Gold ETFs Seeing Support After Correction

Gold ETFs Seeing Support After Correction

$GLD, $XAU, $XAG, $USD, $UGLD, $NUGT, $NEM, $GOLD Ongoing trade tensions between the US and China, along with geopolitical tension in the Middle East, have underpinned gold prices throughout most of Y 2019. Plus, a weakening USD this year brought about by 3 Fed interest rate cuts has helped support the precious Yellow metal, as the two assets […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in and the market is posting record highs almost on a daily basis. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report, earnings […]

Ferrari’s (NYSE:RACE) Plan: Build its Luxury Brand

Ferrari’s (NYSE:RACE) Plan: Build its Luxury Brand

$RACE Since taking over as CEO Louis Camilleri has largely shunned the spotlight, shunning the media and commenting publicly about the business only during Quarterly conference calls and once at the presentation of its new 5 year industrial plan. Being a tobacco executive offered relevant lessons for running Ferrari, Mr. Camilleri said in his 1st […]

Commentary: Merkel Needs President Trump to End the Trade Dispute

Commentary: Merkel Needs President Trump to End the Trade Dispute

$VLKAY, $BMWYY, $DDAIF The German economy is at the cusp of recession Now 30 yrs after the fall of the Berlin Wall, and 29 years after Germany was reunified into 1 country, Europe’s strongest economy is facing significant headwinds that risk spilling over into the rest of the EU and the world The closely watched […]

The Walt Disney Company (NYSE:DIS) reported better-than-expected quarterly results

The Walt Disney Company (NYSE:DIS) reported better-than-expected quarterly results

The Walt Disney Company (NYSE:DIS) reported better-than-expected quarterly results Walt Disney Co. on Thursday reported better-than-expected quarterly results, fueled by the release of blockbuster films “Aladdin” and “The Lion King” as it prepared for its new streaming television service. Disney profit in the recently ended quarter was $1.05 billion, down from $2.3 billion a year […]

Rapper Drake has partnered with Canopy Growth on a new cannabis venture

Rapper Drake has partnered with Canopy Growth on a new cannabis venture

Rapper Drake has partnered with Canopy Growth on a new cannabis venture, the company announced Thursday, expanding the Canadian pot giant’s list of celebrity backers. He joins Seth Rogen, Evan Goldberg, Martha Stewart and Snoop Dogg in partnering with Canopy Growth. The new company, More Life Growth Company, will be based in Drake’s hometown of […]

Dow Jones Industrial Average (.DJI) Record High On China News As This Key Stock Breaks Out

Dow Jones Industrial Average (.DJI) Record High On China News As This Key Stock Breaks Out

Dow Jones Industrial Average (.DJI) Record High On China News As This Key Stock Breaks Out The Dow Jones industrials soared 0.9%, the Nasdaq rose 0.8% and the S&P 500 gained 0.6%. Small caps tracked by the Russell 2000 were up nearly 0.7%. Volume was tracking lower on both exchanges vs. the same time Wednesday. […]

Amazon.com, Inc. (NASDAQ:AMZN) New Grocery Chain Shouldn’t Worry Rivals — Yet

Amazon.com, Inc. (NASDAQ:AMZN) New Grocery Chain Shouldn’t Worry Rivals — Yet

Amazon.com, Inc. (NASDAQ:AMZN) New Grocery Chain Shouldn’t Worry Rivals — Yet Reports last month that Amazon.com (NASDAQ: AMZN) had signed leases for its new grocery store chain that is separate from Whole Foods failed to disturb its rivals in the way that prior announcements of its moves into physical retail have. While that’s partly because the original news […]

GrowLife, Inc. (OTC:PHOT) Technical Outlook

GrowLife, Inc. (OTC:PHOT) Technical Outlook

GrowLife, Inc. (OTC:PHOT) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks A white body […]

Twitter, Inc. (NYSE:TWTR) lower after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line

Twitter, Inc. (NYSE:TWTR) lower after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line

Twitter, Inc. (NYSE:TWTR) lower after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line Shares of Twitter Inc. TWTR, -1.66% are off 1.6% in premarket trading Thursday after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line. “While we believe 3Q’s specific tech […]

United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute

United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute

United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom […]

Tesla, Inc. (NASDAQ:TSLA) receives a stamp of approval from S&P Global Ratings

Tesla, Inc. (NASDAQ:TSLA) receives a stamp of approval from S&P Global Ratings

Tesla, Inc. (NASDAQ:TSLA) receives a stamp of approval from S&P Global Ratings Tesla stock (NASDAQ:TSLA) received a stamp of approval from S&P Global Ratings on Wednesday, with the firm revising its outlook on the electric car maker’s bonds from “Negative” to “Positive.” The revised outlook came as a result of Tesla’s stronger-than-expected cash flow and […]

Ethereum: USD/ETH (ETH=) price is facing an increase in selling pressure

Ethereum: USD/ETH (ETH=) price is facing an increase in selling pressure

Ethereum: USD/ETH (ETH=) price is facing an increase in selling pressure After a decent upward move above $190, Ethereum struggled to continue higher against the US Dollar. As a result, ETH started a downward move and broke the $190 support area. Furthermore, there was a break below the $188 support area and the 100 hourly […]

