United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day Oil and gas companies announced plans to cut more than 6,400 jobs on a grim day for the industry that saw the price of crude oil settle below $20 for the first time since 2001 and the amount of […]
Bitcoin: USD/BTC (BTC=X) Is Still 2020’s Top Asset Bitcoin has started the day out well. After falling beneath the $7,000-mark last week, the world’s number one cryptocurrency by market cap has managed to add a further $200 to its overall price. While the currency is still below $7,000, it’s about to break this line once again. Bitcoin […]
UK FTSE 100 (.FTSE) index is down 23%. Is now the time to buy shares? The FTSE 100 index has traditionally been thought to contain the UK’s safest equity investments. But year–to-date, its value has fallen 23%. The coronavirus pandemic has created an unprecedented shift in global economies, initiating major volatility in financial markets. Increase stock exposure, […]
Shanghai: SSE Composite Index (.SSEC) May Take Further Damage The China stock market headed south again on Wednesday, one day after it had ended the two-day slide in which it had retreated more than 40 points or 1.5 percent. The Shanghai Composite Index now rests just above the 2,810-point plateau and the losses may accelerate […]
The UFO video has made many believe that astronauts aboard the International Space Station are aware of alien existence A seemingly creepy video uploaded to YouTube by a conspiracy theory channel named ‘Mavi777’ is now the hottest topic of debate among conspiracy theorists and UFO enthusiasts. In the video, hundreds of unidentified flying objects (UFO) […]
British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors GBP/USD briefly rose to a fresh one-month high yesterday but has given back the gain in early trading today, ahead of the US retail sales report. The pair has been weighed by a strong dollar as the greenback has […]
Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]
Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450 The Dollar/Yen fell to a two-week low early Wednesday as risk sentiment returned to the market. On Tuesday, the selling was fueled by better-than-expected economic data from China, which painted a less gloomy picture than feared following the coronavirus outbreak there. In today’s session investors […]
Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March The AUD/USD pair declined after the Australian Bureau of Statistics (ABS) released upbeat March jobs numbers. The data showed that the country’s job market remained steady before coronavirus restrictions started. According to ABS, trend employment increased by about 17,000 people in March. Most […]
FTSE Bursa Malaysia KLCI (.KLSE) retreats on profit taking Bursa Malaysia retreated from its recent gains to open lower this morning due to profit-taking activities following Wall Street’s weak overnight performance. At 9.02 am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.49 points to 1,378.3 from 1,387.79 at Wednesday’s close. The key index opened 5.83 points easier at […]
Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 by 9:37 PM ET (2:37 AM GMT) as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be […]
Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising Gold and silver futures prices are trading solidly lower in midday U.S. trading Wednesday, on normal downside corrections from recent strong gains that saw gold prices hit a 7.5-year high, at $1,788.80, on Tuesday, basis June Comex futures. Big gains in markets can […]
Hong Kong: HANG SENG INDEX (.HSI) stocks drop as IMF flags deep global recession Hang Seng index ends down 1.19% Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the International Monetary Fund outweighed a monetary stimulus from China’s central bank. ** At the close of […]
Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data Australian shares have recorded sharp early losses as global equities sour and a likely bleak unemployment figure looms. The S&P/ASX200 benchmark index was down 101.7 points, or 1.86 per cent, at 5365.0 points after 30 minutes of trade on Thursday, ahead of a widely […]
Alibaba Group Holding Limited (NYSE:BABA) in the age of COVID-19 The COVID-19 outbreak put a damper on Alibaba Group Holding Ltd.’s fast growth, and challenges are expected to continue even if China has managed to better control its coronavirus situation. The e-commerce giant warned of a “negative impact” to its business because fewer people were […]
