Ethereum: USD/ETH (ETH=) long term technical indicators are turning bullish

Ethereum: USD/ETH (ETH=) long term technical indicators are turning bullish

Ethereum: USD/ETH (ETH=) long term technical indicators are turning bullish It would be fair to say that Ethereum is still deep within a two-year bear market. Since its heady peak, this time two years ago the world’s second most popular crypto asset has dumped 88% to current levels. It has remained lethargic throughout 2019 with […]

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]

Facebook, Inc. (NASDAQ:FB) stock has risen 180% over the last five years

Facebook, Inc. (NASDAQ:FB) stock has risen 180% over the last five years

Facebook, Inc. (NASDAQ:FB) stock has risen 180% over the last five years For more than two years, Facebook has found itself at the center of a string of controversies, from privacy and data concerns to accusations of democracy-destroying behavior and antitrust investigations from the Federal Trade Commission. CEO Mark Zuckerberg has been called to testify […]

Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center

Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center

Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center U.S. electric car maker Tesla plans to open a design and research center in China to make “Chinese-style” vehicles, the company said in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other staff to help […]

Alphabet Inc. (NASDAQ:GOOG) parent, Alphabet Inc, valued at more than $1 trillion

Alphabet Inc. (NASDAQ:GOOG) parent, Alphabet Inc, valued at more than $1 trillion

Alphabet Inc. (NASDAQ:GOOG) parent, Alphabet Inc, valued at more than $1 trillion Alphabet Inc. hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first time, solidifying the dominance of technology and internet stocks as the biggest titans of Wall Street.Shares rallied in the last […]

Alibaba Group Holding Limited (NYSE:BABA) Stock Could Cruise Past $300 In 2020

Alibaba Group Holding Limited (NYSE:BABA) Stock Could Cruise Past $300 In 2020

Alibaba Group Holding Limited (NYSE:BABA) Stock Could Cruise Past $300 In 2020 With Alibaba (NYSE:BABA) spreading its wings, the past year has been rewarding for shareholders. BABA stock has surged by 53% over the past year, backed by strong fundamental developments. I further believe that the stock is well positioned to touch $300 within the […]

Dow Jones Industrial Average (.DJI) Trade Deal’s Done, Earnings Take Focus

Dow Jones Industrial Average (.DJI) Trade Deal’s Done, Earnings Take Focus

Dow Jones Industrial Average (.DJI) Trade Deal’s Done, Earnings Take Focus After several years of what were often hostile or unproductive negotiations, the U.S. and China finally inked the first part of what the world’s two largest economies are hoping will be a broader trade package. That and some earnings reports from marquee companies paved […]

NASDAQ Composite (.IXIC) – Tech, financial shares lead surge to record highs

NASDAQ Composite (.IXIC) – Tech, financial shares lead surge to record highs

NASDAQ Composite (.IXIC) – Tech, financial shares lead surge to record highs The record-setting rally in U.S. equities accelerated in the wake of Wednesday’s China trade deal and signs consumer demand remains strong. Bond yields rose. All three main U.S. stock benchmarks surged to all-time highs after setting multiple records earlier this week, with technology […]

Apple Inc. (NASDAQ:AAPL) a Strong Buy Heading into Earnings?

Apple Inc. (NASDAQ:AAPL) a Strong Buy Heading into Earnings?

Apple Inc. (NASDAQ:AAPL) a Strong Buy Heading into Earnings? Apple’s AAPL run over the last year, up over 100%, is impressive by its own lofty standards. AAPL shares have surged despite the fact that its fiscal 2019 sales slipped 2%, against a hard to compare 2018. With Apple’s first quarter fiscal 2020 financial results due […]

Bitcoin: USD/BTC (BTC=X) Explained. Past, Present and Future

Bitcoin: USD/BTC (BTC=X) Explained. Past, Present and Future

Bitcoin: USD/BTC (BTC=X) Explained. Past, Present and Future Bitcoin is 10 years old. And, after all, is in good health. During the past decade, historical ups followed by catastrophic downs and viceversa took the stage. Thousands of articles about its mysterious founder(s), its evolution, real and clearly unreal price predictions, and its near future death, […]

Fusion Hotel Group Opens Fusion Suites Vung Tau in the South of Vietnam

Fusion Hotel Group Opens Fusion Suites Vung Tau in the South of Vietnam

The latest addition to Fusion’s portfolio is the group’s third suite-style property Fusion’s newest hotel, Fusion Suites Vung Tau, is set to open on January 24th, 2020 in southern Vietnam’s popular coastal playground. The new 19-storey property features 171 well-appointed suites and apartments, a multitude of dining options, a maritime-inspired spa, and the city’s only […]

Meliá Hotels International celebrates grand opening of Meliá Koh Samui, its first hotel in Thailand

Meliá Hotels International celebrates grand opening of Meliá Koh Samui, its first hotel in Thailand

