Amazon.com, Inc. (NASDAQ:AMZN) digital assistant Alexa gets into your head Amazon on Wednesday unveiled a cornucopia of new gadgets as it extended the reach of Alexa from automobiles and homes essentially into people’s heads. Amazon digital aide Alexa vies with Google Assistant software to be at the heart of smart homes where lights, security systems, […]
82 entrants go forward for Europe’s richest mile handicap on Champions Day The £250,000 Balmoral Handicap, the race that brings down the curtain on QIPCO British Champions Day at Ascot on Saturday 19th October, has attracted a bumper 82 entries. Tickets for Champions Day are running out fast, with just Queen Anne Enclosure left. Book your […]
Vietnam’s new ‘It’ destination Cam Ranh has welcomed its most happening venue yet, a cool new beach club with sweeping views of Long Beach, a vast outdoor deck and live music. Aptly called the Beach Club, the venue is perched on the 12-hectare Anam resort’s finest ground right on Long Beach, renowned as one of Asia’s top beaches […]
Bitcoin: USD/BTC (BTC=X) looks set to test support near $7,500 Bitcoin fell sharply on Tuesday, confirming a bearish reversal and opening the doors for a test of crucial price support near $7,500. The leading cryptocurrency by market value ran into selling pressure around $9,700 in the early U.S. trading hours and fell to a 3.5-month […]
DAX PERFORMANCE-INDEX (.GDAXI) Drop as Risk Appetite Folds President Trump impeachment odds rose 20ppts to 57% in yesterday’s session after House Speaker Pelosi announced that the House will launch a formal impeachment inquiry into US President Trump. The impeachment proceedings are due to allegations that President Trump had pressured the Ukrainian President to investigate a political […]
UK FTSE 100 (.FTSE) Impeachment threat hits stocks The FTSE 100 has fallen into the red, weighed down by political storms on both sides of the Atlantic, as US Democrats launched an impeachment inquiry into president Donald Trump and prime minister Boris Johnson faced anger over his suspension of parliament was judged unlawful. The UK […]
Shanghai: SSE Composite Index (.SSEC) stock market about to change tides For the past year, Chinese stocks have become intrinsically tied to the ebb and flow of the Washington and Beijing trade war rhetoric, however, certain indicators measuring the financial health of the market are beginning to warn of further trouble. While the CSI 300 […]
Canadian Dollar: USD/CAD (CAD=X) ranging just below downtrend resistance– breakout targets well-defined The Canadian Dollar is virtually unchanged against the US Dollar since the start of the week with price carving the weekly opening-range just below downtrend resistance. These are the updated targets and invalidation levels that matter on the USD/CAD charts. Technical Outlook: In my last Canadian Dollar Price Outlook we noted to, “look […]
Japanese Yen: USD/JPY (JPY=X) May Reverse USD: The US Dollar remains king as its major counterparts weaken, most notably GBP. The greenback appears to have shrugged off the initital fears pertaining to an impeachment of President Trump. That said, it would take a 2/3 majority in the Senate to be able to remove Trump from office. […]
Euro: USD/EUR (EUR=X) US Consumer Confidence Declines in September The Conference Board reported a drop in the Consumer Confidence Index to 125.1 in September, down from 134.2 in the prior month. The figure fell short of the analyst estimate of 134.1 although the release did not have much of an impact on the dollar. EUR/USD […]
Silver 1 OZ 999 NY (XAG=X) prices see normal corrective pullbacks Gold and silver prices prices are weaker in early U.S. trading Wednesday, on routine downside corrections amid price uptrends still firmly in place on the daily bar charts. Don’t be surprised to see the bulls step in to “buy the dips” at some point […]
Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines Gold prices tumbled on Wednesday as traders absorbed geopolitics and determined that risk off was not in vogue. US yields moved higher putting upward pressure on the US dollar which paved the way for lower gold prices. Gold started the session on the offensive […]
Australian Dollar: USD/AUD (AUD=X) Sellers Drive into Support The late-Q3 impasse in the US Dollar continues to hold as the Greenback remains in a range despite a number of big drivers showing over the last couple of weeks. The European Central Bank rate decision and announcement of stimulus was unable to do it, as was the FOMC rate […]
New Zealand Dollar: NZD/USD (NZD=X) Firms After RBNZ Leaves Rates Unchanged Early Wednesday, the RBNZ held its Official Cash Rate (OCR) at 1 percent, as had been widely expected by analysts. This following a surprise 50-basis point cut to the OCR in August. The RBNZ also added in its statement that new information since August […]