Alphabet Inc. (NASDAQ:GOOG) wants to build a serious hardware rivalry with Apple For the past four years, Google, a company that built its kingdom on search and data, has puffed out its chest and told the world it’s now a serious hardware company. But its efforts have often been clumsy and confusing. Yet there are […]
Tesla, Inc. (NASDAQ:TSLA) Settles Zoox Lawsuit, Stock Now Rallied 70% YTD Tesla (TSLA) has now settled a lawsuit with California-based robotics company Zoox, Reuters reports. In March 2019, Tesla lawyers filed a lawsuit against four former employees and Zoox. The company claimed that these employees stole proprietary information and trade secrets for developing warehousing, logistics […]
Facebook, Inc. (NASDAQ:FB) Gains 30% In A Month Social networking giant Facebook (FB) has been trading higher after its shares touched 52-week low of $137.1 on March 18. The stock has gained nearly 30% in less than a month. FB recorded a 52-week high of $224.2 on January 29 this year. As the world is […]
United States Oil (USO) falls 5% to $28 on oversupply concerns Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns. The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand […]
Ethereum: USD/ETH (ETH=) Co-Founder Says Crypto Mining on Phones is a “Fool’s Game” italik Buterin, the co-founder of Ethereum, voiced a low opinion of the idea of cryptocurrency mining via mobile phones. Tweeting on April 13, Buterin said mining on mobile phones “is a fool’s game,” referring to the announcement by mobile phone manufacturer giant […]
Bitcoin: USD/BTC (BTC=X) Tests $7K as Spot Trading Volumes Subside to Normal Levels After weeks of elevated activity, trading volumes on spot bitcoin exchanges have subsided, boding well for some traders if not the venues themselves. Prices for bitcoin (BTC) climbed less than a percent Tuesday, retracing gains lost the day before when it hit […]
British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week The pound to dollar exchange rate scaled above the 1.2500 handle yesterday for the first time in a month. From a technical perspective, the pair looks to be signaling a bullish continuation. However, if there is one thing that stands out about recent price […]
Euro: USD/EUR (EUR=X) investors move away from the greenback The American currency remained the weakest this Tuesday, leading EUR/USD to advance to 1.0984, its highest in almost two weeks. The market mood began improving during the Asian session, as China published its March Trade Balance, which posted a surplus of $19.9B, better than anticipated, with […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Looking for a Bottom Against Yen The US dollar has pulled back a bit during the trading session on Tuesday as we continue to test the ¥107 level. Ultimately, this is a market that I think will eventually have to make up its mind as to whether or not it […]
Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report AUD/USD continues to retrace the sharp decline from the previous month as the Reserve Bank of Australia (RBA) abandons the dovish forward guidance for monetary policy, and the central bank may continue to change its tune over the coming months as officials insist that “smaller and less […]
FTSE Bursa Malaysia KLCI (.KLSE) down, Bursa healthcare index rises the most The FBM KLCI closed down 1.47 points or 0.1% at 1,356.03 today, while rubber glove manufacturers’ share price gained, following global updates on the rising number of Covid-19 pandemic cases and higher death toll from the outbreak. At 5pm, the KLCI closed down […]
Silver 1 OZ 999 NY (XAG=X) Markets Grinding Higher Silver markets have rallied a bit during the trading session on Tuesday, reaching towards the $16.50 level. The 200 day EMA above is an area where I think you are going to see a certain amount of resistance, but all things being equal it’s likely that the […]
Hong Kong: HANG SENG INDEX (.HSI) shares end higher as China trade data lifts sentiment Hong Kong shares closed higher on Tuesday after China reported smaller-than-expected contractions in imports and exports in March, and as fears over the global spread of the new coronavirus eased. The Hang Seng index ended up 135.07 points or 0.56% […]
Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh Australia’s main stock index fell on Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 […]
Artificial intelligence is already revolutionizing industry, like it or not. Wall Street occasionally seizes upon futuristic themes with religious fervor, bidding up shares in companies that supposedly lead in one space or another. AI once occupied that “fascinating-but-far-off” thematic market sector, but the best artificial intelligence stocks to buy today use techniques like machine learning and neural […]
