American Airlines Group (NASDAQ:AAL) Increases International Presence, Makes First Entrance into Africa

American Airlines Group (NASDAQ:AAL) Increases International Presence, Makes First Entrance into Africa

American Airlines Group (NASDAQ:AAL) Increases International Presence, Makes First Entrance into Africa American Airlines has the cure for the end-of-summer blues: new routes for next summer. Today, American unveiled its summer 2020 international schedule, which includes the following new service: Philadelphia (PHL) to Casablanca, Morocco (CMN) begins June 4 Dallas-Fort Worth (DFW) to Tel Aviv, […]

Dow Jones Industrial Average (.DJI) mustered modest gains following a dramatic turnabout

Dow Jones Industrial Average (.DJI) mustered modest gains following a dramatic turnabout

Dow Jones Industrial Average (.DJI) mustered modest gains following a dramatic turnabout U.S. stocks on Wednesday mustered modest gains following a dramatic turnabout, with all three key equity benchmarks recovering from losses of at least 1% which were partly driven by signs that global economic growth was slowing as the U.S. – China trade war […]

NHTSA sent Tesla, Inc. (NASDAQ:TSLA) a cease-and-desist letter over “misleading statements” about the Model 3′s safety rating

NHTSA sent Tesla, Inc. (NASDAQ:TSLA) a cease-and-desist letter over “misleading statements” about the Model 3′s safety rating

NHTSA sent Tesla, Inc. (NASDAQ:TSLA) a cease-and-desist letter over “misleading statements” about the Model 3′s safety rating The U.S. National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter regarding claims the company made on the safety of its Model 3 sedan. NHTSA Chief Counsel Jonathan Morrison sent Tesla CEO Elon Musk a cease-and-desist letter in October last year […]

Why Apple is investing in Apple Inc. (NASDAQ:AAPL)

Why Apple is investing in Apple Inc. (NASDAQ:AAPL)

Why Apple is investing in Apple Inc. (NASDAQ:AAPL) In the June quarter, Apple suffered through a sales slump, particularly in China, that resulted in a 13 percent drop from last year’s peak revenues and an 8.5% drop in profits. But that compares to the much larger collapse in Samsung Mobile performance—an incredible 41.6% collapse in operating profits—which […]

United States Oil (USO) prices plunge amid rising U.S. stockpiles

United States Oil (USO) prices plunge amid rising U.S. stockpiles

United States Oil (USO) prices plunge amid rising U.S. stockpiles U.S. crude oil imports increased, while exports decreased during the week ending Aug. 2, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 7.15 million barrels per day (b/d) last week, up by 485,000 b/d from the previous week, while crude […]

Alphabet Inc. (NASDAQ:GOOG) advertising business will drive GOOGL stock price

Alphabet Inc. (NASDAQ:GOOG) advertising business will drive GOOGL stock price

Alphabet Inc. (NASDAQ:GOOG) advertising business will drive GOOGL stock price It might seem like there’s a lot to the Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) stock price. After all, Alphabet has a hardware business, including its Pixel phone, Google Home, and Nest. It has a venture capital arm: Google Ventures. There’s also their self-driving startup Waymo. Alphabet has a cloud business, too. […]

Cavory Takes Charge of The Anam in Cam Ranh

Cavory Takes Charge of The Anam in Cam Ranh

CAM RANH, Vietnam (August 8, 2019) – A seasoned professional with almost four decades of experience in the luxury hospitality industry across four continents has been appointed to the helm of the award-winning Anam. French national Philippe Cavory comes to the 12-hectare resort on Vietnam’s pristine Cam Ranh peninsula after four years with YTL Hotels, […]

Savvy Money is Betting Both Sides of the US-China Trade Dispute

Savvy Money is Betting Both Sides of the US-China Trade Dispute

$SPY, $SPX Hedge-fund billionaire Ray Dalio advised savvy investors to bet on “both horses in the race” amid rising trade tensions between the US and China. He argued that investors still have a historic opportunity to buy into China as it opens up its markets to foreign investments. “Would you have not wanted to invest with […]

Boost Your Mental Energy, Read About New Things

Boost Your Mental Energy, Read About New Things

Reading is an effective way to strengthen our higher-order thinking skills. Research has shown that reading a novel can enhance the brain’s neuron connections and improve the overall function of the brain. It was also revealed that reading strengthens the ability to empathize, and stimulates the imagination in a way that the reader was actually […]

Ferrari (NYSE:RACE) Has a Waiting List for it Supercars

Ferrari (NYSE:RACE) Has a Waiting List for it Supercars

$RACE Ferrari (NYSE:RACE) cars are not easy to buy, command a high price and there is a waiting list. Ferrari needs no introduction, its brand perhaps the most recognizable in the world, it is synonymous with professional motor-sports racing and an upscale lifestyle. Ferrari defines its own category of luxury sports cars and does not compete […]

“Gold’s Rally Above $1,500 oz is Just the Beginning”

“Gold’s Rally Above $1,500 oz is Just the Beginning”

$XAU, $GLD,$USD, $GS Analysts at Goldman Sachs (NYSE:GS) predict that gold prices already at 6-year highs will climb to $1,600 oz over the next 6 months as investors seek safe-havens. The dimming global economic outlook, driven by heightening trade tensions between the US and China are boosting gold’s appeal as a hedge against financial chaos. […]