British Pound: USD/GBP (GBP=X) return of Parliament to capture market attention The British Pound is trading softer mid-week, with declines coming against the majority of the world’s largest currencies, including a 0.8% decline against the U.S. Dollar, a 0.75% loss against the Swiss Franc and a 0.5% loss against the Euro. There is certainly a […]
Australia: S&P/ASX 200 (.AXJO) expected to rise On Wednesday the S&P/ASX 200 index came under pressure and tumbled lower due to a combination of trade war and impeachment concerns. The index finished the day 0.6% lower at 6,710.2 points. Will the local share market be able to bounce back from this on Thursday? Here are […]
Hong Kong: HANG SENG INDEX (.HSI) decline amid US political uncertainty Asia markets slipped on Wednesday as investors watched for developments in the United States after lawmakers launched an impeachment inquiry into President Donald Trump. Mainland Chinese stocks slipped on the day, with the Shanghai composite down 1% to about 2,955.43 and Shenzhen component declining 1.43% to 9,671.06. […]
Singapore: STI Index (.STI) shares track Wall Street Singapore shares tracked Wall Street losses overnight to open lower on Wednesday (Sept 25), with the Straits Times Index losing 0.6 per cent, or 18.89 points to 3,136.57 as at 9.01am. This comes after US stocks tumbled into the red after a hawkish statement on US-China trade […]
United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth. Trump sharply […]
Ethereum: USD/ETH (ETH=) expands blockchain capacity by 25% Ethereum’s network capacity has been expanded by the mining community to allow more transactions to be processed on the network per second. This is in light of increased traffic on the network, largely due to controversial stablecoin Tether and a gambling game called Fair Win. Ethereum co-founder Vitalik […]
Bitcoin: USD/BTC (BTC=X) prices crashed hard Bitcoin prices crashed hard — dropping almost $800 in a few minutes to show double-digit losses. It was down 11.4% and trading at $8,150 as of publishing time. According to data from Coin360, Bitcoin investors are experiencing a painful Tuesday, with BTC/USD hovering close to $8,100. Bitcoin’s rapid drop below $9,800 was the latest […]
Tesla, Inc. (NASDAQ:TSLA) falls as scrutiny over SolarCity acquisition increases with lawsuit Tesla’s stock (TSLA) took a big hit this morning while the rest of the market was up and it comes as a lawsuit brings more scrutiny to the SolarCity acquisition and Elon Musk’s involvement. Court documents were unsealed on Monday in a lawsuit […]
Alibaba Group Holding Limited (NYSE:BABA) Stock Features Enticing Fundamentals The direction of Alibaba (NYSE:BABA) stock is hard for investors to get a handle on. On the one hand, Alibaba group has access to the largest consumer base in the world. On the other, Alibaba group operates in a company that is trying to transition its emerging economy […]
UK FTSE 100 (.FTSE) finishes weaker as pound rises on UK Supreme Court ruling The FTSE 100 index closed lower on Tuesday as the pound jumped higher following news the UK Supreme Court had ruled that prime minister Boris Johnson’s prorogation of Parliament was unlawful. At the close, the UK blue chip index was off […]
Shanghai: SSE Composite Index (.SSEC) shares edge higher as China-US trade talks planned Shares edged higher in Asia on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks’ time. The Shanghai Composite index rose 0.3% to 2,985.34 while Japan’s Nikkei 225 added 0.1% to 22,098.84. […]
Canadian Dollar: USD/CAD (CAD=X) ongoing consolidation Although we were anticipating volatility from CAD’s energy underlying, this time around oil prices dropped on the back of expected weakened demand following yesterday’s PMI miss, recovering mostly by the end of the session. And with the greenback outperforming early on, its price touched its 200-day moving average before retracing back down. […]
Singapore: STI Index (.STI) showing cautious optimism Singapore stocks on Tuesday reversed the previous day’s losses as US economic data topped expectations and tensions eased on the trade front. The Straits Times Index gained 0.39 per cent or 12.22 points to close at 3,155.46, in line with most Asian markets. Gainers outnumbered losers 225 to […]
Japanese Yen: USD/JPY (JPY=X) likely that some downside potential could prevail Yesterday, the US Dollar appreciated slightly against the Japanese Yen. During Tuesday, the USD/JPY currency pair was trading at the 107.60 mark. Given that the exchange rate is trading near the upper boundary of the short-term descending channel, it is likely that some downside […]
Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming. The amount of debt is growing tremendously, with the […]
Euro: USD/EUR (EUR=X) momentum indicators backing up bearish sell-off The Euro-to-Dollar rate keeps grinding lower and rallies in the Euro provide a good opportunity for traders to buy the U.S. currency at a relatively cheap price before it appreciates further, shows research by Richard Perry, a market analyst at Hantec Markets. Analysing the EUR/USD pair, Perry […]
Hong Kong: HANG SENG INDEX (.HSI) Fairly Flat Amid Growth Concerns Stocks in Asia struggled for direction on Tuesday as weak economic data in Europe fuelled fears of slowing growth and weighed on investor sentiment. Japanese markets returned from a long weekend Tuesday, as the Nikkei 225 gained 19.75 points, or 0.1%, to 22,098.84, despite […]
British Pound: USD/GBP (GBP=X) rallies after court decision The British pound has rallied a bit during the trading session on Tuesday as the market reacted to the court decision, which could throw a wrench into the idea of a “no deal Brexit.” The biggest problem of course is that we have seen this movie before, and […]
Australian Dollar: USD/AUD (AUD=X) Trading Lower Looking at the daily chart, we notice on Sep 19 AUD/USD declined to a lower trading zone 0.6826 – 0.6904 eyeing a test of the low end of it. Thus, a close below the low end could see further bearish move towards 0.6631. However, the weekly support area and […]
New Zealand Dollar: NZD/USD (NZD=X) in a strong downtrend The NZD/USD is in a strong downtrend. If we see a pullback the POC zone should show fresh sellers and the Kiwi should drop again. 0.6320-50 is the confluence zone. Watch for rejections in the area if the price pulls back. We can see a strong zig […]
Silver 1 OZ 999 NY (XAG=X) Price Retains Latest Rally Silver rallied in excess of 3% Monday, out-performing gold, as buyers dominated the market. As with gold, a break above the 20-day moving average added impetus to the move, which now looks set to re-test the recent $19.65/oz. high ahead of the July 2016 high at […]
Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade All the big banks rose, with ANZ up 1.3 per cent to $28.28, Westpac up 0.4 per cent to $29.92, NAB up 0.6 per cent to also close at $29.92, and Commonwealth up 0.1 per cent to $82.10. In the materials […]
Apple Inc. (NASDAQ:AAPL) May Get Clues About Its Chances of Winning Tax Case of the Century Apple Inc. may only need to wait until Tuesday to get early clues about its chances of success in the biggest tax case in recent history. The iPhone maker has been arguing its case at the European Union’s General […]
This Connection Between Alibaba and TikTok Means Big Bucks for Alibaba Group Holding Limited (NYSE:BABA) Stock The social media video app TikTok is taking the U.S. by storm. Douyin, the Chinese version of the app, could be even bigger. In fact, it may end up a cash cow for Alibaba Group (NYSE: BABA) stock. What Is Douyin? TikTok […]
Facebook, Inc. (NASDAQ:FB) Buys CTRL-labs Facebook will buy CTRL-labs for about $1 billion, according to CNBC. The startup focuses on technology to let people control computers with their minds. Facebook stock rose 0.5% overnight. Shares fell 1.6% Monday, once again hitting resistance at their 50-day line. Technical Indicators Overall, the bias in prices is: Sideways. The projected […]
United States Oil (USO) Middle East Tensions Lift Prices Oil prices are currently trending higher owing to rising Middle East tensions and an attack on Saudi oil facility that led to a disruption in the global supply of crude. The coordinated drone strikes on key Saudi oil facilities have removed nearly 5% of global supplies, […]
Judge orders Tesla, Inc. (NASDAQ:TSLA) board to face trial, with billions of dollars at stake for Elon Musk Elon Musk stood to take home billions of dollars under a compensation package approved by Tesla Inc.’s board — but that could all change in a trial ordered by a Delaware judge. The judge, Vice Chancellor Joseph Slights of the Delaware Court […]
Bitcoin: USD/BTC (BTC=X) Deepens Under $10,000 Bitcoin’s three-months of sideways trading may soon end with a notable price drop, as key indicator is reporting strongest bearish bias in nine months. The leading cryptocurrency’s stellar rally from April’s low of $4,000 ran out of steam at highs above $13,880 at the end of June. Since then, […]
End of The Boeing Company (NYSE:BA) 737 MAX grounding up to individual countries The Federal Aviation Administration said Monday that it still has no timeframe to lift the grounding of the Boeing 737 MAX, and that individual countries will decide when the plane can fly again. “Our first priority is safety, and we have set […]
