Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals

Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals

Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals Hong Kong stocks rallied on Monday following key elections, aided by fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals. The Hang […]

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end The New Zealand Dollar is trading higher early Monday with the currency likely being supported by upbeat comments about a trade deal over the week-end. United States national security adviser Robert O’Brien said on Saturday that an […]

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses The Canadian dollar closed Friday’s session with a small loss compared to its opening level. It was not alone. The rest of the G-10 major currency pairs suffered a similar fate, led by slides in EUR/USD and GBP/USD. Canadian dollar weakness was exacerbated by Retail Sales data exacerbated […]

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues The pound to dollar exchange rate has alternated between weekly gains and losses for six consecutive weeks and the pair largely remains range bound. Last week, an early week attempt at the 1.3000 brought hope among bulls for a range break. However, the pair failed to follow through […]

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend Throughout last week’s trading, we have not seen strong USD/JPY moves, as the pair has tried to avoid breaking the uptrend by moving below the 108.00 support level. The pair lost support at 108.27 but at the same time it did not find enough support to […]

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years Singapore’s core inflation rate eased to its weakest level in over three years in October, data showed on Monday. The core consumer price index (CPI) rose 0.6% from a year earlier, compared with a 0.7% rise in September. This […]

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading The price of bitcoin (BTCUSD)  was last around $6,850, according to Coindesk, after slumping about 24% over the past month. In June, the leading cryprocurrency topped $9,000 for the first time in more than a […]

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year Britain’s FTSE 100 rose on Monday on renewed hopes an initial Sino-U.S. trade deal may be clinched this year while further signs the Conservatives are set to win an election next month drove mid-caps to their highest […]

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X)  Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely EUR/USD ranges in the past two weeks have been much more narrow than usual, and with the Thanksgiving holiday in the week ahead, this trend may continue. Last week, EUR/USD prices fluctuated about 83 pips from high to low. The week before, it was a mere […]

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020?

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020?

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020? Since going public in 1980, Apple has become the world’s first trillion-dollar company – a feat it achieved in August last year. Therefore, it was no surprise to see the company’s market capitalisation – the total value of its stock shares – overtake that […]

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low Bitcoin sank nearly 10% to the lowest level in six months, extending last week’s slide past the weekend on concerns about a crackdown on cryptocurrency operations by China. The digital currency plunged as much as 9.8% from Friday’s close and was trading just […]

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store Amazon has been in headlines in the past few weeks. In an earlier announcement, Amazon had announced that it plans on shutting its online store in China. Months after the announcement, Amazon representative stated on Sunday that the start of the new […]

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid Computer and printer maker HP on Sunday reiterated its rejection of Xerox’s $33 billion takeover bid, saying the sum “significantly undervalues” the company. A tie-up would unite two firms with storied histories: Xerox was founded in 1906 […]

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last week, ASX futures were […]

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rose Monday on fresh optimism over the long-running China-US trade talks after Beijing offered an olive branch on the key issue of intellectual property, while Donald Trump hailed progress on the agreement. Hong Kong stocks led the regional advance with pro-democracy parties on course for a landslide in local elections that could put […]

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees Ethereum Network congestion is observed on many days, and this can cause stratospherically high transaction charges. On some days, it can reach thirty dollars ($30). The reason behind such an exorbitant fees spike is the increased competition for the ETH blocks. When distinct anomalous blocks are […]

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange Chinese e-commerce giant, Alibaba has listed 500,000,000 worldwide shares at the Hong Kong stock exchange. Tagged the biggest listing for 2019, reports have said the company could make up to HK$100 billion ($12.86 billion). The 500,000,000 ordinary shares Global Offering comprises […]

United States Oil (USO) rekindled optimism in global markets

United States Oil (USO) rekindled optimism in global markets

United States Oil (USO) rekindled optimism in global markets Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war. U.S. national […]

