Japanese Yen: USD/JPY (JPY=X) reverses off downtrend resistance- risk for further losses sub-108.18

Japanese Yen: USD/JPY (JPY=X) reverses off downtrend resistance- risk for further losses sub-108.18

Japanese Yen: USD/JPY (JPY=X) reverses off downtrend resistance- risk for further losses sub-108.18 The Japanese Yen snapped a four-day losing streak against the US Dollar yesterday with price marking a reversal pattern off daily confluence resistance. These are the updated targets and invalidation levels that matter on the USD/JPY price charts this week. Technical Outlook In my previous Japanese Yen Weekly Price Outlook we […]

Hong Kong: HANG SENG INDEX (.HSI) August retail sales hammered by summer of rage

Hong Kong: HANG SENG INDEX (.HSI) August retail sales hammered by summer of rage

Hong Kong: HANG SENG INDEX (.HSI) August retail sales hammered by summer of rage Strife-torn Hong Kong has suffered a record slump in retail sales, data showed Wednesday, as the city reels from four months of increasingly violent pro-democracy protests. The international finance hub is a major international tourist destination and especially popular with mainland […]

New Zealand Dollar: NZD/USD (NZD=X) only up on US dollar weakness after the manufacturing data

New Zealand Dollar: NZD/USD (NZD=X) only up on US dollar weakness after the manufacturing data

New Zealand Dollar: NZD/USD (NZD=X) only up on US dollar weakness after the manufacturing data The New Zealand dollar was treading water after gaining on US dollar weakness when soft data added to concerns that the US-China trade war is negatively impacting the US economy. The kiwi was trading at 62.46 US cents at 5:30 […]

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00 Technically, the gold bulls have the slight overall near-term technical advantage, but a four-month-old uptrend on the daily bar chart has been negated and a four-week-old downtrend is in place. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at $1,520.00. Bears’ […]

DAX PERFORMANCE-INDEX (.GDAXI) slumps today after the US ISM manufacturing report

DAX PERFORMANCE-INDEX (.GDAXI) slumps today after the US ISM manufacturing report

DAX PERFORMANCE-INDEX (.GDAXI) slumps today after the US ISM manufacturing report The DAX index slumps today after the US ISM manufacturing report, published yesterday, came in at 47.8 the lowest level in ten years. The biggest drag on the ISM was new export orders, and this is important for the export-oriented German economy. As a […]

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals The Pound was on the defensive Wednesday as Prime Minister Boris Johnson’s latest Brexit proposals were reportedly criticised in Brussels and after the Conservative Party leader told grassroots supporters that the plan was a “final offer” that must now be met with compromise from […]

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent

Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent Fears of a recession in the United States and lower expectations of global trade pushed the Australian share market down by more than 100 points to close 1.5 per cent lower at 6639.9 points on Wednesday.  The index opened at 6742.8 and ended the day with 180 […]

Canadian Dollar: USD/CAD (CAD=X) stuck in a range as technical indicators clash

Canadian Dollar: USD/CAD (CAD=X) stuck in a range as technical indicators clash

Canadian Dollar: USD/CAD (CAD=X) stuck in a range as technical indicators clash USD/CAD price action has been capped by the 200-day moving average for the last month and will need a bullish driver to regain upside momentum. The daily chart shows USD/CAD below all three moving averages, although the 20-day is being threatened, with the recent […]

Singapore: STI Index (.STI) slide as renewed fears of a global economic slowdown

Singapore: STI Index (.STI) slide as renewed fears of a global economic slowdown

Singapore: STI Index (.STI) slide as renewed fears of a global economic slowdown Singapore shares deepened its slide on Wednesday afternoon (Oct 2), as a shock slump in US manufacturing activity spooked investors and renewed fears of a global economic slowdown.  The Straits Times Index sank 1.2 per cent, or 39.15 points to 3,106.88 as […]

UK FTSE 100 (.FTSE) endured its worst day since the Brexit vote

UK FTSE 100 (.FTSE) endured its worst day since the Brexit vote

UK FTSE 100 (.FTSE) endured its worst day since the Brexit vote Panicked traders wiped £63bn off the FTSE 100 as Britain’s blue chip index endured its worst day since the Brexit vote amid a global stock market sell-off. The FTSE 100 fell by 238 points, or 3.23pc, in its biggest drop since January 2016 […]

Stradivarius heads top-class cast for Champions Day

Stradivarius heads top-class cast for Champions Day

A star-studded cast remains on course for the ninth edition of QIPCO British Champions Day at Ascot on Saturday 19th October after the latest forfeit stage today. Tickets are selling fast for the day with just Queen Anne Enclosure left, available here  The ultimate raceday, with over £4 million worth of prize money on offer, remains on […]

NASDAQ Composite (.IXIC) Reverses Lower On ISM Data

NASDAQ Composite (.IXIC) Reverses Lower On ISM Data

NASDAQ Composite (.IXIC) Reverses Lower On ISM Data The Nasdaq composite forfeited a solid early gain of as much as 0.8% amid a broad initial advance in stocks today. But another month of weak manufacturing data torpedoed the rally. The tech-weighted index slipped around 0.7%. Near the noon hour in New York, the S&P 500 fell […]

