Facebook, Inc. (NASDAQ:FB) Heffx Trading Outlook Buy-ranked Facebook ‘s shares have gained +27.7% year to date, outperforming the S&P 500’s increase of +12.6% during the same period. The Zacks analyst thinks Facebook will benefit from mobile ad revenues driven by robust performance of Instagram Stories and an expanding user base in 2019. Further, the company’s plan to […]
Bitcoin: USD/BTC (BTC=X) Trades Between a 7.8% Range In March 2019, Monthly Candle Close Important There is much debate between crypto bears and bulls alike, on if the bottom of the current bear market is in. After falling from its all-time high of $20,000, Bitcoin ping-ponged between lowering overhead resistance, and seemingly unbreakable support at roughly […]
Australian Dollar: USD/AUD (AUD=X) plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar The Australian Dollar is trading slightly higher on Thursday after plunging the previous session in reaction to the steep sell-off in the New Zealand Dollar. Sellers hit the Kiwi hard after the Reserve Bank of New […]
Take Advantage of the Fundamental Gap in Amazon.com, Inc. (NASDAQ:AMZN) Stock When you’re a small company, particularly an upstart tech firm, the law of small numbers works in your favor. If you’re only making $1 million in annual revenue, another million would represent 100% sales growth. That’s one of the reasons why penny stocks are […]
Tesla, Inc. (NASDAQ:TSLA) Stores & Sales Tesla CEO Elon Musk sent his second email to employees in a month to clear up confusion around its store closures, according to a copy of the memo viewed by CNBC. The email says Tesla stores with high foot traffic and sales will remain open. It also says Tesla will […]
Apple Inc. (NASDAQ:AAPL) Event Missed Near Term Expectations Broadly speaking, Wall Street expected more out of Apple’s big event. Specifically, analysts and investors wanted more details and tangible information with respect to Apple’s Services road-map, and wanted new products to launch soon. Why? Because they wanted to point to reasons why Apple will top estimates […]
Apple poses an additional threat to Netflix, Inc. (NASDAQ:NFLX) stock Bad news for Netflix (NASDAQ:NFLX) yesterday: Apple (NASDAQ:AAPL) announced the competing Apple TV+ service at its spring event. Apple’s entry into the streaming business poses a clear threat to Netflix stock. Not only will Apple develop competing programming, it will also exclude Netflix from its […]
United States Oil (USO) fell after widely watched data showed a surprising increase in U.S. stocks Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. International Brent crude oil futures were at $67.63 a barrel at 0045 GMT, down 20 cents, […]
Dow Jones Industrial Average (.DJI) mixed economic data have made it more difficult to gauge the trajectory of the U.S. economy The Dow Jones Industrial Average traded within a 353-point range on Wednesday, reflecting a tepid pre-market for U.S. stock futures. The blue-chip index settled down 32.14, or 0.1%, at 25,625.59. Walmart Inc. (WMT) and Chevron Corp […]
Alphabet Inc. (NASDAQ:GOOG) announced a new external ethics council which will examine its development of AI Google has set up a new external ethics council to oversee its development of AI, but one of its members has been criticized for her anti-trans and anti-immigrant views. Google’s VP of Global Affairs Kent Walker announced the new […]
NASDAQ Composite (.IXIC) yields drop with focus on growth, central banks A gauge of world stocks fell on Wednesday amid new signs of concern for the global economy, while benchmark U.S. Treasury yields sank to fresh 15-month lows and German bond yields fell further below zero. China’s industrial firms posted their worst slump in profits […]
Euro: USD/EUR (EUR=X) ECB President Mario Draghi had warned of sustained downside risk for the global economy The EUR/USD experienced a minor correction on the early hours of the Thursday trading session following an escalation in the US Dollar Index. The index had soared on the grounds of an increasing dovish outlook of the major world banks. […]
Citi resuming coverage of The Boeing Company (NYSE:BA) as buy Citi said if the company manages to fix the 737 Max within months Boeing shares could return to $400 or higher. “A lot has happened since our research restriction went into place in July 2018. Obviously, the near-term narrative is focused on getting the MAX […]
Singapore: STI Index (.STI) investors remained unnerved about the global economic outlook Asian markets were mixed in early trading Wednesday as investors remained unnerved about the global economic outlook. U.S. Treasury yields saw little change Tuesday as the bond rally paused, while new data Wednesday showed China’s industrial profits dropped sharply in the first two […]
