Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy

Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy

Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, […]

Singapore: STI Index (.STI) economy is expected to grow 0.7 percent this year

Singapore: STI Index (.STI) economy is expected to grow 0.7 percent this year

Singapore: STI Index (.STI) economy is expected to grow 0.7 percent this year The Singapore economy is expected to grow 0.7 percent this year, up from 0.6 percent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore (MAS) released December 11. The Singapore economy expanded […]

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold

Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold The Australian share market is expected to open lower this morning despite some modest gains on Wall Street overnight after the US central bank kept interest rates unchanged. The SPI200 futures contract was down 29 points, or 0.4 per cent, at 6722 at about […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]

Silver 1 OZ 999 NY (XAG=X) Investors Brace for Soft CPI

Silver 1 OZ 999 NY (XAG=X) Investors Brace for Soft CPI

Silver 1 OZ 999 NY (XAG=X) Investors Brace for Soft CPI The U.S. releases key consumer data for November this week. On Wednesday, we’ll get a look at consumer inflation, followed by retail sales reports on Friday. Inflation levels remain low, with the headline and core releases both expected to post a modest gain of […]

Trump Blocked $10 Billion Pentagon Contract Over “Animosity”, Says Amazon.com, Inc. (NASDAQ:AMZN)

Trump Blocked $10 Billion Pentagon Contract Over “Animosity”, Says Amazon.com, Inc. (NASDAQ:AMZN)

Trump Blocked $10 Billion Pentagon Contract Over “Animosity”, Says Amazon.com, Inc. (NASDAQ:AMZN) The e-commerce giant’s protest of the $10 billion, 10-year contract alleges that Trump’s stated efforts to “screw Amazon” led the agency to opt for a proposal from Microsoft with “clear failures.” President Trump’s “repeated public and behind-the-scenes attacks” against Amazon led the Pentagon […]

Tesla, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings

Tesla, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings

Tesla, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings Tesla stock (NASDAQ:TSLA) is showing some strength on Tuesday amid reports hinting that deliveries of the Made-in-China Model 3 may be starting sooner than expected. Apart from this, interest in the Tesla Cybertruck remains high weeks after the vehicle’s unveiling, thanks to […]

Can Bitcoin: USD/BTC (BTC=X) really hit $100k? If so, then when?

Can Bitcoin: USD/BTC (BTC=X) really hit $100k? If so, then when?

Can Bitcoin: USD/BTC (BTC=X) really hit $100k? If so, then when? The Next Bitcoin Halvening There’s a clause in the monetary policy of Bitcoin which states that every four years (roughly), the rewards for mining new bitcoins is cut in half. Today miners earn an average of 1800 Bitcoins per day now, which will be […]

Dow Jones Industrial Average (.DJI) close broadly lower on Wall Street; trade in focus

Dow Jones Industrial Average (.DJI) close broadly lower on Wall Street; trade in focus

Dow Jones Industrial Average (.DJI) close broadly lower on Wall Street; trade in focus Stocks closed modestly lower on Wall Street Monday as losses in technology, health care and financial companies outweighed gains elsewhere in the market. The selling snapped a three-day winning streak for the S&P 500 and wiped out the index’s 0.2% gain […]

Alphabet Inc. (NASDAQ:GOOG) acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data

Alphabet Inc. (NASDAQ:GOOG) acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data

Alphabet Inc. (NASDAQ:GOOG) acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data Google’s acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data, amid government scrutiny over its already-broad access to a range of private data on its […]

Ethereum: USD/ETH (ETH=) Is At Major Crossroads

Ethereum: USD/ETH (ETH=) Is At Major Crossroads

Ethereum: USD/ETH (ETH=) Is At Major Crossroads After a fresh decline, Ethereum price found support near the $143 level against the US Dollar. ETH traded as low as $143.21 and later corrected above the $150 level and the 55 simple moving average (4-hours). Besides, there was a break above the 50% Fib retracement level of […]

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020?

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020?