Alphabet Inc. (NASDAQ:GOOG) cloud computing and wearables could help move the needle

Alphabet Inc. (NASDAQ:GOOG) cloud computing and wearables could help move the needle

Alphabet Inc. (NASDAQ:GOOG) cloud computing and wearables could help move the needle Alphabet (NASDAQ:GOOG) stock is holding steady thanks to the announced Fitbit (NYSE:FIT) acquistion. Prior to this announcement, shares fell from their 52-week high of $1,299.31 to as low as $1250.84 per share due to an earnings miss on Oct. 28. But thanks to this potentially game-changing deal, […]

Shanghai: SSE Composite Index (.SSEC) May Test Resistance At 3,000 Points

Shanghai: SSE Composite Index (.SSEC) May Test Resistance At 3,000 Points

Shanghai: SSE Composite Index (.SSEC) May Test Resistance At 3,000 Points The China stock market ticked higher again on Thursday, one day after it had halted the three-day winning streak in which it had gathered more than 60 points or 2 percent. The Shanghai Composite Index remains just beneath the 2,980-point plateau and it’s got […]

Canadian Dollar: USD/CAD (CAD=X) Ahead – Canadian Employment Data

Canadian Dollar: USD/CAD (CAD=X) Ahead – Canadian Employment Data

Canadian Dollar: USD/CAD (CAD=X) Ahead – Canadian Employment Data USD/CAD is trading sideways in Thursday trade. In the North American session, the pair is trading at 1.3187, up 0.01%. Ahead – Canadian Employment Data Traders should be prepared for possible volatility from USD/CAD on Friday, with the release of key employment reports. The employment change indicator is projecting […]

New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330

New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330

New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330 After posting losses for three straight sessions, NZD/USD is flat in Thursday trade. In the European session, the pair is trading at 0.6367, up 0.04% on the day. There are no New Zealand events for the remainder of the week. NZD/USD Technical Analysis NZD/USD has moved lower this week, […]

British Pound: USD/GBP (GBP=X) sinks on Bank of England division

British Pound: USD/GBP (GBP=X) sinks on Bank of England division

British Pound: USD/GBP (GBP=X) sinks on Bank of England division The pound US dollar exchange rate eased this afternoon after the Bank of England (BoE) left its interest rate unchanged at 0.75 percent. This came despite two dissenting policymakers voting to cut the rate to 0.5 percent. The BoE was gloomy in its forecasts for […]

Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving

Euro: USD/EUR (EUR=X) Economic Data has been Improving The forex economic calendar has been light for the Euro in recent days, not atypical once we make it past the first few days of the month. Overall, Eurozone economic data has been steadily improving over the past few weeks, at least when trying to measure releases […]

Singapore: STI Index (.STI) investors look for concrete details in a possible trade agreement between the United States and China

Singapore: STI Index (.STI) investors look for concrete details in a possible trade agreement between the United States and China

Singapore: STI Index (.STI) investors look for concrete details in a possible trade agreement between the United States and China The Singapore stock market has finished higher in three straight sessions, rising almost 35 points or 1 percent along the way. The Straits Times Index now rests just above the 3,260-point plateau although it may […]

Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets

Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets

Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets The USD/JPY started the day below the 109 handle on Thursday and spent the Asian session in a calm manner but rose sharply during the European trading hours after China’s Commerce Ministry said that the United States and China have agreed to roll back tariffs. […]

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise The S&P/ASX 200 index returned to form on Thursday and pushed notably higher. The benchmark index finished the day 1% higher at 6,726.6 points. Will the local share market be able to build on this on Friday? Here are five things to watch: ASX 200 expected to rise.    […]

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior

Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior The Australian dollar has shown signs of erratic behavior over the last 24 hours but this should not be a huge surprise considering that we continue to have mixed messages coming out of the trade war between the United States and China. However, part of the resiliency that […]

Hong Kong: HANG SENG INDEX (.HSI) trading higher on reports China and the US have agreed on a plan to roll back additional tariffs in phases

Hong Kong: HANG SENG INDEX (.HSI) trading higher on reports China and the US have agreed on a plan to roll back additional tariffs in phases

Hong Kong: HANG SENG INDEX (.HSI) trading higher on reports China and the US have agreed on a plan to roll back additional tariffs in phases Hong Kong stocks turned up in late trading Thursday on reports China and the US have agreed on a plan to roll back additional tariffs in phases, a potentially […]

Silver 1 OZ 999 NY (XAG=X) trying to decide where it wants to go for the longer-term move

Silver 1 OZ 999 NY (XAG=X) trying to decide where it wants to go for the longer-term move

Silver 1 OZ 999 NY (XAG=X) trying to decide where it wants to go for the longer-term move Silver markets fell a bit during the trading session on Thursday, testing the uptrend line that has been so crucial for this market. At this point, it should also be noted that the 50 day EMA sits just […]

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets Safe-haven gold prices are moderately down in early U.S. dealings Thursday. The precious metals bulls continue to be hamstrung by rallying world stock markets that saw the U.S. indexes score record highs again overnight. The gold and silver bulls need a fresh dose of geopolitical uncertainty, which […]

