Facebook, Inc. (NASDAQ:FB) admits conversations were recorded but says it will no longer do so Facebook has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to sources. The work has rattled the contract employees, who are not told where the audio was recorded or how it […]
Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature The biggest problem with Twitter? The product never changes. That’s what analyst Nate Elliott said back in 2015 when the microblogging social network was under tremendous pressure to show Wall Street it was capable of user growth. […]
Tesla, Inc. (NASDAQ:TSLA) loss of executives from critical positions and quick departures by external hires have been “worrisome” Tesla Inc.’s executive turnover is higher than major Silicon Valley-based technology companies and is particularly acute among those reporting to Chief Executive Officer Elon Musk, according to a Bernstein analyst. The electric-car maker has been changing over […]
$ATVI, $AZN, $FSLY, $RACE, $HOLX, $WWE Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Thursday, as follows: Activision Blizzard Inc. (NASDAQ:ATVI) was reiterated as Market […]
Dow Jones Industrial Average (.DJI) fell 800 points on Wednesday, its biggest one-day fall this year The Dow Jones Industrial Average fell 800 points on Wednesday, its biggest one-day fall this year, after data showed world economic growth slowing further, undermined by President Trump’s trade protectionism, leading the U.S. Treasury yield curve to invert and […]
NASDAQ Composite (.IXIC) volatility has been rampant amid the ongoing trade war uncertainty The Nasdaq 100 traded lower on Wednesday alongside a troubled Dow Jones and S&P 500. While all three indices fell under pressure, the Nasdaq enjoys a bounty of technical support nearby relative to the other indices. Paramount among these levels is the […]
Macy’s, Inc. (NYSE:M) tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates Macy’s plunged as much as 18% Wednesday after reporting second-quarter earnings that fell short of analyst estimates. The department store also cut its full-year profit projections. The share losses marked the lowest intraday levels since 2000 for Macy’s. The company’s CEO […]
Alibaba Group Holding Limited (NYSE:BABA) set to report its June quarter results Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability, however, is likely to be improved. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion […]
United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears Oil prices sank 3% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude dropped 3.2%, to $59.36 a […]
The Tariff Threat to Apple Inc. (NASDAQ:AAPL) Stock Is Real Headline risk is a tricky thing for an investor. Sometimes the headlines in the media are real issues that affect the real value of a company. Other times, they are just clickbait that spooks traders in the near term. But when it comes to the […]
CBS Corporation (NYSE:CBS) stock heads for worst day in 8 years CBS Corp.’s pending reunification with Viacom Inc. is eliciting strong reactions on Wall Street, with at least two analysts downgrading CBS’s stock after the merger announcement and one upgrading it. The most dramatic move came from Bernstein’s Todd Juenger, who bumped his rating on […]
NVIDIA Corporation (NASDAQ:NVDA) due to report its fiscal second-quarter earnings after the market close Here is a snapshot of Wall Street’s expectations and some recent history. • Nvidia stock (ticker: NVDA) has risen about 17% this year, versus the S&P 500 index, which has gained nearly 17%, and the Nasdaq Composite, which has rallied roughly 21%. • […]
Cuban independent artists have launched a challenge #TheFlagBelongsTo All” (#LaBanderaEsDeTodos) to counter the government’s latest form of censorship, which prohibits Cubans from wearing the national flag as a sign of political protest. After the Cuban government’s recent escalation of repression–including the forced disappearance of artist Luis Manuel Otero Alcántara–supporting artists of the San Isidro Movement […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat, Crude Oil Off, Stocks Off Headlines JPY holds gains, traders seek safety Crude Oil prices steady after big fall on recession concerns, inventory rise Stocks feel pain, as bond markets talk recession Gold gains as recession fears drive safe-haven demand Gold: Gold prices rose […]
