Facebook, Inc. (NASDAQ:FB) valuation says the stock is an absolute steal

Facebook, Inc. (NASDAQ:FB) valuation says the stock is an absolute steal

Facebook, Inc. (NASDAQ:FB) valuation says the stock is an absolute steal Facebook has been hit with a perfect storm of operational issues. At its core, however, the company’s business is resilient and its long-term competitive advantage is unaffected. Through it all, Facebook remains extremely cash generative while at the same time remarkably undervalued. For a […]

Tesla, Inc. (NASDAQ:TSLA) Outlook Has Dramatically Improved

Tesla, Inc. (NASDAQ:TSLA) Outlook Has Dramatically Improved

Tesla, Inc. (NASDAQ:TSLA) Outlook Has Dramatically Improved Tesla (NASDAQ:TSLA) stock has not enjoyed a smooth ride in 2018. The electric vehicle giant’s stock retreated amid management turmoil, it missed production quotas, and its CEO, Elon Musk, exhibited unsettling behavior. After Tesla reported a profit for the third quarter and its production reached record levels during […]

Alphabet Inc. (NASDAQ:GOOG) plans to spend $1 billion to expand operations in New York City

Alphabet Inc. (NASDAQ:GOOG) plans to spend $1 billion to expand operations in New York City

Alphabet Inc. (NASDAQ:GOOG) plans to spend $1 billion to expand operations in New York City Alphabet (GOOGL)-unit Google plans to spend $1 billion to expand operations in New York City, a move expected to at least double its workforce there to around 15,000 over the next 10 years. Google stock edged down in early trading on […]

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Concerns around future oil demand amid […]

Dow Could Still See 30,000

Dow Could Still See 30,000

Wall Street fell again on Monday while other global stocks mostly fell as a wave of fake news and misleading commentary about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets […]

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes

Australian Dollar: USD/AUD (AUD=X) investors will be interested in how the Fed views future rate hikes The Australian and New Zealand Dollars finished lower last week on renewed concerns about China’s economy. For much of the week, investors were in consolidation mode as positive news emanated from the on-going trade talks between the United States […]

DAX PERFORMANCE-INDEX (.GDAXI) upside move could take a hit if EU CPI data misses expectations

DAX PERFORMANCE-INDEX (.GDAXI) upside move could take a hit if EU CPI data misses expectations

DAX PERFORMANCE-INDEX (.GDAXI) upside move could take a hit if EU CPI data misses expectations Germany equities were lower at the close on Friday, as losses in the Consumer & Cyclical, Technology and Industrials sectors propelled shares lower. At the close in Frankfurt, the DAX fell 0.54%, while the MDAX index declined 0.89%, and the […]

Australia: S&P/ASX 200 (.AXJO) shares continue slump

Australia: S&P/ASX 200 (.AXJO) shares continue slump

Australia: S&P/ASX 200 (.AXJO) shares continue slump Australian shares are set to edge down as markets continue a pre-Christmas slump. ASX futures were down 49 points to 5623 at 4.42am AEDT Shares on Wall Street sank further at the start of the final full trading week of 2018. The Dow Jones fell 300 points in […]

UK FTSE 100 (.FTSE) on track for its worst yearly drop since the financial crisis

UK FTSE 100 (.FTSE) on track for its worst yearly drop since the financial crisis

UK FTSE 100 (.FTSE) on track for its worst yearly drop since the financial crisis UK shares fell sharply on Monday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, adding to a pre-Christmas gloom and worries over Brexit. Opening losses […]

Shanghai: SSE Composite Index (.SSEC) down more than 20% this year

Shanghai: SSE Composite Index (.SSEC) down more than 20% this year

Shanghai: SSE Composite Index (.SSEC) down more than 20% this year Shares in China have outperformed their U.S. counterparts since Beijing and Washington agreed to hold fire in their trade battle, reversing a pattern that has held for most of this year. Calm has returned to China’s stock markets after a dismal and volatile year, […]

Singapore: STI Index (.STI) investors remain cautious

Singapore: STI Index (.STI) investors remain cautious

Singapore: STI Index (.STI) investors remain cautious Most Southeast Asian stock markets ended lower on Monday, as investors remained cautious after the region’s biggest trading partner China posted disappointing economic data on Friday, while dismal regional data added to woes. On the upside, the Singapore benchmark index bucked the weak trend to close 1.2% higher, […]

British Pound: USD/GBP (GBP=X) regaining ground after head and shoulders breakdown

British Pound: USD/GBP (GBP=X) regaining ground after head and shoulders breakdown

British Pound: USD/GBP (GBP=X) regaining ground after head and shoulders breakdown GBP/USD spent the end of last week falling after completing a head and shoulders formation. We are seeing the pair regain ground this morning, bringing about a possibility of a wider 76.4% retracement beyond the 61.8% retracement seen last week. However, there is also a […]

