Bitcoin: USD/BTC (BTC=X) bearish volume divergence indicates prices could fall back to the July 17 low of $9,049

Bitcoin: USD/BTC (BTC=X) bearish volume divergence indicates prices could fall back to the July 17 low of $9,049

Bitcoin: USD/BTC (BTC=X) bearish volume divergence indicates prices could fall back to the July 17 low of $9,049 Bitcoin (BTC) fell below key support above $10,000 earlier today and could suffer a deeper drop, according to price and volume analysis. The top cryptocurrency by market value violated a trendline representing the recent four-month bull run […]

DAX PERFORMANCE-INDEX (.GDAXI) rallies into trendline and Fibonacci confluence

DAX PERFORMANCE-INDEX (.GDAXI) rallies into trendline and Fibonacci confluence

DAX PERFORMANCE-INDEX (.GDAXI) rallies into trendline and Fibonacci confluence The DAX has been on the rise this week, with the index rallying into a confluence of resistance that encompasses the 76.4% retracement and ascending trendline. The recent trend of lower highs and lows points towards the possibility of a bearish move from here, yet EUR declines could […]

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector

Australia: S&P/ASX 200 (.AXJO) gains led by energy sector The Australian share market has finished broadly higher with all sectors posting gains. The benchmark S&P/ASX200 index was up 33.4 points, or 0.5 per cent, to 6,724.6 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 31.3 points, or 0.46 per cent, […]

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line Last week, gold broke out of a multi-week consolidation wedge and looked poised to continue a bit higher following the breakout, but right now we are seeing the initial leg higher wiped away and price working back towards falling inside the wedge. The top-side trend-line of the […]

FTSE Bursa Malaysia KLCI (.KLSE) ends morning session on positive note

FTSE Bursa Malaysia KLCI (.KLSE) ends morning session on positive note

FTSE Bursa Malaysia KLCI (.KLSE) ends morning session on positive note Bursa Malaysia ended the morning session on a positive note and on expectations of an interest rates cut by the European Central Bank (ECB) and the US Federal Reserve. The US Federal Open Market Committee has scheduled a two-day meeting on July 30-31, while […]

Canadian Dollar: USD/CAD (CAD=X) Extends Bearish Turn

Canadian Dollar: USD/CAD (CAD=X) Extends Bearish Turn

Canadian Dollar: USD/CAD (CAD=X) Extends Bearish Turn The Canadian Dollar has extended its bearish reversal with USDCAD hitting the top of its recent consolidation range. Clean break of 1.3160 leaves room for a test of 1.32. Wider yield spreads between the US and Canada has been among the factors behind the bid in USDCAD with US/CA 10yr […]

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line

Silver 1 OZ 999 NY (XAG=X) stalling at underside of 2003 trend-line Silver has been outperforming gold recently and this could continue to be the case as reversion to the mean unfolds in the gold/silver ratio. Looking at silver by itself, it is holding strong right now, however; it has a sizable trend-line running up […]

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August

New Zealand Dollar: NZD/USD (NZD=X) RBNZ on course for an interest rate cut in August The idea that the RBNZ could be moving towards QE has weighed on the bird in Asia today, as markets are looking for clues as to which of the central bank will be the first to the bottom. So far, […]

Japanese Yen: USD/JPY (JPY=X) currently in the middle of a consolidation

Japanese Yen: USD/JPY (JPY=X) currently in the middle of a consolidation

Japanese Yen: USD/JPY (JPY=X) currently in the middle of a consolidation The US dollar rallied significantly during the trading session on Tuesday, breaking above the top of the shooting star for the Monday session. By doing so, we cleared the ¥108 level as well, which of course is a round figure that should attract a lot […]

Shanghai: SSE Composite Index (.SSEC) new Nasdaq-style tech board, the “STAR Market,” mostly declined after seeing strong gains

Shanghai: SSE Composite Index (.SSEC) new Nasdaq-style tech board, the “STAR Market,” mostly declined after seeing strong gains

Shanghai: SSE Composite Index (.SSEC) new Nasdaq-style tech board, the “STAR Market,” mostly declined after seeing strong gains Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days. Mainland Chinese stocks were higher on the day, with the Shenzhen composite 0.877% higher to 1,545.87 and the […]

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now Boris Johnson has been confirmed as the new leader of the Conservative Party, and will inherit the position of Prime Minister on Wednesday as a result. The confirmation that Johnson has won the leadership coincides with a tick […]

Jack Daniel’s And The Shoe Surgeon Team Up To Create Newest Jack-Inspired Sneaker

Jack Daniel’s And The Shoe Surgeon Team Up To Create Newest Jack-Inspired Sneaker

Seven prototypes unveiled at the 2019 ComplexCon in Chicago Jack Daniel’s and custom sneaker designer Dominic “The Shoe Surgeon” Chambrone continue to shakeup the sneaker and fashion worlds, with the unveiling of seven new Jack Daniel’s inspired sneaker prototypes at ComplexCon weekend in Chicago. The announcement comes off of the heels of the massive success from the February 2018 collaboration […]

Pipeliner CRM and Act-On Software Announce Partnership and Native Integration

Pipeliner CRM and Act-On Software Announce Partnership and Native Integration

Pipeliner, the leading CRM provider known for its dynamic and visual platform today announced a new partnership and native integration with Act-On Software, the leading Adaptive Marketing provider that drives personalized and purposeful multi-channel marketing. The native integration between Pipeliner CRM and Act-On’s marketing automation platform enables businesses to align sales and marketing, ensure better lead […]