Japanese Yen: USD/JPY (JPY=X) yen dips, consumer data ahead USD/JPY has edged higher on Wednesday. In the North American session, the pair is trading at 110.32, down 0.28% on the day. On the release front, there are no Japanese indicators. In the U.S., the trade deficit narrowed to $51.1 billion, better than expected. On Thursday, […]
British Pound: USD/GBP (GBP=X) continues to show little movement this week GBP/USD continues to drift this week. In Wednesday’s North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast of 5 points. There […]
Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10 Technically, April gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]
Australian Dollar: USD/AUD (AUD=X) plenty of support at the 0.70 level The Australian dollar rolled over just a bit during the beginning of the Wednesday session, breaking through the 50 day EMA. Looking at the Australian dollar, we can see that there is plenty of support at the 0.70 level, an area that continues to be […]
Silver 1 OZ 999 NY (XAG=X) solid technical resistance at $16.00 May silver futures prices closed nearer the session low on some more profit taking from recent gains. The silver 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 […]
Australia: S&P/ASX 200 (.AXJO) expected to open slightly higher The ASX is set to open slightly higher but the slide in world sharemarkets deepened. Bonds rallied after traders turned their focus to the economic outlook. The $A dropped. Treasury 10-year yields fell to the lowest since December 2017, and rates on benchmark German bunds sank further […]
Shanghai: SSE Composite Index (.SSEC) traders seek haven in consumer, health-care stocks amid weak economic data China stocks closed higher on Wednesday following two straight sessions of losses, as a rebound on Wall Street aided sentiment, while weak industrial profit data fuelled hopes for more stimulus. The blue-chip CSI300 index ended up 1.2 percent at […]
Hong Kong: HANG SENG INDEX (.HSI) Investors rushed to buy companies that are less reliant on the strength of the economy Chinese stocks rebounded after two days of losses on Wednesday, as investors took refuge in consumer and pharmaceutical companies after official data showed a slump in profits at industrial companies. The Shanghai Composite Index […]
Alphabet Inc. (NASDAQ:GOOG) is revitalizing its robotics division Today, Google’s new effort – known as Robotics at Google – is led by Vincent Vanhoucke, who served as a key player in the company’s artificial intelligence project, Google Brain. Perhaps a result of Vanhoucke background in AI, Robitics at Google will focus more on advanced software […]
Facebook, Inc. (NASDAQ:FB) still rest far below their summer 2018 highs Facebook FB shares, like Netflix NFLX and other tech giants, have bounced back in a big way in 2019 to crush the S&P 500’s larger comeback. Despite the climb, shares of FB still rest far below their summer 2018 highs and Facebook’s growth outlook […]
Dow Jones Industrial Average (.DJI) adds Dow Inc, removes DowDuPont Dow Inc will replace DowDuPont Inc in the Dow Jones Industrial Average following the chemical corporation’s breakup into three smaller companies, S&P Dow Jones Indices said on Tuesday. The rearrangement of the widely followed blue-chip index of 30 companies would happen on April 2 before […]
The Boeing Company (NYSE:BA) stock remains richly valued, despite escalating, fundamental headwinds It’s been a rough month for Boeing (NYSE:BA). stock There has been a storm of controversy surrounding the company following two very similar, fatal crashes involving Boeing’s 737 Max 8 planes. This controversy has left investors in a “sell first, ask questions later” mood when […]
United States Oil (USO) extending the previous session’s rise Oil prices crept up on Wednesday, extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. Brent was up by 17 cents, or 0.3 percent, at $68.14 by 0311 GMT, reversing earlier losses […]
Bitcoin: USD/BTC (BTC=X) Breaks Below $4,000 and is Likely to Drop Further At the time of writing, Bitcoin is trading down just over 1% at its current price of $3,970 and is down from its weekly highs of nearly $4,100. Because bulls still do not have enough buying pressure to push the crypto above the low-$4,000 region, […]
FedEx Corporation (NYSE:FDX) has been grappling with a global trade slowdown FedEx Corporation FDX has been grappling with a global trade slowdown and weakness in the European economy for a while now. The company’s third-quarter fiscal 2019 results bears testimony to this dismal scenario. It report ed lower-than-expected earnings during the fiscal third quarter. Moreover, […]