Tesla, Inc. (NASDAQ:TSLA) stock surges 10%: Here’s what we think is happening Tesla’s (TSLA) stock surged by as much as 10% this morning despite a broader market pullback amid the developing coronavirus pandemic. Here’s what we think is happening. The market saw a broad correction over the last month as the coronavirus pandemic has been […]
Facebook, Inc. (NASDAQ:FB) Cut Ad Rates as Pandemic Sank Demand Advertising spending on Facebook (NASDAQ: FB) has taken a big hit amid the COVID-19 pandemic, and the company has cut the rates it charges for those ad in recent weeks. Citing companies that run ads on the tech company’s platform, The Wall Street Journal reported […]
A hospitality veteran with life-long experience making guests feel welcome at hotels and resorts in Europe and Asia has been appointed to the helm of the new 30-hectare beachfront resort Alma. Austrian-born Herbert Laubichler-Pichler has taken charge of the opening of the 196-pavilion and 384-suite resort overlooking Long Beach, on Vietnam’s Cam Ranh peninsula, with […]
United States Oil (USO) prices rise as Trump flags deeper output cuts Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day – more than double the figure publicly announced – to help the virus-hit sector. US benchmark West Texas Intermediate rose nearly 2% to trade […]
Ethereum: USD/ETH (ETH=) Breaks Below Key Ascending Trendline Ethereum has seen some notable overnight losses that have slightly outpaced those posted by Bitcoin and many other major altcoins, with ETH erasing a portion of the gains that were incurred as a result of its recent rally. This downturn has led the crypto to decline beneath […]
Bitcoin: USD/BTC (BTC=X) traders say bearish signals are appearing after the cryptocurrency’s 30 percent rebound Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, […]
Shanghai: SSE Composite Index (.SSEC) shares rise amid wait for China data, global earnings Asian shares rose Tuesday although investors were braced for a sobering first look at how the coronavirus pandemic has hurt global corporate earnings and the Chinese economy, the driver of growth for the region. Japan’s benchmark Nikkei 225 added 2.2% in […]
COVID-19 Research Updates: A New Study Conducted in China by medical researchers from the Academy of Military Sciences, Tianjin, China and Wuhan’s Huoshenshan Hospital, and published in the US CDC’s Journal: Emerging Infectious Diseases, states the SARS-CoV-2 coronavirus could be found in air samples as far as 4 meters away from infected patients.https://wwwnc.cdc.gov/eid/article/26/7/20-0885_article This new study […]
Games of chance were introduced thousands of years ago and have a long history of evolvement. Now we can find the best pokies to play online in a few seconds, enjoy table games and poker depending on where we are. The gambling industry is capable of adapting to the latest trends and it’s not surprising that soon […]
Amazon.com, Inc. (NASDAQ:AMZN) Metastock Technical Forecast This content is sponsored by Heffx and Metastock. Sign up today and receive 3 months for the price of 1. Amazon.com is a Fortune 500 e-commerce company based in Seattle, Washington, and has the distinction of being one of the first large companies to sell goods over the internet. In 1994, Jeff […]
Laboratory Corporation of America Holdings (NYSE:LH) Metastock Technical Forecast This content is sponsored by Heffx and Metastock. Sign up today and receive 3 months for the price of 1. LabCorp (NYSE: LH), an S&P 500 company, is a leading global life sciences company that is deeply integrated in guiding patient care, providing comprehensive clinical laboratory and end-to-end drug […]
Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading EUR/USD shows subdued price action in the early day on Monday which is attributed to the Easter Monday holiday. However, volatility has generally slowed and there is a reason to believe this trend may continue. There was a sharp rise in volatility in late February as the […]
Japanese Yen: USD/JPY (JPY=X) is now near important retracement territory The Japanese Yen has made gains on a broadly weaker US Dollar for the past week, but USD/JPY is now closing in on a key support area. Fundamentally, investors have been rethinking some of their Dollar-long positions as they weigh up the dawning US corporate earnings […]
Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher The Australian dollar initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the top of the range from the previous session almost immediately during the US session. Keep in mind that several banks around the world were closed due […]