Hong Kong: HANG SENG INDEX (.HSI) stock market faces continued headwinds in 2019

Hong Kong: HANG SENG INDEX (.HSI) stock market faces continued headwinds in 2019

Hong Kong: HANG SENG INDEX (.HSI) stock market faces continued headwinds in 2019 Hong Kong stocks are closing out a rough year and the outlook for 2019 remains largely negative, according to analysts and investors. Headwinds from a weakening economy in China, the Beijing-Washington trade war, concerns about signs of emerging U.S. weakness and an expected slowdown […]

Silver 1 OZ 999 NY (XAG=X) weaker U.S. dollar index and higher crude oil prices

Silver 1 OZ 999 NY (XAG=X) weaker U.S. dollar index and higher crude oil prices

Silver 1 OZ 999 NY (XAG=X) weaker U.S. dollar index and higher crude oil prices Gold and silver futures prices are moderately higher in early U.S. trading Monday, supported in part by a weaker U.S. dollar index and higher crude oil prices. February gold futures were last up $2.20 an ounce at $1,243.70. March Comex silver was up $0.048 at $14.685 an […]

Gold 1 OZ (XAU=X) still in a four-week-old uptrend

Gold 1 OZ (XAU=X) still in a four-week-old uptrend

Gold 1 OZ (XAU=X) still in a four-week-old uptrend Technically, gold bulls still have the overall near-term technical advantage. Prices are still in a four-week-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the December high of […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets

Japanese Yen: USD/JPY (JPY=X) increased demand for risky assets The Dollar/Yen finished higher last with support coming from increased demand for risky assets and expectations of a Fed rate hike this week. The Forex pair did give up some of its gains late in the week as investors flocked into the safe-haven Japanese Yen. Last […]

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance EUR/USD has started strengthening after last week’s declines, with the price having rallied into trendline resistance. The break below the $1.1305 mark last week provides a bearish signal and allows greater confidence that this rally will fall short of the $1.1393 swing before breaking lower once again. Whether […]

NASDAQ Composite (.IXIC) Fed meeting starting on Tuesday

NASDAQ Composite (.IXIC) Fed meeting starting on Tuesday

NASDAQ Composite (.IXIC) Fed meeting starting on Tuesday The NASDAQ was being scrappy all week as the beleaguered tech space sporadically showed signs of life. But today it slipped 2.26% (or nearly 160 points) to 6910.67. The index declined about 0.8% this week. Weaker-than-expected economic data from China and Europe completely overshadowed positive retail data […]

Alphabet Inc. (NASDAQ:GOOG) rough year, which was rife with high-profile controversies

Alphabet Inc. (NASDAQ:GOOG) rough year, which was rife with high-profile controversies

Alphabet Inc. (NASDAQ:GOOG) rough year, which was rife with high-profile controversies During his three and a half hours in the Congressional hot seat earlier last week , Google CEO Sundar Pichai managed to play it cool. He was well-rehearsed and responded to questions evenly, with patience and without the provocativeness or peculiarities which were characteristic […]

Dow Jones Industrial Average (.DJI) investors are now worried about a slower than expected global growth

Dow Jones Industrial Average (.DJI) investors are now worried about a slower than expected global growth

Dow Jones Industrial Average (.DJI) investors are now worried about a slower than expected global growth The New York Stock Exchange gave way to pessimism on Friday after the publication of a salvo of disappointing figures for economic activity in China, also in Europe and the United States. The Dow Jones and the S & […]

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a second straight weekly draw. The decline – though lower than anticipated – helped to prop up the commodity, which was also supported by reports of Saudi Arabia preparing to cut shipments to refiners in […]

Facebook, Inc. (NASDAQ:FB) privacy controls have broken down yet again

Facebook, Inc. (NASDAQ:FB) privacy controls have broken down yet again

Facebook, Inc. (NASDAQ:FB) privacy controls have broken down yet again Facebook’s privacy controls have broken down yet again, this time through a software flaw affecting nearly 7 million users who had photos exposed to a much wider audience than intended. The bug disclosed Friday gave hundreds of apps unauthorized access to photos that could in […]

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120

Bitcoin: USD/BTC (BTC=X) forming a short term base near $3,120 This past week, bitcoin price remained in a slow and steady downtrend from the $3,640 high against the US Dollar. The BTC/USD pair traded lower and broke the $3,400 and $3,320 support levels. The decline gained pace and the price traded to a new yearly low at […]

Twitter, Inc. (NYSE:TWTR) chart points to more gains

Twitter, Inc. (NYSE:TWTR) chart points to more gains

Twitter, Inc. (NYSE:TWTR) chart points to more gains Twitter is popular on Wall Street this year. The social network stock has surged nearly 50 percent since the beginning of 2018, crushing competition from Facebook and Snap, and tracking for its best annual performance ever. Twitter formed a bearish head-and-shoulders pattern with a high in March, a higher high in […]