$XAU $USD $CHY China has severely restricted imports of gold since May, industry sources with direct knowledge of the matter told Reuters. The move may be aimed at curbing outflows of USDs and bolstering its RMB Yuan currency as economic growth slows. China has cut shipments by some 300-500 tonnes compared with last year – […]
China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]
Bitcoin: USD/BTC (BTC=X) short term outlook remains a volatile one The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. On August 14, beginning at 12:00 UTC, BTC began to fall sharply from $10,862 to as low as […]
Ethereum: USD/ETH (ETH=) price on a bear roller to $181 Ethereum price analysis reveals that Ethereum (ETH) prices have been on a rollercoaster since August 6 when it reached two hundred and forty dollars ($240) high that was followed by a decline. The decline that started on the same day had more far-reaching consequences. On […]
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, […]
Siblings to graded stakes winners Valid Point, Got Stormy and Café Americano cataloged for Keeneland September Sale Keeneland September Yearling Sale graduates Bricks and Mortar, Valid Point and Got Stormy scored impressive Grade 1 wins to headline weekend racing. Bricks and Mortar dominated the Arlington Million (G1) to earn an automatic berth in the Breeders’ Cup Turf (G1) on Nov. […]
Office sharing startup WeWork will be going public after its parent company filed papers Wednesday for a stock sale, despite losing money amid rapid expansion. The We Company will trade under the “WE” ticker, but officials declined to say how much they intend to raise with the share offering. Some news reports estimated the sum […]
Robert Ng’s 4-year-old Romanised (IRE), under jockey Billy Lee, powered down the final furlong to defeat Wertheimer and Frere’s 3-year-old Shaman (IRE) by one length in Sunday’s, one-mile Prix du Haras de Fresnay-Le Buffard – Jacques le Marois (G1) at Deauville, and gained an automatic berth into the TVG Breeders’ Cup Mile (G1) through the […]
Ten 3-year-old fillies line up Thursday, August 15 at Deauville for the Arqana Prix de Lieurey(Gr3), a mile race with a turn. Last year, the race went to Wind Chimes, a year after Lady Frankel, also trained by André Fabre. Wind Chimes went on to finish second in the Prix de Moulin de Longchamp (Gr1). As luck would have it, over […]
Coolmore stallions dominated the finish of Wednesday’s Listed Hurry Harriet Stakes at Gowran Park, where the Aidan O’Brien-trained Goddess (3f Camelot – Cherry Hinton, by Green Desert) gained a well-deserved maiden Stakes success. An impressive 10 length winner of a Leopardstown maiden last season, the bay was last seen finishing second in the Group 2 Kilboy Estate Stakes over […]
The third major event on this holiday Thursday’s program in Deauville, the Prix Gontaut-Biron Hong Kong Jockey Club (Gr3) is open to aged horses over 1m2f. Leading performers such as Vision d’État, Cirrus des Aigles, New Bay and Talismanic who won the event recently. The race conditions allow former top performers to run at level weight as long as they didn’t win or […]
$RACE Ok, sure, buying an auto stock in a downturn seems counter-intuitive, but it works if you are buying Ferrari (NYSE:RACE). The stock is up big YTD and we see additional gains ahead for the Italian maker of iconic Supercars. Goldie analyst George Galliers upgraded shares of the Italian car company to Buy from Neutral, the equivalent of Hold, with […]
The famed Shibuya district in Tokyo, long Tokyo’s center of youth fashion, pop-culture, and music, has been in a state of dramatic evolution since the late 1800s when it was just a sleepy suburb of downtown Tokyo. For the last 100+ years, due to easy access to major transport lines and inimitable youthful energy radiating in the streets, Shibuya […]
Mahanakhon Bangkok SkyBar, Thailand’s highest restaurant and bar is now open on the 76th and 77th floor of Bangkok’s landmark destination, King Power Mahanakhon. Mr. Marc Begassat, Managing Director of King Power Mahanakhon, said: “Following the successful launch of Thailand’s highest observation deck last November, it is a pleasure to announce the opening of Mahanakhon […]