Johnson & Johnson (NYSE:JNJ) agrees $20.4 mn payment in Ohio opioid case

Johnson & Johnson (NYSE:JNJ) agrees $20.4 mn payment in Ohio opioid case

Johnson & Johnson (NYSE:JNJ) agrees $20.4 mn payment in Ohio opioid case US healthcare giant Johnson & Johnson on Tuesday announced it had reached a $20.4 million settlement to avoid a much-anticipated trial in Ohio for allegedly fueling the opioid addiction crisis. Several drugmakers have agreed deals ahead of the trial, due to open this […]

Bitcoin: USD/BTC (BTC=X) seems to be pulling up from its recent dive

Bitcoin: USD/BTC (BTC=X) seems to be pulling up from its recent dive

Bitcoin: USD/BTC (BTC=X) seems to be pulling up from its recent dive The 61.8% level seems closest to the wedge resistance around the $9,756 level and the 100 SMA dynamic inflection point. The 50% Fib is closer to the former support around $9,500 while the 38.2% level is near the $9,000 mark. The 100 SMA […]

Alphabet Inc. (NASDAQ:GOOG) going to war with Apple Inc. (NASDAQ:AAPL) over the future of gaming

Alphabet Inc. (NASDAQ:GOOG) going to war with Apple Inc. (NASDAQ:AAPL) over the future of gaming

Alphabet Inc. (NASDAQ:GOOG) going to war with Apple Inc. (NASDAQ:AAPL) over the future of gaming The video game industry is in a period of transition, and it’s not just because the next PlayStation and Xbox consoles are due out next year. Rapid adoption of smartphones and global investments in online infrastructure have helped video games […]

Tesla, Inc. (NASDAQ:TSLA) China production to start, eyes on mass production timing

Tesla, Inc. (NASDAQ:TSLA) China production to start, eyes on mass production timing

Tesla, Inc. (NASDAQ:TSLA) China production to start, eyes on mass production timing Tesla (NASDAQ:TSLA) Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said. The U.S. electric vehicle maker aims […]

Dow Jones Industrial Average (.DJI) tumbled more than 300 points after disappointing economic data

Dow Jones Industrial Average (.DJI) tumbled more than 300 points after disappointing economic data

Dow Jones Industrial Average (.DJI) tumbled more than 300 points after disappointing economic data Dow Jones Industrial Average tumbled more than 300 points after disappointing economic data halted an early rally in the stock market today. ISM manufacturing data for September fell to 47.8 to a 10-year low. Economists were looking for 50, an increase from 49.1 […]

Ethereum: USD/ETH (ETH=) Fees Fall Under $0.01 Again

Ethereum: USD/ETH (ETH=) Fees Fall Under $0.01 Again

Ethereum: USD/ETH (ETH=) Fees Fall Under $0.01 Again Over the past few months, an odd trend has been seen: the Ethereum blockchain itself has started to gain traction, even as ETH’s price fell, with there being a large uptick in transaction volumes and overall network activity. It got to a point when last month, the fees that […]

Twitter, Inc. (NYSE:TWTR) TweetDeck suffer global outage, thousands hit

Twitter, Inc. (NYSE:TWTR) TweetDeck suffer global outage, thousands hit

Twitter, Inc. (NYSE:TWTR) TweetDeck suffer global outage, thousands hit Twitter Inc (N:TWTR) said late on Tuesday that the social media website and its dashboard management platform TweetDeck was hit with an outage, with thousands of global users left in the dark. “You might have had trouble Tweeting, getting notifications, or viewing DMs. We’re currently working on […]

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook Oil prices slipped on Tuesday, pressured as weak US economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further. Brent crude futures lost […]

Facebook, Inc. (NASDAQ:FB) Libra partners reconsider as governments grumble

Facebook, Inc. (NASDAQ:FB) Libra partners reconsider as governments grumble

Facebook, Inc. (NASDAQ:FB) Libra partners reconsider as governments grumble Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. A Libra Association created by Facebook to independently manage the digital money still had its initial group […]

Kelly Rowland To Perform At The TAB Everest

Kelly Rowland To Perform At The TAB Everest

Multi Grammy Award-winning artist Kelly Rowland will perform a free concert for racegoers attending The Everest, featuring the $14 million The TAB Everest – the world’s richest turf race on Saturday, 19 October at Royal Randwick. With the support of Kelly, in its third year The Everest is set to be bigger and better, attracting the world’s best […]

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years

New Zealand Dollar: NZD/USD (NZD=X) lowest level in 10 years Today, AUD/USD resumed bearish price action after breaking below the level discussed in our last update. Later, the price pressed below the Aug 7 low (monthly support) at 0.6677 printing its lowest level in 10 years at 0.6672. Similarly, NZD/USD printed 0.6203 – its lowest level in 10 years. Since […]

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high The US dollar remained steady as it climbed against a handful of currencies, hitting a 29-month high as markets priced in a lower chance of further Federal Reserve Rate cuts in the coming months. The US Markit manufacturing PMI also provided some support for the […]

Japanese Yen: USD/JPY (JPY=X) US dollar pressing resistance

Japanese Yen: USD/JPY (JPY=X) US dollar pressing resistance

Japanese Yen: USD/JPY (JPY=X) US dollar pressing resistance The US dollar has rallied again during the trading session on Tuesday against the Japanese yen, pressing against the 50% Fibonacci retracement level yet again. Just above, the 200 day moving average looms large. The US dollar has rallied a bit during the trading session on Wednesday, reaching towards […]

Singapore: STI Index (.STI) equities got the fourth quarter off to a flying start

Singapore: STI Index (.STI) equities got the fourth quarter off to a flying start

