Resort’s internships lead to two scholarships for local students to attend university KOH SAMUI, Thailand (August 13, 2019) — Lots of luxury hotels give back to their local communities these days, and none more so than Banyan Tree Samui. The Thai resort has been awarded a “Gold Certification” by EarthCheck, the world’s leading scientific watchdog […]
Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest In the still developing camp of potential USD-weakness scenarios, USD/CAD may soon become of interest. The pair was in a hard-bearish trend during June and the first-half of July, eventually finding support just above the 1.3000 handle. A bullish reversal then followed and that’s lasted pretty much ever […]
Hong Kong: Hang Seng Index (.HSI) protests spark capital outflow fears Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness. The Hang Seng Index .HSI fell 2.1% to 25,281.30 points on Tuesday, down 16% from the […]
Price of Bitcoin: USD/BTC (BTC=X) has been moving in the same direction as gold since June The correlation between bitcoin and gold has increased two times recently, writes Bloomberg. This measure over the past year is 0.496, but for the last three months it has spiralled up to 0.837. (A correlation coefficient of 1 indicates […]
US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Amazon.com, Inc. (NASDAQ:AMZN) stock Is at Critical Support Levels In recent weeks, Amazon stock went on a record eight-day losing streak that saw it drop over 10% after a slight earnings miss in EPS. The decline included a 6% drop alone in the week ending Aug. 2 when Jeff Bezos sold nearly $3 billion worth […]
Netflix, Inc. (NASDAQ:NFLX) has signed a multi-year deal with television writer-producers, David Benioff and D.B. Weiss, the names behind HBO’s popular show Game of Thrones Netflix NFLX has signed a multi-year deal with television writer-producers, David Benioff and D.B. Weiss, the names behind HBO’s popular show Game of Thrones. Per MarketWatch report, the deal, worth $200 million, […]
Ethereum: USD/ETH (ETH=) falls from 277 USD to 210 USD over the last 30 days Ethereum’s last 30 days have been full of struggles and downfalls. The coin has been dragged from 277 USD only to be traded around 210 USD in this same period. We will analyze Ethereum’s price movement over the last 30 days. […]
NASDAQ Composite (.IXIC) Futures Fall as Trade War Triggers Recession Fears U.S. stock futures plunged ahead of trading on Monday on concerns that the lingering trade war between the United States and China could push the global and domestic economies into a full-blown recession. The Dow lost around 150 points after Hong Kong International Airport […]
Twitter, Inc. (NYSE:TWTR) Hovers Near Buy Point On Renewed Strength Twitter hovers near a buy point and recently broke out on a stronger-than-expected quarterly earnings report. Twitter has formed a very large and deep cup-with-handle base. That handle also qualifies as its own cup base, with a 41.02 proper buy point, according to IBD MarketSmith chart analysis. The 5% buy zone tops […]
Alphabet Inc. (NASDAQ:GOOG) advertising business as an umbrella term has masked the underlying drivers of business Looking under the hood of Google’s (NASDAQ: GOOG) businesses, we find that while the company’s distributed infrastructure has been beaten into shape to be sold as cloud, not much has been done with Google’s geo-services offerings or Google Maps. Over […]
Alibaba Group Holding Limited (NYSE:BABA) Strength in Core Commerce Business Alibaba Group Holding Limited BABA is set to report first-quarter fiscal 2020 results on Aug 15. In the last reported quarter, the Chinese e-commerce giant delivered a positive earnings surprise of 21.90%. The surprise history has been decent in Alibaba’s case. The company surpassed estimates in […]
Apple Inc. (NASDAQ:AAPL) new iPhones are coming next month It’s a bad time to buy an iPhone. There are several reasons to wait, but I want to be clear: This isn’t because Apple’s current iPhones are bad. They’re the best phones you can buy. But Apple almost always unveils its new iPhones in September, so you should […]
Bitcoin: USD/BTC (BTC=X) may take some more time to show a rally like June Bitcoin, since the starting of this year, has shown tremendous strength in comparison with the year 2018. Though the initial few months were sluggish, the coin started showing positive results from April onwards. Here is an analysis of Bitcoin’s major price […]
Dow Jones Industrial Average (.DJI) trade war fears just won’t go away Wall Street’s trade war anxiety isn’t going away. The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets. The turmoil comes as investors brace for the US-China trade war to […]
