Shanghai: SSE Composite Index (.SSEC) investors locking in profits Chinese shares ended lower on Tuesday, snapping a six-day streak of gains, as investors locked in profits, while concerns that China and the United States would make little headway toward resolving their bitter trade war this week also hurt sentiment. At the close, the Shanghai Composite […]
Gold 1 OZ (XAU=X) pushing higher to fresh six-year highs The precious metal continued to push higher as it rallied to fresh six-year highs. Gold gained over 1.5% on Monday as it comfortably closed past the $1400 level an ounce. The gains in gold prices come with a mix of a weaker USD and a […]
Australian Dollar: USD/AUD (AUD=X) can continue to go higher with people knowing that the RBA is very likely to cut rates The Australian dollar has rallied during trading on Monday, reaching the 50 day EMA before pulling back slightly at the end of the session. At this point, the question is whether or not the […]
British Pound: USD/GBP (GBP=X) to trade heavily this summer as political risk rises Pound Sterling could be in for a rough ride against the Dollar and Euro through the remaining summer months, according to strategists at HSBC, who say the mounting threat of both a ‘no deal’ Brexit and general election will weigh on the British […]
Japanese Yen: USD/JPY (JPY=X) rises above 107 vs dollar, highest since January The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a […]
Silver 1 OZ 999 NY (XAG=X) may continue to get a bit of a boost Silver markets have gone back and forth during the trading session on Monday as traders came back from the weekend. This is a sign that the market is trying to figure out where to go next, but clearly we have broken […]
Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week The Australian sharemarket closed slightly lower on Tuesday, as investors remained cautious ahead of key trade talks later this week, shifting capital into more defensive assets. The S&P/ASX 200 Index slid 7.4 points, or 0.1 per cent, to 6658 while […]
Singapore: STI Index (.STI) dips on Fed’s dovish stance Lacking catalysts, the local equities market had a cautious start to the week, and like its regional peers, saw muted market action. The Straits Times Index (STI) finished at 3,311.53, down 9.87 points, or 0.3 per cent. It was mixed across the region with markets in […]
TRC SYNERGY BHD (TRCG:KL) sees flat revenue growth in FY19 on fewer jobs Construction company TRC Synergy Bhd expects to post flat revenue growth in the current financial year ending Dec 31, 2019 (FY19) on fewer construction jobs. Executive director Datuk Abdulaziz Mohamad said the group has set a lower tender book replenishment target of RM2 […]
TELEKOM MALAYSIA BHD (TLMM:KL) extends gains, climbs as high as 4.2% Investors’ appetite for Telekom Malaysia Bhd (TM) appears to be increasing, as the stock was climbing again to an intraday high of RM4.22 earlier today, or 4.2% higher than its closing price of RM4.05 yesterday. As at 3.29pm, the counter, which was the sixth […]
Amazon.com, Inc. (NASDAQ:AMZN) announces the opening of the Amazon Professional Beauty Store to offer professional stylists Shares of Ulta Beauty and Sally Beauty sank Monday after Amazon launched its own beauty store for licensed professionals. The e-commerce giant announced the Amazon Professional Beauty Store to offer professional stylists, barbers, and aestheticians beauty supplies typically found in salons and spas. […]
NASDAQ Composite (.IXIC) investors awaiting U.S.-China trade talks the end of this week at the G20 summit Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest […]
Will Bitcoin: USD/BTC (BTC=X) keep rising? BITCOIN (BTC) has today surged above $11,000 (£8,631), hitting its highest level since March last year. So what has triggered the bitcoin price boom? Bitcoin prices have more than tripled since the start of the year, rising sharply amid strong sentiment and bullish momentum. The flagship cryptocurrency is currently valued […]
Apple Inc. (NASDAQ:AAPL) looking to display strength as it nears its next earnings release Apple (AAPL) closed at $198.60 in the latest trading session, marking a -0.09% move from the prior day. This change was narrower than the S&P 500’s daily loss of 0.17%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%. […]
