Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite

Japanese Yen: USD/JPY (JPY=X) highly sensitive to stock markets and risk appetite The US dollar has rolled over against the Japanese yen in early trading on Wednesday as we continue to see a major churn when it comes to this pair. Ultimately, this is a market that will continue to be very noisy based upon […]

British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh

British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh

British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh The fresh forward-looking purchasing managers’ index adds insult to injury for the pound. Sterling had already been suffering from growing uncertainty around Brexit after parliament was unable to vote on a motion that could have blocked a no-deal Brexit. John Bercow, the speaker of […]

Apple Inc. (NASDAQ:AAPL) Up Next: July Earnings

Apple Inc. (NASDAQ:AAPL) Up Next: July Earnings

Apple Inc. (NASDAQ:AAPL) Up Next: July Earnings The market is trading sharply higher into the opening bell, despite nearly 18 months of fruitless trade negotiations. However, the relief rally could be short lived because it’s also the first day of the third quarter, which Stock Trader’s Almanac notes is the “most bullish first trading day of all […]

Alphabet Inc. (NASDAQ:GOOG) division Google recently announced that it will be commissioning a new subsea cable

Alphabet Inc. (NASDAQ:GOOG) division Google recently announced that it will be commissioning a new subsea cable

Alphabet Inc. (NASDAQ:GOOG) division Google recently announced that it will be commissioning a new subsea cable Alphabet Inc.’s GOOGL division Google recently announced that it will be commissioning a new subsea cable, namely Equiano, which will connect Africa and Europe. In regard to this project, Google signed a contract with Alcatel Submarine Networks in the […]

NASDAQ Composite (.IXIC) gains on optimism for progress in U.S.-China trade talks

NASDAQ Composite (.IXIC) gains on optimism for progress in U.S.-China trade talks

NASDAQ Composite (.IXIC) gains on optimism for progress in U.S.-China trade talks U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei. Despite losing some of its initial steam, the […]

Netflix, Inc. (NASDAQ:NFLX) content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective

Netflix, Inc. (NASDAQ:NFLX) content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective

Netflix, Inc. (NASDAQ:NFLX) content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective Netflix is tightening its wallet when it comes to big-budget projects with a narrow appeal, according to a new report from The Information. Chief Content Officer Ted Sarandos reportedly told some Netflix executives last month that their spending […]

Bitcoin: USD/BTC (BTC=X) Briefly Drops Below $10,000, But Altcoins Hold Strong Against BTC

Bitcoin: USD/BTC (BTC=X) Briefly Drops Below $10,000, But Altcoins Hold Strong Against BTC

Bitcoin: USD/BTC (BTC=X) Briefly Drops Below $10,000, But Altcoins Hold Strong Against BTC At the time of writing, Bitcoin is trading down nearly 8% at its current price of $10,300, but is up slightly from its daily lows, as its price briefly dipped into the upper-$9,000 region before quickly being pushed higher. While zooming out and looking at BTC […]

Dow Jones Industrial Average (.DJI) Additional Volatility, More Abrupt Moves

Dow Jones Industrial Average (.DJI) Additional Volatility, More Abrupt Moves

Dow Jones Industrial Average (.DJI) Additional Volatility, More Abrupt Moves There’s lots for investors to love. Except the abrupt and often scary pullbacks that have erupted repeatedly over the last 18 months. These have resulted in declines of 20% or so in the fourth quarter of 2018 and roughly 7% just this past May. Between […]

Amazon.com, Inc. (NASDAQ:AMZN) analysts expect AMZN to post earnings of $5.28 per share

Amazon.com, Inc. (NASDAQ:AMZN) analysts expect AMZN to post earnings of $5.28 per share

Amazon.com, Inc. (NASDAQ:AMZN) analysts expect AMZN to post earnings of $5.28 per share Amazon (AMZN) closed at $1,922.19 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500’s 0.77% gain on the day. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq added 1.06%. Coming into […]

Alibaba Group Holding Limited (NYSE:BABA) stock is a bargain, but it’s facing considerable uncertainty

Alibaba Group Holding Limited (NYSE:BABA) stock is a bargain, but it’s facing considerable uncertainty

Alibaba Group Holding Limited (NYSE:BABA) stock is a bargain, but it’s facing considerable uncertainty Alibaba (NYSE:BABA) continues to maintain double-digit-percentage growth, which is certainly positive for Alibaba stock. Despite trade-related concerns, Alibaba is advancing in several different sectors as its founder, Jack Ma, who is now the company’s executive chairman, prepares to retire in September. Alibaba […]

Facebook, Inc. (NASDAQ:FB) continues to do irritating things, but that doesn’t appear to have fazed investors

Facebook, Inc. (NASDAQ:FB) continues to do irritating things, but that doesn’t appear to have fazed investors

Facebook, Inc. (NASDAQ:FB) continues to do irritating things, but that doesn’t appear to have fazed investors There’s no question that whatever was plaguing Facebook (NASDAQ:FB) and FB stock in the second half of 2018 has left the building. Facebook is on fire in 2019, up 47% year to date, getting closer to its all-time high of $218.62.  […]

United States Oil (USO) steadies but oversupply fears persist

United States Oil (USO) steadies but oversupply fears persist

United States Oil (USO) steadies but oversupply fears persist Oil prices pared gains on Monday (July 1) after worries about oversupply persisted, pulling back from an early rally as Opec extended supply cuts until March 2020 during a meeting in Vienna. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply […]

