Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December

Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December

Euro: USD/EUR (EUR=X) German Retail Sales Tops Expectations in December Retail sales in Germany rose 2.1% last month, beating out the analyst estimate for a rise of 1.1%. It was the first time the data beat expectations since the summer. Services data was also better than expected with German, Italian, and Spanish PMI data all […]

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger

Japanese Yen: USD/JPY (JPY=X) Bearish Momentum Still Stronger Amid renewed global geopolitical tensions, particularly from North Korea and the Middle East region, it was natural to have a strong demand for safe havens, the most important of which is the Japanese Yen, and accordingly, the USD/JPY price declined for six consecutive trading sessions, reaching the […]

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls

Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls After starting the first full week of the new year in a decidedly “risk off” position, markets are recovering into the US session close. For FX traders, the Australian dollar has long been the quintessential pro-growth currency, at least among the developed market majors, and the price […]

FTSE Bursa Malaysia KLCI (.KLSE) below 1,600 while oil, gold rally

FTSE Bursa Malaysia KLCI (.KLSE) below 1,600 while oil, gold rally

FTSE Bursa Malaysia KLCI (.KLSE) below 1,600 while oil, gold rally The FBM KLCI pared some of its loss at the midday break today, but overall market sentiment stayed negative in line with the regional downtrend following the fresh Middle East tensions. At 12.30pm, the FBM KLCI fell 15.19 points to 1,596.19. The index had […]

Additional Selling Pressure Tipped For Singapore: STI Index (.STI)

Additional Selling Pressure Tipped For Singapore: STI Index (.STI)

Additional Selling Pressure Tipped For Singapore: STI Index (.STI) Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.62 percent, or 19.96 points, to close at 3,218.86. A total of 1.32 billion shares changed hands with a turnover of 1.02 billion Singapore dollars (about 755.44 million U.S. dollars). Losers […]

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices

Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices Gold futures on Monday marked their highest settlement since April of 2013, as the killing last week of a top Iranian military commander, Qassem Soleimani, reverberated through financial markets, momentarily upending appetite for assets considered risky and boosting traditional haven assets like […]

Hong Kong: HANG SENG INDEX (.HSI) slides, mainland markets jump on PBOC move

Hong Kong: HANG SENG INDEX (.HSI) slides, mainland markets jump on PBOC move

Hong Kong: HANG SENG INDEX (.HSI) slides, mainland markets jump on PBOC move Hong Kong stocks extended losses in the morning session on Monday, hit by concerns about a possible Middle East conflict after the US killed a top Iranian general last week, though energy firms were boosted by surging oil prices. The Hang Seng […]

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar The ASX has bounced back from its early losses to close slightly higher, powered by strong gains by gold miners and oil producers as both commodities moved higher amid tension in the Middle East. The S&P-ASX200 index fell 61.8 points in the first 11 […]

Netflix, Inc. (NASDAQ:NFLX) Faces a Potentially Make-or-Break Quarter

Netflix, Inc. (NASDAQ:NFLX) Faces a Potentially Make-or-Break Quarter

Netflix, Inc. (NASDAQ:NFLX) Faces a Potentially Make-or-Break Quarter One of the biggest questions on the minds of Netflix (NASDAQ: NFLX) investors is whether the company can maintain its growth trajectory now that Disney (NYSE: DIS) has so successfully launched its rival streaming service. The House of Mouse announced on the day after its debut that […]

Can Apple Inc. (NASDAQ:AAPL) Stock Have Another Strong Quarter?

Can Apple Inc. (NASDAQ:AAPL) Stock Have Another Strong Quarter?

Can Apple Inc. (NASDAQ:AAPL) Stock Have Another Strong Quarter? Apple (NASDAQ:AAPL) stock rose over 2.3% on Thursday, the first trading day of the decade, hitting a new 52-week high intraday at $300.60. However, as I write this article, Friday is proving to be another story for AAPL stock as well as the broader markets. Headlines on […]

NASDAQ Composite (.IXIC) Positive for the Week Despite Airstrike Concerns

NASDAQ Composite (.IXIC) Positive for the Week Despite Airstrike Concerns

NASDAQ Composite (.IXIC) Positive for the Week Despite Airstrike Concerns The S&P’s five-week winning streak came to an end on Friday as a U.S. airstrike in the Middle East forced this rally to take a break. The index declined 0.71% today to finish at 3234.85, which is only a little more than 5 points below […]