It was 34 years ago that Willie Nelson, Neil Young and John Mellencamp came together in Champagne, IL for the first Farm Aid. Responding to the rise in bankruptcies and foreclosures of family farms in the 80s, they wanted to raise awareness and funds to help farmers in crisis. Over the decades, Farm Aid has grown into an organization providing […]
Bitcoin: USD/BTC (BTC=X) struggling to elevate itself above $11,600 Following months of wildly erratic volatility, which saw the world’s dominant cryptocurrency experience some of the most dramatic peaks and troughs in its ten-year history, it entered August with an apparent determination to flatline. While treating this as welcome respite from a spell of immense unpredictability, […]
FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil The FTSE Bursa Malaysia KLCI (FBM KLCI), Malaysia’s gauge of the 30 largest stocks, closed below the critical 1,600 level yesterday as global markets roiled amid ongoing protests in Hong Kong, fears of a protruded US-China trade war and a crash […]
DAX PERFORMANCE-INDEX (.GDAXI) maintaining the zone of resistance established last week The picture here is very similar to the FTSE 100, as the DAX fails to move through 11,800, maintaining the zone of resistance established last week. Further declines head to 11,540 and 11,340. The low from last week mirrors the bounce from this zone in late […]
UK FTSE 100 (.FTSE) tumbled to its lowest in more than two months after the yields on 10-year U.S. and UK government bonds fell Britain’s FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year U.S. and UK government bonds fell below two-year equivalents for the first […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, President Trump targeted Fed policy as the reason for this recent market turmoil. In raising interest rates 4X last year “the Federal Reserve acted far too quickly, and now is very, very late,” in reversing itself and cutting borrowing costs, President Trump tweeted. “Too bad, so much to gain on […]
Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country’s’ economic health. The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index […]
New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies The New Zealand Dollar is trading flat early Wednesday with prices continuing to flatline around the mid-point of the August 7 wide-range trading session. That was the day that the Reserve Bank of New […]
Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted The US dollar broke down a bit during the trading session on Wednesday, dropping from the ¥107 level. This is an area that was previous support, so the fact that it has offered resistance should not be a huge surprise. With that in mind I believe that […]
Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major US indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time […]
Hong Kong: Hang Seng Index (.HSI) trimmed gains as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city. The Hang Seng […]
British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts The pound US dollar exchange rate is holding steady, with the pairing fluctuating around $1.205. UK inflation figures for July beat forecasts, rising from 2.0 percent to 2.1 percent – overshooting the Bank of England’s (BoE) 2 percent target. However, the year-on-year Retail Prices […]
Canadian Dollar: USD/CAD (CAD=X) retracement continues It was a month ago now that USD/CAD had bottomed-out. While the pair had spent much of the prior 17 months trending-higher, sticking to a bullish trendline for much of the time, the month of June brought a strong change of pace as the US Dollar fell while the Canadian Dollar […]
Silver 1 OZ 999 NY (XAG=X) moderately higher amid heightened concerns about slowing world economic growth Gold and silver prices are moderately higher in early U.S. trading Wednesday. Safe-haven demand continues to be featured for the two precious metals at mid-week, amid heightened concerns about slowing world economic growth. Geopolitics also remains close to the front burner of […]
Singapore: STI Index (.STI) may bounce back Market is seen opening higher tracking strong leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell. The all-India general Consumer Price Index (CPI) […]
Euro: USD/EUR (EUR=X) Choppy As Recession Indicators Flash Red The Euro to US Dollar (EUR/USD) exchange rate has had a turbulent few sessions to say the least with price action – albeit confined to a $1.116 to $1.124 range – choppy over the last week amid mixed economic signals from both the US and Eurozone […]
Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure The Australian dollar initially tried to rally during the trading session on Wednesday, but then broke down significantly to reach towards the bottom of the recent consolidation. That being said, it looks as if the Australian dollar is going to continue to reach […]
NASA Administrator Jim Bridenstine, joined by U.S. Representatives Mo Brooks, Robert Aderholt, Scott DesJarlais and Brian Babin, will discuss updates on the agency’s plans for landing humans on the Moon by 2024 through the Artemis program at 3:10 p.m. EDT Friday, Aug. 16. The remarks will air live on NASA Television and the agency’s website. From the agency’s Marshall Space Flight Center in Huntsville, Alabama, Bridenstine will discuss […]
$AAPL, $GOLD, $BE, $CWCO, $DHI, $KBH, $WLH Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Wednesday, as follows: Apple Inc. (NASDAQ:AAPL) was maintained as Outperform […]
Tesla, Inc. (NASDAQ:TSLA) has got something no one else in the auto world has Tesla (NASDAQ:TSLA) stock is down 30% in 2019. However, in 2018, TSLA stock rose 6.9%, which was better than most of the other major auto stocks. Yet TSLA continues to face an ongoing battle for survival. It seems not a day goes by when someone […]
United States Oil (USO) fell after industry data showed U.S. crude inventories unexpectedly rose last week Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. The move […]
Alibaba Group Holding Limited (NYSE:BABA) investors digest the implications of the trading war between the U.S. and China Wall Street is eagerly awaiting Alibaba’s (BABA) Thursday morning earnings, as investors digest the implications of the trading war between the U.S. and China. The Chinese e-commerce giant has been battling the trade war, which plays a […]
Amazon.com, Inc. (NASDAQ:AMZN) now trading near a trio of trendlines that have marked attractive entry points for a long trade in the past It’s been a rough August for the U.S. stock market, with the tech sector taking a notable hit on escalating U.S.-China trade rhetoric. This weakness may have created buying opportunities among individual names, […]
NASDAQ Composite (.IXIC) end higher amid trade optimismBouncing back from the steep losses of the previous day, US stocks closed higher, as the market was supported by easing US-China trade tensions. The Dow Jones Industrial Average increased 372.54 points, or 1.44 percent, to 26,279.91 on Tuesday. The S&P 500 was up 42.57 points, or 1.48 […]
Donald Trump’s easing of tariffs sent the Dow Jones Industrial Average (.DJI) higher News that Donald Trump would delay the imposition of tariffs on some Chinese goods sent the Dow Jones rocketing today. Beware, though, because it’s a head fake before the inevitable crash. The Dow Jones Industrial Average rose 372 points to 26,280, an increase of 1.44 percent on […]
What the China tariffs mean for Apple Inc (NASDAQ:AAPL) It looks like Apple Opens a New Window. is, at least for the time being, dodging a bullet in the trade war between the U.S. and China Opens a New Window.. The U.S. Trade Representative on Tuesday announced the 10 percent tariff Opens a New Window. that was set to hit $300 […]
Alphabet Inc. (NASDAQ:GOOG) Traders See Price Errors at Close Apple Inc., Google-parent Alphabet Inc. and other major stocks had a bizarre last few minutes of trading Tuesday, as data glitches hampered U.S. markets for a second day. The drama came at the close, following a day in which Apple had calmly traded above $208 for […]
Ethereum: USD/ETH (ETH=) struggling to correct higher above the $215 resistance In the past few sessions, there was a steady decline in ETH price from the $216 resistance against the US Dollar. More importantly, bitcoin price gained bearish momentum and declined towards the $10,500 bearish target (as discussed in the weekly forecast). However, Ether’s price […]
Facebook, Inc. (NASDAQ:FB) paying hundreds of outside contractors to transcribe clips of audio from users of its services Facebook Inc. has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not […]