Tesla, Inc. (NASDAQ:TSLA) Model 3 crashed into a parked tow truck on a Moscow motorway A Tesla Model 3 crashed into a parked tow truck on a Moscow motorway, Reuters reported Sunday. Following the crash, which happened late on Saturday, the car caught fire and was destroyed completely. The driver, director general of investment fund Arikapital Alexey […]
United States Oil (USO) prices fall on slowing demand concerns Oil prices fell on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude futures LCOc1 were down 48 cents or 0.8%, from the […]
Enable beats Crystal Ocean in the King George VI And Queen Elizabeth QIPCO Stakes at Ascot. Pic Steve Davies/Racingfotos.com John Gosden has already saddled the winners of seven races that fall under the QIPCO British Champions Series umbrella this year and will be a very short price to add to that tally at York next […]
Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday […]
Euro: USD/EUR (EUR=X) ‘Stuck’ in key price zone The early month dramatics in EUR/USD have calmed over the past week. As that burst of USD-weakness showed up on the back of additional tariffs on China (less than 24 hours after FOMC), EUR/USD burst up from fresh two-year-lows to run all the way up to a key zone on the […]
Bitcoin: USD/BTC (BTC=X) currently under pressure This past week, bitcoin price topped near the $12,325 level against the US Dollar. The BTC/USD pair started a strong downside correction and traded below the $11,500 support. There was a close below the $11,800 pivot level and the 100 hourly simple moving average. Finally, the price tested the […]
Japanese Yen: USD/JPY (JPY=X) continues to see a lot of global uncertainty The ¥105 level was tested early during the trading session on Monday, as we finally fulfilled that move that I had been talking about. The question now is whether or not we stay above there or if we break down going forward. It’ll be […]
Hong Kong: Hang Seng Index (.HSI) looks set to be cautious after a battering last week Market sentiment looks set to be cautious on Monday after a battering last week, following China’s yuan breaching the psychological threshold of 7 against the US dollar, escalating the US-China trade war.On Friday, Chen Yuan, a former deputy governor […]
Australian Dollar: USD/AUD (AUD=X) RBA Keeps Cash Rate Unchanged At its August 6 monetary policy meeting, the RBA kept the cash rate unchanged at an all-time low of 1.00%. The decision was in line with trader expectations, and followed two consecutive cuts in June and July. Nevertheless, the RBA’s dovish tone in its accompanying comments […]
British Pound: USD/GBP (GBP=X) may see 1985 low, UK economy contracts in second quarter The British Pound overwhelmingly underperformed against its major counterparts after the UK economy unexpectedly contracted 0.2% q/q in the second quarter according to preliminary estimates. It was the first contraction since 2012 amidst rising worries over the economic consequences of a “no-deal” Brexit. A second consecutive […]
Silver 1 OZ 999 NY (XAG=X) should continue to be very supported Silver markets initially fell during the trading session on Monday, but then turned around to reach towards the $16.50 level. That’s an area that of course attracts a lot of attention, as it is a large, round, psychologically important figure. Ultimately, this is a […]
New Zealand Dollar: NZD/USD (NZD=X) .6378 will signal a resumption of the downtrend The main trend is down according to the daily swing chart. A trade through .6378 will signal a resumption of the downtrend. The main trend will change to up when buyers take out .6791. This is highly unlikely today. The minor trend […]
DAX PERFORMANCE-INDEX (.GDAXI) recovery enters a new week A brief sojourn below the 200-day simple moving average (SMA) of 11,651 was followed up by a bounce for the DAX. However, gains stalled in the second half of the week, below 11,900, but higher lows have been established over the previous few sessions. Trendline support from the […]
UK FTSE 100 (.FTSE) surrendered early gains with Asia-focused shares particularly badly hit by worries over protests in Hong Kong London’s FTSE 100 surrendered early gains on Monday, with Asia-focused shares particularly badly hit by worries over protests in Hong Kong, while tour company Thomas Cook plunged after updating on its recapitalisation plans. The FTSE […]
Singapore: STI Index (.STI) cautiously rose following a volatile week Asian markets cautiously rose in early trading Monday, following a volatile week for global markets as U.S.-China trade tensions increased. Goldman Sachs on Sunday said that it does not expect a trade deal before the 2020 presidential election, and warned that the ongoing trade war is […]