Dow Jones Industrial Average (.DJI) failed to hit a record high The Dow failed to hit a record high on Monday, finishing the day just barely in the green. The Dow (INDU) closed flat, up only 8 points. It sits 0.4%, or 101 points, below the all-time closing high it recorded in October, according to […]
Tesla, Inc. (NASDAQ:TSLA) run into some serious resistance Shares of Tesla (NASDAQ: TSLA ) have run into some serious resistance even after after avoiding any headline risk over the past several weeks. TSLA stock seems to be stalling out after a red hot rally off the recent lows at $180. Given the ongoing cash burn and deteriorating demand, I […]
Alphabet Inc. (NASDAQ:GOOG) Rare Political Consensus Casts Cloud It’s a scenario that sets the stage, finally, for legislative change that could do what the FTC and the DOJ will likely be unable to meaningfully do. Additionally, it’s an element that could meaningfully affect Google stock. “If we want relief and we want it in our […]
Alibaba Group Holding Limited (NYSE:BABA) has signed an agreement with the Yiwu government Reportedly, Alibaba Group Holding Limited BABA has signed an agreement with the Yiwu government to establish an e-commerce trade hub under the Electronic World Trade Platform (eWTP) initiative. Located in the province of Zhejiang, Yiwu is the world’s largest wholesale market for daily commodities. […]
Facebook, Inc. (NASDAQ:FB), Netflix Lead The FANG Stocks Facebook and Netflix (NFLX) rallied about 1% apiece, leading the FANG stocks. The social media giant is moving closer to a 198.58 buy point in a large cup with handle. Bullishly, the relative strength line is also nearing a new recent high, underscoring the stock’s recent outperformance vs. the general […]
United States Oil (USO) Trump administration announces additional Iran sanctions Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran. President Donald Trump on Monday signed an executive order imposing financial sanctions on Iranian leaders, according to […]
Euro: USD/EUR (EUR=X) moves to 3-month high, menacing resistance above 1.14 figure The Euro is attempting to make good on completing a bullish Falling Wedge chart formation, reversing higher form a deep corrective setback to reach a three-month high against the US Dollar. Breaking resistance marked by the June 7 swing top at 1.1348 has exposed the March 20 […]
Asian markets are significantly lower this morning and lending a softer tone to the opening calls on the European exchanges. The Hang Seng and Nikkei225 are closing 386 and 92 points lower respectively whilst opening calls for the FTSE and DAX see those markets lower by 26 and 44 points. GOLD has been particularly volatile […]
Top 10 Best Hotels in Japan Japan’s colourful shrines, fascinating geisha districts and age-old Buddhist temples stand witness to the country’s rich cultural heritage and ancient history. From the famous monuments in the stunning imperial city of Kyoto to the bustling capital of Tokyo with its dizzying dimensions and flashing neon lights, there is no shortage […]
TENAGA NASIONAL BHD (TENA:KL) names Shahazwan Harris to lead IAG Tenaga Nasional Bhd (TNB) has appointed Shahazwan Harris as its chief international officer, tasked with leading its new division International Asset Group (IAG) effective July 1, 2019. TNB CEO and president Amir Hamzah Azizan said Shahazwan has been involved in various sectors, which will place […]
PETRONAS GAS BHD (PGAS:KL) will not be affected with Moody’s downgrade Prime Minister Tun Dr Mahathir Mohamad (picture) said that Moody’s Investors Service Inc recent downgrade of Petroliam Nasional Bhd’s credit rating may be inaccurate but believed change would not impact the state-owned energy company. “That is Moody’s assessment, but they are not necessarily right. Sometimes some […]
Shanghai: SSE Composite Index (.SSEC) global investors who crave for a bite of China’s economic growth dividends have more channels Starting from Monday, global investors who crave for a bite of China’s economic growth dividends have more channels. Nearly 1,100 companies listed on China’s A-shares market became eligible for investment by certain overseas funds and […]
British Pound: USD/GBP (GBP=X) looks as if we are trying to continue the downward momentum The British pound initially tried to rally during the trading session on Monday but has found the 1.2750 level to be too much in the way of resistance yet again. That being the case, it looks as if we are […]