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020? Apple CEO Tim Cook shocked investors on January 2 by warning of slowing iPhone sales in China. Apple’s stock plunged 10% the next day, dragging down the entire market along with it. But it’s been all good news for the company […]

NASDAQ Composite (.IXIC) could be in for another huge run in 2020

NASDAQ Composite (.IXIC) could be in for another huge run in 2020

NASDAQ Composite (.IXIC) could be in for another huge run in 2020 Stocks kicked off the month of December with a losing streak, but despite the bumpy start — the Dow Jones Industrial Average shed more than 500 points in the first two trading days of the month — 2020 could be another big year […]

Unexpected increase in US stocks puts United States Oil (USO) under pressure

Unexpected increase in US stocks puts United States Oil (USO) under pressure

Unexpected increase in US stocks puts United States Oil (USO) under pressure Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the US and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday. Brent futures […]

Facebook, Inc. (NASDAQ:FB) regulators put the social media company in the crosshairs of antitrust investigations

Facebook, Inc. (NASDAQ:FB) regulators put the social media company in the crosshairs of antitrust investigations

Facebook, Inc. (NASDAQ:FB) regulators put the social media company in the crosshairs of antitrust investigations Facebook saw its ranking on Glassdoor’s list of the “Best Places to Work” list slide for a second year in a row, tumbling 16 spots to 23rd. Its desirability ranking dropped from 4.5 to 4.4 out of a perfect 5 […]

Canadian Dollar: USD/CAD (CAD=X) Dips on Soft Job Numbers

Canadian Dollar: USD/CAD (CAD=X) Dips on Soft Job Numbers

Canadian Dollar: USD/CAD (CAD=X) Dips on Soft Job Numbers Last week was busy for the Canadian dollar. The currency dropped below 1.32 and touched a 1-month high on Thursday, but reversed directions on Friday and lost ground. USD/CAD took advantage as Canadian employment numbers sagged, while U.S. nonfarm payrolls were much stronger than expected. In […]

British Pound: USD/GBP (GBP=X) Continues To Power Higher

British Pound: USD/GBP (GBP=X) Continues To Power Higher

British Pound: USD/GBP (GBP=X) Continues To Power Higher The British pound rallied a bit during the trading session on Tuesday, as we continue to see traders get on the right side of the potential election result in the United Kingdom, as the Tories are likely to have control of Parliament. If they do, then it’s […]

Silver 1 OZ 999 NY (XAG=X) Investors are keeping a close eye on the Federal Reserve

Silver 1 OZ 999 NY (XAG=X) Investors are keeping a close eye on the Federal Reserve

Silver 1 OZ 999 NY (XAG=X) Investors are keeping a close eye on the Federal Reserve Silver prices are almost unchanged for a second straight day. In the European session, silver is trading at $16.63, up $0.04 or 0.26% on the day. After a sharp drop on Friday, silver has settled down this week. The metal […]

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks Hong Kong stocks went into the break with small losses on Tuesday as investors kept a nervous eye on the progress of China-US trade talks with a tariffs deadline just days away. The Hang Seng index dipped […]

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets

Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets Gold futures are edging higher on Tuesday, boosted by lower demand for risky assets. Treasury yields are also trading lower which is pushing down the U.S. Dollar, driving up demand for dollar-denominated gold. Worries over the looming U.S. tariffs on Chinese […]

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes Australia’s benchmark ASX 200 stock index has tracked higher alongside an upshift in priced-in 2020 Fed policy expectations for over three months. The move echoes similar dynamics across most major risk-on assets, reflecting growing hopes for a US-China trade deal and the […]

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430

Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430 The Dollar/Yen is inching higher early Tuesday as it continues to hover just above last week’s low at 108.430. Although the Forex pair is attempting to establish a support base, the lack of follow-through to the upside suggests investors are still […]

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794

Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794 The Australian Dollar is edging lower early Tuesday as traders react to an unexpected jump in Chinese consumer inflation and the lack of fresh news over U.S.-China trade relations as another round of tariffs by the United States on Chinese […]

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility

Euro: USD/EUR (EUR=X) might see a notable pickup in volatility After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. From a political standpoint, there are two major drivers for the markets this week. […]

Facebook, Inc. (NASDAQ:FB) Market Value Plunges a Record $119 Billion

Facebook, Inc. (NASDAQ:FB) Market Value Plunges a Record $119 Billion

Facebook, Inc. (NASDAQ:FB) Market Value Plunges a Record $119 Billion Facebook faced a day of reckoning Thursday as its shares plunged in the biggest one-day drop in stock-market history. The 19 percent drop vaporized $119 billion of the company’s stock-market value; CEO Mark Zuckerberg saw his net worth fall by roughly $16 billion as a […]

NASDAQ Composite (.IXIC) falls as Apple, health shares drag

NASDAQ Composite (.IXIC) falls as Apple, health shares drag

NASDAQ Composite (.IXIC) falls as Apple, health shares drag US stocks pulled back on Monday from near-record levels, as Apple and healthcare shares fell and investors braced for a busy week of political and economic news, including a potential turning point in the US-China trade dispute. Wall Street is focused on December 15, when the […]

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020?