Australia: S&P/ASX 200 (ASX:.AXJO) spent most of the day in red, then jumped 12 points on close to be higher A surprise jump in BHP and banking shares during the 4pm settlement has sent the S&P/ASX 200 from being in the red at 6578 points on the closing bell to being 6 points higher at […]
Asian markets were mixed Monday with investors gripped by concerns about the US-China trade war after Donald Trump said he was prepared to walk away from next month’s planned talks. The president’s comments spooked US investors and added to the sense of pessimism across world trading floors after the White House last week announced fresh […]
Walmart Inc. (NYSE:WMT), -1.14% tries to bolster its online business Walmart WMT, -1.14% tries to bolster its online business, it is staring down steep U.S. e-commerce losses that could amount to $1 billion this year, according to analysts at Morgan Stanley. Part of the problem is that the company sells a heavy mix of consumable products online, while […]
NASDAQ Composite (.IXIC) focus on the data particularly around retail sales and consumer confidence As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released. […]
No Nay Never’s terrific run with his juveniles continued on Friday, when Balancing Act (2f No Nay Never – My Lass, by Elmaamul) justified favoritism in the five furlong novice stakes at Thirsk. The Jedd O’Keeffe-trained filly was last seen finishing second in a similar contest at Ripon and PJ McDonald was back on board […]
Dow Jones Industrial Average (.DJI) especially volatile during the recent stock market turmoil Dow Jones futures advanced 0.2% vs. fair value. S&P 500 futures climbed 0.3% and Nasdaq 100 futures rose 0.5%. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session. Dow Jones futures have especially […]
Macy’s, Inc. (NYSE:M) is expected to provide a look at discounting trends Macy’s M, -4.38% is expected to provide an early look at how discounting trends and a wetter spring pressured department-store earnings on Wednesday, and will be followed on Thursday by JC Penney Co. Inc. JCP, -13.54% , which is in danger of having its stock delisted for trading at […]
Fifth last year, Irish raider Romanised (Holy Roman Emperor) took his revenge on Sunday in the 98th renewal of the Prix de Haras de Fresnay-le-Buffard Jacques le Marois (Gr1), the traditional Summer mile championship of the summer on the 1,600 meters in a straight line from Deauville. Led by the two pacesetters, the race really started […]
United States Oil (USO) lower demand forecasts International benchmark Brent crude futures were at $58.40 a barrel by 0638 GMT, down 13 cents, or 0.2%, from their previous settlement. U.S. West Texas Intermediate (WTI) futures were at $54.33 per barrel, down 17 cents, or 0.3%, from their last close. Both benchmarks fell last week, with […]
Shares in Hong Kong’s flagship carrier Cathay Pacific plunged more than four percent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland. Cathay shares lost 4.37 percent to HK$9.85 by the break in Hong Kong, with the carrier’s parent company Swire Pacific Ltd. plunging 5.26 percent to […]
Saudi state-owned energy giant Aramco said Monday its first half net income for 2019 had slipped to $46.9 billion, a first such disclosure for the secretive company ahead of its debut earnings call. “The company’s net income was $46.9 billion for the first half (of) 2019, compared to $53.0 billion for the same period last […]
Luxury fashion brands Versace and Coach have apologised for making perceived affronts to China’s national sovereignty on T-shirts, mistakes that cost them their high-profile Chinese brand ambassadors. Italy’s Dolce & Gabbana also apologised in November after its products were pulled from lucrative Chinese e-commerce platforms over an Instagram post seen by very few in China […]
HUE, Vietnam (August 12, 2019) – Azerai La Residence, Hue has unveiled a newly refurbished luxury spa that’s more than 50 percent larger than before, and that boasts new thermotherapy areas for men and women, in addition to a range of revitalizing new treatments. The two-time winner of the World Luxury Spa Award for Vietnam’s […]
The ‘Buy Bitcoin: USD/BTC (BTC=X)’ Argument Whether you’re cheering for its demise or not, the liberal vision of the nation-state is under threat, and that’s sowing chaos. On one side, the Internet has enabled new, transnational groups with loyalties that transcend their countries’ interests. On the other, this dislocation has fostered a backlash from defenders […]
