The plunge of cryptocurrencies has forced investors to seek other safe havens in traditional commodities, like precious metals. Investing analysts have revealed that many are turning to gold exchange-traded funds (ETFs). The world’s most popular cryptocurrency, bitcoin, has been trading below $4,000 for nearly three weeks. Other major digital currencies, including Ethereum and Ripple (XRP) […]
United States Oil (USO) falls on increased U.S. rig count Oil prices fell by 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and China, the world’s second-largest oil user, reported additional signs of an economic slowdown. U.S. crude oil futures […]
Twitter, Inc. (NYSE:TWTR) Buy on Dips Overall, the bias in prices is: Upwards. The projected upper bound is: 36.39. The projected lower bound is: 29.36. The projected closing price is: 32.88. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when […]
Facebook, Inc. (NASDAQ:FB) big, beautiful, and ranked from 1 to 50 Each week, I’m ranking the biggest companies that trade on U.S. exchanges based on their size (market capitalization), momentum (total return over the past year), and recent news. Before we get to the rankings, a quick word on a major player. It’s not easy […]
Reality hits Tesla, Inc. (NASDAQ:TSLA) Earlier this month, Musk sent a letter to Tesla employees announcing that the company had to cut about 7% of its full-time workforce. He noted that Tesla is on track to post a second straight quarterly profit for the fourth quarter, but that it will earn less money than in […]
Alphabet Inc. (NASDAQ:GOOG) Heffx Technical Analysis Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 1,088.98. The projected upper bound is: 1,156.87. The projected lower bound is: 1,026.11. The projected closing price is: 1,091.49. Candlesticks A white body occurred (because prices closed higher than they opened). During […]
Alibaba Group Holding Limited (NYSE:BABA) earnings won’t convince most risk-averse investors to buy BABA stock The perception of Alibaba (NYSE:BABA) can diverge dramatically among educated investors. Some believe that BABA stock is a cornerstone of any portfolio, while others say that Alibaba stock is a sign of a market run amok. The bulls’ view on BABA stock […]
If you see a video of a politician speaking words he never would utter, or a Hollywood star improbably appearing in a cheap adult movie, don’t adjust your television set — you may just be witnessing the future of “fake news.” “Deepfake” videos that manipulate reality are becoming more sophisticated due to advances in artificial […]
African Gangs Terrorize Melbourne, Politicians Silent Australia’s imported African Gang Crime Wave continues while the Politically Correct Media join with the Left Wing Politicians to hide the facts from the Australian Public. Again this morning a Group of 30 Africans Refugees attacked and robbed 2 Australian kids 14 and 17 at a bus stop in […]
Bitcoin: USD/BTC (BTC=X) Crypto Traders Optimistic Bitcoin Price Gets Hammered, Traders Optimistic In the past hours (per the time of writing), the value of cryptocurrencies across the board have fallen dramatically. Bitcoin (BTC) is currently posting a 2.3% loss, falling to the $3,500 price level for the umpteenth time in weeks. Altcoins, interestingly, have had […]
German business confidence fell to a nearly three-year low in January, a closely-watched survey said Friday, in the latest sign of waning momentum in Europe’s top economy. The Munich-based Ifo institute’s monthly barometer slipped to 99.1 points from 101.0 in December, to hit its lowest level since February 2016. The decline was worse than analysts […]
Ministers from 75 countries — including the US and China — agreed Friday to launch talks towards establishing global rules on e-commerce at the WTO in a rare victory for international cooperation. The talks were announced by the EU’s top trade official, Cecilia Malmstrom, on the sidelines of the World Economic Forum in Davos where […]
The European Central Bank will “probably” downgrade its growth forecasts soon, a senior official said Friday, a day after the Frankfurt institution warned that economic risks to the euro area had worsened. “The near-term growth will probably be reduced in our forecast published in March,” Bank of France governor Francois Villeroy de Galhau told Bloomberg […]
British finance minister Philip Hammond said Friday he believed the EU might compromise over a Brexit deal in a way that would persuade lawmakers in London to support it. “I don’t think the European Union is going to change its fundamental position around the backstop”, a controversial provision in the deal relating to Ireland, Hammond […]
United States Oil (USO) United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025 In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025. In Rystad Energy’s base case oil price scenario, US liquids production is […]