BREXIT is Back: Boris Johnson is the New PM

BREXIT is Back: Boris Johnson is the New PM

Boris Johnson has been selected as the new leader of the British Conservative Party and thus, the new prime minister of the UK. He will officially succeed outgoing PM Theresa May on Wednesday. Johnson won with 66.4 percent of the vote (92,153) to Hunt’s 33.6 percent (46,656). 139,318 votes were cast by Tory members with […]

European Banks Prepare for Socialist Powered Crisis

European Banks Prepare for Socialist Powered Crisis

Eurozone banks are tightening the criteria firms and households must meet to be granted loans, the European Central Bank said Tuesday, as policymakers weigh their response to stuttering growth brought about by years of Socialist policy. Lenders upped their requirements of business borrowers and households seeking consumer credit between April and June, the quarterly poll […]

Bitcoin: USD/BTC (BTC=X) bounces off its 50-day moving average

Bitcoin: USD/BTC (BTC=X) bounces off its 50-day moving average

Bitcoin: USD/BTC (BTC=X) bounces off its 50-day moving average Bitcoin (BTC) ended its longest losing streak in seven months over the weekend, but the outlook still remains bearish. The top cryptocurrency by market capitalization eked out 10.83 percent gains in the three days to July 20, confirming a green candle on the three-day chart. The […]

Can Alphabet Inc. (NASDAQ:GOOG) steal Amazon’s lunch?

Can Alphabet Inc. (NASDAQ:GOOG) steal Amazon’s lunch?

Can Alphabet Inc. (NASDAQ:GOOG) steal Amazon’s lunch? Following the feeding frenzy of Amazon Prime Day, Google has debuted its new shopping platform to lure customers with personalized recommendations. The tool is now live in the US, and will welcome you by name and show tailored suggestions if you’re logged in with your Google account. Google has previously insisted that […]

Netflix, Inc. (NASDAQ:NFLX) Huge New Content Spending Not Adding Enough Subscribers

Netflix, Inc. (NASDAQ:NFLX) Huge New Content Spending Not Adding Enough Subscribers

Netflix, Inc. (NASDAQ:NFLX) Huge New Content Spending Not Adding Enough Subscribers Netflix spent $13 billion on content last year, with 85% of new spending earmarked for originals. For that much money, they should be more than just “on track” to have originals be the majority of viewing in every category. The company acknowledged in the most […]

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains In the latest trading session, Alibaba (BABA) closed at $174, marking a +0.58% move from the previous day. This change outpaced the S&P 500’s 0.28% gain on the day. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq added 0.71%. Prior to today’s trading, shares of […]

There’s ‘low risk’ of Apple Inc. (NASDAQ:AAPL) disappointing with its September forecast

There’s ‘low risk’ of Apple Inc. (NASDAQ:AAPL) disappointing with its September forecast

There’s ‘low risk’ of Apple Inc. (NASDAQ:AAPL) disappointing with its September forecast Apple Inc. shares are rising in Monday trading after an analyst at Morgan Stanley praised the “attractive” setup heading into the company’s earnings report next Tuesday. Morgan Stanley’s Katy Huberty raised her price target on Apple’s stock AAPL, +2.29% to $247 from $231, […]

United States Oil (USO) investors worried about possible supply disruptions in the energy-rich Middle East

United States Oil (USO) investors worried about possible supply disruptions in the energy-rich Middle East

United States Oil (USO) investors worried about possible supply disruptions in the energy-rich Middle East Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week. Brent crude futures climbed 66 cents a barrel, or 1.02% to $63.11 […]

Microsoft Corporation (NASDAQ:MSFT) making a huge bet on artificial intelligence

Microsoft Corporation (NASDAQ:MSFT) making a huge bet on artificial intelligence

Microsoft Corporation (NASDAQ:MSFT) making a huge bet on artificial intelligence Microsoft Corp. MSFT, +1.32% is making a huge bet on artificial intelligence by sinking $1 billion into AI startup OpenAI, the companies announced Monday. Under a partnership, OpenAI will run all of its services on Microsoft’s Azure cloud platform and use Microsoft as its preferred […]

Dow Jones Industrial Average (.DJI) Lags S&P 500, Nasdaq

Dow Jones Industrial Average (.DJI) Lags S&P 500, Nasdaq

Dow Jones Industrial Average (.DJI) Lags S&P 500, Nasdaq All of Wall Street’s major indexes reported gains Monday afternoon, mirroring a positive pre-market for Dow futures. The broad S&P 500 Index of large-cap stocks rose 0.3% to 2,985.80, with technology shares leading the way. A strong performance in the technology sector propelled the Nasdaq Composite Index sharply higher. The […]

Tesla, Inc. (NASDAQ:TSLA) full-year deliveries guidance is worth monitoring

Tesla, Inc. (NASDAQ:TSLA)  full-year deliveries guidance is worth monitoring

Tesla, Inc. (NASDAQ:TSLA) full-year deliveries guidance is worth monitoring Though the last three months have been quite volatile for Tesla’s shares, Elon Musk’s company is heading into its Q2 report trading almost right where it was at heading into its Q1 report. It wouldn’t exactly be shocking to see more volatility from Tesla following its […]