Trails of Indochina Marks 20 Years At The Top of Asia’s Tourism Game

Trails of Indochina Marks 20 Years At The Top of Asia’s Tourism Game

Founder gears up further innovation as boutique operator celebrates landmark anniversary One of Asia’s most pioneering boutique tour operators, Trails of Indochina, is bearing down on a new set of standards in immersive tailor-made travel in the region after marking its 20th anniversary. Having recently expanded from Southeast Asia into East Asian nations such as Taiwan, […]

The Anam Schools Guests in Vietnamese Martial Art and Self-Defense

The Anam Schools Guests in Vietnamese Martial Art and Self-Defense

Holidaymakers of all ages at Vietnam’s new “it” destination are kicking, foot sweeping and wrestling their way to fitness as part of the Anam’s new in-resort vovinam classes. Based on the ancient Asian philosophy of yin and yang, vovinam endeavours to align body and mind through the art of self-defence. Vovinam ranks as the largest and […]

NASDAQ Composite (.IXIC) has again been hit by trade jitters

NASDAQ Composite (.IXIC) has again been hit by trade jitters

NASDAQ Composite (.IXIC) has again been hit by trade jitters US stocks ended little changed on Wednesday as a report the US-China trade deal could be delayed until December was offset by gains in healthcare shares. The Nasdaq broke a three-day string of record closing highs, and the Dow barely snapped its two-day run of […]

Bitcoin: USD/BTC (BTC=X) Inches Higher as Trading Volume Climbs

Bitcoin: USD/BTC (BTC=X) Inches Higher as Trading Volume Climbs

Bitcoin: USD/BTC (BTC=X) Inches Higher as Trading Volume Climbs Bitcoin’s price has been slowly inching higher after briefly visiting its range lows around $9,000 this past weekend, but in order for bulls to maintain their growing strength, it is imperative that they push BTC past its range high resistance level at $9,500. Analysts are now […]

Baidu, Inc. (NASDAQ:BIDU) beat revenue estimates in its latest quarter but still posted a net loss

Baidu, Inc. (NASDAQ:BIDU) beat revenue estimates in its latest quarter but still posted a net loss

Baidu, Inc. (NASDAQ:BIDU) beat revenue estimates in its latest quarter but still posted a net loss Chinese internet search leader Baidu beat revenue estimates in its latest quarter but still posted a net loss, which it blamed largely on equity investments that fared poorly. The Beijing-based search leader said its total revenues in the third […]

Facebook, Inc. (NASDAQ:FB) delivers a blowout quarter

Facebook, Inc. (NASDAQ:FB) delivers a blowout quarter

Facebook, Inc. (NASDAQ:FB) delivers a blowout quarter Facebook has had its share of tough issues to manage over the past year. The company continued to deal with the fallout from its involvement in a data breach scandal related to the 2016 U.S. presidential election that affected millions of Facebook accounts. The tech giant had to pay a […]

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row Oil futures finished lower on Wednesday after U.S. government data revealed that domestic crude supplies rose for a second week in a row, by nearly 8 million barrels. The build of 7.9 million […]

Ethereum: USD/ETH (ETH=) price could decline heavily if it breaks $186

Ethereum: USD/ETH (ETH=) price could decline heavily if it breaks $186

Ethereum: USD/ETH (ETH=) price could decline heavily if it breaks $186 Recently, there was a decent rise in Ethereum above the $188 and $190 resistance levels against the US Dollar. Moreover, ETH price traded above the $192 resistance area and settled above the 100 hourly simple moving average. However, the price faced a strong resistance near the […]

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk said he will unveil the Tesla Cybertruck pickup truck on Nov. 21 at an event in Los Angeles

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk said he will unveil the Tesla Cybertruck pickup truck on Nov. 21 at an event in Los Angeles

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk said he will unveil the Tesla Cybertruck pickup truck on Nov. 21 at an event in Los Angeles Tesla CEO Elon Musk on Wednesday said Tesla will unveil the Cybertruck, its pickup truck on Nov. 21 in Los Angeles. Musk also tweeted that it’s the location and month in the […]

A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for unfair fees and dodgy financial advice

A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for unfair fees and dodgy financial advice

National Australia Bank announced Thursday that its profits fell more than 13 percent in 2019, the latest in a string of poor results for the country’s banks as they address years of rampant malpractice. A damaging industry scandal has forced NAB and Australia’s other major banks to allocate billions of dollars to repay customers for […]

Shanghai: SSE Composite Index (.SSEC) Investors watch for market reaction to overnight developments on U.S.-China trade

Shanghai: SSE Composite Index (.SSEC) Investors watch for market reaction to overnight developments on U.S.-China trade

Shanghai: SSE Composite Index (.SSEC) Investors watch for market reaction to overnight developments on U.S.-China trade Shares in Asia Pacific were mixed in Thursday morning trade amid reports of a potential delay in the signing of a U.S.-China trade deal. Mainland Chinese stocks were mixed in early trade, with the Shanghai composite down around 0.2% […]