Dow Jones Industrial Average (.DJI) close little changed amid worries about the global economy Stocks closed little changed Monday as weak economic data out of Europe stoked worries over the state of the global economy. The Dow Jones Industrial Average gained just 14.92 points, or 0.1% to 26,949.99, led by a gain in American Express. The S&P 500 ended the […]
NASDAQ Composite (.IXIC) close mixed; investors play defense after eurozone data highlights global slowdown U.S. stocks closed mixed, but largely unchanged Monday after investors weighed downbeat data on eurozone manufacturing activity with news that Chinese officials played down the significance of last week’s cancellation of visits to U.S. farm states. How did markets perform? The […]
Ethereum: USD/ETH (ETH=) Falls Below $210 After a 1% Cut Ethereum (ETH) seems to have halted its growth movement and in the last 24 hours, it has been hit by a 1% decline in the value. The current price is roaming around 208 USD, well below its previous comfort of 210 USD. It has shown five […]
Euro: USD/EUR (EUR=X) continuation of the overall choppy and difficult situation The Euro initially rallied during the trading session on Monday and then ended up breaking below the 1.10 EUR level. By doing so, it shows a continuation of the overall choppy and difficult situation. The Euro initially tried to rally during the trading session on […]
Shanghai: SSE Composite Index (.SSEC) Investors seen taking profits before National Day in October Chinese stocks fell and the yuan weakened as caution descended on the country’s financial markets ahead of its 70th anniversary celebrations. The Shanghai Composite Index closed down 1% at 2,977, while the yuan weakened as much as 0.52% to 7.1287 a […]
Silver 1 OZ 999 NY (XAG=X) strong gains have investors attention Monday’s strong gains in the silver market have focused more trader and investor attention on the metal that many term gold’s little brother. Indeed, safe-haven demand has driven both silver and gold prices solidly higher since early-summer. Today’s burst in silver prices to a two-week high […]
Hong Kong: HANG SENG INDEX (.HSI) extends run of losses to six straight sessions Hong Kong’s Hang Seng index extended its longest losing streak since October 2018 to six straight sessions. It lost 0.87 per cent to end at 26,205.09. All sectors bar telecommunication services fell, and even that rose just 0.15 per cent. Just six of […]
British Pound: USD/GBP (GBP=X) shows signs of exhaustion The British pound initially tried to rally during the trading session on Monday, but then broke down to show signs of weakness. Rallies at this point continue to offer opportunities to pick up the greenback “on the cheap.” The British pound initially tried to rally during the trading […]
Canadian Dollar: USD/CAD (CAD=X) Yawns After Mixed Retail Sales USD/CAD was quiet late last week, and even retail sales failed to wake up the lethargic Canadian currency. Retail sales in July improved to 0.4%, matching the forecast and marking a 4-month high. Core retail sales could not keep up and declined 0.1%, shy of the […]
The official two year-old trials in Sydney on Monday at Randwick produced some interesting winners including blue-blooded filly Ticket to Ride (2f Vancouver x Abbey Road, by Street Cry), who was one of the first foals born for Golden Slipper winning sire Vancouver in 2017 and is now his first trial winner. She hit the line hard […]
Ignited by President Trump’s conflict with China, the global economy is facing a future with higher tariffs and barriers to free trade than in the past eight decades, a Federal Reserve official said Monday. As hopes for a rapid trade deal between the United States and China evaporated in August, St Louis Federal Reserve Bank […]
Japanese Yen: USD/JPY (JPY=X) will continue to see a lot of back-and-forth grinding The US dollar has pulled back a bit against the Japanese yen initially during the trading session on Monday but has found a bit of buying at the 50 day EMA. That’s a technically significant event, and if we can stay above there, then […]
New Zealand Dollar: NZD/USD (NZD=X) Could Still Edge Lower During Friday’s trading session, the New Zealand Dollar depreciated about 47 basis points against the US Dollar. The 50– hour simple moving average pressured the currency pair lower during the previous session. Everything being equal, it seems that the exchange rate will continue to edge lower […]
Singapore: STI Index (.STI) Bbusiness confidence for the last quarter dropped to close to a two year-low Business confidence for the last quarter has dropped to close to a two year-low, as Singapore’s key manufacturing and wholesale trade sectors brace for a downturn. Business sentiment has dipped to +4.82 percentage points for 4Q19, from +6.91 […]