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders Tesla’s new electric pickup truck has secured almost 150,000 orders, the company’s chief executive Elon Musk boasted on Twitter, just two days after its big reveal went embarrassingly wrong. The billionaire Tesla co-founder floundered on stage in California on Thursday when the vehicle’s […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $XAU, $GLD, $VXX Conditions setting up for the Santa Claus Rally A year after the US stock market plunged on the Fed’s acts, many investors believe conditions are set for a rally to finish off Y 2019. A more accommodative Fed compared with a year ago is an important argument for […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

$BHVN, $CHUY, $IFF, $LK, $UBER, $VRSK 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 Monday, as follows: Biohaven Pharmaceutical Holding Co. Ltd. (NASDAQ:BHVN) was started […]

The Gold Rush Flying Under Wall Street’s Radar

The Gold Rush Flying Under Wall Street’s Radar

$GLD, $XAU, $AGGFF The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system. Investor Ray Dalio recently cautioned attendees at the Institute for International Finance conference when he mentioned the possibility of a […]

Ferrari (NYSE:RACE): Riyadh 1st day of Ferrari Motorsport Festival

Ferrari (NYSE:RACE): Riyadh 1st day of Ferrari Motorsport Festival

$RACE The Ferrari Motorsport Festival program, the flagship event of the Riyadh Car Show, has kicked off. Competizioni GT drivers James Calado, Miguel Molina, Giancarlo Fisichella, Andrea Bertolini and Olivier Beretta, took turns in the Attività Sportive GT cars on a track specially created for the event. James Calado and Miguel Molina were the 1st […]

Only 31 Shopping Days Left Until Christmas

Only 31 Shopping Days Left Until Christmas

$HD, $TGT, $WMT, $AAPL, $M, $KSS, $AMZN Discounts on retailer merchandise have already begun, a week from Black Friday. Walmart is offering discounts on Apple’s iPhone and smartwatch. Several retailers have cut TV prices by more than 20%. While the discounts may draw shoppers, they compress the margins of some of America’s largest retailers. Several […]

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision The Australian and New Zealand Dollars are trading higher on Friday, reversing yesterday’s weakness. The choppy price action this week reflects investor uncertainty over whether the United States and China will sign some sort of trade agreement in the coming weeks. During the week, […]

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last […]

Bitcoin: USD/BTC (BTC=X) Down Over 20%

Bitcoin: USD/BTC (BTC=X) Down Over 20%

Bitcoin: USD/BTC (BTC=X) Down Over 20% My own sense is that crypto currencies in general and bitcoin specifically are not safe havens. They have failed the purpose they were intended to fulfill in that they are not actively used as a means of exchange. Few retailers accept them, fewer consumers actively use them and transaction […]

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764 The Pound-to-Dollar rate retains an upside bias on the charts and could still reclaim its May 2019 high in the weeks ahead, according to technical analysts at Commerzbank, although a narrowing Conservative Party lead in the opinion polls is […]

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close The major Asia Pacific stock indexes finished mostly higher on Friday following days of two-sided trading tied to the ever-changing narrative over a U.S.-China trade deal. If you’re keeping score, the negative days were primarily driven by comments from “unnamed sources”, “people […]

UK FTSE 100 (.FTSE) Investors focus on Brexit

UK FTSE 100 (.FTSE) Investors focus on Brexit

UK FTSE 100 (.FTSE) Investors focus on Brexit While the Dow Jones and DAX 30 look to economic data, the UK equity index will likely keep its eye on the political landscape. With Boris Johnson enjoying a comfortable lead, it looks as though the Prime Minister will retain control after the December 12 general election. […]

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target?

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target?