Euro: USD/EUR (EUR=X) climbing to fresh two-month-highs Coming into the month EURUSD was one of my favored spots to look for short-side USD exposure. And this wasn’t borne from any particular optimism around the Euro-zone as much as the length of time that the bearish side of the pair has been in-favor. Perhaps most importantly, the […]
Japanese Yen: USD/JPY (JPY=X) US dollar continues to look soft against the Japanese yen The US dollar has rallied slightly early during the trading session on Monday, but when taken in concert with the overall trend, there’s not much to look at here. There should continue to be resistance above at the previous 61.8% Fibonacci retracement […]
Australian Dollar: USD/AUD (AUD=X) pops on RBA comments The Australian Dollar experienced a little lift to kick-off the trading week. A short-term phenomenon, for sure, the local unit climbed following comments made by RBA Governor Philip Lowe at a panel discussion yesterday morning, that “… it’s legitimate to ask how effective more [monetary policy] easing […]
Singapore: STI Index (.STI) Consumer Price Index (CPI) grew 0.9 percent year-on-year in May Singapore’s Consumer Price Index (CPI) grew 0.9 percent year-on-year in May, following the 0.8 percent increase in April, the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said in a joint release on Monday. The authorities attribute […]
Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies” Gold prices are posting good gains and are near last week’s six-year high of $1,415.40 in August futures. Safe-haven demand amid heightened geopolitical events is keeping gold prices on the rise. Also, a slumping U.S. dollar index […]
Silver 1 OZ 999 NY (XAG=X) target at $16.00 an ounce July silver futures bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.00 an ounce. The next downside price breakout […]
Hong Kong: HANG SENG INDEX (.HSI) bullish optimism emerging for a thaw in U.S.-China trade talks Asian stock markets struggled Monday, with some spotty gains amid bullish optimism emerging for a thaw in U.S.-China trade talks. The Chinese state-run Xinhua news agency said Sunday that China’s President Xi Jinping will attend the G-20 summit in […]
Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce Australian shares opened the week’s trading higher on Monday, as the market rallied from an opening loss on a subdued day of trading ahead of a key meeting between US President Donald Trump and China’s Xi Jinping later […]
Facebook, Inc. (NASDAQ:FB) revealing the details of one of its biggest endeavours Despite Facebook FB revealing the details of one of its biggest endeavors, the company has been meet with opposition. It was last week that Facebook announced the details of its digital currency Libra, which will become avaialble for online users in 2020. Just hours after […]
Alphabet Inc. (NASDAQ:GOOG) faced a fierce backlash after details leaked about its censored search engine for China Last year, Alphabet ‘s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google faced a fierce backlash after details leaked about its censored search engine for China, codenamed Dragonfly. In December, The Intercept claimed that Google “effectively ended” the development of Dragonfly, but CEO Sundar […]
Dow Jones Industrial Average (.DJI) riding high on the dovish stance from the US Federal Reserve Global equities, which have been riding high on the dovish stance from the US Federal Reserve, would enter the week with positive sentiment ahead of the meeting between US president Donald Trump and his Chinese counterpart Xi Jinping. Last […]
NASDAQ Composite (.IXIC) saw the steepest decline on a percentage basis with a slip of 0.24% A late-session selloff kept the S&P from another record and snapped the major indices’ four-day winning streak. But let’s not be too demanding, especially in a low volume summer session. Stocks still rose for the third consecutive week to […]
Tesla, Inc. (NASDAQ:TSLA) Delivery To Miss Q2 Target There’s a pretty good chance Tesla Inc. will deliver at least 90,000 of its electric vehicles (EVs) in the second quarter which, while short of analysts’ expectations, will still be a huge 121 percent year-over-year increase. Some analysts, however, continue to remain skeptical of Tesla’s promise to […]
United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 37 cents, or […]
