Hong Kong: HANG SENG INDEX (.HSI) PBOC said it will encourage financial market innovation to boost the economy

Hong Kong: HANG SENG INDEX (.HSI) PBOC said it will encourage financial market innovation to boost the economy

Hong Kong: HANG SENG INDEX (.HSI) PBOC said it will encourage financial market innovation to boost the economy China and Hong Kong stocks rose on Wednesday, after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s recent shift towards a more “patient” approach on policy in the face of a slowing economy. Mainland and […]

Amazon.com, Inc. (NASDAQ:AMZN) wants this mesh Wi-Fi company

Amazon.com, Inc. (NASDAQ:AMZN) wants this mesh Wi-Fi company

Amazon.com, Inc. (NASDAQ:AMZN) wants this mesh Wi-Fi company In typical Amazon (NASDAQ:AMZN) fashion, the company’s move to acquire Wi-Fi networking company eero seems to have come out nowhere, but makes a lot of sense. eero will give Amazon a foothold in a space that competitor Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)is already in, and that’s not the only reason that the acquisition […]

Bitcoin: USD/BTC (BTC=X) Drop Towards $3,200 Unless it Finds Continued Bullish Momentum

Bitcoin: USD/BTC (BTC=X) Drop Towards $3,200 Unless it Finds Continued Bullish Momentum

Bitcoin: USD/BTC (BTC=X) Drop Towards $3,200 Unless it Finds Continued Bullish Momentum Although BTC’s ability to climb back above its 100-day moving average and to hold above the bottom of its parallel trading channel is positive, one analyst believes that Bitcoin may soon target its 2018 lows in the low-$3,200 region in the near-future if it is […]

Twitter, Inc. (NYSE:TWTR) stock is cheap, and it doesn’t need huge user growth to thrive

Twitter, Inc. (NYSE:TWTR) stock is cheap, and it doesn’t need huge user growth to thrive

Twitter, Inc. (NYSE:TWTR) stock is cheap, and it doesn’t need huge user growth to thrive Twitter (NYSE:TWTR) stock is down nearly 3% in the last month after the company reported mixed fourth-quarter results. But while Twitter certainly has some hurdles to clear in 2019, the bull case on Twitter stock is very much alive and well. […]

Apple Inc. (NASDAQ:AAPL) supplier sees stock plunge after profit warning

Apple Inc. (NASDAQ:AAPL) supplier sees stock plunge after profit warning

Apple Inc. (NASDAQ:AAPL) supplier sees stock plunge after profit warning Apple supplier AAC Technologies saw its shares drop 13 per cent after the acoustic component maker said it expected first quarter net profit to fall as much as 75 percent due to reduced orders. AAC Technologies was one of many Apple-dependent suppliers who has been […]

Alibaba Group Holding Limited (NYSE:BABA) management has announced their intention of focusing on cloud to drive future growth

Alibaba Group Holding Limited (NYSE:BABA) management has announced their intention of focusing on cloud to drive future growth

Alibaba Group Holding Limited (NYSE:BABA) management has announced their intention of focusing on cloud to drive future growth Alibaba (NYSE: BABA) has shown good growth numbers in the past few quarters from its cloud segment. In the recent quarter, Alibaba reported $962 million of revenue in cloud computing with year-on-year growth of 84%. This has had a […]

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump. U.S. West Texas Intermediate (WTI) crude oil […]

NASDAQ Composite (.IXIC) fell slightly after a choppy session

NASDAQ Composite (.IXIC) fell slightly after a choppy session

NASDAQ Composite (.IXIC) fell slightly after a choppy session Wall Street’s three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed U.S. economic data and corporate news and waited for clarity on issues such as the U.S.-China trade talks. Weaker-than-expected housing data contrasted with a rosy consumer confidence report, while […]

Regulator had been monitoring Tesla, Inc. (NASDAQ:TSLA) chief executive’s posts on social media

Regulator had been monitoring Tesla, Inc. (NASDAQ:TSLA) chief executive’s posts on social media

Regulator had been monitoring Tesla, Inc. (NASDAQ:TSLA) chief executive’s posts on social media When Elon Musk last week on Twitter said Tesla Inc. would build 500,000 vehicles this year, only to clarify himself a few hours later, it set off alarm bells inside the regulator he had been goading for months. Tesla (TSLA) stock went […]

Alphabet Inc. (NASDAQ:GOOG) has asked the Supreme Court to take up what would likely be the final appeal on the case

Alphabet Inc. (NASDAQ:GOOG) has asked the Supreme Court to take up what would likely be the final appeal on the case

Alphabet Inc. (NASDAQ:GOOG) has asked the Supreme Court to take up what would likely be the final appeal on the case The Supreme Court has received an outpouring of amicus briefs from the tech industry and law professors imploring the highest court in the land to hear Oracle’s long-running case against Google – and rule […]

Enter and exit the Dow Jones Industrial Average (.DJI) with the 200-day-moving-average rule

Enter and exit the Dow Jones Industrial Average (.DJI) with the 200-day-moving-average rule

