Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.15 May silver futures prices closed nearer the session low today. The silver bears have the overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance […]

Australia: S&P/ASX 200 (.AXJO) best session since 7 February

Australia: S&P/ASX 200 (.AXJO) best session since 7 February

Australia: S&P/ASX 200 (.AXJO) best session since 7 February The market closed 0.9 per cent higher at 6319 today, a rise of nearly 60 points. It is the best session since 7 February and puts the index within spitting distance of a fresh ten-year high. The last ten-year high was 6352 in August 2018. Altogether 157 […]

Hong Kong: HANG SENG INDEX (.HSI) retreats modestly, while energy companies’ stock gains

Hong Kong: HANG SENG INDEX (.HSI) retreats modestly, while energy companies’ stock gains

Hong Kong: HANG SENG INDEX (.HSI) retreats modestly, while energy companies’ stock gains Asian markets were largely down in early trading Tuesday as oil prices surged to nearly six-month highs after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan’s Nikkei NIK, +0.19% was off 0.2%, while Hong Kong’s […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00 Technically, June gold futures prices closed near mid-range today. The bears have the overall near-term technical advantage. A two-month-old downtrend line on the daily bar chart is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million Wall Street expects Twitter earnings per share to fall 6% to 15 cents a share. Analysts expect the social media platform’s revenue to climb 16.5% to $775 million. Shayne Heffernan said he believed product additions and changes to the […]

Bitcoin: USD/BTC (BTC=X) starting to surge

Bitcoin: USD/BTC (BTC=X) starting to surge

Bitcoin: USD/BTC (BTC=X) starting to surge As the week progresses crypto markets are looking stronger. Bitcoin is pulling them all up as it breaks through resistance to form a new 2019 high. Market capitalization is ramping up to do the same as it surges upwards of $180 billion again. Bitcoin did what many had been […]

Dow Jones Industrial Average (.DJI) weighed by Boeing’s stock slump

Dow Jones Industrial Average (.DJI) weighed by Boeing’s stock slump

Dow Jones Industrial Average (.DJI) weighed by Boeing’s stock slump Two of the three main stock market indexes on Monday finished in positive territory as the energy sector rallied on the back of a surge in oil prices, but the Dow lagged behind its peers, weighed by shares of Boeing Co. BA, -1.29% The Dow […]

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings U.S. stocks closed mostly stronger Monday, with the tech-heavy Nasdaq finishing at a six-month high, as investors face a big week for corporate quarterly results and economic data following an extended holiday weekend. Investors were also monitoring a jump in crude-oil prices as the […]

Alphabet Inc. (NASDAQ:GOOG) A streaming breakthrough

Alphabet Inc. (NASDAQ:GOOG) A streaming breakthrough

Alphabet Inc. (NASDAQ:GOOG) A streaming breakthrough It appears the bitter rivals have agreed to cease hostilities — at least on one front. In a joint press release , Amazon and Google announced that they would “launch the official YouTube app on Amazon Fire TV devices and Fire TV Edition smart TVs, as well as the […]

Alibaba Group Holding Limited (NYSE:BABA) Oscar-Winning Studio

Alibaba Group Holding Limited (NYSE:BABA) Oscar-Winning Studio

Alibaba Group Holding Limited (NYSE:BABA) Oscar-Winning Studio When the Academy Awards were presented on 2/24/19, the movie “The Green Book” won three awards including best picture. “Green Book” has won 18 awards since it debuted last November, including three Golden Globe Awards. While a movie winning so many awards is impressive, what is particularly noteworthy […]

Facebook, Inc. (NASDAQ:FB) social media giant said it is hiring Jennifer Newstead as its general counsel

Facebook, Inc. (NASDAQ:FB) social media giant said it is hiring Jennifer Newstead as its general counsel

Facebook, Inc. (NASDAQ:FB) social media giant said it is hiring Jennifer Newstead as its general counsel Facebook shares rose slightly after the bell Monday after the social media giant said it is hiring Jennifer Newstead as its general counsel. Newstead, most recently the legal adviser to the U.S. State Department, is replacing Colin Stretch. Facebook also named […]

Apple Inc. (NASDAQ:AAPL) still has a hardware problem but investors don’t seem to care

Apple Inc. (NASDAQ:AAPL) still has a hardware problem but investors don’t seem to care

Apple Inc. (NASDAQ:AAPL) still has a hardware problem but investors don’t seem to care For a brief time late last year, it looked like the market was coming around to my long-held skepticism toward Apple (NASDAQ:AAPL). The shares fell sharply in the last three months of 2018. At the lows, AAPL stock had lost over one-third […]