Chipotle Mexican Grill (NYSE: CMG) announced today that over 2,600 employees across 135 restaurants qualified to earn up to an extra week of pay as a result of its newly announced crew bonus program. If restaurant teams meet certain criteria such as predetermined sales as well as cashflow and throughput goals every quarter, they’ll have the opportunity […]
Bitcoin: USD/BTC (BTC=X) needs to break above $13,200 to revive the stalled bull market Bitcoin (BTC) now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests. The top cryptocurrency by market value created an “inside bar” pattern in July, with the monthly high and low of $13,200 […]
JD.com, Inc. (NASDAQ:JD) surges after the China-based e-commerce company reported second-quarter earnings that beat expectations Shares of JD.com Inc. JD, +12.89% surged 6.7% in active premarket trading Tuesday, after the China-based e-commerce company reported second-quarter earnings that beat expectations. Trading volume topped 1.3 million shares, making the stock the most actively traded ahead of the open. The company […]
NASA has selected two proposals for concept studies that could help us better understand the fundamental nature of space and how it changes in response to planetary atmospheres, radiation from the Sun, and interstellar particles. The proposals will advance NASA’s heliophysics program and could lead to better protection for both technology and humans as we travel farther […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian stocks like President Trump’s delay of some China tariffs Crude Oil prices fall as China economic data disappoints Gold prices slip, President Trump’s trade concession boosts equities USD’s advance stalled as the sharp rise in US yields […]
US consumer prices increased in July, but the signs of acceleration in inflation will likely do little to change market expectations that the Fed will cut interest rates again in September, October and December due trade tensions with China The US Labor Department Tuesday lowered the chances that the Fed would cut rates by half […]
Hong Kong’s airport resumed operations Wednesday, rescheduling hundreds of flights that had been disrupted over the past 2 days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city. And rumors of China’s troops assembling at the Mainland border. Police condemned violent acts by protesters overnight and said on Wednesday a […]
A horse rated one of the better older stayers in Ireland has figured in a sale to Australian interests and will be set for a spring Cups campaign. Prominent syndicator Australian Bloodstock has bought a controlling interest in Mustajeer, a seven-year-old to southern hemisphere time who has been sparingly raced for his age. Mustajeer has […]
Step Up In Trip Sparks Arthur’s Court Win A step up in trip saw the Hugo Palmer-trained Arthur’s Court (2c Camelot – Logjam, by Royal Academy) gain his maiden win at Windsor on Monday evening. Placed last time out over seven furlongs, he was given a hold-up ride on his first start over a mile, as James Doyle waited […]
$RACE Ferrari’s (NYSE:RACE) team manager Mattia Binotto says there is no reason to change Ferrari drivers. Mattia Binotto says Ferrari will head into Y 2020 with an unchanged driver lineup. There has been high speculation about the future of Sebastian Vettel, with the latest theory being that he could return to Red Bull Racing next […]
$XAU, $GLD, $USD The gold bears have finally bowed under the weight of fiscal and geopolitical catalysts, from Fed hints to the brewing conflict with Iran. But there is a Key trend that stands to push gold up beyond $1,700 regardless of the daily events. Of course, it’s difficult for the bears to ignore this […]
Anniversaries, traditionally, are a time for reflection. But Vietnam’s top rated golf course, The Bluffs Ho Tram Strip, is is fixed on the future as it celebrates its 5th birthday this year. Since opening in 2014, the Greg Norman-designed course has helped raise the bar for the game in Vietnam in a number of ways. […]
Singapore: STI Index (.STI) headed for its weakest annual growth rate in a decade Singapore is headed for its weakest annual growth rate in a decade. It’s blaming its troubles on the US-China trade war. The country warned Tuesday that economic growth could fall to 0% this year. Previously, it predicted its economy would grow […]
