US Fed should help defeat Trump in 2020: ex-Fed official

US Fed should help defeat Trump in 2020: ex-Fed official

A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump’s reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should not “enable” Trump’s escalating trade war with China by lowering […]

BP (NYSE:BP) to exit Alaska in $5.6 bn deal

BP (NYSE:BP) to exit Alaska in $5.6 bn deal

British oil giant BP said Tuesday it will sell all of its Alaska operations for $5.6 billion, exiting the state after 60 years to help meet divestment goals. The local firm Hilcorp Alaska will acquire the BP assets, including operations in the mammoth Prudhoe Bay oilfield, BP said in a statement. The sale, which is […]

Malaysia ex-PM Najib’s biggest 1MDB trial to begin

Malaysia ex-PM Najib’s biggest 1MDB trial to begin

Malaysian ex-leader Najib Razak’s most significant 1MDB trial begins Wednesday, centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account. Claims that Najib and his cronies pilfered massive sums from the fund and spent it on everything from real estate to artwork contributed to the […]

F1: Ferrari’s (NYSE:RACE) SH90 Racer ‘Tailor’ Made for Spa

F1: Ferrari’s (NYSE:RACE) SH90 Racer ‘Tailor’ Made for Spa

$RACE 2-H of the Summer season kicks off with Spa and Monza, the 2 most extreme tracks on the F1 calendar in terms of their reward for horsepower and low drag. In terms of wing choices, the teams will generally opt for their low-downforce packages at Spa, but then an even lower 1-off package for […]

Spacecraft carrying Russian humanoid robot docks at ISS

Spacecraft carrying Russian humanoid robot docks at ISS

An unmanned spacecraft carrying Russia’s first humanoid robot to be sent into orbit successfully docked at the International Space Station on Tuesday, following a failed attempt over the weekend, Moscow’s space agency said. The lifesize robot named Fedor — short for Final Experimental Demonstration Object Research — copies human movements, allowing it to help carry […]

5 Stunning Scandinavian Hotels For Your Next Arctic Adventure

5 Stunning Scandinavian Hotels For Your Next Arctic Adventure

These wonderfully unique Scandinavian hotels will make your next arctic adventure extra special. 1/5Arctic Bath, Sweden Best for: A secluded wellness hideaway For those who have been dreaming of a one-of-a-kind winter vacation, you’ll be amazed by the world’s first floating spa—Arctic Bath. The much-anticipated hotel is now accepting reservations for its grand opening in February […]

Trade hope helps Asian markets bounce back from sell-off

Trade hope helps Asian markets bounce back from sell-off

Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than […]

J&J (NYSE:JNJ) Fined on the Low End of Expectations, Will Appeal

J&J (NYSE:JNJ) Fined on the Low End of Expectations, Will Appeal

$JNJ Johnson & Johnson JNJ 129.64, +1.84, +1.4% outperformed despite being found liable in an opioid case in Oklahoma. JNJ was ordered to pay $572-M the low end of expectations and much less than the $17-B the state wanted. Johnson & Johnson plans to appeal the ruling. US drugmaker Johnson & Johnson faced a potential […]

Amgen (NASDAQ:AMGN) agrees to buy Otezla rights for $13.4 bn: Bristol-Myers Squibb (NYSE:BMY)

Amgen (NASDAQ:AMGN) agrees to buy Otezla rights for $13.4 bn: Bristol-Myers Squibb (NYSE:BMY)

Amgen has agreed to acquire the global rights to Otezla, a drug used for the treatment of psoriasis and psoriatic arthritis, for $13.4 billion in cash, Bristol Myers Squibb said Monday. The deal was linked to Bristol-Myers Squibbs’ merger with the Celgene Corporation, which is selling its rights to Otezla to gain regulatory approval for […]

KFC to test meatless chicken at Georgia restaurant

KFC to test meatless chicken at Georgia restaurant

$YUM, $BYND KFC (NYSE:YUM) will test vegetarian, plant-based chicken for one day in one restaurant in the US state of Georgia, the American fast food giant said on Monday. Complimentary samples of the new product, which was developed in partnership with Beyond Meat and is dubbed “Beyond Fried Chicken,” will be available at the KFC […]

Exciting Stakes-Winner for Rubick

Exciting Stakes-Winner for Rubick

Promising colt Condo’s Express (2c Rubick x Braided, by Elusive Quality) blitzed his rivals to score a stunning win in the Listed MVRC McKenzie Stakes at Moonee Valley on Saturday. A last start winner at the same track at the start of the month, the Richard Laming trained colt was originally headed to the paddock after that […]

So You Want to Be a Successful Stock Trader, Well This is What it Takes

So You Want to Be a Successful Stock Trader, Well This is What it Takes

For those of you serious about trading for a living, the following is a list of characteristics found in every highly successful trader. Realize that 1% of the people who play this game take 99% of the profits. That means 99% of people who call themselves “traders” are giving over all their money to the […]