Best Times Square Bars

Best Times Square Bars

Flashing lights, mega billboards and Broadway marquees: Times Square is one of NYC’s most visually striking neighborhoods. It’s also among the City’s most hospitable. The area teems with enticing bars, some of which provide sweeping views of the neighborhood (as well as pre-theater snacking). Whether you’re after handcrafted cocktails at an upscale rooftop lounge or […]

Australia: S&P/ASX 200 (ASX:.AXJO) steadies to recover losses after a massive sell-off

Australia: S&P/ASX 200 (ASX:.AXJO) steadies to recover losses after a massive sell-off

Australia: S&P/ASX 200 (ASX:.AXJO) steadies to recover losses after a massive sell-off Australian shares are set to open higher as markets steadied to recover losses after a massive sell-off. SPI futures were up 11 points to 6401 at 3.42am AEST. By 5.50am they were up 48 points, or 0.8 per cent, to 6438. The Australian […]

Singapore: STI Index (.STI) stocks take a beating as escalating Sino-US trade tension rattles investors

Singapore: STI Index (.STI) stocks take a beating as escalating Sino-US trade tension rattles investors

Singapore: STI Index (.STI) stocks take a beating as escalating Sino-US trade tension rattles investors Singapore shares began trading on Wednesday morning (Aug 7) in positive territory, recovering from the previous day’s losses after US stocks bounced back overnight as the yuan steadied. The Straits Times Index rose 0.11 per cent or 3.59 points to […]

Bitcoin: USD/BTC (BTC=X) bull run from April lows near $4,100 seems to have stalled

Bitcoin: USD/BTC (BTC=X) bull run from April lows near $4,100 seems to have stalled

Bitcoin: USD/BTC (BTC=X) bull run from April lows near $4,100 seems to have stalled Bitcoin needs to break above stiff resistance at $12,000 to unleash the next phase of the bull market, which began from lows near $4,100 on April 1. The top cryptocurrency by market value is currently trading at $11,527 on Bitstamp, having […]

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X)

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X)

RBNZ Surprise Slams New Zealand Dollar: NZD/USD (NZD=X) NZDUSD has been slammed following the surprise decision by the RBNZ to cut rates by 50bps (Exp. 25bps). Consequently, the pair broke through key support at 0.6480 before testing the psychological 0.6400 handle. Momentum indicators as signalled by the DMI are bearishly aligned, however, given the size […]

Japanese Yen: USD/JPY (JPY=X) global flight to safety continues to benefit the pair

Japanese Yen: USD/JPY (JPY=X) global flight to safety continues to benefit the pair

Japanese Yen: USD/JPY (JPY=X) global flight to safety continues to benefit the pair The greenback selling pressure picked up the pace in the last hour and dragged the USD/JPY pair farther below the 106.00 handle, back closer to multi-month lows set in the previous session. Investors are growing increasingly pessimistic about the outlook for the […]

FTSE Bursa Malaysia KLCI (.KLSE) slumps led by Genting stocks as trade war concerns linger

FTSE Bursa Malaysia KLCI (.KLSE) slumps led by Genting stocks as trade war concerns linger

FTSE Bursa Malaysia KLCI (.KLSE) slumps led by Genting stocks as trade war concerns linger The FBM KLCI closed 7.09 points or 0.44% lower today dragged mainly by Genting Malaysia Bhd and Genting Bhd’s substantial share price drop and as investors took profit against lingering US-China trade war concerns. At 5pm, the KLCI closed at […]

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained

Australian Dollar: USD/AUD (AUD=X) Weakness Sustained The Aussie pair kept the downtrend rally intact that had triggered since the start of 2019. The primary focus of the day remained over the RBA Interest Rate Decision. The policymakers held the rates at an all-time low near 1%, forecasting the trade tensions to worsen, compelling for a rate cut […]

Silver 1 OZ 999 NY (XAG=X) investors worldwide are on edge at mid-week as world government bond yields took a dramatic dive

Silver 1 OZ 999 NY (XAG=X) investors worldwide are on edge at mid-week as world government bond yields took a dramatic dive

Silver 1 OZ 999 NY (XAG=X) investors worldwide are on edge at mid-week as world government bond yields took a dramatic dive Gold and silver prices are sharply higher at midday Wednesday, with gold hitting a six-year high and trading well above the key $1,500.00 level. Silver prices scored a 13-month high of $17.145, basis December Comex futures. […]

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level Technically, December gold futures prices closed nearer the session high today. The bulls have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to […]

Euro: USD/EUR (EUR=X) trade war and risk of currency conflict threaten global economy

Euro: USD/EUR (EUR=X) trade war and risk of currency conflict threaten global economy

Euro: USD/EUR (EUR=X) trade war and risk of currency conflict threaten global economy The Euro reversed its earlier course and drifted lower on Tuesday as the Dollar rebounded from its previous slump but the exchange rate is still being tipped as a sell by strategists at TD Securities, who say the single currency is likely to […]

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair The pound is rangebound against the US dollar and many of the currency’s other peers this morning as sterling continues to build on recent stability. The US dollar and the euro have experienced dramatic movement over […]