Australia: S&P/ASX 200 (ASX:.AXJO) on track for a strong open Shares in New York surged, paced by Apple, as the US said it would delay imposing tariffs on some Chinese products. That bolstered risk sentiment and puts the ASX on track for a strong open. ASX futures were up 32 points or 0.5% to 6524 […]
New Zealand Dollar: NZD/USD (NZD=X) breaches 2019 support shelf, challenging 2018 bottom The New Zealand Dollar extended lower after breaking the bounds of the upswing from mid-June, pushing below the support shelf in the 0.6482-96 area to challenge the October 2018 low at 0.6425. A daily close underneath that exposes the January 2016 bottom at 0.6348 next. […]
Japanese Yen: USD/JPY (JPY=X) Retail trade data shows that 71% of traders are net-long USD/JPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.49 to 1. In fact, traders have remained net-long since May 03 when USD/JPY traded near 111.977; price has moved 6.1% lower since then. […]
British Pound: USD/GBP (GBP=X) sees tepid gains, to remain heavy The latest UK labour market data has beaten expectations, and should provide Sterling with some short-term support but we remain of the view any strength in the currency should ultimately remain limited in nature. According to the ONS, Average Earnings – excluding bonuses – read […]
DAX PERFORMANCE-INDEX (.GDAXI) sell-off expected to gather pace The DAX has similarly turned lower, with the break below 11,748 paving the way for a bearish decline. We have seen that bearish picture develop since then, and with prices forming continued lower highs and lower lows, it looks like we could see further selling come into play. A […]
FTSE Bursa Malaysia KLCI (.KLSE) remains in the red Bursa Malaysia remained in the red across board at mid-morning due to continuous sell-offs, mainly involving banking stocks. At 11.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 18.60 points to 1,596.45 from Friday’s close close of 1,615.05. The benchmark index opened 0.20 points easier at […]
Silver 1 OZ 999 NY (XAG=X) posting good gains Gold and silver prices are posting good gains in early U.S. trading Tuesday, with gold notching a six-year high and silver at a 1.5-year high. Safe-haven demand for the two precious metals is featured early this week, as protesting and civil unrest in Hong Kong has escalated. There are […]
Gold 1 OZ (XAU=X) notching a six-year high Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
Australian Dollar: USD/AUD (AUD=X) traders seem to be shrugging off concerns over U.S.-China trade relations The Australian Dollar is edging higher on Tuesday, bucking the weaker trend in the global financial markets. Traders also seem to be shrugging off concerns over U.S.-China trade relations that appear to be having a slightly negative effect on higher-risk […]
Euro: USD/EUR (EUR=X) possible headwinds ahead German services PMI slowed to 54.5 in July, down from 55.8 a month earlier. The eurozone indicator also lost ground, falling from 53.6 to 53.2. Germany’s industrial numbers were mixed. Factory orders jumped 2.5% in June, rebounding from a decline of 2.2% in May. However, industrial production posted a […]
Resort’s internships lead to two scholarships for local students to attend university KOH SAMUI, Thailand (August 13, 2019) — Lots of luxury hotels give back to their local communities these days, and none more so than Banyan Tree Samui. The Thai resort has been awarded a “Gold Certification” by EarthCheck, the world’s leading scientific watchdog […]
Shanghai: SSE Composite Index (.SSEC) stocks fall as bank lending disappoints Chinese shares fell on Tuesday after data showed banks extended fewer-than-expected new loans in July. The Shanghai Composite index closed down 0.6% at 2,797.26, while the blue-chip CSI300 index ended 0.9% lower. The smaller Shenzhen index ended down 0.7% and the start-up board ChiNext […]
UK FTSE 100 (.FTSE) higher and US shares headed north too as tensions eased over US/ China trade FTSE 100 closed the day higher and US shares headed north too as tensions eased over US/ China trade. Britain’s blue-chip index clocked off 24.18 points higher at 7,250.90. The mid-cap index FTSE 250 also rose – up […]
Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest In the still developing camp of potential USD-weakness scenarios, USD/CAD may soon become of interest. The pair was in a hard-bearish trend during June and the first-half of July, eventually finding support just above the 1.3000 handle. A bullish reversal then followed and that’s lasted pretty much ever […]