NASDAQ Composite (.IXIC) stocks ended broadly lower U.S. stocks capped a day of choppy trading with an uneven finish Monday as investors wrestled to make sense of newly pessimistic outlooks for the global economy. Traders also weighed another troubling drop in long-term bond yields, which many see as a warning sign of a possible recession. […]
Tesla, Inc. (NASDAQ:TSLA) average $335 target Analysts either love or hate Tesla. RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. Technical analyst Ari Wald is in the hate-it camp, arguing that aimless […]
Twitter, Inc. (NYSE:TWTR) bulls appear poised to take the stock to the next level Although it’s a short sample size, Twitter (NYSE: TWTR ) has been underperforming both its peers and the tech sector so far this year. While Twitter stock is up 14.9%, it’s lagging both Facebook (NASDAQ: FB ) and Snap (NYSE: SNAP […]
Apple Inc. (NASDAQ:AAPL) Judge recommends partial iphone ban Judge McNamara reportedly found that the company infringed on Qualcomm patents, and it remains unclear whether the recommendation of the judge will be materialized in the near-term, as it has to be approved by the commission. The statement issued by Judge McNamara to the United States International Trade Commission […]
Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high Gold remain under pressure Tuesday even as the U.S. housing sector continues to drag on economic growth. The Commerce Department’s latest report showed that U.S. housing starts fell 8.7% in to a seasonally adjusted annual rate of 1.162 million units in February. […]
Singapore: STI Index (.STI) Bulls Are Back Singaporean stocks closed higher on Tuesday, with the benchmark Straits Times Index (STI) going up 0.55 percent, or 17.36 points, to close at 3,200.28. A total of 1.05 billion shares changed hands with a turnover of 1 billion Singapore dollars (about 740.29 million U.S. dollars). Gainers outnumbered losers […]
Australia: S&P/ASX 200 (.AXJO) economists and central bankers attempted to downplay the significance of a bond yields The Australian sharemarket managed a tentative bounce today as bulls, economists and central bankers attempted to downplay the significance of a bond yields “inverting” across developed economies and $US10 trillion of bonds trading at negative yields. The S&P-ASX […]
Australian Dollar: USD/AUD (AUD=X) 0.70 level underneath offering significant support The Australian dollar has rallied slightly during the trading session on Tuesday as we are now above the 50 day EMA. However, we have broken above that EMA more than once so I don’t think of this as a major event. This simply shows that we […]
Silver 1 OZ 999 NY (XAG=X) Profit Taking Gold and silver prices are lower in early U.S. trading Tuesday, on normal downside corrections following recent gains that pushed prices to multi-week highs recently. Some profit-taking from the shorter-term futures traders is also featured today. April gold futures were last down $9.60 an ounce at $1,313.00. May Comex silver was last down $0.132 […]
British Pound: USD/GBP (GBP=X) Ticks Higher Ahead of Brexit Indicative Votes and US House Data Despite persistent concerns that a no-deal Brexit is possible if no Brexit solution is reached in the coming weeks, the British Pound to US Dollar exchange rate edged higher today. Hopes for a solution to be reached kept Sterling buoyed […]
Japanese Yen: USD/JPY (JPY=X) Volatility continues After a listless start to the week, USD/JPY has posted considerable gains on Tuesday. In Tuesday’s North American session, the pair is trading at 110.56, up 0.54% on the day. In the U.S., economic data disappointed. Building permits slowed to 1.30 million, shy of the estimate of 1.32 million. […]
Shanghai: SSE Composite Index (.SSEC) Next round of U.S.-China trade talks this week Chinese shares fell on Tuesday, extending the previous session’s sharp losses as investors remained concerned over the outlook for global growth and the next round of China-U.S. trade talks. At the close, the Shanghai Composite index was down 1.51 percent at 2,997.10 […]
New Zealand Dollar: NZD/USD (NZD=X) weighed down early in the session by steep falls in Asian stocks The Australian and New Zealand Dollars rebounded after early session weakness on Monday to close higher for the session. The rally was fueled by another steep drop in U.S. Treasury yields. The yield on the benchmark 10-year Treasury […]
