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 […]

NASDAQ Composite (.IXIC) falls as CSX results point to damage from trade tensions

NASDAQ Composite (.IXIC) falls as CSX results point to damage from trade tensions

NASDAQ Composite (.IXIC) falls as CSX results point to damage from trade tensions U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX CSX.O shares tumbled 9.9% and were set for their biggest one-day drop […]

Apple Inc. (NASDAQ:AAPL) posted its lowest GDP growth in nearly three decades

Apple Inc. (NASDAQ:AAPL) posted its lowest GDP growth in nearly three decades

Apple Inc. (NASDAQ:AAPL) posted its lowest GDP growth in nearly three decades Amid reports that Apple (NASDAQ: AAPL) is looking to move 15% to 30% of iPhone production out of China due to President Trump’s ongoing trade war, the company is already starting to shift production of other products out of the Middle Kingdom. While Trump’s tariffs are impacting the […]

General Electric Company (NYSE:GE) agreed to sell a majority stake in a solar-energy business to BlackRock

General Electric Company (NYSE:GE) agreed to sell a majority stake in a solar-energy business to BlackRock

General Electric Company (NYSE:GE) agreed to sell a majority stake in a solar-energy business to BlackRock General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere. A fund managed by BlackRock’s Real […]

Delta Air Lines, Inc. (NYSE:DAL) caution is advised

Delta Air Lines, Inc. (NYSE:DAL) caution is advised

Delta Air Lines, Inc. (NYSE:DAL) caution is advised With nothing more than a quick glance, Delta Air Lines look like a rocket. A large number of people saw last month’s big move, wanted to plug into it, and fueled even more bullishness with that buying. Volume has been particularly strong of late. Caution is advised […]

Bitcoin: USD/BTC (BTC=X) support at $7,500

Bitcoin: USD/BTC (BTC=X) support at $7,500

Bitcoin: USD/BTC (BTC=X) support at $7,500 History is known to repeat itself in financial markets and the bitcoin market is no exception. The top cryptocurrency now appear to have bottomed out in December 2018 – i.e. a year and a half ahead of the mining reward halving due in May 2020 (reminding the crypto community […]

Bank of America Corporation (NYSE:BAC) expects growth in the face of anticipated interest rate cuts and slowing economic growth

Bank of America Corporation (NYSE:BAC) expects growth in the face of anticipated interest rate cuts and slowing economic growth

Bank of America Corporation (NYSE:BAC) expects growth in the face of anticipated interest rate cuts and slowing economic growth Shares of Bank of America Corp. seesawed toward a gain Wednesday, as the bank lowered its full-year outlook for net interest income, but still expected growth in the face of anticipated interest rate cuts and slowing […]

United States Oil (USO) at two-week lows

United States Oil (USO) at two-week lows

United States Oil (USO) at two-week lows Oil futures marked their lowest finish in roughly two weeks on Wednesday, as U.S. government data revealed that domestic crude supplies fell for a fifth straight week, but the stocks were down by less than the market expected and product inventories climbed. August West Texas Intermediate crude CLQ19, +0.12% shed 84 […]

Ford Motor Company (NYSE:F) Earnings Expected to Grow

Ford Motor Company (NYSE:F) Earnings Expected to Grow

Ford Motor Company (NYSE:F) Earnings Expected to Grow Wall Street expects a year-over-year increase in earnings on lower revenues when Ford (F) 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 […]

Longer-term investors should buy Microsoft Corporation (NASDAQ:MSFT) stock on dips

Longer-term investors should buy Microsoft Corporation (NASDAQ:MSFT) stock on dips

Longer-term investors should buy Microsoft Corporation (NASDAQ:MSFT) stock on dips With its 30.5 trailing P/E ratio and its $1 trillion market cap, Microsoft (NASDAQ:MSFT) stock price largely reflects its current two main growth engines: its cloud business and its software-as-a-service offerings. Consequently, investors should not expect MSFT stock to rally tremendously when it reports its fiscal fourth-quarter […]

Hit or miss, come July 25, Alphabet Inc. (NASDAQ:GOOG) worth owning

Hit or miss, come July 25, Alphabet Inc. (NASDAQ:GOOG) worth owning

Hit or miss, come July 25, Alphabet Inc. (NASDAQ:GOOG) worth owning I last wrote about Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) May 1 just after the company reported an earnings miss. Down more than 8% on the news, I recommended investors buy Google stock despite the miss.  Heading into next week’s second-quarter earnings call, I thought I’d revisit some of […]

BlackRock, Inc. (NYSE:BLK) faces intense scrutiny when it reports its second-quarter earnings