Singapore: STI Index (.STI) equities got the fourth quarter off to a flying start It would be an exaggeration to say Singapore equities got the fourth quarter off to a flying start, but the local market did register one of the region’s best showings yesterday. The Straits Times Index (STI) extended early gains to end […]

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls

Australia: S&P/ASX 200 (.AXJO) set for heavy falls The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed US factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the US-China trade war is hobbling the world’s largest economy. The slide […]

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure

Australian Dollar: USD/AUD (AUD=X) finding itself under pressure The Australian Dollar is finding itself under pressure against the US Dollar as it attempts to push through the March 2009 low again. This is ahead of the October Reserve Bank of Australia interest rate announcement, which could produce monetary-policy-based volatility in the currency as markets widely anticipate a cut. Will support hold? On […]

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows

Euro: USD/EUR (EUR=X) fell to fresh two-year lows Euro fell to fresh two-year lows against the US Dollar today before rebounding with the broader decline in question heading into the start of October trade. Technical Outlook In my previous Euro Price Outlook we noted that, “Euro turned from downtrend resistance last week and the focus is on a test of key […]

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility While other asset classes don’t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit during periods of higher volatility. Heightened uncertainty in financial markets due to increasing macroeconomic tensions (like US-China trade war or the prospect of a no-deal, […]

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) demand for the safe-haven metals Gold and silver prices are solidly higher in midday trading Tuesday, with gold turning around modest early losses as trouble is brewing on a few fronts, prompting demand for the safe-haven metals. Earlier today gold prices had hit a seven-week low and silver a six-week bottom. December gold […]

Alibaba Group Holding Limited (NYSE:BABA) continues to show a higher growth rate than its chief e-commerce rival

Alibaba Group Holding Limited (NYSE:BABA) continues to show a higher growth rate than its chief e-commerce rival

Alibaba Group Holding Limited (NYSE:BABA) continues to show a higher growth rate than its chief e-commerce rival Alibaba (NYSE:BABA) has continued to report much higher revenue growth than its chief rival JD (NASDAQ:JD). This has increased Alibaba’s slice of the Chinese e-commerce pie. In the latest earnings report, Alibaba reported 42% growth while JD has […]

Apple Inc. (NASDAQ:AAPL) reclaims $1 trillion market cap after analyst says stock poised to jump 20%

Apple Inc. (NASDAQ:AAPL) reclaims $1 trillion market cap after analyst says stock poised to jump 20%

Apple Inc. (NASDAQ:AAPL) reclaims $1 trillion market cap after analyst says stock poised to jump 20% Apple Inc. shares surged Monday and pushed the company higher than $1 trillion in market value again, following a prediction that the stock will rise more than 20% on stronger-than-expected sales of new iPhone 11 models. Apple’s stock AAPL, […]

Alphabet Inc. (NASDAQ:GOOG) taps former FDA commissioner to oversee health strategy and policy

Alphabet Inc. (NASDAQ:GOOG) taps former FDA commissioner to oversee health strategy and policy

Alphabet Inc. (NASDAQ:GOOG) taps former FDA commissioner to oversee health strategy and policy Alphabet has tapped former U.S. Food and Drug Administration Commissioner Robert M. Califf to lead the company’s health strategy and policy. Starting in November, Califf will become the full-time head of strategy and policy for its Verily Life Sciences and Google Health […]

Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers

Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers

Facebook, Inc. (NASDAQ:FB) to pay ‘subset’ of news tab publishers Facebook said Monday it plans to pay only a portion of the publishers whose stories appear in a news “tab” set to launch in the weeks ahead. Facebook recently confirmed plans for a News Tab that will be edited by seasoned journalists, in a departure […]

Tesla, Inc. (NASDAQ:TSLA) Revenue Seen Stalling Out as Musk Aims for Delivery Record

Tesla, Inc. (NASDAQ:TSLA) Revenue Seen Stalling Out as Musk Aims for Delivery Record

Tesla, Inc. (NASDAQ:TSLA) Revenue Seen Stalling Out as Musk Aims for Delivery Record Elon Musk’s ballyhooing about Tesla Inc. possibly setting another vehicle-deliveries record may have diverted attention from the potential for a less-flattering trend: falling revenue. Analysts at Credit Suisse and RBC Capital Markets are among those predicting Tesla will post lower revenue for […]

Dow Jones Industrial Average (.DJI) Futures Extend Rally

Dow Jones Industrial Average (.DJI) Futures Extend Rally

Dow Jones Industrial Average (.DJI) Futures Extend Rally Futures on all three major U.S. indexes traded higher during the Asian session, setting the stage for a positive open in New York Tuesday morning. Futures on the Dow Jones Industrial Average rose by as much as 116 points; they were last up 86 points, or 0.3%, to trade […]

NASDAQ Composite (.IXIC) has first quarterly decline of 2019

NASDAQ Composite (.IXIC) has first quarterly decline of 2019

NASDAQ Composite (.IXIC) has first quarterly decline of 2019 US stocks, which rallied at the start of 2019, ended the third quarter on a much quieter note. Stocks finished the last trading day of the quarter higher on Monday, but have been on a downward trend of late. The major indexes just recorded two down […]

India defends right to buy Russian arms on US trip

India defends right to buy Russian arms on US trip

India’s foreign minister on Monday defended his country’s right to buy a missile defense system from Russia despite the threat of sanctions from the United States. On a visit to Washington, Foreign Minister S. Jaishankar said India was discussing the US concerns but declined to forecast the ultimate decision on the fate of the S-400 […]