DAX PERFORMANCE-INDEX (.GDAXI) rebound likely to resume

DAX PERFORMANCE-INDEX (.GDAXI) rebound likely to resume

DAX PERFORMANCE-INDEX (.GDAXI) rebound likely to resume The DAX has similarly drifted lower overnight, following on from a sharp rebound yesterday. The minimal size of that rate cut means we are likely to see further upside come into play before long. We are starting to see that bullish picture reemerge with prices rising into the 11,667. A […]

Hong Kong: Hang Seng Index (.HSI) investors remained tense over the escalating US-China trade war

Hong Kong: Hang Seng Index (.HSI) investors remained tense over the escalating US-China trade war

Hong Kong: Hang Seng Index (.HSI) investors remained tense over the escalating US-China trade war Hong Kong shares closed modestly higher today, ending a week-long losing streak after spending much of the day in the red as investors remained tense over the escalating US-China trade war. The Hang Seng Index edged up 0.08 per cent, […]

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward The Loonie pair rang the opening bell on Wednesday near 1.3281 level and displayed a slight bearish price action. Anyhow, the pair took a bounce off from the stable 1.3271 support handle, moving upside. At 03:00 GMT, the USD/CAD pair was making rounds near 1.3315 multiple month top mark with […]

UK FTSE 100 (.FTSE) still plenty of investor unease over the state of the global economy

UK FTSE 100 (.FTSE) still plenty of investor unease over the state of the global economy

UK FTSE 100 (.FTSE) still plenty of investor unease over the state of the global economy FTSE 100 closed higher on Wednesday, reversing yesterday’s loss, but there was still plenty of investor unease over the state of the global economy. Britain’s blue-chip benchmark closed up around 23 points on the day at 7,195. Yesterday, it […]

Shanghai: SSE Composite Index (.SSEC) stocks fall before MSCI’s announcement on weighting increases for Chinese stocks and release of July trade data

Shanghai: SSE Composite Index (.SSEC) stocks fall before MSCI’s announcement on weighting increases for Chinese stocks and release of July trade data

Shanghai: SSE Composite Index (.SSEC) stocks fall before MSCI’s announcement on weighting increases for Chinese stocks and release of July trade data China’s stocks fell on Wednesday, with the benchmark gauge capping its longest run of declines in the past two months, as the US-China trade tension weighs on the growth outlook. The Shanghai Composite […]

Vietnam’s Ho Tram Beach Welcomes Cool New Beach Club

Vietnam’s Ho Tram Beach Welcomes Cool New Beach Club

HO TRAM, Vietnam (August 7, 2019) – Meliá Ho Tram Beach Resort has opened Vietnam’s first Spanish beach club, with panoramic views of one of the country’s best beaches, entertainment in spades and a distinct Mediterranean vibe. Dubbed “the place to be”, Breeza Beach Club brings the spirit of the world-famous Mediterranean chill-out beach clubs […]

Expect Profit Warnings in Hong Kong

Expect Profit Warnings in Hong Kong

Hong Kong’s flagship airline Cathay Pacific warned Wednesday that increasingly violent protests in the financial hub had hit booking demand. Announcing interim results that showed the airline in the black after huge losses in the first half of last year, chairman John Slosar warned of further impact to the business in response to both the […]

Socialism has Failed Germany

Socialism has Failed Germany

Industrial production in European powerhouse Germany fell back in June, official data showed Wednesday, adding to a picture of a eurozone suffering from trade wars and global uncertainty. Output at producer firms shed 1.5 percent in June from the previous month, federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, after […]

Trade War Becomes Currency War

Trade War Becomes Currency War

Longstanding warnings from economists of global spillover from the US-China trade war appear to be materialising, with a trio of central banks springing surprise rate cuts on Wednesday. The monetary policy moves in India, New Zealand and Thailand came as industrial production in European powerhouse Germany fell back in June, adding to uncertainty in the […]

Facebook, Inc. (NASDAQ:FB) stock will bounce back from this recent sell-off, but things may get worse before they get better

Facebook, Inc. (NASDAQ:FB) stock will bounce back from this recent sell-off, but things may get worse before they get better

Facebook, Inc. (NASDAQ:FB) stock will bounce back from this recent sell-off, but things may get worse before they get better Shares of global internet giant Facebook (NASDAQ:FB) are tumbling into early August as broader financial markets are being pressured by escalating trade war and interest rate headwinds. Specifically, all the market has cared about in […]

Advanced Micro Devices, Inc. (NASDAQ:AMD) potential buying opportunity

Advanced Micro Devices, Inc. (NASDAQ:AMD) potential buying opportunity

Advanced Micro Devices, Inc. (NASDAQ:AMD) potential buying opportunity Advanced Micro Devices, once the king of the land, has been laid low after earnings. The recent trade war drama hasn’t helped either. Semiconductors have been disproportionately beaten. Yesterday’s 4.9% slide extended AMD stock’s peak-to-trough drawdown to 20.7%. Given the plethora of potential support zones looming beneath, […]

Apple Inc. (NASDAQ:AAPL) investors are concerned that tariffs would cause the company to raise the prices of the iPhone

Apple Inc. (NASDAQ:AAPL)  investors are concerned that tariffs would cause the company to raise the prices of the iPhone

