Dragon Boat Festival, also known as Duanwu Festival, is a traditional and important celebration in China. Dragon Boat Festival 2019 falls on June 7 (Friday). China will have 3 days of holiday from Friday (June 7) to Sunday (June 9), and we will be back at work on Monday , June 10. Simple Facts to Understand […]
Australian Dollar: USD/AUD (AUD=X) releases AIG Construction Index and Home Loans AUD/USD has posted slight gains in the Thursday session, erasing most of the losses seen on Wednesday. In North American trade, AUD/USD is trading at 0.6985, up 0.23% on the day. In Australia, the trade surplus narrowed to A$4.87 billion in April, down from […]
FTSE Bursa Malaysia KLCI (.KLSE) opens lower on global trade concerns Bursa Malaysia was easier in early trade, reversing yesterday’s gains due to weak sentiment brought on by concerns over global trade growth and as tensions between economic powerhouses, the United States and China continues to escalate. At 9.40am, the key FBM KLCI eased 3.08 […]
Hong Kong: HANG SENG INDEX (.HSI) investors hoping for a compromise in tariff talks between the United States and Mexico Hong Kong shares finished higher on Thursday after a cautiously positive session, with investors hoping for a compromise in tariff talks between the United States and Mexico. The Hang Seng Index rose 0.26 per cent, […]
Silver 1 OZ 999 NY (XAG=X) firmly higher lifted in part by the U.S. dollar index Gold and silver prices are firmly higher in early U.S. trading Thursday, lifted in part by the U.S. dollar index that is selling off again today. Chart-based buying is also featured in both metals as their technical postures have […]
Singapore: STI Index (.STI) lacklustre trade as persistent concerns about global economic activity Most Southeast Asian markets were flat on Thursday in lacklustre trade as persistent concerns about global economic activity and escalating trade wars weigh on investor sentiment. Investors were cautious after the International Monetary Fund on Wednesday warned that the Sino-U.S. tariffs could […]
British Pound: USD/GBP (GBP=X) uncertainty about Brexit and Trump’s trade wars weigh Pound bulls have probably breathed a sigh of relief after Mark Carney, Governor of the Bank of England, refrained from causing carnage – skipping recent developments in his speech. However, that is as far as relief goes. One day before PM Theresa May […]
Shanghai: SSE Composite Index (.SSEC) worries persist over the country’s economic momentum China’s major stock indexes fell on Thursday to close at near four-month lows, as worries persisted over the country’s economic momentum amid a bruising trade war with the United States which shows no signs of easing. The blue-chip CSI300 index fell 0.9% to 3,564.68, […]
Japanese Yen: USD/JPY (JPY=X) awaiting the job numbers The US dollar has gone back and forth during the trading session on Thursday against the Japanese yen but it seems as if the pullback is starting to stick a little bit as the ¥108 level has been a bit of a magnet for price. Just below there […]
Top 10 Hotels in China Maintaining its ancient traditions while racing into the future at the speed of light, China is an astonishing destination for many travelers. Its blend of old and new makes it one of the most fascinating countries on the planet. Whether you’re interested in cultural highlights, the great outdoors or urban nightlife, […]
Gold 1 OZ (XAU=X) Target $3000 Gold hitting $3,000 isn’t just a belief, it’s a “monetary science”, and will happen sooner or later said Dan Oliver, founder of Myrmikan Capital. Oliver said that the Federal Reserve has printed enough money to cause over-capacity in our economy and create a bubble that’s ready to burst. “When […]
Bitcoin: USD/BTC (BTC=X) Price Drops Just as Gold Bull Breakout Begins Bitcoin price in recent days has started a long-overdue correction following a powerful multi-month, parabolic rally that took the price of the crypto asset from a trading range between $3,000 and $4,000, to local highs of over $9,000. But as the cryptocurrency dubbed as digital gold’s bullish […]
Apple Inc. (NASDAQ:AAPL) Outpaces Stock Market Gains Apple (AAPL) closed at $182.54 in the latest trading session, marking a +1.61% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.82%. At the same time, the Dow added 0.82%, and the tech-heavy Nasdaq gained 0.64%. Prior to today’s trading, shares of […]
Alphabet Inc. (NASDAQ:GOOG) will have an AWS moment like Amazon did While June has not been kind to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock so far, time will attest that it’s a gem in disguise. Every now and then, we get a stock that is a sure thing, and Google stock fits the bill. This is a company that […]