United States Oil (USO) US crackdown on Iran exports

United States Oil (USO) US crackdown on Iran exports

United States Oil (USO) US crackdown on Iran exports US oil prices raced above US$65 (AUD$91) a barrel for the first time since October after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran’s oil exports to “zero” by removing the waivers that previously allowed some countries […]

Elon Musk said he is “very confident” Tesla, Inc. (NASDAQ:TSLA) would be able to offer robotaxis next year

Elon Musk said he is “very confident” Tesla, Inc. (NASDAQ:TSLA) would be able to offer robotaxis next year

Elon Musk said he is “very confident” Tesla, Inc. (NASDAQ:TSLA) would be able to offer robotaxis next year Tesla CEO Elon Musk said that the company should have robotaxis on the roads in 2020. “I feel very confident predicting autonomous robotaxis for Tesla next year,” Musk said on stage at the Tesla Autonomy Investor Day […]

Beijing-based Luckin Coffee coming to America

Beijing-based Luckin Coffee coming to America

Beijing-based Luckin Coffee coming to America Starbucks big rival in China just announced plans to go public in the United States.Beijing-based Luckin Coffee said in a filing Monday night that it wants to sell shares on the Nasdaq as part of its ambitious expansion plans.Despite being barely 18 months old, Luckin has opened more than 2,300 outlets […]

2019 Formula 1 Monaco Grand Prix Tickets on Sale Now

2019 Formula 1 Monaco Grand Prix Tickets on Sale Now

Everything you need to know about the 2019 Formula One Championship in one place, from the F1 schedule through to detailed driver and team lists. What an intriguing year we have ahead in the Formula One. The off-season has seen some major driver changes, some key new partnerships between teams and engine suppliers, and a […]

Azerai Resort Can Tho Opens Spacious New Luxury Villas

Azerai Resort Can Tho Opens Spacious New Luxury Villas

Azerai Resort Can Tho is raising the bar in luxury accommodation on Vietnam’s Mekong Delta with the opening of four new spacious villas that offer premium upgrade opportunities for privacy, comfort and personal service. The new 3-bedroom, 4-bedroom and 5-bedroom villas were built as a complement to the year-old resort’s 60 rooms, each of which […]

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development The revival of the Bandar Malaysia project, which came as a surprise to the market, sparked a fresh round of buying interest in construction and building materials stocks on Bursa Malaysia today. The construction index saw a jump of 16.52 points or 8.15% to 219.2 […]

Golfasian Globalizes Vietnam Golf Coast

Golfasian Globalizes Vietnam Golf Coast

Golfasian Globalizes Vietnam Golf Coast Destination marketing organization spearheaded by Laguna Golf Lang Co teams with awarded golf tour operator Golfasian LANG CO, Vietnam (April 18, 2019) – Asia’s leading golf tour company, Golfasian, has joined the push to promote Central Vietnam as one of the region’s foremost places for play. The Thailand and Vietnam-based […]

Fusion Expands Presence in Central Vietnam with Fusion Resort Quang Binh

Fusion Expands Presence in Central Vietnam with Fusion Resort Quang Binh

Fusion Expands Presence in Central Vietnam with Fusion Resort Quang Binh Fusion Resort Quang Binh is scheduled to open in the second quarter of 2020 HO CHI MINH CITY, Vietnam (April 9, 2019) – The wellness-inspired resort and hotel chain Fusion has announced this week that it will bring a Fusion to the oceanside of Bao […]

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X)

Mixed-to-Better News Can’t Save the Australian Dollar: USD/AUD (AUD=X) The Australian Dollar reacted to mixed economic news by posting a choppy, two-sided trade before setting lower for the week. The Aussie edged lower shortly after the Reserve Bank released the minutes of its April meeting that indicated a dovish tone in the policy review. The […]

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike

Silver 1 OZ 999 NY (XAG=X) increased demand for solar panels causes silver prices to spike Researchers from Kent Business School published a paper this week in the journal Environmental Science and Pollution Research where they state that increased demand for solar panels causes silver prices to spike. The researchers say that if silver prices go way too high, […]

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks China stocks fell from a 13-month high on Monday, posting their worst session in nearly four weeks, as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some […]

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day. It’s a quiet start to the week, with no Canadian events. In the U.S., there is only one release. Existing […]

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates Investors continue to cut their exposure to gold. Speculators switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Also, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, […]

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data

New Zealand Dollar: NZD/USD (NZD=X) Pressured by Weak CPI Data After opening the week steady, the New Zealand Dollar took a dive on Wednesday and never recovered, finishing near its low for the week. The catalyst behind the selling pressure was weaker-than-expected consumer inflation data. The bearish news was offset slightly and temporarily by positive […]