Bitcoin: USD/BTC (BTC=X) Fresh 2019 Highs Bitcoin has broken yet another 2019 record, reaching as high as $11,304, before conceding a short-term period of profit taking. The move to another 2019 high comes after bitcoin’s price dropped to as low as $10,416 on June 23 before another surge of buying pressure pushed prices back above $10,750 […]
Shanghai: SSE Composite Index (.SSEC) sees mixed trading Stocks in Asia Pacific traded mixed on Monday morning, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an American surveillance drone. Mainland Chinese stocks rose in early trade, with the Shanghai composite up 0.11%, while the Shenzhen component and […]
British Pound: USD/GBP (GBP=X) rises up to key June highs The Pound-to-Dollar rate will be trading at around 1.2738 at the start of the new week, after rising 1.2% in the previous week. Studies of the charts suggest that the exchange rate is likely to continue rising over the next five days. Recently, however, the […]
Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead Major global central bankers sang a chorus of dovishness last week. Most importantly, both ECB and Fed signaled the possibility of rate cuts ahead. Comparatively, RBA’s indication of more rate cut was not much a surprise. In the background, it appeared US […]
Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields Even with U.S. investors pricing in a 100-percent chance of a rate cut at the Fed’s next meeting on July 31, the direction of the USD/JPY is likely to continue to be determined by trader reaction to Treasury yields. […]
Hong Kong: HANG SENG INDEX (.HSI) Index outperforming world’s major indexes Central banks have helped supercharge a rebound in Hong Kong stocks. The Hang Seng Index jumped 5% last week, beating all other 93 major benchmarks tracked by Bloomberg. That’s its best weekly rally since early November. The Hang Seng Enterprises Index was a close […]
Australian Dollar: USD/AUD (AUD=X) highlights this week The RBA minutes were dovish, which was not a surprise, coming after the RBA cut rates from 1.50% to 1.25%. Policymakers said that it was “more likely than not” that further policy easing would be appropriate. On the housing front, the House Price Index plunged 3.0% in Q1, […]
Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook Finally, the ASX 200 is amid a rally of its own. After a recent rate cut, commentary from RBA Governor Lowe suggests the bank is open to more. This could provide a healthy tailwind for the Index in the near-term while simultaneously contributing to the continued deterioration of the Australian Dollar. […]
Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies July silver futures bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is […]
Gold 1 OZ (XAU=X) Next Target $1,450.00 Technically, the gold bulls have the solid overall near-term technical advantage and gained still more power today. Prices are in an accelerating seven-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,450.00. Bears’ […]
Mount TAM Biotechnologies, Inc. (OTC:MNTM) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.06. The projected lower bound is: 0.01. The projected closing price is: 0.04. Candlesticks During the past 10 bars, there have been 2 white candles and […]
Boston Therapeutics, Inc. (OTC:BTHE) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.03. The projected upper bound is: 0.04. The projected lower bound is: 0.01. The projected closing price is: 0.02. Candlesticks A white […]
Scio Diamond Technology Corporation (OTC:SCIO) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.02. The projected upper bound is: 0.02. The projected lower bound is: 0.00. The projected closing price is: 0.01. Candlesticks WARNING: […]
CommerceWest Bank (OTC:CWBK) Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 21.28. The projected lower bound is: 20.40. The projected closing price is: 20.84. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 2 white candles and 4 […]
Biotricity, Inc. (OTC:BTCY) Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 0.91. The projected lower bound is: 0.64. The projected closing price is: 0.78. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles and 3 […]
United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington Oil soared more than 5% higher yesterday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating […]
Emisphere Technologies, Inc. (OTC:EMIS) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 8.62. The projected upper bound is: 11.07. The projected lower bound is: 9.28. The projected closing price is: 10.18. Candlesticks A white […]