The Boeing Company (NYSE:BA) slid after ratings agencies issued a negative outlook

The Boeing Company (NYSE:BA) slid after ratings agencies issued a negative outlook

The Boeing Company (NYSE:BA) slid after ratings agencies issued a negative outlook Boeing shares slid Monday after ratings agencies issued a negative outlooks for the maker of the 737 Max, as the fallout from two fatal crashes of the planes continue to pile up on the manufacturer. Fitch Ratings and Moody’s Investors Service upheld Boeing’s credit […]

NASDAQ Composite (.IXIC) rise amid hopes for strong earnings

NASDAQ Composite (.IXIC) rise amid hopes for strong earnings

NASDAQ Composite (.IXIC) rise amid hopes for strong earnings US stocks gained on Monday as Wall Street is anticipating more strong earnings reports. The Dow Jones Industrial Average was up 17.70 points, or 0.07 per cent, to 27,171.90. The S&P 500 rose 8.42 points, or 0.28 per cent, to 2,985.03. The Nasdaq Composite Index increased […]

Deutsche Bank raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $2,515 from $2,315

Deutsche Bank raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $2,515 from $2,315

Deutsche Bank raised its price target on Amazon.com, Inc. (NASDAQ:AMZN) to $2,515 from $2,315 Deutsche Bank said Amazon was in a “sweet spot” of “slightly” accelerating revenue from “continued efficiency improvements.” “Given our view that Amazon is running in a sweet spot of revenue acceleration and still slight margin expansion and multiple expansion on the software side, […]

Facebook, Inc. (NASDAQ:FB) Earnings Preview

Facebook, Inc. (NASDAQ:FB) Earnings Preview

Facebook, Inc. (NASDAQ:FB) Earnings Preview Shares of Facebook FB popped 2% Monday in a sign that investors might expect strong second-quarter 2019 financial results from the social media firm. Facebook stock is now up over 54% in 2019 and its plan to enter the cryptocurrency space has seemingly been well by received by traders. Despite […]

IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years

IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years

IBM (NYSE: IBM) Security today announced the results of its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12% over the past 5 years1 and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial […]

Spook yourself with these tales of hauntings and paranormal activity around Louisiana

Spook yourself with these tales of hauntings and paranormal activity around Louisiana

Unexplained noises, shadowy figures, objects moved or displaced—these are a small sampling of the ghost stories emanating from the historic homes, buildings and cemeteries across Louisiana. Nearly every old house claims at least one ghostly presence, and others can’t even keep track of the number of hauntings occurring there. Below is a roundup of some of the most intriguing ghost […]

FTSE Bursa Malaysia KLCI (.KLSE) slips on Fed rate cut anxieties

FTSE Bursa Malaysia KLCI (.KLSE) slips on Fed rate cut anxieties

FTSE Bursa Malaysia KLCI (.KLSE) slips on Fed rate cut anxieties The FBM KLCI started the week on a negative note as global equities stumbled on expectations of a lower policy rate cut by the US Federal Reserve. Equities had received a boost last Friday as New York Fed president John Williams made comments taken […]

Bitcoin: USD/BTC (BTC=X) could experience more pain with a possible drop below the $10,000 level

Bitcoin: USD/BTC (BTC=X) could experience more pain with a possible drop below the $10,000 level

Bitcoin: USD/BTC (BTC=X) could experience more pain with a possible drop below the $10,000 level Bitcoin’s 10 percent price surge on July 18 has put an end to its longest losing streak in 2019. However, the bulls have to remain cautiously optimistic given that it is highly likely that they will once again face the four-digit reality. A painful […]

DAX PERFORMANCE-INDEX (.GDAXI) begins to show bullish momentum

DAX PERFORMANCE-INDEX (.GDAXI) begins to show bullish momentum

DAX PERFORMANCE-INDEX (.GDAXI) begins to show bullish momentum While July has seen the DAX lose ground, it has rallied off the 50-day simple moving average (SMA) at 12,211. A continued bounce would head towards last week’s peak at 12,454, and then to 12,650. A move through 12,350 would be a good first step. A drop below 12,165 […]

UK FTSE 100 (.FTSE) focus turns to central bank meetings and the outcome of the Conservative leadership election

UK FTSE 100 (.FTSE) focus turns to central bank meetings and the outcome of the Conservative leadership election

UK FTSE 100 (.FTSE) focus turns to central bank meetings and the outcome of the Conservative leadership election The FTSE 100 lost some momentum as Monday’s session drew to a close, with early gains eroded, as focus turns to central bank meetings and the outcome of the Conservative leadership election. The FTSE 100 index closed […]

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback

New Zealand Dollar: NZD/USD (NZD=X) risk for some pullback The Kiwi breakout looks precarious here near-term after taking out targets into 6766 – Risk for some pullback early in the week but the trade remains constructive while above 6705. Subsequent topside resistance objectives at 6805 and 6843. Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction […]

China kicks off new Shanghai: SSE Composite Index (.SSEC) tech board as it tests new ways to improve volatile stock market

China kicks off new Shanghai: SSE Composite Index (.SSEC) tech board as it tests new ways to improve volatile stock market

China kicks off new Shanghai: SSE Composite Index (.SSEC) tech board as it tests new ways to improve volatile stock market The first tranche of companies on China’s new Nasdaq-style tech board started trading on Monday, with all the stocks seeing gains on their public debut. Still, some are cautioning against jumping quickly into the action. “I […]