Dow Jones Industrial Average (.DJI) continues to display strength

Dow Jones Industrial Average (.DJI) continues to display strength

Dow Jones Industrial Average (.DJI) continues to display strength The Dow Jones experienced considerable volatility last week as an unexpected geopolitical flare-up rattled risk appetite. Although open conflict has been avoided for the time being, the potential for a spiral of retaliatory attacks is very real and a wider military engagement could undermine equities further […]

Tesla, Inc. (NASDAQ:TSLA) stock hits record as 2019 sales rise more than 50%

Tesla, Inc. (NASDAQ:TSLA) stock hits record as 2019 sales rise more than 50%

Tesla, Inc. (NASDAQ:TSLA) stock hits record as 2019 sales rise more than 50% Shares of electric car maker Tesla Inc. hit a record closing price Friday after the company reported that its global deliveries rose more than 50% last year. The announcement Friday pushed Tesla’s shares up nearly 3% to a record close of $443.01. […]

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify

United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify Oil extended its dramatic price surge as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped above $70 a barrel in London as the US State Department said there’s […]

Ethereum: USD/ETH (ETH=) Set To Breach Key Resistance Against BTC As Golden Cross Forms

Ethereum: USD/ETH (ETH=) Set To Breach Key Resistance Against BTC As Golden Cross Forms

Ethereum: USD/ETH (ETH=) Set To Breach Key Resistance Against BTC As Golden Cross Forms Two successful forks at the end of 2019, Istanbul and the Muir Glacier update on 2nd January and healthy market fundamentals is the best way for Ethereum to start the year. The second largest cryptocurrency currently trades at $134.68 USD, representing […]

Bitcoin: USD/BTC (BTC=X) Bulls Targeting Key Resistance At $7,800

Bitcoin: USD/BTC (BTC=X) Bulls Targeting Key Resistance At $7,800

Bitcoin: USD/BTC (BTC=X) Bulls Targeting Key Resistance At $7,800 Bitcoin is on a sharp rise in 2020 with price breaching $7,500 USD. Bulls are regaining strength in the market with a third straight green candle on the daily charts setting bullish indicators that signal a possible test of the $7,800 resistance level. A call for […]

Canadian Dollar: USD/CAD (CAD=X) may be on verge of ending consolidation

Canadian Dollar: USD/CAD (CAD=X) may be on verge of ending consolidation

Canadian Dollar: USD/CAD (CAD=X) may be on verge of ending consolidation The Canadian Dollar may be on the verge of extending its advance against the US Dollar and ending prolonged consolidation since the Summer of 2019. USD/CAD took out lows from July after clearing support at 1.3017, but follow-through has been somewhat lacking. Clearing immediate […]

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage On the Macro It’s a busy week ahead on the economic calendar, with 51 stats to monitor. In the previous week, just 27 stats had been in focus. Following the holiday season and lack of stats to […]

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness

Euro: USD/EUR (EUR=X) Sinks on Rising German Joblessness The Euro US Dollar (EUR/USD) exchange rate fell by -0.3% today, with the pairing currently trading around $1.11 after December’s German Unemployment Change figure rose above forecasts to 8 thousand. Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics, was downbeat in his assessment, commenting: ‘A poor finish […]

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike

Japanese Yen: USD/JPY (JPY=X) Safe-haven yen lifted, US dollar hits in Grim data after Qassem Soleimani strike Investors rushed into safe-haven assets on Friday after US airstrikes in Iraq killed a senior Iranian military official, sending the Japanese yen to a three-month high, while the US dollar index was knocked by the weakest domestic factory activity in a decade. In addition to the yen, US Treasuries, German […]

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle

Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 0.69. The projected upper bound is: 0.70. The projected lower bound is: 0.69. The projected closing price is: 0.69. Candlesticks A black body occurred (because prices closed lower than they opened). […]

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General

Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General Gold prices surged on Friday following President Trump’s decision to order an airstrike that killed a powerful Iranian military leader. The preemptive action put pressure on riskier assets as Tehran vowed to avenge the death of General Qassem Soleimani. The action is likely just […]

Hong Kong: HANG SENG INDEX (.HSI) markets slump amid rising US-Iran tensions in the Middle East

Hong Kong: HANG SENG INDEX (.HSI) markets slump amid rising US-Iran tensions in the Middle East

Hong Kong: HANG SENG INDEX (.HSI) markets slump amid rising US-Iran tensions in the Middle East Most regional equity markets fell sharply yesterday, tracking the global slump on Friday as tensions between the US and Iran escalated following the killing of one of the Islamic republic’s top generals in Baghdad. Qassem Suleimani, the head of […]

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US Australian shares are set to open lower as investors, wary of a still further escalation of military activity between Iran and the US, dash at least near-term hopes for an extension […]