Bitcoin: USD/BTC (BTC=X) currently climbing higher and it is likely to break the key $10,000 Bitcoin price is up more than 5% and it broke the key $9,500 and $9,700 levels against the US Dollar. BTC is likely to accelerate gains above $10,000 and $10,500 in the near term. Bitcoin Price Analysis Yesterday, we discussed […]
Powerdyne International, Inc. (OTC:PWDY) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks A big […]
Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions The gold price surged above the $1,400/oz level overnight – the first time it has broken that barrier since September 2013 – as demand for the precious metal soars on rising uncertainties. “Gold has benefited from its safe-haven […]
FluoroPharma Medical, Inc. (OTC:FPMI) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.06. The projected upper bound is: 0.10. The projected lower bound is: -0.05. The projected closing price is: 0.02. Candlesticks A white […]
Unruly social media no model for Facebook, Inc. (NASDAQ:FB) Libra currency Facebook FB.O cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday. The U.S. social media company drew worldwide interest earlier this week […]
China’s Xi Jinping told Kim Jong Un that the world wanted him to make progress in nuclear talks with the US, underscoring Beijing’s key role in negotiations ahead of his own summit with President Donald Trump. The Chinese president said during a landmark visit to Pyongyang on Thursday that he was willing to play a […]
Meggitt PLC (MGGT:L) secures multi-million dollar contract with BAE Systems for innovative generator system Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and selected energy markets, has signed a 3 year agreement with BAE Systems for an innovative generator system. Meggitt’s solution combines two existing generators […]
Nissan Motor Co., Ltd. (7201:T) Intends to grant alliance member Renault’s RENA.PA representatives seats on key committees of its board Japan’s Nissan 7201.T said on Friday it would grant alliance member Renault’s RENA.PA representatives seats on key committees of its board, ending a dispute between the two automakers. Nissan said it will give Renault Chief […]
Pental Limited (PTL:AX) biggest intraday pct gain since May 14 Shares of Pental Ltd PTL.AX rise as much as 5.3% to A$0.30, in their biggest intraday pct gain since May 14 Distributor of personal care and home products says it expects FY19 net sales revenue of A$101 mln ($69.91 mln) vs A$75.7 mln prvs year, underlying NPAT of A$3.4 […]
Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States Lynas Corp LYC.AX on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war. […]
Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month Australian businesses have seen a pick-up in activity this month with the service sector enjoying the fastest pace of growth in seven months, a survey showed on Friday. The CBA-Markit purchasing management index (PMI) for services and manufacturing climbed to 53.1 in […]
Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management Britain’s biggest investment manager has released its second blacklist of companies which are failing to address environmental concerns. Legal & General Investment Management, which manages more than £1 trillion of savers’ and pensioners’ money, assesses more than 80 of the world’s largest firms every […]
Slack (WORK:N) Stock Soars In First Day of Trading Slack, the workplace-chat app that haunts your life if you work in certain deskbound industries and is likely unknown to you if you don’t, went public on the New York Stock Exchange early Thursday afternoon. The stock — given the ticker symbol WORK, har har — […]
Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever But not all the information was released. Government says some details must remain confidential to avoid higher financing costs The government’s plan to build a new oil refinery on the Tabasco coast involves high risks of flooding and other environmental problems but […]
Australia: S&P/ASX 200 (.AXJO) expected to edge lower The Australian share market looks set to finish the week on a subdued note despite a strong night of trade over in the United States. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 5 points lower on Friday. On […]