Leading Spanish hotel group Meliá Hotels International launches nautical-themed beachfront resort in partnership with Asset World Corporation, marking the start of a nationwide roll-out of hotels and resorts Koh Samui, Thailand (Jan. 16, 2020) – On January 10th 2020, Meliá Hotels International and Asset World Corporation (AWC), Thailand’s leading integrated lifestyle real estate group celebrated […]

$180,000 Ghostzapper Filly Electricita Leads Penultimate Day of Keeneland January Horses of All Ages Sale

$180,000 Ghostzapper Filly Electricita Leads Penultimate Day of Keeneland January Horses of All Ages Sale

Electricita, a 4-year-old daughter of Ghostzapper, who is from the family of Canadian Hall of Famer Dancethruthedawn and Grade 1 winner Moreno, sold to Cecil Seaman, agent for longtime client Jon Marshall, for $180,000 during Thursday’s fourth session of the Keeneland January Horses of All Ages Sale. Electricita, who is out of the A.P. Indy […]

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal That was despite alukewarm lead from Wall Street after the United States and China signed their long-awaited “phase one” trade agreement. The ASX 200 closed 0.7 per cent higher at 7,041 points, while the broader All Ordinaries index gained 0.6 […]

Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal

Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal

Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal The Hang Seng Index rose 0.4 per cent to 28,883.04 at the close. Thirty-two out of the 50 members on the benchmark gained. Sino Biopharmaceutical (1177 HK) was the best performer, climbing 4.8 per […]

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure

Silver 1 OZ 999 NY (XAG=X) Speculators Continue To Add Exposure It’s been a tough week for investors in the metals market, with the prevailing sentiment flipping from excitement to check the morning prices following Middle East tensions to disgust almost overnight. While silver (SLV) prices briefly challenged stiff resistance at the $18.45/oz level during […]

Singapore: STI Index (.STI) Asia Mixed After Trade Pact Signed

Singapore: STI Index (.STI) Asia Mixed After Trade Pact Signed

Singapore: STI Index (.STI) Asia Mixed After Trade Pact Signed The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced more than 10 points or 0.3 percent. The Straits Times Index now rests just above the 3,255-point plateau although […]

FTSE Bursa Malaysia KLCI (.KLSE) recovers on late buying

FTSE Bursa Malaysia KLCI (.KLSE) recovers on late buying

FTSE Bursa Malaysia KLCI (.KLSE) recovers on late buying Bursa Malaysia recovered from earlier losses to close higher today in tandem with regional peers, lifted by late buying in selected index-linked counters led by Axiata. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.74 points higher at 1,587.88 compared with 1,585.14 at […]

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction

Euro: USD/EUR (EUR=X) Strengthening the Correction For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction and break through the 1.1200 psychological resistance, but the pair gains did not exceed the 1.1163 level, despite the announcement of many important economic data and influential […]

New Zealand Dollar: NZD/USD (NZD=X) Momentum Shift May Lead to Test of .6671 – .6692

New Zealand Dollar: NZD/USD (NZD=X) Momentum Shift May Lead to Test of .6671 – .6692

New Zealand Dollar: NZD/USD (NZD=X) Momentum Shift May Lead to Test of .6671 – .6692 The New Zealand Dollar is strengthening against the U.S. Dollar on Thursday, following through on the move from the previous session that reversed earlier losses. The currency is likely being supported by hopes the U.S.-China trade deal, signed on Wednesday, […]

Canadian Dollar: USD/CAD (CAD=X) Supported by Positive Risk Sentiment

Canadian Dollar: USD/CAD (CAD=X) Supported by Positive Risk Sentiment

Canadian Dollar: USD/CAD (CAD=X) Supported by Positive Risk Sentiment The Canadian dollar is trading sideways. It bounced around in a narrow USD/CAD range of $1.3035-$1.3046 overnight, unable to garner any traction in either direction. There aren’t any top-tier domestic economic data available until next Wednesday when the Canadian inflation report is released. That is the […]

Shanghai: SSE Composite Index (.SSEC) is expected to release key December economic data today

Shanghai: SSE Composite Index (.SSEC) is expected to release key December economic data today

Shanghai: SSE Composite Index (.SSEC) is expected to release key December economic data today Chinese stocks retreated for a third day, as traders looked past the tentative truce in the US-China trade war to focus on lingering issues that could still fray the relationship between Beijing and Washington. The Shanghai Composite Index dropped 0.5 per […]

UK FTSE 100 (.FTSE) lagging a fairly flat set of European indices through the session to close in the red

UK FTSE 100 (.FTSE) lagging a fairly flat set of European indices through the session to close in the red

UK FTSE 100 (.FTSE) lagging a fairly flat set of European indices through the session to close in the red Shares in veterinary-focused drug maker Dechra Pharmaceuticals slipped after it warned full-year results would be weighted towards the second half following supply problems that hit its first-quarter performance. In an update to the City, Dechra […]

DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal

DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal

DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal German stocks advanced on Thursday after the United States and China signed a trade truce, helping ease investors’ concerns of further escalation in the costly conflict. Some questions still remain over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go any […]