FTSE Bursa Malaysia KLCI (.KLSE) rises 0.38% on select index-linked stocks as regional markets trade mixed, US corporate earnings eyed The FBM KLCI advanced 0.38% in early trade Tuesday as gains at select index-linked stocks lifted the local bellwether, against the backdrop of mixed regional markets, with US corporate earnings this week set to dictate […]
Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries A slump in China’s exports is expected to have extended into March while a collapse in oil price likely deepened a decline in imports, a Reuters poll showed, as the virus cripples the global economy and overall demand. The U.S. Congress struggled […]
Silver 1 OZ 999 NY (XAG=X) pulls back in absence of near-term upside catalysts but the situation may change quickly Silver Stays Below The Major Resistance Level At 50 EMA Silver pulls back following an attempt to break through the major resistance level at the 50 EMA at $15.60. There’s no material economic data scheduled […]
Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus Australian shares have experienced a lacklustre start to the day, its first session back from the Easter long weekend. The ASX 200 index had fallen by 0.4 per cent to 5,365 points by 10:25am AEST. Many of the best-performing stocks were gold […]
Apple Inc. (NASDAQ:AAPL) Stock Will Outperform Other FAANG Stocks In 2020 Apple Inc. (NASDAQ: APPLE) has the “brightest” future of all technology giants, even if the novel coronavirus (COVID-19) pandemic has temporarily impacted the company’s business, Loup Ventures Managing Partner Gene Munster said in a note Sunday. What Happened According to Munster, Apple will also outperform the rest of […]
Alphabet Inc. (NASDAQ:GOOG) , Apple Join Forces to Develop Coronavirus Tracking Technology Apple Inc. (AAPL) and Alphabet Inc.’s Google (GOOGL) are planning to develop a contact-tracing software technology that will be added to their smartphones and seeks to slow down the spread of the coronavirus pandemic. The rare collaboration between the two rival tech giants […]
Average Tesla, Inc. (NASDAQ:TSLA) Cybertruck Pre-Order Transaction Price Is Over $62,000 Crowdsourced Data Suggests Crowdsourced data from the Cybertruck Talk forum has provided us with an idea of how much people are spending on their forthcoming Tesla Cybertrucks. There are a few important things to mention before we jump into the numbers. For starters, the […]
United States Oil (USO) – OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil […]
Ethereum: USD/ETH (ETH=) Going Long May Cause Large Drop The Hong-Kong based crypto exchange had a substantial rise in long positions for ETH record a new all-time high, clocking in at an impressive 1.39 million. It’s actually quite remarkable, considering how bad the market’s going. The sheer amount of investors betting on the upside is […]
Bitcoin: USD/BTC (BTC=X) very thinly traded so algorithms will come in and start throwing things around if we see hints of momentum The coin markets rolled over during the trading session on Good Friday as there would have been a serious lack of volume. That being said, the market then broke down below the $7000 […]
Shanghai: SSE Composite Index (.SSEC) stocks slip as new coronavirus cases near six-week high China stocks dipped on Monday, as the country’s new daily coronavirus cases approached a near six-week high. At the midday break, the Shanghai Composite index was down 0.33% at 2,787.28 points. China’s blue-chip CSI300 index was down 0.25%, with its financial […]
British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance The British pound initially pulled back a bit during the trading session on Friday, but it was of course Good Friday, meaning that there was almost no trading going on. The 1.25 level above is offering a significant amount of resistance, and therefore we should be paying attention […]
Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week The Euro received a last minute leg-up ahead of the holiday weekend after Eurogroup finance ministers agreed on a fiscal support package for the bloc’s economies, although it’s facing immediate resistance on the charts and technical analysts say it could now range-trade for a while. […]
Japanese Yen: USD/JPY (JPY=X) Fed Brings in More Dollars The Dollar/Yen drifted on Friday mostly due to thin holiday trading with most of the major financial centers closed for Good Friday. The general theme for the week was bearish with another stimulus measure by the U.S. Federal Reserve weighing the most on prices. Investors primarily […]