Enter and exit the Dow Jones Industrial Average (.DJI) with the 200-day-moving-average rule “Buy and hold” is a great, time-tested investment strategy. It works on two conditions, though. You have to allow it sufficient time. And you have to stick with it. The problem is very few investors can stick with it. They see their […]

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment

Euro: USD/EUR (EUR=X) forecast of 124.8 pointing to rising consumer sentiment The Euro US Dollar (EUR/USD) exchange rate got off to a choppy start this week with the cross rising to local resistance at $1.13675 before dipping sharply to sub $1.134 only to reverse later in the session and climb once more to local resistance. […]

Hong Kong: HANG SENG INDEX (.HSI) slipped on the day after a turbulent session

Hong Kong: HANG SENG INDEX (.HSI) slipped on the day after a turbulent session

Hong Kong: HANG SENG INDEX (.HSI) slipped on the day after a turbulent session Major Asian stock markets closed lower on Tuesday, as investors sought clarity on the U.S.-China trade front a day after President Donald Trump postponed a closely watched tariff deadline in early March. In a volatile session Tuesday, mainland Chinese stocks slipped on the […]

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias Price remains supported by the key rising trendline since February last year. As buyers defended the level yesterday, price climbed back above the 200-day MA (blue line) and is now looking to contest the 100-day MA @ 1.3160 again. I would still expect sellers […]

Singapore: STI Index (.STI) tipped to open in the green

Singapore: STI Index (.STI) tipped to open in the green

Singapore: STI Index (.STI) tipped to open in the green The Singapore stock market on Monday snapped the two-day slide in which it had fallen almost 10 points or 0.3 percent. The Straits Times Index now rests just above the 3,270-point plateau and it’s tipped to open in the green again on Tuesday. The global […]

British Pound: USD/GBP (GBP=X) Path of least resistance for Sterling is higher

British Pound: USD/GBP (GBP=X) Path of least resistance for Sterling is higher

British Pound: USD/GBP (GBP=X) Path of least resistance for Sterling is higher The Labour Party have announced that if they cannot get a ‘Labour Brexit’ through the House of Commons, they’ll move to a promise of another referendum on Brexit, a move that has been interpreted by foreign exchange markets as being a positive one […]

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point

Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point Gold is already on a bull run and the last Federal Reserve rate hike will be an important inflection point for the precious metal prices, Franco-Nevada president and COO Paul Brink told Kitco News. “We’ve really started the last […]

Shanghai: SSE Composite Index (.SSEC) leads Asia markets rally

Shanghai: SSE Composite Index (.SSEC) leads Asia markets rally

Shanghai: SSE Composite Index (.SSEC) leads Asia markets rally Shanghai surged more than 5% yesterday, leading a rally across Asian markets after Donald Trump said he would delay a hike in tariffs on Chinese goods, citing “substantial progress” in trade talks and fuelling hopes of an end to the long-running stand-off. Optimism over the negotiations […]

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades

Australian Dollar: USD/AUD (AUD=X) slips and risk markets soften as rally from Trump’s truce fades The Australian Dollar slipped from recent highs Tuesday as risk-assets softened in the wake of a strong run at the beginning of the new week and as markets renew their focus on domestic drivers of the currency.   Construction output figures […]

Australia: S&P/ASX 200 (.AXJO) recorded its biggest percentage loss in eight weeks

Australia: S&P/ASX 200 (.AXJO) recorded its biggest percentage loss in eight weeks

Australia: S&P/ASX 200 (.AXJO) recorded its biggest percentage loss in eight weeks The Australian sharemarket recorded its biggest percentage loss in eight weeks on Tuesday as the major miners fell and index heavyweights traded without the value of their next dividend payment. The S&P/ASX 200 Index fell 57.9 points, or 0.9 per cent, to 6128.4 […]

NASDAQ Composite (.IXIC) Progress For US/China Trade Deal

NASDAQ Composite (.IXIC) Progress For US/China Trade Deal

NASDAQ Composite (.IXIC) Progress For US/China Trade Deal Led by gains in trade-sensitive technology and industrial stocks, Wall Street’s major averages closed higher as progress towards a US/China trade deal drove the Nasdaq Composite into the plus column for the tenth time in eleven days, and the S&P 500 briefly above 2,800. President Donald Trump’s […]

Facebook, Inc. (NASDAQ:FB) grappling with another privacy controversy

Facebook, Inc. (NASDAQ:FB) grappling with another privacy controversy

Facebook, Inc. (NASDAQ:FB) grappling with another privacy controversy Facebook Inc is grappling with another privacy controversy in the wake of revelations that fitness and health apps have been transmitting data about users’ weight, menstrual cycles and other sensitive information to the social media company. Apps including “Flo Health Inc.’s Flo Period & Ovulation Tracker and […]

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal

Japanese Yen: USD/JPY (JPY=X) Lack of Clarity Over Trade Deal The Dollar/Yen is trading lower on Tuesday in reaction to a drop in U.S. Treasury yields and lower demand for risky assets. This comes just one day after the Forex pair jumped to its highest level since December 27 on the back of higher Treasury […]