The Trump Moves are Working, the Charts Confirms It

The Trump Moves are  Working, the Charts Confirms It

Lots of investors have overlooked the story about the stock market and President Trump’s policy on the trade dispute with China dispute, some are calling it a war, I am calling Super Business Dealings Here we explore the issue with the help of this chart, you have to click for it as it is content […]

Top 10 Must-See Attractions in South America

Top 10 Must-See Attractions in South America

South America a continent of contrasting lanscapes consisting of 12 unique countries – where does a beginner start? Let us take you on a journey of our ‘Must-See’ into our wonderful continent La Boca, Buenos Aires Stimulate your senses walking through the vibrant streets of La Boca. Famed for its soccer history, this barrio (neighborhood) […]

The Meat Lovers Paradise: Five Must Try Foods in Argentina

The Meat Lovers Paradise: Five Must Try Foods in Argentina

Before you read this article, you must be made aware that this it is almost exclusively carnivore-specific. Argentina is a meat loving country, not loving, adoring. In 2016, Argentinos consumed over 5 billion pounds of beef, making them second in consumption per capita only to their north neighbour, Uruguay. Yes, it’s fair to say they […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX Recession Special Report Bank of America’s (NYSE:BAC) CEO has just 1 reason why he does not see a recession looming. Mr. Moynihan says the “US consumer continues to spend and that will keep the US economy in good shape.” “But what is going to make that happen is the underling […]

Electric Luxury Cars Expected To Cause 40% More Accidents

Electric Luxury Cars Expected To Cause 40% More Accidents

$TSLA Electric luxury cars and sport utility vehicles like those made by Tesla (NASDAQ:TSLA) may be 40 per cent more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The numbers, based on initial trends from claims data and not […]

Add Ferrari (NYSE:RACE) To Your Watchlist Today

Add Ferrari (NYSE:RACE) To Your Watchlist Today

$RACE If you are interested in profitable, growing companies Ferrari (NYSE:RACE) since its October 2016 IPO is the standout stock in the automotive sector, it is The Aristocrat. While that does not make its shares worth buying at any price, you cannot deny that successful capitalism requires profit, eventually. In comparison, loss making companies act like […]

NASDAQ Composite (.IXIC) Investors’ focus on speech by Federal Reserve Chair Jerome Powell

NASDAQ Composite (.IXIC) Investors’ focus on speech by Federal Reserve Chair Jerome Powell

NASDAQ Composite (.IXIC) Investors’ focus on speech by Federal Reserve Chair Jerome Powell An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world’s largest economy. U.S. manufacturing industries in July recorded […]

Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works

Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works

Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works Apple plans to unveil three new iPhones next month, including two new “Pro” models and a successor to the iPhone XR, Bloomberg reported Thursday. The “Pro” models are meant to replace the iPhone XS and iPhone XS Max, according to the report. They’ll be […]

United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell […]

Bitcoin: USD/BTC (BTC=X) Dates To Watch

Bitcoin: USD/BTC (BTC=X) Dates To Watch

Bitcoin: USD/BTC (BTC=X) Dates To Watch Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward. As part of this analysis, oftentimes, analysts also look for important […]

Why Nordstrom, Inc. (NYSE:JWN) Stock Surged

Why Nordstrom, Inc. (NYSE:JWN) Stock Surged

Why Nordstrom, Inc. (NYSE:JWN) Stock Surged Shares of Nordstrom (NYSE: JWN) were gaining today after the well-to-do department-store chain posted an earnings report that, while troubling, was still better than the market had anticipated. Considering how far Nordstrom shares had fallen this year, investors seemed to take the opportunity to bid up shares of the turnaround play as […]

Amazon.com, Inc. (NASDAQ:AMZN) just opened its biggest office building in the world

Amazon.com, Inc. (NASDAQ:AMZN) just opened its biggest office building in the world

Amazon.com, Inc. (NASDAQ:AMZN) just opened its biggest office building in the world Amazon just opened its biggest office building in the world in the Indian city of Hyderabad.The online retail giant’s new campus in the city’s financial district opened on Wednesday. It covers 9.5 acres and has 1.8 million square feet of office space, making it […]

Dick’s Sporting Goods, Inc. (NYSE:DKS) stock jumps 11% after earnings beat

Dick’s Sporting Goods, Inc. (NYSE:DKS) stock jumps 11% after earnings beat

Dick’s Sporting Goods, Inc. (NYSE:DKS) stock jumps 11% after earnings beat Dick’s Sporting Goods Inc. DKS, +3.58% stock jumped 11.6% in Thursday premarket trading after the athletic retailer reported earnings and sales that beat expectations. Net income was $112.5 million, or $1.26 per share, compared with $119.4 million, or $1.20 per share, for the same period last year. […]

Ethereum: USD/ETH (ETH=) could become the first public blockchain on Hyperledger

Ethereum: USD/ETH (ETH=) could become the first public blockchain on Hyperledger

Ethereum: USD/ETH (ETH=) could become the first public blockchain on Hyperledger Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon […]

Dow Jones Industrial Average (.DJI) investors awaited a key speech from the Federal Reserve’s top official

Dow Jones Industrial Average (.DJI) investors awaited a key speech from the Federal Reserve’s top official

Dow Jones Industrial Average (.DJI) investors awaited a key speech from the Federal Reserve’s top official The Dow Jones Industrial Average rose slightly on Thursday as investors awaited a key speech from the Federal Reserve’s top official. The 30-stock index climbed 49.51 points, or 0.2% to 26,252.24 in a volatile session that saw it rise as much […]

Tesla, Inc. (NASDAQ:TSLA) Outlook After Walmart Sues Over Solar Panel Fires?