Ethereum: USD/ETH (ETH=) short term upside correction from the $201 low against the US Dollar Recently, we saw a sharp decline in ETH price below the $220 and $215 supports against the US Dollar. The price even broke the $210 support level and settled below the 100 hourly simple moving average. Finally, the price tested the $200-$201 […]
Shanghai: SSE Composite Index (.SSEC) renewed concern the ongoing trade war will disrupt business operations China and Hong Kong stocks ended the week on a softer note on Friday, with the mainland’s benchmark capping the worst five straight days of trade in three months, as ZTE and other telecom equipment makers retreated on renewed concern […]
Australia: S&P/ASX 200 (ASX:.AXJO) renewed worries about the trade conflict between the US and China is set to put investors in a defensive mood ASX futures were down 22 points or 0.3% to 6499. The local currency slipped 0.2 per cent. On Wall Street, the Dow dipped 0.3 per cent, the S&P 500 slid 0.7 […]
Canadian Dollar: USD/CAD (CAD=X) economic calendar will be quiet with only the ADP payroll data and foreign securities purchases Canadian economic calendar will be quiet with only the ADP payroll data and foreign securities purchases on Thursday and Friday respectively. US inflation and the ongoing saga of trade headlines will guide the market as the […]
Hong Kong: Hang Seng Index (.HSI) Shares Mixed The major Asia Pacific stock indexes are trading mixed on Friday with China and Hong Kong posting losses. Market conditions are much calmer than earlier in the week, which suggests money managers may have priced in most of the negative events with hedges in safe-haven assets like […]
Australian Dollar: USD/AUD (AUD=X) key events are business and consumer confidence reports and employment change In Australia, the focus was on the RBA rate decision. The bank maintained rates at an even 1.0% and RBA Governor Philip Lowe had a dovish message for the markets. Lowe noted that trade tensions remained a pressing concern and […]
Euro: USD/EUR (EUR=X) appears that the pair is attempting yet another bottoming effort Several bottoming efforts in recent months have failed to produce a meaningful turn in EURUSD: the bullish falling wedge entering 2019; the bullish falling wedge between January and May; and the rising channel between May and July. Despite EURUSD hitting a fresh […]
UK FTSE 100 (.FTSE) threats to the global economy are brewing It is a tough time to be an investor right now. Even a quick glance at the business pages of any newspaper will tell you that threats to the global economy are brewing. Donald Trump’s trade tariffs have sparked a full-blown trade war with China. […]
Silver 1 OZ 999 NY (XAG=X) fresh appetite for the perceived safety of precious metals Silver prices on Wednesday surged by the most in nearly three years and gold settled sharply above an important psychological level at $1,500, amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of […]
Gold 1 OZ (XAU=X) solid resistance at $1,550.00 Gold prices are higher in early U.S. trading Friday, as traders and investors are uneasy again, and looking to the safe-haven metals for cover. December gold futures were last up $3.70 an ounce at 1,513.30. September Comex silver prices were last up $0.059 at $16.995 an ounce. Technically, the gold bulls have […]
DAX PERFORMANCE-INDEX (.GDAXI) awaits GDP and CPI data respectively While trade wars and monetary policy duke it out for the top spot on the radar of traders, Germany will look to provide insight on another major theme – economic growth. While all three themes are directly related, global growth concerns have receded from the headlines […]
New Zealand Dollar: NZD/USD (NZD=X) will follow the CNY down against the USD to fresh lows On Friday 2 August, just before dawn NZ time, President Trump tweeted that he would place 10% tariffs on the remaining $300b of Chinese imports not already facing punitive tariffs as of 1st September. This followed a restart of […]
Bitcoin: USD/BTC (BTC=X) Trades Sideways It is a largely green picture across the top-20 cryptocurrencies. While Bitcoin (BTC) has remained flat overall, altcoins have enjoyed some sizeable gains, with some rising over 9% on the day Bitcoin’s price was down a fraction at press time, losing 0.61% to trade at $11,352, according to Coin360. BTC’s value […]
British Pound: USD/GBP (GBP=X) may face a more bearish fate over the coming days The British Pound may face a more bearish fate over the coming days as Prime Minister Boris Johnsonremains adamant that the UK will depart from the European Union (EU) no later than the October 31 deadline, with the new leader hopeful that […]