Tesla, Inc. (NASDAQ:TSLA) will cut prices in China by 25 per cent

Tesla, Inc. (NASDAQ:TSLA) will cut prices in China by 25 per cent

Tesla, Inc. (NASDAQ:TSLA) will cut prices in China by 25 per cent Nio, known as a Tesla challenger in mainland China, has stepped up a gear to consolidate its foothold in the mainland’s electric vehicle (EV) market, launching its second model targeting a broader customer base. William Li Bin, chairman and founder of the Shanghai-based […]

Asia Upbeat as Markets Open

Asia Upbeat as Markets Open

Asian markets mostly rose Monday as traders look ahead to a key meeting of the Federal Reserve, and a Chinese policy-setting conference this week. However, there is still caution on trading floors after Friday’s sharp sell-off fuelled by concerns over China’s economy, and despite a tweet from Donald Trump suggesting a trade deal could be […]

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown

Japanese Yen: USD/JPY (JPY=X) upside capped by fears of a global economic slowdown The Dollar/Yen closed lower on Friday as extreme weakness in the global equity markets encouraged investors to seek shelter in the safe-haven Japanese Yen. Sellers hit the equity markets hard early in the session following the release of weaker-than-expected retail sales and […]

Gold 1 OZ (XAU=X) U.S. dollar index solidly higher and hit a nearly two-year high

Gold 1 OZ (XAU=X) U.S. dollar index solidly higher and hit a nearly two-year high

Gold 1 OZ (XAU=X) U.S. dollar index solidly higher and hit a nearly two-year high The key outside markets are in a bearish posture for the precious metals early today, as the U.S. dollar index solidly higher and hit a nearly two-year high, on some safe-haven buying heading into the weekend. Meantime, Nymex crude oil prices are slightly down […]

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range The daily chart is showing what could be the beginnings of another move lower, but there is just to much current congestion on the chart. The open of the day was very near where the Tenken-Sen and Kijun-sen have been at, and they have not deviated much […]

Shanghai: SSE Composite Index (.SSEC) markets are preparing for the final round of central bank meetings for the year

Shanghai: SSE Composite Index (.SSEC) markets are preparing for the final round of central bank meetings for the year

Shanghai: SSE Composite Index (.SSEC) markets are preparing for the final round of central bank meetings for the year Australian shares are set to open lower after Wall Street plunged on the back of weak economic data from China and ongoing Brexit frustration. Markets are preparing for the final round of central bank meetings for […]

Singapore: STI Index (.STI) index falls on weak China data

Singapore: STI Index (.STI) index falls on weak China data

Singapore: STI Index (.STI) index falls on weak China data Most Southeast Asian stock markets closed lower on Friday after a set of weak data from the region’s biggest trade partner China signalled at concerns around global economic slowdown and apprehensions over Washington and Beijing’s trade negotiations. China’s November retail sales grew at the weakest […]

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite

Australian Dollar: USD/AUD (AUD=X) global trade war continues to weigh on risk appetite The Australian dollar sagged late in the week, as it fell to an 8-week low on Friday. Australia releases key employment indicators. In the U.S, the Fed is expected to raise rates, and we’ll get a look at U.S Final GDP for the third […]

British Pound: USD/GBP (GBP=X) Brexit saga remains on the minds of nervous investors

British Pound: USD/GBP (GBP=X) Brexit saga remains on the minds of nervous investors

British Pound: USD/GBP (GBP=X) Brexit saga remains on the minds of nervous investors GBP/USD suffered its worst week since October, falling over 1 percent. The Brexit saga remains on the minds of nervous investors. There are key numbers on both sides of the pond in the upcoming week. The U.K releases CPI and retail sales this week, […]

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week Dollar/CAD moved upwards last week, the fourth straight week that the pair has moved higher. Will the Canadian dollar continue to fall? The Canadian calendar is busy this week, with retail sales, CPI and GDP. Here are the highlights and an updated technical analysis for USD/CAD. The […]

Silver 1 OZ 999 NY (XAG=X) pressured by a strong U.S. dollar index

Silver 1 OZ 999 NY (XAG=X) pressured by a strong U.S. dollar index

Silver 1 OZ 999 NY (XAG=X) pressured by a strong U.S. dollar index Gold and silver futures prices are moderately lower in early U.S. trading Friday, pressured by a strong U.S. dollar index that pushed to a nearly two-year high overnight. February gold futures were last down $5.60 an ounce at $1,241.80. March Comex silver was down $0.185 at $14.67 an ounce. […]

