Facebook, Inc. (NASDAQ:FB), Amazon and Apple set records in annual spending on lobbying Facebook Inc., Amazon.com Inc. and Apple Inc. spent record amounts on lobbying in 2019, with Mark Zuckerberg’s social-media company leading the so-called FAANG companies in outlays aimed at influencing Washington, according to disclosures filed late Tuesday. Facebook FB, -0.70% shelled out $16.7 million […]
Bitcoin: USD/BTC (BTC=X) fighting to hold $8,400 during crucial market cycle BITCOIN is currently gripped in a tight channel of resistance as opposing market forces attempt to move it away from recent stability. The volatility which normally defines cryptocurrency had been largely ever-present as BTC bounced between $6,800 and $8,600 during recent months before a […]
United States Oil (USO) steady but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the […]
Ethereum: USD/ETH (ETH=) holding steady for another day following a slight pullback Since the beginning of 2020 Ethereum has outperformed bitcoin. In just three weeks the world’s second most popular crypto asset has surged 33% while its big brother has made just over 20%. Since the weekend’s minor pullback ETH prices have been building slowly […]
Tesla, Inc. (NASDAQ:TSLA) Exceeds $100 Billion Market Cap in Latest Stock Rally Tesla’s stock reached an all-time high on Wednesday when it opened at $571 per share, hoisting the company over the $100 billion market cap and making it the most valuable U.S. carmaker. Globally it comes in second behind only Toyota. The market cap […]
Alibaba Group Holding Limited (NYSE:BABA) Stock Could Climb Further With Alibaba (NYSE:BABA) stock just off its 52-week high, is now a good time to buy the shares? After treading water in the middle of 2019, Alibaba stock has rallied since November, with investors no longer discounting the company due to the trade war. As a […]
Dow Jones Industrial Average (.DJI) – US Indexes End Mostly Flat Again on Thursday The Dow Jones Industrial Average closed at 29,160.09 on Thursday with a loss of 26.18 points or -0.09%. The S&P 500 closed at 3,325.54 for a gain of 3.79 points or 0.11%. The Nasdaq Composite closed at 9,402.48 for a gain […]
NASDAQ Composite (.IXIC) edges to record as investors monitor China virus Wall Street stocks finished mostly higher on Thursday (Jan 23), with the Nasdaq edging to a fresh record, despite worries over the coronavirus in China. Stocks opened solidly lower on worries the sickness could spread and dent the global economy. But sentiment shifted after […]
Apple Inc. (NASDAQ:AAPL) s Quietly Expanding its Artificial Intelligence Ecosystem Apple (NASDAQ: AAPL) recently acquired Xnor.ai, a Seattle-based start-up that develops low-power, edge-based artificial intelligence tools. Apple didn’t disclose the terms of the deal, but GeekWire claimed that the deal was worth about $200 million. Apple reportedly paid a similar amount for Turi, another Seattle-based company that […]
Amazon.com, Inc. (NASDAQ:AMZN) seeks restraining order on Pentagon’s $10 billion contract with Microsoft The U.S Department of Defense had announced its plans of increasing efforts towards ensuring better, easier, and efficient access for the U.S military to technology and data from remote locations in 2019. The contract worth $10 billion was named Joint Enterprise Defense […]
DAX PERFORMANCE-INDEX (.GDAXI) struggles to hold onto record territory German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index (DX:DAX) pushed into record territory earlier in the day, rising to a high of 13,640.06, […]
Bitcoin: USD/BTC (BTC=X) Reversal Necessary In Journey to $9,200 Bitcoin has had an interesting start of the year following the bull-run that catapulted it from lows at $6,500 in December to highs close to $9,200. The gains have seen experts in the industry including the co-founder of Fundstrat, Tom Lee who recently that he expects […]
Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits The ASX 200 dropped 0.6 per cent to 7,088 points at its close. Losses were seen across the board, with energy and industrial stocks leading the falls. “It’s still the best month we’ve had in more than eight years and the best start […]
Wuhan virus scare pushes Hong Kong: HANG SENG INDEX (.HSI) down 1.5 percent Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly Sars-like virus that has spread from China. The Hang Seng Index fell 1.5 percent, to end at 27,909. Travel sector and airline shares were hit badly . […]
Silver 1 OZ 999 NY (XAG=X) trying to find a bit of support Silver markets pulled back a bit during the trading session on Thursday to test the 50 day EMA, an area that a lot of traders will be paying attention to. At this point, the market has been a bit listless, but let […]
Gold 1 OZ (XAU=X) plenty of support near the $1550 level Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip. Gold markets […]