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020?

Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020? Apple CEO Tim Cook shocked investors on January 2 by warning of slowing iPhone sales in China. Apple’s stock plunged 10% the next day, dragging down the entire market along with it. But it’s been all good news for the company […]

Bitcoin: USD/BTC (BTC=X) wild price swings subsiding

Bitcoin: USD/BTC (BTC=X) wild price swings subsiding

Bitcoin: USD/BTC (BTC=X) wild price swings subsiding With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout. Bitcoin’s price has stabilized above its support level of the initial gap created on May 10, potentially marking a bottom for the largest cryptocurrency around $6,500. However, the […]

Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board

Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board

Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board Google parent Alphabet Inc. (GOOG, GOOGL) Monday appointed Noble prize winner Frances Arnold to its Board of Directors. Arnold is the Linus Pauling Professor of Chemical Engineering, Bioengineering and Biochemistry and the Director of the Donna and Benjamin M. Rosen Bioengineering Center at the California […]

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market U.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China’s economy, highlighting worries about a global economic recession. Health-care shares, meanwhile, also weighed on the broader market, […]

Ethereum: USD/ETH (ETH=) Approaching Next Key Break

Ethereum: USD/ETH (ETH=) Approaching Next Key Break

Ethereum: USD/ETH (ETH=) Approaching Next Key Break After a major drop in Ethereum, the $132 level acted as a decent support against the US Dollar. ETH traded as low as $132.10 and recently started an upside correction above the $140 zone. Moreover, there was a break above the $150 level and the price spiked above […]

Will Twitter, Inc. (NYSE:TWTR) Ever Pay A Dividend?

Will Twitter, Inc. (NYSE:TWTR) Ever Pay A Dividend?

Will Twitter, Inc. (NYSE:TWTR) Ever Pay A Dividend? Since its IPO in late 2013, Twitter (TWTR) has pronouncedly underperformed the market. During this period, the stock has slumped 29% whereas the S&P 500 Index has rallied 75%. Twitter has been one of the more disappointing stocks in the S&P 500 Index since it went public. […]

Here’s How Tesla, Inc. (NASDAQ:TSLA) Stock Could Hit $500

Here’s How Tesla, Inc. (NASDAQ:TSLA) Stock Could Hit $500

Here’s How Tesla, Inc. (NASDAQ:TSLA) Stock Could Hit $500 Tesla’s (NASDAQ: TSLA) stock could surge as much as 50% from current prices, according to Morgan Stanley.  Analysts at the investment firm say that the electric-vehicle maker’s new Cybertruck could be a bigger success than many investors currently expect. They posit that Tesla could sell as […]

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market

United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in […]

Hong Kong: HANG SENG INDEX (.HSI) gives up early gains despite Wall Street rally

Hong Kong: HANG SENG INDEX (.HSI) gives up early gains despite Wall Street rally

Hong Kong: HANG SENG INDEX (.HSI) gives up early gains despite Wall Street rally Hong Kong shares were flat at the midday break after an early boost as a strong US jobs report was offset by a weekend report which showed Chinese exports fell sharply. The Hang Seng index was just over six points up, […]

FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline

FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline

FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline The local equities market turned to consolidation on Monday as a positive US jobs data report over the weekend failed to inspire optimism in the global economy as the deadline for fresh US tariffs on Chinese imports loomed. Washington and […]

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross

Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross Bitcoin’s longer duration chart is flashing a specific bull market signal for the first time in over three years.  On the weekly chart, the cryptocurrency’s 50-period moving average (MA) has crossed above the 100-period moving average, confirming what is popularly known as a “golden […]

Shanghai: SSE Composite Index (.SSEC) stocks see-saw as trade deal uncertainties cloud market outlook

Shanghai: SSE Composite Index (.SSEC) stocks see-saw as trade deal uncertainties cloud market outlook

Shanghai: SSE Composite Index (.SSEC) stocks see-saw as trade deal uncertainties cloud market outlook Hong Kong and China stocks swung between gains and losses before ending little changed on Monday, as traders remained cautious amid uncertainties surrounding an initial trade deal between the United States and China. The Hang Seng Index shed 0.01 per cent, […]

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action

Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action The Dollar/Yen finished lower last week, posting a potentially bearish closing price reversal top in the process. Most of the damage took place on December 2 and December 3. The Dollar/Yen hit a six-month high on Monday after an […]

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries London’s exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps. The blue-chip index was […]