Apple Inc. (NASDAQ:AAPL) investors are concerned that tariffs would cause the company to raise the prices of the iPhone As the trade war escalates, Apple Inc. (AAPL) shares are selling off at an alarming rate. The tech giant, which relies on China for almost 20% of its sales, plummeted by over 5% on August 5. […]

Alibaba Group Holding Limited (NYSE:BABA) stock will likely go lower before eventually rebounding

Alibaba Group Holding Limited (NYSE:BABA) stock will likely go lower before eventually rebounding

Alibaba Group Holding Limited (NYSE:BABA) stock will likely go lower before eventually rebounding Alibaba Group (NYSE:BABA) is an incredibly well-run company with a huge total addressable market and a long runway for growth. So why then is Alibaba stock under a seemingly constant barrage of selling pressure? Simply put, the trade wars. Valuing BABA Stock Alibaba […]

Activision Blizzard, Inc. (NASDAQ:ATVI) is set to report second-quarter 2019 results on Aug 8

Activision Blizzard, Inc. (NASDAQ:ATVI) is set to report second-quarter 2019 results on Aug 8

Activision Blizzard, Inc. (NASDAQ:ATVI) is set to report second-quarter 2019 results on Aug 8 Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 24.6%. In the first quarter, Activision reported non-GAAP earnings of 78 cents per share that remained flat year over year. […]

Dow Jones Industrial Average (.DJI) staged a solid rebound after suffering its worst loss of the year

Dow Jones Industrial Average (.DJI) staged a solid rebound after suffering its worst loss of the year

Dow Jones Industrial Average (.DJI) staged a solid rebound after suffering its worst loss of the year The stock market today staged a solid rebound after suffering its worst loss of the year on Monday. Apple, Microsoft and Disney boosted the Dow Jones industrials. The Nasdaq composite rallied 1.4%, the S&P 500 rose 1.3% and the Dow […]

Tesla, Inc. (NASDAQ:TSLA) is bringing back free Supercharging on its high-end Model S and Model X

Tesla, Inc. (NASDAQ:TSLA) is bringing back free Supercharging on its high-end Model S and Model X

Tesla, Inc. (NASDAQ:TSLA) is bringing back free Supercharging on its high-end Model S and Model X Tesla announced Saturday it is bringing back free Supercharging on its high-end Model S and Model X. We’ve heard that before. What makes this time different is that the company isn’t just offering the incentive on a few cars […]

United States Oil (USO) trade dispute continuing to cast a shadow over the market

United States Oil (USO) trade dispute continuing to cast a shadow over the market

United States Oil (USO) trade dispute continuing to cast a shadow over the market Oil prices steadied on Wednesday after falling at the start of the session, with the potential for damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over the market. International benchmark Brent crude futures were […]

Twitter, Inc. (NYSE:TWTR) stock is cheaply valued

Twitter, Inc. (NYSE:TWTR) stock is cheaply valued

Twitter, Inc. (NYSE:TWTR) stock is cheaply valued Twitter (TWTR) makes for a strong investment case. Typically, I recommend investors not to get too involved with the narrative the company puts out, but instead to zealously focus on its free cash flow potential. Having said that, Twitter has enough of the two to make for a […]

Ethereum: USD/ETH (ETH=) Continues Correcting Growth

Ethereum: USD/ETH (ETH=) Continues Correcting Growth

Ethereum: USD/ETH (ETH=) Continues Correcting Growth The British financial regulator Financial Conduct Authority has declared that it is not going to regulate the BTC and ETH, as well as other cryptocurrencies. In the document signed the cryptocurrencies are regarded as exchange instruments. Such coins are decentralized and in most cases used exactly as exchange means. The FCA […]

Alphabet shares were unmoved by President Donald Trump’s latest attack the Alphabet Inc. (NASDAQ:GOOG) parent Tuesday after his accused the company of “very illegal” activity during the 2016 Presidential election

Alphabet shares were unmoved by President Donald Trump’s latest attack the Alphabet Inc. (NASDAQ:GOOG) parent Tuesday after his accused the company of “very illegal” activity during the 2016 Presidential election

Alphabet shares were unmoved by President Donald Trump’s latest attack the Alphabet Inc. (NASDAQ:GOOG) parent Tuesday after his accused the company of “very illegal” activity during the 2016 Presidential election Alphabet shares were unmoved by President Donald Trump’s latest attack the Google parent Tuesday after his accused the company of “very illegal” activity during the […]

NASDAQ Composite (.IXIC) set to snap six-day losing streak

NASDAQ Composite (.IXIC) set to snap six-day losing streak

NASDAQ Composite (.IXIC) set to snap six-day losing streak U.S. stocks rose on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year. China’s overnight intervention came after […]

Bitcoin: USD/BTC (BTC=X) Price Sees Drop After Rejection Above $12K

Bitcoin: USD/BTC (BTC=X) Price Sees Drop After Rejection Above $12K

Bitcoin: USD/BTC (BTC=X) Price Sees Drop After Rejection Above $12K The price of bitcoin’s recent rise above $12,000 was stopped short a few hours into its rally, with prices sliding by more than $1,000 over the course of the U.S. trading session that followed. Beginning 10:15 UTC and lasting until 22:15 UTC, BTC witnessed a […]