Tesla, Inc. (NASDAQ:TSLA) Outlook After Walmart Sues Over Solar Panel Fires?

Tesla, Inc. (NASDAQ:TSLA) Outlook After Walmart Sues Over Solar Panel Fires? It seems like every few months Tesla TSLA is in the news for a scandal or some production issue. TSLA has also been a hot stock for young investors and people searching for massive growth potential from a firm in game-changing industry. You can […]

Facebook, Inc. (NASDAQ:FB) Directors and Officers Recent Trades

Facebook, Inc. (NASDAQ:FB) Directors and Officers Recent Trades

Facebook, Inc. (NASDAQ:FB) Directors and Officers Recent Trades COB and CEO of Facebook Inc Mark Zuckerberg sold 125,600 shares of FB on 08/19/2019 at an average price of $186.36 a share. The total sale was $23.4 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its […]

Bitcoin: USD/BTC (BTC=X) sellers are again struggling to force a sustained break

Bitcoin: USD/BTC (BTC=X) sellers are again struggling to force a sustained break

Bitcoin: USD/BTC (BTC=X) sellers are again struggling to force a sustained break Bitcoin (BTC) sellers are again struggling to force a sustained break below a widely-followed support level, but the outlook would turn bullish only above $10,956. The premier cryptocurrency by market value fell by $600 in the Asian trading hours on Wednesday, confirming a rising wedge […]

AMMB Holdings Berhad (1015:KL) Q1 net profit rises 12.6pc to RM391.46m

AMMB Holdings Berhad (1015:KL) Q1 net profit rises 12.6pc to RM391.46m

AMMB Holdings Berhad (1015:KL) Q1 net profit rises 12.6pc to RM391.46m AMMB Holdings Bhd (AmBank Group) posted a 12.6 per cent rise in net profit to RM391.46 million in the first quarter ended June 30, 2019 (Q1) from RM347.59 million in the same period a year ago. Revenue was 10.1 per cent higher at RM2.39 […]

DAX PERFORMANCE-INDEX (.GDAXI) attempts to push through key resistance zone

DAX PERFORMANCE-INDEX (.GDAXI) attempts to push through key resistance zone

DAX PERFORMANCE-INDEX (.GDAXI) attempts to push through key resistance zone The DAX has outperformed the FTSE 100, with yesterday’s gains taking us within striking distance of the 11,862 resistance level. A break through that level would bring us into a much more positive outlook for the index. As such, today will be dominated by the ability or […]

UK FTSE 100 (.FTSE) weighed by a strengthening pound as Brexit deal hopes lifted the UK currency

UK FTSE 100 (.FTSE) weighed by a strengthening pound as Brexit deal hopes lifted the UK currency

UK FTSE 100 (.FTSE) weighed by a strengthening pound as Brexit deal hopes lifted the UK currency FTSE 100 closed lower on Thursday weighed by a strengthening pound as Brexit deal hopes lifted the UK currency. The UK’s blue-chip index finished down 75.79 points at 7,128.18 The midcap FTSE 250 lost 2.43 to stand at […]

Shanghai: SSE Composite Index (.SSEC) Investors are waiting for the Federal Reserve Chairman Jerome Powell will speak at an economic meeting in Jackson Hole, Wyoming

Shanghai: SSE Composite Index (.SSEC) Investors are waiting for the Federal Reserve Chairman Jerome Powell will speak at an economic meeting in Jackson Hole, Wyoming

Shanghai: SSE Composite Index (.SSEC) Investors are waiting for the Federal Reserve Chairman Jerome Powell will speak at an economic meeting in Jackson Hole, Wyoming Asian markets were mixed Thursday as investors digested a slew of corporate earnings.Japan’s Nikkei 225 (N225) rose 0.1%,while Hong Kong’s Hang Seng Index (HSI) fell 0.5%. China’s Shanghai Composite Index (SHCOMP) was flat. South Korea’s Kospi (KOSPI) fell 0.5%. China’s largest electric […]

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming Gold prices have been trading sideways the past few days, in line with our gold price weekly trading forecast. But now that the Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming is here, all that could change. Speeches by various […]

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence With the strong oil prices and BOC’s likely monetary policy divergence, the USD/CAD pair drops to 1.3290 during Thursday’s Asian session. Following better than forecast Consumer Price Index (CPI) data from Canada, speculations were on the rounds that the […]

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand

New Zealand Dollar: NZD/USD (NZD=X) continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand The New Zealand Dollar continues to weaken on expectations of further rate cuts by the Reserve Bank of New Zealand even after central bankers shocked the markets with a surprise 50-basis point rate cut […]