Canadian Dollar: USD/CAD (CAD=X) Sunk by Jobs Data

Canadian Dollar: USD/CAD (CAD=X) Sunk by Jobs Data

Canadian Dollar: USD/CAD (CAD=X) Sunk by Jobs Data The Canadian dollar was torpedoed on Friday. A surprisingly robust U.S. non-farm payrolls report combined with an extremely poor Canadian Labour Force survey blew the Canadian dollar out of the water. USD/CAD soared to $1.3267 from $1.3170 in a heartbeat. Canada lost 71,200 jobs in November. Even […]

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech The Australian share market is expected to open higher after a positive lead from Wall Street at the end of last week. The SPI200 futures contract was up 35.0 points, or 0.52 per cent, at 6,738 at 8am Sydney time, suggesting a bounce […]

Singapore: STI Index (.STI) expected to fall at open

Singapore: STI Index (.STI) expected to fall at open

Singapore: STI Index (.STI) expected to fall at open Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.47 percent, or 14.89 points, to close at 3,179.82. A total of 965.37 million shares changed hands with a turnover of 906.24 million Singapore dollars (about 666.35 million U.S. dollars). Losers […]

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China A Busy Week Ahead After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. […]

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down The main trend is up according to the daily swing chart. However, momentum has been trending lower since the formation of the closing price reversal top on December 4 at $1489.90. A trade through $1456.60 will change the main trend […]

Silver 1 OZ 999 NY (XAG=X) Solid Nonfarm Payrolls Boost Risk Appetite

Silver 1 OZ 999 NY (XAG=X) Solid Nonfarm Payrolls Boost Risk Appetite

Silver 1 OZ 999 NY (XAG=X) Solid Nonfarm Payrolls Boost Risk Appetite An excellent U.S. nonfarm payrolls report on Friday triggered a sharp drop of 2.3% in silver prices. The economy added a whopping 266 thousand jobs in November, crushing the estimate of 181 thousand. As well, the 3-month average payroll number increased from 189K to 205K. […]

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound With the election now only a few days away, volatility stands to rise for the pound to dollar exchange rate. Thursday’s election will ultimately determine how things will evolve with Brexit. UK PM Boris Johnson wants to push through the already negotiated deal […]

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington […]

NASDAQ Composite (.IXIC) is back within reach of record highs

NASDAQ Composite (.IXIC) is back within reach of record highs

NASDAQ Composite (.IXIC) is back within reach of record highs The Nasdaq 100 brushed off trade concerns last week as robust employment data and strong consumer confidence helped to drive the tech-heavy index back near record levels. While the data helped to ward off concerns last week, time ahead of the December 15 tariff deadline […]

Apple Inc. (NASDAQ:AAPL) soars to all-time high after top analyst suggests ‘completely wireless’ iPhone could arrive by 2021

Apple Inc. (NASDAQ:AAPL) soars to all-time high after top analyst suggests ‘completely wireless’ iPhone could arrive by 2021

Apple Inc. (NASDAQ:AAPL) soars to all-time high after top analyst suggests ‘completely wireless’ iPhone could arrive by 2021 Apple soared to an all-time high Friday, jumping as much as 1.5% following reports detailing its upcoming iPhone lineup. The company may release a new, high-tier iPhone without a Lightning port and a “completely wireless experience” as […]

Facebook, Inc. (NASDAQ:FB) Copying Alphabet’s “Other Bets” Strategy

Facebook, Inc. (NASDAQ:FB) Copying Alphabet’s “Other Bets” Strategy

Facebook, Inc. (NASDAQ:FB) Copying Alphabet’s “Other Bets” Strategy Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) restructured the company several years ago to separate its early stage businesses and moonshot investments — or “other bets” — from its well-established Google operations. It still makes practically all of its revenue and profits from Google’s advertising business. Similarly, Facebook (NASDAQ: […]

Tesla, Inc. (NASDAQ:TSLA) Elon Musk cleared of defamation in ‘pedo guy’ tweet trial

Tesla, Inc. (NASDAQ:TSLA) Elon Musk cleared of defamation in ‘pedo guy’ tweet trial

Tesla, Inc. (NASDAQ:TSLA) Elon Musk cleared of defamation in ‘pedo guy’ tweet trial It took less than an hour for an eight-person jury in Los Angeles federal court to reject Unsworth’s claim after a four-day trial. Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when […]

Asian markets rise as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report

Asian markets rise as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report

Asian markets rise as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report Asian markets mostly rose Monday as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report, while there was little inspiration from tepid Chinese trade data. While observers widely […]