Canadian Dollar: USD/CAD (CAD=X) content to hug the sidelines along with most of the G-10 major currencies

Canadian Dollar: USD/CAD (CAD=X) content to hug the sidelines along with most of the G-10 major currencies

Canadian Dollar: USD/CAD (CAD=X) content to hug the sidelines along with most of the G-10 major currencies The Canadian dollar started the week quietly, content to hug the sidelines along with most of the G-10 major currencies.There were plenty of geopolitical worries along with the seemingly never-ending Brexit story and concerns around the upcoming European […]

British Pound: USD/GBP (GBP=X) Won’t be Supported by Dovish Fed Speak this Week

British Pound: USD/GBP (GBP=X) Won’t be Supported by Dovish Fed Speak this Week

British Pound: USD/GBP (GBP=X) Won’t be Supported by Dovish Fed Speak this Week If there is a dominant theme in the FX market it is that the British pound is weak and that the markets think the Fed will ease policy later this month. The latter has been underpinning GBP/USD as it has put some […]

Euro: USD/EUR (EUR=X) Focus Shifts Away from US Monetary Policy this Week

Euro: USD/EUR (EUR=X) Focus Shifts Away from US Monetary Policy this Week

Euro: USD/EUR (EUR=X) Focus Shifts Away from US Monetary Policy this Week Last week, EUR/USD saw some rather volatile swings as several Fed members shared views on their latest stance. So far, a majority of FOMC members do appear to favor easing policy next week. The notable exception was Fed member Rosengren who stated he would rather […]

Japanese Yen: USD/JPY (JPY=X) core inflation slowed to its weakest in two years

Japanese Yen: USD/JPY (JPY=X) core inflation slowed to its weakest in two years

Japanese Yen: USD/JPY (JPY=X) core inflation slowed to its weakest in two years In economic news, Japanese manufacturers’ business confidence hit a three-year low in July, highlighting the fragility of the export-led economy as external demand slackens in the face of cooling global growth and trade friction, the Reuters Tankan showed. Japan’s core inflation slowed […]

Silver 1 OZ 999 NY (XAG=X) posting solid gains

Silver 1 OZ 999 NY (XAG=X) posting solid gains

Silver 1 OZ 999 NY (XAG=X) posting solid gains Gold prices are near steady in early U.S. trading Monday, on a normal pause and some corrective consolidation after prices last Friday scored a six-year high. Silver prices are posting solid gains today, after that metal hit a 13-month peak on Friday. August gold futures were last down $0.40 […]

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market

Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market The Australian share market has edged lower, with traders apparently feeling cautious on a number of fronts. The benchmark S&P-ASX 200 index finished down 9.1 points to 6691.2, while the all ordinaries was down five points to 6781.2 points. “I think we’ve definitely got uncertainty coming into […]

Hong Kong: HANG SENG INDEX (.HSI) mostly lower tracking losses on Wall Street

Hong Kong: HANG SENG INDEX (.HSI) mostly lower tracking losses on Wall Street

Hong Kong: HANG SENG INDEX (.HSI) mostly lower tracking losses on Wall Street Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Prices of the 25 companies listed on the Shanghai Stock Exchange’s STAR Market more than doubled, with […]

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40 Technically, August gold futures prices closed near mid-range. The bulls still have the solid overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Prices last Friday hit a six-year high. Gold bulls’ next upside near-term price breakout objective is to […]

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade

Australian Dollar: USD/AUD (AUD=X) brace yourself for a potential two-sided trade The Australian Dollar was primarily underpinned last week by expectations of lower U.S. interest rates. Early in the week, the Aussie dipped a little after minutes from the Reserve Bank of Australia’s (RBA) monetary policy meeting in July showed the central bank was ready […]

Arrow Financial Corporation (NASDAQ:AROW) Reports Year-Over-Year Loan Growth of 10.8% and $8.9 million in Q2 Net Income

Arrow Financial Corporation (NASDAQ:AROW) Reports Year-Over-Year Loan Growth of 10.8% and $8.9 million in Q2 Net Income

Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended June 30, 2019. Net income for the second quarter of 2019 was $8.9 million, compared to $9.7 million in the second quarter of 2018. Steady loan growth continued in the second quarter of 2019, as total loans grew by $45.1 million from […]

Amazon.com, Inc. (NASDAQ:AMZN) Announces Plans to Expand in Ohio

Amazon.com, Inc. (NASDAQ:AMZN) Announces Plans to Expand in Ohio

Amazon.com, Inc. (NASDAQ:AMZN) Announces Plans to Expand in Ohio Amazon.com, Inc. (AMZN) today announced plans to open two new Ohio fulfillment centers, one in Akron and the other in Rossford, creating more than 2,500 full-time jobs with comprehensive benefits and opportunities to work alongside Amazon robotics in an industry-leading workplace. “Ohio has been a great […]

Bunge and BP to Create a Leading Bioenergy Company

Bunge and BP to Create a Leading Bioenergy Company

Bunge Limited (NYSE:BG) (“Bunge” or “the Company”), a leader in agriculture, food and ingredients, today announced an agreement with BP plc (NYSE:BP) to form a 50:50 joint venture that will create a leading bioenergy company (the “joint venture”) in Brazil, one of the world’s largest fast-growing markets for biofuels. Bunge will receive cash proceeds of […]