Australian Dollar: USD/AUD (AUD=X) highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade The Australian Dollar, which is highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade, inched higher on Friday due to the light bank holiday volume, highlighting easing stress […]
COVID-19 Drug Research: For the past week, lots of media was abuzz about the results of an in vitro study by Australian researchers involving Ivermectin, a drug used to treat parasitic infections. A single dose anti-parasitic drug was found to be able to stop the SARS-CoV-2 coronavirus from replicating in cells within 48 hours, according […]
Britain said late today it was pledging 200 million pounds ($248 million) to the World Health Organisation (WHO) and charities to help slow the spread of the coronavirus in vulnerable countries and so help prevent a second wave of infections. More than 1.6 million people are reported to have been infected by the novel coronavirus […]
France’s death toll from the new coronavirus outbreak rose today to 13,832, but the number of patients in intensive care fell for the third day in a row, raising hopes that a nationwide lockdown is curbing the spread of the disease. The health ministry said the number of people in intensive care units fell to […]
FTSE Bursa Malaysia KLCI (.KLSE) dips as key banking stocks retreat as regional markets trade mixed The FBM KLCI dipped in early trade this morning as key-index linked banking stocks retreated, against the backdrop of mixed regional markets. At 9.10am, the FBM KLCI dipped 3.30 points to 1,354.20. The early deccliners included Nestle (M) Bhd, […]
Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press Gold futures hit a seven-year high on Thursday as another week of massive filings for unemployment benefits and widespread measures by the U.S. Federal Reserve to reinforce the economy strengthened demand for the precious metal as an investment. The Fed announced as much as $2.3 […]
A physicist named Nicolas Gisin from the University of Geneva recently published a series of papers that could change our entire view on the concept of “time.” Gisin’s work attempts to reconcile modern-day quantum mechanics theory with an alternative math theory developed by Dutch mathematician Luitzen Egbertus Jan Brouwer in the early 20th century called “intuitionistic mathematics.” That may […]
Eco-Tek Group, Inc. (OTC:ETEK) Posting Strong Gains Ecotek Group – bringing together a range of advanced technologies to Improve our Environment and Help Protect your Health. Ecotek Air – with over 20 years in the Air Purification Industry these products and technologies are designed to enhance and improve your indoor environment, whether at work, rest or play. […]
What kinds of information should taxpayers be expected to share with the government during an audit? Pay stubs? Receipts? Bank statements? What about bank statements for transactions that haven’t occurred yet? Should the Internal Revenue Service (IRS) be able to monitor a taxpayer’s finances indefinitely? That’s what the agency is effectively asking of bitcoin user […]
Post-coronavirus, AI as a technology will be omnipresent in humans’ work, home and health. The coronavirus will have a dual and adverse impact on people across the globe. Not only will it impact lives through sickness and death, but it will also dramatically damage their economic well-being. Technological innovation comes to the fore at the […]
Veptas, the leading provider of Artificial Intelligence in the mortgage analytics field, and Flueid Software Corp., today announced a collaboration to harness the power of AiCurio from Veptas with TitleCheck. TitleCheck analyzes possible property and consumer title underwriting issues to immediately provide an accurate clear-to-close decision. Powered by Artificial Intelligence, AiCurio is the world’s most […]
With a political battle underway over the use of a malaria drug to treat coronavirus, Rutgers Cancer Institute has launched a clinical trial that could yield results as soon as next month, officials said Wednesday. Dr. Steven Libutti, the institute’s director, said researchers will study the response of 160 COVID-19 patients to hydroxychloroquine, a drug that previously has been used […]
After Crushing the Short Sellers, Tesla, Inc. (NASDAQ:TSLA) Stock Is in for a Breather Tesla (NASDAQ:TSLA) stock has been one of the year’s few success stories. In January and February, Tesla stock enjoyed an absolutely breathtaking short squeeze. In the span of just a few weeks, the stock shot up from around $400 to as high […]
United States Oil (USO) – Donald Trump is trying to drive up the price of oil For more than three decades, U.S. presidents proclaimed cheap fuel as an almost God-given right for American motorists and homeowners, shaping the country’s foreign policy in pursuit of lower prices. As president, Trump didn’t just back cheap crude, he […]
