Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside The Japanese Yen has managed to fend off challenges from Dollar bulls since late February with the psychological 112.00 level remaining out of reach for USD/JPY. The pair did manage to poke above that point on an intraday basis on February 28 and again on March […]
Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote The EUR/USD is expected to respond positively irrespective of the outcome of the Brexit vote today. Currently, there are three possible outcomes. That UK MPs reject May’s proposed deal that is already agreed with the EU, resulting in a […]
Singapore: STI Index (.STI) Exchange Has New Challenge From HKEX China Share Move Moves by Hong Kong’s stock exchange to start trading derivatives contracts based on Chinese-listed shares pose a new competitive threat to rival Singapore Exchange Ltd. Hong Kong Exchanges & Clearing Ltd. announced on Monday it signed an agreement with index provider MSCI […]
Shanghai: SSE Composite Index (.SSEC) lacks support from economic fundamentals China stocks ended higher on Tuesday as Beijing and Washington appeared to edge closer to a trade deal, but worries about economic headwinds at home tamed the market’s rise. At the close, the Shanghai Composite index was up 1.1 percent at 3,060.31 points, while the […]
New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment The New Zealand Dollar (NZD) received a boost Friday after broad based declines in the US Dollar (USD) took the kiwi off the low of 0.6744 to close at 0.6800. This week the theme has continued with a mix […]
Hong Kong: HANG SENG INDEX (.HSI) post gains of more than 1% Asian stocks rallied Tuesday, following strong gains on Wall Street that snapped five straight days of losses. Investors may have also been buoyed by increased optimism over a Brexit vote in the British Parliament later in the day after Prime Minister Theresa May […]
Gold 1 OZ (XAU=X) All Signs Point To Higher Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. “My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying ‘we […]
British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach The British Pound rose to record fresh multi-month highs against the Euro and rallied towards recent multi-month highs against the Dollar following a last-gasp attempt by the EU and UK to secure a Brexit deal. Overnight, UK Prime Minister Theresa May flew to […]
Alphabet Inc. (NASDAQ:GOOG) agreed to pay $135 million to two former executives accused of sexual harassment Google agreed to pay $135 million to two former executives accused of sexual harassment, it confirmed to The Verge today. We now know from a newly unsealed lawsuit that former senior search vice president Amit Singhal was initially offered $45 million, […]
Alibaba Group Holding Limited (NYSE:BABA) stock rallies, investors may be ignoring key risks As I’ve written before, Alibaba (NYSE:BABA) is one of the more interesting stocks in the market. To bulls, the story is almost self-evident. BABA stock offers exposure to the enormous and still fast-growing Chinese market. And even with a 34% rally year-to-date, Alibaba […]
Facebook, Inc. (NASDAQ:FB) stocks jumps 2.5% after Instinet upgrades to buy Instinet analysts upgraded Facebook Inc. stock FB, +1.46% to buy from neutral on Monday, and raised its price target to $215 from $172. Analyst Mark Kelley said he had downgraded the stock last year because he thought the transition to the video-sharing feature Stories […]
Tesla, Inc. (NASDAQ:TSLA) Reverses Plans To Close Stores Tesla stock moved up Monday after the electric car maker disclosed plans late Sunday to keep some of its U.S. stores open, opting instead to raise prices on its high-end vehicles by about 3%. In late February, Tesla (TSLA) said it planned to close most of its […]
Dow Jones Industrial Average (.DJI) Futures Signal More Gains For Stock Market Rally Dow Jones futures rose modestly late Monday, along with S&P 500 futures and Nasdaq futures, after the current stock market rally roared back from five straight losses. Growth stocks led Monday, with Palo Alto Networks stock, Synopsys stock, Adobe stock and SS&C […]
Netflix, Inc. (NASDAQ:NFLX) Will Remain King of the Streaming Jungle I recall nearly 17 years ago when my child was still a toddler and regular trips to Blockbuster were the norm for renting videotapes and DVDs. At the same time, the upstart Netflix, Inc.(NASDAQ:NFLX), was challenging the status quo in the way movies were rented. The alternative offered […]
Apple Inc. (NASDAQ:AAPL) might be a good time for investors to consider buying Shares of Apple AAPL jumped over 3% Monday after Bank of America BAC upgraded the iPhone giant’s stock. The climb helps continue Apple’s 2019 positivity, which means now might be a good time for investors to consider buying Apple stock on the […]