Japanese Yen: USD/JPY (JPY=X) under pressure USD/JPY has, for now, established a bottom at ¥105.50, but this lower low continues to reinforce the bearish view. The gains made earlier in the week have been eroded, with the price failing to hold first ¥107.00 and then ¥106.50. Overnight gains stalled below ¥106.30, so if this continues to […]
Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the international financial hub is facing an economic crisis worse than either the 2003 SARS outbreak that paralysed […]
Facebook’s plan to hook ad-cash-deprived mainstream outlets on licensing payouts seems to be an attempt to hijack narrative control en route to total domination of the infosphere – the ultimate safe space, Zuckerberg-style. More than two thirds of American adults get their news from social media at the same time that more than half expect […]
Apple lost more ground in the shrinking smartphone market last quarter, with a sales tracker saying the tech giant was pushed off the top-three seller list by a Chinese rival. Apple fell to fourth place in global smartphone sales, shipping 35.3 million iPhones in the second quarter compared to the 36.2 million units shipped by […]
China’s aviation regulator on Friday demanded that Cathay Pacific prevent airline staff who have shown support for pro-democracy protests in Hong Kong from working on flights to the mainland or routed through Chinese airspace. The regulator also ordered the city’s flag carrier to handover identity information of staff on mainland-bound flights starting Sunday — declaring […]
China’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are […]
United States Oil (USO) jumped on expectations that falling prices could lead to production cuts Oil jumped more than $1 a barrel on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. […]
Ethereum: USD/ETH (ETH=) price is currently trading in a bearish zone and it even tested the $215 support area In the past two days, ETH price faced an increase in selling interest from $230 against the US Dollar. There was a steady decline below the $225 support level. Moreover, Ethereum price even broke the key […]
Apple Inc. (NASDAQ:AAPL) Ex-Dividend Date Scheduled for August 09 Apple Inc. ( AAPL ) will begin trading ex-dividend on August 09, 2019. A cash dividend payment of $0.77 per share is scheduled to be paid on August 15, 2019. Shareholders who purchased AAPL prior to the ex-dividend date are eligible for the cash dividend payment. […]
NASDAQ Composite (.IXIC) closes above 8000 Thursday’s session closes with the NASDAQ Composite Index up above 8000 points. The index first reached the 8000 mark on Aug 27, 2018. The total shares traded for the NASDAQ was over 2.49 billion. Advancers stocks led declining by 2.68 to 1 ratio. There were 2319 advancers and 865 […]
Tesla, Inc. (NASDAQ:TSLA) Subpoenas May Presage Formal Probe Freshly disclosed records suggest the National Highway Traffic Safety Administration may be preparing a formal investigation into Tesla Inc.’s driver-assistance system Autopilot, a former agency official said. The agency has issued at least five subpoenas since April 2018 for information about Tesla vehicle crashes, according to NHTSA […]
Dow Jones Industrial Average (.DJI) staging a strong comeback Stocks rose on Thursday, erasing most of the steep losses from earlier in the week, as global bond yields rebounded while investors digested better-than-expected trade data out of China. The Dow Jones Industrial Average closed 371.12 points higher, or 1.4% to 26,378.19. The S&P 500 advanced 1.9% to 2,938.09 while […]
Amazon.com, Inc. (NASDAQ:AMZN) Primed for a Bounce Trade Shares of online retailing giant Amazon(NASDAQ: AMZN ) haven’t been immune to the recent stock market volatility. In fact, AMZN stock fell about 14% in recent weeks. However, in the immediate term, the stock looks increasingly oversold and it’s a bounce candidate that active traders should consider closely. Before we […]
Cell MedX Corp. (OTC:CMXC) Technical Analysis Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.36. The projected lower bound is: 0.17. The projected closing price is: 0.26. Candlesticks A big white candle occurred. This is generally considered bullish, as prices […]
Bitcoin: USD/BTC (BTC=X) still awaits a bullish push to jump above $12,000 Bitcoin was above $12k for a few hours yesterday, and since then the coin is battling with resistance above $11,800 to surge above $12k again against U.S.Dollar. The coin was above $11836.95 4 hours ago, and from there it steadily surged above $11951. […]