Tesla, Inc. (NASDAQ:TSLA) investors are underestimating how fast Model 3 demand is recovering

Tesla, Inc. (NASDAQ:TSLA) investors are underestimating how fast Model 3 demand is recovering

Tesla, Inc. (NASDAQ:TSLA) investors are underestimating how fast Model 3 demand is recovering Tesla Inc. investors are underestimating how fast Model 3 demand is recovering as the automaker prepares to report second-quarter deliveries this week, according to JMP Securities. JMP expects second-quarter Model 3 deliveries were 43,000 in the U.S., almost double what shipments likely […]

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines

AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines Low-cost airline giant AirAsia Group Bhd is seen as a successful airline operator with the capability to save national carrier Malaysia Airlines Bhd (MAB) from “dying”, says Shayne Heffernan, CEO and Founder of Heffx. He pointed out that AirAsia already has one element that is similar to […]

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks

Shanghai: SSE Composite Index (.SSEC) investors welcome an agreement between Donald Trump and Xi Jinping to resume trade talks Stocks surged in China today as investors welcomed an agreement between Donald Trump and Xi Jinping to resume trade talks. The benchmark Shanghai Composite Index rallied 2.22 per cent, or 66.02 points, to 3,044.90, while the […]

British Pound: USD/GBP (GBP=X) forecasts downgraded as Brexit saga drags on into year-end

British Pound: USD/GBP (GBP=X) forecasts downgraded as Brexit saga drags on into year-end

British Pound: USD/GBP (GBP=X) forecasts downgraded as Brexit saga drags on into year-end The Pound is likely to remain depressed into year-end and beyond according to the latest forecasts from Barclays, while both the Dollar and Euro are set to face trials and tribulations of their own before the curtain closes on 2019.  Currency markets entered […]

Euro: USD/EUR (EUR=X) potential for an elongated short-squeeze scenario

Euro: USD/EUR (EUR=X) potential for an elongated short-squeeze scenario

Euro: USD/EUR (EUR=X) potential for an elongated short-squeeze scenario Going along with that USD bounce to start Q3, EURUSD has pulled back to test a zone of support as taken from prior resistance. The area runs from around 1.1325-1.1350, which were the April and early-June swing highs, respectively. For themes of USD weakness, the topside of […]

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases

Japanese Yen: USD/JPY (JPY=X) Investors now shift their focus to this week’s important US macro releases The USD/JPY pair quickly retreated around 30-pips from near two-week tops, albeit has managed to hold its neck comfortably above the 108.00 handle. The pair built on last week’s goodish recovery move from multi-month lows and opened with a […]

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity

Australian Dollar: USD/AUD (AUD=X) showing extreme negativity The Australian dollar initially gapped higher but then turned right back around to form a very negative candle. This is an ugly little, as the 0.70 level seems to have resisted the market. Beyond that, we have had the meeting between the Americans and the Chinese, and perhaps the […]

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war

Hong Kong: HANG SENG INDEX (.HSI) rally on restart of talks to end trade war Mainland markets rallied on Monday after Presidents Donald Trump and Xi Jinping hit the pause button on the trade war over the weekend, boosting trading sentiment. The Shanghai Composite ended up 2.22 per cent to 3,044.90, its highest level since […]

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks The Australian share market has closed higher but failed to make strong gains after the US and China agreed to resume trade talks over the weekend. The benchmark S&P/ASX200 index was up 29.3 points, or 0.44 […]

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs It was a strong month for gold as prices continued to ascend throughout June, with gains each week of the month into the end of Q2. Price action set a fresh six-year-high by breaking-out to the 1439 level; but buyers weren’t able […]

Singapore: STI Index (.STI) the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease

Singapore: STI Index (.STI)  the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease

Singapore: STI Index (.STI) the G-20 summit in Osaka fuelled optimism that trade tensions between the US and China will ease Singapore stocks resumed trading in positive territory on Monday, with the Straits Times Index gaining 41.8 points or 1.3 per cent to 3,363.45 as at 1.01pm.  This comes as the G-20 summit in Osaka […]

Facebook, Inc. (NASDAQ:FB) stock always has benefitted from audacity

Facebook, Inc. (NASDAQ:FB) stock always has benefitted from audacity

Facebook, Inc. (NASDAQ:FB) stock always has benefitted from audacity Introducing “Libra” makes it appear as if Facebook (NASDAQ:FB) wants to become a country. If the move rubs the wrong people the wrong way it could be disastrous for Facebook stock. Libra isn’t exactly a blockchain, but the company’s white paper keeps referring to it as one. Its Libra coin […]

NASDAQ Composite (.IXIC) Poised For New Highs

NASDAQ Composite (.IXIC) Poised For New Highs

NASDAQ Composite (.IXIC) Poised For New Highs Friday’s mid-year closes provided important inputs to my proprietary analytics. The results include monthly value levels for July, risky levels for the third quarter–which are at new highs for the Dow, SPX and Nasdaq–and semiannual pivots in play until the end of 2019. The averages straddle annual pivots that […]

Dow Jones Industrial Average (.DJI) posted its biggest June percentage gain since 1938

Dow Jones Industrial Average (.DJI) posted its biggest June percentage gain since 1938