United States Oil (USO) production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields U.S. oil production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields, now dominated by smaller producers, International Energy Agency officials said at […]
The Boeing Company (NYSE:BA) shares tumble following fatal crash in Ethiopia Shares in aircraft manufacturer Boeing fell by more than 10 per cent during the session, after some airlines moved to ground its 737 MAX 8 planes following a fatal crash in Ethiopia. The 737 MAX 8 was the same model of aircraft that crashed into the […]
Bitcoin: USD/BTC (BTC=X) $4,000 resistance holds Bitcoin prices traded lower on Monday, falling more than 1% as the best-known cryptocurrency failed to breach short-term resistance at $4,000. In early afternoon trade on Monday, a single bitcoin BTCUSD, -0.60% was changing hands at $3,839.00, down 1.5% since Sunday’s level at 5 p.m. Eastern time on the Kraken exchange. The […]
Amazon.com, Inc. (NASDAQ:AMZN) to Expand Streaming Business Amazon is currently trying to buy the New York Yankees’ regional sports network, according to reports from the New York Post and other outlets. An Amazon-led group of investors, which also includes the New York Yankees, is said to be nearing a deal that would see the e-commerce […]
NASDAQ Composite (.IXIC) surge in broad rally Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite. China’s main bourses […]
Shanghai: SSE Composite Index (.SSEC) weaker than expected Chinese loan and money supply data raised expectations of further action to spur the slowing economy Shares were mostly higher in Asia on Monday as investors awaited further developments in trade talks between the U.S. and China. The Shanghai Composite jumped 1.9 percent to 3,026.99 and the […]
Japanese Yen: USD/JPY (JPY=X) could see a bounce The US dollar fell hard against the Japanese yen initially during the trading session on Friday after the ¥111.50 level gave away. Beyond that, we had a jobs number that was horrific, in the sense that only 20,000 jobs were added last month, as opposed to the expected […]
Hong Kong: HANG SENG INDEX (.HSI) Chinese officials boosted investor hopes of policy support for a slowing economy Hong Kong shares rebounded on Monday after two straight sessions of losses amid cautious optimism that China and the United States will work out a trade deal, and as Chinese officials boosted investor hopes of policy support […]
Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term The Australian Dollar is trading lower on Monday. There has been to follow-through to the upside following Friday’s potentially bullish closing price reversal bottom. Friday’s volatile price action was fueled by short-covering related to the mixed U.S. Non-Farm Payrolls report. We could […]
Singapore: STI Index (.STI) China-US trade talks drag on Shares were mostly higher in Asia on Monday as investors awaited further developments in trade talks between the U.S. and China. The Shanghai Composite jumped 1.9 percent to 3,026.99 and the Hang Seng in Hong Kong gained 0.9 percent to 28,494.76. Japan’s Nikkei 225 index added 0.5 […]
UK FTSE 100 (.FTSE) equities got a lift from the pound’s downturn and from buoyant miners The FTSE 100 made the expected solid start to the week as the pound took a tumble, bolstered as well by strength in commodity plays. in early trading, the blue-chip index was up 56 points (0.8%) at 7,160, with […]
Euro: USD/EUR (EUR=X) traders await German data EUR/USD struggles around 1.1230 while heading towards European sessions on Monday. The pair fall short of extending Friday’s NFP-backed recovery as recent comments from the Fed Chair Jerome Powell gave little importance to the data miss. Monthly readings of German trade balance and industrial production could offer intermediate […]
Australia: S&P/ASX 200 (.AXJO) investors continue to reposition for slowing global growth Australian shares are poised to extend losses from Friday as investors continue to reposition for slowing global growth. ASX futures down 14 points. The latest trigger came from the February US jobs report; the economy there added a mere 20,000 jobs last month v expectations […]
New Zealand Dollar: NZD/USD (NZD=X) break above 0.68 to see further upside NZD/USD is trading around 0.68 handle at 0545 GMT, up 0.02% at the time of writing. The pair has bounced off strong support at 200-DMA and we see weakness only on break below. Price action is holding above 5-DMA and technical studies are […]