Amazon.com, Inc. (NASDAQ:AMZN) may soon come under the scrutiny of federal regulators An Amazon executive said Wednesday that the online shopping giant isn’t too big and shouldn’t be broken up, but added that large companies deserve to be examined. Amazon and other big tech companies are facing scrutiny from government agencies that are looking into […]
Facebook, Inc. (NASDAQ:FB) promising technical opportunity arising Shares of Facebook (NASDAQ: FB ) have nosedived in recent weeks, but with the most recent price action in FB stock, there is a promising technical opportunity arising. Specifically, the price section around the $160 mark could indeed lead to a tradeable bounce for active investors and traders. In order to fully […]
NASDAQ Composite (.IXIC) rising hopes of Fed rate cut Stocks closed solidly higher Wednesday, after volatile morning trade that saw benchmarks flipping between gains and losses, as investors digested a round of conflicting economic data that showed strength in the U.S. services sector but signaled a potential weakening of the labor market. Erratic morning trade […]
Tesla, Inc. (NASDAQ:TSLA) sold nearly 3 times as many cars as rivals Tesla Inc. likely sold nearly three times as many electric vehicles in May than its main competitors combined did. That’s from analysts at Morgan Stanley, led by Adam Jonas, who used industry estimates as Tesla TSLA, +1.54% does not report monthly sales. The […]
Dow Jones Industrial Average (.DJI) investors grew even more confident that the Federal Reserve will lower interest rates Stocks added to strong week-to-date performance on Wednesday as investors grew even more confident that the Federal Reserve will lower interest rates this year to reignite an economy wounded by trade battles. The Dow Jones Industrial Average […]
United States Oil (USO) prices entering a bear market Oil futures dropped Wednesday, with U.S. prices entering a bear market, as domestic data revealed a weekly crude supply climb of almost 7 million barrels—the largest in five weeks—to their highest level in nearly two years. “Crude inventories are now at their highest since July 2017, […]
Alibaba Group Holding Limited (NYSE:BABA) cloud computing arm is leaving no stone unturned to bolster presence Alibaba’s BABA cloud computing arm is leaving no stone unturned to bolster presence in the cloud market on the back of robust product portfolio. Recently, the company rolled out a set of more than 10 products based on emerging […]
Chinese drugmakers lead losses on Hong Kong: HANG SENG INDEX (.HSI) amid policy worries Hong Kong shares rose for the first time in six days on Wednesday after the U.S. Federal Reserve indicated the possibility of monetary easing to help weather economic headwinds. The Hang Seng Index climbed 0.5% to 26,895.44 after falling 2.3% over […]
Shanghai: SSE Composite Index (.SSEC) Beijing’s plans to conduct accounting checks pulled healthcare firms lower China’s main stock market indexes ended flat on Wednesday as Beijing’s plans to conduct accounting checks pulled healthcare firms lower, offsetting a regional rebound sparked by the U.S. central bank’s comments that raised hopes of an interest rate cut. At […]
Japanese Yen: USD/JPY (JPY=X) significant support and extreme lows The US dollar has gone back and forth against the Japanese yen during the trading session on Tuesday, as we have seen a lot of volatility in this market. After all, we are at pretty significant support and extreme lows, so I think we may be trying […]
Australia: S&P/ASX 200 (.AXJO) a little bit of improvement The Australian share market rallied early in the day following strong gains on Wall Street, but then faded throughout the day. The benchmark S&P/ASX200 index still managed to close higher, up 26.1 points, or 0.41 per cent, to 6,358.5 points at 1615 AEST on Wednesday, while […]
The Top 10 Hotels in Kuala Lumpur The best luxury hotels in Kuala Lumpur are ideal accommodation options for the most sophisticated of guests, boasting gleaming interiors, exquisite guestrooms, personalised service and an extensive range of quality amenities such as swimming pools, fully-equipped fitness centres, and award-winning restaurants. A multicultural city with a unique history, […]
Gold 1 OZ (XAU=X) prices unable to sustain advance despite lower US Dollar Gold prices marked time as would-be support from another down day for the US Dollar was offset as bond yields edged narrowly higher in risk-on trade. Stocks surged as traders latched on to comments from Fed Chair Jerome Powell believed to be setting the stage […]