Dow Jones Industrial Average (.DJI) posted its biggest June percentage gain since 1938 Wall Street advanced in heavy trading, with the S&P 500 and the Dow closing the book on their best June in generations. It comes ahead of much-anticipated trade talks between US President Donald Trump and Chinese counterpart Xi Jinping at the G20 […]

Apple Inc. (NASDAQ:AAPL) top tech stock under pressure

Apple Inc. (NASDAQ:AAPL) top tech stock under pressure

Apple Inc. (NASDAQ:AAPL) top tech stock under pressure Another top tech stock that’s been under pressure since the Sino-U.S. trade hostilities escalated is Apple (NASDAQ:AAPL). In a letter to the U.S. government this month, Apple emphasized the significant risks to its business if Trump imposes 25% tariffs on a new slate of products imported from China. The […]

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts

United States Oil (USO) OPEC and its allies look set to extend oil supply cuts OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the […]

Bitcoin: USD/BTC (BTC=X) Plummets Below $11,000… Again…

Bitcoin: USD/BTC (BTC=X) Plummets Below $11,000… Again…

Bitcoin: USD/BTC (BTC=X) Plummets Below $11,000… Again… At the time of writing, Bitcoin is trading down nearly 8% at its current price of $10,960, which is down significantly from its daily highs of $12,200 that were set yesterday. While looking at Bitcoin’s weekly price action, it is clear that BTC is once again nearing a region of historical support that must […]

Twitter, Inc. (NYSE:TWTR) poised to breakout to the upside

Twitter, Inc. (NYSE:TWTR) poised to breakout to the upside

Twitter, Inc. (NYSE:TWTR) poised to breakout to the upside Twitter (TWTR) looks to have consolidated its stock price and is poised to breakout to the upside if the company can deliver measurable progress over the next couple of quarters. The company has been growing its revenues and profits over the last year and is about […]

Tesla, Inc. (NASDAQ:TSLA) shareholders and analysts are gearing up for the electric automaker’s second-quarter delivery figures

Tesla, Inc. (NASDAQ:TSLA) shareholders and analysts are gearing up for the electric automaker’s second-quarter delivery figures

Tesla, Inc. (NASDAQ:TSLA) shareholders and analysts are gearing up for the electric automaker’s second-quarter delivery figures Tesla may release second-quarter delivery figures in the coming week that sate Wall Street’s expectations. But the automaker’s future profitability and questionable underlying demand remain fundamental wildcards. That’s what a cadre of equity analysts at investment giants from Goldman Sachs […]

Shanghai: SSE Composite Index (.SSEC) is still seeing huge growth

Shanghai: SSE Composite Index (.SSEC) is still seeing huge growth

Shanghai: SSE Composite Index (.SSEC) is still seeing huge growth The last year has been rough for investors in China stocks. U.S. tariffs against the world’s second-biggest economy and the ongoing trade war with China, along with concerns about slowing growth in the Chinese economy, have weighed on Chinese stocks. The Shanghai Composite fell 25% last year […]

British Pound: USD/GBP (GBP=X) this week’s key events are the PMI reports

British Pound: USD/GBP (GBP=X) this week’s key events are the PMI reports

British Pound: USD/GBP (GBP=X) this week’s key events are the PMI reports British consumers remain gloomy about the economy, as GfK Consumer Confidence dropped to -13, below the estimate of -11. Britain’s balance of payments deteriorated in Q1, as the current account deficit widened to GBP 3.0 billion, up sharply from 27.3 billion in Q4 […]

Euro: USD/EUR (EUR=X) forms bullish flag pattern

Euro: USD/EUR (EUR=X) forms bullish flag pattern

Euro: USD/EUR (EUR=X) forms bullish flag pattern The Euro-to-Dollar exchange rate is trading at around 1.1368 at the start of the new trading week, virtually unchanged from the week before. However, studies of the charts suggest the exchange rate will probably rise in the days to come. The Euro-to-Dollar exchange rate is trading at around […]

Japanese Yen: USD/JPY (JPY=X) demand for risky assets should also be stronger

Japanese Yen: USD/JPY (JPY=X) demand for risky assets should also be stronger

Japanese Yen: USD/JPY (JPY=X) demand for risky assets should also be stronger I expect the initial reaction to the news to be bullish for the Dollar/Yen. I’m expecting firm U.S. Treasury yields which should drive up demand for the U.S. Dollar. Demand for risky assets should also be stronger. Whether the rally in the USD/JPY […]

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus Australian shares are poised to open higher to start the new fiscal year, bolstered by the weekend US-China trade truce and with investors positioning for a rate cut as soon as tomorrow. ASX futures were up 18 points or 0.3 per cent to 6577 over the weekend. […]

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday

Australian Dollar: USD/AUD (AUD=X) RBA is expected to cut rates this week on Tuesday Although the RBA is expected to cut rates this week on Tuesday, comments last week from RBA Governor Philip Lowe indicated a somewhat dovish tone moving forward. Lowe essentially said that to expect a further interest rate cut was “no unrealistic”. […]

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming

Silver 1 OZ 999 NY (XAG=X) breakout could be coming A couple of weeks back gold price exploded out of a large wedge to highs not seen in six years, which has bullion looking bullish for the foreseeable future as long as any correction it has doesn’t lead to a drop back inside the wedge. Looking at […]