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

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

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Steady, Stocks Higher Headlines US-China trade dispute remains in focus Crude Oil prices steady Spot gold may test psyche resistance at $1,500 oz Calm returns to stock markets as RMB Yuan steadies Gold: Gold prices +1% Wednesday as investors to seek refuge […]

Dream No Longer – DayDream Island Resort is Open

Dream No Longer – DayDream Island Resort is Open

Daydream Island Resort has reopened. The premium property offers 277 rooms and suites, three restaurants, bars and event spaces.  WHAT IS IT? Located in the Great Barrier Reef, Daydream Island is one of 74 islands that make up The Whitsundays and has recently undergone a AUD100m redevelopment.  WHAT’S SO SPECIAL? Apart from being right on the Great […]

Bitcoin: USD/BTC (BTC=X) footing is getting stronger in terms of price and mainstream adoption

Bitcoin: USD/BTC (BTC=X) footing is getting stronger in terms of price and mainstream adoption

Bitcoin: USD/BTC (BTC=X) footing is getting stronger in terms of price and mainstream adoption Currently, Bitcoin price is standing around eleven thousand three hundred and one dollars ($11301) while it traded above twelve thousand ($12,000) dollars for hours. A big improvement in a few hours, considering the fact that bitcoin surpassed the ten thousand dollars […]

Maxis Berhad (6012.KL) 2Q19 net profit down 16.9% on lower service revenue

Maxis Berhad (6012.KL) 2Q19 net profit down 16.9% on lower service revenue

Maxis Berhad (6012.KL) 2Q19 net profit down 16.9% on lower service revenue TMAXIS Bhd identified weaker service revenue in the absence of network sharing agreement, and lower prepaid and postpaid revenue saw its net profit fall 16.9% to RM397 million in the second quarter ended June 30, 2019 (2Q19), from RM478 million reported in 2Q18. […]

DAX PERFORMANCE-INDEX (.GDAXI) rebounds after recent decline

DAX PERFORMANCE-INDEX (.GDAXI) rebounds after recent decline

DAX PERFORMANCE-INDEX (.GDAXI) rebounds after recent decline The DAX has finally managed to find some buyers following a sharp decline throughout the past two-weeks. That took the index below the crucial 11,598 support level, pointing towards further downside to come. However, for the time being, we are in retracement mode, which could be substantial given the recent […]

UK FTSE 100 (.FTSE) falls for 6th straight day

UK FTSE 100 (.FTSE) falls for 6th straight day

UK FTSE 100 (.FTSE) falls for 6th straight day London’s FTSE 100 closed sharply lower on Tuesday, its sixth straight session in the red, bringing its losses to more than 5% since U.S. President Donald Trump announced more tariffs on Chinese exports, while poor results sent Rolls-Royce tumbling. The FTSE 100 , which suffered its […]

Shanghai: SSE Composite Index (.SSEC) benchmark retreats to five-month low

Shanghai: SSE Composite Index (.SSEC) benchmark retreats to five-month low

Shanghai: SSE Composite Index (.SSEC) benchmark retreats to five-month low China’s stocks dropped to the lowest level in five months after the US designated the Asian nation as a currency manipulator and Beijing suspended procurement of American agricultural products as the trade war flared up between the world’s two largest economies. The Shanghai Composite Index […]

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision

New Zealand Dollar: NZD/USD (NZD=X) traders are also positioning themselves ahead of the RBNZ interest rate decision The New Zealand Dollar is trading higher on Tuesday, but pulling back from its high hit earlier in the session, following the release of stronger-than-expected employment numbers. Despite the solid data, traders don’t think the news will prevent […]

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate The pound has edged up against the US dollar this morning, taking the pairing to $1.218. On Tuesday morning, the European Union stated that there will be no further Brexit talks as long as the UK government insists on making changes to Theresa May’s withdrawal agreement. […]

Japanese Yen: USD/JPY (JPY=X) support at the lower parallel around 105.55

Japanese Yen: USD/JPY (JPY=X) support at the lower parallel around 105.55

Japanese Yen: USD/JPY (JPY=X) support at the lower parallel around 105.55 Price posted an outside weekly reversal off resistance last week with the decline now targeting confluence near-term support at the lower parallel around 105.55. Look for a reaction there- resistance at 106.78 backed by 107.21 with bearish invalidation at 107.60. A break lower expose 104.65. Technical Indicators Overall, the bias in prices […]

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war Gold prices near steady and pausing in early U.S. trading Tuesday, after scoring another six-year high in overnight dealings. Safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war. December gold futures were last […]

Australian Dollar: USD/AUD (AUD=X) tries to recover

Australian Dollar: USD/AUD (AUD=X) tries to recover

Australian Dollar: USD/AUD (AUD=X) tries to recover The Australian Dollar surged higher against its G10 rivals Tuesday after the Reserve Bank of Australia(RBA) suggested it will wait for some time before cutting its interest rate again and as markets serenaded a record trade surplus for the month of June.  Australia’s trade surplus came in at $8.04 […]

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs The Canadian Dollar is down nearly 2% against US Dollar with USD/CAD rallying to fresh six-week highs on the back of last month’s breakout. Despite broader Dollar weakness, Loonie has remains vulnerable with the immediate focus now on near-term uptrend resistance. These are […]