UK FTSE 100 (.FTSE) rallies into key resistance to negate downtrend The FTSE 100 has managed to rally into the key 7237 resistance level this week, breaking out from the trend of lower highs that have been in place throughout the past fortnight. That move points towards a heightened possibility that we could have further upside to […]
Australian Dollar: USD/AUD (AUD=X) psychologically significant price The Australian dollar went back and forth during the trading session on Wednesday, as the 0.70 level is crucial on longer-term charts. Ultimately, it’s likely that we will see a bit of pullback pressure in this area, because we have had a move towards the 50 day EMA, which […]
British Pound: USD/GBP (GBP=X) rising on a mix of USD weakness and upbeat UK data GBP/USD has probably stopped worrying about Brexit and found reasons to rise. The latest upwards driver has come from UK data. The Markit/CIPS services purchasing managers’ index (PMI) for May has risen to 51 points – not only beating expectations but […]
Silver 1 OZ 999 NY (XAG=X) keep an eye on gold as it tries to work into resistance Nothing new here, silver is lagging behind gold. It does have potential to squeeze a bit, though. The other day if finally broke a steadfast trend-line running off the February peak and is currently challenging the 200-day […]
Euro: USD/EUR (EUR=X) Focus on Fed Rate Cut Bets Rise The Euro to US Dollar exchange rate (EUR/USD) extended the weekly gains through Wednesday’s session, breaking the upper bound of Fibre’s May range to trade at a six week best as investors continued to ramp up Fed interest rate cut bets. The recent softening of […]
NASDAQ Composite (.IXIC) tech-heavy index’s biggest one-day gain in five months The Nasdaq Composite COMP, +2.65% surged 2.4% in afternoon trade, with the tech-heavy index’s biggest one-day gain in five months producing panic-like buying activity. The Nasdaq exchange’s Arms Index is a volume-weighted breadth measure that tends to fall below 1.000 when the stock market […]
Facebook, Inc. (NASDAQ:FB) investors voted overwhelmingly in support of proposals to fire Mark Zuckerberg as chairman and scrap the firm’s share structure The Facebook shareholder revolt just got bloody. In a filing on Monday, Facebook revealed how investors voted on a raft of proposals at its annual shareholder meeting last week–and the results underline the […]
Dow Jones Industrial Average (.DJI) stocks rallied overnight in response to the Fed chairman’s comments The Fed was “closely monitoring the implications” of a global trade dispute that has disrupted bond and equity markets and posed risks to global economic growth, Mr Powell said. “As always, we will act as appropriate to sustain the expansion, […]
Alphabet Inc. (NASDAQ:GOOG) stock down amid concerns that the Justice Department may launch an investigation into potential antitrust violations Shares of Google parent Alphabet Inc. tumbled Monday, enough to push them briefly into bear market territory, before bouncing back out just before the close. The stock was down as much as 7.2% at an intraday […]
Bitcoin: USD/BTC (BTC=X) signs of overbought conditions and waning bullish momentum Bitcoin (BTC) is a decentralized digital currency created by Satoshi Nakamoto and released in 2009. The spot price has increased 177% from the low set in December 2018, but remains down 56% from the current all time high set in December 2017. The BTC […]
United States Oil (USO) gains after approaching bear-market territory Oil futures recovered from early losses Wednesday to end higher in the wake of a four-session losing streak that had threatened to push U.S. prices into bear-market territory. “Oil got hammered the past couple trading days and traders saw an opportunity for cheap prices, combined with […]
Investors will be hoping for strength from Twitter, Inc. (NYSE:TWTR) as it approaches its next earnings release Twitter (TWTR) closed the most recent trading day at $36.11, moving -0.92% from the previous trading session. This change lagged the S&P 500’s daily gain of 2.14%. Elsewhere, the Dow gained 2.06%, while the tech-heavy Nasdaq added 2.65%. […]
Apple Inc. (NASDAQ:AAPL) on stage at WWDC 2019 On stage at WWDC 2019 on Monday afternoon, Apple’s vice president of hardware engineering, John Ternus, had just re-appeared in front of the audience. For the past 20 minutes, various Apple executives had taken the stage to show off the new features of the Mac Pro, Apple’s […]
The recent weakness of Alibaba Group Holding Limited (NYSE:BABA) stock is a buying opportunity The last three months have understandably been tough for Alibaba (NYSE: BABA) stock. America’s trade war with China has spooked investors. Alibaba is one of the largest and most visible Chinese companies, so the decline of Alibaba stock is entirely logical. […]
