Sohu.com Limited (NASDAQ:SOHU) Upgrades to its AI-Driven Multilingual Mobile Keyboard Sogou Inc. (NYSE: SOGO) (“Sogou” or “the Company”), an innovator in search and a leader in China’s internet industry, released its Sogou Mobile Keyboard 10.8, the latest version of the Sogou Mobile Keyboard. Powered by Sogou’s leading AI technologies, the latest upgrade features new multilingual […]
Trivago N.V. (NASDAQ:TRVG)Giving Partners a Break Faced with a drop of more than 95 percent in referral revenue in the last week of the first quarter, Trivago informed investors that it has started to “make changes to our organizational setup,” including “significant” headcount reductions. Other than chopping jobs, and reducing costs, Trivago didn’t specify what organizational […]
PT Kalbe Farma Tbk. (OTC:PTKFF) Growing in the midst of challenging Market Conditions PT Kalbe Farma Tbk. (“Kalbe”) was established in 1966 and is one of the largest publicly-listed pharmaceutical companies in Southeast Asia. Kalbe has four main divisions managing a broad and strong portfolio of brands; prescription pharmaceuticals division (Cefspan, Brainact, Broadced, etc), consumer […]
Dow Jones Industrial Average Target 13500 August September 32000 in 2021 U.S. stocks were indicated to start higher on Tuesday, as futures added to gains Monday night, after a last-hour turnaround from energy and technology shares allowed the major benchmarks to finish in positive territory after spending much of the day’s session in the red. […]
Tesla, Inc. (NASDAQ:TSLA) bids to become an energy provider in the United Kingdom California-based car manufacturer Tesla is taking initial steps to become an energy provider in the United Kingdom, The Telegraph reports. The publication notes that Elon Musk’s electric car company has applied to UK’s energy regulator for a license to generate electricity. “Having built a significant battery business in […]
Japanese Yen: USD/JPY (JPY=X) Buy at 105.20 USD/JPY has opened the week’s trade on a bearish note as risk-off amid fresh US-China trade woes weighs. The major was trading 0.14% lower on the day at 106.73 at around 05:15 GMT after closing 0.23% lower on Friday’s trade. US diplomats allege China for the mishandling of […]
Australian Dollar: USD/AUD (AUD=X) set to edge lower The Australian dollar significantly rallied a bit during the week, breaking above the 0.65 level before selling off towards the end of the same week. Ultimately, this is a market that I think could continue to see a lot of noise, especially in this area as it is a […]
Gold ETFs saw the highest quarterly inflows for four years amid global uncertainty and financial market volatility. Holdings of these products reached a record high of 3,185t by the end of Q1. These investment inflows helped push the US dollar gold price to an eight-year high. Consequently, global gold demand in value terms reached US$55bn – the […]
Some Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are some questions and answers about strategic reserves and the region’s oil supplies: – What are strategic oil reserves and why do countries need them? – Strategic reserves are stockpiles of oil […]
Hard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday. The company, based in Omaha, Nebraska, called the setback “temporary” but said it could not reliably predict when its many businesses would return to normal or […]
Here is a list of things I think we should be demanding from our Governments after the Coronavirus. 1 Decriminalize Cash If Governments do have the power to lock us down, imagine what would happen if you are in that situation and your bank collapses, or the Government wants to restrict your financial transaction. This […]
Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown. Though the country has so far been spared the death toll of other European nations at fewer than 150 fatalities from COVID-19, it will not […]
The coronavirus pandemic caused manufacturing activity in the United States to post a historic decline in April, according to an industry survey Friday, and it may stay depressed for some time. The plunge in the Institute for Supply Management’s (ISM) manufacturing survey was not unexpected and actually slightly less severe than economists had anticipated, as […]
London and New York stocks sank on Friday after US President Donald Trump lashed out at China over the coronavirus crisis, bringing back bad memories of a damaging standoff between both countries over trade. The eurozone’s key equity markets were shut for a public holiday as were several exchanges in Asia. Investor nerves were tested […]