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged

Australia: S&P/ASX 200 (.AXJO) set to open lower after Wall Street plunged Australian shares are set to open lower after Wall Street plunged on the back of weak economic data from China and ongoing Brexit frustration. Markets are preparing for the final round of central bank meetings for the year. ASX futures were down 14 […]

Hong Kong: HANG SENG INDEX (.HSI) rising diplomatic tensions between Beijing and Ottawa

Hong Kong: HANG SENG INDEX (.HSI) rising diplomatic tensions between Beijing and Ottawa

Hong Kong: HANG SENG INDEX (.HSI) rising diplomatic tensions between Beijing and Ottawa Stocks in Hong Kong and China fell in morning trading on Friday on the back of weak November economic data and rising diplomatic tensions between Beijing and Ottawa. The benchmark Hang Seng Index slipped 1.4 per cent, or 372.24 points, to 26,152.11 […]

5G is Changing the World

5G is Changing the World

The recent diplomatic dust-up over Chinese telecoms company Huawei, one of the leaders in developing equipment for fifth-generation mobile networks, has demonstrated that this technology which promises to enable an internet of things and self-driving vehicles also poses risks. What is 5G, what will it be able to do, and what are the risks? What […]

Trump Brings Apple Back to USA

Trump Brings Apple Back to USA

US President Donald Trump thanked Apple chief Tim Cook on Friday after the tech giant unveiled plans for a $1 billion campus in Texas that is expected to create thousands of jobs outside its Silicon Valley base. “Thank you to @tim_cook for agreeing to expand operations in the U.S. and thereby creating thousands of jobs!” […]

French Economy in Meltdown, EU will Suffer

French Economy in Meltdown, EU will Suffer

A survey of French businesses on Friday indicated a major dip in activity linked to the month-long “yellow vest” protests ahead of a decisive weekend for the grassroots opposition movement and President Emmanuel Macron. The survey of businesses by the IHS Market research group indicated that output had contracted in December, underlining the economic impact […]

Yellow Vests Spark Global Protests Against Excessive Taxes

Yellow Vests Spark Global Protests Against Excessive Taxes

The “yellow vest” revolt in France over the high cost of living has sparked copycat protests abroad — as well a swarm of fake reports. AFP’s fact-checking service sorts the real from the imagined: – Copycat protests – The month-long French demonstrations, which have led to repeated rioting in Paris, have inspired protesters in a […]

Trump Winning in China

Trump Winning in China

President Donald Trump on Friday predicted a major US-China trade deal in the near future, saying that Beijing’s negotiating position had been weakened by the impact of the tariffs war between the world’s top two economies. “China wants to make a big and very comprehensive deal. It could happen, and rather soon!” Trump tweeted. His […]

What’s Making the Markets Nervous

What’s Making the Markets Nervous

Wall Street led stock markets lower across the globe on Friday after data showed weakness in the Chinese and eurozone economies, despite further indications Beijing and Washington might be moving to end their trade war. Signs of easing tensions had helped propel equities higher earlier this week, with both China and the United States seeming […]

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the main actors was the largest oil refiner in the country, Marathon Petroleum. Marathon, along with others, ran […]

Facebook, Inc. (NASDAQ:FB) JPMorgan predicts a rebound

Facebook, Inc. (NASDAQ:FB) JPMorgan predicts a rebound

Facebook, Inc. (NASDAQ:FB) JPMorgan predicts a rebound Facebook Inc. shares are on track for their first down year in the company’s history, but analysts at JPMorgan are betting that 2019 will be a far better period for the stock. The firm named Facebook FB, +0.35%  its “best idea” among internet stocks for the coming year, citing a potential […]

Alibaba Group Holding Limited (NYSE:BABA) on the move

Alibaba Group Holding Limited (NYSE:BABA) on the move

Alibaba Group Holding Limited (NYSE:BABA) on the move The Benchmark Company rated the Alibaba Group Holding Limited (NYSE:BABA)’sstock as a Buy in a research note published on Monday, November 5th, 2018 and posted a $205 price target on the common stock of Alibaba Group Holding Limited (NYSE:BABA). Other Wall Street experts have also recently posted reports […]

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse

Bitcoin: USD/BTC (BTC=X) downtrend extends stronger and dips further below every day as the prices collapse Uptrend for Bitcoin seems like a distant memory, but the downtrend extends stronger and dips further below every day as the prices collapse. The downtrend currently extends from $5,518 to $3,440. The prices for Bitcoin are holding above the support […]

Tesla, Inc. (NASDAQ:TSLA) price target to $465

Tesla, Inc. (NASDAQ:TSLA) price target to $465

Tesla, Inc. (NASDAQ:TSLA) price target to $465 Shares of electric car maker Tesla could jump sharply in the next year as the company starts making money more consistently, according to an analyst at Baird. Analyst Ben Kallo reiterated his outperform rating on the stock and hiked his price target to $465 from $411. Kallo’s new 12-month price […]