Six months after opening its doors in the heart of this city’s historic district, the Al Bait Sharjah is emerging as one of the region’s most ambitious new properties, renowned for the five historic homes at its foundation and for its overwhelming dedication of human resources. Eight years in the making, the 53-room resort by […]
British Pound: USD/GBP (GBP=X) British Construction PMI disappointed, with a score of 48.6 GBP/USD has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.2689, up 0.20% on the day. On the fundamentals front, British Construction PMI disappointed, with a score of 48.6, indicating contraction. This missed the estimate of 50.6 points. […]
Singapore: STI Index (.STI) manufacturers anxious escalation of China-US trade tension The US-China trade hostility, which is destroying growth chances in China and, by extension, Chinese demand for manufactured goods made in Singapore have made Singaporean producers jittery. Adding to this unease is the impending global collapse in technology demand which have made manufacturers in […]
Gold 1 OZ (XAU=X) nears 13-month high, but market looks heavily overbought Gold continues to push higher, prompted by a weaker US dollar and continues risk-off sentiment. The US dollar’s last leg lower was fueled by comments from St Louis Fed President Bullard who said that an interest rate cut may be’ warranted’ soon. Bullard […]
The Boeing Company (NYSE:BA) Make Passengers Safer? Two important economists have written the most important analysis so far of the Boeing 737 Max crisis. It is called “Make Passengers Safer? Boeing Just Made Shareholders Richer,” and it’s by Mustafa Erdem Sakinç, a young French economist who teaches at the University of Bordeaux and specializes in “aerospace, pharmaceutical […]
Japanese Yen: USD/JPY (JPY=X) Sold on Rising Federal Reserve Interest Rate Cut Bets While the US Dollar (USD) is a safe haven currency, rising concerns that the US economy could be in for a slowdown have left the Japanese Yen (JPY) as the market’s safe haven currency of choice, and the US Dollar to Japanese […]
Shanghai: SSE Composite Index (.SSEC) Analysts say traders want clear signals from US and China on resolving their differences Hong Kong and China stocks continued to get hammered Tuesday, with pharmaceuticals hit hard by a broad audit of drug makers. Agricultural shares were pounded by worries about the pig-killing African swine fever, as well as […]
Euro: USD/EUR (EUR=X) consumer inflation indicators disappoint EUR/USD continues to gain ground, after starting the week with strong gains. Currently, the pair is trading at 1.1249, up 0.06% on the day. Earlier in the day, the pair touched a high of 1.1277, its highest level since mid-April. On the release front, eurozone consumer inflation indicators […]
Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week Is the party over at last for the ASX 200? The Australian stock benchmark defied trade-gloom and diminished global risk appetite quite well up until the end of last week. Rising iron ore prices and a weaker Australian Dollar burnished the appeal of what should […]
Beyond The Dow Jones Industrial Average (.DJI): A Rush For Income And Yield The Dow Jones utility average inched higher as U.S. government long bonds continued to streak higher. The yield on the benchmark 10-year note plunged 7 basis points to 2.07%. On Jan. 1, the note yielded 2.69%. In afternoon trading, St. Louis Federal […]
Hong Kong: HANG SENG INDEX (.HSI) shares fell on Tuesday to mark their longest losing streak this year Hong Kong shares fell on Tuesday to mark their longest losing streak this year, over intensifying worries about global growth. The Hang Seng Index declined 0.5% to 26,761.52, its fifth consecutive decline. Social media and gaming major […]
Silver 1 OZ 999 NY (XAG=X) prices pop above price channel Our last silver price update was April 29, when we stated “little progress has been made since April 15 and the waves do not appear motive. Therefore, we will not be surprised if silver makes a deeper cut and one more jab towards lower […]
Australian Dollar: USD/AUD (AUD=X) rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127) Keep in mind, the AUD/USD rebound following the currency market flash-crash has been capped by the 200-Day SMA (0.7127), with the exchange rate marking another failed attempt to break/close above the moving average in April. In turn, […]
Should You Like or Dislike Alphabet Inc. (NASDAQ:GOOG) Stock? Alphabet (NASDAQ: GOOGL , NASDAQ: GOOG ) reported its 2019 first-quarter earnings April 29 after the close of trading. Since then, GOOGL stock is down almost 14% through May 30. There’s a lot to like about Alphabet. However, not everything is perfect. With that in mind, here are three things […]