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil

United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil Oil prices treaded water before settling slightly higher on the first trading day of 2020 amid concerns that U.S. crude production could rebound strongly. West Texas Intermediate, the U.S. crude benchmark, settled up 12 cents, or 0.2%, […]

Apple Inc. (NASDAQ:AAPL) shares surpassed $300 amid predictions for a robust holiday quarter

Apple Inc. (NASDAQ:AAPL) shares surpassed $300 amid predictions for a robust holiday quarter

Apple Inc. (NASDAQ:AAPL) shares surpassed $300 amid predictions for a robust holiday quarter Apple Inc. shares surpassed $300 amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV. Shares of the iPhone maker rose 2.3% to close at a record $300.35, topping the $300 mark for […]

Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts

Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts

Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts Ethereum (ETH) celebrated the new year by being up 1.28%, but the second day of 2020 had erased those gains as the current price of the second most popular crypto is back from where it opened yesterday. Ethereum, which has recently been crowned […]

Dow Jones Industrial Average (.DJI) jumps 300 points to start 2020, continuing last year’s big rally

Dow Jones Industrial Average (.DJI) jumps 300 points to start 2020, continuing last year’s big rally

Dow Jones Industrial Average (.DJI) jumps 300 points to start 2020, continuing last year’s big rally Stocks rose to all-time highs on Thursday, led by tech shares, as the strong rally in 2019 continued in the first trading day of the new year. The Dow Jones Industrial Average advanced 330.36 points, or 0.9% to 28,868.80 […]

Tesla, Inc. (NASDAQ:TSLA) Says Will Start Delivering China-Made Model 3s to Public on Jan. 7

Tesla, Inc. (NASDAQ:TSLA) Says Will Start Delivering China-Made Model 3s to Public on Jan. 7

Tesla, Inc. (NASDAQ:TSLA) Says Will Start Delivering China-Made Model 3s to Public on Jan. 7 Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday. The Shanghai plant is part of the Silicon […]

Questions Still Linger about Alibaba Group Holding Limited (NYSE:BABA)

Questions Still Linger about Alibaba Group Holding Limited (NYSE:BABA)

Questions Still Linger about Alibaba Group Holding Limited (NYSE:BABA) For over a year-and-a-half, one of the biggest concerns for the markets and the global economy was (and technically still is) the U.S.-China trade war. One only needs to look at the price chart of Alibaba Group (NYSE:BABA) shares for confirmation. Since the beginning of October, […]

Continued Spread of Bitcoin: USD/BTC (BTC=X) ATMs Normalizing Cryptocurrency Around the World

Continued Spread of Bitcoin: USD/BTC (BTC=X) ATMs Normalizing Cryptocurrency Around the World

Continued Spread of Bitcoin: USD/BTC (BTC=X) ATMs Normalizing Cryptocurrency Around the World The number of active Bitcoin ATMs around the world grew by an impressive 56 percent over the last 12 months. Although the spread of the real-world Bitcoin trading locations doesn’t necessarily suggest increased rates of adoption, it will help to further normalize Bitcoin […]

Ulta Beauty, Inc. (NASDAQ:ULTA) 2020 Outlook

Ulta Beauty, Inc. (NASDAQ:ULTA) 2020 Outlook

Ulta Beauty, Inc. (NASDAQ:ULTA) 2020 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 274.18. The projected upper bound is: 301.37. The projected lower bound is: 206.25. The projected closing price is: 253.81. Candlesticks A white […]

Starbucks Corporation (NASDAQ:SBUX) 2020 Outlook

Starbucks Corporation (NASDAQ:SBUX) 2020 Outlook

Starbucks Corporation (NASDAQ:SBUX) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 64.46. The projected upper bound is: 100.49. The projected lower bound is: 79.33. The projected closing price is: 89.91. Candlesticks A white body […]

QUALCOMM Incorporated (NASDAQ:QCOM) 2020 Outlook

QUALCOMM Incorporated (NASDAQ:QCOM) 2020 Outlook

QUALCOMM Incorporated (NASDAQ:QCOM) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 63.77. The projected upper bound is: 110.50. The projected lower bound is: 68.48. The projected closing price is: 89.49. Candlesticks A black body […]

Fastnet Rock Filly Impressive on Debut

Fastnet Rock Filly Impressive on Debut

Champion sire Fastnet Rock produced the quinella in the juvenile maiden at Geelong on Thursday with the Yulong Investments colours carried to a very easy victory by the winner Fresh (2f Fastnet Rock x Mother’s Milk, by Savabeel). The Peter and Paul Snowden trained filly Fresh was a class above her rivals, dashing clear to […]