Apple Inc. (NASDAQ:AAPL) stock will be a long-term winner even if iPhone sales don’t increase

Apple Inc. (NASDAQ:AAPL)  stock will be a long-term winner even if iPhone sales don’t increase

Apple Inc. (NASDAQ:AAPL) stock will be a long-term winner even if iPhone sales don’t increase Late 2018 was a rough time for Apple (NASDAQ:AAPL) and for Apple stock. AAPL struggled to sell iPhones, and, as a result, failed to live up to the expectations of investors and analysts. Many downgrades of Apple stock followed, as analysts’ estimates […]

The Dow Jones Industrial Average (.DJI) Industrial Average rose modestly Monday after Donald Trump said he will delay increasing tariffs on China-made goods

The Dow Jones Industrial Average (.DJI) Industrial Average rose modestly Monday after Donald Trump said he will delay increasing tariffs on China-made goods

The Dow Jones Industrial Average (.DJI) Industrial Average rose modestly Monday after Donald Trump said he will delay increasing tariffs on China-made goods Stocks rose on Monday, Feb. 25, after President Trump said he would delay increasing tariffs on China-made goods, set to kick in on March 1, following “substantial progress” over two weeks of […]

Alibaba Group Holding Limited (NYSE:BABA) stock has rebounded after a tough year, but is it worth buying now?

Alibaba Group Holding Limited (NYSE:BABA) stock has rebounded after a tough year, but is it worth buying now?

Alibaba Group Holding Limited (NYSE:BABA) stock has rebounded after a tough year, but is it worth buying now? Alibaba Group Holding Ltd (NYSE:BABA) stock is already up 33% year-to-date, enabling it to more than gain back the ground it lost last year. In 2018, BABA stock fell 20% amid concern over Alibaba’s profit margin and the impact of the […]

Why Costco could be in the crosshairs of Amazon.com, Inc. (NASDAQ:AMZN)

Why Costco could be in the crosshairs of Amazon.com, Inc. (NASDAQ:AMZN)

Why Costco could be in the crosshairs of Amazon.com, Inc. (NASDAQ:AMZN) There have been some concerns among the owners of Amazon (NASDAQ: AMZN) stock and others  about the slowdown of Amazon’s revenue growth. These concerns are exaggerated because Amazon can quickly ramp up its retail sales by making one or more acquisitions in the retail space. Since AMZN […]

Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I.

Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I.

Alphabet Inc. (NASDAQ:GOOG) invests in a start-up using beams of light on chips for super-fast A.I. A small start-up in Boston has an oddball idea for a fast and efficient processor for artificial intelligence that could just work: Let there be light. More specifically, Lightmatter’s chip includes an optical component called a Mach-Zehnder interferometer instead of a more […]

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States Oil prices fell on Monday, giving up earlier gains, squeezed by plentiful supply and US firms in particular increasing exports in competition with traditional producers from the Middle East in key markets like Asia. International Brent […]

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk in contempt for violating his settlement with the SEC last fall

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk in contempt for violating his settlement with the SEC last fall

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk in contempt for violating his settlement with the SEC last fall Tesla (NASDAQ: TSLA) shares took a hit in after-hours trading on Monday, falling 5% as of 6:38 p.m. EST. The stock’s pullback was prompted by news that the U.S. Securities and Exchange Commission (SEC) has asked a judge to […]

Bitcoin: USD/BTC (BTC=X) Warren Buffett is doubling down on his bitcoin criticism

Bitcoin: USD/BTC (BTC=X) Warren Buffett is doubling down on his bitcoin criticism

Bitcoin: USD/BTC (BTC=X) Warren Buffett is doubling down on his bitcoin criticism Billionaire investor Warren Buffett is doubling down on his bitcoin criticism. “Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box ” interview Monday. “It is a delusion, basically.” The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the […]

DAX PERFORMANCE-INDEX (.GDAXI) stocks mixed at close of trade

DAX PERFORMANCE-INDEX (.GDAXI) stocks mixed at close of trade

DAX PERFORMANCE-INDEX (.GDAXI) stocks mixed at close of trade Germany stocks were mixed after the close on Monday, as gains in the Technology, Consumer & Cyclical and Basic Resources sectors led shares higher while losses in the Food & Beverages, Financial Services and Telecoms sectors led shares lower. At the close in Frankfurt, the DAX […]

UK FTSE 100 (.FTSE) rising pound as U.K.’s May delays Brexit vote

UK FTSE 100 (.FTSE) rising pound as U.K.’s May delays Brexit vote

UK FTSE 100 (.FTSE) rising pound as U.K.’s May delays Brexit vote London’s markets struggled on Monday, bucking a positive trend for the rest of Europe’s indexes, after the pound rose and held back the FTSE 100 on the news U.K. Prime Minister Theresa May has delayed a parliamentary vote on her Brexit deal. Heavyweight […]

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues The Canadian dollar is quiet in the Monday session. Currently, the pair is trading at 1.1353, up 0.12% on the day. On the release front, there are no Canadian indicators, while the U.S released one minor event. On Tuesday, the U.S. posts CB Consumer Confidence. As well, […]