National Research Group (NRG), a leading global insights and strategy firm with 40 years of media and entertainment expertise, released new findings around the global phenomenon Fortnite and what this means for the future of entertainment – in gaming and beyond (white paper linked here). In an era defined by immersive experiences, every brand must […]
Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 121st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The May PMI® […]
Apple Inc. (NASDAQ:AAPL) U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of […]
Facebook, Inc. (NASDAQ:FB) Federal Trade Commission has gained the ability to investigate Facebook Inc. shares FB, +0.09% are down more than 6% in midday trading Monday after a report from the Wall Street Journal said that the Federal Trade Commission has gained the ability to investigate whether the social-media giant has unlawfully engaged in anticompetitive […]
Amazon.com, Inc. (NASDAQ:AMZN) own 5.8% in the closing minutes of Monday trading Shares of Amazon.com (NASDAQ: AMZN) are down 5.8% in the closing minutes of Monday trading, falling as rumors begin to swell about an imminent investigation into the company for anti-competitive business practices. As Reuters reported today, representatives of the U.S. Department of Justice’s […]
NASDAQ Composite (.IXIC) index threatens to enter correction territory on Google, Facebook antitrust concerns The Nasdaq Composite index COMP, -1.61% is on pace to close in correction territory, popularly defined as a benchmark index closing 10% below its most recent peak, which for the Nasdaq occurred on May 3, when it closed at 8,164. The […]
United States Oil (USO) Saudi comments indicating OPEC would extend supply cuts supported prices Oil futures ended the session lower after back-and-forth trading on Monday, as Saudi comments indicating OPEC would extend supply cuts supported prices, while concerns that U.S. tariffs on China and Mexico would hurt demand weakened crude market sentiment. Saudi Arabia signaled […]
Tesla, Inc. (NASDAQ:TSLA) under pressure from Wall Street on concerns about demand for its vehicles Tesla Inc. TSLA, +0.27% shares fell more than 4% in late trading Monday, poised to close at their lowest since February 2016 and extending their losing streak to a third session. Tesla has been under pressure from Wall Street on […]
Bitcoin: USD/BTC (BTC=X) will likely be replaced by a new technology according to a prominent venture capitalist Bitcoin, now more than double the price it began 2019, has been rapidly rising this year after a disastrous 2018 which saw bitcoin and most other major cryptocurrencies lose around 80% of their value. The bitcoin price has been swinging […]
Top 10 Best Beaches in Europe There’s certainly no shortage of beautiful beaches in Europe, but some are simply more beautiful than others. You’ll see familiar sites like Italy, but fresher ones like Iceland (yes, you read correctly), too, in our picks for the ten best beaches across the continent. Cala Tonnarella, Sicily, Italy We like […]
The strategic partnership – the first of its kind in Africa and the Middle East – brings together two leading players in their respective fields providing customers with powerful turnkey solutions London, June 3, 2019 – Getty Images (www.GettyImages.com), a world leader in visual communications, and APO Group (www.APO-opa.com), a leading media relations consultancy and […]
TELEKOM MALAYSIA BHD (TLMM:KL) Appointment of TM chairman and CEO decided by PM Appointment to the posts of Telekom Malaysia Bhd (TM) chairman and CEO is only made on the instruction of the prime minister and there has been no such order so far, said Finance Minister Lim Guan Eng. Lim said the finance ministry […]
SIME DARBY PLANTATION BERHAD (5285:KL) pretax profit plunges on lower CPO prices Sime Darby Plantation experienced a 64% decline in pretax profit to RM125 million for the first quarter of its 2019 financial year. The sharp fall in profitability was attributable to lower average crude palm oil (CPO) and palm kernel prices. CPO prices declined […]
Shanghai: SSE Composite Index (.SSEC) cheaper valuations help, along with expected policy support After vastly underperforming their American counterparts during the trade-war battles last year, China’s domestic shares are bearing up with a lot less relative damage this time around. Since a near-6% mauling on May 6, a day after President Donald Trump’s tweeted pledge […]
British Pound: USD/GBP (GBP=X) focus is on manufacturing releases GBP/USD has posted is unchanged in the Monday session. Currently, GBP/USD is trading at 1.2645, up 0.11% on the day. On the fundamentals front, the focus is on manufacturing releases. British Manufacturing PMI slowed to 49.4, missing expectations. Later on, the U.K. releases BRC Retail Sales […]