Bitcoin: USD/BTC (BTC=X) Turns Indecisive at Two-Month High

Bitcoin: USD/BTC (BTC=X) Turns Indecisive at Two-Month High

Bitcoin: USD/BTC (BTC=X) Turns Indecisive at Two-Month High The bitcoin market is telling a tale of bullish exhaustion with indecisive price action following a rise to the highest point since November. The top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high […]

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin

United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese […]

Amazon.com, Inc. (NASDAQ:AMZN) sellers are no longer barred from shipping Prime orders with FedEx Ground

Amazon.com, Inc. (NASDAQ:AMZN) sellers are no longer barred from shipping Prime orders with FedEx Ground

Amazon.com, Inc. (NASDAQ:AMZN) sellers are no longer barred from shipping Prime orders with FedEx Ground Amazon has lifted a ban that temporarily kept some third-party sellers on the site from shipping orders using FedEx. As of Tuesday afternoon, FedEx Ground and FedEx Home are again available as shipping options for Amazon Prime orders from third-party […]

Tesla, Inc. (NASDAQ:TSLA) Elon Musk is closing in on a $350 million payday

Tesla, Inc. (NASDAQ:TSLA) Elon Musk is closing in on a $350 million payday

Tesla, Inc. (NASDAQ:TSLA) Elon Musk is closing in on a $350 million payday Elon Musk is getting close to the first big payday from his massive stock package. In 2018, Tesla shareholders approved a pay package for Musk that pays him only in company stock options, and only if the company hits aggressive growth targets, […]

Netflix, Inc. (NASDAQ:NFLX) Takes Pole Position in the Oscars Race

Netflix, Inc. (NASDAQ:NFLX) Takes Pole Position in the Oscars Race

Netflix, Inc. (NASDAQ:NFLX) Takes Pole Position in the Oscars Race Netflix (NASDAQ: NFLX) has long been known as a Hollywood disruptor, but the disruption may now be complete. The 2020 Oscar nominations were announced on Monday, and the leading streamer took home more than any other studio, garnering 24 nods, up from 15 a year ago.  […]

Apple Inc. (NASDAQ:AAPL) Shooting stock, profits plunging

Apple Inc. (NASDAQ:AAPL) Shooting stock, profits plunging

Apple Inc. (NASDAQ:AAPL) Shooting stock, profits plunging Apple shareholders must be extremely happy with the company’s performance in the past 12 months. The stock price is up 111% since the end of 2018, not to mention the US$3 (£2.31) per share that the company has paid in dividends over the period. While Apple’s full-year 2019 […]

NASDAQ Composite (.IXIC) tread water ahead of trade-deal signing

NASDAQ Composite (.IXIC) tread water ahead of trade-deal signing

NASDAQ Composite (.IXIC) tread water ahead of trade-deal signing U.S. stock benchmarks on Wednesday opened slightly lower to flat as investors awaited the signing of a partial Sino-American trade pact later in the day, amid a rollout of quarterly corporate earnings results. The hoped for improvement in U.S.-China trade relations might not be immediately achieved […]

Bitcoin: USD/BTC (BTC=X) has recorded its best start to the year since 2012

Bitcoin: USD/BTC (BTC=X) has recorded its best start to the year since 2012

Bitcoin: USD/BTC (BTC=X) has recorded its best start to the year since 2012 Bitcoin has recorded its best start to the year since 2012. Optimism has returned to the market following a crash after the 2017 record high. Bitcoin was trading at around $8,667.33 at 13:34 p.m. SIN/HK up roughly 21% so far this year. […]

Ethereum: USD/ETH (ETH=) is trading higher and above both the 2019 and 2020 open

Ethereum: USD/ETH (ETH=) is trading higher and above both the 2019 and 2020 open

Ethereum: USD/ETH (ETH=) is trading higher and above both the 2019 and 2020 open Ethereum’s daily Ichimoku chart certainly hints at a change in direction – but not yet a change in trend. It’s hard to believe that Ethereum was trading up +178% in June 2019 only to close 2019 for a loss ultimately, but […]

Alphabet Inc. (NASDAQ:GOOG) buys Irish tech firm Pointy for reported $163m

Alphabet Inc. (NASDAQ:GOOG) buys Irish tech firm Pointy for reported $163m

Alphabet Inc. (NASDAQ:GOOG) buys Irish tech firm Pointy for reported $163m Irish retail technology firm Pointy is to be bought by Google. Neither company has disclosed the value of the deal, but sources confirmed the accuracy of a TechCrunch report that Google will pay around $160m. Set up six years ago, Pointy makes software that enables small bricks and […]

Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact

Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact

Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact U.S. stock indexes closed higher Wednesday afternoon, though the major benchmarks ended the day well off session highs, after President Donald Trump signed the first phase of a trade pact with China, marking a truce […]

