Battle Between Dollar Bulls and Euro: USD/EUR (EUR=X) Bears The price action last week suggests investors are being a little tentative about buying strength. In three sessions out of five, the dollar index rallied to highs not touched since early December before closing lower. On Friday, the dollar index reached its highest level since April […]
Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey The New York region’s manufacturing sector found new momentum in February, according to the latest data from the New York Federal Reserve. The gold market is seeing little reaction to a rise in the New York Federal Reserve’s Empire State manufacturing survey’s […]
Australia: S&P/ASX 200 (.AXJO) reporting season has seen companies becoming increasingly cautious It is the busiest block of results with around 70 of the top 200 companies dropping mainly half-year numbers. It also should give a clearer picture about how things are going across the key consumer, industrial and resources sectors. “Reporting season is 37 […]
Hong Kong: HANG SENG INDEX (.HSI) stumbles as differences frustrate US-China talks Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Mainland Chinese markets saw losses on the day. […]
British Pound: USD/GBP (GBP=X) Brexit, PMI Numbers and Trade Talks in Focus On the Macro For the Dollar: Key stats include December durable goods orders, February’s Philly FED Manufacturing Index, prelim U.S private sector PMI numbers and existing home sales figures all due out on Thursday. An upward trend in the weekly jobless claims figures […]
US and Chinese Shanghai: SSE Composite Index (.SSEC) trade negotiators will meet in Washington this week with less than a fortnight left to hammer out a deal US and Chinese trade negotiators will meet in Washington this week with less than a fortnight left to hammer out a deal aimed at ending their trade impasse and finding […]
Silver 1 OZ 999 NY (XAG=X) forming a “Morning Star pattern”, which is very bullish Silver markets gapped higher on Friday, after forming a gapped lower on Thursday. This makes for what is known as a “Morning Star pattern”, which is very bullish. The fact that we are sitting on the uptrend line and the 50 […]
Singapore: STI Index (.STI) growth outlook dims amid trade, global demand woes After a year “of two halves” in which growth started out briskly before losing speed towards end-2018, economists expect Singapore’s small and trade-dependent economy to slow further in 2019 amid weakening global demand for semiconductors and protracted trade tensions. Official data released on […]
Police sources say Jussie Smollett likely hired two acquaintances to fake a Chicago “hate crime” assault, while conservatives are accusing liberal media outlets of accepting the actor’s story with little initial evidence. Not only has Smollett condemned the not-so-dynamic duo he has also severely diminished cause of both Black Americans and Gays. There is no […]
African Gangs, the ones the Media and Politicians tell us don’t exist continue to wreak havoc in Melbourne and the problem is spreading across the Country. The African Gang Members are rarely arrested or prosecuted due to the deliberate blind-eye Police turn to their activities inline with the Left Wings Political Correctness and the refusal […]
Australian Politics at some point took a bizarre turn, no longer are matters relevant to the majority of Australians a front line issue. The key issues in Australia seem to be Refugees, Foreign Aid and any minority that can capture the left wing media’s attention. There have been major disasters in Australia, floods, droughts, the […]
A tweet by a not to bright US Congresswoman spotlighted a report about US tech behemoth Amazon’s tax burden for the past two years. While the company paid no US federal income tax, it reported “cash taxes paid” of $1.2 billion last year and $957 million in 2017. These numbers are not broken down geographically, […]
$DIA, $SPY, $QQQ, $RUTX, $BAC, $VXX US are stocks rallying this year on signs of progress in US-S trade talks as managed and sidelined money continues to bet that there is not much upside left when President Trump’s deal is reached. That is wrong Heffx-LTN’s corporate earnings and equity valuations model as of Saturday indicates […]
Facebook, Inc. (NASDAQ:FB) data breach could result in a multibillion-dollar fine by the Federal Trade Commission A Facebook data breach could result in a multibillion-dollar fine by the Federal Trade Commission, but may settle the agency’s investigation into the privacy practices of the social media giant, the Washington Post reported Thursday. It would be the […]