Singapore: STI Index (.STI) Inflation Rises In December Singapore’s consumer price inflation rose more-than-expected in December, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Thursday. The consumer price index rose 0.8 percent year-on-year in December, following a 0.6 percent increase in November. Economists had expected a 0.7 […]
FTSE Bursa Malaysia KLCI (.KLSE) closes lower in line with regional markets Bursa Malaysia ended lower today, dragged by losses in index-linked heavyweights like Maybank, Tenaga and Petronas Chemicals, in line with the bearish performance of regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.54 points to 1,574.44 from yesterday’s […]
Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated. The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 200 day EMA. […]
Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick. That being the case, if we break down below the bottom of the candlestick for the Wednesday […]
Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]
British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’ The pound is clinging to yesterday’s gains against the US dollar, leaving the pairing trading around $1.312. Sterling was able to hold onto Wednesday’s gains against the dollar thanks to the reduced odds of the Bank of England (BoE) cutting interest rates at next […]
Canadian Dollar: USD/CAD (CAD=X) Slides As Bank Of Canada “Sounds Alarm” And Coronavirus Prompts Oil Prices To Tumble 4% The Canadian dollar exchange rates suffered a doubly whammy on Wednesday afternoon after contrary to many analyst expectations the Bank of Canada (BoC) statement was “extremely dovish”. “In December they said inflation was “consistent with an […]
Shanghai: SSE Composite Index (.SSEC) stocks plunge over virus scare Hong Kong equities tumbled on Thursday morning trade as investors took flight over the deadly Sars-like virus that has spread from the mainland. The Hang Seng Index fell 1.7 percent, to 27,872 at the break. On the mainland, the Shanghai Composite Index fell 2.4 percent, […]
UK FTSE 100 (.FTSE) falls 0.9% as China virus fears hit miners & travel stocks Fears of the economic impact from a coronavirus contagion in China grew today, sending the UK stock market down nearly 1%. The FTSE 100 gave up 0.9% or 64 points to close at 7,507, its steepest grop in nearly two […]
United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes […]
Facebook, Inc. (NASDAQ:FB), Amazon and Apple set records in annual spending on lobbying Facebook Inc., Amazon.com Inc. and Apple Inc. spent record amounts on lobbying in 2019, with Mark Zuckerberg’s social-media company leading the so-called FAANG companies in outlays aimed at influencing Washington, according to disclosures filed late Tuesday. The spending — which already was […]
Ethereum: USD/ETH (ETH=) outperforming bitcoin Since the beginning of 2020 Ethereum has outperformed bitcoin. In just three weeks the world’s second most popular crypto asset has surged 33% while its big brother has made just over 20%. Since the weekend’s minor pullback ETH prices have been building slowly higher, reaching $170 a few hours ago […]
NASDAQ Composite (.IXIC) at record as IBM soars The S&P 500 and the Nasdaq have scaled new highs as an upbeat forecast from IBM added to optimism over earnings, while China’s efforts to contain a virus outbreak eased worries about a wider financial fallout. IBM shares jumped 4.1 per cent after it forecast full-year profit […]
A $2-trillion Apple Inc. (NASDAQ:AAPL) stock valuation is not out of the question if it reaches this goal In one week, Apple (NASDAQ:AAPL) will announce its first-quarter results. Up more than 100% over the past year, Apple stock continues to be a godsend for Warren Buffett and Main Street investors alike. I don’t know what […]
High expectations may have left Amazon.com, Inc. (NASDAQ:AMZN) stock poised to fall Certain numbers – especially those with lots of zeros – hold great significance for stock-market traders. Amazon (NASDAQ:AMZN) stock has teased the psychologically significant $2,000 hurdle by touching it several times since the summer of 2018. But each and every time, Amazon stock […]
Regulation will see Bitcoin: USD/BTC (BTC=X) go mainstream in the UK Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms […]
Facebook, Twitter, Inc. (NYSE:TWTR) withheld data that could prove refugee’s innocence in murder case, attorneys say Omar Ameen is an Iraqi refugee accused of carrying out an ISIS hit in Iraq in 2014 before coming to the United States. His attorneys claim he’s innocent, and was actually 600 miles away at the time of murder […]
Tesla, Inc. (NASDAQ:TSLA) Exceeds $100 Billion Market Cap in Latest Stock Rally Tesla’s stock reached an all-time high on Wednesday when it opened at $571 per share, hoisting the company over the $100 billion market cap and making it the most valuable U.S. carmaker. Globally it comes in second behind only Toyota. The market cap […]