BlackRock, Inc. (NYSE:BLK) faces intense scrutiny when it reports its second-quarter earnings

BlackRock, Inc. (NYSE:BLK) faces intense scrutiny when it reports its second-quarter earnings The world’s largest asset manager, BlackRock (NYSE:BLK), faces intense scrutiny when it reports its second-quarter earnings tomorrow. Investors are concerned, and will want to know exactly how the company’s profitability is being affected by slowing growth and price wars. Analysts aren’t upbeat about the near-term […]

Alcoa Corporation (NYSE:AA) Reports Q2 Loss

Alcoa Corporation (NYSE:AA) Reports Q2 Loss

Alcoa Corporation (NYSE:AA) Reports Q2 Loss Alcoa (AA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 97.06%. […]

Prime Time for Amazon.com, Inc. (NASDAQ:AMZN)

Prime Time for Amazon.com, Inc. (NASDAQ:AMZN)

Prime Time for Amazon.com, Inc. (NASDAQ:AMZN) AMZN’s earnings report comes soon after its most recent “Prime Day” event that took place July 15-16. The event is designed to spark sales volume during what’s traditionally been a seasonal slow period for the company, and analysts were looking for sales of more than $6 billion associated with […]

Netflix, Inc. (NASDAQ:NFLX) streaming giant missed the forecast for new memberships

Netflix, Inc. (NASDAQ:NFLX) streaming giant missed the forecast for new memberships

Netflix, Inc. (NASDAQ:NFLX) streaming giant missed the forecast for new memberships Netflix (NFLX) has passed the 150 million subscribers mark, but the streaming giant missed the forecast for new memberships. The company added 2.7 million new subscribers in the second quarter of 2019, according to its latest earnings report released Wednesday. That is just over half of […]

Facebook, Inc. (NASDAQ:FB) Reports Next Week

Facebook, Inc. (NASDAQ:FB) Reports Next Week

Facebook, Inc. (NASDAQ:FB) Reports Next Week The market expects Facebook (FB) to deliver a year-over-year increase in earnings on higher revenues when it report s results for the quarter ended June 2019. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is […]

eBay Inc. Reports Second Quarter Results

eBay Inc. Reports Second Quarter Results

– Revenue of $2.7 billion – GAAP and Non-GAAP EPS per diluted share of $0.46 and $0.68, respectively, on a continuing operations basis – GAAP and Non-GAAP operating margin of 20.9% and 26.9%, respectively – Returned $1.6 billion to shareholders in Q2, including $1.5 billion of share repurchases and $120 million paid in cash dividends […]

United Security Bancshares reports 2nd quarter net income of $4.1 million

United Security Bancshares reports 2nd quarter net income of $4.1 million

United Security Bancshares (Nasdaq: UBFO) today announced its unaudited financial results for the three and six months ended June 30, 2019. The Company reported consolidated net income of $4,097,000, or $0.24 per basic and diluted common share, for the quarter ended June 30, 2019, as compared to $3,392,000, or $0.20 per basic and diluted common share, for the quarter ended June 30, 2018. The Company recognized […]

Benchmark Electronics to Report Second Quarter 2019 Results

Benchmark Electronics to Report Second Quarter 2019 Results

Benchmark Electronics, Inc. (NYSE: BHE) will announce its second quarter 2019 results on Wednesday, July 24, 2019, after the market closes.  The Company will host a conference call to discuss the results later that day at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the […]

Mirum Pharmaceuticals Announces Pricing of Initial Public Offering

Mirum Pharmaceuticals Announces Pricing of Initial Public Offering

Mirum Pharmaceuticals, Inc., a clinical-stage therapeutics company developing a novel approach for treating cholestatic liver diseases, today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $15.00 per share. The gross proceeds to Mirum from the offering, before deducting underwriting discounts and commissions and […]

IBERIABANK Corporation Increases Cash Dividend on Common Stock by 5%

IBERIABANK Corporation Increases Cash Dividend on Common Stock by 5%

The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend of $0.45 per common share,  payable on October 25, 2019, to shareholders of record as of September 30, 2019. The announced quarterly cash dividend represents an increase of approximately 5% compared to the prior quarterly cash dividend declared by the Board on May 8, […]

Janet Jackson Takes Full ‘Control’ Of Her Vinyl Legacy

Janet Jackson Takes Full ‘Control’ Of Her Vinyl Legacy

The Latest Rock & Roll Hall Of Fame Inductee Welcomes Six Entries From Her Groundbreaking A&M and Virgin Catalog, Coinciding With ‘Metamorphosis’ Las Vegas Residency This summer, A&M/Virgin/UMe and Janet Jackson will see key entries in the artist’s acclaimed canon reissued on vinyl, including A&M and Virgin albums. The reissue series commenced in full with the wide […]