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups

Singapore: STI Index (.STI) huge losses as traders anticipated more flare-ups Asian equities had no time to catch their breath on Monday, falling end over end in huge losses as traders anticipated more flare-ups from Washington after China’s yuan slumped to a decade low and stoked fears of rising trade-war pains and the spectre of […]

Hong Kong: Hang Seng Index (.HSI) selling pressure remains as trade war raises growth concerns

Hong Kong: Hang Seng Index (.HSI) selling pressure remains as trade war raises growth concerns

Hong Kong: Hang Seng Index (.HSI) selling pressure remains as trade war raises growth concerns Hong Kong stock investors headed for the exit as economic woes, street protests and China’s weak yuan intensified worries over potential outflows from the city. The MSCI Hong Kong Index closed 0.6% lower, its 10th straight decline a day after […]

Euro: USD/EUR (EUR=X) bounce finds resistance

Euro: USD/EUR (EUR=X)  bounce finds resistance

Euro: USD/EUR (EUR=X) bounce finds resistance Similar to the backdrop on USD, differing approaches could be attractive on EUR/USD based on timeframes employed. From a swing perspective, prices found resistance at a key zone that runs from 1.1248-1.1262. This zone had come into play as resistance in the month of May and helped to catch today’s swing-high. […]

Australia: S&P/ASX 200 (ASX:.AXJO) Is this a buying or selling opportunity?

Australia: S&P/ASX 200 (ASX:.AXJO) Is this a buying or selling opportunity?

Australia: S&P/ASX 200 (ASX:.AXJO) Is this a buying or selling opportunity? The answer is probably both! I believe the market is primed for a sell-off after staging big gains in 2019 and a correction is healthy. Stocks will bounce back as central banks will rush to pump their respective economies with cheap and accessible credit. […]

Silver 1 OZ 999 NY (XAG=X) bullish due to so much in the way of uncertainty

Silver 1 OZ 999 NY (XAG=X) bullish due to so much in the way of uncertainty

Silver 1 OZ 999 NY (XAG=X) bullish due to so much in the way of uncertainty Silver markets gapped a little bit higher during the trading session on Tuesday, but then turned around to fill that gap before rallying again. Ultimately, the market is bullish in general, due to the fact that there is so much […]

The Fed is Under Pressure to Ease Further

The Fed is Under Pressure to Ease Further

$SPY Last week, Federal Reserve Chairman Powell cut U.S. interest rates calling the move an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late Monday designated China a currency manipulator. The move by US Treasury Secretary Steven Mnuchin starts a formal process to address […]

Bitcoin: USD/BTC (BTC=X) Hovering Under $12,000 in Recent Surge

Bitcoin: USD/BTC (BTC=X) Hovering Under $12,000 in Recent Surge

Bitcoin: USD/BTC (BTC=X) Hovering Under $12,000 in Recent Surge The number one cryptocurrency, Bitcoin (BTC), appears to have stabilized shy of $12,000 after quickly retaking $11,000 in a rally this weekend. Ether (ETH) and XRP are seeing slight gains at press time. Bitcoin is trading around $11,700 at press time, with a 3.3% gain on the day. […]

Alibaba Group Holding Limited (NYSE:BABA) analyst forecasts appear to be pessimistic

Alibaba Group Holding Limited (NYSE:BABA) analyst forecasts appear to be pessimistic

Alibaba Group Holding Limited (NYSE:BABA) analyst forecasts appear to be pessimistic After Alibaba Group Holding Limited’s (NYSE:BABA) recent earnings announcement in March 2019, analyst forecasts appear to be pessimistic, with earnings expected to decline by 7.0% in the upcoming year compared with the past 5-year average growth rate of 17%. Presently, with latest-twelve-month earnings at […]

Facebook, Inc. (NASDAQ:FB) decline on global equity selloff

Facebook, Inc. (NASDAQ:FB) decline on global equity selloff

Facebook, Inc. (NASDAQ:FB) decline on global equity selloff The joy ride for internet stocks took a temporary detour on Monday. Shares of industry stalwarts Facebook Inc. FB, -3.86%, Alphabet Inc.’s GOOGL, -3.47% GOOG, -3.49% Google, Snap Inc. SNAP, -3.35%, and others tumbled after China allowed its yuan currency to fall to a more-than-10-year low versus […]

Dow Jones Industrial Average (.DJI) a dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off

Dow Jones Industrial Average (.DJI) a dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off

Dow Jones Industrial Average (.DJI) a dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off A dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off in markets on Monday. The Dow closed down 767 points, and the Nasdaq Composite — a proxy for the technology […]

NASDAQ Composite (.IXIC) investors reprice the risk to the economy from the trade war

NASDAQ Composite (.IXIC) investors reprice the risk to the economy from the trade war

NASDAQ Composite (.IXIC) investors reprice the risk to the economy from the trade war Sharper losses could be in store for Wall Street. The S&P 500’s 3.2 percent slump on Monday in reaction to an escalating U.S.-China trade war has added to fears that a prolonged market correction could already have started. Many investors define […]

Tesla, Inc. (NASDAQ:TSLA) is stepping up its efforts to detect and prevent fraud within its ranks

Tesla, Inc. (NASDAQ:TSLA) is stepping up its efforts to detect and prevent fraud within its ranks