Alphabet Inc. (NASDAQ:GOOG) trillion-dollar mark won’t be the end of the near-term gains in stock, according to history Alphabet topped the $1 trillion mark in market capitalization last week, becoming the fourth technology company — behind Apple, Microsoft and Amazon — to hit this milestone. Alphabet shares have jumped over 10% in the past month […]
Dow Jones Industrial Average (.DJI) Still Rise Despite Mixed Bag With Earnings With more marquee companies, including some members of the Dow Jones Industrial Average, stepping into the earnings confessional over the last 24 hours, there were ample headlines to move stocks Wednesday. While there was action to be had, gains for broader benchmarks were […]
Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over The Australian Dollar is trading flat against the U.S. Dollar on Wednesday after early session weakness drove the currency into its lowest level since December 11. This means that the entire Phase One U.S.-China trade deal premium has been wiped […]
Japanese Yen: USD/JPY (JPY=X) Light Short-Covering as Safe-Haven Demand Eases The Dollar/Yen is trading slightly better on Wednesday and inside yesterday’s trading range. This typically indicates investor indecision and impending volatility. There was no follow-through to the downside, following yesterday’s steep break. The price action is being fueled by an easing of tensions over the […]
Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]
British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance The pound to dollar exchange rate is attempting to post a third consecutive day of gains and is probing a notable resistance area. GBP/USD turned higher on Monday and extended gains yesterday after an upbeat UK jobs report. Sterling has been particularly sensitive to incoming data as […]
Canadian Dollar: USD/CAD (CAD=X) Price Skyrockets Over $1.31 On Dovish Bank Of Canada Statement The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. Fundamental analysis: BoC unexpectedly dovish Bank of Canada left its key policy rate […]
Shanghai: SSE Composite Index (.SSEC) Trade war is 2 years old, but China escapes with flesh wound It was this day in 2018 that President Donald Trump fired the first salvo against China by raising tariffs on solar equipment and washing machines. The series of tariff hikes that ensued has slowed growth in the world’s […]
UK FTSE 100 (.FTSE) slides as strong pound offsets positive session for housebuilders The FTSE 100 closed lower after the strengthening pound pressed on the index following a bright morning driven by good performances from housebuilders. London’s top flight closed 38.78 points lower at 7,571.92 at the end of trading on Wednesday. It was a […]
DAX PERFORMANCE-INDEX (.GDAXI) starts to show signs of potential resurgence The DAX has been drifting lower over the course of the week, with the index giving back some of the gains seen last Wednesday. However, this is likely to be a short-term phenomenon which ultimately resolves with a move higher for the index. This hourly […]
Australia: S&P/ASX 200 (.AXJO) smashes new records Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia before it even […]
Hong Kong: HANG SENG INDEX (.HSI) regains some lost ground despite virus jitters Hong Kong shares recovered some of the previous day’s sharp losses on bargain-buying on Wednesday but traders remain on edge as they await developments linked to the deadly Sars-like virus that has spread from China. The Hang Seng index climbed 1.3 percent, […]
Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal Silver prices fell sharply on Tuesday, as the decline of 1.7% was the sharpest one-day drop since December 6. With a lack of U.S. fundamental releases until Thursday, any moves on Wednesday will be subject to technical factors, barring any major geopolitical developments. We’ll get […]
Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold fell 0.3% to $1,553.27 per ounce by 0133 […]
Singapore: STI Index (.STI) Stock Market May Take Further Damage The Singapore stock market has moved lower in two straight sessions, giving away more than 35 points or 1.1 percent along the way. The Straits Times Index now rests just above the 3,245-point plateau and it’s expected to open under pressure again on Wednesday. The […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower dragged by losses in banking stocks Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday’s close […]
Could Bitcoin: USD/BTC (BTC=X) mend a system where President Trump is being extra generous toward banks through tax cuts? US bankers have been laughing all the way to the bank last year, quite literally. In the best year for any bank in the history of the USA, JP Morgan announced $36.4 billion in profits during […]
Ethereum: USD/ETH (ETH=) Primed For Fresh Rally This past week, there was a solid rise in Ethereum price above the $160 resistance area against the US Dollar. ETH price broke a couple of important resistance levels near $170 and traded to a new yearly. It traded as high as $179 and settled above the 55 […]
United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude was down […]