British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote The Pound (GBP) was left on the defensive at the end of last week, falling against the majority of its peers amidst concerns about the progress on Brexit talks between the UK and EU. This comes ahead of a vote on Theresa May’s Brexit deal on […]
The Boeing Company (NYSE:BA) 737 Max crash operated by Ethiopian Airlines is bringing out equity bears News of a Boeing Co. 737 Max crash operated by Ethiopian Airlines is bringing out equity bears. Futures contracts on the Dow Jones Industrial Average Index — where Boeing has the largest weighting — slid as much as 0.7 […]
Bitcoin: USD/BTC (BTC=X) Stable Above $3,900 Last week, the price of Bitcoin was in a bullish trend. The crypto’s price was trading above the $3900 and was attempting to break the resistance level. Each time the bulls tested the $4000 resistance level, the crypto’s price will fall to the bearish trend zone. On March 9, […]
Dow Jones Industrial Average (.DJI) Trade Mixed Chinese shares outperformed, paring some of Friday’s losses with stocks in Japan, Hong Kong and European futures also higher. Equities in Australia slipped and fluctuated in South Korea. Ten-year Treasury yields were little changed near their lowest in two months as Federal Reserve Chairman Jerome Powell reiterated he […]
Promises of innovation won’t necessarily convince consumers or boost Apple Inc. (NASDAQ:AAPL) stock Apple (NASDAQ:AAPL) CEO Tim Cook certainly used all the right buzz words and enthusiasm-stoking terms at the company’s annual meeting in early March, hoping to convince the owners of Apple stock that the future would be brighter than the recent past has felt. […]
Delta Air Lines, Inc. (NYSE:DAL) stock could jump into the mid-$60s per share Delta Air Lines Inc stock could jump into the mid-$60s per share from around $50 now if it can hit its earnings target of $6 to $7 a share this year, up from $5.65 in 2018, according to an analyst in a […]
Alibaba Group Holding Limited (NYSE:BABA) will pay US$693.3 million for a 49 per cent stake in a new unit that will control 29.9 per cent of STO Alibaba Group Holding plans to buy a stake in Chinese courier service firm STO Express, as the e-commerce juggernaut expands its networks. Alibaba will pay 4.66 billion yuan […]
Tesla, Inc. (NASDAQ:TSLA) will raise vehicle prices by about 3 percent on average worldwide Electric carmaker Tesla (NASDAQ:TSLA) Inc said on Sunday it will raise vehicle prices by about 3 percent on average worldwide as it plans to keep more retail stores open. Tesla said the current prices are valid until March 18 and the […]
NASDAQ Composite (.IXIC) Is it time to start panicking? Is it time to start panicking? Stocks ended much lower on Friday as investors begin to re-assess their risk tolerance after more data suggested a global economic slowdown could be imminent. A weak jobs report seemingly caught investors off guard, pushing the Dow Jones Industrial Average […]
United States Oil (USO) Going to be a market with tremendous volatility “It’s going to be a market with tremendous volatility,” said Carlos Pascual, IHS Markit senior vice president. “In 2018, the price of [Brent] oil went between $50 and $86 a barrel, but the average was $70. For the person looking at it and […]
Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower A stronger U.S. Dollar kept a lid on gold prices most of the week as investors responded to dovish announcements from major central banks including the Bank of Canada and the European Central Bank. In the Euro Zone on Thursday, European Central Bank President Mario Draghi said the European economy […]
Silver 1 OZ 999 NY (XAG=X) slipping to its lowest since late December Metal traders will continue to monitor gyrations in the U.S. dollar this week after gold prices rose almost 1% on Friday as a weak U.S. employment report sent the greenback lower and clouded the outlook for the global economy. Markets will get […]
Australia: S&P/ASX 200 (.AXJO) has outperformed its global peers so far this year The outperformance of the Australian benchmark versus other developed markets appears to have run its course, as the prospect of interest rate cuts is overtaken by concerns around slackening earnings growth amid a global economic slowdown. Fund managers say that growth stocks […]
Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC USD/CAD recorded strong gains for a second successive week, climbing close to 1 percent. There are only two events on the calendar in the week ahead. Here is an outlook for the highlights of this week and an updated technical analysis for USD/CAD. The Bank of Canada maintained the […]