Tesla, Inc. (NASDAQ:TSLA) Cars, trucks, and things that fly

Tesla, Inc. (NASDAQ:TSLA) Cars, trucks, and things that fly

Tesla, Inc. (NASDAQ:TSLA) Cars, trucks, and things that fly The most important number for Tesla will be its sales outlook, after the car maker already reported better-than-expected deliveries for the second quarter but declined to restate its forecast as it did with first-quarter deliveries. Barclays analyst Brian Johnson is concerned about “demand pull forward” that […]

NASDAQ Composite (.IXIC) falls as Fed expected to cut interest rates by 25 basis points

NASDAQ Composite (.IXIC) falls as Fed expected to cut interest rates by 25 basis points

NASDAQ Composite (.IXIC) falls as Fed expected to cut interest rates by 25 basis points Wall Street’s main indexes have fallen following a report the Federal Reserve plans to cut interest rates by only a quarter percentage point at the end of the month. The benchmark S&P 500 on Friday erased earlier marginal gains after […]

Altseason Unlikely Until Late-2019; Bitcoin: USD/BTC (BTC=X) to Outperform

Altseason Unlikely Until Late-2019; Bitcoin: USD/BTC (BTC=X) to Outperform

Altseason Unlikely Until Late-2019; Bitcoin: USD/BTC (BTC=X) to Outperform For months now, investors on “Crypto Twitter” have been screaming for an altseason. After all, that’s where many traders made their money in 2017’s mania. According to Adaptive Fund’s Willy Woo, however, investors shouldn’t be holding their breath for altcoins to outperform. In a recent three-part thread, […]

Amazon.com, Inc. (NASDAQ:AMZN) becoming more sustainable?

Amazon.com, Inc. (NASDAQ:AMZN) becoming more sustainable?

Amazon.com, Inc. (NASDAQ:AMZN) becoming more sustainable? On its website, Amazon states its packaging mission is to optimise the overall customer experience by collaborating with manufacturers worldwide to invent sustainable packaging that delights customers, eliminates waste and ensures products arrive intact and undamaged. In 2008, Amazon launched Frustration-Free Packaging – a programme designed to reduce waste, […]

Dow Jones Industrial Average (.DJI) signs are mounting for a correction in the short term

Dow Jones Industrial Average (.DJI) signs are mounting for a correction in the short term

Dow Jones Industrial Average (.DJI) signs are mounting for a correction in the short term While the trajectory for U.S. stocks is still up, signs are mounting for a correction in the short term. We expect volatility to increase as the pace of earnings season picks up, tensions with Iran grow and the Federal Reserve […]

Apple Inc. (NASDAQ:AAPL) Checking in with the Bulls

Apple Inc. (NASDAQ:AAPL) Checking in with the Bulls

Apple Inc. (NASDAQ:AAPL) Checking in with the Bulls The bullish news this week for Apple is the ratings upgrade from Raymond James.  Analyst Chris Caso took a forward-looking stance on the stock, basing his upgrade not on this year’s performance but on “the impact of a 5G iPhone product cycle in 2020.” He sees Apple gaining materially […]

Tensions in the Gulf have already pushed United States Oil (USO) prices slightly higher

Tensions in the Gulf have already pushed United States Oil (USO) prices slightly higher

Tensions in the Gulf have already pushed United States Oil (USO) prices slightly higher Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even […]

Chinese Government Leads the World in Blockchain Standardized Certification

Chinese Government Leads the World in Blockchain Standardized Certification

For years, governments around the world have been floundering with the challenge of how to respond to cryptocurrencies and blockchain technology. The Chinese Government has not been immune to the controversy taking a publicly conservative stance towards many aspects of the cryptocurrency world. However, a lesser known fact is that the Chinese Government has been […]

Visit Yosemite: Nothing Else Like It

Visit Yosemite: Nothing Else Like It

Yosemite. One word, four syllables. Not a lot in the way of descriptions, but with Yosemite, it’s all you need. That one word conjures up cloud-crowned heights with crested waterfalls tumbling over granite monoliths; of deep valleys with quiet streams following their own path through western pines; of meadows with vast views. It can be […]

OneConnect Financial Technology makes strides to expand footprint and accelerate digital transformation in Asia

OneConnect Financial Technology makes strides to expand footprint and accelerate digital transformation in Asia

OneConnect Financial Technology Co. Ltd. (OneConnect), a member of China’s insurance giant and Fortune Top 29 Company Ping An Group, has been steadily ramping up their presence in the Asia Pacific region since the launch of its regional office in Singapore last year. Since establishing its regional headquarters in Singapore last November, OneConnect has been aggressively […]

Shanghai Stocks Exchange’s Sci-Tech Innovation Board the STAR Market

Shanghai Stocks  Exchange’s Sci-Tech Innovation Board  the STAR Market

Trading begins Monday on a new Nasdaq-style technology board in Shanghai that represents one of China’s most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks will debut on the Shanghai Stocks Exchange’s Sci-Tech Innovation Board — dubbed the STAR Market — in which listing and […]

Hong Kong: HANG SENG INDEX (.HSI) rise for first time in four days

Hong Kong: HANG SENG INDEX (.HSI) rise for first time in four days

Hong Kong: HANG SENG INDEX (.HSI) rise for first time in four days Chinese stocks closed higher for the first time in four days on Friday, following comments by a Federal Reserve official that suggested the US central bank would cut interest rates more aggressively than anticipated. The Shanghai Composite Index rose 0.9 per cent […]