Alphabet Inc. (NASDAQ:GOOG) next leg of growth will come from India

Alphabet Inc. (NASDAQ:GOOG) next leg of growth will come from India

Alphabet Inc. (NASDAQ:GOOG) next leg of growth will come from India When it comes to tech giants like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), there’s a lot of concern among stock investors about where their growth is going to come from. After all, if you look at GOOG specifically, the company already controls more than 90% of the global digital […]

Dow Jones Industrial Average (.DJI) lack of improvement in trade relations between the U.S. and China

Dow Jones Industrial Average (.DJI) lack of improvement in trade relations between the U.S. and China

Dow Jones Industrial Average (.DJI) lack of improvement in trade relations between the U.S. and China U.S. stock index futures dropped for a second day as a lack of improvement in trade relations between the U.S. and China gave investors little reason to buy after equities languished in New York Thursday. March futures slid as […]

Twitter, Inc. (NYSE:TWTR) charts have clearly strengthened since August

Twitter, Inc. (NYSE:TWTR) charts have clearly strengthened since August

Twitter, Inc. (NYSE:TWTR) charts have clearly strengthened since August In the daily chart of TWTR, below, we can see a number of price gaps — some of them in the uptrend from January to June and also a big downside gap in July. Gaps can be unnerving if one is wrongly positioned so let’s just […]

NASDAQ Composite (.IXIC) trade-fuelled rally loses steam

NASDAQ Composite (.IXIC) trade-fuelled rally loses steam

NASDAQ Composite (.IXIC) trade-fuelled rally loses steam U.S. stocks edged lower in volatile trading on Thursday, as a rally sparked by progress in U.S.-China trade talks faded, with investors preferring defensive sectors such as real estate and utilities. Wall Street opened higher after a Chinese commerce ministry spokesman said Washington and Beijing were in close […]

North Korea Making Progress

North Korea Making Progress

South Korea is in close consultations with the United States and the United Nations to get sanctions exemptions ahead of a planned groundbreaking ceremony in North Korea for a joint project on connecting roads and railways over their border, the unification ministry said Friday. On Thursday, the two Koreas agreed to hold an event in […]

Canada has Damaged their Relationship with China

Canada has Damaged their Relationship with China

The arrest of a top Chinese tech executive at the request of the US has snared Canada in the middle of a major international dispute involving Beijing and Washington. Ottawa confirmed on Thursday that China had detained two Canadian nationals under what Beijing has said is suspicion of threatening its national security. That came nearly […]

Confidence in Japan Stops Falling

Confidence in Japan Stops Falling

Confidence among Japan’s biggest manufacturers was unchanged this quarter after slipping for three consecutive surveys, central bank data showed on Friday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in its December survey. The reading was unchanged from the previous […]

Socialism Puts Europe Back in Crisis

Socialism Puts Europe Back in Crisis

Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing […]

Shanghai: SSE Composite Index (.SSEC) investors bet next week’s economic policy meeting will signal further easing

Shanghai: SSE Composite Index (.SSEC) investors bet next week’s economic policy meeting will signal further easing

Shanghai: SSE Composite Index (.SSEC) investors bet next week’s economic policy meeting will signal further easing Chinese stocks jumped as investors bet next week’s economic policy meeting will signal further easing, spurring gains in property developers to infrastructure companies. Bonds tumbled the most in almost five months. The Shanghai Composite Index advanced 1.2 percent at […]

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place Technically, the gold bulls still have the overall near-term technical advantage. A four-week-old price uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in February futures above solid technical resistance at the […]

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum

Japanese Yen: USD/JPY (JPY=X) maintains upward momentum The bounce off the 100-day simple moving average (SMA) is intact, and with a positive crossover looming on the daily moving average convergence divergence (MACD) the bulls could see further upside from here for USD/JPY. Trendline resistance comes in around ¥113.89, with a break higher from here ending the […]

Hong Kong: HANG SENG INDEX (.HSI) two-day rally has helped erase losses

Hong Kong: HANG SENG INDEX (.HSI) two-day rally has helped erase losses

Hong Kong: HANG SENG INDEX (.HSI) two-day rally has helped erase losses Today’s rally across Asian stock markets has put the regional benchmark index in the green for the week. Barely. The MSCI Asia Pacific Index climbed 0.6 percent as of 4:52 p.m in Hong Kong on Wednesday. Its two-day rally has helped erase losses […]

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies On the side of USD-strength, USD/CAD remains of interest. Prices are holding above a bullish trend-line that got started in early-October. A group of lower-highs thus far in December may be preluding a deeper pullback, but provided that prices remain above 1.3250, the door […]