New Meliá Ho Tram Beach Resort Supports ‘Soap for Hope’ Program

New Meliá Ho Tram Beach Resort Supports ‘Soap for Hope’ Program

Meliá Ho Tram Beach Resort has signed up to help save lives in disadvantaged communities, create livelihoods, and shield the environment by joining soap recycling program Soap for Hope. The 17-hectare five-star resort, which celebrated its grand opening in April last year, has joined forces with hygiene and cleaning solutions company Diversey to participate in […]

Emphatic Group 1 Vertem Futurity Trophy Stakes winner Kameko under the microscope

Emphatic Group 1 Vertem Futurity Trophy Stakes winner Kameko under the microscope

Horse: Kameko Trainer: Andrew Balding. Form: 1221 Qatar Racing Limited have come up with a winning formulae. Buy stock of Kitten’s Joy and then sit back and enjoy the show. Roaring Lion was a son of the American sire and proved a phenomenon, winning four successive Group 1 triumphs in 2018 after finishing third in […]

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent crude […]

Bitcoin: USD/BTC (BTC=X) reaching their loftiest value since mid-November

Bitcoin: USD/BTC (BTC=X) reaching their loftiest value since mid-November

Bitcoin: USD/BTC (BTC=X) reaching their loftiest value since mid-November Bitcoin prices rallied today, reaching their loftiest value since mid-November as the broader market pushed higher. The digital currency climbed to $8,848.92 at roughly 1:15 p.m. EST, according to CoinDesk data. At this point, the cryptocurrency was up 3.6% for the day, and was trading at […]

British Pound: USD/GBP (GBP=X) Building Support Against Greenback

British Pound: USD/GBP (GBP=X) Building Support Against Greenback

British Pound: USD/GBP (GBP=X) Building Support Against Greenback The British pound has gone back and forth during the trading session on Tuesday, as we continue to see a lot of interest around the 50 day EMA. Furthermore, we are dancing around the 1.30 level, so it looks very likely that this level will continue to […]

Canadian Dollar: USD/CAD (CAD=X) Bearish Momentum Enough to Add to Downtrend?

Canadian Dollar: USD/CAD (CAD=X) Bearish Momentum Enough to Add to Downtrend?

Canadian Dollar: USD/CAD (CAD=X) Bearish Momentum Enough to Add to Downtrend? US Dollar weakness is expected to accelerate in 2020, and the Canadian Dollar was one of the best performers against the world’s top reserve currency. The most recent intra-day low in the USD/CAD marked a lower low, keeping the long-term downtrend intact. A recovery […]

Bitcoin: USD/BTC (BTC=X) shoots up almost 10%

Bitcoin: USD/BTC (BTC=X) shoots up almost 10%

Bitcoin: USD/BTC (BTC=X) shoots up almost 10% We closed the day, January 14 2020, at a price of $8,827. That’s a decent 8.43 percent increase in 24 hours, or $686. It was the highest closing price in sixty-four days. We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap […]

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000 The local sharemarket pushed to fresh record highs on Wednesday, brushing aside a soft lead from Wall Street sparked by renewed concerns towards progress in trade negotiations between the US and China in the months ahead. The benchmark S&P/ASX 200 climbed 32.6 points, or 0.5 per cent, to close […]

Hong Kong: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal Hong Kong and mainland stocks fell for a second straight day as investors moved to the sidelines amid lingering concerns over the US-China trade deal that will be signed later tonight in Washington.  The Hang Seng […]

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations

Silver 1 OZ 999 NY (XAG=X) may decline if trade deal cools Fed easing expectations Silver prices followed a similar trajectory to gold, though it looks as if its half-way through its bearish correction as it eyes support at 17.440. Cracking this floor would open the door to testing the December 20-low at 17.181. However, […]

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets Gold slipped to an over one-week low on Tuesday as strength in equities markets and hopes for a smooth signing of the US-China phase 1 trade deal tarnished bullion’s safe-haven appeal, while palladium rose to a record high. Spot gold dipped 0.3% to […]

Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal

Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal

Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal Market sentiment dragged in Asia on Wednesday ahead of the U.S. and China signing a phase one trade deal. In Japan, the Nikkei 225 index faded 108.59 points, or 0.5%, to 23,916.58. The Japanese yen changed hands at 109.92 per U.S. dollar, strengthening from […]

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, CI ends at intraday high

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, CI ends at intraday high

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, CI ends at intraday high Bursa Malaysia rebounded from earlier losses to close higher today, bucking the downtrend in regional stock markets, spurred by late bargain hunting in selected index-linked counters, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.54 points to finish […]

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892

Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892 The Australian Dollar surged to the upside on Friday and finished the session higher in the wake of a weaker-than-expected U.S. jobs report. Optimism over the impact of the U.S.-China trade deal may have also played a role in encouraging short-sellers to book profits after […]

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone

Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone The Dollar/Yen is trading lower early Wednesday as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is designed to draw a line under 18-months of back-and-forth tariffs that hurt global economic growth. However, to the […]