Tesla, Inc. (NASDAQ:TSLA) is stepping up its efforts to detect and prevent fraud within its ranks Tesla is stepping up its efforts to detect and prevent fraud and waste within its ranks, according to a job listing posted to its own careers page on July 19th, and syndicated to LinkedIn about a week ago. According to the […]

Alphabet Inc. (NASDAQ:GOOG) was down more than $50 at one point in afternoon trading

Alphabet Inc. (NASDAQ:GOOG) was down more than $50 at one point in afternoon trading

Alphabet Inc. (NASDAQ:GOOG) was down more than $50 at one point in afternoon trading A massive selloff on Wall Street did not spare San Francisco Bay Area firms on Monday as major tech giants saw their stocks tumble. The downturn comes after China let its currency sink to the lowest level in more than a […]

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand

United States Oil (USO) traders are concerned the ongoing trade dispute between the world’s two biggest oil buyers will dent demand Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade […]

The Fed Vs The People

The Fed Vs The People

Four former US Federal Reserve chairs published an essay on Monday advocating for the independence of the institution, which has been the target of recent criticism by President Donald Trump. Writing in The Wall Street Journal, the four living former Fed chiefs, Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen, defended the central bank […]

What is Driving Mass Shootings

What is Driving Mass Shootings

Global privacy regulators joined forces Tuesday to demand guarantees from Facebook on how it will protect users’ financial data when it launches its planned cryptocurrency, Libra. The watchdogs from Australia, the US, EU, Britain, Canada and other countries issued an open letter calling on Facebook to respond to more than a dozen concerns over how […]

Asian Markets Take a Beating

Asian Markets Take a Beating

Asian markets slumped in morning trade Tuesday, tracking global losses after Wall Street suffered its worst sell-off of the year as investors fretted over US-China trade war fears. A sharp fall in the Chinese yuan’s value against the dollar — breaching the 7.0 level seen as a key threshold by investors — prompted US President […]

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

No One Has a Straight Answer as to Why Gold is in a Strong Bull Market

$XAU, $GLD, $USD FLASH: The precious Yellow metal is now acting like the Key safe-haven from the world’s problems. Gold prices spiked Monday rising 1.5% to new 6-year highs. Gold is the play within the trade dispute between Presidents Trump and Xi. Gold risen 17% since the moment last December when President Trump declared, “I am a […]

Shanghai: SSE Composite Index (.SSEC) China’s move to weaken the yuan suggests the level is no longer a line in the sand for policy makers in Beijing

Shanghai: SSE Composite Index (.SSEC) China’s move to weaken the yuan suggests the level is no longer a line in the sand for policy makers in Beijing

Shanghai: SSE Composite Index (.SSEC) China’s move to weaken the yuan suggests the level is no longer a line in the sand for policy makers in Beijing US stock futures slumped with European stocks on Monday (Aug 5), tracking a sell-off across Asia after China struck back in its trade dispute with America and let […]

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower

New Zealand Dollar: NZD/USD (NZD=X) weaker as PBOC, trade tensions push Chinese currency lower The New Zealand Dollar entered the new week on its back foot Monday as commodity currencies followed the Chinese Renminbi lower, although analysts at HSBC and Commonwealth Bank of Australia(CBA) have warned there are more losses in store for the Kiwi unit in the […]

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run During the early hours, the Loonie pair had already shifted gears, shooting up from 1.3192 bottom mark to 1.3243 level. Laterwards, the pair appeared to slow down, maintaining a consolidation near 1.3226 level. Meantime, the Crude prices had appeared to drop since last Friday as the […]

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles From a fundamental perspective, the GBP/USD currency pair is trading at the back of major economic developments and geopolitical tussles. The Pound Sterling’s upside potential appears to be limited by Brexit woes as the reality of a  hard Brexit deal […]

Euro: USD/EUR (EUR=X) Extends Recovery

Euro: USD/EUR (EUR=X) Extends Recovery

Euro: USD/EUR (EUR=X) Extends Recovery The Euro to US Dollar exchange rate extended its recovery as Monday’s European session progressed with the single currency last seen trading up 0.61% at $1.11742, after posting a session high just above $1.118. Monday’s data releases out of the bloc left much to be desired – with the services […]

Japanese Yen: USD/JPY (JPY=X) bearish with short-term outlook

Japanese Yen: USD/JPY (JPY=X) bearish with short-term outlook

Japanese Yen: USD/JPY (JPY=X) bearish with short-term outlook The anti-risk Japanese Yen and Swiss Franc outperformed against their major counterparts as Wall Street wrapped up its worst week this year. While the S&P 500 dropped nearly ¾ of a percent on Friday, it was European benchmark stock indexes that fared the worst. The Euro Stoxx 50 and DAX tumbled 3.26% and 3.11% respectively. The source […]

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak

Australian Dollar: USD/AUD (AUD=X) is on pace to extend its losing streak The recent stretch of Australian Dollar weakness looks set to extend its record of consecutive daily declines. Spot AUDUSD has drifted lower over the last 14 trading sessions and Monday’s close will likely add another tally to the streak. Looking ahead, AUD currency […]

Singapore: STI Index (.STI) investors appear to be in a risk-off mode amid US-China trade escalation

Singapore: STI Index (.STI) investors appear to be in a risk-off mode amid US-China trade escalation