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates

Australia: S&P/ASX 200 (.AXJO) caught in a vortext as US companies are lowering earnings estimates Australian shares closed higher for a third session in a row on Thursday, buoyed by gains from the major banks and miners. The S&P/ASX 200 Index rose 8.1 points, or 0.1 per cent, to 5661.6 while the broader All Ordinaries […]

DAX PERFORMANCE-INDEX (.GDAXI) rebound unlikely to last

DAX PERFORMANCE-INDEX (.GDAXI) rebound unlikely to last

DAX PERFORMANCE-INDEX (.GDAXI) rebound unlikely to last The DAX is similarly climbing higher within a downtrend, with the price having hit the trendline resistance. There is a very good chance we will see the market turn lower before long, in a bid to carry on the downtrend. As such, while we could see further short-term upside, a […]

UK FTSE 100 (.FTSE) regains ground, yet further downside looks likely

UK FTSE 100 (.FTSE) regains ground, yet further downside looks likely

UK FTSE 100 (.FTSE) regains ground, yet further downside looks likely The FTSE 100 is continuing its ascent, in a week that has seen the index enjoy a relatively calm trend despite all the political upheaval. We look likely to continue pushing upwards, but the likeliness is that this is a retracement of the sell-off from the […]

British Pound: USD/GBP (GBP=X) $1.27 may be another selling opportunity

British Pound: USD/GBP (GBP=X) $1.27 may be another selling opportunity

British Pound: USD/GBP (GBP=X) $1.27 may be another selling opportunity Last night’s win by UK Prime Minister Theresa May was already priced in, GBP/USD having moved smartly off the lows during the day. But having broken sharply lower earlier in the week the pair has now created a lower low and a lower high. Any rally that […]

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise

Australian Dollar: USD/AUD (AUD=X) still under pressure but a break of 0.7130 would come as a surprise AUD traded within a relatively narrow range between 0.7185 and 0.7225 yesterday and registered an ‘inside day’. The price action offers no fresh clue and we continue to hold the view the recent sharp decline in AUD is […]

Silver 1 OZ 999 NY (XAG=X) corrective pullback

Silver 1 OZ 999 NY (XAG=X) corrective pullback

Silver 1 OZ 999 NY (XAG=X) corrective pullback Gold prices are modestly lower in early-afternoon U.S. trading Thursday. Silver prices are near steady after hitting a five-week high overnight. Both metals are saw normal corrective pullbacks and some chart consolidation from recent gains. February gold futures were last down $2.60 an ounce at $1,247.40. March Comex silver was down $0.001 […]

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance Rallies for EUR/USD continue to be capped by trendline resistance from the October highs, with yesterday’s bounce faltering below this level. However, the pair is challenging this level this morning, so this is one to watch. Above $1.14 we may see a rapid break higher towards $1.1554. Meanwhile the sellers will […]

Singapore: STI Index (.STI) hopes of easing Sino-U.S. trade tensions

Singapore: STI Index (.STI) hopes of easing Sino-U.S. trade tensions

Singapore: STI Index (.STI) hopes of easing Sino-U.S. trade tensions Most Southeast Asian stock markets ended higher on Thursday on hopes of easing Sino-U.S. trade tensions in light of recent positive steps taken by both the countries, but the Thai index was pulled lower by weakness in energy-linked shares. The sentiment across broader Asia seemed […]

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined Oil prices gave up earlier gains Wednesday to finish a bit lower, after U.S. government data showed domestic crude supplies declined for a second week in a row, but by much less than the market expected. The Energy Information Administration reported early Wednesday […]

Ybcc Inc (YBAO:PK) Valuation Still Incredibly Cheap

Ybcc Inc (YBAO:PK) Valuation Still Incredibly Cheap

Ybcc Inc (YBAO:PK) Valuation Still Incredibly Cheap Overall, the bias in prices is: Downwards Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.44. The projected lower bound is: 0.07. The projected closing price is: 0.25. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in […]

Hemp Inc. (HEMP.PK) Farm Bill Could Drive $20 Billion Hemp Industry

Hemp Inc. (HEMP.PK) Farm Bill Could Drive $20 Billion Hemp Industry

Hemp Inc. (HEMP.PK) Farm Bill Could Drive $20 Billion Hemp Industry Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the largest multipurpose industrial hemp processing facility in the western hemisphere (in Spring Hope, North Carolina), announced today that, in anticipation of the Farm Bill, hemp legalization […]

NASDAQ Composite (.IXIC) China planning to increase access for foreign firms

NASDAQ Composite (.IXIC) China planning to increase access for foreign firms

NASDAQ Composite (.IXIC) China planning to increase access for foreign firms U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fueled by President Donald Trump’s upbeat comments on trade. Beijing is working to replace its Made in China […]

Twitter, Inc. (NYSE:TWTR) surging at a time when many other momentum stocks are languishing

Twitter, Inc. (NYSE:TWTR) surging at a time when many other momentum stocks are languishing