Bitcoin: USD/BTC (BTC=X) establishes key support above $7,000 as bulls target reversal

Bitcoin: USD/BTC (BTC=X) establishes key support above $7,000 as bulls target reversal

Bitcoin: USD/BTC (BTC=X) establishes key support above $7,000 as bulls target reversal Bitcoin endured a turbulent yet significant year in 2019, surging from lows of $3,500 all the way to $14,000 before losing 50% of its value in a matter of months. It is now trading above $7,000 following a minor scare in December that […]

UK FTSE 100 (.FTSE) surged in the first trading session of the new decade

UK FTSE 100 (.FTSE) surged in the first trading session of the new decade

UK FTSE 100 (.FTSE) surged in the first trading session of the new decade Britain’s stock market indexes surged in the first trading session of the new decade, as investors welcomed China’s monetary policy easing and U.S. President Donald Trump set the date for sealing a Phase 1 trade deal with Beijing. The FTSE 100 […]

Shanghai: SSE Composite Index (.SSEC) Ahead of Chinese New Year, central bank lets loose $115bn

Shanghai: SSE Composite Index (.SSEC) Ahead of Chinese New Year, central bank lets loose $115bn

Shanghai: SSE Composite Index (.SSEC) Ahead of Chinese New Year, central bank lets loose $115bn China’s central bank will lower the level of cash reserves that commercial lenders are required to maintain, hoping to stimulate loans to small businesses and avert any cash crunch during the Lunar New Year in late January. The 0.5 percentage-point cut […]

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports fter a pause for New Year’s, investor focus is on the British PMI releases for December, which are important gauges of key sectors in the economy. Later on Thursday, we’ll get a look at Final Manufacturing PMI, which is expected in at 47.6 pts. This is slightly […]

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December

Euro: USD/EUR (EUR=X) Manufacturing PMI data Softens in December The final reading of the Eurozone manufacturing PMI for December softened to 46.3 from 46.9 in the prior month. The figure was ahead of analysts’ expectations with the median forecast at 45.9. Chris Williamson of Markit, the company that produces the data, commented that despite the […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Stabilizes Against Japanese Yen The US dollar has rallied slightly against the Japanese yen during trading on Thursday, in what was a relatively quiet day. Ultimately, this is a market that should continue to see a lot of choppiness, but at this point I think it makes quite a […]

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle

Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle The Australian dollar pulled back just a bit during the trading session on Thursday, showing signs of exhaustion near the 0.70 handle as you would expect. This is a large, round, psychologically significant figure so there will be a lot of interest in […]

FTSE Bursa Malaysia KLCI (.KLSE) off 2020 on a positive note

FTSE Bursa Malaysia KLCI (.KLSE) off 2020 on a positive note

FTSE Bursa Malaysia KLCI (.KLSE) off 2020 on a positive note Bursa Malaysia kick-started the New Year on a positive note, as bargain hunters emerged on beaten-down stocks, said a dealer. At 10.30 a.m. today, there were 407 gainers, 213 losers and 324 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,596.05, […]

Singapore: STI Index (.STI) shares off to strong start for the year

Singapore: STI Index (.STI) shares off to strong start for the year

Singapore: STI Index (.STI) shares off to strong start for the year Investors were filled with new year optimism yesterday, giving 2020 a surprisingly buoyant start. Singapore’s Straits Times Index (STI) shot up by as much as 1 per cent at one stage before ending the session at 3,252, up 29.17 points or 0.9 per […]

Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next

Gold 1 OZ (XAU=X) prices could test $1,540/oz next Gold prices edged higher on Thursday as the dollar hovered near a six-month low hit on New Year’s Eve amid bets U.S. economic outperformance could be coming to an end. GMT, after having touched their highest since Sept. 25 at $1,525.20 on Tuesday. Bullion ended 2019 […]

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall

Silver 1 OZ 999 NY (XAG=X) Punches Above 18.00, Hits Wall Silver Punches Above 18.00, Hits Wall Silver recorded solid gains last week, climbing 3.3 percent. The upward swing has continued this week, with gains of close to one percent. For the month of December, silver was up an impressive 4.8 percent. So what’s wrong […]

Hong Kong: HANG SENG INDEX (.HSI) again proves itself to be the comeback town

Hong Kong: HANG SENG INDEX (.HSI) again proves itself to be the comeback town

Hong Kong: HANG SENG INDEX (.HSI) again proves itself to be the comeback town Hong Kong’s stock market was hammered by the US-China trade war, violent protests and the mainland’s economic slowdown. But it came roaring back, gaining 9.1 per cent in 2019 and keeping the crown as the world’s largest initial public offering market. […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open Australian shares are poised to catch an overseas New Year rally at the open, helped in part by a slide in the local currency. ASX futures were up 48 points or 0.7% to 6672 near 5.50am AEDT. The […]