Bion Environmental Technologies, Inc. (OTC:BNET) Technical Analysis Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.70. The projected lower bound is: 0.40. The projected closing price is: 0.55. Candlesticks A white body occurred (because prices closed higher than they opened). […]
Facebook, Inc. (NASDAQ:FB) Strong Growth Continues Facebook (FB) on July 24 reported financial results for its second quarter of fiscal 2019. For the period, revenues increased 28% (and 32% in constant currency) to $16.9 billion. That was a sequential improvement from the first quarter and much better than the mid-single digit percentage decline that management […]
FTSE Bursa Malaysia KLCI (.KLSE) ends broadly higher, CI up 0.71pc Bursa Malaysia ended broadly higher in line with regional peers and amid an announcement of better-than-expected Chinese trade data for July. At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 0.71 per cent or 11.32 points to end at 1,616.02 from yesterday’s […]
DAX PERFORMANCE-INDEX (.GDAXI) attempting to push higher after recent losses The DAX has managed to push through the 11,751 resistance level overnight, helping point towards a continuation of the gains seen since Tuesday’s lows. Once again, the severity of the prior sell-off does point towards a high likeliness of a decent rebound over the latter part of the week. With the price […]
UK FTSE 100 (.FTSE) higher as trader optimism appeared to bounce back FTSE 100 joined other global indices and headed higher on Thursday as trader optimism appeared to bounce back. The UK index of leading shares closed 87.20 points higher at 7,285. Elsewhere, the mid-cap FTSE 250 added over 196 points to stand at 19,137. […]
Brexit remains the biggest driver for British Pound: USD/GBP (GBP=X) Sterling falls to 31 month lows against the US Dollar The pound to US dollar exchange rate continues to test the lower levels with interbank rates for GBP vs USD currently sitting at 1.2180 for the pair. It’s a case of both sterling weakness as a result […]
Shanghai: SSE Composite Index (.SSEC) showing no significant reaction after China’s central bank set the yuan’s midpoint at its weakest level since 2008 Asian markets rose in early trading Thursday, showing no significant reaction after China’s central bank set the yuan’s midpoint at its weakest level since 2008. The People’s Bank of China early Thursday […]
Silver 1 OZ 999 NY (XAG=X) sees profit taking from the shorter-term futures traders and on downside corrections Gold and silver prices are lower in midday U.S. trading Thursday, on some normal profit taking from the shorter-term futures traders and on downside corrections after prices hit a six-year high in gold and a 13-month high in silver Wednesday. […]
New Zealand Dollar: NZD/USD (NZD=X) RBNZ looks to have gone full-blown dovish with more talks of negative rates and unconventional policies today The pair is looking to snap a run of ten consecutive daily losses today as the kiwi is holding firmer after the drop following the RBNZ decision to cut its OCR by 50 […]
Australia: S&P/ASX 200 (ASX:.AXJO) share market has risen for a second day as US-China trade tensions eased and Chinese trade data beat expectations The Australian share market has risen for a second day as US-China trade tensions eased and Chinese trade data beat expectations. The benchmark S&P/ASX200 index was up 48.6 points, or 0.75 per […]
Hong Kong: Hang Seng Index (.HSI) investors convinced now that the Sino-U.S. trade war will drag on and, if anything, intensify Many Chinese investors are piling into products that provide a hedge against a stock market collapse, convinced now that the Sino-U.S. trade war will drag on and, if anything, intensify. The dramatic shattering of […]
Euro: USD/EUR (EUR=X) Mixed Signals Just when it seemed like a bit of clarity had finally emerged in Euro technical positioning, a sharp recovery from support above the 1.10 figure has muddied the waters anew. The move pointedly undid an earlier break below a long-standing support shelf in the 1.1107-16 area, which seemed to signal bearish trend […]
Australian Dollar: USD/AUD (AUD=X) better than expected Chinese trade also helped fuel the recovery Volatility wise, it was a relatively quiet day in the forex market. USD/JPY extended its losses but the greenback recovered against euro, sterling and other major currencies. The rallies in the Australian and New Zealand dollars were the strongest with both […]
Canadian Dollar: USD/CAD (CAD=X) traders will continue to navigate uncertain waters awaiting domestic employment data The central banks of India, Thailand and New Zealand cut their benchmark interest rates on Wednesday as policy makers start walking the dovish walk. The Bank of Canada (BoC) had some breathing room after the Fed cut by 25 basis […]
Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00 Technically, December gold futures prices closed nearer the session low. The bulls still have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to suggest a market top is close at […]
Singapore: STI Index (.STI) fall bucking the positive trend in key global markets including the US Singapore stocks opened weaker on Thursday (Aug 8), bucking the positive trend in key global markets including the US. The Straits Times Index fell 0.68 per cent or 21.52 points to 3,163.17 points as at 9.03am. Losers outnumbered gainers […]
Japanese Yen: USD/JPY (JPY=X) exposed to test new support levels On the USD / JPY daily chart below, it seems clear that the price of the pair is exposed to test new support levels in the event of moving around and below the 105 psychological support, the lowest in seven months. Attempts for a bullish […]
Amazon.com, Inc. (NASDAQ:AMZN) Stock By the Numbers Earnings were a miss on EPS but a beat on revenues . AWS came in below expectations but is still grew at 37% year-over-year. I look for that trend to continue. Several analysts came out in defense of the stock recently. Mike Binger of Gradient Investments thinks investors should use any weakness […]
NASDAQ Composite (.IXIC) rising trade tensions led to concerns that a global economic slowdown U.S. stock index futures moved lower ahead of trading on Wednesday after rising trade tensions led to concerns that a global economic slowdown was likely. The immediate trigger for such fears was the People’s Bank of China’s decision to set the […]
The Reason for the Risin’ in Advanced Micro Devices, Inc. (NASDAQ:AMD) Share Price So, why did AMD stock price jump after tanking for several consecutive days? It’s all basically a relief rally: Lisa Su, the CEO of Advanced Micro Devices Inc., denied reports that she plans to leave the company and join IBM (NYSE:IBM). Evidently, technology news website WCCFTech had published […]
Bitcoin: USD/BTC (BTC=X) could dethrone gold as the ultimate safe-haven asset The price of bitcoin has broken above $12,000 (£9,870) to take its week-on-week gains above $2,000 and bring an end to a shaky time for cryptocurrency investors. Bitcoin is notoriously volatile, but the price fluctuations since June have been among the most erratic ever experienced by the world’s […]
Cisco Systems, Inc. (NASDAQ:CSCO) looking to display strength as it nears its next earnings release, expected to be August 14 Cisco Systems (CSCO) closed at $52.34 in the latest trading session, marking a -0.49% move from the prior day. This move lagged the S&P 500’s daily gain of 0.08%. Meanwhile, the Dow lost 0.09%, and […]
Ethereum: USD/ETH (ETH=) share of the entire cryptocurrency market has fallen to just 7.86 percent Ethereum’s rise to over a third of the entire digital currency market by June of the same year. Early announcements from the newly-formed Enterprise Ethereum Alliance announced the interest of big companies to investors eager to realise the kind of gains early […]
American Airlines Group (NASDAQ:AAL) Increases International Presence, Makes First Entrance into Africa American Airlines has the cure for the end-of-summer blues: new routes for next summer. Today, American unveiled its summer 2020 international schedule, which includes the following new service: Philadelphia (PHL) to Casablanca, Morocco (CMN) begins June 4 Dallas-Fort Worth (DFW) to Tel Aviv, […]
Dow Jones Industrial Average (.DJI) mustered modest gains following a dramatic turnabout U.S. stocks on Wednesday mustered modest gains following a dramatic turnabout, with all three key equity benchmarks recovering from losses of at least 1% which were partly driven by signs that global economic growth was slowing as the U.S. – China trade war […]
NHTSA sent Tesla, Inc. (NASDAQ:TSLA) a cease-and-desist letter over “misleading statements” about the Model 3′s safety rating The U.S. National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter regarding claims the company made on the safety of its Model 3 sedan. NHTSA Chief Counsel Jonathan Morrison sent Tesla CEO Elon Musk a cease-and-desist letter in October last year […]
Why Apple is investing in Apple Inc. (NASDAQ:AAPL) In the June quarter, Apple suffered through a sales slump, particularly in China, that resulted in a 13 percent drop from last year’s peak revenues and an 8.5% drop in profits. But that compares to the much larger collapse in Samsung Mobile performance—an incredible 41.6% collapse in operating profits—which […]