Shanghai: SSE Composite Index (.SSEC) enters a bull market

Shanghai: SSE Composite Index (.SSEC) enters a bull market

Shanghai: SSE Composite Index (.SSEC) enters a bull market Major Asian stocks markets closed higher on Monday amid trade optimism after U.S. President Donald Trump announced a postponement of a closely-watched deadline on March 1. Shares in mainland China saw solid gains on the day following the positive developments. The Shanghai composite surged 5.6 percent to 2,961.28 while the Shenzhen component […]

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump

New Zealand Dollar: NZD/USD (NZD=X) gained on the back of comments by President Trump Both the Aussie and Kiwi gained on the back of comments by President Trump, in which he stated that he would delay the planned tariff increase on Chinese imports (Deadline March 1st) and that he will be looking to have summit […]

British Pound: USD/GBP (GBP=X) still plenty of positivity in this market

British Pound: USD/GBP (GBP=X) still plenty of positivity in this market

British Pound: USD/GBP (GBP=X) still plenty of positivity in this market The British pound rallied a bit during the trading session on Monday, slamming into the 1.31 handle which of course is very important as of the last couple of sessions. Looking at the chart, it appears that we could eventually break above there and go […]

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data

Japanese Yen: USD/JPY (JPY=X) focus is on inflation data USD/JPY has posted slight gains on Monday. In the North American session, the pair is trading at 111.10, up 0.38% on the day. It’s a light day for fundamentals, with no key events out of the United States. In Japan, the focus is on inflation data. […]

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

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

Australia: S&P/ASX 200 (.AXJO) set to open lower Australian shares were pointing to modest opening losses despite a rally on Wall Street. ASX futures down 16 points at 8am AEDT. The Australian dollar was 0.6 per cent higher. Wall Street advanced, bolstered by optimism that the US and China were progressing toward a trade truce. […]

Hong Kong: HANG SENG INDEX (.HSI) Stocks rise after Trump announces tariff delay

Hong Kong: HANG SENG INDEX (.HSI) Stocks rise after Trump announces tariff delay

Hong Kong: HANG SENG INDEX (.HSI) Stocks rise after Trump announces tariff delay Hong Kong and mainland Chinese shares rose at the open of trade Monday after Donald Trump said he would delay hiking tariffs on Chinese imports and that trade talks were making “substantial progress”. The Hang Seng Index rose 0.55 per cent, or […]

Singapore: STI Index (.STI) consumer price index (CPI) grew 0.4 percent year-on-year in January

Singapore: STI Index (.STI) consumer price index (CPI) grew 0.4 percent year-on-year in January

Singapore: STI Index (.STI) consumer price index (CPI) grew 0.4 percent year-on-year in January Singapore’s consumer price index (CPI) grew 0.4 percent year-on-year in January, following a 0.5-percent increase in December 2018, said the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) in a joint statement on Monday. The MAS Core […]

Silver 1 OZ 999 NY (XAG=X) pressured a bit by upbeat attitudes among traders and investors to start the week

Silver 1 OZ 999 NY (XAG=X) pressured a bit by upbeat attitudes among traders and investors to start the week

Silver 1 OZ 999 NY (XAG=X) pressured a bit by upbeat attitudes among traders and investors to start the week Gold prices are just modestly lower in early U.S. trading Monday. The safe-haven metals are pressured a bit by upbeat attitudes among traders and investors to start the week. April gold futures were last down $1.70 an ounce […]

Australian Dollar: USD/AUD (AUD=X) extends the rebound

Australian Dollar: USD/AUD (AUD=X) extends the rebound

Australian Dollar: USD/AUD (AUD=X) extends the rebound AUD/USD extends the rebound from late last week as the U.S. and China, Australia’s largest trading partner, appear to be on track to reach a trade deal, but the exchange rate may face range-bound conditions ahead of the next Reserve Bank of Australia (RBA) meeting on March 5 as […]

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies

Euro: USD/EUR (EUR=X) Tipped To Rise As FED Powell Testifies The Euro US Dollar (EUR/USD) exchange rate reached a two-week best over the course of Monday’s trading, with further gains possible according to some analysts. “Fed Chairman Powell is headed to Capitol Hill tomorrow to testify before Congress” notes Kathy Lien, Managing Director of FX […]

Cash, valuation, and innovation position Apple Inc. (NASDAQ:AAPL) stock to resume its climb

Cash, valuation, and innovation position Apple Inc. (NASDAQ:AAPL) stock to resume its climb

Cash, valuation, and innovation position Apple Inc. (NASDAQ:AAPL) stock to resume its climb After last year’s slump, Apple (NASDAQ:AAPL) appears ready to move on from the iPhone. The product launched the lucrative smartphone market and took the market cap of AAPL stock briefly above $1 trillion. Now, falling prices have forced the company to grow without the […]

Amazon.com, Inc. (NASDAQ:AMZN) still growing revenue at a double-digit rate

Amazon.com, Inc. (NASDAQ:AMZN) still growing revenue at a double-digit rate

Amazon.com, Inc. (NASDAQ:AMZN) still growing revenue at a double-digit rate Amazon (NASDAQ:AMZN) is still growing revenue at a double-digit rate in its U.S. e-commerce unit, its web services unit, and in international markets. Yet at its physical retail stores, sales have stalled out. While the e-commerce giant’s overall revenue rose 20% in the fourth quarter — a […]