Bitcoin: USD/BTC (BTC=X) Price Could Sink Even Further Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a […]
Chipmakers, airlines lift NASDAQ Composite (.IXIC) A rally in shares of chip makers and airlines lifted the Nasdaq on Thursday, while the Dow Jones industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. U.S. Commerce Secretary Wilbur Ross said the United States and […]
Alphabet Inc. (NASDAQ:GOOG) has asked the U.S. Supreme Court to reverse the billion-dollar copyright case brought by Oracle Google (GOOG -0.2%)(GOOGL -0.1%) has asked the U.S. Supreme Court to reverse the billion-dollar copyright case brought by Oracle (ORCL -0.1%). Google wants the court to say the company’s use of Oracle’s Java APIs to create the Android OS was allowed under […]
Facebook, Inc. (NASDAQ:FB) Mark Zuckerberg offered a defense and explanation of how Facebook Inc. operates After a year of scandals that battered the company’s stock, Mark Zuckerberg offered a defense and explanation of how Facebook Inc. operates Thursday. “I want to explain the principles of how we operate,” Facebook’s chief executive said in a Wall Street […]
Twitter, Inc. (NYSE:TWTR) currently sporting a Zacks Rank of #1 (Strong Buy) Investors focused on the Computer and Technology space have likely heard of Twitter ( TWTR ), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of […]
Tesla, Inc. (NASDAQ:TSLA) 15,870 Robinhood users added Tesla to their portfolio According to Markets Insider’s weekly track of data, a net 15,870 Robinhood users added Tesla to their portfolio in the past week, making it the most-added stock on the app over that time. Tesla now has 97,404 Robinhood shareholders, ranking 20th among all stocks […]
Apple Inc. (NASDAQ:AAPL) makes cuts at autonomous vehicle unit U.S. stock futures were higher this morning after stocks managed to rally before the close Wednesday. That gave the Dow, S&P 500, and Nasdaq their fifth gains in six sessions, and made up for at least part of Tuesday’s losses. Apple (AAPL) cut more than 200 employees from its autonomous […]
Alibaba Group Holding Limited (NYSE:BABA) earnings won’t convince most risk-averse investors to buy BABA stock The perception of Alibaba (NYSE:BABA) can diverge dramatically among educated investors. Some believe that BABA stock is a cornerstone of any portfolio, while others say that Alibaba stock is a sign of a market run amok. The bulls’ view on BABA stock […]
Dow Jones Industrial Average (.DJI) Inches up as US Stock Market Traders Remain Cautious For the US stock market, unpredictable earnings season results continue to lurk on the horizon, leaving futures traders with little enthusiasm ahead of the market open. As of 8:39 am ET, Dow Jones Industrial Average futures had climbed 33 points or 0.13 percent, […]
With the launch of CNN Brazil, Latin America’s biggest TV market is set to be roiled by the entry of a powerful new player looking to spread fake news and division across the Nation. Its arrival, announced this month, comes at a high-voltage time for Brazil as it undergoes an abrupt swerve to the right […]
1. Davos experts explain the Venezuela crisis Following news on Tuesday that Venezuelan President Nicolás Maduro was unseated by opposition leader Juan Guaidó, experts gathered to discuss how the country got here and where it is headed. South American countries and Canada have recognised Guaidó as interim president. Earlier on Tuesday, US President Donald Trump […]
Shanghai: SSE Composite Index (.SSEC) uncertainties surrounding the global economic outlook Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight. The mainland Chinese markets, watched in relation to the ongoing trade fight between Beijing and Washington, recovered from earlier losses. The Shanghai composite rose […]
Japanese Yen: USD/JPY (JPY=X) stuck below ¥110 As with equities, USD/JPY has struggled to make much upward progress so far this week. Rallies to ¥110.00 continue to hold back progress, but dips to ¥109.20 and ¥109.40 have found buyers. The current uptrend remains in place until the price breaks back below ¥109.00. Overall, the bias in prices […]
Hong Kong: HANG SENG INDEX (.HSI) uncertainties surrounding the global economic outlook Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight. The mainland Chinese markets, watched in relation to the ongoing trade fight between Beijing and Washington, recovered from earlier losses. The Shanghai […]
Gold 1 OZ (XAU=X) solid technical support at $1,250.00 Technically, February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]
British Pound: USD/GBP (GBP=X) holds at new two-month high Developments in the UK Parliament which suggest ‘no deal’ is a much-reduced possibility, have driven GBP/USD’s surge. The pair has formed a rising wedge, with support possible around $1.282. A break of this would likely mark a revival of the downward move, towards $1.2773 and then the […]