Facebook, Inc. (NASDAQ:FB) Financial: 4Q Earnings Snapshot FB Financial Corp. (FBK) on Tuesday reported fourth-quarter net income of $21.6 million. The bank, based in Nashville, Tennessee, said it had earnings of 68 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 70 cents per share. The bank holding company posted revenue […]
Tesla, Inc. (NASDAQ:TSLA) crosses $100 bln stock market valuation in extended trading Tesla Inc TSLA.O became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future. The milestone comes less than a month after Tesla’s stock crossed $420, the infamous price […]
Alphabet Inc. (NASDAQ:GOOG) CEO Still Dancing Around AI Regulations Google Chief Executive Officer Sundar Pichai continues to dance around the issue of AI regulations. In a new interview with Financial Times, the head of the world’s leading AI company struggled to communicate a concrete stance on the matter. That isn’t to say Pichai hasn’t already […]
Undervalued Alibaba Group Holding Limited (NYSE:BABA) Stock Will Grow to $250 in 2020 In 2019 I pounded on the table time and time again that shares of Chinese internet giant Alibaba (NYSE:BABA) would soar above $200. In late 2019, Alibaba stock did just that. And as soon as it did, I told investors that the […]
Dow Jones Industrial Average (.DJI) five-day win streak comes to end after report of first coronavirus case in U.S. U.S. benchmark stock indexes finished lower on Tuesday, pulling back from records seen last week, after news that the Chinese coronavirus had spread to the U.S. raising fears of a pandemic that might affect global economic […]
NASDAQ Composite (.IXIC) – US stocks close lower amid jitters over virus outbreak Banks led a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets, prompting investors to shift assets into bonds and defensive sector companies. The sell-off snapped a three-day winning streak by the S&P 500. The benchmark index […]
Apple Inc. (NASDAQ:AAPL) share price has doubled, but there is a crunch coming – investors should watch out Apple shareholders must be extremely happy with the company’s performance in the past 12 months. The stock price is up 111% since the end of 2018, not to mention the US$3 (£2.31) per share that the company […]
Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets A last-minute jump helped the local bourse keep losses in check on Tuesday, as the emergence of a deadly virus in China weighed on Asian markets and contributed to the snapping of its five-day winning streak. The S&P/ASX 200 index declined 13 […]
Hong Kong: HANG SENG INDEX (.HSI) stock market index must be relevant A proposal to include some of the largest Hong Kong-listed mainland companies on the Hang Seng Index is timely and should be welcomed. Companies such as smartphone maker Xiaomi and technology behemoth Alibaba have market capitalisation and high daily trading volumes that require […]
Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying Gold futures on Tuesday ended lower, pressured as China, one of the commodity’s biggest buyers, faced a viral outbreak that could hurt buying of physical gold at a peak holiday period. Prices for the gold, however, pared some of their earlier losses as […]
FTSE Bursa Malaysia KLCI (.KLSE) pulls back in line with regional retreat Bursa Malaysia ended the day in the red on Tuesday line with the weak performance of its regional peers as losses in selected heavyweights continued to weigh on the local index. At 5pm, the benchmark FBM KLCI shed 1.55 points to 1,587.33 amid […]
Australian Dollar: USD/AUD (AUD=X) Continues To Slide The Australian dollar initially tried to rally during the trading session on Monday but found enough trouble at the 0.69 level to turn things back around and show extreme weakness. That is also where the 200 day EMA is, and therefore it makes quite a bit of sense […]
Japanese Yen: USD/JPY (JPY=X) Momentum Shifts to Downside if 109.790 Fails The Dollar/Yen is trading lower on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and drove Asian stocks sharply lower. The outbreak of the disease, which has spread from the central city of Wuhan, is […]
Euro: USD/EUR (EUR=X) Treading Water Through January The Euro has had a modestly positive start to January. Attention remains away from the Eurozone thanks to shifts in key macro themes, namely the US-China trade war Phase 1 deal, US-Iranian geopolitical tensions, the Brexit deadline, and now the Chinese coronavirus. The Euro has gained ground against […]
Shanghai: SSE Composite Index (.SSEC) trade lower on concern about China virus The Chinese government announced there has been a fourth death from coronavirus. The outbreak, centered on the city of Wuhan, has sickened more than 200 people. Authorities said some infections were transmitted person-to-person, increasing the risk the disease might spread faster during the […]
UK FTSE 100 (.FTSE) hit by sell-off as China virus spreads to markets The FTSE 100 suffered a widespread sell-off as markets were unnerved by the spread of a new deadly virus in China. The UK’s main market followed Asian markets downward, shedding 1.2%, or 93 points, to trade near a two-week low at 7,558 […]