Twitter, Inc. (NYSE:TWTR) lets users sideline unwanted direct messages

Twitter, Inc. (NYSE:TWTR) lets users sideline unwanted direct messages

Twitter, Inc. (NYSE:TWTR) lets users sideline unwanted direct messages Twitter on Monday said it is rolling out a filter that will hide away unwanted direct messages, providing a new tool to stymie abuse. Twitter users who receive direct messages from people they don’t follow on the platform will be able to have such missives automatically […]

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC Oil prices rebounded in early Asian trade on Tuesday after production at the world’s largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices. December Brent crude futures rose 44 cents, or 0.7% to […]

Canada, US seek to reduce dependency on China for rare earth minerals

Canada, US seek to reduce dependency on China for rare earth minerals

Canada is in talks with the United States to seek ways for both to reduce their dependance on China for rare earth elements, key minerals for high-tech products, Prime Minister Justin Trudeau said Monday. He said that in his last meeting with US President Donald Trump, “I highlighted that Canada has many of the rare […]

Ethereum: USD/ETH (ETH=) holders are still unlikely to be celebrating

Ethereum: USD/ETH (ETH=) holders are still unlikely to be celebrating

Ethereum: USD/ETH (ETH=) holders are still unlikely to be celebrating Ethereum is once again on the mend, after climbing from $167 yesterday up to $177.59 today. The cryptocurrency has also been on a gradual uptrend against Bitcoin (BTC) since at least September 24, climbing from a low of 0.0191 BTC/ETH up to 0.0216 ETH/BTC as of writing—equivalent to […]

Bitcoin: USD/BTC (BTC=X) corrective bounce may be seen before an extended sell-off to $7,500-$7,070

Bitcoin: USD/BTC (BTC=X) corrective bounce may be seen before an extended sell-off to $7,500-$7,070

Bitcoin: USD/BTC (BTC=X) corrective bounce may be seen before an extended sell-off to $7,500-$7,070 Bitcoin (BTC) is again flashing red, having hit a 3.5-month low earlier today and is on track to post the first quarterly loss of 2019. The top cryptocurrency by market capitalization fell to $7,715 at 04:50 UTC today – a level […]

Shanghai: SSE Composite Index (.SSEC) stocks mixed amid better-than-expected Chinese manufacturing activity

Shanghai: SSE Composite Index (.SSEC) stocks mixed amid better-than-expected Chinese manufacturing activity

Shanghai: SSE Composite Index (.SSEC) stocks mixed amid better-than-expected Chinese manufacturing activity Asia stocks were mixed on Monday as Chinese factory activity in September came in above expectations. Mainland Chinese stocks slipped on the day, with the Shanghai composite shedding 0.92% to about 2,905.19 and Shenzhen component falling 1.08% to 9,446.24. The Shenzhen composite also slipped […]

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline

Euro: USD/EUR (EUR=X) continues steady decline The Euro-to-Dollar exchange rate is trading at around 1.0940 at the start of the new week, after falling 0.70% in the week before. Studies of the charts are showing the short-term trend is vulnerable to continuing lower. The daily chart shows the longer-term downtrend and how recent weakness could […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates for a third time this year The RBA will kick off the fourth quarter of the year with its October interest rate decision slated for Tuesday at 4:30 GMT and brings Australian Dollar currency pairs into focus. The previous RBA monetary policy statement noted that […]

British Pound: USD/GBP (GBP=X) unable to sustain a recovery

British Pound: USD/GBP (GBP=X) unable to sustain a recovery

British Pound: USD/GBP (GBP=X) unable to sustain a recovery Following a broad slump last week, the British Pound to US Dollar (GBP/USD) exchange rate has been unable to sustain much of a recovery today as the US Dollar remains resilient on the back of market safe haven demand, as well as some of last week’s […]

Canadian Dollar: USD/CAD (CAD=X) supported by oil but is tipped to weaken by year-end

Canadian Dollar: USD/CAD (CAD=X) supported by oil but is tipped to weaken by year-end

Canadian Dollar: USD/CAD (CAD=X) supported by oil but is tipped to weaken by year-end The Canadian Dollar is in the process of coming off the boil, according to analysts at Bank of America Merrill Lynch, who’re sticking by forecasts that the Loonie will weaken against its U.S. and British rivals into year-end. Canada’s Dollar remained the […]

Singapore: STI Index (.STI) shares drop 0.2% despite positive China factory data

Singapore: STI Index (.STI) shares drop 0.2% despite positive China factory data

Singapore: STI Index (.STI) shares drop 0.2% despite positive China factory data Investors took heart to a better-than-expected August reading for China’s manufacturing sector but worries over US President Donald Trump’s latest trade threat meant it was a mixed start to the week for Asian equities. Singapore’s Straits Times Index (STI) dropped 0.3 per cent […]

UK FTSE 100 (.FTSE) modestly lower as a slight rally by sterling outweighed the benefit from an early bounce by US stocks

UK FTSE 100 (.FTSE) modestly lower as a slight rally by sterling outweighed the benefit from an early bounce by US stocks

UK FTSE 100 (.FTSE) modestly lower as a slight rally by sterling outweighed the benefit from an early bounce by US stocks The FTSE 100 index ended modestly lower on Monday as a slight rally by sterling outweighed the benefit from an early bounce by US stocks. At the close, the UK blue chip index was […]