Japanese Yen: USD/JPY (JPY=X) BoJ in Focus BSI larger manufacturing conditions figures for the 1st quarter are due out on Monday. The data is unlikely to have an impact on the Yen, which will continue to be driven by market risk sentiment. The markets will need to consider the BoJ’s monetary policy decision on Friday. The […]
Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely The Australian dollar had an uneventful week, as AUD/USD continues to hover just above the round number of 70. There are only three events in the upcoming week.Here is an outlook for the highlights of this week and an updated technical analysis for AUD/USD. The RBA […]
Euro: USD/EUR (EUR=X) is on the slide The EUR/USD has had a week to forget for the most part, but the good news is that we saw a bit of a bounce on Friday. The main story of the week was the changing guidance from the ECB and more bank loans, in a bid to […]
Investors in funds that track MSCI indexes will soon have more exposure to Shanghai: SSE Composite Index (.SSEC) stocks and a brutal totalitarian regime Global index provider MSCI recently announced it would quadruple the percentage of China A shares—shares of companies that trade on mainland exchanges like Shanghai and Shenzhen and were previously available only […]
Hong Kong: HANG SENG INDEX (.HSI) concerns surrounding global growth mounted Stock markets across Asia sank on Friday as concerns surrounding global growth mounted, with the region’s benchmark index posting its biggest plunge of the year. Chinese shares fell the most as traders took a sell rating from the nation’s largest brokerage as a sign […]
British Pound: USD/GBP (GBP=X) volatility is expected to increase further Next week the UK Parliament will vote on a series of Brexit Bills which will decide the short- and long-term future relationship between the UK and the EU. On Tuesday, PM May’s current Brexit Bill is re-presented to the House and is likely to be […]
February was basically a month long holiday in China so reading too much in to the trade data from last month is dangerous. The important news out of China were the various moves Xi has made to stimulate local demand and FDI. The consumer price index in China fell to its lowest level in a […]
Beijing is hopeful about its next round of trade talks with the US, China’s vice minister for commerce said Saturday, after revealing that top negotiators had tried to hammer out a deal over burgers and eggplant chicken. China and the United States have been locked in a bruising trade war since last year, imposing tit-for-tat […]
NASDAQ Composite (.IXIC) Log Worst Losing Streaks Since December Thursday’s session closes with the NASDAQ Composite Index at 7,421.46. The total shares traded for the NASDAQ was over 2.58 billion. Declining stocks led advancers by 2.13 to 1 ratio. There were 1004 advancers and 2140 decliners for the day. On the NASDAQ Stock Exchange 18 […]
The Malaysian Securities Commission has published a list of digital asset exchanges which were permitted to continue their operation for a transitional period from 15 January until 1 March 2019. This list can be found at the bottom of the page. Ezytronics has made the list, huge news for CIIT. Following the release of the […]
Bitcoin: USD/BTC (BTC=X) another attempt to confirm the long-term double bottom reversal pattern Bitcoin might be making another attempt to confirm the long-term double bottom reversal pattern as it heads back to test the neckline resistance. A break higher could confirm that a climb of the same height as the chart formation might follow. The […]
Toga Limited (OTC:TOGL) Heffx Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.83. The projected upper bound is: 2.00. The projected lower bound is: 0.80. The projected closing price is: 0.90. Candlesticks WARNING: These […]
Tesla, Inc. (NASDAQ:TSLA) Elon Musk could face a suspension for tweets the SEC said were not properly vetted Tesla CEO Elon Musk is facing pretty significant fines and a possible suspension as CEO for recent activity on Twitter that federal regulators said violated his Sept. 29 settlement with the Securities and Exchange Commission, securities lawyers say. Musk and Tesla […]
NaturalShrimp Incorporated (OTC:SHMP) Heffx Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.58. The projected lower bound is: 0.20. The projected closing price is: 0.34. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]
Netflix, Inc. (NASDAQ:NFLX) stock has more than $100 potential upside After two months of straight-up rallying in the equity markets this year, we’ve recently hit a stumbling block. So we are now seeing some downside pressure but from relatively high altitudes. For example, yesterday the S&P 500 fell 0.6% yet the so-called fear index VIX […]