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target? Like the Dow Jones, the DAX 30 could have its hands full with trade war headlines. While the impact of US-China developments is far from negligible, it was recently announced the United States is looking to investigate the European Union under Section 301 – a statute that covers […]

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside Gold futures are trading slightly lower late in the session on Friday. Rising U.S. Treasury yields helped push up the U.S. Dollar, driving down demand for dollar-denominated gold. The catalyst behind the jump in yields was a pair of industry reports that […]

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come into play. Traders read the summary to […]

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation The Euro has been somewhat lackluster during the trading session on Friday, going back and forth in very undecided mannerisms. With this, it looks as if we are simply killing time trying to figure out where to go next. I believe that the 1.11 level is going to continue to […]

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support The US dollar has pulled back slightly against the Japanese yen to kick off the trading session on Friday, and at this point it looks as if we are essentially stuck between the 50 day EMA underneath and the 200 day EMA above. […]

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI The key event on Friday is the ISM Manufacturing PMI, which should be treated as a market-mover. The index has been hovering close to the 50-level, which separates contraction from expansion. In September, the index rose to 51.5 pts, marking a 6-month high. Still, this […]

Box Office: Disney Dominates, ‘Frozen 2’ Leads into Holidays

Box Office: Disney Dominates, ‘Frozen 2’ Leads into Holidays

$DIS, $SNE, $IMAX, $LGF Walt Disney Animation Studios’ music-infused Frozen 2 opened to a record $127-M in the US and $223.3-M overseas from 37 markets for a worldwide start of $350.2-M, the #1 global debut ever for an animated title, not adjusted for inflation, ahead of expectations, particularly overseas. Frozen 2, along with other new offerings bowing […]

Pressure on Hollywood’s Box Office Continues

Pressure on Hollywood’s Box Office Continues

$DIS, $SNE, $CMCSA, $LGF, $IMAX, $CNK, $AMC B. Riley FBR’s analyst says that will “pressure” film theater stock valuations until mid-2020 before the group “begins to see some love” from investors. With Frozen 2 ringing in the all-important final stretch of the box-office year, Hollywood’s eyes are on whether year-end tentpole releases can help make up the […]

This is a Really Good Car Racing Film: Ford v Ferrari

This is a Really Good Car Racing Film: Ford v Ferrari

$DIS “An unusual Hollywood exception to the derision of American exceptionalism,” –The National Review There’s a MAGA moment in Ford v Ferrari when the British-immigrant auto mechanic and race-car driver Ken Miles (Christian Bale) stops being a loner and decides to be a team player. He slows down on the track to let the other American drivers […]

Ferrari’s (NYSE:RACE) CEO Talks About the Future

Ferrari’s (NYSE:RACE) CEO Talks About the Future

$RACE Ferrari (NYSE:RACE) has stabilized over a year after the death of Sergio Marchionne. And Louis Camilleri who took over as CEO of Ferrari in July 2018 following the death of Sergio Marchionne has a somewhat softer touch. Ferrari stock has soared in the time since, and its future as a luxury brand is tightly […]

Facts Do Not Square With Sensational Headlines…Tune Out the Noise

Facts Do Not Square With Sensational Headlines…Tune Out the Noise

$DIA, $SPY, $QQQ, $RUTX, $VXX Billionaire Ray Dalio said his macro hedge fund firm Bridgewater Associates does not have a net bet that the stock market will fall. A Wall Street Journal article published earlier Friday is “wrong,” Mr. Dalio wrote in a LinkedIn post. “I want to make clear that we don’t have any such […]

Ed Ruscha’s ‘Radio’ Hammers for Record $52.5-M at Christie’s

Ed Ruscha’s ‘Radio’ Hammers for Record $52.5-M at Christie’s

Christie’s efforts to showcase Edward Ruscha’s Hurting the Word Radio #2 paid off at Wednesday evening’s auction of post-war and contemporary art when it achieved an auction record price for the artist of nearly $52.5-M, with fees, sailing through the $30-M upper end of a pre-sale estimate.  The hammer came down at $46-M to an anonymous […]

Gold is More Than a Safe Haven Asset

Gold is More Than a Safe Haven Asset

$XAU, $GLD, $USD Despite its strong ties to geopolitical events, gold is driven by supply and demand. Gold, known as the safe haven asset, historically becomes more valuable during times of geopolitical turmoil. Approximately 20% of the above-ground stock of gold reserves is held by central banks and international monetary organizations.  In addition, gold and the USD […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