DAX PERFORMANCE-INDEX (.GDAXI) Stocks Index Misses a Record Close by a Whisker The DAX is also turning lower after a recent rally into resistance. That trendline looks to have capped upside for the time being, with the price heading back into Fibonacci support. A break below the 13361 support level would bring about a wider […]
Bitcoin: USD/BTC (BTC=X) Rallies as the Bull Market Reaches New Highs Bitcoin started the year with a bang. In the last 24 hours it went up 3%, topping $9,000. The entire week has been exciting week, with one rally after another feeding the bulls. Bitcoin has exploded by over 30% since January 1, and we’re […]
United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns Oil price rose to its highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, Reuters reported. Brent crude LCOc1 futures were up by 74 cents, or 1.1%, to $65.59 by 0331 GMT, […]
Bitcoin: USD/BTC (BTC=X) Paying A Quarter To Move $450 Million It’s common knowledge that there are various Twitter accounts spread across the internet that warn of multiple “whale” transactions: Transactions of large coin volumes. Bitcoin is no exception to this in the crypto industry. Yesterday, these accounts told the public of a significant transaction, more […]
Alphabet Inc. (NASDAQ:GOOG) – a $1trillion empire built on a simple idea Google’s parent company Alphabet passed the $1trillion market cap mark last week, further cementing tech’s place at the top of the global business tree. There are now four US tech companies that have reached a stock market value of $1trillion – Apple, Amazon […]
Dow Jones Industrial Average (.DJI) Still Worth Following? The Dow Jones Industrial Average (DJINDICES: ^DJI) is one of the world’s most followed stock market indexes. With a history that dates back to the 19th century, the venerable market benchmark has played a vital role in the general public’s understanding of how the stock market works. […]
Apple Inc. (NASDAQ:AAPL) Marches Toward $2 Trillion Valuation Apple’s market capitalization is $1.4 trillion, and the stock is at an all-time high. Yet, a number of analysts believe that this year’s 8% increase is only the start of a drive which will take it to $2 trillion. These analysts believe that one key to a […]
One Thai resort shows what dedication it takes to lead the way in sustainability The tipping point for Banyan Tree Samui might have been the 213,314 plastic bottles the resort passed out to guests in 2017. Or the 42,150 plastic bags they used to haul away trash that year. Or the 176,880 meters of cling […]
Netflix, Inc. (NASDAQ:NFLX) Is Up To Bat This Q4 Earnings Season Tech is up to bat in Q4 earnings season, and the streaming king is releasing its results after the bell Tuesday, January 21st. Despite Netflix’s NFLX massive decade of returns, it appears that the shares have leveled out. Over the last 52-weeks, this stock […]
Ethereum: USD/ETH (ETH=) follow the positive events that will affect BTC’s price Like its most popular peer in Bitcoin (BTC), Ethereum (ETH) is also trading higher since the start of the year, albeit falling short to some predictions. Last month, some analysts forecasted that ETH would be worth $240 five days ago, but resistance at […]
Facebook, Inc. (NASDAQ:FB) A History Of Beating Estimates Betting against Facebook Inc. (FB) and its stock has been the wrong call. Shares have powered higher since the beginning of October, rising by over 26%, which is double the pace of the S&P 500 increase during that time. Now, with fourth quarter earnings around the corner, […]
Tesla, Inc. (NASDAQ:TSLA) blames stock short-seller for ‘completely false’ claims of unintentional acceleration Tesla is disputing claims that all three models of its electric vehicles could unexpectedly accelerate without the driver taking action. The car company issued a statement on Monday afternoon, saying a stock short-seller was behind the claims, which resulted in a National […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Market Summary: This long Bull Run still looks look strong, and here is why: Stocks bypassed a soft open Thursday and gapped North. Small and mid-caps joined the large-caps in achieving strong breaks higher. The economic data showed renewed promise. Options expiration Friday came and went. A long weekend came […]
DAX PERFORMANCE-INDEX (.GDAXI) – European markets slip back ahead of crunch ECB meeting European shares retreated from recent peaks on Monday as investors paused before launching into a week packed with economic data and the European Central Bank’s first policy meeting of the year. Recurring fears of a hard Brexit and bets that the Bank […]
Hong Kong: HANG SENG INDEX (.HSI) Cash in Profits Hong Kong shares finished on a negative note Monday as investors cashed in profits following last week’s gains. The Hang Seng index slipped 0.90 percent, or 260.51 points, to close at 28,795.91. The benchmark Shanghai Composite Index gained 0.66 percent, or 20.29 points, to 3,095.79, while […]