Singapore: STI Index (.STI) investors appear to be in a risk-off mode amid US-China trade escalation Singapore stocks opened the week on the back foot on Monday (Aug 5), with the Straits Times Index (STI) plummeting by as much as 2 per cent in morning trade. This comes as investors appear to be in a […]

Australia: S&P/ASX 200 (ASX:.AXJO) set to plummet as markets suffered a sweeping global sell-off amid the escalation of the Sino-US trade and currency war

Australia: S&P/ASX 200 (ASX:.AXJO) set to plummet as markets suffered a sweeping global sell-off amid the escalation of the Sino-US trade and currency war

Australia: S&P/ASX 200 (ASX:.AXJO) set to plummet as markets suffered a sweeping global sell-off amid the escalation of the Sino-US trade and currency war Australian shares are set to plummet as markets suffered a sweeping global sell-off amid the escalation of the Sino-US trade and currency war. The RBA meets today but markets don’t expect […]

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war Fear is surging through financial markets and investors are jumping into gold as the U.S.-China trade war has turned into a currency war. The next target for gold in this environment is clearly $1,500 an ounce, analysts […]

Hong Kong: Hang Seng Index (.HSI) plunges on strikes

Hong Kong: Hang Seng Index (.HSI) plunges on strikes

Hong Kong: Hang Seng Index (.HSI) plunges on strikes The Hang Seng dropped 2.9 per cent to 26,151.32 for a ninth straight day of declines. The last time when such a run happened was back in March 1997, a few months before the handover of the former British colony and before the Asian financial crisis. […]

Silver 1 OZ 999 NY (XAG=X) formed a very bullish candle stick

Silver 1 OZ 999 NY (XAG=X) formed a very bullish candle stick

Silver 1 OZ 999 NY (XAG=X) formed a very bullish candle stick Silver markets initially pulled back a little bit during the trading session on Monday but have found buyers underneath the turn things around and break above the $16.50 level during early trading in North America. However, we still have a lot of resistance […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last week the market was in consolidation mode and tested the 50-Day MA’s and bounced and… Employment report showed solid jobs growth in July Major averages found buying support at 50-Day MAs INDUSTRY WATCH Strong: Real Estate, Utilities, Consumer Staples Weak: Information Technology, Energy, Materials The CBOE Volatility Index has […]

Hong Kong Demands Independence

Hong Kong Demands Independence

Peak-hour morning train travel and international flights in Hong Kong were thrown into chaos on Monday as pro-democracy protesters launched an attempted city-wide strike to ramp up pressure on the financial hub’s embattled leaders. Activists descended on key subway stations during the morning rush hour, deliberately keeping open doors to stop trains departing, causing long […]

Airbus has overtaken the American giant Boeing

Airbus has overtaken the  American giant Boeing

With its main rival hobbled by the worldwide grounding of a top-selling jet, Europe’s Airbus could seem poised to emerge as the undisputed global aerospace leader. Airbus has overtaken the American giant Boeing in some key benchmarks in 2019. And the company is now better positioned to move quickly on a new jet product. Meanwhile, […]

Apple After iPhone

Apple After iPhone

With its latest financial results, Apple is showing it can move beyond the iPhone with gadgets and services that can help the California tech giant weather the slumping smartphone market. In the just-ended quarter, Apple took in less than half its revenue from the iPhone, the longtime cash and profit driver for the company, representing […]

Boeing Remains a Protected Species

Boeing Remains a Protected Species

The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing’s reputation, but it still has the confidence of US policymakers. This is despite the fact that one of the MAX flight systems, the MCAS, has been cited in both accidents. Is this an indication that the American […]

Google, Apple and Amazon are Spying on You Offline

Google, Apple and Amazon are Spying on You Offline

A series of privacy missteps in recent months has raised fresh concerns over the future of voice-controlled digital assistants, a growing market seen by some as the next frontier in computing. Recent incidents involving Google, Apple and Amazon devices underscore that despite strong growth in the market for smart speakers and devices, more work is […]

Gold Sentiment Traders are Net Long in Here

Gold Sentiment Traders are Net Long in Here

$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]

United States Oil (USO) after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts

United States Oil (USO) after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts

United States Oil (USO) after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts Oil dropped on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied. […]

Alphabet Inc. (NASDAQ:GOOG) investors should prepare for more volatility

Alphabet Inc. (NASDAQ:GOOG) investors should prepare for more volatility

Alphabet Inc. (NASDAQ:GOOG) investors should prepare for more volatility In April, Google parent, Alphabet’s (NASDAQ: GOOGL) stock price was punished when results disappointed investors. Last week, when the company’s results beat analyst expectations, the stock price soared 12%. These are big moves for a company worth $850 billion – but investors should prepare for more […]

Bitcoin: USD/BTC (BTC=X) inflation rate is slowly drawing to a close

Bitcoin: USD/BTC (BTC=X) inflation rate is slowly drawing to a close

Bitcoin: USD/BTC (BTC=X) inflation rate is slowly drawing to a close Bitcoin’s inflation rate is slowly drawing to a close. Some 85 percent of the 21 million bitcoins that are programmed to come into existence have been mined, leaving just 3.15 million coins left. But while the majority of the supply has been unlocked, the remaining 15 […]