Euro: USD/EUR (EUR=X) steady ahead of ECB The price of EUR/USD moved off the $1.134 zone yesterday, and so far this morning a dip down to that area has been met with fierce buying. If the price continues to bounce, a move back towards the top end of the range is possible. Overall, the bias in prices […]
Australian Dollar: USD/AUD (AUD=X) showing signs of further weakness The Australian dollar initially tried to rally during the trading session on Thursday, and even pierced the 50 day EMA. By doing so, we rolled over and broke down below the 0.71 level during the day, showing signs of further weakness. However we have bounced just a […]
Silver 1 OZ 999 NY (XAG=X) near-term chart postures have deteriorated recently Gold and silver prices are moderately lower in early-afternoon U.S. trading Thursday, with gold notching at three-week low. The metals are pressured today by a solid rally in the U.S. dollar index, which also hit a three-week high. Some technical selling is also occurring in gold and […]
Australia: S&P/ASX 200 (.AXJO) appear set to open higher Australian shares appear set to open higher amid a mixed session on Wall St. $A drops. ASX futures up 17 points at about 8am AEDT. Ahead of the open, AMP has filed an update to the exchange in which it said it “expects to report an underlying profit […]
Singapore: STI Index (.STI) cautiously optimistic The Singapore stock market has fallen lower in three straight sessions, sinking almost 50 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,170-point plateau although it may stop the bleeding on Thursday. The global forecast for the Asian markets is cautiously […]
Venezuela has been in a state of deepening economic and humanitarian crisis for several years. Last week, Venezuela’s Congress declared President Nicolás Maduro illegitimate, and there were mass protests and violence across the country. On January 23, opposition leader Juan Guaido declared himself President, and US President Donald Trump endorsed this declaration, as did Canada […]
European Central Bank chief Mario Draghi on Thursday warned that risks to the eurozone economy were now tilted “to the downside”, acknowledging for the first time that waning global momentum was weighing on the region’s outlook. But he stressed the ECB had “not run out of” tools to tackle worsening headwinds, suggesting the bank was […]
Facing increased public scrutiny, Google and Facebook spent record amounts of money lobbying the US government on privacy and antitrust policies in 2018, with both companies topping previous highs, new data filings showed. In quarterly filings to Congress disclosed on Tuesday, Google revealed that it dished out a company-record of $21.2 million on Washington lobbying […]
Hopes for a Bitcoin: USD/BTC (BTC=X) exchange traded fund are being dashed Hopes for a bitcoin exchange traded fund are being dashed, for now. Cboe Global Markets pulled its application on Wednesday for what would be the first-ever bitcoin exchange traded fund, or ETF, according to a filing with the Securities and Exchange Commission. The SEC’s approval […]
Tesla, Inc. (NASDAQ:TSLA) company has reduced production hours of its Model S and Model X vehicles Tesla Inc. TSLA, -3.79% shares fell more than 5% in midday session after Bloomberg News reported the company has reduced production hours of its Model S and Model X vehicles after dropping cheaper variants of those models. The report cited a company […]
Sentiment towards Facebook, Inc. (NASDAQ:FB) stock has completely turned around for 2019 Last year was downright horrible for Facebook (NASDAQ: FB ) stock. The company’s shares significantly lagged those of other big tech names like Microsoft (NASDAQ: MSFT ), Amazon.com (NASDAQ: AMZN ) and Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ). But in the new year, sentiment towards Facebook stock has completely turned around. So far, FB stock is up about 8% in […]
Better than expected Q4 numbers could spark a rally in Alphabet Inc. (NASDAQ:GOOG) stock Global internet giant Alphabet (NASDAQ:GOOGL) had a tough run in 2018. Google stock entered the year just under $1,100. It bounced around quite a bit throughout 2018, rising as high as $1,300 and falling as low as $980. Ultimately, though, GOOGL finished the […]
NASDAQ Composite (.IXIC) Regain Composure Wednesday as Focus Shifts Back to Earnings Stocks closed higher Wednesday as Wall Street sidestepped early pressure from stalled US/China trade talks and the lingering government shutdown to focus on an outpouring of bullish corporate quarterly results. Stocks were kept afloat early in the day by upbeat quarterly results from […]
United States Oil (USO) market players looked ahead to the release of fresh weekly data Oil prices rebounded from the prior day’s losses on Wednesday, as market players looked ahead to the release of fresh weekly data on U.S. commercial crude inventories. U.S. West Texas Intermediate crude futures for March delivery on the New York Mercantile Exchange […]