Silver 1 OZ 999 NY (XAG=X) Yawns as Trump Touts ‘Phase One’ U.S. Ends Week with Mixed Numbers The U.S. ended a busy week with a host of releases on Friday. Construction numbers for December were mixed. Building permits fell to 1.42 million, down from 1.48 million a month earlier. Housing starts were unexpectedly strong, […]
Gold 1 OZ (XAU=X) gains on Yemen attacks Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal’s safe-haven appeal, while buying ahead of the Chinese New Year also lent support. Spot gold was up 0.3% at $1,560.89 per ounce […]
Singapore: STI Index (.STI) May Add To Its Winnings The Singapore stock market has finished higher in two straight sessions, collecting almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,280-point plateau and it’s predicted to open higher again on Monday. The global forecast for the […]
FTSE Bursa Malaysia KLCI (.KLSE) closes at day’s low as telcos weigh Telcos snapped their recent rally on Monday, dragging the FBM KLCI into the red while the recovery in crude palm oil (CPO) prices was unable to lift the plantation heavyweights. At 5pm, the KLCI was down 6.93 points or 0.43% to 1,588.88. Turnover […]
Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin The Australian Dollar exchange rates remained largely flat on Monday as trading volumes were thin due to the closure of US markets for Martin Luther King Day. Despite the global risk-on sentiment, the ‘Aussie’ opened this week down for the third consecutive week, with the […]
Euro: USD/EUR (EUR=X) Softens The Euro initially tried to rally during the trading session on Monday, but then ran into a bit of trouble at the 1.11 handle. By pulling back from there, it shows signs of weakness, and it’s very likely that the market will continue to be very choppy in general, as it […]
Canadian Dollar: USD/CAD (CAD=X) Risks Tilted To Downside Ahead Of Bank Of Canada Meeting “The Bank of Canada meets tomorrow, and we expect no change in the monetary stance (in line with consensus). However, we suspect markets have too aggressively priced out BoC easing and the balance of risks for CAD appears tilted to the […]
Shanghai: SSE Composite Index (.SSEC) Stocks Mostly Up as Chinese Rates Stay Put Stocks in major Asian markets were mostly higher on Monday, with the People’s Bank of China keeping the loan prime rate unchanged. In Japan, the Nikkei 225 index gained 42.25 points, or 0.2%, to 24,083.51, despite shares of index heavyweight Fast Retailing […]
Australia: S&P/ASX 200 (.AXJO) shares extend gains; miners shine on metal prices Australian shares extended their record-breaking spree to a fifth session on Monday, mainly driven by mining stocks that gained on strong metal prices. The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a […]
British Pound: USD/GBP (GBP=X) Investors Eye Job Numbers GBP/USD has started the week with slight losses. Currently, the pair is trading at 1.2979, down 0.21% on the day. There was positive news out of the housing sector, as the Rightmove House Price Index rebounded with a gain of 2.3% in January, after posting five declines […]
Bitcoin: USD/BTC (BTC=X) reached its highest level since early November On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has reached its highest level since early November, hitting $9K for the first time in 2020. The upside […]
Ethereum: USD/ETH (ETH=) in a Decisive Move, Attempts a Rally above $200 Interestingly, Ethereum has made a positive impact and pushed into the earlier price range. About two days ago, the bulls couldn’t break above the resistance at $160. The price has successfully breached the resistance as the coin reached a high of $172. Ether […]
United States Oil (USO) trading higher after two large crude production bases in Libya began shutting down amid a military blockade Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from […]
Al Bait Sharjah, the most recent debut from GHM, has named Albert Meow as hotel manager of the 53-key hotel that opened recently in a historic district of the United Arab Emirates’ (UAE) third largest city. From a foundation established by more than 20 years in the hospitality industry, Meow will oversee daily hotel operations […]
Australia: S&P/ASX 200 (.AXJO) Trade war truce It’s been coming for some time, but Donald Trump finally managed to sign a trade war ceasefire with China. It will see tariffs reduced on some Chinese products by the US and China has committed to buying billions of dollars of various products such as agriculture and resources, […]
Hong Kong: HANG SENG INDEX (.HSI) Shares Post Solid Weekly Gains Amid Trade Deal Signing, China GDP Growth The major Asia Pacific stock indexes closed mostly higher last week. Surprisingly, stocks were lower in China. That move was unexpected since most of the stories dominating the news last week were positive economic developments involving the […]