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring Pound Sterling rallied against the Euro, U.S. Dollar and other major currencies on Thursday after French President Emmanuel Macron said the Withdrawal Agreement can be amended to allow the UK to leave the European Union with a deal. Gains accelerated in the London […]

Euro: USD/EUR (EUR=X) central bankers from around the world are discussing monetary policy, will have a massive effect on where things go next

Euro: USD/EUR (EUR=X) central bankers from around the world are discussing monetary policy, will have a massive effect on where things go next

Euro: USD/EUR (EUR=X) central bankers from around the world are discussing monetary policy, will have a massive effect on where things go next The Euro went back and forth during trading on Thursday as we continue to see a lot of noise just below the 1.11 handle. That being the case it looks as if the […]

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount

Australian Dollar: USD/AUD (AUD=X) forecasts cut at CBA, recovery scrapped, as headwinds mount ommonwealth Bank of Australia (CBA) has released new forecasts that show the Sydney-based lender no longer expects the Australian Dollar to recover into year-end. Previous forecasts suggested Australia’s Dollar was due to catch a break in the final quarter of 2019 as the Federal […]

Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher

Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher

Japanese Yen: USD/JPY (JPY=X) implied volatility could creep higher US Dollar price action and FOMC member commentary is front and center with the kickoff of the Federal Reserve of Kansas City’s annual Jackson Hole Economic Symposium today. Forex traders and equity investors alike have anxiously awaited clarity from Fed Chair Powell and other central bank officials […]

Silver 1 OZ 999 NY (XAG=X) position taking and evening from the futures traders ahead of speeches coming from central bankers

Silver 1 OZ 999 NY (XAG=X) position taking and evening from the futures traders ahead of speeches coming from central bankers

Silver 1 OZ 999 NY (XAG=X) position taking and evening from the futures traders ahead of speeches coming from central bankers Gold and silver prices are lower in early U.S. trading Thursday, as trader and investor risk aversion is not keen. The metals could also be seeing some position evening from the futures traders ahead of speeches coming […]

Hong Kong: Hang Seng Index (.HSI) face their worst slumps in operating income since the 2008

Hong Kong: Hang Seng Index (.HSI) face their worst slumps in operating income since the 2008

Hong Kong: Hang Seng Index (.HSI) face their worst slumps in operating income since the 2008 Hong Kong stocks are poised for their worst quarter since 2015 and corporate earnings are unlikely to save them. After a sell-off erased more than US$600 billion from the city’s equities, attractive valuations stood as a potential bright spot. […]

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights

Australia: S&P/ASX 200 (ASX:.AXJO) modest gains by the index heavyweights Australian shares rose firmly on Thursday as modest gains by the index heavyweights lifted the market higher on a mixed day of earnings. The S&P/ASX 200 Index rose 18.5 points, or 0.3 per cent, to 6501.8 while the broader All Ordinaries added 20.4 points, or […]

Chairman Powell Challenged at Jackson Hole

Chairman Powell Challenged at Jackson Hole

Fed Chairman Powell comes to this year’s meeting of central bankers in Jackson Hole, WY, wedged between discord within the FOMC over appropriate monetary policy and mounting market pressure for more interest rate cuts. In navigating that gap, Chairman Powell is unlikely to use his Keynote speech Friday at the Kansas City Fed’s annual economic […]

Target Corporation (NYSE:TGT) stock has biggest-ever one-day gain

Target Corporation (NYSE:TGT) stock has biggest-ever one-day gain

Target Corporation (NYSE:TGT) stock has biggest-ever one-day gain Target Corp. stock soared 20.4% in Wednesday trading after a second-quarter earnings report that provided analysts with further evidence that a combination of store and online sales is valuable. The stock move means Target TGT, +20.43%   is heading towards a record one-day percentage gain. Target reported fiscal second-quarter earnings and revenue that […]

Ethereum: USD/ETH (ETH=) price started a fresh decrease after it failed to climb above the $202 resistance

Ethereum: USD/ETH (ETH=) price started a fresh decrease after it failed to climb above the $202 resistance

Ethereum: USD/ETH (ETH=) price started a fresh decrease after it failed to climb above the $202 resistance After a strong rejection near the $200 and $202 resistance levels, ETH price declined heavily against the US Dollar. There were also bearish moves in bitcoin and ripple below $10,000 and $0.2800 respectively. It opened the doors for more losses […]

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force

Apple Inc. (NASDAQ:AAPL) new credit card with Goldman Sachs could be a disruptive force Apple’s new credit card with Goldman Sachs could be a disruptive force in more than just the banking industry, according to two analysts at MoffettNathanson. The technology device giant’s move into banking could enable it to give customers financing for new models of […]

The fundamentals, optics, and technicals all imply a healthy end-of-year rally for Facebook, Inc. (NASDAQ:FB) stock

The fundamentals, optics, and technicals all imply a healthy end-of-year rally for Facebook, Inc. (NASDAQ:FB) stock