NASDAQ Composite (.IXIC) bucks trend to rise for 5th day U.S. stocks closed mostly lower Thursday as disappointment over weak retail sales overshadowed optimism over U.S.-China trade talks, but the Nasdaq eked out gains to rise for a fifth session in a row. Consumer staples and financial sectors were the biggest losers, both falling more […]
Bitcoin: USD/BTC (BTC=X) Volume Spikes, But Price Remains Unfazed At the time of writing, Bitcoin is trading down nominally at its current price of $3,620. Ever since BTC made its large price swing last Friday, it has been trading sideways around its current price levels. Earlier today, BTC experienced a massive and unusual trading volume spike that […]
United States Oil (USO) warns the world against buying Venezuelan oil US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. In a tweet with a Bloomberg article on Venezuelan-Indian oil […]
Dow Jones Industrial Average (.DJI) futures stage ugly u-turn after worst plunge in nine years for retail sales Stock-market ebullience over progress in U.S.-China trade talks on Thursday gave way to pessimism after a December report on retail sales showed the worst decline in about nine years, sparking recessionary fears. Futures for the Dow Jones […]
Alibaba Group Holding Limited (NYSE:BABA) current volatility levels suggest that trade war worries aren’t high Alibaba’s (BABA) stock has risen sharply over the past few weeks, and there are signs the shares may continue to increase in the weeks ahead. Additionally, tensions between the U.S and China appear to be easing over trade policy with […]
The Tesla, Inc. (NASDAQ:TSLA) growth story is still very much intact To validate Tesla as a growth company, no one really needs to look much further than their historic financial statements. In the last 10 years, Tesla has had an average yearly revenue growth of 107%. Even last year, revenue almost doubled from approx. $11.75B to […]
Warren Buffett’s Berkshire Hathaway Inc shrank its Apple Inc. (NASDAQ:AAPL) stake to 249.6 million shares from 252.5 million shares in the fourth quarter Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according […]
Amazon.com, Inc. (NASDAQ:AMZN) stock turns down after downbeat retail sales data Shares of Amazon.com Inc. AMZN, -1.06% swung to losses in premarket trade Thursday, after government data showed that December retail sales at internet sellers suffered the biggest drop since the financial crisis. Amazon’s stock fell 1% ahead of the open, after being up as 0.6% before the data was […]
Alphabet Inc. (NASDAQ:GOOG) joined Apple in promising to investigate a Saudi government app hosted on the Google Play Store and Apple’s App Store Google has joined Apple in promising to investigate a Saudi app that lets men control women’s travel, as pressure from rights groups and international lawmakers builds on the tech giants. Google will […]
Top US economic officials were to meet on Friday with Chinese President Xi Jinping as the sides aim to wrap up trade talks in Beijing with enough goodwill to extend a truce in their tariff war. The world’s two biggest economies are seeking an accord to bridge their deep trade differences, after President Donald Trump […]
Residents heard the Amazon news with dismay, having looked forward to the global operation’s move into town. “Think about all the infrastructure and tech jobs and construction jobs and all the support that needs to go in for a campus like that,” said David Katzen, who owns a construction company in the area. “All those […]
Hong Kong: HANG SENG INDEX (.HSI) optimism over U.S.-China trade talks and a new deal to avoid a government shutdown Investors were caught by surprise by a report showing that U.S. retail sales fell by 1.2% in December, the largest single-month decline since 2009 and well below the flat growth expected by economists polled by MarketWatch. […]
Silver 1 OZ 999 NY (XAG=X) testing the $15.50 level Silver markets have been all over the place on Thursday, as the markets have gotten quite a bit of mixed messages around the world. The United States released horrific numbers when it comes to retail sales and PMI figures, and at the same time we are […]
Singapore: STI Index (.STI) at over four-month high Singapore stocks closed at a more than 4-month high on Wednesday, leading the gains in Southeast Asia after US President Donald Trump said he could relax the China trade deal deadline, while Philippines fell for the fourth straight day. Trump said on Tuesday that he could let […]
Shanghai: SSE Composite Index (.SSEC) China and the U.S. are trying to strike a deal before March 2 High-level trade talks between the U.S. and China are underway in Beijing. Stocks in Asia were mixed on Thursday as investors looked for progress in the months-long tariff dispute. There were reports that U.S. President Donald Trump may be […]