Pantall pair primed for Kingdom of Bahrain Sun Chariot Stakes

Pantall pair primed for Kingdom of Bahrain Sun Chariot Stakes

French trainer Alex Pantall, still looking for his first winner in Britain following almost four decades with a licence, is intending to run both Crown Walk and Madeleine Must in the Group 1 Kingdom of Bahrain Sun Chariot Stakes at Newmarket on Saturday. The Pantall pair were among 11 fillies remaining engaged, including the past two winners of the QIPCO […]

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut

Australia: S&P/ASX 200 (.AXJO) bank stocks has shares looking expensive ahead of another potential interest-rate cut A massive rally by Australia’s bank stocks has shares looking expensive ahead of another potential interest-rate cut by the nation’s central bank. The S&P/ASX 200 Financials Index has gained nearly 17% this year, driving its forward price-to-earnings ratio to the highest […]

Bitcoin: USD/BTC (BTC=X) bears have continued to flex their muscles

Bitcoin: USD/BTC (BTC=X) bears have continued to flex their muscles

Bitcoin: USD/BTC (BTC=X) bears have continued to flex their muscles Bitcoin bears have continued to flex their muscles into Monday morning. After closing the week at a massive loss, with BTC posting its worst performance since November 2018’s capitulation event, bulls failed to make their presence known. As of the time of writing this, the Bitcoin price […]

Japanese Yen: USD/JPY (JPY=X) market will continue to move along with risk appetite

Japanese Yen: USD/JPY (JPY=X) market will continue to move along with risk appetite

Japanese Yen: USD/JPY (JPY=X) market will continue to move along with risk appetite The US dollar continues to be rather noisy against the Japanese yen, as we are stuck between two major moving averages. Underneath, we have the red 50 day EMA, with the black 200 day EMA above. As we are dancing around in this […]

Hong Kong: HANG SENG INDEX (.HSI) market closes higher, as US-China trade war fears weigh on mainland Chinese stocks

Hong Kong: HANG SENG INDEX (.HSI) market closes higher, as US-China trade war fears weigh on mainland Chinese stocks

Hong Kong: HANG SENG INDEX (.HSI) market closes higher, as US-China trade war fears weigh on mainland Chinese stocks The Hong Kong market closed higher on Monday, boosted by heavyweights in telecom and energy, while fears about the US delisting Chinese companies weighed on sentiment in mainland China, where the Shanghai Composite fell to a […]

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals

Silver 1 OZ 999 NY (XAG=X) bearish for the safe-haven metals Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside […]

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low

New Zealand Dollar: NZD/USD (NZD=X) rapidly approaching a four-year low The New Zealand Dollar is rapidly approaching a four-year low against the U.S. Dollar on Monday after data showed that business confidence in the country was deteriorating quickly amid a global economic slowdown, despite an aggressive rate cut by the central bank designed to prop […]

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth Gold has risen faster than anticipated, but fundamentals still leave room for price growth, said Nolan Watson, CEO of Sandstorm Gold. “I think all of the fundamentals are still backing it in a massive way and I would say for the first time in […]

DAX PERFORMANCE-INDEX (.GDAXI) looks to continue gains

DAX PERFORMANCE-INDEX (.GDAXI) looks to continue gains

DAX PERFORMANCE-INDEX (.GDAXI) looks to continue gains It was a week of two halves, as the DAX dropped in the first half before rallying from a Tuesday low. However, since then, gains have stalled at 12,400, so if this remains in place a lower low has been established. A push below 12,300 would renew the bearish move […]

Dow Jones Industrial Average (.DJI) rose modestly on more-positive China trade news and economic data

Dow Jones Industrial Average (.DJI) rose modestly on more-positive China trade news and economic data

Dow Jones Industrial Average (.DJI) rose modestly on more-positive China trade news and economic data Dow Jones futures rose modestly Sunday night, along with S&P 500 futures and Nasdaq futures on more-positive China trade news and economic data. The stock market rally last week edged lower amid Trump impeachment news then stumbled Friday on a […]

United States Oil (USO) Prices Fall On Onslaught Of Bearish News

United States Oil (USO) Prices Fall On Onslaught Of Bearish News

United States Oil (USO) Prices Fall On Onslaught Of Bearish News Oil prices fell sharply on Friday on easing tensions in the Middle East after a rather surprising turn of events. Saudi Arabia is implementing a partial cease-fire in Yemen, rumors surfaced that the U.S. is considering easing sanctions on Iran, and Saudi Arabia is […]

Ethereum: USD/ETH (ETH=) Dips Below $170 as Bitcoin Faces Increased Selling Pressure

Ethereum: USD/ETH (ETH=) Dips Below $170 as Bitcoin Faces Increased Selling Pressure

Ethereum: USD/ETH (ETH=) Dips Below $170 as Bitcoin Faces Increased Selling Pressure At the time of writing, Ethereum is trading down over 3% at its current price of $167, which marks a slight retrace from its recent highs of nearly $176 that were set yesterday. It is important to note that Ethereum – unlike Bitcoin and other major altcoins […]

Alphabet Inc. (NASDAQ:GOOG) crushed second-quarter estimates, the bar is high going into the third-quarter update

Alphabet Inc. (NASDAQ:GOOG) crushed second-quarter estimates, the bar is high going into the third-quarter update

Alphabet Inc. (NASDAQ:GOOG) crushed second-quarter estimates, the bar is high going into the third-quarter update Amid a sell-off of many growth stocks in recent weeks, shares of search giant Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) have been resilient. Indeed, the stock is up 5% over the past month and 17% year to date. The stock’s strong performance this year reflects impressive momentum in Alphabet’s […]