Facebook, Inc. (NASDAQ:FB) stock might be back in the doghouse thanks to Zuckerburg’s long-term vision Despite facing numerous scandals and suffering alongside the broader market in 2018’s end-of-year slump, Facebook (NASDAQ:FB) has managed to power through the chaos, up 27% year-to-date in 2019. But the comeback in Facebook stock hasn’t been without hurdles, and FB may have just […]
Apple Inc. (NASDAQ:AAPL) Target $185 Apple had a roller coaster year in 2018. In late summer, the company broke above $1 trillion in total market cap, making it the first publicly traded company to reach that milestone. The stock climbed above $225 per share in September, and reached an all-time high of $230 in October, […]
Dow Jones Industrial Average (.DJI) Continues Normal Pullback The stock market continued to pull back Thursday morning, as the Dow Jones Industrial Average and S&P 500 headed toward their seventh loss in eight sessions. Financial data and news came in mixed. After 10 straight weeks of gains for the Nasdaq composite, the market was due […]
United States Oil (USO) OPEC output to its lowest in nearly four years Oil futures posted a gain on Thursday, buoyed by data showing a fall in February OPEC output to its lowest in nearly four years. On Wednesday, prices for U.S. benchmark crude oil had finished lower after U.S. government data revealed a hefty […]
Twitter, Inc. (NYSE:TWTR) added to efforts to address concerns over privacy protection on social media Twitter Inc. on Thursday added to efforts to address concerns over privacy protection on social media. Privacy has become a critical issue for social media and tech companies, particularly since news reports last year revealed political consultancy Cambridge Analytica improperly […]
Baidu, Inc. (NASDAQ:BIDU) spending now to ensure future success After spending the first half of 2018 in investors’ good graces, Baidu (NASDAQ:BIDU) has fallen out of favor yet again. As late as May of last year, China’s internet search leader was clocking all-time highs but had lost more than 40% of its value going into its latest earnings […]
The Boeing Company (NYSE:BA) Argus’ John Eade maintained a Buy rating Shares of Boeing Co (NYSE: BA) have appreciated a whopping 27 percent over the past quarter, versus a 3-percent increase in the S&P 500. Since the turn of 2019, the industrial sector has been boosted by constructive trade talks between the U.S. and China, according to Argus. […]
Vystar Corporation (OTC:VYST) Heffx Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.12. The projected lower bound is: 0.02. The projected closing price is: 0.07. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]
Silver 1 OZ 999 NY (XAG=X) looks as if the US dollar boost will work against silver Silver markets fell a bit during the trading session on Thursday, reaching down towards the $15.00 level during the day as the US dollar picked up strength, and the Euro of course fell. There is a major stabilizing factor […]
Euro: USD/EUR (EUR=X) Searches for Support EUR/USD tumbles to fresh yearly lows as the European Central Bank (ECB) plans to implement another round of Targeted Long-Term Refinance Operations (TLTRO), and the exchange rate may continue to search for support over the coming days as clears the 2018-low (1.1216). The announcement suggests the ECB will continue to […]
Japanese Yen: USD/JPY (JPY=X) should remain very calm The US dollar has done very little against the Japanese yen during trading on Thursday, as we continue to bounce around between the ¥112 level on the top, and the ¥111.50 level on the bottom. Looking at this chart, it’s obvious that we are simply waiting for some type […]
Australia: S&P/ASX 200 (.AXJO) pointing lower The Australian share market looks set to finish the week on a disappointing note. According to the latest SPI futures, the ASX 200 is poised to open the day lower by 24 points or 0.4%. This follows a weak night of trade on Wall Street. Late in the session […]
British Pound: USD/GBP (GBP=X) Faces a more Difficult Road Reports out Thursday suggest Brexit talks between the EU and UK are close to breaking down, suggesting Prime Minster Theresa May’s Brexit deal will be shot down next week in what could amount to a substantial shift in sentiment for the British Pound. “Backstop talks on […]
Singapore: STI Index (.STI) lack of direction The Singapore stock market has finished lower in two straight sessions, sliding almost 20 points or 0.6 percent along the way. The Straits Times Index now rests just above the 3,220-point plateau and it may take further damage again on Thursday. The global forecast for the Asian markets […]
Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019 The Australian Dollar recovered off earlier lows Thursday after official data revealed a sharp increase in the January trade surplus, which offered support to the Aussie even after other figures showed household spending growth was underwhelming early in the New […]