Canadian Dollar: USD/CAD (CAD=X) Canadian Ivey PMI Loses Ground

Canadian Dollar: USD/CAD (CAD=X) Canadian Ivey PMI Loses Ground

Canadian Dollar: USD/CAD (CAD=X) Canadian Ivey PMI Loses Ground USD/CAD has recorded slight gains on Wednesday. In the North American session, the pair is trading at 1.3182, up 0.21%. Canadian Ivey PMI Loses Ground Canada’s Ivey PMI remained in contraction territory for a second straight month, with a weak reading of 48.2 in October. This was […]

Silver 1 OZ 999 NY (XAG=X) showing signs of life again

Silver 1 OZ 999 NY (XAG=X) showing signs of life again

Silver 1 OZ 999 NY (XAG=X) showing signs of life again Silver markets initially break down below the uptrend line during the trading session on Wednesday, but then turned around to form a relatively supportive looking candle. If that’s going to be the case, then it looks as if the uptrend may have just saved […]

Singapore: STI Index (.STI) Continuation of Uptrend

Singapore: STI Index (.STI) Continuation of Uptrend

Singapore: STI Index (.STI) Continuation of Uptrend Most stock markets in the region traded flat or lower on Wednesday as investors waited for more developments on US-China trade, but Singapore bucked the trend, boosted by bright spots in corporate earnings. Local shares rose for a third straight session, with the Straits Times Index closing at […]

Hong Kong: HANG SENG INDEX (.HSI) investors bag profits while waiting for fresh news on US-China trade negotiations

Hong Kong: HANG SENG INDEX (.HSI) investors bag profits while waiting for fresh news on US-China trade negotiations

Hong Kong: HANG SENG INDEX (.HSI) investors bag profits while waiting for fresh news on US-China trade negotiations The Hang Seng Index extended a winning streak to a fifth day, eking a teensy gain as investors bagged profits while waiting for fresh news on US-China trade negotiations. China stocks ended down. The Hang Seng rose […]

Japanese Yen: USD/JPY (JPY=X) expect choppy behaviour

Japanese Yen: USD/JPY (JPY=X) expect choppy behaviour

Japanese Yen: USD/JPY (JPY=X) expect choppy behaviour The US dollar pulled back slightly during the trading session on Wednesday in early trading, as we continue to bang up against the crucial 61.8% Fibonacci retracement level. If we can get a major breakout from here, this could be monumental. The US dollar has pulled back a bit […]

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open

Euro: USD/EUR (EUR=X) plummets into initial support hurdles- near-term risk is lower below the monthly open Euro has plummeted against the US Dollar since the start of the month with price falling to multi-week range-lows today in New York trade. While the broader focus is still weighted to the topside, the near-term outlook remains vulnerable after reversing off […]

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level The British pound has pulled back slightly during the trading session on Wednesday, as we continue to see a lot of choppiness in this general vicinity. The 1.29 level seems to be a bit of a fulcrum […]

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact

Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact On Oct 31 AUD/USD rose to a multi-month high at 0.6929. Later, buyers tried to rally the price further however, they have not been successful in overtaking this level. Similarly, NZD/USD rallied at the start of this week to 0.6460 – its highest level in over two […]

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00 Gold prices are modestly up on an upside correction after suffering sharp losses Tuesday. Rallying world stock markets that saw the U.S. indexes score record highs on Tuesday continue to squelch buying interest in the safe-haven metals. December gold futures were last up $4.60 an ounce at 1,488.30. December Comex […]

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations

New Zealand Dollar: NZD/USD (NZD=X) Job Data Within Expectations NZD/USD has posted small losses in Wednesday trade. New Zealand Job Data Within Expectations There were no surprises from New Zealand’s employment numbers for the third quarter. The numbers were weaker in the Q3, as the U.S.-China trade war and weaker global demand continue to weigh on […]

Alibaba Group Holding Limited (NYSE:BABA) stock looks attractive given the company’s upside potential from here

Alibaba Group Holding Limited (NYSE:BABA) stock looks attractive given the company’s upside potential from here

Alibaba Group Holding Limited (NYSE:BABA) stock looks attractive given the company’s upside potential from here Alibaba (NYSE:BABA) posted solid earnings and cash flow growth for the September 2019 quarter. Alibaba stock looks attractive given the company’s upside potential from here. Analysts put the stock’s potential at $200 per share, up almost 14% from today’s price. According […]

NASDAQ Composite (.IXIC) continue to hit record highs

NASDAQ Composite (.IXIC) continue to hit record highs

NASDAQ Composite (.IXIC) continue to hit record highs It’s the market that continues mostly upward, even though there’s still plenty to worry about. The Dow Jones industrial average and the Nasdaq closed at record highs yet again Tuesday, and the S&P 500 closed barely below the all-time high it reached a day earlier. The gains […]

Ethereum: USD/ETH (ETH=) Runs Towards $190

Ethereum: USD/ETH (ETH=) Runs Towards $190

Ethereum: USD/ETH (ETH=) Runs Towards $190 After a long period of trading sideways within the mid-$180 region, Ethereum (ETH) has now begun to incur significant upwards momentum that has pushed it up to $190, which is where it faces some notable resistance that could ultimately push its price lower in the near-term. Analysts are now […]