Twitter, Inc. (NYSE:TWTR) surging at a time when many other momentum stocks are languishing Twitter Inc. is surging at a time when many other momentum stocks are languishing. A 6 percent gain in shares of the social-media company on Wednesday pushed this month’s gains to 17 percent. That’s the best performance in the S&P 500 […]

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan Facebook investors had a rollercoaster year with the company’s share price. Since January, Facebook’s share price slid 21.68 percent after a series of public scandals followed by selloffs. It’s clear that Facebook isn’t the apple of investor’s eyes like it once was, but the question […]

Dow Jones Industrial Average (.DJI) US-China trade optimism

Dow Jones Industrial Average (.DJI) US-China trade optimism

Dow Jones Industrial Average (.DJI) US-China trade optimism Stocks rose Wednesday as signs of thawing trade tensions helped lift the mood on Wall Street following a bruising few weeks for global markets. The Dow Jones Industrial Average gained 0.65%, paring sharp gains that had earlier lifted the index as much as 400 points. The Nasdaq […]

Tesla, Inc. (NASDAQ:TSLA) set to move past its drama phase?

Tesla, Inc. (NASDAQ:TSLA) set to move past its drama phase?

Tesla, Inc. (NASDAQ:TSLA) set to move past its drama phase? At times—like, say, this week—that seems hard to believe. After a news-filled appearance on 60 Minutes, for example, Elon Musk said portions of the interview were uncharitably edited. Other portions were, at the least, eyebrow raising. The television interview followed another in which he said […]

Tianci International, Inc. (CIIT.PK) Heffx Update

Tianci International, Inc. (CIIT.PK) Heffx Update

Tianci International, Inc. (CIIT.PK) Heffx Update Overall, the bias in prices is: Sideways Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.85. The projected lower bound is: 0.19. The projected closing price is: 0.52. Candlesticks During the past 10 bars, there have been 2 white candles and 0 […]

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai Gets a Thumbs Up

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai Gets a Thumbs Up

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai Gets a Thumbs Up At least one Wall Street analyst came away impressed from Google Chief Executive Sundar Pichai’s grilling on the Hill. Evercore ISI analyst Anthony DiClemente, in a Tuesday note titled “Sundar Also Rises,” maintained an Outperform recommendation on shares of Alphabet (ticker: GOOGL), Google’s parent company, […]

Alibaba Group Holding Limited (NYSE:BABA) lowered its full-year estimates due to current macroeconomic conditions

Alibaba Group Holding Limited (NYSE:BABA) lowered its full-year estimates due to current macroeconomic conditions

Alibaba Group Holding Limited (NYSE:BABA) lowered its full-year estimates due to current macroeconomic conditions Alibaba‘s (NYSE:BABA) annual Singles Day sales extravaganza on Nov. 11 saw a slowdown in growth despite hitting a record $30.8 billion in gross merchandise volume (GMV). Sales for the event grew 27% year-over-year in yuan terms, considerably less than the 39% growth it saw in the […]

Hong Kong Economic Outlook Positive

Hong Kong Economic Outlook Positive

The Hong Kong Trade Development Council (HKTDC) today published its annual export forecast, saying it expects Hong Kong exports to increase 5% in value and 3% in volume in 2019. Meanwhile, the latest HKTDC Export Index for the fourth quarter of 2018, also published today, edged down slightly on the previous quarter, showing that exporters […]

MBH Corporation PLC (M8H.DU) Target 3.60

MBH Corporation PLC (M8H.DU) Target 3.60

MBH Corporation PLC (M8H.DU) Target 3.60 Overall, the bias in prices is: Upwards The projected upper bound is: 1.38. The projected lower bound is: 1.36. The projected closing price is: 1.37. Candlesticks During the past 10 bars, there have been 2 white candles and 0 black candles for a net of 2 white candles. During […]

Bitcoin: USD/BTC (BTC=X) preparing for a breakout?

Bitcoin: USD/BTC (BTC=X) preparing for a breakout?

Bitcoin: USD/BTC (BTC=X) preparing for a breakout? The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at […]

Archer Entertainment Media Communications, Inc. (AEMC.PK) Update

Archer Entertainment Media Communications, Inc. (AEMC.PK) Update

Archer Entertainment Media Communications, Inc. (AEMC.PK) Overall, the bias in prices is: Downwards Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.06. The projected upper bound is: 0.10. The projected lower bound is: -0.05. The projected closing price is: 0.02. Candlesticks A white […]

Buzz Technologies, Inc: (BZTG.PK) Heffx Update

Buzz Technologies, Inc: (BZTG.PK) Heffx Update

Buzz Technologies, Inc: (BZTG.PK) Heffx Update Overall, the bias in prices is: Upwards Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.01. The projected lower bound is: 0.00. Candlesticks A white body occurred (because prices closed higher […]