Dow Jones Industrial Average (.DJI) smashes new records

Dow Jones Industrial Average (.DJI) smashes new records

Dow Jones Industrial Average (.DJI) smashes new records The Dow Jones Industrial Average is on its best winning streak since 1995. The blue-chip index ended the week slightly higher, completing its ninth straight positive week in a row as stocks extended a months-long rally through February. The market’s win streak put an end to an ugly Christmas […]

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at […]

NASDAQ Composite (.IXIC) posting a ninth week of increases

NASDAQ Composite (.IXIC) posting a ninth week of increases

NASDAQ Composite (.IXIC) posting a ninth week of increases The S&P 500 technology index was up 1.3 per cent, leading gains among the 11 major S&P sectors, while the trade-exposed industrials index climbed 0.6 per cent. The Dow Jones Industrial Average rose 181.18 points, or 0.7 per cent, to 26,031.81 on Friday, the S&P 500 […]

Traders Hint At Bitcoin: USD/BTC (BTC=X) Market Bottom

Traders Hint At Bitcoin: USD/BTC (BTC=X) Market Bottom

Traders Hint At Bitcoin: USD/BTC (BTC=X) Market Bottom The prominent industry commentator claimed that BTC’s recent move allowed it to break out of its short-term falling wedge and bull flag, along with a longer-term “major bear pennant” —  an evidently positive sign. Rand added that from volume readings should also spark some form of optimism, […]

Facebook, Inc. (NASDAQ:FB) Struggles Could Be Good News

Facebook, Inc. (NASDAQ:FB) Struggles Could Be Good News

Facebook, Inc. (NASDAQ:FB) Struggles Could Be Good News Facebook  (NASDAQ:FB) has faced a lot of scandals surrounding its data and advertisements over the past year. Not only has fake news put the company under the microscope for who it sold ads to, but the Cambridge Analytica scandal also uncovered the company’s poor controls when it came to protecting user […]

Australia: S&P/ASX 200 (.AXJO) is looking at a modest rise today

Australia: S&P/ASX 200 (.AXJO) is looking at a modest rise today

Australia: S&P/ASX 200 (.AXJO) is looking at a modest rise today The Federal Government and the mining industry have tried to play down the reports, while Chinese government spokesman say a ban is wrong, but add that there are delays because of unknown tests are being carried out. Rising optimism about the US-China trade talks […]

Silver 1 OZ 999 NY (XAG=X) snapping two weeks of losses

Silver 1 OZ 999 NY (XAG=X) snapping two weeks of losses

Silver 1 OZ 999 NY (XAG=X) snapping two weeks of losses This week gold prices are likely to remain sensitive due to the ongoing trade talks between the U.S. and China, while U.S. economic data will also be closely watched for its impact on the greenback, one of the biggest drivers for the precious metal. […]

Euro: USD/EUR (EUR=X) rotates higher after false break lower

Euro: USD/EUR (EUR=X) rotates higher after false break lower

Euro: USD/EUR (EUR=X) rotates higher after false break lower The Euro-to-Dollar exchange rate is trading at 1.1345 at the start of the new week after rising over half a percent from the previous week. Although continued concerns over Eurozone growth weighed on the Euro it still outperformed the Dollar which fell even more sharply after […]

New Zealand Dollar: NZD/USD (NZD=X) positive trade outcome between the US and China would be good for the Kiwi currency

New Zealand Dollar: NZD/USD (NZD=X) positive trade outcome between the US and China would be good for the Kiwi currency

New Zealand Dollar: NZD/USD (NZD=X) positive trade outcome between the US and China would be good for the Kiwi currency The NZD/USD rate reached a low 0.6770 on Friday 22 February, however has since recovered to 0.6840. The whip-saw movements of both currencies in the end turning out to be a bit of a storm […]

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts

Australian Dollar: USD/AUD (AUD=X) Tumbles as Westpac Calls for Two Rate Cuts The week started with the minutes of the Reserve Bank of Australia Monetary Policy meeting showing that the central bank saw “significant uncertainties” in the economy as property values took a nosedive. This opened the door to future rate cuts. Earlier in the […]

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound Throughout the past week, investors were hesitant to buy the US Dollar, as developments in geopolitics and trade news made investors more willing to take risks instead. As the US Dollar is a safe haven currency that benefits from times of market uncertainties, the […]

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields

Focus this week for Japanese Yen: USD/JPY (JPY=X) traders should be on U.S. Treasury yields Last week’s mostly sideways trade in the USD/JPY sent a message to me that investors weren’t worried about risk or the direction of interest rates. The muted reaction to the mixed-to-potentially bearish U.S. economic data further confirmed my assessment. However, […]

Shanghai: SSE Composite Index (.SSEC) analysts are suggesting investors to pile into shares

Shanghai: SSE Composite Index (.SSEC) analysts are suggesting investors to pile into shares