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate

Euro: USD/EUR (EUR=X) Continues To Consolidate The Euro initially tried to rally during the trading session on Tuesday but found the 200 day EMA to be a bit too restrictive to reach to the upside for any significant amount of distance. We also broke down but haven’t necessarily broken any support levels either. The 1.11 […]

Dow Jones Industrial Average (.DJI) Mixed Tuesday After Bank Earnings

Dow Jones Industrial Average (.DJI) Mixed Tuesday After Bank Earnings

Dow Jones Industrial Average (.DJI) Mixed Tuesday After Bank Earnings The Dow Jones Industrial Average closed at 28,939.67 on Tuesday with a gain of 32.62 points or 0.11%. The S&P 500 closed at 3,283.15 for a loss of 4.98 points or -0.15%. The Nasdaq Composite closed at 9,251.33 for a loss of 22.60 points or […]

Amazon.com, Inc. (NASDAQ:AMZN) Stock Remains the Cheapest of Its Cloud Peers

Amazon.com, Inc. (NASDAQ:AMZN) Stock Remains the Cheapest of Its Cloud Peers

Amazon.com, Inc. (NASDAQ:AMZN) Stock Remains the Cheapest of Its Cloud Peers The cloud was the big technology and business story of the last decade. Amazon (NASDAQ:AMZN) led the revolution. So why is it lagging its peers in terms of performance? Over the last year Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is up 37%. Facebook (NASDAQ:FB) is up 56%. […]

Facebook, Inc. (NASDAQ:FB) shares hit new high amid growing optimism for its 2020 prospects

Facebook, Inc. (NASDAQ:FB) shares hit new high amid growing optimism for its 2020 prospects

Facebook, Inc. (NASDAQ:FB) shares hit new high amid growing optimism for its 2020 prospects Facebook shares hit an intraday record on Monday, eclipsing a level that was last reached in mid-2018, as growing optimism over its 2020 prospects were seen as overshadowing risk related to regulation. Wall Street has been growing more positive on the […]

S&P 500, NASDAQ Composite (.IXIC) end choppy session lower

S&P 500, NASDAQ Composite (.IXIC) end choppy session lower

S&P 500, NASDAQ Composite (.IXIC) end choppy session lower Wall Street stocks finished a choppy session mostly lower on Tuesday (Jan 14) as earnings season opened with mixed banking results ahead of a US-China trade agreement. Stocks were bruised by an early afternoon Bloomberg News report that said the United States could maintain tariffs on […]

Alphabet Inc. (NASDAQ:GOOG) is acquiring Pointy, an Irish startup that helps people find out what their local stores have in physical stock

Alphabet Inc. (NASDAQ:GOOG) is acquiring Pointy, an Irish startup that helps people find out what their local stores have in physical stock

Alphabet Inc. (NASDAQ:GOOG) is acquiring Pointy, an Irish startup that helps people find out what their local stores have in physical stock Google is acquiring a small Irish retail tech startup called Pointy for an undisclosed amount, the search giant confirmed on Tuesday. The deal is expected to close in the coming weeks. Pointy is […]

Tesla, Inc. (NASDAQ:TSLA) will hit a market cap of $100 billion when the stock price reaches $554.81

Tesla, Inc. (NASDAQ:TSLA) will hit a market cap of $100 billion when the stock price reaches $554.81

Tesla, Inc. (NASDAQ:TSLA) will hit a market cap of $100 billion when the stock price reaches $554.81 Shares of Tesla have doubled in price over the past three months, paving the way for a massive payday for CEO Elon Musk. In 2018, Tesla’s board and shareholders authorized an unparalleled compensation plan for Musk, allowing him […]

Alibaba Group Holding Limited (NYSE:BABA) and Amazon Are on a Collision Course in Europe

Alibaba Group Holding Limited (NYSE:BABA) and Amazon Are on a Collision Course in Europe

Alibaba Group Holding Limited (NYSE:BABA) and Amazon Are on a Collision Course in Europe Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) generally aren’t considered competitors. Alibaba is the top e-commerce and cloud player in China, but Amazon dominates those two growing markets across many other countries. However, Alibaba considers Europe to be a priority for […]

Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal

Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal

Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal China and Hong Kong stocks retreated on Wednesday, with benchmarks falling for a second day, as investors stepped back ahead of the signing of an interim trade deal between US and China in Washington. The […]

Apple Inc. (NASDAQ:AAPL) downgraded to sell amid stock surge: 5G cycle is ‘fully priced in’

Apple Inc. (NASDAQ:AAPL) downgraded to sell amid stock surge: 5G cycle is ‘fully priced in’

Apple Inc. (NASDAQ:AAPL) downgraded to sell amid stock surge: 5G cycle is ‘fully priced in’ While some analysts are arguing that Apple Inc.’s party has only just begun, James Cordwell of Atlantic Equities is ready to pump the brakes on the celebration. He downgraded Apple’s stock AAPL, -1.35% to underweight from neutral in a Tuesday […]