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s

Euro: USD/EUR (EUR=X) gains traction and advances to the mid-1.1200s The Euro pair may find some upward space on the back of downbeat expected US data and crude upsurge. Investors look forward to April 23 as the UK parliament will reopen after the Easter Recess. In the near term, the bears seemed to remain under […]

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on

Japanese Yen: USD/JPY (JPY=X) looks comfortable at its recent highs however and could well push on The Japanese Yen remains on the defensive against the US Dollar with USD/JPY still quite comfortable at two-month highs. Admittedly a bit of range trading has in the past few days replaced the more obvious uptrend on the daily chart. But long Easter holiday weekends […]

Twitter, Inc. (NYSE:TWTR) will report earnings this week

Twitter, Inc. (NYSE:TWTR) will report earnings this week

Twitter, Inc. (NYSE:TWTR) will report earnings this week Twitter will report earnings this week. The troubled social media company needs to show that it has restarted user growth and that it has become more of a mainstream advertising platform. Absent one of these shares are likely to sell off. The stock is up 14% in […]

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going The Pound-to-U.S. Dollar rate is trading at 1.2993 at the start of the new week, with holiday-thinned Monday trade ensuring currency markets are witnessing low volatility. The exchange rate is however still about a half a percent lower than where it was […]

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that […]

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC Oil prices rose early on Monday, with Brent hitting its highest level since November, driven up by a decline in U.S. drilling activity and ongoing supply cuts led by producer club OPEC. Brent crude futures were at a November 2018 high of $72.58 […]

Microsoft Corporation (NASDAQ:MSFT) Reports after the close, Thursday, Apr. 25

Microsoft Corporation (NASDAQ:MSFT) Reports after the close, Thursday, Apr. 25

Microsoft Corporation (NASDAQ:MSFT) Reports after the close, Thursday, Apr. 25 Wall Street expects Microsoft to earn $1.00 per share on revenue of $29.84 billion. This compares to the year-ago quarter when earning were 95 cents per share on $26.82 billion in revenue. What to watch: Shares of Microsoft have risen nearly 13% over the past […]

Amazon.com, Inc. (NASDAQ:AMZN) Reports after the close, Thursday, Apr. 25

Amazon.com, Inc. (NASDAQ:AMZN) Reports after the close, Thursday, Apr. 25

Amazon.com, Inc. (NASDAQ:AMZN) Reports after the close, Thursday, Apr. 25 Wall Street expects Amazon to earn $4.72 per share on revenue of $59.65 billion. This compares to the year-ago quarter when earnings came to $3.27 per share on revenue of $51.04 billion. What to watch: Is there such a thing as growth fatigue at Amazon? […]

NASDAQ Composite (.IXIC) focus is going to continue to be on earnings

NASDAQ Composite (.IXIC) focus is going to continue to be on earnings

NASDAQ Composite (.IXIC) focus is going to continue to be on earnings Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies. […]

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24 Wall Street expects Tesla to report a per-share loss of 69 cents on revenue of $5.33 billion. This compares to the year-ago quarter when the loss came to $3.35 per share on revenue of $3.41 billion. What to watch: Tesla stock has been under pressure […]

Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up

Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up

Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up In 2018, major technology companies began to seriously turn their attention to the cloud gaming industry. For example, in May last year, it became known that the company Electronic Arts (the largest distributor of video games in the US) bought a startup Gamefly, which just specializes […]

Facebook, Inc. (NASDAQ:FB) faces no existential threat under the current administration

Facebook, Inc. (NASDAQ:FB) faces no existential threat under the current administration

Facebook, Inc. (NASDAQ:FB) faces no existential threat under the current administration One company is having a hard time capturing U.S. regulators: Facebook. It’s the subject of federal criminal investigation in New York, and is reportedly facing a record multi-billion-dollar fine from the Federal Trade Commission for violating its users’ privacy. The latest: An NBC News […]

Shayne Heffernan on the Recession 2020

Shayne Heffernan on the Recession 2020

Shayne Heffernan on the Recession 2020 There has been much speculation recently in the press about the impending global crash and the inevitable fallout it will cause. The author analyses some of the reasons being given from some of the most well known economists around the world and has some more bad news for us […]

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite Share prices continued their downward momentum on Bursa Malaysia this morning with trading remaining lacklustre. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.48 points easier at 1,615.42, after opening 3.23 points weaker at 1,617.67. On the broader market, decliners outpaced gainers 200 to 112, […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears have the overall near-term technical advantage. A downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is pushing […]

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend. The 112.20-30 level is holding just as it did back in early March, yet at the same time the pair remains in an intact 4-week uptrend and the chart’s […]