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified

New Zealand Dollar: NZD/USD (NZD=X) downside risks related to trade activity have intensified The Reserve Bank of New Zealand (RBNZ) held interest rates steady on June 26, but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad. The RBNZ kept the official cash rate (OCR) at a […]

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week The key event that most attribute to the sharp reversal to the downside in gold last week were comments from Federal Reserve Chairman Jerome Powell and St. Louis Federal Reserve President James Bullard on June 25, which dampened hopes by some investors that Fed policymakers […]

Stock market opens higher but Boeing’s stock caps Dow Jones Industrial Average (.DJI) advance

Stock market opens higher but Boeing’s stock caps Dow Jones Industrial Average (.DJI) advance

Stock market opens higher but Boeing’s stock caps Dow Jones Industrial Average (.DJI) advance U.S. stock benchmarks on Thursday were trading modestly higher as a trade meeting between President Donald Trump and China’s leader Xi Jinping was set to get under way. A stumble in shares of Boeing Co. BA, -2.91% on reports that additional […]

YBCC, Inc. (OTC:YBAO) Technical Analysis

YBCC, Inc. (OTC:YBAO) Technical Analysis

YBCC, Inc. (OTC:YBAO) Technical Analysis Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]

NASDAQ Composite (.IXIC) trims gains after Kudlow’s trade comments

NASDAQ Composite (.IXIC) trims gains after Kudlow’s trade comments

NASDAQ Composite (.IXIC) trims gains after Kudlow’s trade comments U.S. stocks pared early gains on Thursday, with the S&P 500 hitting a session low, after hopes ofa trade deal were dented by White House economic adviser Larry Kudlow’s comment that Washington may move ahead with more tariffs on Chinese goods. There were no preconditions set […]

Amazon.com, Inc. (NASDAQ:AMZN) Stock Is a Battleground

Amazon.com, Inc. (NASDAQ:AMZN) Stock Is a Battleground

Amazon.com, Inc. (NASDAQ:AMZN) Stock Is a Battleground Until AMZN reports its earnings on July 25, the movement of Amazon stock will mostly be based  on macroeconomic news and the actions of big day traders. In other words, in the next couple of weeks, I expect AMZN to be a battleground between two camps: long-term investors […]

Tianci International, Inc. (OTC:CIIT) Technical Analysis

Tianci International, Inc. (OTC:CIIT) Technical Analysis

Tianci International, Inc. (OTC:CIIT) Technical Analysis Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.55. The projected lower bound is: 1.90. The projected closing price is: 2.72. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]

Bitcoin: USD/BTC (BTC=X) Plummets 23% From Daily Highs

Bitcoin: USD/BTC (BTC=X) Plummets 23% From Daily Highs

Bitcoin: USD/BTC (BTC=X) Plummets 23% From Daily Highs After incurring a massive influx of buying pressure that sent Bitcoin (BTC) to nearly $14,000 yesterday, the cryptocurrency has plummeted lower and is now struggling to find support in the upper-$10,000 region. This massive volatility has led many investors to question whether or not $13,800 was a […]

Alibaba Group Holding Limited (NYSE:BABA) Best Is Yet to Come

Alibaba Group Holding Limited (NYSE:BABA) Best Is Yet to Come

Alibaba Group Holding Limited (NYSE:BABA) Best Is Yet to Come Once a market darling and something of a cult stock, Alibaba (NYSE:BABA) has faced a number of tests and trials on its path to becoming a beloved investment vehicle both in the U.S. and abroad. If anything, today’s Alibaba could best be described as a company in […]

United States Oil (USO) OPEC-Russia production deal to continue

United States Oil (USO) OPEC-Russia production deal to continue

United States Oil (USO) OPEC-Russia production deal to continue OPEC ministers meet Monday, but this weekend’s G-20 leaders summit could have much more impact on oil prices, depending on whether the outcome is good or bad for the global economy — and therefore oil demand. The world’s markets are focused on Saturday’s meeting between President Donald Trump […]

Apple Inc. (NASDAQ:AAPL) valuation took a notable dip

Apple Inc. (NASDAQ:AAPL) valuation took a notable dip

Apple Inc. (NASDAQ:AAPL) valuation took a notable dip Apple’s valuation took a notable dip in after-hours trading on Thursday after its design chief Jony Ive announced he would be leaving the company. Upon news of Ive’s departure, Apple’s stock dropped about .087% in afterhours trading, as of the time of writing- which doesn’t sound like a […]

Facebook, Inc. (NASDAQ:FB) stock heads higher

Facebook, Inc. (NASDAQ:FB) stock heads higher

Facebook, Inc. (NASDAQ:FB) stock heads higher Shares of Facebook Inc. FB, +0.98% are up 1.1% in premarket trading Thursday after Deutsche Bank analyst Lloyd Walmsley turned more upbeat on the stock, raising his target price to $230 from $220. His channel checks show that ad units and pricing for “stories” content are improving. As more […]

Powerdyne International, Inc. (OTC:PWDY) Technical Analysis

Powerdyne International, Inc. (OTC:PWDY) Technical Analysis

Powerdyne International, Inc. (OTC:PWDY) Technical Analysis Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks A white […]