Tesla, Inc. (NASDAQ:TSLA) Court Rules That Elon Musk’s Tweet Violated Labor Laws

Tesla, Inc. (NASDAQ:TSLA) Court Rules That Elon Musk’s Tweet Violated Labor Laws

Tesla, Inc. (NASDAQ:TSLA) Court Rules That Elon Musk’s Tweet Violated Labor Laws A Californian judge has ruled that Tesla violated labor laws in 2017 and that a tweet sent by Elon Musk in 2018 broke the law by interfering with legitimate union organizing. Reuters reports that this Friday, a California administrative law judge ruled that Tesla must “read a notice to […]

Alibaba Group Holding Limited (NYSE:BABA) possible investment restrictions is the latest U.S. attempt to decouple from China

Alibaba Group Holding Limited (NYSE:BABA) possible investment restrictions is the latest U.S. attempt to decouple from China

Alibaba Group Holding Limited (NYSE:BABA) possible investment restrictions is the latest U.S. attempt to decouple from China Beijing called Washington’s potential restrictions on U.S. investments in China “the latest attempt at a decoupling,” in a Global Times piece published on Sunday. The Chinese state-owned media said that even news of measures like delisting Chinese companies […]

Apple Inc. (NASDAQ:AAPL) smartphone shipments there jumped 9.9% year over year in the second quarter of 2019

Apple Inc. (NASDAQ:AAPL) smartphone shipments there jumped 9.9% year over year in the second quarter of 2019

Apple Inc. (NASDAQ:AAPL) smartphone shipments there jumped 9.9% year over year in the second quarter of 2019 The smartphone market in India has stood tall amid the global sales slowdown. Smartphone shipments there jumped 9.9% year over year in the second quarter of 2019, versus the 2.3% decline in global smartphone shipments per IDC. But Apple (NASDAQ:AAPL) has struggled to […]

Bitcoin: USD/BTC (BTC=X) Chances for Bitcoin Recovery Building

Bitcoin: USD/BTC (BTC=X) Chances for Bitcoin Recovery Building

Bitcoin: USD/BTC (BTC=X) Chances for Bitcoin Recovery Building Over the past three days, the asset has been relatively still in the low-$8,000s, having not lost or gained more than 5% in any 24-hour period. While some believe that this lack of price action is a precursor to yet another bout of consolidation, analysts are starting […]

Amazon.com, Inc. (NASDAQ:AMZN) has a new program for employees, and it’s probably just getting started

Amazon.com, Inc. (NASDAQ:AMZN) has a new program for employees, and it’s probably just getting started

Amazon.com, Inc. (NASDAQ:AMZN) has a new program for employees, and it’s probably just getting started Amazon (NASDAQ:AMZN) has never been shy about its ambitions. But while the company seeks to dominate every area it enters, it does not always state its intentions before making a big play in a new area. For example, the company first launched its […]

Qatar Prix de l’Arc de Triomphe : The Decider

Qatar Prix de l’Arc de Triomphe : The Decider

October, ParisLongchamp Qatar Prix de l’Arc de Triomphe Group 1, 3+, 2,400 metres (1m4f), €5m Created in 1920 Record time (Longchamp) : 2’24’’49 in 2011 (Danedream). Found won in 2’23’’61 in 2016 at Chantilly, beating the course record. Last winner : Enable (f4, GB by Nathaniel), Homebred by Juddmonte farms, trained by John Gosden and ridden by Frankie Dettori. Held in 2019 for the […]

New Zealand Dollar: NZD/USD (NZD=X) Minor Pivot at .6302 Controlling Price Action

New Zealand Dollar: NZD/USD (NZD=X) Minor Pivot at .6302 Controlling Price Action

New Zealand Dollar: NZD/USD (NZD=X) Minor Pivot at .6302 Controlling Price Action Based on Friday’s price action and the close at .6296, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the minor pivot at .6302. The New Zealand Dollar posted a second consecutive inside move on Friday […]

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates

Australian Dollar: USD/AUD (AUD=X) Under Pressure as RBA Poised to Cut Rates AUD/USD traded sideways last week, after sustaining sharp losses a week earlier. The upcoming week is busy, with 10 events. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. PMI reports are good indicators of economic growth, and the September […]

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency

Euro: USD/EUR (EUR=X) weak growth outlook weighs on the single currency The Euro fell to a more than two-year low against the U.S. Dollar on Friday as a weak growth outlook weighed on the single currency. However, a drop in Treasury yields late in the session drove the greenback lower, triggering a short-covering rally into […]

TDN Rising Star for American Pharoah and a New G1 Performer

TDN Rising Star for American Pharoah and a New G1 Performer

Talented filly Princesa Caroline (2f American Pharoah x Sacre Coeur, by Saint Ballado) made a huge impression when cruising home to with ease at Belmont on Saturday. Trained by Chad Brown, she stormed home to win the 1 and 1/16th mile contest on turf by three and a half lengths earning TDN Rising Star status. A […]

Brexit takes wrecking ball to British housing market

Brexit takes wrecking ball to British housing market

As Britain’s deadline to leave the European Union approaches, property prices have slowed or dropped, especially in London, with sector analysts warning of worse to come if Britain crashes out of the bloc without a deal. “The market is at a standstill,” said Beatrice Caboche, director at real estate company Barnes UK. Average property sales […]