Hong Kong: HANG SENG INDEX (.HSI) slowdown concerns linger Hong Kong stocks edged up soon after the open on Tuesday after suffering hefty losses the previous day but investors remain cautious owing to concerns about the global economy. The Hang Seng Index rose 0.54 per cent, or 154.41 points, to 28,677.76. The benchmark Shanghai Composite […]
Euro: USD/EUR (EUR=X) likely to be determined by trader reaction The Euro is trading nearly flat on Tuesday as investors await fresh news about Brexit and a slew of U.S. economic data. Traders are also saying that the single-currency is being supported by economic surveys showing tentative signs of recovery in the Euro Zone economy […]
A 2.3 percent jump in global energy demand last year outstripped the expansion of renewables and helped drive record-high greenhouse gas emissions, the International Energy Agency (IEA) said Tuesday. Fossil fuels satisfied nearly 70 percent of that growth for the second year running, with natural gas accounting for 45 percent of the rise in energy […]
Bitcoin: USD/BTC (BTC=X) Drops Below $4,000 as Key Resistance Level Holds At the time of writing, Bitcoin is trading down 1.5% at its current price of $3,960 and just recently dropped below its key support level that had been previously established at approximately $4,000. Over the past week, Bitcoin has been coiling tightly within approximately $4,000 and $4,050 before […]
Twitter, Inc. (NYSE:TWTR) stock has more than 15% upside potential Last week ended on a sour note for stock prices. The rally in bonds that the U.S. Federal Reserve started with their uber dovish statement took its toll on the indices. It’s typical that stocks and bonds move inversely to each other. Among the wreckage […]
Wall Street increasingly bearish on Tesla, Inc. (NASDAQ:TSLA) Model 3 first-quarter deliveries Tesla Inc. got another bearish signal on Monday, with a second analyst in recent days dialing down price targets and casting doubts on the company’s hopes for deliveries of the Model 3. Analysts at RBC Capital, led by Joseph Spak, cut their price […]
United States Oil (USO) lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela Oil prices edged up on Tuesday, lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, but signs of a sharp economic slowdown and potentially even a recession kept […]
Dow Jones Industrial Average (.DJI) closely-watched yield curve inverted for the first time in 12 years Stocks experienced a brutal selloff Friday after a closely-watched yield curve inverted for the first time in 12 years, sending a strong signal that the U.S. economy was heading toward recession. As Hacked reported Friday, the spread between the 3-month Treasury […]
Amazon.com, Inc. (NASDAQ:AMZN) stock is still growing and looking for new ventures to put its name on All right, so Amazon hasn’t exactly been blazing any trails in the first quarter of 2019’s contest — it currently sits in fourth place, in fact. But take heart, because A. there are still three quarters to go […]
Alphabet Inc. (NASDAQ:GOOG) expanding footprint in the online payment industry on the back of partnerships Alphabet’s division, Google is expanding footprint in the online payment industry on the back of partnerships, which is evident from its latest move. The company teamed up with eBay to offer the online payment app called Google Pay as one […]
Netflix, Inc. (NASDAQ:NFLX) stock rallies Shares of Netflix Inc. NFLX, +1.45% rallied 1.3% toward fresh intraday highs in afternoon trade Monday, reversing earlier losses, after Apple Inc. AAPL, -0.03% announced its rival new Apple TV+ service. The new service will include original programming, and offer suggestions for shows and movies from over 150 streaming apps, […]
NASDAQ Composite (.IXIC) lingering fears on global growth The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service. Indexes moved between negative and positive territory throughout the session, with […]
The Boeing Company (NYSE:BA) Stock Remains a Strong Buy Boeing BA shares had been on a bit of a decline before the deadly Ethiopian Airlines crash involving the aerospace power’s 737 MAX aircraft. Despite the deadly incident and the current investigation into the cause of the Ethiopian crash, Boeing stock remains a strong buy and its shares popped over […]
Apple Inc. (NASDAQ:AAPL) stock could get a serious lift from its Services business It will be a very interesting next few years for Apple (NASDAQ:AAPL) as the company continues to pivot its business model. We’ve seen a more than 40% haircut in Apple stock from its fourth-quarter highs to its lows. That’s an extreme fluctuation for any […]
After a dramatic vote in the British parliament on Monday, MPs are now set to hold a series of votes later this week on different Brexit options. Three years after Britain voted to leave the European Union, MPs appear no closer to agreeing on how — or even whether — their country should do so. […]