Tesla, Inc. (NASDAQ:TSLA) Faces Difficulty to Reach Delivery Target for Q2

Tesla, Inc. (NASDAQ:TSLA) Faces Difficulty to Reach Delivery Target for Q2

Tesla, Inc. (NASDAQ:TSLA) Faces Difficulty to Reach Delivery Target for Q2 Tesla, Inc. TSLA has delivered 49,000 vehicles in North America so far in second-quarter 2019, per Reuters. According to Electrek, this is below the electric vehicle (EV) giant’s expectation and is likely to affect its goal of creating a record for new vehicle delivery in […]

Alphabet Inc. (NASDAQ:GOOG) cybersecurity business, Chronicle, is being absorbed into Google and will join forces the company’s Cloud division

Alphabet Inc. (NASDAQ:GOOG) cybersecurity business, Chronicle, is being absorbed into Google and will join forces the company’s Cloud division

Alphabet Inc. (NASDAQ:GOOG) cybersecurity business, Chronicle, is being absorbed into Google and will join forces the company’s Cloud division Alphabet’s cybersecurity arm, Chronicle, is being absorbed into Google and will join forces the company’s Cloud division, Thomas Kurian, the company’s Cloud chief, wrote on Thursday. The move makes strategic sense for Google Cloud – which under the […]

Top 10 Best Tourist Attractions in Tokyo

Top 10 Best Tourist Attractions in Tokyo

Top 10 Best Tourist Attractions in Tokyo Tokyo, the capital city of Japan, is also home to the Imperial Palace and the seat of Government and Parliament. In East-Central Honshu, the largest of Japan’s main islands, this heavily populated city is well worth exploring. One of the world’s most modern cities in terms of its […]

Shanghai: SSE Composite Index (.SSEC) shares rally

Shanghai: SSE Composite Index (.SSEC) shares rally

Shanghai: SSE Composite Index (.SSEC) shares rally Chinese stocks closed higher on Thursday, with the 5G and liquor industries leading the bullish trend. The benchmark Shanghai Composite Index gained 0.69 percent to close at 2,996.79 points while the Shenzhen Component Index closed at 9,239.48 points, up 1.28 percent. The combined turnover in the two indices […]

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60

Silver 1 OZ 999 NY (XAG=X) resistance near $15.60 Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.  Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend. DAILY […]

Hong Kong: HANG SENG INDEX (.HSI) investors’ hopes of a trade truce between the United States and China rose ahead of a highly anticipated meeting between the countries’ leaders

Hong Kong: HANG SENG INDEX (.HSI) investors’ hopes of a trade truce between the United States and China rose ahead of a highly anticipated meeting between the countries’ leaders

Hong Kong: HANG SENG INDEX (.HSI) investors’ hopes of a trade truce between the United States and China rose ahead of a highly anticipated meeting between the countries’ leaders Shares in Hong Kong rose on Thursday, extending the previous day’s cautious gains, as investors’ hopes of a trade truce between the United States and China […]

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

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

Australia: S&P/ASX 200 (.AXJO) set to edge lower Australian shares are poised to edge lower at the open, amid directionless trading on Wall Street. ASX futures were down 15 points or 0.2% to 6554 near 7.25am AEST. The Australian dollar rose 0.3% to US69.85¢. The NZ dollar gained 0.6 per cent to US66.79¢. The 26-point […]

British Pound: USD/GBP (GBP=X) Holds Within a 50 pip Range

British Pound: USD/GBP (GBP=X) Holds Within a 50 pip Range

British Pound: USD/GBP (GBP=X) Holds Within a 50 pip Range There was some strong downside momentum in GBP/USD on Tuesday after it failed to cross an important resistance level. That momentum has died down significantly as the pair has fallen into a range. On a 4-hour chart, the 100 and 200-period moving averages appear to be containing […]

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls

Australian Dollar: USD/AUD (AUD=X) 10% undervalued Vs USD after 2018-2019 falls The Australian Dollar is undervalued by a double-digit percentage although correcting the mismatch between market prices and the intrinsic value of the Antipodean unit could be a long and drawn out process, according to new analysis from Commonwealth Bank of Australia. Australia’s currency is down almost 1% […]

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating Gold prices are lower in early U.S. trading Thursday on some more normal profit taking from the shorter-term futures traders, and on chart consolidation after hitting a six-year high of $1,442.90 in August futures on Tuesday. August gold futures were last down $6.70 an ounce at 1,408.70. July Comex silver […]

Singapore: STI Index (.STI) announced a new organisation structure and that Muthukrishnan Ramaswami, 62, will step down as president of SGX

Singapore: STI Index (.STI) announced a new organisation structure and that Muthukrishnan Ramaswami, 62, will step down as president of SGX

Singapore: STI Index (.STI) announced a new organisation structure and that Muthukrishnan Ramaswami, 62, will step down as president of SGX The Singapore Exchange (SGX) on Thursday (June 27) announced a new organisation structure and that Muthukrishnan Ramaswami, 62, will step down as president of SGX on Oct 1 after 12 years in the role. […]

Japanese Yen: USD/JPY (JPY=X) struggles to find direction

Japanese Yen: USD/JPY (JPY=X) struggles to find direction

Japanese Yen: USD/JPY (JPY=X) struggles to find direction After climbing to its highest level in more than two weeks at 108.16, the USD/JPY pair lost its traction in the last hours and erased its daily gains. As of writing, the pair was virtually unchanged on a daily basis at 107.84. The latest reports surrounding the […]