Hong Kong: HANG SENG INDEX (.HSI) retreat as uncertainty over U.S.-China trade deal grows Asian shares were mostly lower Thursday as optimism about progress in trade talks between the U.S. and China started wearing off. Japan’s benchmark Nikkei 225 NIK, -0.65% slipped 0.8% in early trading. Australia’s S&P/ASX 200 XJO, +0.29% edged up nearly 0.3% […]
Shanghai: SSE Composite Index (.SSEC) markets there have lagged the performance of the wider benchmark Underneath the surface of the solid stock-market rally across Asia, there’s one spot where investors are seeing signs of some sputtering: Southeast Asia. Despite strong economic growth and bullish expectations for the future, markets there have lagged the performance of […]
Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020 Gold edged lower overnight, holding near a multi-week low as the US dollar gained against the euro after the European Central Bank postponed an interest rate hike, but the bank’s gloomy economic outlook limited the metal’s fall. Spot […]
Nick Leeson is a name you should all know an excellent trader that was sold out by the management of Bearings after the dimwitted Lawyers made his accumulated positions a disaster, while they may not have been great positions the staggering losses they generated were as a result of Lawyers overstepping their boundaries and making […]
Facebook, Inc. (NASDAQ:FB) stock is gaining renewed upside momentum Investor fund flows relative to Facebook shares turned favorable for the stock into the turn of the year. The power of Facebook’s business model should reassert the case for the growth stock and draw investors back in as the company reports its earnings results each quarter. […]
Bitcoin: USD/BTC (BTC=X) raised the odds of a rally to the psychological hurdle of $4,000 With bitcoin’s (BTC) quick reversal of the losses seen on Monday, the technical charts are again pointing to a rally to $4,000. The leading cryptocurrency by market capitalization jumped to a high of $3,877 yesterday, before seeing a UTC close […]
Costco Wholesale Corporation (NASDAQ:COST) due to report fiscal second-quarter earnings Costco is due to report fiscal second-quarter earnings on Thursday, after the close of regular trading. Analysts are expecting earnings of $1.69 a share and revenue of $35.61 billion. The stock slipped after Costco’s most recent update, when it reported same-store sales rose 5.2% in […]
United States Oil (USO) fuel stockpiles offsets a surge in crude inventories Oil prices were mixed in choppy trade on Wednesday, after government data showed a surge in weekly U.S. crude stockpiles that was partly offset by a drop in the nation’s inventories of refined fuel. A drop in U.S. equity indexes also weakened sentiment in crude […]
NASDAQ Composite (.IXIC) investors await fresh update on trade US stocks closed in the red Wednesday, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index all closing lower, as market sentiment soured following tepid growth shown by the latest Beige Book report from the Federal Reserve, the trade deficit hitting a 10-year […]
Alphabet Inc. (NASDAQ:GOOG) about to be hit with a new tax bill in Europe Big tech companies including Facebook, Google, and Amazon are going to have start paying billions more in tax in Europe after lawmakers demand they contribute more to the public purse. France has joined the UK in setting out plans to tax […]
Microsoft Corporation (NASDAQ:MSFT) Reportedly Planning to Launch a Disc-Less Xbox One S Here’s why the software giant might be doing so. Over the course of the current Microsoft (NASDAQ:MSFT) Xbox One product cycle, the software giant has released multiple improvements and iterations. Following the launch of the original Xbox One, Microsoft launched the Xbox One S, which was […]
Dow Jones Industrial Average (.DJI) took nearly 100 points in losses on Wednesday while Donald Trump continues to push a new trade deal with China The Dow and broader U.S. stock market trended lower on Wednesday, as President Donald Trump set his sights on a comprehensive trade agreement with China. At this stage, a China […]
Intel Corporation (NASDAQ:INTC) investors are becoming more optimistic about its prospects Shares of Intel (NASDAQ:INTC) gained 12.4% in value last month, according to data provided by S&P Global Market Intelligence. After treading water for much of 2018, Intel stock rebounded in January along with the broader market. In February, the momentum from the positive fourth-quarter earnings report in late January, along […]