Analyst Predicts Apple Inc. (NASDAQ:AAPL) Shares Will Fall Sharply Over 2020

Analyst Predicts Apple Inc. (NASDAQ:AAPL) Shares Will Fall Sharply Over 2020

Analyst Predicts Apple Inc. (NASDAQ:AAPL) Shares Will Fall Sharply Over 2020 Although Apple was the 2019 star of the Dow Jones Industrial Average, tech investor Paul Meeks calculates that the stock is worth much less than $290 a share. “I value the company at about $170 a share, believe it or not,” Meeks, the portfolio […]

NASDAQ Composite (.IXIC) glitters in a $7t glow

NASDAQ Composite (.IXIC) glitters in a $7t glow

NASDAQ Composite (.IXIC) glitters in a $7t glow In a decade of extreme wealth creation in markets, few assets did more to enrich investors than stocks in the Nasdaq 100 Index. Their combined value jumped by more than $7 trillion, ending with the best year since the bull run began. Powered by a near-doubling in […]

Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.”

Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.”

Facebook, Inc. (NASDAQ:FB) announced it took down the accounts for “inauthentic behavior.” Facebook has been regularly removing fake accounts in its fight against disinformation, but the company’s latest announcement presented a twist — artificially generated profile pictures. Facebook recently announced that it had taken down a network of accounts for “inauthentic behavior” (i.e. accounts assuming […]

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.Global benchmark. Brent crude futures, were up 22 cents, or 0.3%, […]

Bitcoin: USD/BTC (BTC=X) A break of the initial $7700 resistance should open the way for more gains

Bitcoin: USD/BTC (BTC=X) A break of the initial $7700 resistance should open the way for more gains

Bitcoin: USD/BTC (BTC=X) A break of the initial $7700 resistance should open the way for more gains The cryptocurrency market gained an impressive 85% in 2019 after a subdue 2018. The yearly high was set in June when the market peaked at more than $389 billion. At the beginning of 2020, we are presented with […]

Microsoft Corporation (NASDAQ:MSFT) 2020 Outlook

Microsoft Corporation (NASDAQ:MSFT) 2020 Outlook

Microsoft Corporation (NASDAQ:MSFT) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 101.43. The projected upper bound is: 172.92. The projected lower bound is: 146.68. The projected closing price is: 159.80. Candlesticks A white body […]

PayPal Holdings, Inc. (NASDAQ:PYPL) 2020 Outlook

PayPal Holdings, Inc. (NASDAQ:PYPL) 2020 Outlook

PayPal Holdings, Inc. (NASDAQ:PYPL) 2020 Outlook Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 106.35. The projected upper bound is: 113.60. The projected lower bound is: 103.02. The projected closing price is: 108.31. Candlesticks A white body occurred (because prices closed higher than they opened). During […]

Intel Corporation (NASDAQ:INTC) 2020 Outlook

Intel Corporation (NASDAQ:INTC) 2020 Outlook

Intel Corporation (NASDAQ:INTC) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 68.35. The projected lower bound is: 52.39. The projected closing price is: 60.37. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

eBay Inc. (NASDAQ:EBAY) 2020 Outlook

eBay Inc. (NASDAQ:EBAY) 2020 Outlook

eBay Inc. (NASDAQ:EBAY) 2020 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 43.50. The projected lower bound is: 29.05. The projected closing price is: 36.27. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles and 5 […]

First Winner for Vancouver

First Winner for Vancouver

New Year’s Day racing at Randwick produced the first winner for exciting young sire Vancouver with the success of Tulloch Lodge debutant Vangelic (2f Vancouver x Angel Bee, by Pins), who was the equal most expensive lot by her sire at the 2019 Magic Millions Gold Coast Yearling Sale. Nash Rawiller had Vangelic travelling sweetly […]

The Most Anticipated Hotel and Resort Openings in Asia in 2020

The Most Anticipated Hotel and Resort Openings in Asia in 2020

Banyan Tree Krabi Singapore-based Banyan Tree Holdings Ltd, one of Asia’s foremost luxury hotel groups, has announced plans to open a new resort in Krabi in the second quarter of 2020. Currently under development in a serene location on Tubkaek Beach, a scenic 45-minute drive from Krabi Airport, Banyan Tree Krabi fronts powdery white sands […]