Bitcoin: USD/BTC (BTC=X) has recovered 100% since its massive drop last month Bitcoin (BTC) diving to a cliff in March and collapsing to prices not seen since a year ago is now a distant memory. The top crypto didn’t take long to recover at more comfortable levels, which, as of the time of writing, is $7,000. […]
UK FTSE 100 (.FTSE) jumps as Bank of England takes extraordinary measures European stocks rose on Thursday 9 April, as investors continued to focus on signs of a turning point in the coronavirus pandemic and the Bank of England moved to directly support UK government spending. The FTSE 100 rose 2.3% in London at the open […]
Shanghai: SSE Composite Index (.SSEC) shares mostly higher, lockdown feud drags Tokyo lower Shares were mostly higher in Asia on Thursday though Japan’s benchmark fell as local leaders sparred with Prime Minister Shinzo Abe’s government over measures to contain the coronavirus outbreak. After a 3.4% overnight rally on Wall Street, markets advanced in Hong Kong, […]
The CDC recommends wearing cloth facial coverings in public, but they don’t need to be medical-grade to protect As cases of the novel coronavirus continue to surge, there has been a lot of public discourse about preventative measures. The basics include proper hand washing, avoiding touching your face, social distancing, and disinfecting heavilyused household surfaces. […]
After British Prime Minister Boris Johnson was moved to intensive care on Monday night to treat symptoms of Covid-19, political allies moved quickly to express sympathy. Many of them did so specifically by praising his health and vigor, and insisting that his spirit would see him through. Dominic Raab, now Johnson’s de facto second-in-command, said he knew […]
COVID-19 is a new disease, and as such experts are learning more about it every day. Researchers are racing to develop and test a vaccine and to come up with a functional cure. The uncertainty can be scary, but the good news is that even just a few short months into what’s become a global pandemic, […]
As cases of coronavirus continue to rise, taking daily precautions such as washing your hands, social distancing, exercising and getting enough sleep is key to lowering risk of infection. But maintaining a healthy diet to help boost your immune system may also give you an edge. It’s important to note that no research has been done on foods that help fight […]
Oyo State Governor, Seyi Makinde last Monday revealed that he fought coronavirus with carrots, vitamin C and black seed oil with honey while in isolation. The governor revealed this in Ibadan in a telephone interview with an FM radio station. He had last week announced that he was tested positive for the disease and went […]
British Pound: USD/GBP (GBP=X) Volatility Remains Subdued GBP/USD has seen a sudden drop in volatility in April and was seen continuing to trade essentially sideways in the early day on Wednesday. The pair saw some buying yesterday as the dollar broadly lost ground against its major counterparts. The greenback has been following an inverse relationship with […]
Euro: USD/EUR (EUR=X) Looking for Footing The Euro has pulled back a bit during the trading session on Wednesday, but then found enough support at the 1.08 level to turn things back around to form a bit of a more bullish candle than initially thought. However, it should be kept in the back of your mind that […]
Japanese Yen: USD/JPY (JPY=X) Consolidating The US dollar has gone back and forth during the trading session on Wednesday, as we continue to dance around the 50 and the 200 day EMA indicators. At this point, the market doesn’t necessarily look as if it is ready to go anywhere anytime soon, so I believe that the market […]
Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance The Australian dollar initially pulled back a bit during the trading session on Wednesday, but turned around to show signs of strength, as we reached towards the 0.62 level. At this point, the market breaking above that level and the 61.8% Fibonacci retracement level which is just […]
The five day meeting will not be open to the public this year due to Coronavirus Pandemic Ascot racecourse confirmed that they have reached the “unavoidable conclusion” that Royal Ascot 2020 will not be able to take place as an event open to the public. Plans to run Royal Ascot races behind closed doors are […]