Facebook, Inc. (NASDAQ:FB) cryptocurrency heralds the rise of the corporation-government Facebook’s cryptocurrency, officially unveiled on Tuesday, heralds the rise of the corporation-government, potentially shaping the already vast powers of the Silicon Valley giants into a borderless, unaccountable techno-oligarchy. The crystal ball is dark, and we should be afraid. Facebook’s cryptocurrency, Libra, is to be used in […]
Apple Inc. (NASDAQ:AAPL) Playing hardball Apple has reportedly asked each of its largest suppliers to evaluate the costs to shift between 15% and 30% of its production out of China to other countries in Southeast Asia, according to a report by the Nikkei Asian Review. The company made this request to Foxconn, Pegatron, Wistron, and others, as Apple […]
Alibaba Group Holding Limited (NYSE:BABA) seeing bullish betting ahead of trade talks The potential for a deal between the US and China has some people betting that Alibaba (BABA) rises sharply by the middle of September based on an options market analysis. An analysis of the charts also suggests the stock rises soon as it […]
Why Amazon.com, Inc. (NASDAQ:AMZN) doesn’t offer a ‘price match’ policy Amazon often has the lowest prices on products, but they don’t offer a low-price guarantee. The notable thing about Amazon is that their prices are constantly changing for several reasons, and often for a consumer’s benefit. As the company constantly crunches data to determine the […]
Dow Jones Industrial Average (.DJI) Rally Faces One Last Hurdle Dow Jones futures rose late Wednesday, along with S&P 500 futures and Nasdaq futures. After surging Tuesday on China trade hopes, the current stock market rally advanced Wednesday as policymakers signaled Fed rate cuts are coming. Software stocks led, as Adobe (ADBE) broke out, Shopify […]
United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2 Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The supply draw “helped ease some of the […]
Tesla, Inc. (NASDAQ:TSLA) What Can We Expect in the Upcoming Months? Despite the recent recovery displayed by Tesla’s stock, there are some bad omens which paint the company’s financial future in uncertain colors. Tesla have managed to come up with cheaper models compared to its $90,000- luxury Tesla Roadster sportscar. These models, such as the […]
Bitcoin: USD/BTC (BTC=X) may face resistance at the key Fibonacci retracement level of $9,642 Bitcoin’s (BTC) price closed on a negative note on Tuesday, snapping the longest daily winning streak in 11 months. The leading cryptocurrency by market value fell 2.87 percent yesterday, having scored 2-5 percent gains in each of the preceding six days. […]
Alphabet Inc. (NASDAQ:GOOG) none of the proposals made by activist investors at the company’s shareholder meeting were passed Google parent Alphabet Inc. faced a wave of critical proposals from activists and employees during its annual shareholder meeting Wednesday, including one to split up the internet search and ad-selling giant before regulators break it into pieces. […]
CAM RANH, Vietnam (June 20, 2019) – Australia is taking a shine to one of Vietnam’s most compelling new destinations — Cam Ranh. One of the country’s leading media — Luxury Travel Magazine — has this month called out The Anam on Long Beach as the “Best Overseas Luxury Resort” in its 2019 Gold List […]
Top 10 Best Places to Visit in July July means independence. Or, more accurately, July means watching people eat potentially concerning quantities of hot dogs and proceed to play with consumer-grade explosives whilst drinking. All of this is great fun! But it only gets you to the fourth day of the month. After that, you’ve […]
TOP GLOVE CORPORATION BHD (TPGC:KL) shares up on company’s capacity expansion news Shares of Top Glove Corporation were higher on news the biggest nitrile glove producer is expanding capacity to produce between 25 billion and 30 billion gloves annually. In a note today, Shayne Heffernan, CEO and Founder of Heffx said Top Glove was its favourite stock. “We continue to […]
Persistent buying pushed FTSE Bursa Malaysia KLCI (.KLSE) to close higher Persistent buying pushed Bursa Malaysia to close higher, led by Malaysia Airports which jumped 58 sen to RM8.51 and Tenaga which increased 28 sen to RM13.28 today. The momentum came after upbeat comments on the US-China trade talks, which will resume before the upcoming […]