New G2 Winner for Pierro

New G2 Winner for Pierro

A $1,050,000 Inglis Easter purchase for Hermitage Thoroughbreds Pty Ltd / Wexford Stables / Andrew Williams Bloodstock from the Coolmore draft, exciting three year-old Dragon Leap (3g Pierro x Pontiana, by Redoute’s Choice) stamped his New Zealand Derby credentials with his winning effort in the Group II Jamieson Park Auckland Guineas (1600m) at Ellerslie on […]

Will the UK FTSE 100 (.FTSE) smash the 8,000 barrier this year? Some markets watchers think it’s on the cards

Will the UK FTSE 100 (.FTSE) smash the 8,000 barrier this year? Some markets watchers think it’s on the cards

Will the UK FTSE 100 (.FTSE) smash the 8,000 barrier this year? Some markets watchers think it’s on the cards The FTSE 100 index could smash through the 8000 mark for the first time this year, according to stock market experts. Having risen by 12.1 per cent in 2019 and 39.3 per cent in the […]

Why Canadian Dollar: USD/CAD (CAD=X) may struggle this year

Why Canadian Dollar: USD/CAD (CAD=X) may struggle this year

Why Canadian Dollar: USD/CAD (CAD=X) may struggle this year The Canadian dollar may struggle in 2020 to top its stellar performance from this year. That’s the message from the global head of foreign-exchange strategy at Credit Suisse who expects the tailwinds seen in 2019 to fade. While risk-sensitive currencies like the loonie should perform well […]

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery The British pound was one of the strongest major currencies in 2019, advancing roughly 4% against the greenback this year. The Canadian dollar is on pace for the top-performing major currency spot in 2019. It has outpaced Sterling by just a fraction of a percent. Much […]

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally

Euro: USD/EUR (EUR=X) Needs to Hold 1.1209 to Sustain Short-Covering Rally The Euro finished higher against the U.S. Dollar on Tuesday as investors continued to express optimism in the growth prospects of the global economy amid the easing of tensions between the United States and China. Although the Euro is rising, it’s actually the weaker […]

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels

Japanese Yen: USD/JPY (JPY=X) breaking to 109.00 will motivate the bears to move the pair to lower levels The weakening of the US dollar and the renewed global trade and geopolitical tensions were catalysts for the USD/JPY pair to correct lower towards the 108.62 support, its lowest in more than two weeks. And with investor’s […]

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone

Australian Dollar: USD/AUD (AUD=X) Trader Reaction to .6995 Set Today’s Tone The Australian Dollar is grinding higher on Tuesday in another holiday thinned session. The catalyst behind the move is the news that China’s manufacturing sector managed to stay in expansion territory this month. China’s official Purchasing Managers index was 50.2, a tick above the […]

Singapore: STI Index (.STI) ends 2019 in the black after roller-coaster year

Singapore: STI Index (.STI) ends 2019 in the black after roller-coaster year

Singapore: STI Index (.STI) ends 2019 in the black after roller-coaster year Analysts eyeing catch-up rally in the new year should trade and manufacturing recover Stocks slipped globally in quiet New Year’s Eve trading Tuesday with many markets closed. Wall Street could close 2019 with back-to-back daily losses in a year that the U.S. posted […]

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops

Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops Gold prices moved higher as the dollar continued to ease, and an Iranian-backed militia tried to storm the US Embassy in the Iraqi capital Tuesday. This comes from an intensifying backlash against the US after it conducted deadly strikes on the group. US short term […]

Hong Kong: HANG SENG INDEX (.HSI) worries are still hanging over the city after its economy plunged into recession

Hong Kong: HANG SENG INDEX (.HSI) worries are still hanging over the city after its economy plunged into recession

Hong Kong: HANG SENG INDEX (.HSI) worries are still hanging over the city after its economy plunged into recession After a year framed by local unrest and the U.S.-China trade war, investors in Hong Kong’s financial markets are more sanguine going into 2020. The city’s Hang Seng Index has rallied 7.1% in December, among the […]

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value While Forex traders were cheering the Australian Dollar’s breakout above the psychological 70 cents level on Tuesday, there was a bloodbath in the Australian stock market as traders swamped the Australian Stock Exchange with sell orders on the final […]

Electronic Arts Inc. (NASDAQ:EA) 2020 Outlook

Electronic Arts Inc. (NASDAQ:EA) 2020 Outlook

Electronic Arts Inc. (NASDAQ:EA) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 101.93. The projected upper bound is: 110.42. The projected lower bound is: 103.84. The projected closing price is: 107.13. Candlesticks A big […]

Costco Wholesale Corporation (NASDAQ:COST) 2020 Outlook

Costco Wholesale Corporation (NASDAQ:COST) 2020 Outlook

Costco Wholesale Corporation (NASDAQ:COST) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 202.61. The projected upper bound is: 328.30. The projected lower bound is: 267.71. The projected closing price is: 298.00. Candlesticks A black […]