Donald Trump’s inner circle Monday piled in on the US news media, which was plunged into soul-searching over coverage of a two-year probe that failed to show collusion between the president’s 2016 campaign and Russia. With America’s political landscape reset by the bombshell findings, some continued to defend aggressive reporting of a story still unfolding […]
Australian Dollar: USD/AUD (AUD=X) market looks set to continue to rally The Australian dollar has initially pulled back on Monday but found enough buying pressure underneath the turn things around and rally significantly. By doing so, the market looks as if it continues to see the same attitude overall, simply buying dips as they occur. That […]
Singapore: STI Index (.STI) inflation data lift odds of April pause by MAS Singapore consumer prices rose less than expected in February, giving the central bank more room to align itself with its regional peers and stand pat when it reviews monetary policy next month. According to the Department of Statistics, the consumer price index […]
British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness After dropping sharply to 1.3004 last Thursday (21 Mar), GBP staged a surprisingly robust rebound and hit a high of 1.3224 on Friday. The high was just a few pips below our 1.3230 ‘key resistance’. While the ‘key resistance’ is still intact, the price action […]
Hong Kong: HANG SENG INDEX (.HSI) investors fled equities on growing fears about a U.S. recession Hong Kong stocks posted their worst day in nearly three months on Monday, tracking a global selloff, as investors fled equities on growing fears about a U.S. recession, and on caution ahead of fresh U.S.-China trade talks. The Hang […]
Silver 1 OZ 999 NY (XAG=X) forecasts include a low of $12.25 and a high of $20 Silver price predicted to increase by over 4 percent in 2019 to average $16.28 an ounce. The range of forecasts include a low of $12.25 and a high of $20 for the metal. Platinum is also predicted to […]
Australia: S&P/ASX 200 (.AXJO) investors fretted that the moves in the bond market signalled another brake on profits A record low for the Australian 10-year government bond yield prompted a sharp sell-off in Australian bank shares as investors fretted that the moves in the bond market signalled another brake on profits. Financials were the worst-performing sector in […]
Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown Gold prices are up as weak economic data from the euro zone exacerbates fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months. Spot gold climbed about […]
Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted The euro gained on Monday as a stronger-than-forecast German business confidence survey allayed some fears about a recession and pulled the safe-haven yen from a six-week high against the dollar. Financial markets around the globe were roiled on Friday, stemming from anxiety about an economic downturn after […]
Euro: USD/EUR (EUR=X) is likely to trade sideways While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as […]
The Boeing Company (NYSE:BA) 737 Max Down For Another Month? American Airlines cancelled flights related to the Boeing 737 MAX through April 24. That’s roughly 90 American Airlines flights per day. That suggests that the U.S. won’t clear the 737 Max for at least another months. U.S. air safety regulators tentatively approved Boeing 737 Max software and […]
Dow Jones Industrial Average (.DJI) Futures Reverse Lower Dow Jones futures reversed lower Sunday night, along with S&P 500 futures and Nasdaq futures, signaling no rebound after global growth fears slammed the current stock market rally Friday. Special Counsel Robert Mueller found no Trump collusion with Russia to influence the 2016 presidential campaign. China trade […]
Tesla, Inc. (NASDAQ:TSLA) prices continue to bounce up and down; hike will take effect midnight April 1 Prices on all Tesla Inc. inventory cars will rise by about 3% on April 1, Chief Executive Elon Musk said Sunday. In a series of tweets, Musk said the price hike will take effect at midnight, April 1 […]
Alphabet Inc. (NASDAQ:GOOG) Regulatory risk is rising Of course, many would argue that the push to crack down on tech is an example of punishing success. Big doesn’t have to be bad. And these tech giants were built on American ingenuity.Nonetheless, Wall Street is starting to grow worried about a looming tech crackdown. Facebook,mired in […]