Ethereum: USD/ETH (ETH=) Could End Its Seven Month Downward Trend

Ethereum: USD/ETH (ETH=) Could End Its Seven Month Downward Trend

Ethereum: USD/ETH (ETH=) Could End Its Seven Month Downward Trend The Ethereum price has reached a significant resistance area, and a breakout above would mark an end to the nearly seven-month downward trend. The price has been increasing since December 18, having done so my slightly more than 30%. Failure to break out above this […]

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns

Silver 1 OZ 999 NY (XAG=X) Slipping as Risk Appetite Returns December was all roses for silver, which jumped 4.9% on the month. The upswing continued into the New Year, after a U.S. drone attack killed an Iranian general and Iran retaliated with a missile attack on U.S. bases in Iraq. Tensions rose to a […]

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks

Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks Gold futures marked a second session decline on Tuesday, settling at their lowest since Jan. 2, with strength in the U.S. stock market and a phase one U.S.-China trade deal expected to be signed this week, dulling haven demand for the […]

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, drifts lower

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, drifts lower

FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, drifts lower Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets. At 5pm, the benchmark FBM KLCI closed 4.13 points, or 0.26% to 1,580.60 points. The index opened 0.26 point higher at 1,584.99 […]

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance

Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance AUD/USD has continued to trade within the confines of this ascending pitchfork formation extending off the October / November lows with daily resistance eyed at the median-line / 61.8% retracement at 6927 – a topside breach / close above is needed to validate a […]

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment. The news came a day before […]

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence

Euro: USD/EUR (EUR=X) Lingers Around Moving Average Confluence EUR/USD extended higher on Monday but the rally appears to have stalled at a moving average confluence. The latest inflation data from the United States will be released later in the session which should trigger volatility and ultimately indicate if the pair is to reverse lower from […]

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level GBP/USD is showing resilience as it holds above a major technical level despite several recent developments. Last week, several members of the Bank of England expressed their dovish views towards monetary policy and that easing might be needed to support the economy. Yesterday’s GDP report from […]

Canadian Dollar: USD/CAD (CAD=X) Bulls Suffering

Canadian Dollar: USD/CAD (CAD=X) Bulls Suffering

Canadian Dollar: USD/CAD (CAD=X) Bulls Suffering Canadian dollar bulls are taking it on the chin. The sharp reversal in oil prices from their recent peak and positive U.S. sentiment around the U.S./China Phase 1 trade deal as fueled widespread U.S. dollar demand against the G-10 major currencies and the Canadian dollar is collateral damage. Those […]

Shanghai: SSE Composite Index (.SSEC) Stock Markets Drop in Afternoon Amid Tech Firms’ Reversals

Shanghai: SSE Composite Index (.SSEC) Stock Markets Drop in Afternoon Amid Tech Firms’ Reversals

Shanghai: SSE Composite Index (.SSEC) Stock Markets Drop in Afternoon Amid Tech Firms’ Reversals China’s mainland stock markets closed lower as tech firms walked back their earlier gains. The Shanghai Composite Index closed 0.28 percent down at 3,106.82. The Shenzhen Component Index fell 0.47 percent to 10,988.77. The ChiNext Price Index, which tracks growth enterprises […]

UK FTSE 100 (.FTSE) climbs and pound falls ahead of US and China’s trade deal

UK FTSE 100 (.FTSE) climbs and pound falls ahead of US and China’s trade deal

UK FTSE 100 (.FTSE) climbs and pound falls ahead of US and China’s trade deal The FTSE 100 has risen, gaining a boost from the falling pound, ahead of a trade deal between the US and China set to be signed tomorrow. The UK blue-chip index rose 29 points, or 0.4%, to 7,646, as companies […]

DAX PERFORMANCE-INDEX (.GDAXI) Set To Underperform

DAX PERFORMANCE-INDEX (.GDAXI) Set To Underperform

DAX PERFORMANCE-INDEX (.GDAXI) Set To Underperform European stock markets are expected to open marginally lower Tuesday, as investors take a cautious view ahead of the start of the earnings season. Futures for the U.K.’s FTSE 100 index were trading 2 points, or 0.1%, lower by 02:20 ET (07:20 GMT), futures for France’s CAC 40 were […]

Bitcoin: USD/BTC (BTC=X) January Surge Rekindles Memories of Crypto Bubble

Bitcoin: USD/BTC (BTC=X) January Surge Rekindles Memories of Crypto Bubble

Bitcoin: USD/BTC (BTC=X) January Surge Rekindles Memories of Crypto Bubble Bitcoin is off to its best start to a year since 2012, gaining about 20% in two weeks amid a renewed enthusiasm that is reviving memories of the mania of a few years ago. The world’s largest virtual coin rallied after climbing out of the […]

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run The ASX 200 closed 0.9 per cent higher at 6,962 points — beating its previous record finish posted on Friday, with broad-based gains across most sectors. Mining stocks rallied into the close, including Rio Tinto (+1.9pc), Fortescue Metals (+1.9pc) and South32 […]