Cisco Systems, Inc. (NASDAQ:CSCO) 2020 Outlook

Cisco Systems, Inc. (NASDAQ:CSCO) 2020 Outlook

Cisco Systems, Inc. (NASDAQ:CSCO) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 55.51. The projected lower bound is: 40.42. The projected closing price is: 47.96. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]

Delta Air Lines, Inc. (NYSE:DAL) 2020 Outlook

Delta Air Lines, Inc. (NYSE:DAL) 2020 Outlook

Delta Air Lines, Inc. (NYSE:DAL) 2020 Outlook Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 57.37. The projected upper bound is: 60.56. The projected lower bound is: 56.97. The projected closing price is: 58.77. Candlesticks A black body occurred (because prices closed lower than they opened). […]

The Boeing Company (NYSE:BA) 2020 Outlook

The Boeing Company (NYSE:BA) 2020 Outlook

The Boeing Company (NYSE:BA) 2020 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 349.93. The projected upper bound is: 345.64. The projected lower bound is: 305.46. The projected closing price is: 325.55. Candlesticks A black […]

Baidu, Inc. (NASDAQ:BIDU) 2020 Outlook

Baidu, Inc. (NASDAQ:BIDU) 2020 Outlook

Baidu, Inc. (NASDAQ:BIDU) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 117.69. The projected upper bound is: 134.99. The projected lower bound is: 118.34. The projected closing price is: 126.66. Candlesticks A white body […]

Activision Blizzard, Inc. (NASDAQ:ATVI) 2020 Outlook

Activision Blizzard, Inc. (NASDAQ:ATVI) 2020 Outlook

Activision Blizzard, Inc. (NASDAQ:ATVI) 2020 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 74.63. The projected lower bound is: 44.09. The projected closing price is: 59.36. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and […]

Netflix, Inc. (NASDAQ:NFLX) 2020 Outlook

Netflix, Inc. (NASDAQ:NFLX) 2020 Outlook

Netflix, Inc. (NASDAQ:NFLX) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 406.73. The projected lower bound is: 248.49. The projected closing price is: 327.61. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

Amazon.com, Inc. (NASDAQ:AMZN) 2020 Outlook

Amazon.com, Inc. (NASDAQ:AMZN) 2020 Outlook

Amazon.com, Inc. (NASDAQ:AMZN) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 2,191.24. The projected lower bound is: 1,551.38. The projected closing price is: 1,871.31. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

Apple Inc. (NASDAQ:AAPL) 2020 Outlook

Apple Inc. (NASDAQ:AAPL) 2020 Outlook

Apple Inc. (NASDAQ:AAPL) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 350.87. The projected lower bound is: 243.13. The projected closing price is: 297.00. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly […]

NASDAQ Composite (.IXIC) 2020 Outlook

NASDAQ Composite (.IXIC) 2020 Outlook

NASDAQ Composite (.IXIC) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 5,271.32. The projected upper bound is: 10,190.26. The projected lower bound is: 7,955.44. The projected closing price is: 9,072.85. Candlesticks A white body […]

Dow Jones Industrial Average (.DJI) 2020 Outlook

Dow Jones Industrial Average (.DJI) 2020 Outlook

Dow Jones Industrial Average (.DJI) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 33,432.15. The projected lower bound is: 24,598.60. The projected closing price is: 29,015.38. Candlesticks A big white candle occurred. This is generally considered bullish, as prices […]

Alibaba Group Holding Limited (NYSE:BABA) 2020 Outlook

Alibaba Group Holding Limited (NYSE:BABA) 2020 Outlook

Alibaba Group Holding Limited (NYSE:BABA) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 181.46. The projected upper bound is: 236.43. The projected lower bound is: 191.63. The projected closing price is: 214.03. Candlesticks A […]

Alphabet Inc. (NASDAQ:GOOG) 2020 Outlook

Alphabet Inc. (NASDAQ:GOOG) 2020 Outlook

Alphabet Inc. (NASDAQ:GOOG) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1,204.24. The projected upper bound is: 1,438.36. The projected lower bound is: 1,243.43. The projected closing price is: 1,340.90. Candlesticks A black body […]

Tesla, Inc. (NASDAQ:TSLA) 2020 Outlook

Tesla, Inc. (NASDAQ:TSLA) 2020 Outlook

Tesla, Inc. (NASDAQ:TSLA) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 308.34. The projected upper bound is: 473.09. The projected lower bound is: 360.81. The projected closing price is: 416.95. Candlesticks A black body […]