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus It’s a particularly busy week ahead on the economic calendar. It’s a quiet start to the week, however, with September’s Chicago PMI due out on Monday. Impact on the Dollar will likely be muted ahead of the market’s preferred ISM manufacturing PMI figures […]

Shanghai: SSE Composite Index (.SSEC) markets must test risk of worst US threat yet

Shanghai: SSE Composite Index (.SSEC) markets must test risk of worst US threat yet

Shanghai: SSE Composite Index (.SSEC) markets must test risk of worst US threat yet Citigroup Inc has termed it the most extreme potential US move against China in the escalating rivalry between the world’s largest two economies: Restricting access to US finance. Traders in China’s markets have to decide how to price that risk today […]

DAX PERFORMANCE-INDEX (.GDAXI) Economy Showing Little Signs of Improving

DAX PERFORMANCE-INDEX (.GDAXI) Economy Showing Little Signs of Improving

DAX PERFORMANCE-INDEX (.GDAXI) Economy Showing Little Signs of Improving The beginning of the week saw the DAX on the backfoot following a raft of weak PMI figures. Germany’s manufacturing recession has continued to worsen with concerns mounting that the slowdown could become broaderbased as the services sector had also slowed to a 9-month low. Subsequently, […]

Japanese Yen: USD/JPY (JPY=X) safe-haven buying encouraged long investors to trim positions

Japanese Yen: USD/JPY (JPY=X) safe-haven buying encouraged long investors to trim positions

Japanese Yen: USD/JPY (JPY=X) safe-haven buying encouraged long investors to trim positions The Dollar/Yen closed higher on Friday, but off its high as safe-haven buying encouraged long investors to trim positions and book profits ahead of the week-end after an impressive three day rally. The Forex pair was also supported by a better-than-expected Core Durable […]

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report

Gold 1 OZ (XAU=X) initially declines on strong US durable goods orders report Gold prices rebounded from session lows, as a risk on day turned into a risk-off day, after the Trump administration announced that they were considering reducing investment into China. The White House floated the idea that they might consider forcing the exchanges […]

Dubai developers race to lure buyers as downturn bites

Dubai developers race to lure buyers as downturn bites

Dubai, a city defined by its glittering towers and man-made islands, is stuck in a five-year property downturn with no end in sight, drawing warnings of an industry reckoning that will see weaker players fail. Property developers are slashing prices and offering ultra-easy financing to lure customers, while concerned authorities have stepped in with incentives […]

Bitcoin: USD/BTC (BTC=X) currently consolidating losses

Bitcoin: USD/BTC (BTC=X) currently consolidating losses

Bitcoin: USD/BTC (BTC=X) currently consolidating losses This past week, there was a strong decline in BTC below the $10,000 support area against the US Dollar. The BTC/USD pair broke many supports near $9,500 and $9,000 to enter a bearish zone. Moreover, there was a close below $9,000 and the 100 simple moving average (4-hours). Finally, the price […]

Silver 1 OZ 999 NY (XAG=X) prices down; bulls need to step up

Silver 1 OZ 999 NY (XAG=X) prices down; bulls need to step up

Silver 1 OZ 999 NY (XAG=X) prices down; bulls need to step up Gold and silver prices are solidly lower in early U.S. trading Friday. A strong U.S. dollar index, which hit a new high for the year, is helping to pressure the precious metals late this week. The chart postures for the two metals has also deteriorated a […]

UK FTSE 100 (.FTSE) Exporters Enjoy Pound Drop

UK FTSE 100 (.FTSE) Exporters Enjoy Pound Drop

UK FTSE 100 (.FTSE) Exporters Enjoy Pound Drop In a week that saw the Pound post its largest fall against the greenback since the beginning of August, UK exporters have been among the notable beneficiaries as the FTSE 100 outperforms its major counterparts. Alongside this, the index had been further underpinned following a shift in […]

Hong Kong: HANG SENG INDEX (.HSI) mixed as investors watched for developments on the U.S.-China trade front

Hong Kong: HANG SENG INDEX (.HSI) mixed as investors watched for developments on the U.S.-China trade front

Hong Kong: HANG SENG INDEX (.HSI) mixed as investors watched for developments on the U.S.-China trade front Asia Pacific stocks were mixed on Friday as investors watched for developments on the U.S.-China trade front. Mainland Chinese stocks were edged up on the day, with the Shenzhen component up 0.89% to 9,548.96 and Shenzhen composite advancing […]

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week

Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week Monday. On Monday Nufarm Limited (ASX: NUF) shares will be on watch when it releases its full year results. A weak result is expected from the agricultural chemicals company, so all eyes will be on its guidance for FY 2020. The market is currently expecting a 19% […]

Alphabet Inc. (NASDAQ:GOOG) to play hardball with French media companies when it comes to linking to their content in its search results

Alphabet Inc. (NASDAQ:GOOG)  to play hardball with French media companies when it comes to linking to their content in its search results

Alphabet Inc. (NASDAQ:GOOG) to play hardball with French media companies when it comes to linking to their content in its search results While the US obsessed on Wednesday over what technically constitutes impeachment for a sitting American president, European news publishers were focused on something quite different: namely, a decision by Google to play hardball with French media companies […]

United States Oil (USO) trims losses

United States Oil (USO) trims losses

United States Oil (USO) trims losses U.S. oil prices trimmed their losses on Thursday and global benchmark prices finished higher, as the Pentagon announced that it would deploy equipment and personnel in support of Saudi Arabia following attacks on its oil facilities earlier this month. Oil futures had suffered from steeper declines for much of […]