The fundamentals, optics, and technicals all imply a healthy end-of-year rally for Facebook, Inc. (NASDAQ:FB) stock Much unlike calendar 2018, calendar 2019 has been a really good year for shares of global social media giant Facebook (NASDAQ:FB). Year-to-date, FB stock is up more than 40%. For what it’s worth, FB stock fell 25% in 2018. Most signs […]

Alibaba Group Holding Limited (NYSE:BABA) staged a comeback

Alibaba Group Holding Limited (NYSE:BABA) staged a comeback

Alibaba Group Holding Limited (NYSE:BABA) staged a comeback The Dow staged a comeback on Wednesday, even as the bond market was once again flashing a recession warning sign. The 10-year US Treasury yield briefly fell below the 2-year yield Wednesday afternoon. It marked the second time the yield curve inverted this month.A yield curve inversion […]

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound WTI Crude Oil prices were trading flat on Wednesday. The US Energy Information Administration (EIA) report showed that the crude oil inventory fell by 2.7 million barrels for the week ending August 16. This was the first decline in inventory in the past three weeks. The build-up comes […]

Bitcoin: USD/BTC (BTC=X) support at $8,143.04

Bitcoin: USD/BTC (BTC=X) support at $8,143.04

Bitcoin: USD/BTC (BTC=X) support at $8,143.04 The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to gain traction from here. Price is trading below both moving averages to indicate the presence of selling pressure. The […]

NASDAQ Composite (.IXIC) Investor sentiment lifted

NASDAQ Composite (.IXIC) Investor sentiment lifted

NASDAQ Composite (.IXIC) Investor sentiment lifted Investor sentiment lifted on Wall Street after upbeat earnings from the large retailers signalled consumer demand is still strong in the United States. That was despite last week’s recession signals from the bond market which triggered panic selling across global markets. The Dow Jones index jumped 240 points, or 1 per cent, […]

Tesla, Inc. (NASDAQ:TSLA) Walmart is claiming millions of dollars in damages

Tesla, Inc. (NASDAQ:TSLA) Walmart is claiming millions of dollars in damages

Tesla, Inc. (NASDAQ:TSLA) Walmart is claiming millions of dollars in damages It isn’t as if the company’s core electric car business is without issue. But in 2016, it went and bailed out the debt-laden SolarCity, which was owned by Elon Musk’s cousins and in which he himself was an early investor. The result: Tesla’s own […]

Is Trump Planning an Arctic War Through Greenland

Is Trump Planning an Arctic War Through Greenland

The diplomatic row that has erupted between Washington and Copenhagen over Greenland is just one part of a broader strategic battle being waged over control of the Arctic, according to one expert. US President Donald Trump has cancelled a trip to Denmark and launched a war of words with his Danish counterpart, Prime Minister Mette […]

Bitcoin: USD/BTC (BTC=X) risks falling back to recent lows below $9,500

Bitcoin: USD/BTC (BTC=X) risks falling back to recent lows below $9,500

Bitcoin: USD/BTC (BTC=X) risks falling back to recent lows below $9,500 Bitcoin (BTC) risks falling back to recent lows below $9,500, having strengthened the short-term bearish case with a $700 drop earlier today. The top cryptocurrency fell from $10,843 to $10,082 in the eight hours to 07:00 UTC, confirming an end of the bounce from […]

UK FTSE 100 (.FTSE) All eyes on Fed minutes

UK FTSE 100 (.FTSE) All eyes on Fed minutes

UK FTSE 100 (.FTSE) All eyes on Fed minutes FTSE 100 closed higher midweek as traders awaited the publications minutes from last month’s US Federal Reserve meeting. Traders hope the tone from the US monetary policy committee meeting will be towards a further easing of interest rates, rather than a tightening of policy, which is making […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risk overnight

Japanese Yen: USD/JPY (JPY=X) increased demand for risk overnight

Japanese Yen: USD/JPY (JPY=X) increased demand for risk overnight The Dollar/Yen is trading higher on Wednesday, rebounding from yesterday’s sell-off. Higher U.S. Treasury yields and increased demand for risk overnight are helping to underpin the Forex pair. The two-day price action suggests investors are squaring positions ahead of today’s release of the minutes of the […]

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10 Technically, the gold bulls have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the August high of […]

Hong Kong: Hang Seng Index (.HSI) higher even as investors grappled with lingering worries over global growth

Hong Kong: Hang Seng Index (.HSI) higher even as investors grappled with lingering worries over global growth

Hong Kong: Hang Seng Index (.HSI) higher even as investors grappled with lingering worries over global growth Hong Kong shares edged up on Wednesday, even as investors grappled with lingering worries over global growth and political uncertainty in parts of Asia and Europe. The Hang Seng Index added 0.2% to 26,270.04 after trading in a […]

Euro: USD/EUR (EUR=X) continue to see the 1.11 EUR level attract a lot of attention

Euro: USD/EUR (EUR=X) continue to see the 1.11 EUR level attract a lot of attention

Euro: USD/EUR (EUR=X) continue to see the 1.11 EUR level attract a lot of attention The Euro has gone back and forth during the trading session on Wednesday, as we continue to see the 1.11 EUR level attract a lot of attention. Ultimately, this is a market that remains negative longer term, so I look at […]