Shanghai: SSE Composite Index (.SSEC) analysts are suggesting investors to pile into shares A surge in equities is stealing the show from China’s world-leading bond rally, prompting analysts to recommend clients pile into stocks rather than debt. The rally since Jan. 3 has added almost $1 trillion to the value of the country’s equities, while China’s sovereign […]

Singapore: STI Index (.STI) inflation and growth remain resilient amid external risks

Singapore: STI Index (.STI) inflation and growth remain resilient amid external risks

Singapore: STI Index (.STI) inflation and growth remain resilient amid external risks The Singapore dollar’s three-month winning streak is facing its stiffest test yet as global growth headwinds dim the outlook for further central bank tightening. An above-consensus inflation report Monday would go a long way toward ensuring the currency’s advance remains on track. A […]

Tesla, Inc. (NASDAQ:TSLA) falls after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability

Tesla, Inc. (NASDAQ:TSLA) falls after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability

Tesla, Inc. (NASDAQ:TSLA) falls after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability Tesla’s stock sank nearly 4 percent on Thursday after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability. The consumer watchdog organization, which just released its 10 […]

Alphabet Inc. (NASDAQ:GOOG) failed to let consumers know about a hidden microphone in its Nest security devices

Alphabet Inc. (NASDAQ:GOOG) failed to let consumers know about a hidden microphone in its Nest security devices

Alphabet Inc. (NASDAQ:GOOG) failed to let consumers know about a hidden microphone in its Nest security devices Consumer privacy in the era of big tech companies like Facebook, Google, and Amazon may not be a hot button topic on the level of healthcare or gun control, but heading into the 2020 presidential election, it’s certainly gaining […]

Bitcoin: USD/BTC (BTC=X) survey suggests there’s a growing interest

Bitcoin: USD/BTC (BTC=X) survey suggests there’s a growing interest

Bitcoin: USD/BTC (BTC=X) survey suggests there’s a growing interest Bitcoin has struggled over the last year as the market nurses a hangoverfrom its epic 2017 bull run that saw the bitcoin price explode from under $1,000 at the beginning of the year to almost $20,000 in fewer than 12 months. The bitcoin price has so far failed to break out […]

Apple Inc. (NASDAQ:AAPL) needs to make a big push into content

Apple Inc. (NASDAQ:AAPL) needs to make a big push into content

Apple Inc. (NASDAQ:AAPL) needs to make a big push into content Apple needs to make a big push into content – and in doing so, it should make a significant acquisition, noted analyst Dan Ives told CNBC on Thursday. “Right now it’s all about services and the installed base,” he said, referring to the number of […]

Dow Jones Industrial Average (.DJI) ongoing trade discussions between the Trump administration and its Chinese counterparts

Dow Jones Industrial Average (.DJI) ongoing trade discussions between the Trump administration and its Chinese counterparts

Dow Jones Industrial Average (.DJI) ongoing trade discussions between the Trump administration and its Chinese counterparts Stocks fell on Thursday following the release of lackluster U.S. economic data and amid ongoing trade discussions between the Trump administration and its Chinese counterparts. The Dow Jones Industrial Average fell 103.81 points to 25,850.63 as Walgreens Boots Alliance lagged. The S&P […]

United States Oil (USO) production reached 12 million bpd for the first time last week

United States Oil (USO) production reached 12 million bpd for the first time last week

United States Oil (USO) production reached 12 million bpd for the first time last week Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were […]

NASDAQ Composite (.IXIC) trading volume joins the top ten ranking for the year

NASDAQ Composite (.IXIC) trading volume joins the top ten ranking for the year

NASDAQ Composite (.IXIC) trading volume joins the top ten ranking for the year Today’s session closes with the NASDAQ Composite Index volume reaching the 10th place in the top ten list for this year. The last time the index closed above 2.69 billion shares was on Feb 15 2019. The total shares traded for the […]

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness The oars aren’t rowing in the same direction for the Canadian dollar, but over the medium term, look for loonie weakness as domestic fundamentals take over from international forces. The latter pertain to the general trend in the US dollar against other majors, where 2020 should feature […]

Shanghai: SSE Composite Index (.SSEC) negotiators were beginning to outline a deal to end a long-running trade spat

Shanghai: SSE Composite Index (.SSEC) negotiators were beginning to outline a deal to end a long-running trade spat

Shanghai: SSE Composite Index (.SSEC) negotiators were beginning to outline a deal to end a long-running trade spat Stocks finished lower Thursday, with the Nasdaq snapping an eight-session winning streak, as fresh economic data out of Europe and Japan suggest further slowing in global growth. However, fears about a world-wide slowdown were somewhat tempered by […]

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January GBP/USD is steady in the Thursday session, continuing the trend seen on Wednesday. In North American trade, the pair is trading at 1.3051, unchanged on the day. In economic news, the U.K posted a rare budget surplus in January. The surplus of GBP 15.8 […]