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome

Euro: USD/EUR (EUR=X) Volatility Slows as Investors Await G20 Summit Outcome Volatility in EUR/USD has slowed over the past few sessions as the pair has fallen into a range. There is some US data later today that stands to move the pair, however, the emphasis is on the G20 Summit later this week. Investors are hopeful that […]

NASDAQ Composite (.IXIC) rises on tech gains, trade hopes

NASDAQ Composite (.IXIC) rises on tech gains, trade hopes

NASDAQ Composite (.IXIC) rises on tech gains, trade hopes U.S. stocks rose on Wednesday as gains in chipmaker Micron boosted the technology sector and comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. “We were about 90% of the way there (with a […]

Dow Jones Industrial Average (.DJI) losing steam

Dow Jones Industrial Average (.DJI) losing steam

Dow Jones Industrial Average (.DJI) losing steam The Dow closed virtually flat on Wednesday, shrugging off the optimism about a US-China trade deal that propelled stocks higher earlier in the day. The Dow (INDU) finished in negative territory, down 12 points. The S&P 500 (SPX) also gave back its gains and closed 0.1% lower. The […]

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting

United States Oil (USO) some of the advance is tied to higher crude prices ahead of the G20 meeting U.S. oil prices climbed by nearly 3% on Wednesday, as the U.S. government reported a weekly drop of nearly 13 million barrels in domestic crude stocks. Gasoline futures also rallied on news of the planned closure […]

Coinbase Hit With Outage As Bitcoin Price Bitcoin: USD/BTC (BTC=X) Drops

Coinbase Hit With Outage As Bitcoin Price Bitcoin: USD/BTC (BTC=X) Drops

Coinbase Hit With Outage As Bitcoin Price Bitcoin: USD/BTC (BTC=X) Drops Crypto exchange Coinbase experienced a brief outage Wednesday afternoon, with both its website and API rendered temporarily inaccessible, as the price of bitcoin dropped more than $1,700 in the span of 15 minutes. According to Coinbase’s status page, the exchange reported major outages across […]

Alphabet Inc. (NASDAQ:GOOG) workers and investors demand accountability

Alphabet Inc. (NASDAQ:GOOG) workers and investors demand accountability

Alphabet Inc. (NASDAQ:GOOG) workers and investors demand accountability Of the five huge companies known as “cloud czars,” the one that has done worst for shareholders in 2019 is Alphabet (NASDAQ:GOOGL). These are the artists formerly known as Google. GOOGL stock’s first-half advance of 4.1% not only trails Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Microsoft […]

Facebook, Inc. (NASDAQ:FB) Libra is an ambitious plan to replace the US dollar as the primary currency for online and international transactions

Facebook, Inc. (NASDAQ:FB) Libra is an ambitious plan to replace the US dollar as the primary currency for online and international transactions

Facebook, Inc. (NASDAQ:FB) Libra is an ambitious plan to replace the US dollar as the primary currency for online and international transactions Let me put it this way – both Bitcoin (BTC-USD) and Facebook (FB) want to replace the world’s benchmark currency, but one wants to leave power in the hands of the people through […]

Tesla, Inc. (NASDAQ:TSLA) is developing the means to manufacture its own battery cells

Tesla, Inc. (NASDAQ:TSLA) is developing the means to manufacture its own battery cells

Tesla, Inc. (NASDAQ:TSLA) is developing the means to manufacture its own battery cells Tesla is developing the means to manufacture its own battery cells, according to five current and recent employees, something that the electric vehicle maker has relied on Panasonic to do since the companies signed an extensive partnership deal in 2014. The move […]

Apple Inc. (NASDAQ:AAPL) possible breakout

Apple Inc. (NASDAQ:AAPL) possible breakout

Apple Inc. (NASDAQ:AAPL) possible breakout Tech giant Apple Inc. (AAPL) is setting up for a major breakout. The stock that’s known for making the iconic iPhone and iPod devices has been coiling up in a classic wedge formation getting ready for a huge move. This wedge formation has been in the making since last October, […]

Amazon.com, Inc. (NASDAQ:AMZN) closing in on a buy opportunity

Amazon.com, Inc. (NASDAQ:AMZN) closing in on a buy opportunity

Amazon.com, Inc. (NASDAQ:AMZN) closing in on a buy opportunity Amazon.com (AMZN) is closing in on a buy opportunity that follows an eight-month base while gearing up for its largest shopping event of the year. The buy point of 1,964.50 will kick in if Amazon stock breaks out past that entry in a long cup-with-handle base […]

Alibaba Group Holding Limited (NYSE:BABA) developed a new website to double the number of global brands

Alibaba Group Holding Limited (NYSE:BABA) developed a new website to double the number of global brands

Alibaba Group Holding Limited (NYSE:BABA) developed a new website to double the number of global brands Alibaba Group Holding Ltd. has set up a new website to double the number of global brands on its flagship online mall, taking an important step toward fulfilling its global ambitions. The e-commerce giant began offering an English-language portal […]

Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m

Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m

Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m Sime Darby Plantation Bhd’s two indirect units have disposed of their entire equity interest in PT Mitra Austral Sejahtera to PT Inti Nusa Sejahtera for RM123.1 million. The two units are PT Ladangrumpun Suburabadi and PT Teguh Sempurna.  In a filing to Bursa Malaysia, the group […]