Australia: S&P/ASX 200 (.AXJO) bucked the trend yesterday, at least across the Asian region, closing 0.26 per cent lower at 6063 ASX missed the party The ASX bucked the trend yesterday, at least across the Asian region, closing 0.26% lower at 6063. Ostensibly, Australian shares missed-out on the party: global equities were noticeably higher across […]
British Pound: USD/GBP (GBP=X) pushes lower The GBP/USD price has created a new lower low in its current downtrend, as the dollar strength hurt sterling hard yesterday and has been in evidence already this morning. Rallies should continue to be sold until we see a higher high and, for the moment, that requires a move back above […]
Australian Dollar: USD/AUD (AUD=X) lifted by fresh hopes of U.S.-China breakthrough The Australian Dollar rose Thursday as markets cheered fresh signs the White House could be willing to extend trade negotiations with China past a March 01 deadline, although new forecasts from UBS and Commonwealth Bank of Australia (CBA) suggest things are already about as good as they’ll get […]
Euro: USD/EUR (EUR=X) knocked by dollar strength Yesterday’s EUR/USD rally ended with a fresh push to $1.126, with further losses so far this morning. Below $1.121, the price will head towards possible support at $1.1116. The bearish short-term view remains until we see a higher high created, with the $1.134 level as a near-term target. Overall, the […]
Alphabet Inc. (NASDAQ:GOOG) $13 billion investment reflects its ambitions to compete with Amazon and Microsoft Alphabet Inc.’s Google announced Wednesday it will invest $13 billion in new data centers across the United States as it looks to continue expanding its cloud business. “Today we’re announcing over $13 billion in investments throughout 2019 in data centers and offices […]
Morgan Stanley said in a filing that it had a 5.6% stake in Twitter, Inc. (NYSE:TWTR), shares jumped Twitter shares jumped more than 4% on Wednesday after Morgan Stanley said in a filingwith the US Securities and Exchange Commission that it has a 5.6% stake in the company. The bank – one of Twitter’s initial public offering underwriters in […]
United States Oil (USO) rose on hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook, and as China’s trade figures including crude imports beat forecasts. […]
NASDAQ Composite (.IXIC) traded at 7,461.66 at its intraday peak on Wednesday, representing a 20.4% gain from its bear low The Nasdaq Composite Index, often used as a proxy for the health of technology and internet-related stocks, on Wednesday was on the verge of ending its longest bear market, by one measure, since 1991. A […]
Apple Inc. (NASDAQ:AAPL) has been ramping up its research and development spending in order to gain a competitive advantage against its rivals In its quarter that ended in December, Apple’s spending on R&D surged 14.5% year-over-year to $3.902 billion. R&D as a percent of revenue reached 5.63%, up from 2.1% in 2012. The continuous growth […]
Teen who hacks car to drive backwards gets shoutout from Elon Musk Tesla, Inc. (NASDAQ:TSLA) A Russian teenager has refitted his car to drive it backward, and got a shoutout from Tesla’s TSLA, -1.17% CEO Elon Musk. But this didn’t stop the police from stripping him of the car registration. The 18-year-old was stopped earlier this week […]
Following a well-liked earnings report, Facebook, Inc. (NASDAQ:FB) stock is setting up for profit-taking What’s there to like about Facebook (NASDAQ:FB) these days? It likely depends on how you look at things off and on the price chart. And in this strategist’s view, for traders long FB stock it may be time to consider unfriending shares and […]
Bitcoin: USD/BTC (BTC=X) little fundamental news to drive prices action Bitcoin prices fell Wednesday, extending the slide that has seen the cryptocurrency fall 5% since making a three-week high above $3,700 last week. In early afternoon trading, one bitcoin, BTCUSD, +0.29% the world’s largest digital currency, was changing hands at $3,576.60, down 0.2% since Tuesday at 5 p.m. […]
Dow Jones Industrial Average (.DJI) a trade deal could reduce concerns about growth and allow the 2019 rally to continue Stocks rose on Wednesday as investors grew hopeful that Chinese and U.S. trade authorities would reach an agreement before a deadline in early March. The Dow Jones Industrial Average climbed 117.51 points to 25,543.27 as Walgreens Boots […]
US and Chinese negotiators are set to kick off two days of official trade talks in Beijing Thursday as the world’s top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President Donald Trump indicated Tuesday in Washington […]
Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open ahead of consumer inflation The Australian share market is expected to open the day higher on Thursday. According to the latest SPI futures, the ASX 200 is expected to start the day 0.1% or 6 points higher. This follows a positive night of trade […]