Apple Inc. (NASDAQ:AAPL) iPhone sales weakness has continued since the December quarter A Wall Street analyst on Wednesday trimmed his price target on Apple stock amid reports that iPhone sales weakness has continued since the December quarter. D.A. Davidson analyst Tom Forte reiterated his buy rating on Apple (AAPL) but lowered his 12-to-18-month price target to 245 […]
Alibaba Group Holding Limited (NYSE:BABA) Ma said that history shows technological innovation is a primary factor behind global conflicts Chinese billionaire Jack Ma has warnedthat technology could lead to a third world war. The Alibaba founder said Wednesday that history shows technological innovation is a primary factor behind global conflicts. “The first world war was because of the first […]
Twitter, Inc. (NYSE:TWTR) fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online Twitter’s share price fell as much as 4 percent on Wednesday after a pair of interviews with CEO Jack Dorsey were published online. Dorsey held interviews with Rolling Stone and went on The Bill Simmons Podcast to […]
Reversal Hits Dow Jones Industrial Average (.DJI) Industrial Average The Dow Jones Industrial Average erased a 1.2% intraday gain near midday Wednesday. Other indexes were down in late morning trade after a negative reversal. The day’s leaders were an unlikely bunch: IBM(IBM) gapped up 8%; Procter & Gamble (PG), 4%; and United Technologies (UTX), 3.5%. All three stocks rose in […]
China’s economic growth of 6.5% in the past quarter was the weakest since the financial crisis and is expected to slow further. How are emerging domestic and global trends affecting China’s economic outlook? Did you know: China’s GDP growth is slowing from 6.6% last year to a projected 6.3% this year. Background reading: Is a […]
Italian Prime Minister Giuseppe Conte says the Italian people are questioning the validity and credibility of the European project without regarding its historical merits. “Our experience might be an indication of what Europe will look like tomorrow,” he says. “A sense of despair is spreading. Even the middle class is facing poverty. Everyone feels that […]
Australia: S&P/ASX 200 (.AXJO) set to open lower on renewed concerns about a global growth slowdown Australian shares are set to open lower on renewed concerns about a global growth slowdown. Jobs report ahead. ASX futures were down 4 points, paring earlier losses, at about 8.15am AEDT. The Australian dollar – for now defying an even […]
Shanghai: SSE Composite Index (.SSEC) stocks higher, blue-chip CSI300 index down China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest economy pushed growth last year to its lowest since […]
Singapore: STI Index (.STI) stocks continues their downward slide Amid a cautious trading environment, Singapore stocks continued their downward slide yesterday, with the Straits Times Index (STI) losing 0.68 per cent or 21.6 points to close at 3,171.11. Investors are finding more reasons for gloom than cheer, with the International Monetary Fund’s downgrade of its […]
Silver 1 OZ 999 NY (XAG=X) solid losses are working against the safe-haven metals early today Gold prices are modestly lower in early U.S. trading Wednesday. Stabilizing world equity markets and U.S. stock indexes that are set to rebound from Tuesday’s solid losses are working against the safe-haven metals early today. Gold and silver prices dropped […]
Australian Dollar: USD/AUD (AUD=X) keeps on declining AUD/USD continued its downward move yesterday, providing further evidence that global risk appetite is waning. A rally off the lows yesterday is faltering at $0.714, creating a lower high. Further declines target $0.712 and then $0.709. Overall, the bias in prices is: Sideways. The projected upper bound is: 0.72. […]
Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage but have faded recently. Prices are still in a two-month-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. […]
Hong Kong: HANG SENG INDEX (.HSI) uncertainty over US-China trade talks Major stock markets in Asia ended mixed on Wednesday amid concerns over the state of ongoing U.S.-China trade negotiations, after reports emerged that the White House canceled a trade planning meeting with Beijing this week. The mainland Chinese markets, closely watched in relation to […]
Euro: USD/EUR (EUR=X) still in trend channel EUR/USD continues to cleave to the rising channel, although we have yet to see a significant bounce. Yesterday saw the index hold the $1.134 area. If this remains the case, the bullish view suggesting a bounce back towards $1.15 remains in place. A close below $1.134 brings horizontal support […]
Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold JPY weakened somewhat as BoJ’s interest rate decision was to remain on hold as was widely expected. The decision was accompanied by cuts in the forecasts for the core CPI rate in 2019/20 and a small boost in the forecast for the […]