Federal Reserve officials lay out case for aggressive rate cuts

Federal Reserve officials lay out case for aggressive rate cuts

Federal Reserve officials signaled they are ready to cut interest rates by a quarter-percentage point at their coming meeting, while indicating the potential for additional reductions because they are worried about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback in inflation. Officials aren’t prepared for bolder action by making a […]

Silver Price Surges as Bitcoin Faces Strong Selling Pressure

Silver Price Surges as Bitcoin Faces Strong Selling Pressure

Bitcoin is trading down nearly 2% at its current price of $10,400, which is down significantly from its 24-hour highs of over $11,000 that were set yesterday after the cryptocurrency sharply moved upwards before incurring a massive influx of selling pressure. In contrast, Silver has been consistently skyrocketing for the past several weeks, and is currently […]

Japanese Yen: USD/JPY (JPY=X) could have another opportunity to resume its drop from Q2

Japanese Yen: USD/JPY (JPY=X) could have another opportunity to resume its drop from Q2

Japanese Yen: USD/JPY (JPY=X) could have another opportunity to resume its drop from Q2 Against the Japanese Yen, the Greenback did lose some momentum this past week. This is in-line with my third quarter USD/JPY technical forecast as rising support from June 2016 was taken out. While at first this seemed to be a false breakout to […]

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge

Silver 1 OZ 999 NY (XAG=X) Jump After ETF Investment Surge GOLD and SILVER PRICES spiked overnight in Asia trade on Friday as US President Trump claimed that a US Navy assault ship had shot down an Iranian drone threatening to attack it. Gold then eased back $15 in London business, retreating from its new 6-year Dollar […]

Shanghai: SSE Composite Index (.SSEC) more than 3,000 listed companies have started reporting results for the first half of the year

Shanghai: SSE Composite Index (.SSEC) more than 3,000 listed companies have started reporting results for the first half of the year

Shanghai: SSE Composite Index (.SSEC) more than 3,000 listed companies have started reporting results for the first half of the year It may be a very bumpy earnings season in China. The first of China’s more than 3,000 listed companies have started reporting results for the first half of the year. With the weakest economic […]

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher I remain bullish for gold in the short-term although current levels need to be consolidated before the next leg higher. The fundamental backdrop for the precious remains positive, with the latest boost coming from dovish commentary from NY Fed vice […]

Euro: USD/EUR (EUR=X) eyes ECB decision as the USD faces GDP data

Euro: USD/EUR (EUR=X) eyes ECB decision as the USD faces GDP data

Euro: USD/EUR (EUR=X) eyes ECB decision as the USD faces GDP data The Euro-to-Dollar rate is set to begin trading around 1.1220 at the start of the new week after gaining half a percent by last Friday’s close, although the charts argue for more range-bound trading from the single currency in the days ahead. The […]

Air raids by Syrian army and Russian ally kill at least 11

Air raids by Syrian army and Russian ally kill at least 11

Air strikes have killed at least 11 people in rebel-held northwestern Syria on Sunday, according to rescue workers and a war monitor. The Syrian Observatory for Human Rights (SOHR) reported that Syrian government air strikes killed six people, including a child, in the village of Urum al-Jawz in western Idlib province while four others, including two children were killed […]

Singapore: STI Index (.STI) has surged 9.3 per cent this year among the best performers in South-east Asia

Singapore: STI Index (.STI) has surged 9.3 per cent this year among the best performers in South-east Asia

Singapore: STI Index (.STI) has surged 9.3 per cent this year among the best performers in South-east Asia Investors are sanguine about Singapore’s stock market even as the nation faces the risk of a technical recession, as a positive outlook for dividends and earnings overshadows threats from the US-China trade spat. Singapore’s trade-reliant economy unexpectedly […]

British Pound: USD/GBP (GBP=X) could rise if the Sterling can catch bid again after dropping to multi-month lows

British Pound: USD/GBP (GBP=X) could rise if the Sterling can catch bid again after dropping to multi-month lows

British Pound: USD/GBP (GBP=X) could rise if the Sterling can catch bid again after dropping to multi-month lows Taking a look at spot GBPUSD from a broader perspective, we can see that the 1.2600 handle has previously served as a serious level of confluence. While increased selling pressure earlier in the month drove the Pound […]

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact

Australian Dollar: USD/AUD (AUD=X) December falling resistance may keep the downtrend intact Versus the Australian Dollar, the Greenback is at a potential turning point. AUD/USD finds itself testing falling resistance from December after the psychological barrier between 0.70482 and 0.7022 was taken out. Though I am still awaiting technical confirmation to argue if the latter could translate into […]

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week The Australian share market has rallied to end a mostly lacklustre week a tad higher than where it began, thanks to gold miners and the big banks. The benchmark S&P/ASX200 index finished up 51.2 points, or 0.77 per cent, to 6,700.3 points at 1615 […]

A Look at Post Trade War Asia

A Look at Post Trade War Asia

Big US companies are accelerating efforts to move more of their supply chains from China to neighboring countries in light of Trump administration tariffs. Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia, data show. At the same time, the shift has exposed the […]