Hong Kong: HANG SENG INDEX (.HSI) investors looked for defensive plays heading into the high-stakes trade talks between presidents Donald Trump and Xi Jinping on Saturday

Hong Kong: HANG SENG INDEX (.HSI) investors looked for defensive plays heading into the high-stakes trade talks between presidents Donald Trump and Xi Jinping on Saturday

Hong Kong: HANG SENG INDEX (.HSI) investors looked for defensive plays heading into the high-stakes trade talks between presidents Donald Trump and Xi Jinping on Saturday Health care stocks were top gainers in China and Hong Kong stock exchanges, as investors looked for defensive plays heading into the high-stakes trade talks between presidents Donald Trump […]

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation

Australian Dollar: USD/AUD (AUD=X) Benefits from Trade Hopes and Central Bank Speculation Despite slightly dampened Federal Reserve interest rate cut bets, the Australian Dollar to US Dollar (AUD/USD) exchange rate has continued to advance this week so far. The Australian Dollar (AUD) continues to rebound from its recent lows due to numerous factors. Since hitting […]

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off

Australia: S&P/ASX 200 (.AXJO) local investors largely shrugged off a Fed-driven sell-off Australian shares closed slightly lower on Wednesday, as local investors largely shrugged off a Fed-driven sell-off on Wall Street on Tuesday. The S&P/ASX 200 Index slid 17.5 points, or 0.3 per cent, to 6640.5 while the broader All Ordinaries lost 18.4 points, or […]

Shanghai: SSE Composite Index (.SSEC) Expected Sideways Trading

Shanghai: SSE Composite Index (.SSEC) Expected Sideways Trading

Shanghai: SSE Composite Index (.SSEC) Expected Sideways Trading Chinese stocks closed mixed on Wednesday, with the benchmark Shanghai Composite Index down 0.19 percent, at 2,976.28 points. The Shenzhen Component Index closed 0.05 percent higher at 9,122.43 points. The combined turnover of stocks in the two indices stood at 391.7 billion yuan (about 57.02 billion U.S. […]

British Pound: USD/GBP (GBP=X) tumbled due to fresh comments from Federal Reserve officials

British Pound: USD/GBP (GBP=X) tumbled due to fresh comments from Federal Reserve officials

British Pound: USD/GBP (GBP=X) tumbled due to fresh comments from Federal Reserve officials After hitting its best levels in weeks yesterday, the British Pound to US Dollar (GBP/USD) exchange rate tumbled due to fresh comments from Federal Reserve officials. However, the US Dollar’s appeal was limited as the Fed remained dovish overall, and investors were […]

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion

Silver 1 OZ 999 NY (XAG=X) showing signs of confusion Silver markets went back and forth during trading on Tuesday, showing signs of confusion and exhaustion. This is a market that has been bullish, although not nearly as bullish as the Gold markets have been. But that in mind, it makes sense that we continue […]

Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00

Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00

Japanese Yen: USD/JPY (JPY=X) appears ripe for a pullback given the grind at support around the 107.00 Back on the short-side of the US Dollar, USDJPY has been an area of focus for the past month. The pair has done a fairly decent job of reflecting risk tonalities this year; flying-higher through Q1 as equity markets […]

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms The spot price of gold has continued to storm upwards, hitting a 6-year high in US dollar terms and a new all-time high in our local Aussie dollars. Spot prices overnight hit US$1,438 per ounce, which is the yellow metal’s highest price since […]

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches

Euro: USD/EUR (EUR=X) July Rate Cut Expectations Drop Following Fed Speeches Fed member speeches confirmed that the Fed is indeed ready to cut rates, just not at the pace that the markets believe it will. Powell held his stance that the Fed will act to sustain the recovery, similar to his rhetoric at the Fed […]

Asian Markets Mixed

Asian Markets Mixed

Asian markets are mixed this morning as the Hang Seng gains 46 points whilst the Nikkei225 is lower by 107 points. US Consumer debt is now above those levels seen in 2008 and the Global Financial Collapse and warnings have surfaced that a housing market slump could drive global growth to a 10 year low […]

Apple Inc. (NASDAQ:AAPL) can save time and increase consumers’ choices by moving production to the U.S.

Apple Inc. (NASDAQ:AAPL) can save time and increase consumers’ choices by moving production to the U.S.

Apple Inc. (NASDAQ:AAPL) can save time and increase consumers’ choices by moving production to the U.S. Last week, the Nikkei Asian Review reported that Apple (NASDAQ:AAPL) had asked its contract manufacturers to produce 30% of the iPhone’s components outside of China. The trade war is wreaking havoc on corporate supply chains, which is terrible for AAPL stock. But more importantly,  […]

Bitcoin: USD/BTC (BTC=X) new target along the $12,0000 psychological price tag

Bitcoin: USD/BTC (BTC=X) new target along the $12,0000 psychological price tag

Bitcoin: USD/BTC (BTC=X) new target along the $12,0000 psychological price tag Bitcoin has done it again, hitting a new 2019 high above $12,000 before retracing slightly. At 21:00 UTC on June 25, the world’s largest cryptocurrency by market capitalization broke from sideways trading after being held beneath $11,400 for over 11 hours. However, perhaps most […]