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target The latest look at Canadian inflation today is expected to show price pressures easing in July from 2% down to 1.7%, while the core reading is expected to nudge 0.1% lower to 2.1%. If either of these expectations are missed on the downside, markets […]

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive

Australian Dollar: USD/AUD (AUD=X) Risk-on mood remains supportive This coupled with the prevalent risk-on mood, as depicted by a positive trading sentiment around equity markets, provided an additional boost to perceived riskier currencies – like the Aussie – and remained supportive of the ongoing positive momentum, albeit persistent US-China trade tensions might keep a lid […]

Singapore: STI Index (.STI) core inflation likely eased to its slowest pace in nearly three years

Singapore: STI Index (.STI) core inflation likely eased to its slowest pace in nearly three years

Singapore: STI Index (.STI) core inflation likely eased to its slowest pace in nearly three years Singapore’s core inflation likely eased to its slowest pace in nearly three years in July, reinforcing expectations that the central bank will loosen policy later this year to support the city-state’s subdued economy. A Reuters poll of 11 economists […]

British Pound: USD/GBP (GBP=X) slightly lower

British Pound: USD/GBP (GBP=X) slightly lower

British Pound: USD/GBP (GBP=X) slightly lower The British pound has rolled over a bit during the trading session on Wednesday, as the 1.22 level has offered a significant amount of resistance yet again. That being said though, the 1.2250 level is also resistance, and of course we have the 50 day EMA above which is painted […]

Shanghai: SSE Composite Index (.SSEC) investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts

Shanghai: SSE Composite Index (.SSEC) investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts

Shanghai: SSE Composite Index (.SSEC) investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more […]

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways

New Zealand Dollar: NZD/USD (NZD=X) continues to drift sideways The New Zealand Dollar continues to drift sideways to lower nearly two week after the Reserve Bank of New Zealand (RBNZ) stunned the financial markets by cutting interest rates a steep 50 basis points and even indicated it may be willing to take rates below zero. […]

Silver 1 OZ 999 NY (XAG=X) showing resilience in the face of rallying global stock markets this week

Silver 1 OZ 999 NY (XAG=X) showing resilience in the face of rallying global stock markets this week

Silver 1 OZ 999 NY (XAG=X) showing resilience in the face of rallying global stock markets this week Gold and silver prices are moderately lower in early U.S. trading Wednesday, as trader and investor sentiment remains positive at mid-week. Still, the precious metals market bulls should not be too disappointed in price action so far this week, as […]

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers

Australia: S&P/ASX 200 (ASX:.AXJO) turned skittish ahead of a key meeting of central bankers The Australian share market has given up most of its gains from Tuesday, as markets around the world turned skittish ahead of a key meeting of central bankers. The benchmark S&P/ASX200 index finished Wednesday down 61.7 points, or 0.94 per cent, […]

Ethereum: USD/ETH (ETH=) Significant Movement Is Expected

Ethereum: USD/ETH (ETH=) Significant Movement Is Expected

Ethereum: USD/ETH (ETH=) Significant Movement Is Expected Ethereum holders have already taken a beating since the ICO boom helped bring the price per ETH to as much as $1,400 each. The fall from grace represents an over 85% drop from the previous all-time high, and some skeptics suggest that some altcoins may never again reach […]

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased U.S. crude stocks fell last week while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories fell by 3.5 million barrels in the week to August 16 to 439.8 million, compared with analysts’ […]

Bitcoin: USD/BTC (BTC=X) Faces Further Losses After Rejection Near $11K

Bitcoin: USD/BTC (BTC=X) Faces Further Losses After Rejection Near $11K

Bitcoin: USD/BTC (BTC=X) Faces Further Losses After Rejection Near $11K Bitcoin is losing altitude after rejection near the psychological hurdle of $11,000 earlier today, and may fall below $10,000 in the next 24 hours. The leading cryptocurrency by market value rose to a high of $10,956 at 00:03 UTC today on Bitstamp, extending its recovery […]

Top 7 Most Beautiful Turkish Islands

Top 7 Most Beautiful Turkish Islands

Top 7 Most Beautiful Turkish Islands Gokceada, Bozcaada, Cunda, Princes’ Islands; among the lots of islands that you will find in the Turkish seas, there are seven which are world renowned, also known as the most popular holiday islands in Turkey. Come and enjoy the beautiful Turkish islands. NORTH AEGEAN ISLANDS Bozcaada Island: Bozcaada is the third […]

Tesla, Inc. (NASDAQ:TSLA) to postpone self-driving feature’s price increase

Tesla, Inc. (NASDAQ:TSLA) to postpone self-driving feature’s price increase

Tesla, Inc. (NASDAQ:TSLA) to postpone self-driving feature’s price increase Tesla Inc. TSLA, -0.85% Chief Executive Elon Musk tweeted late Tuesday that a price increase on the company’s FSD, or full self-driving feature, is postponed until a latest version is in “wide release,” some four to eight weeks away. Musk had tweeted in July that the cost of the […]