Winemaking in the Nordics, a world away from French chateau luxe

Winemaking in the Nordics, a world away from French chateau luxe

Making wine in the Nordic countries is far from the glamour associated with Europe’s famed wine chateaux: here the sun is fickle, the season is short and diehard aficionados work up more sweat than wine but climate change is helping boost harvests. Worlds away from the thousand-year-old vineyards of continental Europe, winemaker Murre Sofrakis inspects […]

Tesla, Inc. (NASDAQ:TSLA) stock surges on leaked Musk email seeing shot at 100,000-delivery quarter

Tesla, Inc. (NASDAQ:TSLA) stock surges on leaked Musk email seeing shot at 100,000-delivery quarter

Tesla, Inc. (NASDAQ:TSLA) stock surges on leaked Musk email seeing shot at 100,000-delivery quarter Tesla Inc. shares climbed the most since June after Chief Executive Elon Musk said in an email to employees that the carmaker has a chance to top the vehicle delivery record it set in the second quarter. “We have a shot […]

NASDAQ Composite (.IXIC) close slightly lower as trade optimism sours

NASDAQ Composite (.IXIC) close slightly lower as trade optimism sours

NASDAQ Composite (.IXIC) close slightly lower as trade optimism sours U.S. stocks ended slightly lower Thursday as investors grappled with downbeat news in U.S.-China trade relations and drama in Washington over a whistleblower complaint alleging President Donald Trump sought foreign election interference. What are major indexes doing? The Dow Jones Industrial Average DJIA, -0.30% lost 79.59 points, or […]

Facebook, Inc. (NASDAQ:FB) wins dismissal of investor lawsuit over privacy breach

Facebook, Inc. (NASDAQ:FB) wins dismissal of investor lawsuit over privacy breach

Facebook, Inc. (NASDAQ:FB) wins dismissal of investor lawsuit over privacy breach Facebook and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will be have a chance to refile their case. […]

Dow Jones Industrial Average (.DJI) Futures Signal Modest Stock Market Rally

Dow Jones Industrial Average (.DJI) Futures Signal Modest Stock Market Rally

Dow Jones Industrial Average (.DJI) Futures Signal Modest Stock Market Rally Dow Jones futures edged higher early Thursday, along with S&P 500 futures and Nasdaq futures, looking to extend Wednesday’s stock market rally despite ongoing Trump impeachment news. Beyond Meat (BYND) spiked before the open on news that McDonald’s (MCD) will test its fake-meat patties in some Ontario, Canada […]

Amazon.com, Inc. (NASDAQ:AMZN) Eyes Healthcare Market and Expands Tech Portfolio at Annual Event

Amazon.com, Inc. (NASDAQ:AMZN) Eyes Healthcare Market and Expands Tech Portfolio at Annual Event

Amazon.com, Inc. (NASDAQ:AMZN) Eyes Healthcare Market and Expands Tech Portfolio at Annual Event Amazon AMZN has had a busy couple of days. The e-commerce giant held their annual hardware event on Wednesday in Seattle a day after they announced they would be taking their biggest step yet into healthcare by launching its Amazon Care service […]

Bitcoin: USD/BTC (BTC=X) Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin: USD/BTC (BTC=X) Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin: USD/BTC (BTC=X) Price Sheds $500 Over Day, Drops Below $8,000 Bitcoin bears continue to be firmly in control as the first cryptocurrency’s price tumbled below $8,000 per coin for the second time this week. Beginning at 15:50 UTC, the Bitcoin Price Index capitulated at $8,095, shedding near $200 within a few minutes. Support at $7,900 lasted […]

Ethereum: USD/ETH (ETH=) following the bearish trend started by Bitcoin

Ethereum: USD/ETH (ETH=) following the bearish trend started by Bitcoin

Ethereum: USD/ETH (ETH=) following the bearish trend started by Bitcoin Ethereum has suffered one of its steepest falls of the year, crashing below $160 in what has been the worst week for the crypto market in months. After a brutal five-day drop in which ETH went from $220 to $166 per token, a brief bullish correction […]

Apple Inc. (NASDAQ:AAPL) Due for Pullback

Apple Inc. (NASDAQ:AAPL) Due for Pullback

Apple Inc. (NASDAQ:AAPL) Due for Pullback Shares of Apple (NASDAQ:AAPL) are up 40% year-to-date compared to the Invesco QQQ ETF (NASDAQ:QQQ) which is up 23% and the SPDR S&P 500 ETF (NYSEARCA:SPY) which is up 19.3%. With a large run up in the stock this year, the logical question for investors to ask is how much more upside there is in […]

Facebook, Inc. (NASDAQ:FB) hides ‘likes’ in Australia trial to ease anxiety

Facebook, Inc. (NASDAQ:FB) hides ‘likes’ in Australia trial to ease anxiety

Facebook has begun hiding the number of “likes” for posts in Australia, it said Friday, a trial designed to ease social pressure that could be rolled out worldwide. Account holders across the country will also be blocked from viewing the number of reactions and video views on other people’s posts from Friday, but will still […]

UK FTSE 100 (.FTSE) closes higher despite slew of profit warnings

UK FTSE 100 (.FTSE) closes higher despite slew of profit warnings

UK FTSE 100 (.FTSE) closes higher despite slew of profit warnings London’s markets were strange to say: it’s rare of late to see movements so distinctly driven by individual stories, and less by broader trends. Either way, conditions were ideal for the FTSE, which touched its highest level since the start of August but couldn’t […]