Capitalism Makes Brazil an Attractive Investment Destination

Capitalism Makes Brazil an Attractive Investment Destination

Brazil’s central bank on Wednesday left its key interest rate at 6.5 percent, in its board’s last meeting before far-right president-elect Jair Bolsonaro takes office on January 1. The rate has been kept at that level since March, after several preceding cuts. Market analysts had expected it to remain untouched. The bank said in a […]

Asian Markets Rally as Trade Deal Looks Set

Asian Markets Rally as Trade Deal Looks Set

Asian markets enjoyed more gains Thursday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors this week […]

Another Reason Europe Will Struggle in 2019

Another Reason Europe Will Struggle in 2019

Apart from excessive taxation, senseless levels of immigration and an undercurrent of Socialism, Europeans have more reasons to be concerned. A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing […]

Singapore: STI Index (.STI) Investors betting on hopes that U.S.-China tensions will ease

Singapore: STI Index (.STI) Investors betting on hopes that U.S.-China tensions will ease

Singapore: STI Index (.STI) Investors betting on hopes that U.S.-China tensions will ease Singapore and Malaysia shares snapped a six-session losing streak Wednesday as banking stocks climbed on the back of broad Asian equities rally as investors bet that U.S.-China tensions will ease. The Straits Times Index closed up 1.3% at 3099.99 and the FBM […]

Shanghai: SSE Composite Index (.SSEC) various news reports point to a possible easing of tensions

Shanghai: SSE Composite Index (.SSEC) various news reports point to a possible easing of tensions

Shanghai: SSE Composite Index (.SSEC) various news reports point to a possible easing of tensions Asia stocks closed in positive territory on Wednesday after various news reports pointed to an easing in tensions between the U.S. and China. Reports emerged in the U.S. overnight that China was moving to cut import tariffs on cars made […]

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently World stock markets were mostly higher overnight as global traders and investors chose to focus on improving prospects for a U.S.-China trade deal, instead of the uncertainty of leadership of the United Kingdom. U.S. stock indexes are pointed toward higher openings when the New York day session […]

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance EUR/USD managed to fall sharply yesterday, amid a burgeoning fiscal crisis in France. Interestingly, we saw the price respect the descending trendline that seemed to be negated on Friday. This has taken us into trendline and horizontal support, with the price currently consolidating marginally above the notable $1.1305 […]

Hong Kong: HANG SENG INDEX (.HSI) market participants forecast a slower pace of interest rate hikes in the U.S

Hong Kong: HANG SENG INDEX (.HSI) market participants forecast a slower pace of interest rate hikes in the U.S

Hong Kong: HANG SENG INDEX (.HSI) market participants forecast a slower pace of interest rate hikes in the U.S Hong Kong stocks rose on Wednesday as market participants forecast a slower pace of interest rate hikes in the U.S. and possible policy stimulus in China. At the close of trade, the Hang Seng index was […]

UK FTSE 100 (.FTSE) Conservative MPs will cast their votes on whether to save Prime Minister Theresa May

UK FTSE 100 (.FTSE) Conservative MPs will cast their votes on whether to save Prime Minister Theresa May

Update: UK Prime Minister May Wins Confidence Vote UK FTSE 100 (.FTSE) Conservative MPs will cast their votes on whether to save Prime Minister Theresa May Between 6pm and 8pm this evening, Conservative MPs will cast their votes on whether to save Prime Minister Theresa May in today’s no confidence vote. The FTSE 100 stock […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to open higher Everything that happened overnight appeared perfectly explicable. One wonders though if the swings in trading activity are being overly attributed to headlines The pattern continues: Wall Street indices have been swinging about madly again. The pattern continues: an open, a rally or fall, then a retracement or […]

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance USD/CAD has started to slow down from its recent rebound, with the key $1.3445 level still yet to be surpassed. The inability to break that level points towards a potential bearish shift for the pair given the recent breakdown below $1.3182. Watch out for the ability or inability […]

British Pound: USD/GBP (GBP=X) rebound unlikely to last

British Pound: USD/GBP (GBP=X) rebound unlikely to last

British Pound: USD/GBP (GBP=X) rebound unlikely to last Overall, the bias in prices is: Downwards By the way, prices are vulnerable to a correction towards 1.29. The projected upper bound is: 1.29. The projected lower bound is: 1.24. The projected closing price is: 1.26. Candlesticks A big white candle occurred. This is generally considered bullish, […]

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei

Australian Dollar: USD/AUD (AUD=X) higher on Wednesday in response to Trump’s comments on Huawei Huawei CFO has been granted bail by Justice William Ehrcke on Tuesday. Meng Wanzhou will be subject to monitoring, a curfew and other strict conditions to adhere to bail conditions. President Donald Trump said he would intervene in the Huawei case […]

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