Twitter, Inc. (NYSE:TWTR) shares are being guided upward

Twitter, Inc. (NYSE:TWTR) shares are being guided upward

Twitter, Inc. (NYSE:TWTR) shares are being guided upward It has been incredibly erratic action, but progressive action nonetheless. That is, Twitter shares are being guided upward, squeezed toward the narrowing tip of an ascending wedge pattern. More recently, TWTR stock has been finding support at levels that suggest the buyers are working on forcing a […]

Dow Jones Industrial Average (.DJI) investors contended with worries about the strength of the U.S. economy

Dow Jones Industrial Average (.DJI) investors contended with worries about the strength of the U.S. economy

Dow Jones Industrial Average (.DJI) investors contended with worries about the strength of the U.S. economy U.S. stocks finished at their lows of the session on Tuesday as investors contended with worries about the strength of the U.S. economy and political developments in Europe that were weighing on government bonds. How are the major benchmarks […]

The Home Depot, Inc. (NYSE:HD) will feel the impact of lumber price deflation and Lowe’s improvement

The Home Depot, Inc. (NYSE:HD) will feel the impact of lumber price deflation and Lowe’s improvement

The Home Depot, Inc. (NYSE:HD) will feel the impact of lumber price deflation and Lowe’s improvement Home Depot Inc., the largest U.S. home improvement retailer, is feeling the squeeze for two reasons: lumber prices have topped out and competitor, Lowe’s Cos. Inc. has been improving its performance, according to the company and analysts, Home Depot HD, +4.40%   […]

Alibaba Group Holding Limited (NYSE:BABA) has delayed its up to $15 billion listing in Hong Kong

Alibaba Group Holding Limited (NYSE:BABA) has delayed its up to $15 billion listing in Hong Kong

Alibaba Group Holding Limited (NYSE:BABA) has delayed its up to $15 billion listing in Hong Kong China’s biggest e-commerce company Alibaba Group has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba’s Hong Kong-listing plans are being closely watched by […]

NASDAQ Composite (.IXIC) Investors await Fed chair’s speech on Friday

NASDAQ Composite (.IXIC) Investors await Fed chair’s speech on Friday

NASDAQ Composite (.IXIC) Investors await Fed chair’s speech on Friday Financial shares led U.S.stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index .SPSY dropped 1.4% and the group weighed most heavily on the benchmark […]

Facebook, Inc. (NASDAQ:FB) Libra Partner Mastercard Is Building Its Own Cryptocurrency Team

Facebook, Inc. (NASDAQ:FB) Libra Partner Mastercard Is Building Its Own Cryptocurrency Team

Facebook, Inc. (NASDAQ:FB) Libra Partner Mastercard Is Building Its Own Cryptocurrency Team Mastercard (MA) reportedly is assembling its own cryptocurrency team. The payments stock is a partner in the Facebook (FB) Libra digital currency project. Meanwhile Bitcoin is attempting to rally after its worst week in 2019. Mastercard is recruiting staff with expertise in the “cutting-edge intersection of […]

Apple Inc. (NASDAQ:AAPL) Card is now available to everyone in the US

Apple Inc. (NASDAQ:AAPL) Card is now available to everyone in the US

Apple Inc. (NASDAQ:AAPL) Card is now available to everyone in the US The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. Previously, a limited number of customers were invited to apply for the card […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Flat Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers […]

LA, a Major US City, has 1,000’s of People Eating and Defecating in its Streets

LA, a Major US City, has 1,000’s of People Eating and Defecating in its Streets

Homelessness has spiked in the State of California. Los Angeles especially has witnessed a massive increase. Between Ys 2018-2019 LA County’s homeless population grew by 16%. The City of Los Angeles experienced a similar phenom as its population grew at a slightly slower rate. The thousands of new people calling the streets their home has […]

UK FTSE 100 (.FTSE) gains reverse as fears of further political turmoil in Italy rise

UK FTSE 100 (.FTSE) gains reverse as fears of further political turmoil in Italy rise

UK FTSE 100 (.FTSE) gains reverse as fears of further political turmoil in Italy rise It was a day of two halves for both currency and equity traders in the UK after the FTSE 100 reversed early gains to end 0.9pc lower at 7,125 points. The mid-cap FTSE 250 also slipped, ending 0.5pc lower at […]

Hong Kong: Hang Seng Index (.HSI) returning to negative territory

Hong Kong: Hang Seng Index (.HSI) returning to negative territory

Hong Kong: Hang Seng Index (.HSI) returning to negative territory Stocks in Asia were mixed on Tuesday, as the People’s Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies. Mainland Chinese stocks were mixed on the day, with the Shanghai compositeshedding earlier as it slipped 0.11% to about 2,880.00. […]

Euro: USD/EUR (EUR=X) Rate Flat as Italian PM Conte’s Possible Resignation in Spotlight

Euro: USD/EUR (EUR=X) Rate Flat as Italian PM Conte’s Possible Resignation in Spotlight

Euro: USD/EUR (EUR=X) Rate Flat as Italian PM Conte’s Possible Resignation in Spotlight The Euro US Dollar (EUR/USD) exchange rate held steady at $1.107 today, as Italian Prime Minister Giuseppe Conte may face removal as Deputy Prime Minister, and leader of the League, Matteo Salvini could push for a no-confidence vote in the Government. As […]