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level

Euro: USD/EUR (EUR=X) push-lower re-testing the 1.1250 level Tomorrow marks Good Friday, meaning many western markets will remain closed, and Monday brings Easter and will see European markets remain on holiday. But ahead of the long weekend FX markets are showing as much excitement as they have so far in Q2, marked by a strong […]

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31

Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $15.31 May silver futures bears have the overall near-term technical advantage. Prices are in a seven-week-old downtrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the April high of $15.31 an ounce. The next […]

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity One positive is that at least the extension removes the threat of a no-deal scenario for the time being but until there is some longer-term clarity, I fear the Pound could struggle to make any significant impact against the greenback. […]

Toga Limited (OTC:TOGL) Outlook

Toga Limited (OTC:TOGL) Outlook

Toga Limited (OTC:TOGL) Outlook Overall, the bias in prices is: Sideways. The projected upper bound is: 0.95. The projected lower bound is: 0.76. The projected closing price is: 0.85. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and 6 black […]

Alphabet Inc. (NASDAQ:GOOG) expect the cheaper versions of Google’s Pixel 3 phones quite soon

Alphabet Inc. (NASDAQ:GOOG) expect the cheaper versions of Google’s Pixel 3 phones quite soon

Alphabet Inc. (NASDAQ:GOOG) expect the cheaper versions of Google’s Pixel 3 phones quite soon If Google’s own hint is anything to go by, we can expect the cheaper versions of Google’s Pixel 3 phones quite soon. There’s no guarantee, but May 7 appears to be the date Google will announce the “Pixel 3a,” as it’s […]

Ironclad Encryption Corporation (IRNC) Outlook

Ironclad Encryption Corporation (IRNC) Outlook

Ironclad Encryption Corporation (IRNC) Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.09. The projected lower bound is: 0.03. The projected closing price is: 0.06. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly […]

GEX Management, Inc. (OTC:GXXM) Outlook

GEX Management, Inc. (OTC:GXXM) Outlook

GEX Management, Inc. (OTC:GXXM) Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.01. The projected lower bound is: -0.01. The projected closing price is: 0.00. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Tianci International, Inc. (OTC:CIIT) Outlook

Tianci International, Inc. (OTC:CIIT) Outlook

Tianci International, Inc. (OTC:CIIT) Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1.67. The projected upper bound is: 3.26. The projected lower bound is: 1.84. The projected closing price is: 2.55. Candlesticks A black body […]

NASDAQ Composite (.IXIC) Rally Continues

NASDAQ Composite (.IXIC) Rally Continues

NASDAQ Composite (.IXIC) Rally Continues The Nasdaq Composite — one of the three major stock indexes of Wall Street — has been performing impressively so far in 2019. On Apr 16, the tech-laden index closed above 8,000 — a key technical threshold — for the first time after Oct 3, 2018. Positive news on the […]

Tesla, Inc. (NASDAQ:TSLA) is struggling in 2019

Tesla, Inc. (NASDAQ:TSLA) is struggling in 2019

Tesla, Inc. (NASDAQ:TSLA) is struggling in 2019 The glory days for Tesla (NASDAQ:TSLA) may be approaching an end. For the last few years, the company enjoyed strong sales with barely any advertising. The stock market and Tesla customers and adherents admired CEO Elon Musk for the advancements he brought to the electric vehicle market. That translated to […]

Dow Jones Industrial Average (.DJI) Falls As Medical Stocks Massacred

Dow Jones Industrial Average (.DJI) Falls As Medical Stocks Massacred

Dow Jones Industrial Average (.DJI) Falls As Medical Stocks Massacred A flat performance by the Dow Jones Industrial Average masked a real bloodletting in top stocks in the health care and pharmaceutical sectors. But stocks today also revealed some important sector rotation — the lifeblood of long-running bull markets. Thirteen of the day’s worst 14 industry groups […]

Hong Kong: HANG SENG INDEX (.HSI) investors watching the health of the Chinese economy

Hong Kong: HANG SENG INDEX (.HSI) investors watching the health of the Chinese economy

Hong Kong: HANG SENG INDEX (.HSI) investors watching the health of the Chinese economy Most Asian stock markets closed higher on Wednesday, following the release of better-than-expected economic numbers from China. Mainland Chinese shares were higher on the day. The Shanghai composite rose 0.29 percent to approximately 3,263.12 and the Shenzhen component added around 0.55 […]

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected

Australian Dollar: USD/AUD (AUD=X) advancing after a government report showed China’s economy grew more than expected The Australian Dollar is advancing on Wednesday after a government report showed China’s economy grew more than expected. The Aussie is benefitting because it often acts as a proxy for the Chinese economy. The news helped reverse some of […]