$LNT, $ALNY, $DUK, $GSK, $LOW, $PYPL, $TGT, $TIF 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 Friday and at the weekend, as follows: Alliant Energy […]

Replica of da Vinci’s Mona Lisa Hammered for 552,500 Euros

Replica of da Vinci’s Mona Lisa Hammered for 552,500 Euros

A 17th-Century copy of Leonardo da Vinci’s “Mona Lisa” was sold on Tuesday at Sotheby’s auction house in Paris for 552,500 Euros, or $611,950, much more than the initial valuation of 70,000-90,000 Euros. The Mona Lisa itself, on which da Vinci began work in Y 1503, has hung at the Louvre Museum in Paris for […]

Ferrari’s (NYSE:RACE) Financial Power Unit Set Up to Run Strong into Year’s End

Ferrari’s (NYSE:RACE) Financial Power Unit Set Up to Run Strong into Year’s End

$RACE HQ’d in Maranello, Italy, founded in Y 1947, Ferrari (NYSE:RACE), designs, engineers, produces and sells luxury high performance sports cars and lots more. In addition to its racing and vehicle manufacturing operations, Ferrari licenses its brand to various producers and retailers of luxury and lifestyle goods and has recently tied-up with Giorgio Armani to revamp and […]

Manufacturing, Labor Market Data Signal Slowing Economy

Manufacturing, Labor Market Data Signal Slowing Economy

$DIA, $SPY, $QQQ, $RUTX, $VXX Initial claims for the week ending 16 November were unchanged at 227,000 (consensus 216,000). Continuing claims for the week ending 9 November were up 3,000 to 1.695-M. The Key takeaway from the report is that initial claims have been more elevated than usual in recent weeks, suggesting perhaps that they have […]

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted, with the pairing currently trading at an inter-bank rate of $1.2947. The US Federal Reserve’s meeting minutes revealed that policymakers decided to pause its easing cycle following an October rate cut, and it […]

United States Oil (USO) prices extend losses on supply, trade war fears

United States Oil (USO) prices extend losses on supply, trade war fears

United States Oil (USO) prices extend losses on supply, trade war fears Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the US-China trade war. West Texas Intermediate crude futures erased early gains to trade […]

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence Positive Signal from BOC Governor Drives US Dollar Canadian Dollar (USD/CAD) Exchange Rate Lower Comments from Bank of Canada (BOC) Governor Stephen Poloz prompted a sharp decline for the US Dollar to Canadian Dollar (USD/CAD) exchange rate on Thursday. As Poloz indicated that he sees […]

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results Despite the Federal Reserve continuing to indicate that it will keep US monetary policy paused for the time being, the Euro to US Dollar (EUR/USD) exchange rate is still steadily climbing today. The Euro (EUR) is benefitting from US Dollar (USD) weakness. Since opening this week […]

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade The Dollar/Yen is trading slightly lower on Thursday after clawing back most of its earlier losses. The early volatility is being fueled by headlines over U.S.-China trade relations. The negative headlines driving the Forex pair lower are saying a potential […]

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon. The benchmark S&P-ASX 200 index on Thursday closed down 49.5 points to 6672.9, while the broader […]

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash Bitcoin’s slow descent over the last month took a dramatic turn today as the cryptocurrency suddenly nosedived. Already reeling from a series of downturns during the last four weeks, BTC had been languishing above $8,100 after falling from $8,800 this time last week. Its ability to cling on […]

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes Silver prices are showing little movement on Thursday. In the European session, the metal is trading at $17.05, down $0.08 or 0.49% on the day. Silver Shrugs After Fed Minutes The Federal Reserve minutes of the October meeting failed to garner much of a reaction from […]

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns Hong Kong stocks closed lower for a second day on Thursday, as a fresh row between Washington and Beijing over a US bill backing protesters stoked concerns that trade talks could hit a snag and delay the “phase […]