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs

United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in New York edged lower after climbing 1.3% Friday […]

Bitcoin: USD/BTC (BTC=X) Greater volatility isn’t attracting liquidity providers

Bitcoin: USD/BTC (BTC=X) Greater volatility isn’t attracting liquidity providers

Bitcoin: USD/BTC (BTC=X) Greater volatility isn’t attracting liquidity providers As the chart above shows, BTC/USD bid-ask spreads tend to widen in periods of high volatility. That’s normal, as market makers seek to profit from investors’ fear and greed. Compared with the second half of 2018, this year has been bumpy for bitcoin: the 30-day volatility […]

Dow Jones Industrial Average (.DJI) record high looms

Dow Jones Industrial Average (.DJI) record high looms

Dow Jones Industrial Average (.DJI) record high looms Since the Dow Jones bounced from trendline support, the index has seen somewhat of an impressive recovery, paring roughly 76.4% of the early week pullback with latest uptick stemming from the strong NFP report. Consequently, the index looks primed for another retest of the record high as […]

Bitcoin: USD/BTC (BTC=X) Faces Resistance Above $7,400 and Holds Bearishness

Bitcoin: USD/BTC (BTC=X) Faces Resistance Above $7,400 and Holds Bearishness

Bitcoin: USD/BTC (BTC=X) Faces Resistance Above $7,400 and Holds Bearishness The journey of Bitcoin through this year 2019 has been extremely volatile; the coin started at $3,000 and reached a high of $13,800. Bitcoin’s price seems to be stuck in the $7,000 range for more than two weeks and the pattern formed since then has […]

Hong Kong: HANG SENG INDEX (.HSI) The Future of the Trade Deal

Hong Kong: HANG SENG INDEX (.HSI) The Future of the Trade Deal

Hong Kong: HANG SENG INDEX (.HSI) The Future of the Trade Deal Sometimes, investors get too excited about a future event. They price in too much extra value before a big announcement. This is a common problem during earnings season. It’s one of the reasons stocks are much more likely to move more than 10% […]

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen

Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen The US dollar has initially fallen during the trading session on Friday, to reach down toward support again near the ¥108.50 level. We have since bounced after the stronger than anticipated jobs number, and therefore it looks as if the markets are ready to form the […]

Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative Gold prices dropped on Friday in the wake of a stronger than expected US jobs report. Both non-farm payrolls and the unemployment rate beat expectations, while consumer sentiment came in stronger than expected. US yields moved higher following the solid jobs number, and the dollar […]

Canadian Dollar: USD/CAD (CAD=X) remains largely flat at the start of the week as UK manufacturing data disappointed

Canadian Dollar: USD/CAD (CAD=X) remains largely flat at the start of the week as UK manufacturing data disappointed

Canadian Dollar: USD/CAD (CAD=X) remains largely flat at the start of the week as UK manufacturing data disappointed However, on Tuesday the pairing edged up after further PMI data showed the construction sector saw the slowest decline in output since July. Meanwhile, oil prices edged up in the hopes OPEC and allies would agree to […]

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week Australia’s share market is set for a positive start to the week, getting a bounce from strong US jobs data. It comes after a rally on Wall Street and European markets in response to stronger than expected American payroll numbers and falling […]

DAX PERFORMANCE-INDEX (.GDAXI) investors look to a central bank decision

DAX PERFORMANCE-INDEX (.GDAXI) investors look to a central bank decision

DAX PERFORMANCE-INDEX (.GDAXI) investors look to a central bank decision The DAX 30 will look to a central bank decision of its own next week, in an event that will likely stir volatility in all European equities. Trade headlines and the tone of the Federal Reserve will also play a role in the outlooks of […]

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level

Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a bit of consolidation near the 0.6850 level. Remember, the Australian dollar is highly sensitive to the US/China trade situation, and it […]

British Pound: USD/GBP (GBP=X) possibility of going much higher

British Pound: USD/GBP (GBP=X) possibility of going much higher

British Pound: USD/GBP (GBP=X) possibility of going much higher The British pound has rallied significantly during the week, breaking above the 1.30 level. This level is not only psychologically important due to the fact that it is a large, round, big figure, but it’s also the top of the bullish flag that we had seen […]

FTSE Bursa Malaysia KLCI (.KLSE) to trade in cautious mode this week

FTSE Bursa Malaysia KLCI (.KLSE) to trade in cautious mode this week

FTSE Bursa Malaysia KLCI (.KLSE) to trade in cautious mode this week Bursa Malaysia is likely to continue trading in cautious mode next week as market sentiment will be influenced by the ongoing negotiations in the US-China trade deal. MIDF Research head of research Mohd Redza Abdul Rahman said the key FTSE Bursa Malaysia KLCI […]