Microsoft is Back

Microsoft is Back

Microsoft on Thursday posted quarterly earnings that trounced expectations, citing growth in partnerships with companies on technology and cloud computing services. The US technology titan, shifting in recent years to business services from consumer tech, reported its net income rose 49 percent to $13.2 billion on revenue that was up 12 percent to $33.7 billion. […]

Facebook, Inc. (NASDAQ:FB) agreed to pay a $5 billion fine

Facebook, Inc. (NASDAQ:FB) agreed to pay a $5 billion fine

Facebook, Inc. (NASDAQ:FB) agreed to pay a $5 billion fine Facebook (NASDAQ: FB ) saw its user privacy scandal finally come to a tepid conclusion last week. The company agreed to pay a $5 billion fine, the largest fine ever given by the Federal Trade Commission. Facebook also dealt with regulatory opposition over its plans to launch the […]

United States Oil (USO) prices reversed earlier gains

United States Oil (USO) prices reversed earlier gains

United States Oil (USO) prices reversed earlier gains Earlier gains for oil futures on the back of increased tensions in the Middle East gave way to sizable declines Thursday, pushing U.S. and global benchmark prices to their lowest settlements in a month. Prices reversed earlier gains, “reacting to the weakness in U.S. equities and over expectations of […]

Tesla, Inc. (NASDAQ:TSLA) could be poised for an even bigger recovery

Tesla, Inc. (NASDAQ:TSLA) could be poised for an even bigger recovery

Tesla, Inc. (NASDAQ:TSLA) could be poised for an even bigger recovery Tesla stock (NASDAQ:TSLA) could be poised for an even bigger recovery, according to one of the electric car maker’s biggest bulls. In a recent note, Ben Kallo of Baird, one of Tesla’s most ardent supporters in Wall Street, reiterated his “Outperform” rating on TSLA […]

Amazon.com, Inc. (NASDAQ:AMZN) embarking a new venture that could be a game changer

Amazon.com, Inc. (NASDAQ:AMZN) embarking a new venture that could be a game changer

Amazon.com, Inc. (NASDAQ:AMZN) embarking a new venture that could be a game changer Amazon is embarking on new venture, which could be one of its biggest yet. The company is looking to expand its empire beyond these terrestrial borders — which could result in Amazon’s most lucrative business yet. Access to 4 billion new customers […]

Netflix, Inc. (NASDAQ:NFLX) reported a loss of 126,000 U.S. subscribers

Netflix, Inc. (NASDAQ:NFLX) reported a loss of 126,000 U.S. subscribers

Netflix, Inc. (NASDAQ:NFLX) reported a loss of 126,000 U.S. subscribers Netflix is not so chill right now. For the first time since 2011, Netflix reported a loss of 126,000 U.S. subscribers in its most recent three-month stretch. International subscribersincreased by only 2.7 million, far below expectations of 5 million. Shares dropped more than 10% on Thursday, a day after […]

Alphabet Inc. (NASDAQ:GOOG) managers are incubating vibrant new businesses in pharma and tech

Alphabet Inc. (NASDAQ:GOOG) managers are incubating vibrant new businesses in pharma and tech

Alphabet Inc. (NASDAQ:GOOG) managers are incubating vibrant new businesses in pharma and tech This might seem a particularly bad time to be investing in big tech. President Trump said Tuesday morning that his administration would look into accusations that Google has been secretly working with the Chinese military. The charge came from Peter Thiel, a PayPal co-founder and […]

Bitcoin: USD/BTC (BTC=X) reporting double-digit gains

Bitcoin: USD/BTC (BTC=X) reporting double-digit gains

Bitcoin: USD/BTC (BTC=X) reporting double-digit gains Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. The sudden rally could be associated with the massive unwinding of short BTC/USD positions (profit taking) seen in 30 […]

Apple Inc. (NASDAQ:AAPL) likely to offer a lower-priced 5G model in 2020

Apple Inc. (NASDAQ:AAPL) likely to offer a lower-priced 5G model in 2020

Apple Inc. (NASDAQ:AAPL) likely to offer a lower-priced 5G model in 2020 The coming iPhone new product cycle may be a non-event, but rising conviction in a strong 2020 lineup has one analyst feeling bullish about Apple Inc.’s prospects. Raymond James analyst Chris Caso upgraded Apple shares AAPL, +1.14%  to outperform from market perform on Thursday, writing of […]

Dow Jones Industrial Average (.DJI) market extended losses

Dow Jones Industrial Average (.DJI) market extended losses

Dow Jones Industrial Average (.DJI) market extended losses The stock market extended losses late Thursday morning. The Dow Jones industrials fell 100 points. Dow Jones stock UnitedHealth (UNH) was lower after this morning’s earnings report, while Microsoft (MSFT) will report after the stock market close. Meanwhile, Netflix (NFLX) plummeted more than 10% on weak earnings […]

AirAsia Berhad (5099:KL) to pay at least RM40.6m in uncollected PSC to MAHB unit

AirAsia Berhad (5099:KL) to pay at least RM40.6m in uncollected PSC to MAHB unit

AirAsia Berhad (5099:KL) to pay at least RM40.6m in uncollected PSC to MAHB unit AirAsia will have to pay at least RM40.6 million to Malaysia Airports (Sepang) Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd (MAHB), over unpaid passenger service charges (PSC) from July to December last year. This follows the High Court here […]