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh FTSE 100 index closed in the red on Thursday as Wall Street stocks also tumbled as trade worries and global uncertainty continued to weigh. The UK’s index of leading shares closed down around 31 points at 7,231 with defensive stocks making up the […]

Twitter, Inc. (NYSE:TWTR) is finally rolling out the ability to schedule tweets

Twitter, Inc. (NYSE:TWTR) is finally rolling out the ability to schedule tweets

Twitter, Inc. (NYSE:TWTR) is finally rolling out the ability to schedule tweets Twitter today announced it’s rolling out the ability to schedule tweets. The long-awaited feature, which is already available within Tweetdeck and other third-party clients, will allow users to write posts in advance and publish them at a pre-defined time. This feature is likely […]

Singapore: STI Index (.STI) Stock Market May Extend Its Losses

Singapore: STI Index (.STI) Stock Market May Extend Its Losses

Singapore: STI Index (.STI) Stock Market May Extend Its Losses The Singapore stock market has moved lower in consecutive trading days, surrendering almost 30 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 3,230-point plateau and it’s tipped to open in the red again on Thursday. The global […]

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues Gold prices remained weak in India today, tracking muted global cues. On MCX, prices of gold futures contracts were down 0.51% to 37,960, extending losses to the third day. Tracking gold, silver also fell, with prices on MCX down 0.36% to ₹44,657 per kg. […]

Tesla, Inc. (NASDAQ:TSLA) market cap reaches all-time high

Tesla, Inc. (NASDAQ:TSLA) market cap reaches all-time high

Tesla, Inc. (NASDAQ:TSLA) market cap reaches all-time high Tesla stock (NASDAQ:TSLA) recently hit a new milestone since it went public back more than nine years ago. Despite the electric car maker not hitting or exceeding its all-time-high price of $385 per share yet, Tesla’s market cap is already at its biggest to date. As of […]

Alphabet Inc. (NASDAQ:GOOG) announces plan to limit targeting of political ads

Alphabet Inc. (NASDAQ:GOOG) announces plan to limit targeting of political ads

Alphabet Inc. (NASDAQ:GOOG) announces plan to limit targeting of political ads Google will restrict how narrowly political advertisers can target voters on the company’s services, putting pressure on Facebook to follow suit. Starting in January, political advertisers will only be able to target broad categories — gender, age or postal code — not more specific details such as […]

Bitcoin: USD/BTC (BTC=X) technical indicators are pointing to further pain ahead

Bitcoin: USD/BTC (BTC=X) technical indicators are pointing to further pain ahead

Bitcoin: USD/BTC (BTC=X) technical indicators are pointing to further pain ahead As Bitcoin’s recent sell-off accelerates, some technical indicators are pointing to further pain ahead. The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8,000 level, which it hasn’t breached since the end of October. […]

Amazon.com, Inc. (NASDAQ:AMZN) reportedly planning an expansion of its Amazon Go concept stores

Amazon.com, Inc. (NASDAQ:AMZN) reportedly planning an expansion of its Amazon Go concept stores

Amazon.com, Inc. (NASDAQ:AMZN) reportedly planning an expansion of its Amazon Go concept stores The rumor mill has switched into high gear when it comes to Amazon.com (NASDAQ: AMZN) and its relentless push into physical retail. Earlier this month, the e-commerce giant confirmed that it will be opening a line of grocery stores next year under […]

Dow Jones Industrial Average (.DJI) retreats from record as Home Depot shares slump

Dow Jones Industrial Average (.DJI) retreats from record as Home Depot shares slump

Dow Jones Industrial Average (.DJI) retreats from record as Home Depot shares slump The Dow’s two-day streak of records ended on Tuesday (Nov 19) following a big drop in Home Depot shares over a disappointing sales forecast. Home Depot plunged more than 5 per cent as it slashed its full-year sales forecast, saying the payoff […]