Hong Kong: HANG SENG INDEX (.HSI) stocks fall first time in four days

Hong Kong: HANG SENG INDEX (.HSI) stocks fall first time in four days

Hong Kong: HANG SENG INDEX (.HSI) stocks fall first time in four days The Hang Seng Index lost 0.2 per cent to 28,885.14 at the close, snapping a three-day, 3.1 per cent gain. Tencent Holdings (700 HK) and AAC Technologies Holdings (2018 HK) led the decline, while casino operators including Sands China (1928 HK) bucked the […]

Bitcoin: USD/BTC (BTC=X) prices enjoyed a notable bounce today

Bitcoin: USD/BTC (BTC=X) prices enjoyed a notable bounce today

Bitcoin: USD/BTC (BTC=X) prices enjoyed a notable bounce today Bitcoin prices enjoyed a notable bounce today, approaching $8,500 as they followed their recent bullish trend. The cryptocurrency rose to an intra-day high of $8,476.79 at roughly 8:45 p.m. EST, CoinDesk data shows. At this point, the digital asset had appreciated roughly 4.6% from its price […]

Ethereum: USD/ETH (ETH=) Virgil Griffith is Officially Charged, Awaiting Trial

Ethereum: USD/ETH (ETH=) Virgil Griffith is Officially Charged, Awaiting Trial

Ethereum: USD/ETH (ETH=) Virgil Griffith is Officially Charged, Awaiting Trial Virgil Griffith – the Ethereum research scientist who gave a seminar in North Korea despite lacking permission from the United States government – has been formally indicted and is awaiting trial. Griffith Is Set to Face Charges Griffith has been charged with assisting a nuclear […]

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks

United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. Brent crude <LCOc1> settled down 78 cents at $64.20 […]

Facebook, Inc. (NASDAQ:FB) Hits Record With Wall Street Looking Past Regulatory Risk

Facebook, Inc. (NASDAQ:FB) Hits Record With Wall Street Looking Past Regulatory Risk

Facebook, Inc. (NASDAQ:FB) Hits Record With Wall Street Looking Past Regulatory Risk Facebook Inc. shares hit an intraday record on Monday, eclipsing a level that was last reached in mid-2018 as growing optimism over its 2020 prospects were seen as overshadowing risk related to regulation. Wall Street has been growing more positive on the social-media […]

Twitter, Inc. (NYSE:TWTR) planning Bitcoin payments as tips on its platform

Twitter, Inc. (NYSE:TWTR) planning Bitcoin payments as tips on its platform

Twitter, Inc. (NYSE:TWTR) planning Bitcoin payments as tips on its platform Twitter is considering a feature that would allow users to tip one another – in Bitcoins though. The Information reports that the micro-blogging platform is working on implementing a new payment feature to let people send money to each other. It is not yet […]

Tesla, Inc. (NASDAQ:TSLA) stock hits $500 for the first time

Tesla, Inc. (NASDAQ:TSLA) stock hits $500 for the first time

Tesla, Inc. (NASDAQ:TSLA) stock hits $500 for the first time Tesla stock continued to rally on Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than […]

Alphabet Inc. (NASDAQ:GOOG) parent company Alphabet on verge of trillion-dollar valuation

Alphabet Inc. (NASDAQ:GOOG) parent company Alphabet on verge of trillion-dollar valuation

Alphabet Inc. (NASDAQ:GOOG) parent company Alphabet on verge of trillion-dollar valuation Google’s parent company Alphabet is on the verge of hitting a trillion-dollar stock market value for the first time, potentially becoming the fourth of the major US technology companies to reach the milestone.  Alphabet’s market value sat at around $990bn (£762bn) as of Monday […]

Dow Jones Industrial Average (.DJI) Finishes Up 83, Nasdaq Climbs 95

Dow Jones Industrial Average (.DJI) Finishes Up 83, Nasdaq Climbs 95

Dow Jones Industrial Average (.DJI) Finishes Up 83, Nasdaq Climbs 95 Technology companies led stocks to broad gains on Wall Street Monday, driving the S&P 500 and Nasdaq composite indexes to more record highs. Financial, communications services and industrial stocks also notched solid gains. Health care stocks were the only decliners. Bond prices fell, sending […]

NASDAQ Composite (.IXIC) , S&P 500 Climb To New Record Closing Highs

NASDAQ Composite (.IXIC) , S&P 500 Climb To New Record Closing Highs

NASDAQ Composite (.IXIC) , S&P 500 Climb To New Record Closing Highs Stocks moved mostly higher over the course of the trading day on Monday, rebounding following the pullback seen in the previous session. With the upward move on the day, the Nasdaq and the S&P 500 ended the session at new record closing highs. […]