Australian Dollar: USD/AUD (AUD=X) weakness beyond 6815 would suggest a larger correction is underway The Australian Dollar is down nearly 2% off the monthly highs against the US Dollar with the decline testing the first major daily support zone early in the week. These are the updated targets and invalidation levels that matter on the AUD/USD charts. In my last Australian Dollar […]
Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand Gold prices are trading at a more than one-week high as growth concerns spark renewed safe-haven demand for the yellow metal; however, one analyst isn’t convinced that the current rally can be sustained. December gold futures are […]
NASDAQ Composite (.IXIC) drops as China cancels farm trip Wall Street has dropped, and also finished the week lower, after a Chinese agriculture delegation cancelled a planned visit to Montana, dampening optimism about US-China trade talks. The delegates, who had been set to visit US farm states next week, will return to China sooner than […]
United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a […]
Tesla, Inc. (NASDAQ:TSLA) board of directors must stand trial to defend CEO Elon Musk’s multibillion dollar pay package esla’s (NASDAQ:TSLA) board of directors must stand trial to defend CEO Elon Musk’s multibillion dollar pay package, according to a ruling from a Delaware judge, after a shareholder suit alleged corporate waste and unjust enrichment. Tesla valued the package […]
Ethereum: USD/ETH (ETH=) Drops Towards $210 as Sellers Step Up At the time of writing, Ethereum is trading down nearly 2.5% at its current price of $211.75, which marks a fairly deep retrace from its daily highs of nearly $219, but a slight bounce from its daily lows of $210. Ethereum tried and failed on multiple occasions to decisively […]
Bitcoin: USD/BTC (BTC=X) Finds Support Around $10,000 At the time of writing, Bitcoin is trading down marginally at its current price of $10,000, which marks a slight recovery from 24-hour lows of $9,900, with this fleeting drop into the four-figure price region being met with significant buying pressure. Because Bitcoin has been consolidating within the lower-$10,000 region for the […]
British sporting icon Sir Nick Faldo is offering two lucky golf fans the chance to ‘Live Like a Legend’ by joining him for a trip of a lifetime at Laguna Lang Co in Vietnam, a resort he calls ‘his paradise’. The six-time Major winner, who is recognised as one of golf’s all time greats, launched […]
Milan’s Five Star Hotel Experience Travel in style to Milan, Italy. We at Baglioni Hotels will ensure the best 5-star hotels experience both leisure and business trips. The Baglioni Hotel Carlton is situated in the heart of Milan, at the crossroads of culture, fashion and design. Its highly prestigious position distinguishes it from other Milan luxury hotels: […]
Australian Dollar: USD/AUD (AUD=X) Slides after Mixed Jobs Report AUD/USD recorded sharp losses last week, with a decline of 1.7%. It was the Aussie’s worst week since mid-July. There are only two events in the upcoming week. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. The Australian dollar continued to post […]
Hong Kong: HANG SENG INDEX (.HSI) fell 3.4 per cent last week as the fallout from the protests hurts corporate earnings Hong Kong stocks ended Friday as the world’s worst-performing major equity market after concerns heightened that the political unrest has already taken a heavy toll on the city’s economy. The Hang Seng Index dropped […]
Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X) Fresh comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank. FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL The price of gold slipped to a fresh monthly-low ($1483) as […]
Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus Bullish momentum continues for the ASX 200, which records a 4th consecutive weekly gain. Subsequently, the index is now testing the 6760-70 resistance zone, which has curbed futures upside for now. Eyes will be on RBA Governor Lowe, which may be key in breaking topside resistance […]
Japanese Yen: USD/JPY (JPY=X) trend is likely to continue because of uncertainties over U.S.-China trade relations The Dollar/Yen closed lower for the first time in three weeks in reaction to several factors including mixed central bank decisions, lower Treasury yields and a drop in demand for higher risk assets. The primary catalysts behind the weakness […]
Silver 1 OZ 999 NY (XAG=X) risk aversion in the world marketplace has subsided Gold and silver prices are slightly up in early U.S. trading Friday. Risk aversion in the world marketplace has subsided late this week, which is bearish for the safe-haven metals. However, there is still enough uncertainty on the geopolitical front to keep the sellers […]