Euro: USD/EUR (EUR=X) fresh selling wave following some dovish Fed commentary The US Dollar Index, which lost its traction in the second half of the day after the IHS Markit’s and the ISM’s Manufacturing PMI figures for May came in below the market expectations, extended its decline in the last hour amid St. Louis Fed […]
Hong Kong: HANG SENG INDEX (.HSI) increasing concerns over the state of global trade Stocks in Asia were mixed on Monday amid increasing concerns over the state of global trade. Mainland Chinese shares closed lower, with the Shanghai composite slipping 0.3% to 2,890.08 and the Shenzhen component declining 0.74% to 8,856.99. The Shenzhen composite also […]
Australian Dollar: USD/AUD (AUD=X) releases GDP and the RBA is expected to cut rates to 1.25% AUD/USD has moved higher in the Monday session. In North American trade, AUD/USD is trading at 0.6957, up 0.30% on the day. Earlier in the day, the pair touched 0.6966, its highest level since mid-May. On the release front, […]
Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months The Australian share market has suffered its worst loss in five months amid jitters on global growth and fears the US is picking a second trade war, this one with Mexico. The benchmark S&P/ASX200 index closed down 76.4 points, or 1.19 per […]
Japanese Yen: USD/JPY (JPY=X) continues to be very choppy The US dollar went back and forth during the trading session on Monday, as we tested the ¥108 level. That level has been important more than once, so it makes sense that the market would find buyers in that region. That being said, I believe that the […]
Silver 1 OZ 999 NY (XAG=X) speculators buying into dips but selling rallies Large speculators moved back into gold during the last reporting week for positioning data compiled by the Commodity Futures Trading Commission, although these accounts remained pessimistic toward most of the metals with more industrial characteristics, including silver, analysts said Monday. This continued a back-and-forth trend […]
Gold 1 OZ (XAU=X) prices are posting double-digit gains Gold prices are posting double-digit gains and hit a nine-week high in early-morning U.S. trading Monday. Safe-haven demand remains in play to start the trading week and the month, as global stock markets are selling off. August gold futures were last up $11.60 an ounce at $1,322.70. July Comex silver prices […]
Singapore: STI Index (.STI) factories contracted in May for the first time in 32 months Activity in Singapore’s factories contracted in May for the first time in 32 months amid escalating trade tensions between the United States and China, joining a grim manufacturing outlook across Asia. Singapore’s Purchasing Managers’ Index (PMI) – which measures manufacturing […]
$BA The Boeing Company (NYSE:BA) said some of its 737 planes, including many 737 Max aircraft, may have faulty parts on their wings Boeing on Sunday said some of its 737 planes, including many 737 Max aircraft, may have faulty parts on their wings. It’s the latest problem Boeing faces as it tries to get […]
Tesla, Inc. (NASDAQ:TSLA) horror year has gone from bad to worse Tesla’s horror year has gone from bad to worse with images of another one of its electric cars charred following a fire — this time while apparently plugged in to one of the electric car maker’s own high-powered charging stations in Belgium. Belgian media […]
NASDAQ Composite (.IXIC) investors should tread lightly short-term President Donald Trump once said trade wars are “good, and easy to win.” But the stock market and many fund/retirement portfolios are becoming casualties of a war, which investors are asking, “what is it good for?” Corporate CEOs are responding, “absolutely nothing.” Investors were caught off guard […]
Costco Wholesale Corporation (NASDAQ:COST) became the latest retailer to say that the trade war between China and the U.S. will likely lead to higher prices Costco became the latest retailer to say that the trade war between China and the U.S. will likely lead to higher prices, but the warehouse giant says it is taking steps […]
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015 in San Francisco Apple is expected to launch the latest version of iOS, its software for the iPhone and iPad, on Monday at its annual Worldwide Developers Conference, or WWDC. The company has launched a new version of […]
Chances Of Bitcoin: USD/BTC (BTC=X) Correction Growing According to a recent Twitter post from Josh Olszewicz, an analyst at Brave New Coin, Bitcoin’s one-day chart is starting to show signs that bears are starting to creep into the cryptocurrency scene. He explains that Bitcoin is currently trading in a rising wedge pattern, which if not broken […]