NASDAQ Composite (.IXIC) market will continue to experience up-and-down swings Investors were certainly paying attention Friday. The Dow plunged 460 points, or 1.8%, to close at 25,502.32 Friday, while the S&P 500 index lost 1.9%. The tech-heavy Nasdaq Composite Index saw an even bigger decline, losing 2.5%. Indeed, the market will continue to experience up-and-down swings. […]
Bitcoin: USD/BTC (BTC=X) Risk of Break Grows Recently, bitcoin price rebounded nicely after trading as low as $3,872 against the US Dollar. The BTC/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and […]
United States Oil (USO) prices dropped by almost 1 percent Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, […]
Facebook, Inc. (NASDAQ:FB) is losing more of its top leaders this year It’s no secret that Facebook (NASDAQ: FB) had a rough 2018, defined by a series of data and privacy scandals. During the year, the social media giant lost 10 of its top executives. Some of the more high-profile exits included Instagram co-founders Kevin Systrom and […]
Apple Inc. (NASDAQ:AAPL) anticipated to unveil two new offerings This week, Apple (AAPL) is expected to continue its campaign to try and convince investors that its future is in services rather than hardware. The tech giant is widely anticipated to unveil two new offerings at its Monday special event: a video streaming service and news […]
Dow Jones Industrial Average (.DJI) Signal Triple-Digit Plunge Dow Jones Industrial Average futures had pared earlier losses but still lost 90 points or 0.35 percent, implying an opening bell plunge of 137.67 points. S&P 500 futures lost 9.5 points or 0.34 percent, and Nasdaq futures shed 29.25 points or 0.39 percent as the US stock […]
Facebook, Inc. (NASDAQ:FB) found that the passwords were stored in a readable format Facebook Inc. disclosed a flaw on its social network that made passwords of hundreds of millions of users visible to employees and said the issue has now been fixed. During a security review in January, Facebook found that the passwords were stored […]
United States Oil (USO) as economic growth concerns weighed on sentiment Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela. Brent crude oil futures were at $67.72 per barrel at 0419 GMT, down […]
Bitcoin: USD/BTC (BTC=X) dominance slips despite price gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This figure represents the lowest market dominance since mid-August 2018. Data shows that Bitcoin’s share of the total cryptocurrency market capitalization has been sliding downwards since the latter part of January 2019. The drop in market […]
The Boeing Company (NYSE:BA) a buy? Aerospace-Defense Aerospace and Defense are far from mature with innovation being the bedrock for this industry. I see only growth for those companies leading in this space. Over the past year, this industry’s equity prices have been up and down ending up close to flat for the year. I […]
NASDAQ Composite (.IXIC) Tech Sector Strength Sparks Rally The Dow bounced back after Wednesday’s Fed-inspired drubbing , surging more than 200 points as Apple (AAPL ) stock extended its red-hot price action. Tech sector strength was underscored by a positive earnings reaction for Micron ( MU ), which helped boost blue-chip semiconductor stock Intel ( INTC ) nearly 2% higher on the day. Against this backdrop, […]
Apple Inc. (NASDAQ:AAPL) stock surpasses its 200 day moving average This was the first time Apple shares surpassed the 200-day moving average since Nov. 16 on an intraday trading basis. Apple’s stock is up more than 23 percent this quarter, on pace for its best quarter of trading since the first quarter of 2017. Additionally, […]
Tesla, Inc. (NASDAQ:TSLA) owners can again benefit when they refer friends to buy the electric cars Tesla Inc. relaunched its customer-referral program Thursday night, offering new rewards for purchases. In a blog post, Tesla TSLA, +0.15% said both the referrer and the buyer will get 1,000 miles of free Supercharging per purchase, and be entered […]
Amazon.com, Inc. (NASDAQ:AMZN) house brand Belei joins rivals such as Kylie Cosmetics and Glossier Amazon.com Inc. is making a play for the beauty category with a new line of skin-care products at a time when digitally-native brands are driving sales across the sector. Amazon’s AMZN, +1.22% Belei features a dozen items including a charcoal balancing […]
Shanghai: SSE Composite Index (.SSEC) stocks end higher on dovish Fed stance Shanghai stocks edged higher on Thursday, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting. The blue-chip CSI300 index was unchanged at 3,836.89 points, while the Shanghai Composite Index closed up 0.3 percent at 3,101.46 points. In comments […]