Hong Kong: Hang Seng Index (.HSI) protests spark capital outflow fears Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness. The Hang Seng Index .HSI fell 2.1% to 25,281.30 points on Tuesday, down 16% from the […]
Price of Bitcoin: USD/BTC (BTC=X) has been moving in the same direction as gold since June The correlation between bitcoin and gold has increased two times recently, writes Bloomberg. This measure over the past year is 0.496, but for the last three months it has spiralled up to 0.837. (A correlation coefficient of 1 indicates […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks rallied Tuesday after the White House announced that it will delay the 10% tariff rate for some items imported from China until 15 December. President Trump told reporters he wanted to delay the tariffs so consumers would not be hurt during the Christmas shopping season and said he […]
US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]
German investor confidence hit its lowest ebb in almost eight years in August, a survey by the ZEW institute showed Tuesday, sapped by trade and currency wars and the threat of a no-deal Brexit. The Mannheim-based researchers’ monthly barometer measuring investors’ economic expectations for Europe’s powerhouse economy plunged 19.6 points, to -44.1. That was far […]
Netflix, Inc. (NASDAQ:NFLX) has signed a multi-year deal with television writer-producers, David Benioff and D.B. Weiss, the names behind HBO’s popular show Game of Thrones Netflix NFLX has signed a multi-year deal with television writer-producers, David Benioff and D.B. Weiss, the names behind HBO’s popular show Game of Thrones. Per MarketWatch report, the deal, worth $200 million, […]
Ethereum: USD/ETH (ETH=) falls from 277 USD to 210 USD over the last 30 days Ethereum’s last 30 days have been full of struggles and downfalls. The coin has been dragged from 277 USD only to be traded around 210 USD in this same period. We will analyze Ethereum’s price movement over the last 30 days. […]
NASDAQ Composite (.IXIC) Futures Fall as Trade War Triggers Recession Fears U.S. stock futures plunged ahead of trading on Monday on concerns that the lingering trade war between the United States and China could push the global and domestic economies into a full-blown recession. The Dow lost around 150 points after Hong Kong International Airport […]
$FISV, $FULC, $GMAB, $HUM, $NEWR, $NWSA, $OKE, $SYMC, $UBER Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Tuesday, as follows: Fiserv Inc. (NASDAQ:FISV) was reiterated […]
Twitter, Inc. (NYSE:TWTR) Hovers Near Buy Point On Renewed Strength Twitter hovers near a buy point and recently broke out on a stronger-than-expected quarterly earnings report. Twitter has formed a very large and deep cup-with-handle base. That handle also qualifies as its own cup base, with a 41.02 proper buy point, according to IBD MarketSmith chart analysis. The 5% buy zone tops […]
Alphabet Inc. (NASDAQ:GOOG) advertising business as an umbrella term has masked the underlying drivers of business Looking under the hood of Google’s (NASDAQ: GOOG) businesses, we find that while the company’s distributed infrastructure has been beaten into shape to be sold as cloud, not much has been done with Google’s geo-services offerings or Google Maps. Over […]
Alibaba Group Holding Limited (NYSE:BABA) Strength in Core Commerce Business Alibaba Group Holding Limited BABA is set to report first-quarter fiscal 2020 results on Aug 15. In the last reported quarter, the Chinese e-commerce giant delivered a positive earnings surprise of 21.90%. The surprise history has been decent in Alibaba’s case. The company surpassed estimates in […]
Apple Inc. (NASDAQ:AAPL) new iPhones are coming next month It’s a bad time to buy an iPhone. There are several reasons to wait, but I want to be clear: This isn’t because Apple’s current iPhones are bad. They’re the best phones you can buy. But Apple almost always unveils its new iPhones in September, so you should […]
Dow Jones Industrial Average (.DJI) trade war fears just won’t go away Wall Street’s trade war anxiety isn’t going away. The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets. The turmoil comes as investors brace for the US-China trade war to […]