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk

Japanese Yen: USD/JPY (JPY=X) Upbeat China Data Support Treasury Yields, Appetite for Risk Helping to boost Treasury yields and demand for risky assets is the stronger-than-expected economic numbers from China. The data confirms the economy is bottoming out, mostly due to the stimulus from the Chinese economy. The headline data shows that China’s economy grew […]

Dow Jones Industrial Average (.DJI) Rallies to Six Month Highs

Dow Jones Industrial Average (.DJI) Rallies to Six Month Highs

Dow Jones Industrial Average (.DJI) Rallies to Six Month Highs It had been a rather sideways start to Q2 for the Dow Jones Industrial Average. Setbacks at Boeing have continued to constrain the blue-chip index, and while the S&P 500 continued to rally through the Q2 open, prices in the Dow snapped back last week to re-test […]

Singapore: STI Index (.STI) belief that consumer prices will rise by 3.1% over next 12 months

Singapore: STI Index (.STI) belief that consumer prices will rise by 3.1% over next 12 months

Singapore: STI Index (.STI) belief that consumer prices will rise by 3.1% over next 12 months Singaporeans expect consumer prices to remain stable in the year ahead, believing prices will rise by around 3.1 per cent over the next 12 months. This is a little over the 2.9 per cent expected inflation rate polled in […]

Facebook, Inc. (NASDAQ:FB) Earnings Season Is An Opportunity

Facebook, Inc. (NASDAQ:FB) Earnings Season Is An Opportunity

Facebook, Inc. (NASDAQ:FB) Earnings Season Is An Opportunity 2018 was a year that Facebook(NASDAQ: FB ) investors would like to forget. FB stock fell off a cliff following self inflicted wounds. And the negative headlines didn’t stop. All told, Facebook stock fell 45% from July highs to December lows. Luckily this year is a different story, FB […]

Apple Inc. (NASDAQ:AAPL) and mobile chip maker Qualcomm have settled a bitter financial dispute

Apple Inc. (NASDAQ:AAPL) and mobile chip maker Qualcomm have settled a bitter financial dispute

Apple Inc. (NASDAQ:AAPL) and mobile chip maker Qualcomm have settled a bitter financial dispute Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centered on some of the technology that enables iPhones to connect to the internet. News of the surprise truce Tuesday sent Qualcomm stock soaring more than 23 percent, to […]

Bitcoin: USD/BTC (BTC=X) Advances Past $5,200

Bitcoin: USD/BTC (BTC=X) Advances Past $5,200

Bitcoin: USD/BTC (BTC=X) Advances Past $5,200 At the time of writing Bitcoin is trading up 2.4% at its current price of $5,220, up from its 24-hour lows of $5,030. Early yesterday, Bitcoin incurred relatively large selling pressure that pushed its price from nearly $5,200 to nearly $5,000, which appeared to put Bitcoin’s position within the $5,000 region […]

Tesla, Inc. (NASDAQ:TSLA) Electric vehicles have a small but growing share of the auto market

Tesla, Inc. (NASDAQ:TSLA) Electric vehicles have a small but growing share of the auto market

Tesla, Inc. (NASDAQ:TSLA) Electric vehicles have a small but growing share of the auto market You’ve probably heard of the Nissan Leaf, Chevrolet Bolt and Tesla Model 3. And most car companies, if they are not selling an electric vehicle, are working on bringing one to market. But consumers in the market for new cars […]

United States Oil (USO) prices rises on signs of strong demand from refineries in China

United States Oil (USO) prices rises on signs of strong demand from refineries in China

United States Oil (USO) prices rises on signs of strong demand from refineries in China Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly. […]

Amazon.com, Inc. (NASDAQ:AMZN) revealed its plans to develop a satellite network

Amazon.com, Inc. (NASDAQ:AMZN) revealed its plans to develop a satellite network

Amazon.com, Inc. (NASDAQ:AMZN) revealed its plans to develop a satellite network Amazon is one of the most powerful companies in the world. It has millions of Prime subscribers, owns a fleet of aircraft, streams Emmy-winning shows, and hosts the world’s largest cloud storage platform. The growth of online giants like Amazon may be limited only […]

Twitter, Inc. (NYSE:TWTR) Looking beyond revenue growth

Twitter, Inc. (NYSE:TWTR) Looking beyond revenue growth

Twitter, Inc. (NYSE:TWTR) Looking beyond revenue growth Twitter ‘s (NYSE: TWTR )  declining revenue during a portion of 2017 is long forgotten now. Since returning to growth over a year ago, the social network’s top-line momentum has been not just solid, but downright impressive. The company’s revenue for the full year of 2018 was $3 billion, up from $2.4 billion […]

What Could Derail Alphabet Inc. (NASDAQ:GOOG) Stock?