Shanghai: SSE Composite Index (.SSEC) gauge may drop 10% if no deal reached at summit Chinese equities got a boost Wednesday from news that U.S.-China trade talks are back on. So this is the start of a summer surge, right? Not so fast, say market watchers. The Shanghai Composite Index could drop 10% in the […]
British Pound: USD/GBP (GBP=X) showing strength The British pound rallied significantly during the trading session on Wednesday as we awaited the Federal Reserve statement, so therefore it looks as if the market is banking on some type of diabetes when it comes to that announcement. With the markets waiting for the Federal Reserve to make […]
Euro: USD/EUR (EUR=X) Digs into Support Going along with the US Dollar’s check of a key resistance level, EURUSD has started to grind around a key support zone. This is the same zone that’s been in-play to varying degrees since last November; and this runs from Fibonacci levels at 1.1187-1.1212. The fact that the pair is holding on […]
Japanese Yen: USD/JPY (JPY=X) holds key resistance USDJPY remains of interest for bearish USD-themes. The pair has held a big zone of resistance over the past two weeks as the USD fireworks have been on full display. As strength has returned to the Dollar over the past week, USDJPY has appeared immune as price action has continued to […]
Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows AUDUSD folded down to a fresh five-month-low last week as USD-strength had come rushing back. After the resistance inflection at the .7000 big figure earlier this month, sellers have been back in control of the pair; and this can keep the door open for further short-side, particularly […]
Singapore: STI Index (.STI) rises over news of upcoming ‘extended meeting’ between Trump and Xi With news that US President Donald Trump and his Chinese counterpart Xi Jinping are set for an “extended meeting” at the G-20 summit, and dovishness from other central banks added to the mix, risk-on attitudes returned to the fore. Buoyed […]
Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains Gold prices are modestly lower in early morning U.S. trading Wednesday, on a corrective pullback from recent gains and some position-squaring by the shorter-term futures trades ahead of this afternoon’s FOMC statement. August gold futures were last down $3.60 an ounce at 1,346.90. July Comex silver prices were last […]
Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage July silver futures bears have the overall near-term technical advantage. However, prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the June high of $15.15 […]
Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point The ASX 200 came through this year’s very patchy risk appetite in style and is now back within close distance of its own record peaks. The latest boost has come from suspicions that the European Central Bank could soon bolster the global atmosphere of looser monetary policy, and from hopes […]
Trump-Xi meeting news helps lift Hong Kong: HANG SENG INDEX (.HSI) Judging from recent trading sessions, most investors seem sold into thinking that rate cuts by the US Federal Reserve are a certainty. With news that US President Donald Trump and his Chinese counterpart Xi Jinping are set for an “extended meeting” at the G-20 […]
Dow Jones Industrial Average (.DJI) highest levels in about six weeks ahead of a key Federal Reserve decision The Dow and S&P 500 on Tuesday finished at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart […]
Alibaba Group Holding Limited (NYSE:BABA) optimism may be misguided Alibaba Group Holding Ltd (NYSE: BABA) shares have held up relatively well up to this point in 2019 considering the beating other Chinese stocks have taken as the trade war between the U.S. and China has ramped up. Alibaba’s stock jumped 4% on Tuesday, but some […]
Amazon.com, Inc. (NASDAQ:AMZN) to lease 15 more Boeing 737-800s through GECAS Amazon.com Inc. AMZN, +0.81% said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. BA, +5.37% through a partnership with General Electric Co.’s GE, +3.68% GE Capital Aviation Services (GECAS). The 15 aircraft will be in addition to the five Boeing […]
Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones Apple AAPL is most likely to bring 5G to iPhones in 2020, per a latest report by analyst Ming-Cho Kuo, cited by TechCrunch and MacRumors. The latest report from this acclaimed analyst further supports rumors of Apple’s iPhone line-up missing out on 5G this year. The analyst believes […]