Amazon.com, Inc. (NASDAQ:AMZN) Gains But Lags Market: What You Should Know

Amazon.com, Inc. (NASDAQ:AMZN) Gains But Lags Market: What You Should Know

Amazon.com, Inc. (NASDAQ:AMZN) Gains But Lags Market: What You Should Know In the latest trading session, Amazon (AMZN) closed at $1,891.30, marking a +0.43% move from the previous day. This change lagged the S&P 500’s 0.7% gain on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 1.04%. Coming into […]

Canadian Dollar: USD/CAD (CAD=X) Seeks Direction

Canadian Dollar: USD/CAD (CAD=X) Seeks Direction

Canadian Dollar: USD/CAD (CAD=X) Seeks Direction The Canadian dollar tried to rally last week but failed. Slightly dovish comments by Bank of Canada Governor Stephen Poloz combined with broad-based U.S. dollar demand against the major G-10 currencies and a sharp drop in West Texas Intermediate oil prices, fueled Canadian dollar selling. Canadian dollar bulls hoped […]

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures The British pound has broken down significantly during the trading session on Monday to kick off the week, slicing through the 1.30 level. However, we are starting to see signs of support just below that area, as we have bounced from there previously. The question now […]

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week?

Euro: USD/EUR (EUR=X) Will the Dollar Take the Spotlight Again this Week? The US dollar dominated the major currencies last week and the trade-weighted index (DXY) made a notable technical development. DXY had been trading in a range from the last week of December until the middle of last week but broke higher from the […]

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street The Australian sharemarket is set for an upbeat morning after Wall Street hit new highs overnight, buoyed by gains in US technology stocks and optimism that a US-China trade deal is on track to be signed this week. The SPI200 futures contract […]

Hong Kong: HANG SENG INDEX (.HSI) closes at eight-month high propelled by gains in Tencent, Alibaba

Hong Kong: HANG SENG INDEX (.HSI) closes at eight-month high propelled by gains in Tencent, Alibaba

Hong Kong: HANG SENG INDEX (.HSI) closes at eight-month high propelled by gains in Tencent, Alibaba The Hang Seng Index climbed 1.1 per cent to 28,954.94 to close at the highest level since May 8. Tencent Holdings (700 HK) topped HK$400 for the first time in 18 months and Alibaba Group Holding (9988 HK) rose to a […]

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00

Silver 1 OZ 999 NY (XAG=X) Retracts, Falls Below 18.00 Silver has started the week with slight losses, erasing most of the gains seen on Friday. Currently, silver is trading at $17.95, down $0.14 or 0.81% on the day. Silver Retracts, Falls Below 18.00 Last week’s dramatic events in the Middle East triggered sharp volatility in […]

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal. The U.S.-China Phase 1 agreement is […]

FTSE Bursa Malaysia KLCI (.KLSE) index set to recover this year

FTSE Bursa Malaysia KLCI (.KLSE) index set to recover this year

FTSE Bursa Malaysia KLCI (.KLSE) index set to recover this year Bursa Malaysia FBM KLCI index has high potential to recover this year backed by strong gross domestic product outlook and better corporate earnings. Kenanga Investors Bhd’s chief investment officer Lee Sook Yee said continuous reform and divestment of non-core investment in government-linked companies (GLCs) […]

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out

Australian Dollar: USD/AUD (AUD=X) trying to break out The Australian dollar has rallied a bit during the trading session on Monday, breaking above the 0.69 level before pulling back a bit. However, this is a market that is trying to break out, and if we can clear the top of the range for the trading […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance

Japanese Yen: USD/JPY (JPY=X) US Dollar Slamming Into Resistance The US dollar has rallied quite a bit during the trading session on Monday, reaching towards the ¥110 level. That’s an area that is significant resistance that the market has acknowledged for some time. If we were to break above there for a significant amount of […]

Ethereum: USD/ETH (ETH=) Set To Break Key Resistance At $150, Can Bulls Retake $200?

Ethereum: USD/ETH (ETH=) Set To Break Key Resistance At $150, Can Bulls Retake $200?

Ethereum: USD/ETH (ETH=) Set To Break Key Resistance At $150, Can Bulls Retake $200? The start of 2020 has been gracious to Ethereum bulls as the coin experiences gradual growth towards the psychological $150 USD level. Bitcoin’s spike in price over the course of 2019 – over 100% growth – did not inspire an “altseason” […]

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil Treasury Secretary Steven Mnuchin said he is working with China to cut off the minimal flow of Iranian oil exports to the country on “Sunday Morning Futures” with Maria Bartiromo. “We’ve cut off probably over 95% of the oil revenues, so there’s a […]

Tesla, Inc. (NASDAQ:TSLA) is now the most valuable US automaker ever

Tesla, Inc. (NASDAQ:TSLA) is now the most valuable US automaker ever

Tesla, Inc. (NASDAQ:TSLA) is now the most valuable US automaker ever Wall Street’s current love for Tesla has lifted its shares to a level never before achieved by a US automaker. Tesla shares, which are up more than 160% since hitting a 52-week low last June, now have a market value of $86.5 billion. That […]

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