General Electric Company (NYSE:GE) issued a gloomy outlook for 2019 General Electric — Shares of the global industrial company fell 7.9 percent Wednesday, adding to Tuesday’s losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst […]
Investors shouldn’t let Starbucks Corporation (NASDAQ:SBUX) cult following fool them into buying Starbucks stock at current levels Starbucks (NASDAQ:SBUX) stock is now trading at $71.20, which is just pennies below the all-time high in the price. So, the question becomes, do you wake up, smell the coffee and buy Starbucks stock? The return for SBUX stock […]
Target Corporation (NYSE:TGT) starting to look very appealing at current levels It was a victory lap quarter for Target (TGT). The Minneapolis-based retailer reported, on March 5, a modest all-around beat that had, in part, been anticipated in the company’s holiday sales report. Perhaps more meaningful was a 2019 EPS guidance of $5.90, at the mid-point of […]
The Boeing Company (NYSE:BA) slips after Qatar Airways said it was not interested in the planemaker’s mid-sized aircraft Boeing Co. shares slipped lower Wednesday, pulling the Dow deeper into the red, after Qatar Airways said it was not interested in the planemaker’s mid-sized aircraft even after phasing out jumbo jets purchased from European rival Airbus […]
Alibaba Group Holding Limited (NYSE:BABA) remains largest global short Alibaba Group Holding Ltd.’s short sellers have gotten burned this year as optimism about a possible trade resolution has lifted the company’s American depositary shares. Short interest in Alibaba BABA, -0.45% has grown faster than general short interest in Hong Kong/China names so far in 2019, according to data […]
Amazon.com, Inc. (NASDAQ:AMZN) will close all of its pop-up locations in the U.S. beginning next month Amazon will close all of its 87 pop-up locations in the U.S. in April, the company said Wednesday. Amazon has pop-ups inside Whole Foods locations, Kohl’s stores and malls around the U.S. The shops let customers try Amazon products — […]
Apple Inc. (NASDAQ:AAPL) could ride a wave of optimism heading into that summit After months of negotiation, the U.S. is reportedly close to entering a trade agreement with China, a deal that could be sealed at a summit between President Donald Trump and Chinese President Xi Jinping at the end of the month. Tech stocks […]
Tesla, Inc. (NASDAQ:TSLA) stock is falling out of a four-month consolidation range Tesla stock is falling out of a four-month consolidation range, testing lows not seen since October. This marks a drop of more than 25% from its December highs. Headlines have been brutal lately, from CEO Elon Musk tussling with the Securities and Exchange […]
Shanghai: SSE Composite Index (.SSEC) rises bolstered by hopes Beijing will pursue more stimulus this year to underpin the cooling economy China’s major stock indexes climbed on Wednesday, hovering near a nine-month high, bolstered by hopes Beijing will pursue more stimulus this year to underpin the cooling economy, even as investors watched for developments in […]
Canadian Dollar: USD/CAD (CAD=X) opportunity for an eventual up-move towards reclaiming the 1.3400 round figure mark • The pair built on last week’s strong up-move and continued scaling higher through the mid-European session on Tuesday to hit multi-week tops in the last hour. • Yesterday’s bullish break through a short-term descending trend-line resistance was […]
Silver 1 OZ 999 NY (XAG=X) target $17.5 an ounce Goldman Sachs is turning lukewarm on the general commodity index but the firm remains positive on gold and silver, increasing its forecast for the precious metal in its latest commodities report. In a report published Monday, commodity analysts at Goldman Sachs raised their forecast by $25 across the […]
British Pound: USD/GBP (GBP=X) focus will be on U.S. employment numbers for the remainder of the week GBP/USD continues to lose ground in the Tuesday session. In North American trade, the pair is trading at 1.3138, down 0.32% on the day. The pound has dropped 1.4% since February 28. In economic news, British Services PMI […]
Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar Gold prices slipped overnight to their lowest in more than five weeks as the US dollar rose on stronger than expected economic data and rising US Treasury yields. Spot gold was down 0.1 per cent at $US1,285.57 per ounce. […]
Hong Kong: HANG SENG INDEX (.HSI) edges higher helped by optimism for policy support from China as the National People’s Congress began in Beijing Hong Kong shares edged higher on Wednesday morning, helped by optimism for policy support from China as the National People’s Congress began in Beijing this week. The Hang Seng Index added […]