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High Apple Inc. (NASDAQ AAPL) shares have risen by 68.48% to $265.76 in 2019. This outpaces any stock in the Dow Jones industrial average by far. The Dow hit record territory Friday, up 20.05% to 28,004.89. Without such a huge rally in Apple’s shares, the Dow […]

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress Wall Street’s main indexes ended Wednesday’s session lower on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve’s October policy meeting appeared to offer little help. The Fed minutes offered […]

Alibaba Group Holding Limited (NYSE:BABA) prices Hong Kong shares at HK$176

Alibaba Group Holding Limited (NYSE:BABA) prices Hong Kong shares at HK$176

Alibaba Group Holding Limited (NYSE:BABA) prices Hong Kong shares at HK$176 Alibaba Group Holding will offer the investors of its Hong Kong shares at a slight discount to its US-listed depositary shares, as Asia’s most valuable company prepares to kick off the world’s largest initial public offering this year. The Hangzhou-based company has priced its […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

$ALNY, $BKR, $HAL, $JNJ, $KLAC, $SLB, $ZBRA 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: Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) was started with […]

Gold Price Outlook: Gold Set Up for a Holiday Rally

Gold Price Outlook: Gold Set Up for a Holiday Rally

$XAU, $GLD The recent sell-off in gold has triggered massive gold demand from India. Recall that India had been dormant since June, when the Government increased the import duty by 25% on imported kilo bars. But the lower price of world gold, combined with India’s peak seasonal gold buying period has unleashed India’s gold importation […]

Ferrari (NYSE:RACE) Stock Could ‘Race’ into New Year

Ferrari (NYSE:RACE) Stock Could ‘Race’ into New Year

$RACE The iconic Italian carmaker Ferrari (NYSE:RACE) was unable to get a lift this sector member Ford’s (F) big electric SUV announcement. RACE finished + 0.16 at 164.41, but the stock still flashing a Bullish signal that could drive to new record highs.  More specifically: RACE’s recent Nov. 4 record high of 172.88 comes on historically low implied […]

Ferrari (NYSE:RACE): Another Hybrid Will Come,but Not This Year

Ferrari (NYSE:RACE): Another Hybrid Will Come,but Not This Year

$RACE From the LA Auto Show Iconic Italian Supercar maker Ferrari (NYSE:RACE) confirmed there will never be a plug-in hybrid (PHEV) version of its new Roma sports car. Even though the modular underpinnings of the Roma were pre-engineered for hybrid power, the new Ferrari will stick with pure front-engined, twin-turbo V8 power for its entire 7-to-8 year […]

Target (NYSE:TGT) at Record Highs on Sales Beat, Raised Forecast

Target (NYSE:TGT) at Record Highs on Sales Beat, Raised Forecast

$DIA, $SPY, $QQQ, $RUTX, $TGT, $VXX Target Corp. (NYSE:TGT) reached a record high after raising its F-Y (full-year) outlook again on strong sales and profitability, providing a safe haven after several retailers unnerved investors. The stock, the best performer in the S&P 500 Index Wednesday, had already soared 68% this year through Tuesday. Target raised […]

UK FTSE 100 (.FTSE) falls in broad-based sell-off on trade fears

UK FTSE 100 (.FTSE) falls in broad-based sell-off on trade fears

UK FTSE 100 (.FTSE) falls in broad-based sell-off on trade fears The FTSE 100 has fallen into the red amid a broad-based sell-off after US president Donald Trump said he would hike tariffs if no trade deal is reached with China. The UK blue-chip index fell 73 points, or 1%, to 7,251, with only a […]

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years

Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years The Dollar/Yen is trading lower on Wednesday and threatening to take out last week’s low at 108.244 as concerns over the progress of U.S.-China trade negotiations have fueled another round of safe-haven buying of the Japanese Yen. The move into the Yen is […]

Shanghai: SSE Composite Index (.SSEC) stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests

Shanghai: SSE Composite Index (.SSEC) stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests

Shanghai: SSE Composite Index (.SSEC) stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests China and Hong Kong stocks fell Wednesday on investors’ concerns about banks’ profitability amid rate cuts in the mainland and a flare-up in Washington-Beijing tensions over legislation headed to US President Donald Trump […]

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules Australian shares fell on Wednesday, with second-biggest lender Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering […]

New Zealand Dollar: NZD/USD (NZD=X) no indicators on the calendar

New Zealand Dollar: NZD/USD (NZD=X) no indicators on the calendar

New Zealand Dollar: NZD/USD (NZD=X) no indicators on the calendar NZD/USD has lost ground on Wednesday, after posting considerable gains on Tuesday. In the European session, the pair is trading at 0.6417, down 0.23% on the day. There are no New Zealand indicators on the calendar. NZD/USD Technical Analysis NZD/USD tested resistance at 0.6420 on Tuesday […]

Tech Lifts NASDAQ Composite (.IXIC) to Record as Retail Drags on Dow: Markets Wrap

Tech Lifts NASDAQ Composite (.IXIC) to Record as Retail Drags on Dow: Markets Wrap

Tech Lifts NASDAQ Composite (.IXIC) to Record as Retail Drags on Dow: Markets Wrap Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The Nasdaq Composite climbed to a fresh record on the back of gains in megacap tech companies even as the Dow Jones Industrial Average […]

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Both US benchmark West Texas Intermediate and London’s Brent oil fell sharply on signs Beijing and Washington may be drifting further apart […]

Singapore: STI Index (.STI) Economic Growth May Be Bottoming Out

Singapore: STI Index (.STI) Economic Growth May Be Bottoming Out

Singapore: STI Index (.STI) Economic Growth May Be Bottoming Out Singapore stocks closed lower on Wednesday, with the benchmark Straits Times Index (STI) going down 0.28 percent, or 9.09 points, to close at 3,229.78. A total of 1.2 billion shares changed hands with a turnover of 1.1 billion Singapore dollars (about 807.93 million U.S. dollars). […]

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar With GBP/USD turning lower over the past day or so, the question is what is driving the currency pair? Is it UK politics or just a stronger dollar? In a debate between PM Boris Johnson and opposition Labour’s Corbyn yesterday, polls continued to favor Johnson, although […]

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High

Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High Apple Inc. (NASDAQ AAPL) shares have risen by 68.48% to $265.76 in 2019. This outpaces any stock in the Dow Jones industrial average by far. The Dow hit record territory Friday, up 20.05% to 28,004.89. Without such a huge rally in Apple’s shares, the Dow […]

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar

Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar The greenback is gaining some upward momentum in early day trading on Wednesday. Whether it will sustain this move is likely to be determined by the minutes from the last Fed meeting which will be released later in the day. I’m noticing something a bit peculiar […]

Facebook, Inc. (NASDAQ:FB) testing a meme-creation app called Whale

Facebook, Inc. (NASDAQ:FB) testing a meme-creation app called Whale

Facebook, Inc. (NASDAQ:FB) testing a meme-creation app called Whale Facebook’s testing out its latest bizarre spin-off app aimed at recapturing its youthful audience — in this case, a meme creation app called Whale. From what we can tell, the purpose of the app is to make meme creation easier by packaging together stock images and […]

Bitcoin: USD/BTC (BTC=X) Tests $8,000 Level as Sell-Off Spills Into Third Week

Bitcoin: USD/BTC (BTC=X) Tests $8,000 Level as Sell-Off Spills Into Third Week

Bitcoin: USD/BTC (BTC=X) Tests $8,000 Level as Sell-Off Spills Into Third Week We closed the day, November 19 2019, at a price of $8,206. That’s a minor 1.19 percent decline in 24 hours, or -$98.97. It was the lowest closing price in twenty-five days. We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December […]

Canadian Dollar: USD/CAD (CAD=X) suffers from a downturn in risk sentiment

Canadian Dollar: USD/CAD (CAD=X) suffers from a downturn in risk sentiment

Canadian Dollar: USD/CAD (CAD=X) suffers from a downturn in risk sentiment The Canadian dollar is rangebound no more. Prices soared through the top of the USD/CAD $1.3040-$1.3240 band that contained price action since October 11 yesterday and continued to climb overnight. That move is a sharp contrast to the move that occurred immediately following Tuesday […]