Silver 1 OZ 999 NY (XAG=X) looks like it’s in serious trouble and is going to be approaching the 61.8% Fibonacci retracement level

Silver 1 OZ 999 NY (XAG=X)  looks like it’s in serious trouble and is going to be approaching the 61.8% Fibonacci retracement level

Silver 1 OZ 999 NY (XAG=X) looks like it’s in serious trouble and is going to be approaching the 61.8% Fibonacci retracement level Silver markets initially tried to rally during the week, reaching towards the bottom of the weekly trend line that had previously been holding this market up. At this point, the market has […]

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut

United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March. Brent futures were down 21 cents, […]

Apple Inc. (NASDAQ:AAPL) price target was raised to $300 from $250

Apple Inc. (NASDAQ:AAPL) price target was raised to $300 from $250

Apple Inc. (NASDAQ:AAPL) price target was raised to $300 from $250 Apple’s price target was raised to $300 from $250 at Citi, which reiterated its buy rating on the iPhone maker and forecast strong results in the company’s holiday quarter. Analyst Jim Suva cited the company’s “pricing strategies and recent demand trends” as factors that […]

Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15%

Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15%

Facebook, Inc. (NASDAQ:FB) outpaced the S&P 500’s daily gain of 0.15% In the latest trading session, Facebook (FB) closed at $199.36, marking a +0.33% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.15%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.05%. Coming into today, […]

Dow Jones Industrial Average (.DJI) flat despite losses in shares of 3M, Cisco

Dow Jones Industrial Average (.DJI) flat despite losses in shares of 3M, Cisco

Dow Jones Industrial Average (.DJI) flat despite losses in shares of 3M, Cisco The Dow Jones Industrial Average is falling Thursday afternoon with shares of 3M and Cisco facing the biggest setback for the index. The Dow DJIA, +0.10% was most recently trading 5 points, or 0.0%, lower, as shares of 3M MMM, -1.66% and […]

Bitcoin: USD/BTC (BTC=X) money laundering is a classically stupid crime

Bitcoin: USD/BTC (BTC=X) money laundering is a classically stupid crime

Bitcoin: USD/BTC (BTC=X) money laundering is a classically stupid crime Laundering money through bitcoin is a bad idea—not only because it’s illegal, but also because it leaves a permanent trail. Defendants have repeatedly been undone because they’ve relied on the cryptocurrency for some part of their nefarious activities. Sometimes, they’ve been arrested years after their […]

NASDAQ Composite (.IXIC) shares advance after meager gains on Wall Street

NASDAQ Composite (.IXIC) shares advance after meager gains on Wall Street

NASDAQ Composite (.IXIC) shares advance after meager gains on Wall Street Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. Hong Kong’s Hang Seng rose 0.7% to 26,401.47, while […]

Alphabet Inc. (NASDAQ:GOOG) gains after Stifel turns bullish

Alphabet Inc. (NASDAQ:GOOG) gains after Stifel turns bullish

Alphabet Inc. (NASDAQ:GOOG) gains after Stifel turns bullish Shares of Alphabet Inc. GOOG, +0.57%GOOGL, +0.61% are up 0.6% in premarket trading Thursday after Stifel’s Scott Devitt upgraded the stock to buy from hold. Devitt cited the company’s “durable earnings growth” and ad-dollar share gains as reasons for his optimism. “More recently, some Google search ecosystem […]

Market perception of Tesla, Inc. (NASDAQ:TSLA) changing

Market perception of Tesla, Inc. (NASDAQ:TSLA) changing

Market perception of Tesla, Inc. (NASDAQ:TSLA) changing Morgan Stanley sees a big uptick in Tesla’s stock if the Cybertruck becomes successful.  The stronger “bull case” for Tesla came Thursday from Morgan Stanley analyst Adam Jonas who predicted the share price will touch $500 if the Cybertruck turns successful and the new factory in China does […]

Vietnam Golf Clubs to Quit Grasping at Straws

Vietnam Golf Clubs to Quit Grasping at Straws

Five leading courses in center of country pledge to phase out single-use plastics Laguna Golf Lang Co and other members of the Vietnam Golf Coast (VGC) are in the process of completely phasing out single-use plastics after reaching their final straw with the environmentally corrosive material. The best signature golf courses in Central Vietnam joined […]