Imagine for a moment, a candidate so bad, Donald Trump can take the moral high ground, meet Joe Biden. Ahead of Joe Biden Vs Donald Trump 2020, women are speaking out about their personal interactions with him ( we have not heard from the kids yet) — alleging Sexy Joe physically touched them in many […]
Gold 1 OZ (XAU=X) Not Even Close to Full Picture Gold, one of the few commodities to have performed well, so far, this year, is showing signs of exhaustion amid lack of fresh triggers. If we look at spot gold, it has moved in a narrow range (high-low gap) of about $20 in last few […]
Silver 1 OZ 999 NY (XAG=X) Can Shine All things “risk on” have rallied during the trading session on Wednesday, as there is hope that a drug coming out of Gilead will work against the coronavirus. That being said, the idea is that everything is going to be some again, and the economy is going to turn […]
We issue a BUY recommendation on JD.com. (JD.O) based on a one-year target price of $60.00, offering a 38.12% upside potential from its closing price of $43.44 on April, 30th, 2020. Our recommendation is primarily driven by: Macroeconomic Outlook – The macro outlook for Chinese e-commerce giant JD.com (NASDAQ:JD) is actually quite strong. While the […]
U.K. Prime Minister Boris Johnson has returned to work at Downing Street, three weeks after being admitted to hospital with coronavirus. Boris Johnson has led the nation in a minute’s silence to pay tribute to the key workers who have died in the fight against the coronavirus. The prime minister, who has returned to work after his own battle with COVID-19, […]
What does a post-COVID-19 economy look like? Based on the response we have seen to the crisis so far, some things are already becoming clear. The number of new COVID-19 infections seems to have peaked globally. While testing is quite uneven, this does offer the prospect the apex of the crisis is passing. More attention must be given to the nature […]
A Shock Like No Other: The Impact of COVID-19 on the Oil Markets The outbreak of COVID-19 has been accompanied by widespread declines in global commodity prices. The pandemic represents a unique shock that has a major impact on both the demand and supply of commodities. Oil markets have been most affected, given the collapse […]
Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices The CAD is modestly firmer versus the USD but gains remain light relative to the AUD and NZD on the day—AUDCAD is trading at its highest levelsince the start of the year. We are bullish on the cross and look […]
Dow Jones Industrial Average (.DJI) in Focus The U.S. stock indexes are at a crossroads. The Dow Jones index (DJIA) seems to be the best picture of the current stock market situation. The key price of DJIA is 23775, and it is important whether the index falls below this line. If the index rebound strongly […]
United States Oil (USO) – Trump has tasked Mnuchin with developing a plan to revive the industry U.S. Treasury Secretary Steven Mnuchin weighed in on how he may work to rescue the energy industry hammered by the fallout from the coronavirus, which may include the government taking stakes in certain companies. Ticker Security Last Change Change % USO […]
Ethereum: USD/ETH (ETH=) notches higher highs Just hours ago as of the time of this article’s writing, Ethereum traded as high as $200, which meant that it had gained more than 120% from the lows of March. This has been a stunning rally that has convinced many investors to flip bullish on the leading altcoin. […]
Bitcoin: USD/BTC (BTC=X) Approaching Key Resistance Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has […]
Gold price high but miners say limited by COVID-19 Gold posted a two-sided trade last week before finishing higher. Selling pressure early in the week drove the market through the previous week’s low, but the comeback rally later in the week placed the market slightly below its seven year high at $1788.80. Short-term, the gold […]
Silver 1 OZ 999 NY (XAG=X) start week on front foot amid risk-on mood Three-month base metals prices on the London Metal Exchange were stronger across the board with prices up by an average of 1.7% as at 5.55am London time. Tin led the advance with a 3% rise to $15,350 per tonne, while aluminium […]
Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns Australian shares are set to open higher as markets calmed after a wild week. ASX futures were up 82 points or 1.6 per cent to 5298. The Australian dollar was up 0.2 per cent to 63.85 US cents. Shayne Heffernan Trade Idea March […]