Silver 1 OZ 999 NY (XAG=X) more upbeat trader and investor attitudes

Silver 1 OZ 999 NY (XAG=X) more upbeat trader and investor attitudes

Silver 1 OZ 999 NY (XAG=X) more upbeat trader and investor attitudes Gold and silver prices are modestly up in early U.S. trading Tuesday, as Monday’s price weakness is reckoned to be a buying opportunity in markets that remain in solid uptrends and not far below their recent highs. More upbeat trader and investor attitudes early this week […]

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board

Australia: S&P/ASX 200 (ASX:.AXJO) good support for the market across the board The Australian share market has enjoyed strong gains for a second straight day, with every sector advancing. The benchmark S&P/ASX200 index finished Tuesday up 77.6 points, or 1.2 per cent, to 6,545 points, while the broader All Ordinaries was up 76.9 points, or […]

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for […]

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery Last week’s recovery in GBP/USD was peculiar for two reasons. First, because Sterling has been notoriously weak for more than a month now. Second, because the pair managed to rally alongside the dollar. Early this week the inverse correlation between GBP/USD and the dollar index (DXY) has […]

Singapore: STI Index (.STI) rose in line with broader Asia as stimulus proposals in major economies muted recession fears

Singapore: STI Index (.STI) rose in line with broader Asia as stimulus proposals in major economies muted recession fears

Singapore: STI Index (.STI) rose in line with broader Asia as stimulus proposals in major economies muted recession fears Thailand cuts 2019 growth forecast to 3% from 3.8% Thai customs-cleared trade data for July due on Wed Malaysia hits over 1-week closing high By Niyati Shetty Aug 20 (Reuters) – Singapore and Malaysian stocks rose […]

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher On August 15, USD/CAD rallied to 1.3339 however, at this day the pair closed with a Doji candlestick, reflecting the buyer’s indecision to keep pushing the price higher. Consequently, the following day the price tested its weekly low. On August 14, the […]

Bitcoin: USD/BTC (BTC=X) losing altitude after rejection near the psychological hurdle of $11,000

Bitcoin: USD/BTC (BTC=X) losing altitude after rejection near the psychological hurdle of $11,000

Bitcoin: USD/BTC (BTC=X) losing altitude after rejection near the psychological hurdle of $11,000 Bitcoin is losing altitude after rejection near the psychological hurdle of $11,000 earlier today, and may fall below $10,000 in the next 24 hours. The leading cryptocurrency by market value rose to a high of $10,956 at 00:03 UTC today on Bitstamp, […]

Shanghai: SSE Composite Index (.SSEC) investors ponder the extent and impact of Beijing’s interest rate reform

Shanghai: SSE Composite Index (.SSEC) investors  ponder the extent and impact of Beijing’s interest rate reform

Shanghai: SSE Composite Index (.SSEC) investors ponder the extent and impact of Beijing’s interest rate reform China and Hong Kong stocks barely moved on Tuesday as investors took a breather and pondered the extent and impact of Beijing’s interest rate reform. The CSI300 index was unchanged at 3,790.92 at the end of the morning session, […]

DAX PERFORMANCE-INDEX (.GDAXI) pushing past Fibonacci resistance

DAX PERFORMANCE-INDEX (.GDAXI) pushing past Fibonacci resistance

DAX PERFORMANCE-INDEX (.GDAXI) pushing past Fibonacci resistance The DAX is heading higher once again this morning, with the index rising through the 76.4% Fibonacci resistance level at 11,721. Once again, we have a clear downtrend in play here, given the creation of lower highs and lows. That means we would need a break through 11,862 to bring […]

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci

New Zealand Dollar: NZD/USD (NZD=X) builds support from key Fibonacci NZD/USD continues to show evidence of having bottomed. Last week I looked at the initial build of a falling wedge pattern and this led to a continued test of support at the .6403 Fibonacci level, which is the 61.8% marker of the 2008-2011 major move […]

Japanese Yen: USD/JPY (JPY=X) ¥107 level above should continue to be resistance

Japanese Yen: USD/JPY (JPY=X) ¥107 level above should continue to be resistance

Japanese Yen: USD/JPY (JPY=X) ¥107 level above should continue to be resistance The US dollar rolled over a bit during the trading session on Tuesday, breaking below the bottom of the trading session on Monday. This of course is a very negative sign, and it should send this market much lower. At this point, the ¥107 […]

Australian Dollar: USD/AUD (AUD=X) continues to consolidate

Australian Dollar: USD/AUD (AUD=X) continues to consolidate

Australian Dollar: USD/AUD (AUD=X) continues to consolidate The Australian dollar has gone back and forth over the last several sessions, and of course the 0.68 level has offered a lot of resistance. We continue to pull back from that area on short-term charts, but I think at this point it’s obvious that the 0.67 level should […]

The ‘Inverted Yield Curb’ Explained

The ‘Inverted Yield Curb’ Explained

Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]