Coolmore Stud sires Caravaggio, Churchill and Highland Reel made a bright start at the Tattersalls Foal Sale

Coolmore Stud sires Caravaggio, Churchill and Highland Reel made a bright start at the Tattersalls Foal Sale

While first crop Coolmore Stud sires Caravaggio, Churchill and Highland Reel made a bright start at the Tattersalls Foal Sale, their more established counterparts continued to prove popular in the sales ring. No Nay Never was crowned champion first season sire in 2018 and built on his tremendous success this year with a host of […]

Bitcoin: USD/BTC (BTC=X) has created an inverted hammer on the daily chart

Bitcoin: USD/BTC (BTC=X) has created an inverted hammer on the daily chart

Bitcoin: USD/BTC (BTC=X) has created an inverted hammer on the daily chart Bitcoin experienced a strong rejection at key resistance Wednesday, weakening the short-term bullish outlook. The top cryptocurrency by market value quickly jumped from $7,200 to $7,800 during the U.S. trading hours on Wednesday, ending a low-volume pullback, as expected. The ascent, however, was […]

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections The New Zealand and Australian Dollars finished mixed on Wednesday with the Kiwi posting a gain and the Aussie closing unchanged. Both currencies posted two-sided price action before rallying […]

Shanghai: SSE Composite Index (.SSEC) shares end up as investors keep the faith despite Trump’s mixed trade signals

Shanghai: SSE Composite Index (.SSEC) shares end up as investors keep the faith despite Trump’s mixed trade signals

Shanghai: SSE Composite Index (.SSEC) shares end up as investors keep the faith despite Trump’s mixed trade signals Chinese shares rose on Thursday, lifted by renewed hopes that China and the United States may be closer to a “phase one” trade deal to end a bitter tariff war that has dragged on since the middle […]

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off Australian shares recovered after suffering their largest two-day slide since early August, boosted by a report suggesting a trade deal between the United States and China may still be reached before the next wave of proposed US tariffs begin on December 15. The […]

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation

Japanese Yen: USD/JPY (JPY=X) Struggles To Recover Amid US NFP Anticipation Following strong US Dollar performance in recent weeks on rising hopes that the US and China were closing in on a potential ‘phase one’ trade deal, the US Dollar to Japanese Yen (USD/JPY) exchange rate has tumbled this week. Weak US data, combined with […]

FTSE Bursa Malaysia KLCI (.KLSE) ends on a slightly positive note amid mixed signals

FTSE Bursa Malaysia KLCI (.KLSE) ends on a slightly positive note amid mixed signals

FTSE Bursa Malaysia KLCI (.KLSE) ends on a slightly positive note amid mixed signals The FBM KLCI maintained its lead at Thursday’s close as investor ushered back into equities on reassurances that the US-China trade deal remained on track, although gains were capped by mixed signals. At 5pm, the local index had retraced 2.65 points […]

DAX PERFORMANCE-INDEX (.GDAXI) fall into red as US impeachment looms

DAX PERFORMANCE-INDEX (.GDAXI) fall into red as US impeachment looms

DAX PERFORMANCE-INDEX (.GDAXI) fall into red as US impeachment looms Most European and US markets slumped yesterday after an upbeat start to the day was eroded by news the US Congress is moving ahead with impeachment efforts against President Donald Trump. House Speaker Nancy Pelosi ordered articles of impeachment to be drawn up that could […]

UK FTSE 100 (.FTSE) trades slightly lower amid sterling strength

UK FTSE 100 (.FTSE) trades slightly lower amid sterling strength

UK FTSE 100 (.FTSE) trades slightly lower amid sterling strength The FTSE 100 is trading down with just one week left before the UK goes to the polls in the general election on 12 December. The political parties enter their final week of campaigning, with the Conservatives leading in the polls. At 8.40am, the FTSE […]

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause Rising Global Debt Ensures that Pullback in Gold Price Rally is Just a Pause November marked the third month of consolidation for gold bullion and gold equities. Gold bullion closed the month at $1,464, holding above the $1,450 […]

Singapore: STI Index (.STI) stocks close 0.46 pct higher

Singapore: STI Index (.STI) stocks close 0.46 pct higher

Singapore: STI Index (.STI) stocks close 0.46 pct higher Singapore stocks closed higher on Thursday, with the benchmark Straits Times Index (STI) going up 0.46 percent, or 14.40 points, to close at 3,174.19. A total of 915.62 million shares changed hands with a turnover of 965.91 million Singapore dollars (about 709.49 million U.S. dollars). Gainers […]