What Could Derail Alphabet Inc. (NASDAQ:GOOG) Stock?

What Could Derail Alphabet Inc. (NASDAQ:GOOG) Stock? On Feb. 4, when Google came out with Q4 2018 earnings, it raised a few eyebrows as the company revealed declining advertising prices and rising costs. Investors are especially concerned that the group’s core advertising business is likely to be at a plateau. They are now watching Amazon’s increased […]

NASDAQ Composite (.IXIC) market is completely focused on earnings

NASDAQ Composite (.IXIC) market is completely focused on earnings

NASDAQ Composite (.IXIC) market is completely focused on earnings U.S. stocks closed higher Tuesday, with the Nasdaq finishing above 8,000 for the first time in six months, as investors parsed a fresh batch of corporate earnings for clues on the broader economy. What did major indexes do? The Dow Jones Industrial Average DJIA, +0.26% rose […]

Gold 1 OZ (XAU=X) Remains Under Pressure

Gold 1 OZ (XAU=X) Remains Under Pressure

Gold 1 OZ (XAU=X) Remains Under Pressure Gold is currently sitting on the important 61.8% Fibonacci retracement level of the April – August 2018 move at $1,287/oz. and may make another attempt at the recent lows. A quiet start to a holiday-shortened week in Europe saw gold fade lower and if gold closes below $1,287/oz. an […]

Silver 1 OZ 999 NY (XAG=X) market suggests that we are likely to continue to find buyers

Silver 1 OZ 999 NY (XAG=X) market suggests that we are likely to continue to find buyers

Silver 1 OZ 999 NY (XAG=X) market suggests that we are likely to continue to find buyers Silver markets drifted a bit lower during trading on Tuesday, reaching towards the bottom of the that is a good looking candle stick and it sits right on top of a previous cluster. The fact that we are already […]

Hong Kong: HANG SENG INDEX (.HSI) advancing led by a rally in Chinese markets

Hong Kong: HANG SENG INDEX (.HSI) advancing led by a rally in Chinese markets

Hong Kong: HANG SENG INDEX (.HSI) advancing led by a rally in Chinese markets World shares advanced Tuesday, led by a rally in Chinese markets. Upbeat home price data from China and encouraging talk from the White House on trade negotiations with Beijing appeared to help lift sentiment. Germany’s DAX surged 0.6% to 12,096.93 while […]

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400

Euro: USD/EUR (EUR=X) close above 1.1330 would suggest EUR is ready to tackle 1.1400 While we have expected EUR to “trade with an upside bias” for more than a week (see update on 04 Apr, spot at 1.1245), we were of the view that the “prospect for EUR to move to the next resistance at […]

Singapore: STI Index (.STI) Investors selling off blue chips, large-cap stocks ahead of earnings reports

Singapore: STI Index (.STI) Investors selling off blue chips, large-cap stocks ahead of earnings reports

Singapore: STI Index (.STI) Investors selling off blue chips, large-cap stocks ahead of earnings reports Local shares took their cue from a positive session on Wall Street last Friday but pessimism eventually took hold to send the market lower yesterday. There were mixed messages across the region: Japan and South Korea posted strong gains, while […]

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach

Japanese Yen: USD/JPY (JPY=X) is expected to trade with a positive bias but 112.60 could be out of reach The ‘sideway-trading phase’ in USD that started in late March has ended as it hit a high of 112.09 last Friday before closing at a 4-month high of 112.02. The price action suggests the current USD […]

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210

Australian Dollar: USD/AUD (AUD=X) strength could extend to 0.7210 We highlighted last Thursday (11 Apr, spot at 0.7170) that a “break of 0.7190 would suggest AUD is ready to tackle the Feb’s peak of 0.7210”. AUD opened on a weak note on Friday (12 Apr) before staging a robust rally that hit a high of […]

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range No change in view from last Friday, see reproduced update below. There is not much to add as GBP traded within a relatively narrow range between 1.3050 and 1.3107 and registered an ‘inside trading day’. We have held the same view more […]

Australia: S&P/ASX 200 (.AXJO) failing to push on past its previous significant high

Australia: S&P/ASX 200 (.AXJO) failing to push on past its previous significant high

Australia: S&P/ASX 200 (.AXJO) failing to push on past its previous significant high ASX bulls will probably still have cause to hope as long as the current broad range holds up through earnings season. However, a break through it will put focus on deeper falls, perhaps toward the 6064.7 mark. That is still only be […]