Apple Inc. (NASDAQ:AAPL) dedicated ad agency is cutting staff

Apple Inc. (NASDAQ:AAPL) dedicated ad agency is cutting staff

Apple Inc. (NASDAQ:AAPL) dedicated ad agency is cutting staff Apple’s dedicated ad agency is cutting staff. Media Arts Lab, a unit within Omnicom Group agency TBWA that’s dedicated to Apple advertising, laid off several staffers Monday. The company wouldn’t say how many were laid off, but a report from Bloomberg, which first broke the news, […]

Alphabet Inc. (NASDAQ:GOOG) Innovation at a Reasonable Price

Alphabet Inc. (NASDAQ:GOOG) Innovation at a Reasonable Price

Alphabet Inc. (NASDAQ:GOOG) Innovation at a Reasonable Price Like Apple, Alphabet is an innovative company and its innovative DNA extends beyond its core competency of internet search. Even with a sprawling business model that touches various disruptive themes, such as artificial intelligence, cloud computing, autonomous vehicles and Internet of Things (IoT), Google stock isn’t excessively […]

United States Oil (USO) investors focus on data from the Energy Information Administration due out today

United States Oil (USO) investors focus on data from the Energy Information Administration due out today

United States Oil (USO) investors focus on data from the Energy Information Administration due out today Brent crude futures were at $62.60 a barrel by 0330 GMT, down 36 cents, or 0.6%. Brent settled up 1.3% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.5%, to $56.94 per barrel, having […]

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said Wednesday, as investments in start-ups such as WeWork and Uber took a massive hit. In the three-month period ending September 30, operating losses hit a whopping 704.4 billion yen ($6.4 billion). The firm said first-half operating losses from […]

Bitcoin: USD/BTC (BTC=X) Rich List experiencing rapid growth

Bitcoin: USD/BTC (BTC=X) Rich List experiencing rapid growth

Bitcoin: USD/BTC (BTC=X) Rich List experiencing rapid growth The Bitcoin Rich List has experienced rapid growth in the past 12 months as more bitcoins are consolidated into larger wallets—or new money is entering the space.  The Rich List is a table that shows how many wallets contain certain amounts of Bitcoin. It’s based on blockchain data […]

Dow Jones Industrial Average (.DJI) stocks extend record highs amid powerful cyclical rally

Dow Jones Industrial Average (.DJI) stocks extend record highs amid powerful cyclical rally

Dow Jones Industrial Average (.DJI) stocks extend record highs amid powerful cyclical rally The Dow Jones Industrial Average rose slightly to a fresh record on Tuesday, lifted by strong economic data and new developments between the U.S. and China on trade. The 30-stock gauge gained about 30.52 points, or 0.1%, to a new record closing […]

A Merger between Fiat Chrysler and Peugeot owner PSA Group marks the beginning of the end of Elon Musk’s dominance in the electric-vehicle space

A Merger between Fiat Chrysler and Peugeot owner PSA Group marks the beginning of the end of Elon Musk’s dominance in the electric-vehicle space

A Merger between Fiat Chrysler and Peugeot owner PSA Group marks the beginning of the end of Elon Musk’s dominance in the electric-vehicle space Tesla has been put on notice. The $50 billion merger between Fiat Chrysler and Peugeot owner PSA Group marks the beginning of the end of Elon Musk’s dominance in the electric-vehicle […]

DAX PERFORMANCE-INDEX (.GDAXI) Technical Levels to Watch

DAX PERFORMANCE-INDEX (.GDAXI) Technical Levels to Watch

DAX PERFORMANCE-INDEX (.GDAXI) Technical Levels to Watch DAX positive momentum keeps pushing the index to fresh yearly highs with small daily corrections making lower lows and higher highs as the Dax benchmark trades above all major daily moving averages and inside the ascending channel which started back in December 2018. Dax has reached overbought levels […]

Singapore: STI Index (.STI) share benchmarks across most countries bucked the “October effect”

Singapore: STI Index (.STI) share benchmarks across most countries bucked the “October effect”

Singapore: STI Index (.STI) share benchmarks across most countries bucked the “October effect” Share benchmarks across most countries bucked the “October effect”, with the Straits Times Index (STI) posting a 4 per cent monthly gain, the Singapore Exchange (SGX) noted yesterday. Trading was affected by a week-long national holiday in China and the announcement of […]

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009 The pound was left muted against the US dollar today, as data showed the UK service sector stagnated, with the pairing currently trading at around $1.287. The pound edged slightly higher against the US dollar on Tuesday, although any […]

Shanghai: SSE Composite Index (.SSEC) investors cheered Beijing’s latest policy easing to boost the economy

Shanghai: SSE Composite Index (.SSEC) investors cheered Beijing’s latest policy easing to boost the economy

Shanghai: SSE Composite Index (.SSEC) investors cheered Beijing’s latest policy easing to boost the economy Chinese stocks extended a rally into a third session on Tuesday, as investors cheered Beijing’s latest policy easing to boost the economy after a private survey showed sluggish growth in the domestic services sector. The blue-chip CSI300 index .CSI300 ended up 0.6% […]