Australian Dollar: USD/AUD (AUD=X) struggles going forward

Australian Dollar: USD/AUD (AUD=X) struggles going forward

Australian Dollar: USD/AUD (AUD=X) struggles going forward The Australian dollar initially tried to rally during the trading session on Thursday, but then rolled over at the 0.72 handle. By doing so, it looks very likely that we are going to continue to see struggles going forward, as the market has seen this area be the beginning […]

Singapore: STI Index (.STI) suggests mild upside

Singapore: STI Index (.STI) suggests mild upside

Singapore: STI Index (.STI) suggests mild upside The Singapore stock market has finished higher in three consecutive trading days, gathering more than 40 points or 1.3 percent along the way. The Straits Times Index now rests just shy of the 3,280-point plateau and it may see additional support again on Thursday. The global forecast for […]

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March

Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March The release of the European Central Bank’s meeting minutes showed policymakers had growing concerns. However, it’s thought unlikely the central bank will blink at its March meeting and make any immediate changes to its monetary policy. It’s expected new projections […]

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance

Japanese Yen: USD/JPY (JPY=X) significant resistance The US dollar rallied a bit against the Japanese yen, but it seems as if we are still struggling at the 200 day EMA, and of course the 61.8% Fibonacci retracement level. The ¥111 level is significant resistance in and of itself, and as you can see to the left there […]

Hong Kong: HANG SENG INDEX (.HSI) End On Steady Note Amid Trade Optimism

Hong Kong: HANG SENG INDEX (.HSI) End On Steady Note Amid Trade Optimism

Hong Kong: HANG SENG INDEX (.HSI) End On Steady Note Amid Trade Optimism Asian stocks reversed early losses to end Thursday’s session on a steady note following a Reuters report that the US and China were outlining agreements on the stickiest trade issues. Dovish signals from the US Federal Reserve also lent some support to […]

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher

Australia: S&P/ASX 200 (.AXJO) futures pointing higher According to the latest SPI futures, the ASX 200 is expected to open the day ever so slightly higher on Friday. At the time of writing futures contracts are pointing to a 2-point gain at the open. This follows a disappointing night of trade in the U.S. which […]

Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction

Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction

Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction Gold and silver prices are down in early U.S. trading Thursday, on some profit taking from recent gains and a downside technical correction—both of which are not unexpected. In fact, it can be argued that for a price uptrend […]

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the firm overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]

Bitcoin: USD/BTC (BTC=X) Likely to Drop Before Climbing Higher

Bitcoin: USD/BTC (BTC=X) Likely to Drop Before Climbing Higher

Bitcoin: USD/BTC (BTC=X) Likely to Drop Before Climbing Higher Because Bitcoin’s recent rally has stalled, analysts now believe that it needs to drop lower before garnering enough buying pressure to push it above $4,000. Flood, an extremely popular cryptocurrency trader on Twitter, told his over 60k followers that he thinks BTC will drop to $3,800 […]

Weak Apple Inc. (NASDAQ:AAPL) iPhone demand appears to be the primary driver of the company’s difficulties

Weak Apple Inc. (NASDAQ:AAPL) iPhone demand appears to be the primary driver of the company’s difficulties

Weak Apple Inc. (NASDAQ:AAPL) iPhone demand appears to be the primary driver of the company’s difficulties Weak iPhone demand appears to be the primary driver of the company’s difficulties. Revenue from the product declined 15% year-over-year in Q1, per the company’s 10-Q filing. The reduction of the company’s guidance ahead of its December quarter results sent AAPL […]

Smart speaker growth is a long-term catalyst for Alibaba Group Holding Limited (NYSE:BABA) Stock

Smart speaker growth is a long-term catalyst for Alibaba Group Holding Limited (NYSE:BABA) Stock

Smart speaker growth is a long-term catalyst for Alibaba Group Holding Limited (NYSE:BABA) Stock Alibaba (NYSE:BABA) is in a strong position to take advantage of the rapid acceptance of smart home devices in China. The company launched its smart speaker in mid-2017. Alibaba stock should benefit from the growth in smart home devices. By the third […]

Walgreens, Walmart Drag Dow Jones Industrial Average (.DJI) Down

Walgreens, Walmart Drag Dow Jones Industrial Average (.DJI) Down

Walgreens, Walmart Drag Dow Jones Industrial Average (.DJI) Down Walgreens Boots Alliance (WBA) and Walmart (WMT) were the biggest blue chip losers. Walgreens lost 3.3% and fell back beneath its 50-day line, which it had regained on Friday. Walmart fell 2.5% to slide below a 99.45 cup-with-handle buy point, which it had cleared Friday. Shares rose more than […]

NASDAQ Composite (.IXIC) Bull Run Continues

NASDAQ Composite (.IXIC) Bull Run Continues

NASDAQ Composite (.IXIC) Bull Run Continues Wall Street has been on a bull run since the beginning of 2019. After rebounding in January, U.S. stock markets consolidated in February. The bull-run can be attributed to positive developments on the trade war front, temporary deal between the Republicans and Democrats to avert government shutdown again and […]

Tesla, Inc. (NASDAQ:TSLA) stock is no longer reacting to Musk’s tweets or turnover In personnel