The second day of Milan Fashion Week Summer/Spring 2020 continues to amaze us with a showcase of outstanding collections—from Max Mara’s pastel parade to Moschino’s artsy looks and more. Max Mara show Day two started with a pastel parade of supermodels like Gigi and Bella Hadid, Candice Swanepoel, Doutzen Kroes and Kaia Gerber donning Max […]
Chinese e-commerce giant Alibaba’s marketplace platform AliExpress made its debut at the ongoing Milan Fashion Week on Friday, with an exhibition and a catwalk event that stretched out to virtual clients across the world. This was the first time the Milan Fashion Week — Italy’s biggest fashion event — opened its doors to a global […]
G1 Goal for New Pierro Stakes-Winner Rock A patient approach with progressive four year-old Rock (4g Pierro x Subtitle, by Fastnet Rock) paid big dividends at Newcastle on Friday when he stormed into contention for the Group I ATC Epsom Handicap with a barnstorming victory in the Group III Cameron Handicap. Drawn wide in the big field of […]
Saturday’s card at ParisLongchamp is typical of a side meeting, nestled between the Arc Trials and the Arc weekend, in a fortnight. In this timing, the Prix du Prince d’Orange (Gr3), a 10 furlongs race for 3-year-olds, can be seen as a last opportunity to tune up for the Arc, even if this idea has not given […]
NASDAQ Composite (.IXIC) Gives up Early Gains on Trade Fight Worries A strong opening stock rally Thursday faded in the afternoon in part because of worries about the upcoming U.S.-China trade talks. The concern was prompted when Michael Pillsbury, a prominent adviser to President Donald Trump, told the South China Morning Post that Trump would raise tariffs substantially on […]
Netflix, Inc. (NASDAQ:NFLX) co-founder Marc Randolph: ‘Focus’ will help it beat Apple, Disney The streaming wars are just getting started. With NBCUniversal (CMCSA) unveiling the official name of its streaming service, WarnerMedia’s HBO Max (T) landing a mega deal for “The Big Bang Theory” and Apple TV+ (AAPL) and Disney+ (DIS) gearing up for November […]
Amazon.com, Inc. (NASDAQ:AMZN) stock remains a growth story and one worth buying Up 21% year-to-date with a market capitalization of over $903 billion and sitting as the third-largest company in the S&P 500, it’s often hard for Amazon.com (NASDAQ:AMZN) to tread lightly. In the rarefied air in which Amazon stock resides, it usually takes a lot to […]
United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure Oil prices rose slightly on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained 72 cents to $64.33 […]
Apple Inc. (NASDAQ:AAPL) iconic Fifth Avenue store reopens The Fifth Avenue Apple Store, otherwise known as the “cube,” reopens to the public on Friday at 8 a.m. ET. CNBC was invited to take a look before it officially reopens — here’s a tour of what it looks like inside. The flagship store in New York has been […]
Dow Jones Industrial Average (.DJI) closes slightly lower after Fed’s interest rate decision Stocks finished mixed Thursday, as investors come to grips with the Federal Reserve forecasting no further interest rate cuts this year. The Dow (INDU) closed 54 points, or 0.2%, lower, while the S&P 500 (SPX) ended flat. The Nasdaq Composite (COMP) finished 0.1% higher.Lower interest rates are good for stocks, because […]
Bitcoin: USD/BTC (BTC=X) back above the $10,000 and $10,100 levels, with positive signs Bitcoin Cash Price Analysis BCH price corrected lower recently and tested the $305 support area against the US Dollar. Later, the price bounced back above the $310 and $315 levels. It seems like the price is about to break the $320 resistance […]
Ethereum: USD/ETH (ETH=) ecosystem is strengthening in more ways than one Ethereum: Greater Than The Sum … The latest report from blockchain industry leaders ConsenSys has broken down the current state of the Ethereum network to provide more insight on its status. There has been no end of ETH bashing this year, from Bitcoin maximalists to leaders […]
Accustomed to being the first woman in influential leadership positions and speaking frankly to men in power, Christine Lagarde says manmade threats to the global economy can be “man-fixed.” Lagarde only last week left her post as head of the International Monetary Fund after eight years, the first woman to serve in that role, and […]
Best Restaurants in Milan If there’s one city in Italy that dares to mix culinary traditions with gourmet experimental twists and sublime concoctions, it’s Milan.You may want to travel here just for the fine dining.Forget the stereotypical cotoletta alla milanese (veal steak fried in bread crumbs) and prepare for extravagant influences from all over the world.These five high-end, cosmopolitan […]