Cisco Systems, Inc. (NASDAQ:CSCO) – Smart Cities Bring Big Money Smart city tech will grow exponentially in the next few years, driven by advances in information and communications technology, including IoT sensors and analytics platforms. The smart city market is one of the fastest growing segments of government and is set to hit $775 billion […]
Gold 1 OZ (XAU=X) Investors Aiming for Gold Gold edged lower on Thursday as investors booked profits from sharp gains in the previous session, but prices held above the $1,700 an ounce level on the promise of more U.S. stimulus measures to ease the economic blow from the coronavirus crisis. Shayne Heffernan Trade Idea “As […]
Silver 1 OZ 999 NY (XAG=X) Buy at First Support Shayne Heffernan Trade Idea “The silver market is small so it doesn’t take a lot of money to really push prices higher.” Shayne Heffernan PhD in Economics Why This Matters Rising demand for silver from investors will offset sharp falls in consumption by jewellers and […]
Dow Jones Industrial Average (.DJI) another turbulent day on Wall Street It was another turbulent day on Wall Street as rapidly falling oil prices weighed on the stock market. Investors appeared to be moving to shed risk from their portfolios. Futures on West Texas Intermediate crude oil for June delivery plunged 43.4% to $11.57 a […]
Wall Street knows a thing or two about hoaxes and fraud. It’s worth remembering that financial markets have been dealing with hoaxes, frauds and fake news for a long time. The wrong response can be costly. Back in the bad old days, faxes and message boards were used to defraud investors.” Fake news creates confusion; […]
Singapore: STI Index (.STI) remains weak as it tests 2018 low At times of sharp declines, important lows provide support. The STI has moved below the Oct 2018 low of 2,972 and is testing the intra-day Oct 2018 low of 2,961. Short-term stochastics is at the low end of its range but it maybe another […]
Hong Kong: HANG SENG INDEX (.HSI) stock market is part bear, part bull, posing challenges to investors Hong Kong’s stock market is part bear, part bull, posing challenges to investors. China’s semiconductor stocks are showing some virus immunity.Investors should look for stocks that will thrive in the post-coronavirus world. Here are some analysts like. Five questions investors should be asking. How long […]
Australia: S&P/ASX 200 (.AXJO) Australia Optimistic The last 24 hours has featured a sea of red ink right across global market over night and Australia hasn’t avoided the carnage with the S&P/ASX 200 (ASX:XJO) plunging 2.5% or 132 points to close at 5221 points today. Shayne Heffernan Trade Idea “The bright spot is that people […]
The social network originally filed suit against the Department of Justice in October 2014 Twitter expressed disappointment at coming out on the losing end of a six-year court battle in which it sought the right to reveal surveillance requests received from the U.S. government. The social network filed its suit versus the U.S. Department of Justice in […]
Did Facebook, Inc. (NASDAQ:FB) turn Libra into another PayPal? Last year, Facebook (NASDAQ: FB) assembled a consortium of companies to create an open-source cryptocurrency called Libra. Facebook planned to offer Libra as a payment option in a digital wallet called Calibra, then integrate those payments into Messenger and WhatsApp. But shortly afterwards, leading members of the consortium — including Visa, Mastercard, […]
United States Oil (USO) – OPEC cuts fail to end the panic The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply. That double black swan has caused oil prices to […]
Bitcoin: USD/BTC (BTC=X) are abuzz over new data showing more people might be tiptoeing into the market Mass adoption has long been one of the main bullish investment theses for bitcoin. The bet is growing numbers of institutions and individuals will eventually come to understand the cryptocurrency’s virtues, from its potential use as a peer-to-peer payment […]
FTSE Bursa Malaysia KLCI (.KLSE) pares gains, tracks regional markets but CIMB shines Bursa Malaysia’s blue chips gave up most of its gains on Monday as investor sentiment turned cautious in line with key Asian markets but CIMB Group managed to prop up the FBM KLCI. Shayne Heffernan Trade Idea “We remain no change to […]
Gold 1 OZ (XAU=X) jumps as oil prices slump Gold climbed as much as 1 per cent overnight after earlier hitting a more than one-week low, with the collapse of US crude oil prices to a record low hitting risk assets and driving investors to the safety of bullion. Spot gold gained 0.5 per cent […]