Alibaba Group Holding Limited (NYSE:BABA) will reportedly end its $13 billion share sale early after attracting more investor demand than it could meet

Alibaba Group Holding Limited (NYSE:BABA) will reportedly end its $13 billion share sale early after attracting more investor demand than it could meet

Alibaba Group Holding Limited (NYSE:BABA) will reportedly end its $13 billion share sale early after attracting more investor demand than it could meet Alibaba’s $13 billion Hong Kong stock offering will reportedly end early as investor demand outstrips available shares. The company plans to close the sale to institutional investors at 12:00 p.m. Eastern Standard […]

Will FOMC Minutes Shake up Silver 1 OZ 999 NY (XAG=X)?

Will FOMC Minutes Shake up Silver 1 OZ 999 NY (XAG=X)?

Will FOMC Minutes Shake up Silver 1 OZ 999 NY (XAG=X)? Silver is showing little movement on Wednesday. In the European session, the metal is trading at $17.14, up $0.01 or 0.11% on the day. The sole U.S. indicator on the calendar is crude oil inventories. Will FOMC Minutes Shake up Silver? With a light economic […]

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries The major Asia Pacific stock indexes closed mixed on Tuesday, but mostly higher as investors appeared to shrug off concerns over the progress of U.S.-China trade negotiations. Shares in Hong Kong continued to gain back last week’s losses amid optimism over fresh government […]

Nasdaq snags record high as Home Depot, Boeing dent the Dow Jones Industrial Average (.DJI)

Nasdaq snags record high as Home Depot, Boeing dent the Dow Jones Industrial Average (.DJI)

Nasdaq snags record high as Home Depot, Boeing dent the Dow Jones Industrial Average (.DJI) The Dow Jones Industrial Average pulled back from record highs on Tuesday as Home Depot weighed after delivering a disappointing forecast. Rival Lowe’s fell in sympathy. The Nasdaq was the only one of the three major averages to finish in record […]

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment German stocks are notably lower Wednesday morning, as uncertainty about a potential U.S.-China trade deal weighed on sentiment and forced investors to indulge in some selling. The U.S. President Donald Trump on Tuesday threatened higher tariffs on Chinese goods if a trade […]

Want to Be a Success? “Find Smart Friends…”

Want to Be a Success? “Find Smart Friends…”

Billionaire Ray Dalio took to Twitter Tuesday evening to reveal his advice for achieving both success and making money, “find smart friends, and develop talented Team“ Mr. Dalio said he had become “much better educated” by questioning experts and listening to them when they had “thoughtful disagreement.” He was responding to a Twitter user’s suggestion that his […]

Ethereum: USD/ETH (ETH=) Bears Break Out from Pennant Structure, Deeper Moves South Eyed

Ethereum: USD/ETH (ETH=) Bears Break Out from Pennant Structure, Deeper Moves South Eyed

Ethereum: USD/ETH (ETH=) Bears Break Out from Pennant Structure, Deeper Moves South Eyed Ethereum price is being dictated mainly by the market bears, as it continues to remain weighted to the downside. It is running towards its second consecutive week in the red, as the price heads for a narrowing range breakout. ETH/USD has fallen […]

Tesla, Inc. (NASDAQ:TSLA) Flips Short Sellers on Their Heads

Tesla, Inc. (NASDAQ:TSLA) Flips Short Sellers on Their Heads

Tesla, Inc. (NASDAQ:TSLA) Flips Short Sellers on Their Heads Did you know that, for one day, Volkswagen was “the world’s priciest firm” in the stock market? On October 28, 2008, the stock soared more than 93% on news that Porsche had acquired a 74% ownership in Volkswagen. Volkswagen shares didn’t surge because it was a […]