The 2020 Inglis Australian Easter Yearling Sale online was a unique sale that brought out innovation and a can do spirit between vendors, buyers and the auction house to deliver an outcome few would have dreamed possible a month ago. Fittingly, Coolmore’s Triple Crown hero American Pharoah finished as the leading first season sire by […]
In a market where buyers were inclined to focus on the tried and true, champion sire Fastnet Rock proved a popular commodity at the Inglis Australian Easter Yearling Sale online. He had 12 yearlings average $439,583 with his best results including the half-brother to Caulfield Guineas winner Mighty Boss from Bullion Mansion that made $750,000 […]
FTSE Bursa Malaysia KLCI (.KLSE) in red at close after two days of gains Bursa Malaysia closed in the red, as investors pushed a pause button after recording gains for the past two days with sentiment turning negative on increased Covid-19 deaths and infected cases in emerging economies. At 5pm, key index FTSE Bursa Malaysia […]
Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond Gold markets have been relatively quiet during the trading session on Wednesday after peeking through the $1700 level on Tuesday. By given back gains the way the market has, it ended up forming the shooting star during the Tuesday session which in […]
Silver 1 OZ 999 NY (XAG=X) continues to move higher as markets are optimistic that coronavirus will be contained Silver Holds Above $15.00 As Markets Believe That Virus Containment Measures Are Working Silver continues its upside move after it breached the 20 EMA level several days ago. Equity markets remain optimistic which also helps precious metals in […]
Hong Kong: HANG SENG INDEX (.HSI), mainland markets fall as profit takers move in Hong Kong shares finished more than 1 percent lower Wednesday, hit by profit-taking after a two-day rally and as investors keep tabs on the spread of the coronavirus. The Hang Seng Index slipped 1.2 percent, to 23,970. Across the border, the […]
Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher The Australian sharemarket is set for an early rise after US stocks were buoyed by hopes the coronavirus outbreak has reached a peak. The SPI200 futures contract was up 70 points, or 1.35 per cent, at 5,248.0 points at 0800 AEST on Thursday, suggesting local […]
The Dow Jones Industrial Average (.DJI) gave up all of its 940-point gain as stock-market rally stumbled into the close The Dow Jones Industrial Average (DJIA) ended lower in the final half-hour of trade Tuesday, reflecting a sharp pullback from intraday highs from a market that has been attempting to rebound from brutal losses in the wake […]
First look at Tesla, Inc. (NASDAQ:TSLA) Model S ‘Cheetah Stance’ Launch Mode in action The Tesla Model S may be due for a Plaid upgrade, but this doesn’t mean to say that the Raven Performance trim has stopped getting better. Tesla recently started rolling out a new update for its fastest sedan featuring a few […]
Twitter, Inc. (NYSE:TWTR) CEO Jack Dorsey is setting aside $1 billion in stock to establish a philanthropic venture focused initially on global relief efforts for the COVID-19 pandemic The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and […]
United States Oil (USO) state senators to talk crude markets with Saudi officials Saturday -source Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday, a source familiar with the planning […]
Ethereum: USD/ETH (ETH=) Rally Could Extend To $188 After forming a support base above the $130 level, Ethereum price started a fresh increase against the US Dollar. ETH price broke the key $150 resistance to move into a positive zone. There was a close above the $158 level and the 55 simple moving average (4-hours). […]
Bitcoin: USD/BTC (BTC=X) volatility is returning in a positive way Bitcoin (BTC) traders are used to the mood swings that come with extreme price volatility. They were elated when prices shot up 30 percent in January, the best start to a year since 2013. They were alarmed and unsettled when the spread of the coronavirus sent […]
When you meet Adam Calver, it’s impossible to miss his naturally sunny disposition. Talking ten-to-the-dozen, the director of golf at Laguna Golf Lang Co, a Sir Nick Faldo design ranked among the best tracks in Vietnam, will wax lyrical on any number of subjects related to the Royal and Ancient game. Favourite topics include his […]
DAX PERFORMANCE-INDEX (.GDAXI) Rebounds 20% From its Coronavirus Crisis Low Germany’s benchmark DAX Index is poised to exit a bear market that began last month, after rising 20% from last month’s low that was spurred by worries about the coronavirus pandemic. The export-heavy gauge, which fell as much as 40% in the sell-off that began […]