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season

Shanghai: SSE Composite Index (.SSEC) investors prepared for tepid results from the ongoing earnings season China stocks fell on Thursday as investors prepared for tepid results from the ongoing earnings season, as weak corporate earnings trends in the U.S. underscored the impact of the trade standoff between Beijing and Washington. Shenzhen’s tech-heavy board ChiNext led […]

British Pound: USD/GBP (GBP=X) UK retail sales data revealed that sales unexpectedly rose

British Pound: USD/GBP (GBP=X) UK retail sales data revealed that sales unexpectedly rose

British Pound: USD/GBP (GBP=X) UK retail sales data revealed that sales unexpectedly rose Year-on-year sales jumped from May’s downwardly revised 2.2 per cent to 3.8 per cent, and excluding fuel annual sales rose by 3.6 percent. The Office for National Statistics (ONS) stated: “All four main sectors contributed positively to the amount spend, and all sectors except […]

Euro: USD/EUR (EUR=X) Tightens Ahead Of The Weekend Break

Euro: USD/EUR (EUR=X) Tightens Ahead Of The Weekend Break

Euro: USD/EUR (EUR=X) Tightens Ahead Of The Weekend Break The theme of the week has been “consolidation” on the forex. For the most part, the majors have traded within last week’s FED-fueled ranges, with the EUR/USD being among the most hotly contested. Since the bearish break of Tuesday, rates have rotated between 1.1250 and 1.1201, […]

Japanese Yen: USD/JPY (JPY=X) plenty of reasons to rally

Japanese Yen: USD/JPY (JPY=X) plenty of reasons to rally

Japanese Yen: USD/JPY (JPY=X) plenty of reasons to rally The US dollar has pulled back against the Japanese yen during the trading session on Thursday but has found enough support at the 61.8% Fibonacci retracement level to turn the market back around and show signs of life. At this point, the market looks as if we are […]

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance

Australian Dollar: USD/AUD (AUD=X) faces significant resistance The Australian dollar rallied a bit during the trading session on Thursday but still faces significant resistance just above. With that being the case it looks as if we are about to take on a serious level in the market that could change things going forward. The Australian […]

Singapore: STI Index (.STI) faces the risk of a technical recession

Singapore: STI Index (.STI) faces the risk of a technical recession

Singapore: STI Index (.STI) faces the risk of a technical recession Investors are sanguine about Singapore’s equity market even as the nation faces the risk of a technical recession, as a positive outlook for dividends and earnings overshadows threats from the U.S.-China trade spat. Singapore’s trade-reliant economy unexpectedly contracted by 3.4% in the June quarter […]

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90 Technically, the gold bulls have the solid overall near-term technical advantage. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at the June high of $1,442.90. Bears’ next near-term […]

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high

Silver 1 OZ 999 NY (XAG=X) prices hit a nearly four-month high Gold prices are moderately higher in midday U.S. trading Thursday. August gold futures are poised to close at a five-month high close today. Silver bulls are on a tear this week as prices hit a nearly four-month high. August gold futures were last up $3.80 an […]

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact

Hong Kong: HANG SENG INDEX (.HSI) weaker as investors assess trade war impact Hong Kong shares closed lower on Thursday, as investors closely monitor corporate earnings to assess the impact of Sino-U.S. trade frictions amid uncertainty over economic prospects. The Hang Seng index ended down 0.5% at 28,461.66, while the China Enterprises Index closed 0.6% […]

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates

Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates Australian shares closed lower on Thursday after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates in the short term. The S&P/ASX 200 Index fell 24.2 points, or […]

PayPal Holdings, Inc. (NASDAQ:PYPL) Earnings Expected to Grow

PayPal Holdings, Inc. (NASDAQ:PYPL) Earnings Expected to Grow

PayPal Holdings, Inc. (NASDAQ:PYPL) Earnings Expected to Grow Wall Street expects a year-over-year increase in earnings on higher revenues when Paypal (PYPL) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how […]

Dow Jones Industrial Average (.DJI) investors digesting mixed earnings results and economic data

Dow Jones Industrial Average (.DJI) investors digesting mixed earnings results and economic data

Dow Jones Industrial Average (.DJI) investors digesting mixed earnings results and economic data U.S. stocks ended lower for a second straight session Wednesday as investors digested mixed earnings results and economic data, while a lack of progress on the Beijing-Washington tariff dispute remained a headache. Bank of America BAC, +0.69% reported better-than-expected results after gains in its consumer […]

Tesla, Inc. (NASDAQ:TSLA) slams the auto industry

Tesla, Inc. (NASDAQ:TSLA) slams the auto industry

Tesla, Inc. (NASDAQ:TSLA) slams the auto industry On Tuesday, Musk said in an interview with MotorTrend that the auto industry “is just fairly slow to evolve, and it didn’t take electric vehicles really seriously until 2015, maybe 2014 you could say.” Referring to other automakers’ failures in the electric vehicle space, Musk said that cars other than […]

Alibaba Group Holding Limited (NYSE:BABA) stock bounced back in the last month and it’s just getting started

Alibaba Group Holding Limited (NYSE:BABA) stock bounced back in the last month and it’s just getting started

Alibaba Group Holding Limited (NYSE:BABA) stock bounced back in the last month and it’s just getting started Much of the direction that Alibaba (NYSE: BABA) stock takes depends on the trade talk progress between the U.S. and China. So when the two countries agreed on a temporary truce that would prevent further new tariffs, Alibaba stock bounced. The […]

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