Amazon.com, Inc. (NASDAQ:AMZN) in talks to launch ad-supported music offering

Amazon.com, Inc. (NASDAQ:AMZN) in talks to launch ad-supported music offering

Amazon.com, Inc. (NASDAQ:AMZN) in talks to launch ad-supported music offering Shares of Spotify Technology SA fell 4 percent on Monday after a report said Amazon.com Inc was in talks to launch a free ad-supported music service, which is expected to intensify competition for the music streaming leader. Amazon would market the free music service through […]

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global […]

Bitcoin: USD/BTC (BTC=X) Continues to Find Support in Low-$5,000 Region

Bitcoin: USD/BTC (BTC=X) Continues to Find Support in Low-$5,000 Region

Bitcoin: USD/BTC (BTC=X) Continues to Find Support in Low-$5,000 Region After picking up some steam this past Sunday, Bitcoin was able to approach the $5,200 level before dropping slightly. Although the previous drop – which sent BTC reeling back towards the lower-$5,000 region last week – seemed to mark the end of the surge, it […]

Facebook, Inc. (NASDAQ:FB) The “one share, one vote” issue will be voted on at Facebook’s upcoming shareholder meeting on May 30

Facebook, Inc. (NASDAQ:FB) The “one share, one vote” issue will be voted on at Facebook’s upcoming shareholder meeting on May 30

Facebook, Inc. (NASDAQ:FB) The “one share, one vote” issue will be voted on at Facebook’s upcoming shareholder meeting on May 30 Facebook (FB shareholders want some of CEO and chairman Mark Zuckerberg’s power. In a proxy filing on Friday, shareholders proposed that Facebook’s dual-class system be phased out and replaced with a “one share one […]

Dow Jones Industrial Average (.DJI) quietly lower as corporate earnings continued to set the pace

Dow Jones Industrial Average (.DJI) quietly lower as corporate earnings continued to set the pace

Dow Jones Industrial Average (.DJI) quietly lower as corporate earnings continued to set the pace The stock market was quietly lower, as corporate earnings continued to set the pace. The Dow Jones industrials lost less than 50 points in today’s stock market, weighed down by Dow Jones stock Goldman Sachs (GS). Chinese stock leader Alibaba […]

Alphabet Inc. (NASDAQ:GOOG) having an iPhone doesn’t stop Google handing over your data

Alphabet Inc. (NASDAQ:GOOG) having an iPhone doesn’t stop Google handing over your data

Alphabet Inc. (NASDAQ:GOOG) having an iPhone doesn’t stop Google handing over your data A New York Times investigation into how Google furnishes law enforcement with phone data exposed one crucial detail – having an iPhone doesn’t stop Google handing over your data. The in-depth investigation by the Times revealed many details about how Google uses its […]

Tesla, Inc. (NASDAQ:TSLA) stock falling after CEO Elon Musk commented on production estimates again

Tesla, Inc. (NASDAQ:TSLA) stock falling after CEO Elon Musk commented on production estimates again

Tesla, Inc. (NASDAQ:TSLA) stock falling after CEO Elon Musk commented on production estimates again Just two months after he tweeted a production figure forecast, Tesla’s chief executive has done it again just days after he had to appear in court because the Securities and Exchange Commission accused him of violating an agreement to first ask […]

Alibaba Group Holding Limited (NYSE:BABA) setting up for a period of out-performance on the price chart backed by solid fundamentals, market position and enviable growth

Alibaba Group Holding Limited (NYSE:BABA) setting up for a period of out-performance on the price chart backed by solid fundamentals, market position and enviable growth

Alibaba Group Holding Limited (NYSE:BABA) setting up for a period of out-performance on the price chart backed by solid fundamentals, market position and enviable growth It’s been a solid 2019 for BABA stock with shares adding about 38% since the start of the year. Still, relative to Invesco China Technology ETF (NYSEARCA:CQQQ) and iShares China […]

Apple Inc. (NASDAQ:AAPL) is reportedly willing to spend $US500 million or more on Apple Arcade

Apple Inc. (NASDAQ:AAPL) is reportedly willing to spend $US500 million or more on Apple Arcade

Apple Inc. (NASDAQ:AAPL) is reportedly willing to spend $US500 million or more on Apple Arcade Apple may be willing to spend more than half a billion dollars to secure a successful launch for Apple Arcade, its upcoming video game subscription service, according to a new report from the Financial Times. Apple Arcade was unveiled last […]

NASDAQ Composite (.IXIC) suffered today, kicking off the holiday-shortened week on a negative note