UK FTSE 100 (.FTSE) investors wait for another trade deal update

UK FTSE 100 (.FTSE) investors wait for another trade deal update

UK FTSE 100 (.FTSE) investors wait for another trade deal update The FTSE 100 index closed higher after a fairly subdued session on Tuesday with US stocks happy to consolidate around recent record levels awaiting more news on trade talks. At the close, the UK blue-chip index was up 18.39 points, or 0.3% at 7,388.08, […]

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22 The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for risk assets undermined precious metals. Meanwhile, the U.S. services sector rose more than expected in October, allaying fears of recession for […]

Bitcoin: USD/BTC (BTC=X) price struggles for a bullish breakout continues with a falling trendline capping gains

Bitcoin: USD/BTC (BTC=X) price struggles for a bullish breakout continues with a falling trendline capping gains

Bitcoin: USD/BTC (BTC=X) price struggles for a bullish breakout continues with a falling trendline capping gains Bitcoin’s (BTC) struggle for a bullish breakout continues with a falling trendline capping gains for the fifth time in 11 days. The top cryptocurrency is currently trading in the red near $9,300 on Bitstamp, having faced rejection near $9,470 […]

Hong Kong: HANG SENG INDEX (.HSI) stock gains come despite protests, economic concerns

Hong Kong: HANG SENG INDEX (.HSI) stock gains come despite protests, economic concerns

Hong Kong: HANG SENG INDEX (.HSI) stock gains come despite protests, economic concerns Signs of euphoria are showing in Hong Kong’s stock market as investors brush off five months of protests and an economic recession. The Hang Seng Index is up 11% from August’s intraday low and back through the key 27,000-point level. The rally is […]

Silver 1 OZ 999 NY (XAG=X) solid support at $17.44

Silver 1 OZ 999 NY (XAG=X) solid support at $17.44

Silver 1 OZ 999 NY (XAG=X) solid support at $17.44 Gold and silver prices are lower and hitting new daily lows in early U.S. trading Tuesday, as rallying world stock markets that saw the U.S. indexes score more record highs overnight are keeping demand for the safe-haven metals squelched. December gold futures were last down $14.20 an ounce […]

Canadian Dollar: USD/CAD (CAD=X) immediate support at 1.3120

Canadian Dollar: USD/CAD (CAD=X) immediate support at 1.3120

Canadian Dollar: USD/CAD (CAD=X) immediate support at 1.3120 USD/CAD has been range-bound in November, as the pair remains lackluster. On the downside, there is immediate support at 1.3120, and this line is vulnerable to a breakout. The 50-EMA, which is currently at 1.3185, has been a resistance line since last week, which is indicative of a […]

Japanese Yen: USD/JPY (JPY=X) market looks more bullish in the short term

Japanese Yen: USD/JPY (JPY=X) market looks more bullish in the short term

Japanese Yen: USD/JPY (JPY=X) market looks more bullish in the short term The US dollar has rallied again during the trading session on Tuesday, reaching towards the ¥109 level which also features the 200 day EMA. The US dollar has rallied significantly during the trading session on Tuesday but is also testing the crucial 200 day EMA. […]

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower

Australian Dollar: USD/AUD (AUD=X) momentum trending lower The Australian Dollar is trading higher on Tuesday, recovering from early session weakness, after Reserve Bank of Australia policymakers decided to hold policy steady at 0.75%, as expected, while upgrading forward-guidance. The final paragraph of the RBA’s monetary policy statement is steering Aussie Dollar prices higher. In it, […]

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern

Australia: S&P/ASX 200 (.AXJO) flirting with confirming bullish break out pattern Positioning in Australia’s benchmark ASX 200 stock index is similarly eye-catching. Prices are hovering within a hair of what could be the top a Symmetrical Triangle pattern. If confirmed on a daily close above the 6775.60, the setup would carry bullish continuation implications. Initial […]

NASDAQ Composite (.IXIC) higher as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite

NASDAQ Composite (.IXIC) higher as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite

NASDAQ Composite (.IXIC) higher as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite Technology stocks pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite. Washington and Beijing said on Friday they had […]

Fitbit acquisition gives Alphabet Inc. (NASDAQ:GOOG) a bridge to the $3 trillion health care market

Fitbit acquisition gives Alphabet Inc. (NASDAQ:GOOG) a bridge to the $3 trillion health care market

Fitbit acquisition gives Alphabet Inc. (NASDAQ:GOOG) a bridge to the $3 trillion health care market Alphabet GOOGL, owner of Google, announced last week that it would be acquiring wearable fitness company Fitbit FIT, for roughly $2.1 billion. The move ramps up the competition in the wearables space as tech giants elbow for market share. Google’s Silicon Valley […]

Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone

Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone

Apple Inc. (NASDAQ:AAPL) is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone Apple is fleshing out ideas for an eccentric iPhone that would include a glass screen that wraps all the way around the smartphone, according to new patent claims filed by […]

The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test

The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test

The Boeing Company (NYSE:BA) Starliner crew capsule successfully performed an emergency abort test Boeing’s Starliner crew capsule successfully performed an emergency abort test Monday, meeting a key requirement before it can take US astronauts to the International Space Station as early as next year. The test took place in the New Mexico desert at the […]