Japanese Yen: USD/JPY (JPY=X) softness in the greenback The US dollar has pulled back a bit during the trading session again on Thursday, reaching towards the ¥110 level, an area that is major support. The moving averages above of course cause some noise in general, right around the ¥111 level. Ultimately, the market should continue to […]
British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk Comments from French President Emmanuel Macron prompted the Pound Sterling to US Dollar (GBP/USD) exchange rate to lose further ground this afternoon. As Macron warned that the UK could see a no-deal Brexit if MPs reject Theresa May’s deal once again Pound Sterling […]
Australia: S&P/ASX 200 (.AXJO) back in black The Australian share market had another volatile day of trade, temporarily starting in the black and continuing to fall throughout the session, until after 3.30pm, when the local bourse galloped back to the black. It comes as the mining sector started to strengthen, as concerns began to ease […]
Silver 1 OZ 999 NY (XAG=X) bulls were fueled by a dovish stance taken by the U.S. Federal Reserve Gold and silver prices are modestly up at midday Thursday, but well down from their daily highs that saw three-week highs in earlier U.S. trading. The precious metals bulls were fueled by a surprisingly dovish stance taken by the […]
Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445 The Euro rally is now testing yearly open / slope resistance and leaves the immediate recovery vulnerable while below 1.1445. From a trading standpoint, we’re looking for signs of support while above 1.1232. If price has indeed turned a corner. That said, a break below […]
New Zealand Dollar: NZD/USD (NZD=X) to strengthen further We have held the same view since last Tuesday (12 Mar, spot at 0.6835) wherein we expected NZD to trade sideways within a 0.6750/0.6885 range. Over the past couple of days, we warned that “the prospect for a break of 0.6885 first appears to be higher but […]
Hong Kong: HANG SENG INDEX (.HSI) investors welcomed dovish comments from the Federal Reserve Hong Kong stocks kicked off on Thursday with gains as investors welcomed dovish comments from the Federal Reserve and an indication that it will not lift interest rates this year. The Hang Seng Index gained 0.16 per cent, or 48.36 points, […]
Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00 Technically, April gold futures bulls have the overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,330.00. Bears’ next near-term downside price […]
Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar initially rallied during the trading session on Thursday, showing signs of bullish pressure. However, we still have a lot of drama when it comes to the US/China situation, and therefore it’s likely that this pair will struggle as the Australian dollar will continue to be […]
Alphabet Inc. (NASDAQ:GOOG) hit with a $1.7 billion antitrust fine for harming competition in online advertising The European Union on Wednesday hit Google-parent Alphabet (GOOGL) with a $1.7 billion antitrust fine for harming competition in online advertising, marking the third penalty issued against the internet giant by the EU. Google stock climbed despite the latest EU […]
Facebook, Inc. (NASDAQ:FB) contending with a growing array of bi-partisan criticism Facebook Inc. is contending with a growing array of bi-partisan criticism and fresh regulatory issues which may pose increasing risk to its unique advertising-revenue-based business model, analysts say. In recent days, President Trump tweeted that the company is “sooo on the side of the […]
E-commerce juggernaut Amazon.com, Inc. (NASDAQ:AMZN) just keeps on rolling Amazon.com (NASDAQ:AMZN) stock has garnered a fair number of headlines lately, as usual. But this time around some of those headlines were a bit surprising. The most interesting was Democratic presidential hopeful Senator Elizabeth Warren suggesting that the big tech firms — Google (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) […]
United States Oil (USO) spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts US oil prices have spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts. Crude’s recovery from last year’s bear market hit another milestone on Wednesday. Oil topped $60 a barrel for the first time since November 9. The […]
Dow Jones Industrial Average (.DJI) closed lower after the Federal Reserve’s latest monetary-policy announcement The Dow Jones Industrial Average and S&P 500 closed lower on Wednesday after the Federal Reserve’s latest monetary-policy announcement dragged Treasury yields lower, pushing bank shares down. Goldman Sachs led the 30-stock Dow to end the day down 141.71 points at […]