Lotus Unveils World’s Most Powerful Production Car

Lotus Unveils World’s Most Powerful Production Car

Resurgent British sports car maker Lotus has unveiled the Evija, the world’s first all-electric British hypercar, at an exclusive event in London. A technical tour de force, the Evija is illustrative of the innovative thinking and ingenuity that has always been part of the Lotus DNA. With a target output of 2000 PS, it is the world’s […]

MULPHA (MITC:KL) sells Cairns hotel for A$65mil

MULPHA (MITC:KL) sells Cairns hotel for A$65mil

MULPHA (MITC:KL) sells Cairns hotel for A$65mil Mulpha International Bhd is selling a 4-star hotel in Cairns for A$65mil (RM187.9mil). The company, in a filing with Bursa Malaysia today, said its units in Australia have entered into a property and business asset sale agreement with JY Cairns Esplanade Hotel Pty Ltd on July 16 for […]

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points

Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points Bursa Malaysia joined its regional peers in negative territory on Wednesday with selling pressure seen across the board. Dealers said market sentiment was curbed by U.S. President Donald Trump’s comments on trade. Investors continued to fret over slowing growth and the impact of the […]

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed

Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed Shares in China finished lower in thin trade on Wednesday, extending the previous day’s small losses as investors continued to fret over slowing growth and the impact of the Sino-U.S. trade dispute, and await more signs of support from Beijing. At […]

British Pound: USD/GBP (GBP=X) General Election adds to uncertainty

British Pound: USD/GBP (GBP=X) General Election adds to uncertainty

British Pound: USD/GBP (GBP=X) General Election adds to uncertainty Pound Sterling remains under pressure in mid-week trade with foreign exchange markets digesting the latest political headlines that suggest a General Election is being considered by Boris Johnson. Johnson remains favourite to replace Prime Minister Theresa May new Tuesday when the result of the Conservative Party […]

Euro: USD/EUR (EUR=X) back to 1.1212 support

Euro: USD/EUR (EUR=X) back to 1.1212 support

Euro: USD/EUR (EUR=X) back to 1.1212 support In contrast to the breakdown in GBP/USD looked at above, EUR/USD has seen a more moderate pullback to a prior zone of support. This is the same zone that’s been in-play as both support and resistance since coming back into the equation in November of last year. More recently, […]

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30

Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30 The USD/JPY pair dropped below Asian session lows and fell to 108.04. As of writing it was trading at 108.05/10 with the negative tone intact. Earlier today, the pair was unable to break above the 108.30 area that became a strong resistance.  The […]

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans

Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans Hong Kong stocks retreated on Wednesday, hit by concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans. The Hang Seng Index eased 0.1 per cent, or 26.45 points […]

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish

Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish Gold and silver prices are solidly higher in midday U.S. trading Wednesday. The two precious metals saw technical buyers pick up the pace today, amid charts that are turning more bullish, especially for silver, which hit a nearly four-month high today. August gold futures were last up $12.90 […]

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses

Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart Technically, the gold bulls have the firm overall near-term technical advantage. Prices today scored a bullish “outside day” up on the daily bar chart. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective […]

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates

Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 points, […]

Singapore: STI Index (.STI) economic downturn continues

Singapore: STI Index (.STI) economic downturn continues

Singapore: STI Index (.STI) economic downturn continues Singapore’s exports plunged to a six-year low in June, the latest in a series of brutal indicators showing China’s slowdown and the trade war with the United States are wreaking havoc on the economies of Asia’s trade hubs. The city state’s economy is considered a bellwether for the […]

Alibaba Group Holding Limited (NYSE:BABA) valuation appears to be compelling

Alibaba Group Holding Limited (NYSE:BABA) valuation appears to be compelling

Alibaba Group Holding Limited (NYSE:BABA) valuation appears to be compelling Alibaba’s (NYSE:BABA) stock may be due to increase by 7% or more in the coming weeks based on some recent options bets. Additionally, the technical chart is in agreement with the options betting, also indicating the stock may rise from its current price of approximately […]

Netflix, Inc. (NASDAQ:NFLX) Quarterly Earnings Report In Shifting Streaming Landscape

Netflix, Inc. (NASDAQ:NFLX) Quarterly Earnings Report In Shifting Streaming Landscape

Netflix, Inc. (NASDAQ:NFLX) Quarterly Earnings Report In Shifting Streaming Landscape Netflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company’s future. Believers in the long-term viability of Netflix point to its global footprint and programming […]

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