Ethereum: USD/ETH (ETH=) Consolidates Alongside Bitcoin

Ethereum: USD/ETH (ETH=) Consolidates Alongside Bitcoin

Ethereum: USD/ETH (ETH=) Consolidates Alongside Bitcoin After facing some downwards pressure yesterday, Ethereum (ETH) has been able to post a decent climb today that has allowed it to further establish its current foothold within the mid-$180 region. This price action has been strikingly similar to that of Bitcoin, and it does appear that the two […]

President Xi Jinping pledged to further open China’s economy

President Xi Jinping pledged to further open China’s economy

President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai. Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets […]

Bitcoin: USD/BTC (BTC=X) Climbs Slightly as Analysts Anticipate Imminent Big Movement

Bitcoin: USD/BTC (BTC=X) Climbs Slightly as Analysts Anticipate Imminent Big Movement

Bitcoin: USD/BTC (BTC=X) Climbs Slightly as Analysts Anticipate Imminent Big Movement At the time of writing, Bitcoin trading up roughly 1% at its current price of $9,300, which is the highest point that it has been trading at over the past 24 hours. Bitcoin’s short-term bullishness came about after the crypto briefly visited $9,150 yesterday, which appears to be a near-term […]

United States Oil (USO) on U.S.-China hopes, improved demand outlook

United States Oil (USO) on U.S.-China hopes, improved demand outlook

United States Oil (USO) on U.S.-China hopes, improved demand outlook Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month. Brent crude futures gained 47 cents to settle at $62.17 a barrel. US West Texas […]

Dow Jones Industrial Average (.DJI) stocks propelled higher as optimism about a near-term U.S.-China trade resolution

Dow Jones Industrial Average (.DJI) stocks propelled higher as optimism about a near-term U.S.-China trade resolution

Dow Jones Industrial Average (.DJI) stocks propelled higher as optimism about a near-term U.S.-China trade resolution The Dow Jones Industrial Average joined other major indexes in record territory Monday, with stocks propelled higher as optimism about a near-term U.S.-China trade resolution and a third-quarter earnings season that has been better than feared buoyed sentiment on […]

Hong Kong’s economic woes showed no sign of easing

Hong Kong’s economic woes showed no sign of easing

Hong Kong’s economic woes showed no sign of easing Wednesday after a key measure of business confidence fell to its lowest level in more than a decade as the city reels from the global trade war and violent democracy protests. The Purchasing Managers Index — which measures the health of the private sector — dropped […]

Alibaba Group Holding Limited (NYSE:BABA) breaking out as trade progress between the U.S. and China hits the headlines again

Alibaba Group Holding Limited (NYSE:BABA) breaking out as trade progress between the U.S. and China hits the headlines again

Alibaba Group Holding Limited (NYSE:BABA) breaking out as trade progress between the U.S. and China hits the headlines again Chinese stocks are breaking out as trade progress between the U.S. and China hits the headlines again. The FXI China large-cap ETF soared more than 1% on Monday, adding to 2% gains seen at the end […]

New Meliá Ho Tram Beach Resort in Vietnam Welcomes Executive Chef

New Meliá Ho Tram Beach Resort in Vietnam Welcomes Executive Chef

Five-star Meliá Ho Tram Beach Resort  has appointed a seasoned executive chef with two decades of luxury hospitality experience in Africa, Asia and North America. Tunisian-born Mahdi Ghenam joins the new 17-hectare resort overlooking Ho Tram Beach, within easy reach of Ho Chi Minh City, after working as executive chef at Fusion Resort Phu Quoc. Ghenam […]

Shanghai: SSE Composite Index (.SSEC) helped by increasing optimism about the prospects for a Sino-U.S. trade deal

Shanghai: SSE Composite Index (.SSEC) helped by increasing optimism about the prospects for a Sino-U.S. trade deal

Shanghai: SSE Composite Index (.SSEC) helped by increasing optimism about the prospects for a Sino-U.S. trade deal China stocks ended higher on Monday, helped by increasing optimism about the prospects for a Sino-U.S. trade deal. The blue-chip CSI300 index rose 0.7% to 3,978.12, while the Shanghai Composite Index added 0.6% to 2,975.49. The United States […]

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon

New Zealand Dollar: NZD/USD (NZD=X) buyers will return and the uptrend will resume soon Risk currencies had a great time in October. The risk sentiment improved in financial markets after the US-China partial trade deal and the Brexit deal, although the latter didn’t pass the British Parliament. As a result, NZD/USD turned bullish and it climbed more […]

UK FTSE 100 (.FTSE) reaching new peaks on hopes that the US and China may sign a provisional trade deal this month to end the lengthy wrangling

UK FTSE 100 (.FTSE) reaching new peaks on hopes that the US and China may sign a provisional trade deal this month to end the lengthy wrangling

UK FTSE 100 (.FTSE) reaching new peaks on hopes that the US and China may sign a provisional trade deal this month to end the lengthy wrangling FTSE 100 index closed up as US shares hit new record highs, including the Dow Jones Industrial Average. Shares stateside are reaching new peaks on hopes that the […]

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility

Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility Silver markets went back and forth during the trading session on Monday as we continue to see a lot of volatility. Remember though, silver has been in an uptrend lately so therefore a grind higher is probably most likely. Silver markets went back […]