Higher risk appetite and improved sentiment bolstered stocks in China and Hong Kong: HANG SENG INDEX (.HSI) Higher risk appetite and improved sentiment bolstered stocks in China and Hong Kong on Wednesday, as all benchmark indexes staged a mini rally. The Hang Seng Index rose to a near six-month high, boosted by investors who are […]
Shanghai: SSE Composite Index (.SSEC) positive sentiment on the U.S.-China trade front Major stock markets in Asia closed higher on Wednesday amid positive sentiment on the U.S.-China trade front. The mainland Chinese markets were higher on the day. The Shenzhen component rose 2.012 percent to close at 8,171.21 and the Shenzhen composite gained 1.872 percent […]
Japanese Yen: USD/JPY (JPY=X) Japanese PPI disappointed with a gain of 0.6% USD/JPY has gained ground in the Wednesday session. In the North American session, the pair is trading at 110.76, up 0.25% on the day. On the release front, Japanese PPI disappointed with a gain of 0.6% in January, shy of the estimate of […]
Silver 1 OZ 999 NY (XAG=X) Bulls Still Have Chart Edge Gold and silver prices are near steady in early-afternoon U.S. trading Wednesday and have traded both sides of unchanged today. Buying interest in both metals was limited by a higher U.S. dollar index today, as well as firmer U.S. stock indexes that hit two-month highs. However, the sellers remain […]
Euro: USD/EUR (EUR=X) recovers $1.13, but for how long? EUR/USD finally managed a substantial rally yesterday, moving off $1.126 and heading towards $1.134, but at present it looks like a lower high has been created. Further downside targets $1.126, and then to $1.1118. If bulls can hold the price above $1.126 and create a higher high, […]
Singapore: STI Index (.STI) hits 3-week high on trade optimism Singapore stocks climbed in line with Asian peers on Wednesday, lifted by the possibility that Washington and Beijing might reach an agreement in trade talks, while other regional markets flitted in a flat-to-lower range after paring early gains. Ahead of the high-level talks due in […]
Spain’s Parliament has rejected a 2019 budget proposal, marking a major blow to Prime Minister Pedro Sanchez and raising the prospect of a potential snap general election. A host of minority regional parties, including the Catalans, refused to support the crucial piece of legislation and voted against the proposal put forward by the socialist-led cabinet […]
Right-sizing operations is part of Tesla’s long term goal to democratize the EV market — and that’s a big positive for Tesla, Inc. (NASDAQ:TSLA) stock It seems electric vehicle manufacturer Tesla (NASDAQ:TSLA) is always in the headlines. But over the past several weeks, the Tesla headlines have been dominated by one common theme: job cuts. In late […]
Facebook, Inc. (NASDAQ:FB) has many problems that it needs to solve, but leadership is not one of them Anyone who feels Facebook (NASDAQ:FB) could have prevented the firestorm it’s faced over the past two years as a result of the Cambridge Analytica data scandal is fooling themselves. That said, FB stock rightfully got hammered after the company […]
United States Oil (USO) production expected to hit records this year U.S. oil production is anticipated to break records in the next two years — and prices are primed to increase slightly, according to an energy study released Tuesday. The Energy Information Administration (EIA) said Tuesday that crude oil production is expected to rise to an […]
Bitcoin: USD/BTC (BTC=X) May Soon See Increased Selling Pressure At the time of writing, Bitcoin (BTC) is trading down 0.5% at its current price of $3,630. In the time following last Friday’s price rally, BTC has been relatively stable, and has found some levels of buying support in the low-$3,600 region. Although its ability to maintain its […]
Alphabet Inc. (NASDAQ:GOOG) is rife with “buy” ratings and very few sell or hold ratings, and it has 20.45% upside Alphabet Inc (NASDAQ: GOOGL ) has made the most AI purchases out of any tech firm calculated research firm Quid , which shows that GOOG has made 20 acquisitions, including predictive analytics platform Kaggle in Q1 2017 alone. Google CEO Sundar Pichai long […]
Alibaba Group Holding Limited (NYSE:BABA) Q3 2019 results come out mixed Investment Thesis Alibaba (NYSE:BABA) is by far and wide my best pick to choose from any overseas country. Further, the fact that it’s listed on NYSE certainly adds a much-needed crutch to my margin of safety. Overall, Alibaba is tremendously undervalued. Background In the […]