NASDAQ Composite (.IXIC) suffered today, kicking off the holiday-shortened week on a negative note

NASDAQ Composite (.IXIC) suffered today, kicking off the holiday-shortened week on a negative note U.S. markets suffered today, kicking off the holiday-shortened week on a negative note. The Dow and S&P 500 closed lower on the back of disappointing big bank earnings from the likes of Goldman Sachs ( GS ) and Citigroup ( C […]

Singapore: STI Index (.STI) stocks closed lower

Singapore: STI Index (.STI) stocks closed lower

Singapore: STI Index (.STI) stocks closed lower Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.18 percent, or 6.12 points, to close at 3,325.86. A total of 1.19 billion shares changed hands with a turnover of 858.57 million Singapore dollars (about 634.94 million U.S. dollars). Gainers outnumbered losers […]

Silver 1 OZ 999 NY (XAG=X) continue to suffer from a lack of turbulence on the geopolitical front

Silver 1 OZ 999 NY (XAG=X) continue to suffer from a lack of turbulence on the geopolitical front

Silver 1 OZ 999 NY (XAG=X) continue to suffer from a lack of turbulence on the geopolitical front Gold and silver prices are moderately lower in early U.S. trading Monday. The safe-haven metals continue to suffer from a lack of turbulence on the geopolitical front that would provide some demand for them. June gold futures were last down […]

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains The FBM KLCI finished 1.16 points or 0.07% higher today, taking cue from US share gains on Friday at Wall Street. At 5pm today, the KLCI settled at 1,631.33 after rising to its intraday high at 1,638.87. In the US on Friday, the […]

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend

Japanese Yen: USD/JPY (JPY=X) is back within its old uptrend The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis. Between April 7 and 10 the pair retreated below the uptrend channel which had previously […]

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week

Euro: USD/EUR (EUR=X) steady after positive week EUR/USD has started the week with small gains. Currently, the pair is trading at 1.1310, up 0.10% on the day. Last week, the pair climbed 0.7%, its best week since mid-March. It’s quiet on the fundamentals front, with no major events out of the eurozone. In the U.S., […]

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning Large speculators upped their bullish positioning in gold futures – although likely only temporarily — during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. However, these accounts may well have cut their bullish posture since then, as gold prices […]

Hong Kong: HANG SENG INDEX (.HSI) struggle as growth worries overshawow trade-deal hopes

Hong Kong: HANG SENG INDEX (.HSI) struggle as growth worries overshawow trade-deal hopes

Hong Kong: HANG SENG INDEX (.HSI) struggle as growth worries overshawow trade-deal hopes Asian market finished mixed Monday as hopes over a trade deal mixed with worries about global growth. The Shanghai Composite index SHCOMP, -0.34% closed down 0.3%. Japan’s Nikkei 225 index NIK, +1.37% jumped 1.4% and the Kospi in South Korea SEU, +0.42% […]

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground

Australia: S&P/ASX 200 (.AXJO) unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground Australian shares steadied at the start of a holiday-shortened week, with the benchmark unable to join in with a pan-Asia rally as gold miners weighed and several fund managers lost ground. The S&P/ASX […]

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish

Australian Dollar: USD/AUD (AUD=X) market continues to look bullish The Australian dollar did very little during the day on Monday, but that’s not a huge surprise considering how bullish the move on Friday was. Overall, the market continues to look bullish in general, but we should also keep in mind that there are external factors […]

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL)

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL)

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL) Heffx has maintained its ‘Hold’ rating on Public Bank Bhd, but with a lower Gordon Growth Model-based target price of RM24.40 (from RM26.50), based on 2.15 times 2019 price-to-book. In a research note last Friday, the research house said it is not amply attractive to warrant […]

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth The positive sentiment would get boosted by finance ministers of G20 promising to get the act together to revive growth, that has been slowing globally. Plus the earning season has started on a […]

Facebook, Inc. (NASDAQ:FB) investors are trying to oust Mark Zuckerberg as chairman

Facebook, Inc. (NASDAQ:FB) investors are trying to oust Mark Zuckerberg as chairman

Facebook, Inc. (NASDAQ:FB) investors are trying to oust Mark Zuckerberg as chairman Facebook investors are trying to oust Mark Zuckerberg as chairman and also rid themselves of the company’s share structure.  In a Securities and Exchange Commission filing from Friday, the company listed the various proposals that will be tabled during the May 30th annual shareholding meeting. […]

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction U.S West Texas Intermediate and international-benchmark Brent crude oil futures settled higher last week, but the limited trading range suggests the buying may be slowing. Early in the week, prices rose to their highest levels since November, driven by turmoil in Libya along with ongoing production […]

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