United States Oil (USO) racked up their biggest monthly losses in six months amid stalling demand Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global […]
Facebook, Inc. (NASDAQ:FB) founder and CEO Mark Zuckerburg has reportedly survived a leadership vote Many of the company’s largest shareholders insisted that Zuckerberg step down as chairman of the board and focus solely on his other role of managing the company’s day-to-day operations. However, given that the Facebook founder holds 60 percent of the board’s […]
Alphabet Inc. (NASDAQ:GOOG) Justice Department Prepping Antitrust Investigation The U.S. Department of Justice (DOJ) is preparing to launch an antitrust probe into Google, the search division of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , according to a Friday report in The Wall Street Journal . Several other news outlets, including The New York Times and Bloomberg, have since confirmed an investigation is imminent. The […]
Top 10 Best Hotels in Ibiza Hotel Rural Can Pujolet Can Pujolet is located in Santa Agnès de Corona, 22 km from Ibiza Town and 9 km from San Antonio. Guests can enjoy the on-site bar. Playa d’en Bossa is 23 km from Hotel Rural Can Pujolet, while San Jose de sa Talaia is 18 […]
Shanghai: SSE Composite Index (.SSEC) fell 0.24% even though China’s PMI data showed a contraction in manufacturing The Shanghai Composite Index fell 0.24% even though China’s PMI data showed a contraction in manufacturing. The index ended 6.1% lower in May compared to the close in April. The index rose in early trade and then fell. […]
British Pound: USD/GBP (GBP=X) possibility of recovery Pound Sterling has fallen 4.0% against the U.S. Dollar over the course of May, with losses taking the exchange rate down from the May 03 high at 1.3177 down to the month low of 1.2559 recorded on the final day. Declines are attributable to the Pound falling on […]
Euro: USD/EUR (EUR=X) showing hints of bullishness but lacks confirmation The Euro-to-Dollar exchange rate is trading at 1.1168 at the start of the new trading week, a third of a percent lower than the week before. The pair has endured yet another volatile week in which it declined almost back down to the 1.1107 lows […]
Australia: S&P/ASX 200 (.AXJO) market clings on to being stronger in June Australia has managed to cling to a gain in May, which puts it well ahead of most world share markets which showed hefty losses. On the last trading day of the month the ASX 200 managed to add 4.8 points to 6396.9 points, […]
Australian Dollar: USD/AUD (AUD=X) more downside could be difficult and bounce possible The Pound has been under pressure against the Australian Dollar of late but the GBP/AUD exchange rate is now approaching solid areas of support while much of the price action this week will depend on the RBA interest rate decision. The Pound lost […]
Singapore: STI Index (.STI) tit-for-tat tariffs on US goods kicks off this week The working week kicks off with China’s tit-for-tat tariffs on US goods. The tariffs, which applies to $60 billion worth US imports, came into effect on 1 June. Foreign companies operating in China will also find out if they are included on […]
Gold 1 OZ (XAU=X) investors finally have the fundamentals working on all cylinders to fuel a strong rally It was a long wait, but bullish gold investors finally had the fundamentals working on all cylinders to fuel a strong rally. The move actually started the previous week when aggressive speculative buyers came in at $1274.60 […]
Japanese Yen: USD/JPY (JPY=X) find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply The Japanese Yen and the US Dollar find themselves still very much locked in a ‘battle of the havens’ as global uncertainties economic uncertainties multiply. It’s sobering to consider that many in the markets quite […]
Hong Kong: HANG SENG INDEX (.HSI) recorded its third straight loss last week Hong Kong’s Hang Seng Index recorded its third straight loss this week to end 0.79% lower. The index lost 9.4% in May 2019. Yesterday, the iShares MSCI Hong Kong ETF (EWH) lost a massive 1.62%, underperforming the Hang Seng, which reported a […]
Silver 1 OZ 999 NY (XAG=X) formed a hammer potential bullish indicator Silver markets initially fell during the trading sessions that made up the week, but at this point it’s still a bit early to say. The fact that we formed a hammer is a very bullish sign though so keep that in mind. I do […]
United States Oil (USO) prices to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war. The Energy […]
Bitcoin: USD/BTC (BTC=X) Down $500 in Minutes Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later. At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and […]