Amazon.com, Inc. (NASDAQ:AMZN) has been increasing its fulfillment centers at a rapid pace in the last few years

Amazon.com, Inc. (NASDAQ:AMZN) has been increasing its fulfillment centers at a rapid pace in the last few years

Amazon.com, Inc. (NASDAQ:AMZN) has been increasing its fulfillment centers at a rapid pace in the last few years Amazon had 58 fulfillment centers in 2014. This increased to 168 in 2019. The massive growth has also increased the labor cost for the company. Since 2014, the revenue increased by 160% while the employee headcount has […]

NASDAQ Composite (.IXIC) sinks 1.5% as tech-related stocks get clobbered

NASDAQ Composite (.IXIC) sinks 1.5% as tech-related stocks get clobbered

NASDAQ Composite (.IXIC) sinks 1.5% as tech-related stocks get clobbered Information technology shares and those related to telecoms suffered sharp losses Tuesday, as commentary from the Federal Reserve moderated hopes for a substantial reduction of benchmark borrowing costs. Rate-cut hopes have thus far underpinned equity market’s record rally. The Dow Jones Industrial Average DJIA, -0.67% […]

Dow Jones Industrial Average (.DJI) lower as investors reacted to dovish commentary from Fed

Dow Jones Industrial Average (.DJI) lower as investors reacted to dovish commentary from Fed

Dow Jones Industrial Average (.DJI) lower as investors reacted to dovish commentary from Fed The Dow and broader U.S. stock market declined sharply on Tuesday, as investors reacted to dovish commentary from Fed chief Jerome Powell that suggested central bankers were becoming ever-more concerned about the economy. Dow, S&P 500, and Nasdaq Sink in a Sea of Red All […]

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions

United States Oil (USO) Iran on Tuesday sharply criticized new U.S. sanctions U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran. “Slowing global growth and tensions with Iran are having an impact on the oil markets as investors […]

Alphabet Inc. (NASDAQ:GOOG) search content practices and strategy receiving attention from regulators

Alphabet Inc. (NASDAQ:GOOG) search content practices and strategy receiving attention from regulators

Alphabet Inc. (NASDAQ:GOOG) search content practices and strategy receiving attention from regulators As media reports keep arriving about the DOJ’s antitrust probe of Alphabet/Google, it looks more and more as if Google’s search content practices and strategy will get some attention from regulators. If this part of the DOJ’s probe results in major changes to […]

Tesla, Inc. (NASDAQ:TSLA) could be on the verge of a quarterly record for vehicle deliveries

Tesla, Inc. (NASDAQ:TSLA)  could be on the verge of a quarterly record for vehicle deliveries

Tesla, Inc. (NASDAQ:TSLA) could be on the verge of a quarterly record for vehicle deliveries Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric-car maker will need to go “all out” in the last few days of the month, Chief Executive Officer Elon Musk wrote in an […]

Can Microsoft Corporation (NASDAQ:MSFT) Stay on Top?

Can Microsoft Corporation (NASDAQ:MSFT) Stay on Top?

Can Microsoft Corporation (NASDAQ:MSFT) Stay on Top? Tuesday morning brought modest declines to the stock market, falling back from near-record levels as investors tried to get a handle on a wide variety of issues. Fears that the U.S. economy could fall into recession if the Federal Reserve doesn’t intervene seemed to gain momentum, pushing 10-year […]

Getting into crypto could hamper Facebook, Inc. (NASDAQ:FB) stock

Getting into crypto could hamper Facebook, Inc. (NASDAQ:FB) stock

Getting into crypto could hamper Facebook, Inc. (NASDAQ:FB) stock One would think, given the amount of regulatory scrutiny Facebook (NASDAQ:FB) faced of late, CEO Mark Zuckerberg would lay low for a while even if only to protect Facebook stock. One would be wrong in making such an assumption, however. Even as antitrust investigations of it and Apple (NASDAQ:AAPL) get […]

Hong Kong: HANG SENG INDEX (.HSI) traders remained cautious ahead of a highly anticipated meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Hong Kong: HANG SENG INDEX (.HSI) traders remained cautious ahead of a highly anticipated meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Hong Kong: HANG SENG INDEX (.HSI) traders remained cautious ahead of a highly anticipated meeting between U.S. President Donald Trump and Chinese leader Xi Jinping Asian stocks fell in morning trade on Tuesday, as traders remained cautious ahead of a highly anticipated meeting between U.S. President Donald Trump and Chinese leader Xi Jinping. China’s Shanghai […]

Top 10 Restaurants in Tokyo

Top 10 Restaurants in Tokyo

Top 10 Restaurants in Tokyo Boasting the most Michelin-starred restaurants of any city in the world and dominating San Pellegrino’s list of the best 50 restaurants in Asia, it’s no secret that Tokyo offers one of the best dining scenes on the planet. Tokyo’s dining options are so diverse and outstanding that we decided to […]

Shanghai: SSE Composite Index (.SSEC) investors locking in profits

Shanghai: SSE Composite Index (.SSEC) investors locking in profits

Shanghai: SSE Composite Index (.SSEC) investors locking in profits Chinese shares ended lower on Tuesday, snapping a six-day streak of gains, as investors locked in profits, while concerns that China and the United States would make little headway toward resolving their bitter trade war this week also hurt sentiment. At the close, the Shanghai Composite […]

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