A FedEx pilot was arrested in China and released on bail, the company said Thursday, amid an ongoing row with Beijing over the US firm’s delivery irregularities involving telecoms giant Huawei. Todd Hohn, a former US Air Force pilot, was arrested by Chinese authorities a week ago as he waited for a commercial flight in […]
Fendi lets the sunshine in with Milan show Dawn rays transformed the habitually grey skies of Milan Thursday as luxury fashion brand Fendi sent its latest collection down the runway under a vast rising sun. It was Silvia Venturini Fendi’s first show following the death of fashion legend Karl Lagerfeld in February, and her ready […]
DAX PERFORMANCE-INDEX (.GDAXI) shares almost unchanged at start of trading German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index opening at 12,355.92 points, down 33.7 points, or minus 0.27 percent. The decision to cut interest rates by the U.S. Federal Reserve (Fed), which had lowered the federal […]
UK FTSE 100 (.FTSE) BOE keeps interest rates at 0.75% THE Bank of England (BOE) on Thursday said it had voted to keep its main interest rate at 0.75 per cent as it balances Brexit uncertainty and weak global growth. The Monetary Policy Committee decided unanimously to hold borrowing costs at a regular meeting held […]
Canadian Dollar: USD/CAD (CAD=X) Breakout Potential The Canadian Dollar is up down more-than 0.2% against the US Dollar since the start of the week with USD/CAD stretching into near-term resistance post- FOMC yesterday. Despite the recent advance, Loonie remains within the confines of a well-defined range with the broader outlook still tilted to the downside. In my last Canadian Dollar Price Outlook we noted that USD/CAD was approaching daily […]
Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising The Australian Dollar was crushed Thursday in the wake of an August jobs report that showed the unemployment rate rising, which is tipped by Wesptac to incite further interest rate cuts from the Reserve Bank of Australia (RBA) and a return to a decade-long low by the antipodean […]
New Zealand Dollar: NZD/USD (NZD=X) target 0.5989 From the daily chart, we notice since Sep 6 NZD/USD has failed in multiple occasions nearby the high end of current trading zone 0.6236 – 0.6438. The price changed direction eyeing a test of the low end. Hence, a close below the low end of the zone could […]
Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales U.S. economic data continue to have little impact on gold, as prices hold above $1,500 an ounce following stronger than expected existing home sales for August, according to the latest report from the National Association of Realtors (NAR). […]
Hong Kong: HANG SENG INDEX (.HSI) stocks hit longest losing streak in six weeks Hong Kong stocks fell for a fourth straight day, their longest losing streak in six weeks, on concerns there will be more protests ahead of China’s National Day. The Hang Seng Index dropped 1.1 per cent to 26,468.95 at the close […]
British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging It’s not a “Super Thursday,” but it sure feels like one. The September Bank of England policy meeting produced the dually surprising yet unsurprising remark from BOE Governor Mark Carney that the Monetary Policy Committee may need to cut interest rates thanks to the uncertainty […]
Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance Yesterday, the Federal Reserve cut interest rates to 1.75-2.00% as expected. However, the mixed outlook in regard to the future path of interest rates among the committee with 7/17 expecting rates to be lowered again slightly disappointed the dovish market expectations. Therefore, gold and silver […]
Euro: USD/EUR (EUR=X) consolidating The Euro market rallied during the trading session on Thursday, reaching towards the top of the short term range. The 50 day EMA above is painted in red, and it should continue to offer a lot of resistance. The shooting star from several days ago continues offer a major barrier, so that being […]
Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance The US dollar has pulled back a bit against the Japanese yen during trading on Thursday as the 50% Fibonacci retracement level has made its presence known. That being said though, it’s very likely that the area that could cause quite a bit of issues not […]
The Best Hotels in Milan In spite of having some world class sights, Milan is not a tourist city and the hotel scene reflects this. About 80 per cent of the Italian HQs of international companies are based here or in the immediate surrounding area, so it stands to reason that the best places to […]