Dow Jones Industrial Average (.DJI) tentative deal to avoid government shutdown Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding. Improved prospects for a U.S.-China trade deal also boosted equities. The Dow Jones Industrial Average rose 372.65 points to close at 25,425.76, led by Caterpillar and 3M. The S&P 500 climbed 1.3 […]
NASDAQ Composite (.IXIC) Stocks Alphabet, Netflix, Amazon Outperform Two festering wounds for the stock market showed signs of healing, sending the major indexes to gains of more than 1% Tuesday, including some key Nasdaq stocks. The Nasdaq composite climbed 1.5%, the S&P 500 1.3% and the Dow Jones Industrial Average 1.5%. Early data showed that […]
$RACE FLASH: Ferrari is the Aristocrat of of world’s automotive sector and the world’s strongest brand. Ferrari (NYSE:RACE) is an iconic Italian luxury Supercar manufacturer which produces the Ferrari branded car. It is a limited production in demand car and instantly recognizable world wide. In Y 2018 only 9,251 Ferraris were shipped. The group’s high […]
Euro: USD/EUR (EUR=X) in ongoing correction The price of EUR/USD continues to push lower, falling below $1.13 support and heading to the November low at $1.1215. Further declines bring $1.1118 into view. Since September, substantial rallies have met with trendline resistance, and any push back towards $1.143 could well meet the same fate. So far, no change […]
Hong Kong: HANG SENG INDEX (.HSI) investors had recoiled from making further big bets ahead of news from US-China trade negotiations in Beijing later this week China’s benchmark stock indexes were trading flat on Tuesday morning after starting the Lunar New Year strong on Monday, while Hong Kong shares opened lower. Traders said that after […]
British Pound: USD/GBP (GBP=X) still on the back foot If GBP/USD has turned a corner longer term, it needs to start thinking about creating a higher low, preferably above $1.26. For now, the downtrend from last April seems to have turned into a consolidation phase over the past few months, with rallies towards $1.32 followed by retracements […]
Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place Technically, April gold futures prices closed nearer the session high low today. The bulls still have the overall near-term technical advantage. A 2.5-month-old price uptrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]
Australian Dollar: USD/AUD (AUD=X) rises after U.S. shutdown averted, White House talks Xi meeting The Australian Dollar rose Tuesday as investors cheered an agreement struck overnight in Washington that will avert a second 2019 government shutdown, which has buoyed so-called risk assets including the Antipodean currency. President Donald Trump has secured partial funding for his proposed […]
Singapore: STI Index (.STI) retail sales slump 6.0% in December Retail sales in Singapore fell by 6.0% on a year-on-year basis in December, worsening from the 2.4% decline in the previous month as sales from all segments in the index including motor vehicle sales and computer and telecommunications equipment fell except for medical goods and […]
Silver 1 OZ 999 NY (XAG=X) Prices Pressured By Strong USDX Gold and silver prices are moderately lower in early-afternoon U.S. trading Monday. A higher U.S. dollar index early this week that hit a seven-week high today is a bearish “outside market” force working against the precious metals markets. April gold futures were last down $7.60 an ounce at $1,310.90. March Comex silver was […]
Australia: S&P/ASX 200 (.AXJO) mixed earnings results It has been a positive day of trade for the Australian share market, with the local bourse snapping its two-day losing streak. Most of the sectors traded higher today with Energy, Utilities, Healthcare and Telcos leading the charge. The XJO was higher earlier in the session but selling […]
Shanghai: SSE Composite Index (.SSEC) investors sentiment remained bullish China’s stock indices ended higher for a fourth trading day on Tuesday as investors sentiment remained bullish. The benchmark Shanghai Composite Index closed up 0.68 percent at 2,671.89 points. The Shenzhen Component Index ended 1.15 percent higher at 8,010.07 points. MSCI, one of the world’s largest […]
Japanese Yen: USD/JPY (JPY=X) pushes higher again The USD/JPY recovery goes on here, with the price moving back above the 50-day simple moving average (SMA) for the first time since mid-December. Further gains target ¥111.52. Last week saw the price stabilise around ¥109.80, and then break higher. A pullback towards ¥110.00 might provide another buying opportunity. Overall, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Progress of President Trump’s Policies Bringing On Continued Stock Buying Interest US futures point to a higher start this morning with sentiment boosted by US lawmakers reaching an agreement in principle to possibly avert another government shutdown later this week. The S&P 500 futures trade 18 pts, or 0.7%, […]