Hong Kong: HANG SENG INDEX (.HSI) stocks end with healthy gains

Hong Kong: HANG SENG INDEX (.HSI) stocks end with healthy gains

Hong Kong: HANG SENG INDEX (.HSI) stocks end with healthy gains Hong Kong stocks rose Thursday as trade hopes returned following a report saying US and Chinese officials were closing in on a mini deal. The Hang Seng index added 0.59 percent, or 154.48 points, to 26,217.04. The benchmark Shanghai Composite Index added 0.74 percent, […]

Canadian Dollar: USD/CAD (CAD=X) higher following a surprisingly hawkish tone to the Bank of Canada (BoC) monetary policy statement

Canadian Dollar: USD/CAD (CAD=X) higher following a surprisingly hawkish tone to the Bank of Canada (BoC) monetary policy statement

Canadian Dollar: USD/CAD (CAD=X) higher following a surprisingly hawkish tone to the Bank of Canada (BoC) monetary policy statement The Canadian dollar soared yesterday, following a surprisingly hawkish tone to the Bank of Canada (BoC) monetary policy statement. The BoC left interest rates unchanged, as expected but it had a somewhat optimistic economic outlook. The […]

Trump Remarks Weigh on Silver 1 OZ 999 NY (XAG=X)

Trump Remarks Weigh on Silver 1 OZ 999 NY (XAG=X)

Trump Remarks Weigh on Silver 1 OZ 999 NY (XAG=X) Silver is flat on Thursday, after sustaining sharp losses on Wednesday. In the European session, silver is trading at $16.86, up $0.03 or 0.18% on the day. Trump Remarks Weigh on Silver Silver prices have shown some strong swings this week, treating traders with the strongest […]

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report

Euro: USD/EUR (EUR=X) Market Participants Await Friday’s NFP Report After a few market-moving data releases yesterday, the economic calendar is relatively light for EUR/USD until tomorrow. Friday’s US jobs report should trigger some volatility in the FX markets. EUR/USD prices attempted to push higher on Thursday after the ADP reported weaker than expected job growth. […]

British Pound: USD/GBP (GBP=X) Climbs as Conservatives In Command

British Pound: USD/GBP (GBP=X) Climbs as Conservatives In Command

British Pound: USD/GBP (GBP=X) Climbs as Conservatives In Command The pound gained 0.8% on Wednesday, its best one-day gain since mid-October. The markets are confident that Prime Minister Johnson will win next week’s general election, and there is optimism that he will be able to form a majority government. This would mean a stable government […]

Bitcoin: USD/BTC (BTC=X) Is $6500 Incoming?

Bitcoin: USD/BTC (BTC=X) Is $6500 Incoming?

Bitcoin: USD/BTC (BTC=X) Is $6500 Incoming? The Bitcoin [BTC] investment rhetoric this year began with the ‘safe haven’ dialect. The trade war between the US and China heightened during Q2. Consequently, Bitcoin and gold, both regained over 150% and  18%, respectively. The downside post of September is also correlated with gold. However, the current macro […]

Dow Jones Industrial Average (.DJI) higher following a report that a phase-one trade U.S.-China trade deal was still in the works

Dow Jones Industrial Average (.DJI) higher  following a report that a phase-one trade U.S.-China trade deal was still in the works

Dow Jones Industrial Average (.DJI) higher following a report that a phase-one trade U.S.-China trade deal was still in the works U.S. stocks closed higher for the first time in four sessions following a report that a phase-one trade U.S.-China trade deal was still in the works, helping to offset fears of a delay sparked […]

United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices. The Saudi Arabia-led cartel and Russia (collectively called “OPEC+”) are widely expected to announce in Vienna on Friday an agreement to extend […]

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors Larry Page and Sergey Brin just got a $US1.7 billion ($2.5 billion) retirement gift from investors. The Google co-founders, who announced on Tuesday they were stepping down from day-to-day management of parent company Alphabet, added more than $US800 million each to their net worth […]

Azerai Announces Third Property in Vietnam, Azerai Ke Ga Bay, to Open in Early 2020

Azerai Announces Third Property in Vietnam, Azerai Ke Ga Bay, to Open in Early 2020

Azerai Ke Ga Bay, a luxurious and secluded oceanfront retreat in southeastern Vietnam, is set to launch in early 2020 as the third property in Azerai Resorts’ growing portfolio. The property is scheduled to open April 1, 2020, with first bookings available online early in the New Year. The 55-room resort, which will succeed Princess […]

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