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat Gold and silver prices are modestly up in early U.S. trading Monday, despite rallying world stock markets that saw the U.S. indexes score new record highs overnight. December gold futures were last up $2.20 an ounce at 1,513.60. December Comex silver prices were last up $0.113 at $18.16 an ounce. Underlying […]

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher The British pound has pulled back slightly during the training session on Monday to show signs of life again, as the 1.30 level of course offers a significant amount of psychological resistance. The British pound continues to go back and forth during the trading session on Monday, […]

Singapore: STI Index (.STI) market tipped to open firmly higher

Singapore: STI Index (.STI) market tipped to open firmly higher

Singapore: STI Index (.STI) market tipped to open firmly higher The Singapore stock market gave up less than a single point on Friday, but that was enough to end the five-day winning streak in which it had advanced more than 80 points or 2.7 percent. The Straits Times Index remains just beneath the 3,230-point plateau […]

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support

Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support The Australian Dollar has is down more-than 0.3% against the US Dollar since the start of the week with Aussie now testing monthly uptrend support. These are the updated targets and invalidation levels that matter on the AUD/USD price charts. In my latest Australian Dollar Price […]

DAX PERFORMANCE-INDEX (.GDAXI) bullish momentum holding well with small daily corrections

DAX PERFORMANCE-INDEX (.GDAXI) bullish momentum holding well with small daily corrections

DAX PERFORMANCE-INDEX (.GDAXI) bullish momentum holding well with small daily corrections DAX bullish momentum holds well with small daily corrections making lower lows and higher highs as the Dax benchmark trades above all major daily moving averages and inside the ascending channel which started back in December 2018. On the upside where traders focus shifted, […]

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness

Euro: USD/EUR (EUR=X) showing signs of short-term weakness The Euro pulled back a bit during the session on Monday to show signs of short-term weakness. The question now is whether or not it can continue to take the move higher. The Euro has pulled back slightly during the trading session on Monday, to show signs of […]

Hong Kong: HANG SENG INDEX (.HSI) soar to their highest level in over three months

Hong Kong: HANG SENG INDEX (.HSI) soar to their highest level in over three months

Hong Kong: HANG SENG INDEX (.HSI) soar to their highest level in over three months Hong Kong stocks soared to their highest level in over three months on Monday, while China markets also climbed, as investors piled in on signs of US-China trade deal progress and the mainland regulator’s vow to reform the A-share market. […]

Bitcoin: USD/BTC (BTC=X) Ready to Jump Higher?

Bitcoin: USD/BTC (BTC=X) Ready to Jump Higher?

Bitcoin: USD/BTC (BTC=X) Ready to Jump Higher? A custom technical signal that has predicted Bitcoin’s price trends to a tee over the past six weeks is printing a buy, implying that BTC may soon mount higher. The indicator doesn’t show where Bitcoin is headed, but there are some analysts expecting the cryptocurrency to reenter the […]

Australia: S&P/ASX 200 (.AXJO) Trading Higher

Australia: S&P/ASX 200 (.AXJO) Trading Higher

Australia: S&P/ASX 200 (.AXJO) Trading Higher Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Materials and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.27%. The best performers of the session on the S&P/ASX 200 were NRW Holdings Ltd (ASX:NWH), which […]

Japanese Yen: USD/JPY (JPY=X) trapped between two major moving averages

Japanese Yen: USD/JPY (JPY=X) trapped between two major moving averages

Japanese Yen: USD/JPY (JPY=X) trapped between two major moving averages The US dollar gapped higher to kick the week off on Monday, showing signs of strength against the Japanese yen yet again. Ultimately, this is a market that is trapped between two major moving averages. The US dollar has gapped higher against the Japanese yen during the […]

NASDAQ Composite (.IXIC) major averages rise to these major risky levels it’s time to reduce allocations to stocks to the minimum percentages in your investment guidelines

NASDAQ Composite (.IXIC) major averages rise to these major risky levels it’s time to reduce allocations to stocks to the minimum percentages in your investment guidelines

NASDAQ Composite (.IXIC) major averages rise to these major risky levels it’s time to reduce allocations to stocks to the minimum percentages in your investment guidelines The S&P 500 set its all-time intraday high of 3,066.95 as November begins with its quarterly and monthly risky levels at 3,076.9 and 3,089.5, respectively. The Nasdaq Composite set […]

Asian markets rally following a forecast-busting US jobs report

Asian markets rally following a forecast-busting US jobs report

Asian markets rallied Monday following a forecast-busting US jobs report, and on growing optimism that China and the United States will finally sign off on a mini trade pact. Investors took their lead from another record-breaking close on Wall Street, which came at the end of a strong week for equities thanks to strong earnings […]

Ethereum: USD/ETH (ETH=) price is facing a lot of hurdles on the upside near $185

Ethereum: USD/ETH (ETH=) price is facing a lot of hurdles on the upside near $185

Ethereum: USD/ETH (ETH=) price is facing a lot of hurdles on the upside near $185 ETH price could continue to trade in a range before the next move either above $186 or below $178. Ethereum Price Analysis In the past few sessions, Ethereum was seen trading in a range above the $178 support against the […]

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