Bitcoin: USD/BTC (BTC=X) isn’t quite in a bull market yet Following the crypto market’s quiet weekend trading session, most cryptocurrencies have continued to trade flat, and have thus far maintained nearly all of their recent price gains that were incurred during Friday’s market surge. Bitcoin (BTC) has found stability in the mid-$3,600 region and appears […]
NASDAQ Composite (.IXIC) struggling for direction Wall Street struggled for direction on Monday, with investors taking a pause as the United States and China began their latest trade negotiations and U.S. lawmakers tried to reach a deal on border funding. The market started on a strong note over the trade talks after China’s upbeat tone, […]
Dow Jones Industrial Average (.DJI) falls as investors eye progress in this week’s renewed U.S.-China trade talks Stocks were mixed on Monday, Feb. 11, as investors eyed progress in this week’s renewed U.S.-China trade talks. U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in Beijing for trade talks Sunday that will focus […]
Amazon.com, Inc. (NASDAQ:AMZN) acquiring home Wi-Fi start-up Eero Amazon said on Monday that it’s acquiring Eero, a developer of internet routers that can be easily connected in the home. Terms of the deal weren’t disclosed. It’s Amazon’s latest push into the smart home, following the acquisition of video doorbell maker Ring last year for $1 billion. Amazon’s […]
Facebook, Inc. (NASDAQ:FB) blew out earnings, but what can it do to keep growth going? Back in December, I wrote a piece that pained me to write. I suggested you get back into Facebook (NASDAQ:FB). It pained me because — among the cognoscenti and tech experts around which I work — Facebook is about as […]
United States Oil (USO) prices logged their lowest finish in two weeks Benchmark U.S. oil prices logged their lowest finish in two weeks on Monday, weighed down by worries about energy demand and a stronger dollar. Prices, however, finished off the session’s worst levels. John Caruso, senior market strategist at RJO Futures, said the market […]
Apple Inc. (NASDAQ:AAPL) Weak Demand in China for iPhones Apple Inc. was little changed on Monday as investors looked past a report its smartphone shipments plummeted in China in the final quarter of 2018, suggesting that issue, a major headwind over the past several months, is priced into the stock for now. The stock briefly dipped as […]
Alphabet Inc. (NASDAQ:GOOG) Pixel 4 could have support for dual SIM cards The Google Pixel 3 may have only been released a few months ago, but already rumors are starting to emerge regarding the Google Pixel 4. There are plenty of things we expect from the Pixel 4, like that it will most likely have a different […]
FLASH: Speculative-grade bond yields have retraced nearly all of Y 2018’s selloff This action is the latest sign that investors have returned to the market with a after fleeing for safer asset classes at the end of Y 2018. Here is how the market has been acting since 31 December, as follows; Investors have been […]
Hong Kong: HANG SENG INDEX (.HSI) market is hoping US-China trade talks will at least yield an extension of March 1 deadline A 7.6 per cent year-on-year increase in domestic tourism during the Lunar New Year holiday failed to boost stocks on the first day of trading in the Year of the Pig in mainland […]
Singapore: STI Index (.STI) traders watching for developments of next round of US-China talks Asian stocks were mixed on Monday as traders watched for developments on a fresh round of trade talks with the United States this week in Beijing. Markets in China and Taiwan, reopening after a weeklong Lunar New Year break, edged higher […]
Gold 1 OZ (XAU=X) will continue to shine amid a weak dollar Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal. Spot gold was steady at $1,313 per ounce at 0059 GMT. U.S. gold futures were […]
British Pound: USD/GBP (GBP=X) drifts lower within more uncertain period GBP/USD managed to rally through the $1.2979 resistance level on Thursday, with that short-term higher high pointing towards the possibility of further upside to come. However, with the price drifting lower, we are moving closer to the $1.2854 level which would denote a bearish continuation move. […]
Japanese Yen: USD/JPY (JPY=X) Little Guidance from Global Equity Markets The major equity indexes in Asia are trading mixed on Monday with investors watching out for developments on the U.S.-China trade situation. Negotiators are set to go back to the table later after taking the week off due to the Lunar New Year holidays. Last […]