Silver 1 OZ 999 NY (XAG=X) Shows No Signs Of Weakness Silver remained in a range between the 20 EMA near $15.00 and the 50 EMA at $15.60 while global markets turned red amid rapid downside move in crude oil prices. Currently, the precious metal segment is ignoring the broader sell-off which is a good sign for […]
Hong Kong: HANG SENG INDEX (.HSI) stocks firm as key Chinese rate cut again China and Hong Kong stocks firmed on Monday as a key Chinese lending rate was cut for the second time this year to shore up the coronavirus-hit economy. Shayne Heffernan Trade Idea “The ‘stay-at-home economy’ is replacing the social economy. People […]
Australia: S&P/ASX 200 (.AXJO) Extending Losses as Virgin Australia enters voluntary administration The Australian stock market is extending losses on Tuesday from the previous session following the weak cues overnight from Wall Street after crude oil futures turned negative for the first time ever. Investor sentiment was further dampened as Australia’s second biggest airline Virgin […]
Tesla, Inc. (NASDAQ:TSLA) on track for their first 10-day winning streak in history Tesla shares are at it again, rising for the ninth straight day. The stock rose 2.1% to more than $745 Thursday. The shares (ticker: TSLA) have been on a seemingly unstoppable run. They are up roughly 65% since April 2, when the […]
United States Oil (USO) – President Donald Trump pulled off an energy coup In the midst of a pandemic, President Donald Trump pulled off an energy coup: He was able to convince the second and third largest crude oil producing countries to set their bickering aside and voluntarily cut production, at least for a couple of […]
Bitcoin: USD/BTC (BTC=X) Isn’t a Safe-Haven Yet In a note published last week on April 15th, the Federal Reserve Bank of Kansas City claimed that Bitcoin is decisively not a safe haven, noting that the asset has acted more like a risk asset than digital gold. The central bank branch cited Bloomberg data, which shows that […]
Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell The Euro reversed to the upside late Friday as investors, cautiously optimistic about the results of a drug trial and President Donald Trump’s plan to reopen the economy, regained some appetite for risk and in the process took profits in the U.S. Dollar ahead of […]
Japanese Yen: USD/JPY (JPY=X) near-term bias remains neutral The Dollar/Yen finished marginally higher last week after posting an uneventful two-sided trade. The Forex pair fell to a two-week low as risk sentiment returned to the market following better-than-expected economic data from China (Trade Balance), which painted a less gloomy picture than feared following the coronavirus […]
It will be a tough for Aussie’s in the horse business for 2020 but if you are looking towards the 2022-3 Yearling sales it is great year. We have already seen some studs lower prices, broodmare prices will begin to bottom in July, the Owner/Breeder and the recreational owners will take a beating this year […]
Politics in the modern era has descended into a war of sound bites and Tweets. No longer are there deep philosophical arguments exploring ideas and direction. There is just short, sharp jabs and while they are entertaining they are not moving humanity forward. Case in point, the Coronavirus China was wrong to cover it up, […]
Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus The Australian Dollar closed lower last week, but surprisingly finished higher three out of five trading sessions. Most of last week’s loss took place in one trading session. The week started with the Australian Dollar, which is sensitive to […]
FTSE Bursa Malaysia KLCI (.KLSE) Navigating the Turbulence Bursa Malaysia extended last week’s gain to open higher today, with the composite index rising 1.19 per cent on the back of positive market sentiment following a strong performance on the Wall Street last week. The Shayne Heffernan Idea Wall Street’s stronger closing last Friday on hopes […]
Gold 1 OZ (XAU=X) demand in China continued to be in the doldrums Gold prices fell to a more than one-week low on Monday as the dollar firmed and as investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus’ spread. Shayne Heffernan Trade Idea […]
Hong Kong: HANG SENG INDEX (.HSI) shares start with gains Hong Kong stocks kicked Monday off on a positive note, boosted by hopes that coronavirus infections are beginning to plateau. The Shayne Heffernan Idea Low valuations don’t constitute a reason for buying, but extreme low ones may do. “The extremely low valuations have already implied […]
Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News The Australian share market has begun its week moderately lower. The Shayne Heffernan Idea We have several different types of policies all bundled together, and we’re going to be looking for insights as to which of these policies are working and which ones to reinforce. “The […]
The Shayne Heffernan Idea Sell in May and Go Away? Maybe As Countries reopen in May the market will rally, But, this may not be the time to buy, yes if you buy here long term you will make money but if you are looking for the trades of the decade hold your horses until […]
Tesla, Inc. (NASDAQ:TSLA) to face lawsuit over Elon Musk’s take-private tweet esla Inc. must face an investor lawsuit over Elon Musk’s notorious 2018 tweet about taking the electric car maker private. The ruling means Tesla will have to provide documents and other evidence to the plaintiffs as the case moves forward. Musk will probably have […]
Facebook, Inc. (NASDAQ:FB) will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site Facebook will soon let you know if you shared or interacted with dangerous coronavirus misinformation on the site, the latest in a string of aggressive efforts the social media giant is taking to contain an […]
United States Oil (USO) Climb on U.S. Reopening Plans Stocks pushed higher with U.S. equity futures on Friday as tentative steps toward restarting the world’s largest economy helped investors look past mixed progress on curbing the coronavirus and dismal data from China. West Texas oil slumped. Investors in risk assets are ending the week on […]
Ethereum: USD/ETH (ETH=) – What is Ethereum? A Beginner’s Guide In the cryptocurrency world, if Bitcoin is the king, then Ethereum is the queen. The price of Ethereum (ETH) has risen significantly in the past few months, and it’s one of the most promising cryptocurrencies right now. In this article, I will help you understand everything about Ethereum & you would learn […]
Bitcoin: USD/BTC (BTC=X) – What is Bitcoin? A Beginner’s Guide Bitcoin is one of those things that in the past several years has created a lot of buzz around the globe. Be it Brexit, or Donald Trump as the new US president, or India demonetizing their currency, dramatic economic events can be viewed in terms of Bitcoin. In this beginner’s […]
Shanghai: SSE Composite Index (.SSEC) dull before the data release China’s stocks advanced as traders looked past data showing the economy contracted for the first time since at least 1992. The Shanghai Composite Index was up 0.7% at 2:21 p.m. local time, with a broad range of shares climbing. The yuan traded little changed after […]
Considered the French equivalent of the Grand National, also a handicap and a very well-endowed Group 3, the Président de la République Chase is one and a half mile shorter. On the other hand, with its € 225,000 in prize money, it is one of the most coveted races in Auteuil, and also one of […]
Canadian Dollar: USD/CAD (CAD=X) higher as traders digest the disappointing U.S. retail sales data The Canadian dollar finally found some support overnight, after free-falling since Tuesday, and it had nothing to do with any domestic reasons. Canadian dollar direction, like the rest of the G-10 majors, continues to be dictated by broad U.S.-dollar sentiment. That […]
British Pound: USD/GBP (GBP=X) continues to grind lower The British pound has been extraordinarily bullish, so it seems as if traders have been ignoring the potential troubles coming out of the United Kingdom, not the least of which of course is going to be the extended lockdown. Beyond that, we need to think about Brexit […]
Euro: USD/EUR (EUR=X) at fresh weekly lows and bearish, break below 1.0800 likely A decisive positive candle got the EUR/USD rally back on track yesterday. The thin volume of the Easter trading period questioned the strength of the near term recovery. However, the bulls fought back really well yesterday in a move which is now […]
Japanese Yen: USD/JPY (JPY=X) outlook bullish for stronger gain to 118.59/61 early next week Pay attention to the stock market, because it will make quite a bit of difference as to where this market goes. Ultimately, this is a market that I think continues to see a lot of noise but clearly if we break […]
Australian Dollar: USD/AUD (AUD=X) unchanged despite weaker-than-expected China Q1 GDP Aussie remained bid despite weaker-than-expected China Q1 GDP. Renewed hopes for coronavirus treatment support the antipodeans. STAT news report that Gilead Sciences’ experimental drug ‘Remdesivir’ is seeing rapid recoveries in fever and respiratory symptoms associated with coronavirus. On the data front, China registers first GDP […]
Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in Australian shares are set to open lower as Wall Street struggled in the wake of fresh record unemployment in the US and another push from Donald Trump to reopen the economy early despite the advice of health experts. ASX futures were down 72 points […]
Hong Kong: HANG SENG INDEX (.HSI) drops as impact of virus weighs down Asia Hong Kong stocks finished down on Thursday after a negative cue from Wall Street and with investors worried about the ongoing economic impact of the coronavirus pandemic. The Hang Seng Index dropped 0.6 percent, to close at 24,006. On the mainland, […]
Silver 1 OZ 999 NY (XAG=X) to stay positive hence it’s clearly a buy on dips market Silver stays below the 50 EMA level at $15.60 following the release of U.S. Initial Jobless Claims report which showed that 5.25 million of Americans applied for unemployment benefits. Currently, it looks like the market was ready to hear the bad […]
Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies Gold futures gave up earlier gains to end lower on Thursday, pressured as the U.S. dollar strengthened in the wake of a surge in weekly U.S. jobless claims, which underlined the rapid deterioration in the economy from the COVID-19 pandemic. […]
Luxury bunkers, isolated compounds, and other high-end features for doomsday scenarios The coronavirus crisis is changing daily life around the globe in dramatic ways—and homeowners and buyers are thinking about how they might make changes, too, to their properties, to be better prepared for disaster scenarios. Survivalist prepping is nothing new for many high-net-worth individuals. […]
Tesla, Inc. (NASDAQ:TSLA) stock extends rally, up 60% in the past seven days Tesla stock rallied Tuesday as some investors bet that the Silicon Valley car maker is better equipped than most companies to weather the broadside dealt by the coronavirus pandemic. Shares of Tesla (TSLA) were poised to end at their highest in nearly six […]
Twitter, Inc. (NYSE:TWTR) Founder-CEO Jack Dorsey Made $1.40 In 2019, Even With Year Before Twitter CEO Jack Dorsey earned $1.40 in 2019, flat from the year before (but up from zero in 2017) as the billionaire founder of the social media giant rolls out donations from the $1 billion he recently committed to coronavirus relief. “At his own […]
United States Oil (USO) , gas industry sheds more than 6,000 jobs in a single day Oil and gas companies announced plans to cut more than 6,400 jobs on a grim day for the industry that saw the price of crude oil settle below $20 for the first time since 2001 and the amount of […]
Bitcoin: USD/BTC (BTC=X) Is Still 2020’s Top Asset Bitcoin has started the day out well. After falling beneath the $7,000-mark last week, the world’s number one cryptocurrency by market cap has managed to add a further $200 to its overall price. While the currency is still below $7,000, it’s about to break this line once again. Bitcoin […]
UK FTSE 100 (.FTSE) index is down 23%. Is now the time to buy shares? The FTSE 100 index has traditionally been thought to contain the UK’s safest equity investments. But year–to-date, its value has fallen 23%. The coronavirus pandemic has created an unprecedented shift in global economies, initiating major volatility in financial markets. Increase stock exposure, […]
Shanghai: SSE Composite Index (.SSEC) May Take Further Damage The China stock market headed south again on Wednesday, one day after it had ended the two-day slide in which it had retreated more than 40 points or 1.5 percent. The Shanghai Composite Index now rests just above the 2,810-point plateau and the losses may accelerate […]
The UFO video has made many believe that astronauts aboard the International Space Station are aware of alien existence A seemingly creepy video uploaded to YouTube by a conspiracy theory channel named ‘Mavi777’ is now the hottest topic of debate among conspiracy theorists and UFO enthusiasts. In the video, hundreds of unidentified flying objects (UFO) […]
British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors GBP/USD briefly rose to a fresh one-month high yesterday but has given back the gain in early trading today, ahead of the US retail sales report. The pair has been weighed by a strong dollar as the greenback has […]
Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]
Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450 The Dollar/Yen fell to a two-week low early Wednesday as risk sentiment returned to the market. On Tuesday, the selling was fueled by better-than-expected economic data from China, which painted a less gloomy picture than feared following the coronavirus outbreak there. In today’s session investors […]
Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March The AUD/USD pair declined after the Australian Bureau of Statistics (ABS) released upbeat March jobs numbers. The data showed that the country’s job market remained steady before coronavirus restrictions started. According to ABS, trend employment increased by about 17,000 people in March. Most […]
FTSE Bursa Malaysia KLCI (.KLSE) retreats on profit taking Bursa Malaysia retreated from its recent gains to open lower this morning due to profit-taking activities following Wall Street’s weak overnight performance. At 9.02 am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.49 points to 1,378.3 from 1,387.79 at Wednesday’s close. The key index opened 5.83 points easier at […]
Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 by 9:37 PM ET (2:37 AM GMT) as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be […]
Silver 1 OZ 999 NY (XAG=X) sees big pullbacks after recent bigger gains; not surprising Gold and silver futures prices are trading solidly lower in midday U.S. trading Wednesday, on normal downside corrections from recent strong gains that saw gold prices hit a 7.5-year high, at $1,788.80, on Tuesday, basis June Comex futures. Big gains in markets can […]
Hong Kong: HANG SENG INDEX (.HSI) stocks drop as IMF flags deep global recession Hang Seng index ends down 1.19% Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the International Monetary Fund outweighed a monetary stimulus from China’s central bank. ** At the close of […]
Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data Australian shares have recorded sharp early losses as global equities sour and a likely bleak unemployment figure looms. The S&P/ASX200 benchmark index was down 101.7 points, or 1.86 per cent, at 5365.0 points after 30 minutes of trade on Thursday, ahead of a widely […]
Alibaba Group Holding Limited (NYSE:BABA) in the age of COVID-19 The COVID-19 outbreak put a damper on Alibaba Group Holding Ltd.’s fast growth, and challenges are expected to continue even if China has managed to better control its coronavirus situation. The e-commerce giant warned of a “negative impact” to its business because fewer people were […]
Alphabet Inc. (NASDAQ:GOOG) wants to build a serious hardware rivalry with Apple For the past four years, Google, a company that built its kingdom on search and data, has puffed out its chest and told the world it’s now a serious hardware company. But its efforts have often been clumsy and confusing. Yet there are […]
Tesla, Inc. (NASDAQ:TSLA) Settles Zoox Lawsuit, Stock Now Rallied 70% YTD Tesla (TSLA) has now settled a lawsuit with California-based robotics company Zoox, Reuters reports. In March 2019, Tesla lawyers filed a lawsuit against four former employees and Zoox. The company claimed that these employees stole proprietary information and trade secrets for developing warehousing, logistics […]
Facebook, Inc. (NASDAQ:FB) Gains 30% In A Month Social networking giant Facebook (FB) has been trading higher after its shares touched 52-week low of $137.1 on March 18. The stock has gained nearly 30% in less than a month. FB recorded a 52-week high of $224.2 on January 29 this year. As the world is […]
United States Oil (USO) falls 5% to $28 on oversupply concerns Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns. The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand […]
Ethereum: USD/ETH (ETH=) Co-Founder Says Crypto Mining on Phones is a “Fool’s Game” italik Buterin, the co-founder of Ethereum, voiced a low opinion of the idea of cryptocurrency mining via mobile phones. Tweeting on April 13, Buterin said mining on mobile phones “is a fool’s game,” referring to the announcement by mobile phone manufacturer giant […]
Bitcoin: USD/BTC (BTC=X) Tests $7K as Spot Trading Volumes Subside to Normal Levels After weeks of elevated activity, trading volumes on spot bitcoin exchanges have subsided, boding well for some traders if not the venues themselves. Prices for bitcoin (BTC) climbed less than a percent Tuesday, retracing gains lost the day before when it hit […]
British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week The pound to dollar exchange rate scaled above the 1.2500 handle yesterday for the first time in a month. From a technical perspective, the pair looks to be signaling a bullish continuation. However, if there is one thing that stands out about recent price […]