Twitter, Inc. (NYSE:TWTR) 2020 Outlook

Twitter, Inc. (NYSE:TWTR) 2020 Outlook

Twitter, Inc. (NYSE:TWTR) 2020 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 37.97. The projected lower bound is: 26.04. The projected closing price is: 32.01. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Facebook, Inc. (NASDAQ:FB) 2020 Outlook

Facebook, Inc. (NASDAQ:FB) 2020 Outlook

Facebook, Inc. (NASDAQ:FB) 2020 Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 180.90. The projected upper bound is: 223.19. The projected lower bound is: 187.80. The projected closing price is: 205.50. Candlesticks A black body […]

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease

United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday. American crude […]

Ethereum: USD/ETH (ETH=) Remains Biggest Gainer of Dapps in 2019

Ethereum: USD/ETH (ETH=) Remains Biggest Gainer of Dapps in 2019

Ethereum: USD/ETH (ETH=) Remains Biggest Gainer of Dapps in 2019 Ethereum (ETH) saw the strongest growth in its distributed app ecosystem, breaking the expectations that other projects would displace it. It turned out the primacy of Ethereum was not so easy to dispute, and novel networks promising better and cheaper computation were actually empty, hosting […]

UK FTSE 100 (.FTSE) ends 11-day run of growth as traders cash in

UK FTSE 100 (.FTSE) ends 11-day run of growth as traders cash in

UK FTSE 100 (.FTSE) ends 11-day run of growth as traders cash in The London Stock Exchange’s blue chip index ended its Christmas rally of 11 straight days of growth by turning red on Monday – the final full day’s trading in 2019. Analysts and experts predicted the downturn came as investors started cashing in […]

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward The British pound has rallied a bit during the trading session on Monday, continuing to follow through from the massive move on Friday. That being said, it is running into a little bit of resistance, and therefore a slight pullback makes quite a bit […]

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure

Euro: USD/EUR (EUR=X) Struggles At Major Round Figure The Euro broke higher during the trading session on Monday, breaking above the 1.12 level momentarily. At this point, the market is likely to go back and forth in this area, and perhaps do very little due to the fact that New Year’s Day is Wednesday. However, […]

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again

Australian Dollar: USD/AUD (AUD=X) Powers Higher Again The Australian dollar rallied a bit during the trading session on Monday, reaching towards the 0.70 level, a psychologically important figure to say the least. That being said though, although we have had a massive breakout to the upside it’s likely that we need a bit of a […]

Singapore: STI Index (.STI): Investors focusing on Singapore flash Q4, full-year GDP data

Singapore: STI Index (.STI): Investors focusing on Singapore flash Q4, full-year GDP data

Singapore: STI Index (.STI): Investors focusing on Singapore flash Q4, full-year GDP data As 2019 comes to a close, market activity is likely to remain tepid with traders still making their return from their holiday break. That said, liquidity in the region’s markets will likely pick up towards the end of the week, with the […]

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months Gold prices clinched a 5-day win streak, its longest in about 6 months, while settling near a three-month high as investors got ready for the end of 2019 with one day remaining in trade. Bullion’s value has been partially […]

Silver 1 OZ 999 NY (XAG=X) Gains Ground

Silver 1 OZ 999 NY (XAG=X) Gains Ground

Silver 1 OZ 999 NY (XAG=X) Gains Ground Silver prices moved considerably higher during Christmas week, posting gains of 3.4 percent and testing the symbolic 18.00 level. This marked silver’s best week since late August. Equity markets and precious metals are enjoying late-year rallies. Silver and gold, which are safe-haven assets metals, often weaken when risk […]

Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper

Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper

Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper The Hang Seng Index rose to its highest level in five months Monday, as traders bought up property stocks that have lagged the overall market due to protests that have rocked the city since June. Hong […]

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year Australian shares are poised to open lower in the final trading day of the year. ASX futures were down 61 points or 0.9% to 6680 near 7am AEDT. The local currency edged 0.3% higher to top US70¢. Through Monday’s close, the S&P/ASX 200 […]

Can Alibaba Group Holding Limited (NYSE:BABA) Stock Continue Its Powerful Breakout in 2020?

Can Alibaba Group Holding Limited (NYSE:BABA) Stock Continue Its Powerful Breakout in 2020?

Can Alibaba Group Holding Limited (NYSE:BABA) Stock Continue Its Powerful Breakout in 2020? It has been a mixed run for Alibaba (NYSE:BABA) and it’s hard to put all the blame on the company. It’s my view that Alibaba stock doesn’t get enough love as it is, but the trade war between the U.S. and China […]