Australian Dollar: USD/AUD (AUD=X) remains pressured following a dovish shift from the RBA last week The Australian dollar remains pressured following the Reserve Bank of Australia’s (RBA) dovish shift last week. After starting the week at .7250, the AUD/USD ended it at .7088, representing a decline of 2.2%. It was the largest weekly decline in […]
Shanghai: SSE Composite Index (.SSEC) boosted by consumer stocks Better earnings reported by luxury brands boosted sentiment in the Hong Kong and China stock markets on Monday, with all mainland Chinese gauges finishing higher on the first trading day of the Year of the Pig. The benchmark Shanghai Composite Index had traded flat during most […]
Australia: S&P/ASX 200 (.AXJO) poised for a big week of earnings Investors are poised for a big week of earnings, with a number of the local sharemarket’s most shorted stocks set to report their results this week. JB Hi-Fi, Super Retail Group, IOOF Holdings, Amcor, Bendigo & Adelaide Bank and AMP will all report earnings […]
After scaring off foreign investors with Racist policies against the White population, South Africa is now struggling to survive. South Africa on Monday has had to resort to its most severe electricity rationing in nearly five years, presenting President Cyril Ramaphosa with a major political challenge just months ahead of the May general election. The […]
Alibaba Group Holding Limited (NYSE:BABA) core commerce business It will come as no surprise that the majority of Alibaba’s money comes from its core commerce segment. In fact, its cluster of commerce businesses made up 88% of its revenue for the most recent period. For the three months ended in December, revenue from core commerce increased […]
NASDAQ Composite (.IXIC) positive corporate results offset lingering scepticism over the United States and China reaching a trade deal The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering scepticism over the United States and China reaching a trade deal before […]
Activision Blizzard, Inc. (NASDAQ:ATVI) layoffs are expected in the coming days It has been a rather troubling year for Blizzard fans all-told. That is, based on the reports about what has been going on behind the scenes. From the departure of longtime CEO Mike Morhaime to the scaling back of Heroes of the Storm to […]
Bitcoin: USD/BTC (BTC=X) May Soon Surge to $5,000 Following the positive volatility the markets experienced on Friday, Bitcoin (BTC) has been able to find stability in the $3,600 region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains. Now, one analyst is claiming that Bitcoin may surge as high as $5,000 […]
United States Oil (USO) energy firms last week increased the number of oil rigs operating for the second time in three weeks Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. In […]
Facebook, Inc. (NASDAQ:FB) made anywhere between $5 billion and $7 billion from Chinese advertisers In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. FACEBOOK’S FIFTH LARGEST MARKET, SURPRISINGLY, […]
Dow Jones Industrial Average (.DJI) earnings season winds down The Dow Jones Industrial Average and its counterpart in that of the S&P 500 will take their cues largely from non-scheduled data next week. As earnings season winds down, sentiment and price action will turn once again to the larger overarching themes that equities have faced for months. Trade wars remain […]
Apple Inc. (NASDAQ:AAPL) iPhone business is experiencing some turbulence Apple‘s (NASDAQ:AAPL) iPhone business is experiencing some turbulence from a number of factors, including lengthening smartphone upgrade cycles, trade tensions between the U.S. and China, and the company’s temporary low-cost iPhone battery-replacement program. Now, according to a new report from Bloomberg, Apple has apparently “asked retail employees to promote new […]
Why cancel Netflix, Inc. (NASDAQ:NFLX)? The streaming leader does not require a subscription. You can sign up for a month, watch a whole bunch of shows, and then leave. The company’s steady subscriber growth suggests that’s not happening in any major numbers, but that doesn’t mean you can’t make it work for you. Whether you […]
$DIA, $SPY, $QQQ, $RUTX, $VXX More earnings coming, but investors are looking farther out now. Last week the market was set up to pullback, and trade triggered the action. The selling was not heavy, but a normal pullback to near-term support by the index marks and by most of the leadership issues The action is […]
The war of words continues between One Nation MP Charles Smith and the Minister for Police, Michelle Roberts, as Mr Smith accuses her latest response towards Maddington’s increasing crime rate as fostering a culture of arrogance and denial. Ms Roberts recently accused Mr Smith of “scaremongering” and “chasing cheap publicity” in response to his calls […]