Tesla, Inc. (NASDAQ:TSLA) stock is no longer reacting to Musk’s tweets or turnover In personnel

Tesla, Inc. (NASDAQ:TSLA) stock is no longer reacting to Musk’s tweets or turnover In personnel Tesla (NASDAQ:TSLA) continues to make the news for many of the wrong reasons. The provocative tweets from CEO Elon Musk continue. Also, seeing the general counsel leave the company after a short stint will not exactly endear buyers to Tesla stock. […]

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude supplies outweigh pressure from a continued rise […]

Amazon.com, Inc. (NASDAQ:AMZN) has run into a mess in India

Amazon.com, Inc. (NASDAQ:AMZN) has run into a mess in India

Amazon.com, Inc. (NASDAQ:AMZN) has run into a mess in India Amazon.com (NASDAQ:AMZN) stock took a haircut after the company’s fourth-quarter results were released. Wall Street was disappointed with the e-commerce giant’s guidance as it calls for first-quarter sales growth of 14% at the midpoint, while analysts were looking for a 19% jump. But that was not the only bad […]

Facebook, Inc. (NASDAQ:FB) already recovering from its scandals

Facebook, Inc. (NASDAQ:FB) already recovering from its scandals

Facebook, Inc. (NASDAQ:FB) already recovering from its scandals There’s a market adage that stocks often make their biggest gains when the market is most fearful. Stocks, it is said, climb a wall of worry. On the flip side, when folks are most optimistic and the news seems great, stocks can fall down a slope of […]

Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System

Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System

Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System Alphabet Inc.’s Google said it made an error when it didn’t disclose in product materials that its Nest Secure home security system contained a microphone. “The on-device microphone was never intended to be a secret and should have been listed in the tech […]

Euro: USD/EUR (EUR=X) bullish view put forward

Euro: USD/EUR (EUR=X) bullish view put forward

Euro: USD/EUR (EUR=X) bullish view put forward The inverse head-and-shoulders breakout seen in EUR/USD’s 4-hour chart validates the bullish view put forward by the falling channel breakout on Monday and represents a bearish-to-bullish trend change (transition from lower highs and lower lows to higher highs and higher lows).  As a result, the common currency could […]

Singapore: STI Index (.STI) Investors are keeping a close eye on talks between U.S. and Chinese negotiators in Washington

Singapore: STI Index (.STI) Investors are keeping a close eye on talks between U.S. and Chinese negotiators in Washington

Singapore: STI Index (.STI) Investors are keeping a close eye on talks between U.S. and Chinese negotiators in Washington Shares were mostly higher in Asia on Wednesday after a modestly high finish on Wall Street that extended the market’s gains into a fourth week. The Nikkei 225 index NIK, +0.60% rose 0.3% despite news that […]

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes The pound US dollar exchange rate advanced to an almost two-week high yesterday, but the pairing has given up some of those gains today and is currently trading in the region of $1.303. GBP/USD has drifted lower despite President Donald Trump dispelling […]

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive

Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive The pair continues to find support from around 110.50 and buyers broke back above the 100-hour MA (red line) in earlier trading to establish a more near-term bullish bias. The break comes after yet more disappointing data from […]

Shanghai: SSE Composite Index (.SSEC) United States and China pressed ahead with their crunch talks on trade

Shanghai: SSE Composite Index (.SSEC) United States and China pressed ahead with their crunch talks on trade

Shanghai: SSE Composite Index (.SSEC) United States and China pressed ahead with their crunch talks on trade Shares in China edged higher on Wednesday as the United States and China pressed ahead with their crunch talks on trade. The Shanghai Composite Index settled 0.2 per cent higher at 2,761.22 points while the blue-chip CSI300 gained […]

Silver 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside

Silver 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside

Silver 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside Silver markets rallied significantly during the trading session on Tuesday, as we start to make a move towards the $16.00 level. At this point, I think short-term pullbacks will be nice buying opportunities, as the US dollar is starting to soften. […]

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100

Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100 Broad weakness across non-resource stocks dragged the Australian sharemarket below the 6100 point level as the domestic earnings season failed to dispel fears the economy was sliding into recession. The S&P-ASX 200 index climbed 0.3 per cent at the open after […]

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive Gold prices broke out above resistance which is now seen as support near the January highs at 1,326.  Support below that level is seen near the 5-day moving average at 1,321 and the 20-day moving average at 1,310. Target resistance is seen near the 2018 highs near 1,365. […]

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050

Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050 The Australian dollar has pulled back a bit during the trading session on Tuesday, reaching down towards the 0.71 handle. At this point, there is significant support at the 0.7050 level that extends down to at least the 0.70 level. On the monthly chart, I see massive […]

Canadian Dollar: USD/CAD (CAD=X) grinding higher

Canadian Dollar: USD/CAD (CAD=X) grinding higher

Canadian Dollar: USD/CAD (CAD=X) grinding higher People want the Canadian dollar. The local currency was the only G-10 major to gain between yesterday’s Toronto close and this morning’s open. Oil prices have a lot to do with the move as do the quick unwinding of short Canadian dollar positions after short-term technicals turned bullish for […]

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