British Pound: USD/GBP (GBP=X) eyes up $1.30 Employment figures yesterday bolstered GBP/USD, reviving the uptrend. A fresh push above $1.30 will mark a bullish breakout, targeting $1.304 and then $1.32. A firm move below $1.28 is needed to suggest that the sequence of higher lows has been broken. Overall, the bias in prices is: Upwards. By […]
Apple Inc. (NASDAQ:AAPL) goal to turn the iPhone into a digital wallet is gaining steam Apple‘s (AAPL) goal to turn the iPhone into a digital wallet is gaining steam as the company announced Tuesday that Apple Pay is now supported by 65% of all retail locations across the U.S. Customers can use Apple Pay now […]
NASDAQ Composite (.IXIC) economic outlook, corporate forecasts sour U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All three major U.S. stock indexes pared losses after White House economic advisor Larry Kudlow denied a report by the Financial Times […]
Twitter, Inc. (NYSE:TWTR) unveiling new features Twitter (TWTR -3.4%) says it’s rolled out its new homepage experience to some users on Twitter.com. The update adds new features like bookmarks and “Explore” along with improved trends and Direct Messages, the company says. Its tweet also highlights an emoji button and advanced search. “And coming soon, you’ll have easy access […]
Alibaba Group Holding Limited (NYSE:BABA) looking to curb travel expenses and postpone the recruitment Alibaba Group Holding Limited recently announced that it is looking to curb travel expenses and postpone the recruitment of new personnel amid a weakening Chinese economy. Reportedly, the company has delayed new hiring till April 2019. Moreover, to save on airfare, […]
Bitcoin: USD/BTC (BTC=X) recent flop has led to another depreciation in its value Bitcoin is facing another catastrophic fall, according to cryptocurrency experts, which could result in it exponentially rising once again. The internet based currency has been extremely turbulent, spiking and plummeting as people regularly gain and lose confidence. As such, Bitcoin’s value remains […]
Facebook, Inc. (NASDAQ:FB) Expect further deceleration in the social network’s business growth Social network Facebook (NASDAQ:FB) is slated to report its fourth-quarter and full-year financial results next Wednesday. With shares down about 30% since the stock hit an all-time high of $218.62 last summer, the pressure is on. Decelerating growth, some high-profile privacy and security issues, and a decline […]
Tesla, Inc. (NASDAQ:TSLA) could be weeks away from paying out $920 million in cash to bondholders Tesla could be weeks away from paying out $920 million in cash to bondholders, potentially wiping out much of the company’s war chest, CNBC reports. With time running out, Tesla hopes to increase its stock price to $359.87 per share […]
Alphabet Inc. (NASDAQ:GOOG) claimed it created an AI agent that could “correctly distinguish a slide with metastatic cancer from a slide without cancer 99% of the time Major breakthroughs are now possible with less data than ever thanks to artificial intelligence, Alphabet Chief Financial Officer Ruth Porat said during a panel at the World Economic Forum in […]
Dow Jones Industrial Average (.DJI) five higher-priced components are accounting for nearly half of the decline Of the Dow Jones Industrial Average’s DJIA, -1.22%412-point plunge Tuesday, five higher-priced components are accounting for nearly half of the decline. The biggest drag on the Dow’s price is Boeing Co. BA, -1.87% as the stock fell $8.75, or 2.4%, to shave about 59 points […]
United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb U.S. oil output from seven major shale formations is expected to rise by 63,000 barrels per day (bpd) in February to 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is […]
Australia: S&P/ASX 200 (.AXJO) futures pointing lower The Australian share market looks likely to extend its decline on Wednesday. According to the latest SPI futures, the ASX 200 is poised to open the day 0.4% or 23 points lower this morning. This follows a disappointing night of trade on Wall Street which late in the […]
Gold 1 OZ (XAU=X) Risk Appetite Recedes There are renewed worries about slowing global economic growth, as the International Monetary Fund released a report Monday that projected collective world economic growth at 3.5% in 2019, which is down from their last forecast in October for 3.7% growth. The IMF also warned about higher risks for […]
Euro: USD/EUR (EUR=X) back to channel support EUR/USD’s fall has continued, but it is now nearing the bottom-end of the rising channel. If a bounce from around these levels takes place, a higher low in the uptrend from November lows has been created. This might suggest a move back towards the top-end of the channel, […]
Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening As with equities, USD/JPY’s bounce has stalled over the past couple of sessions, but the uptrend is still in place. The pullback from Friday highs has been met with buying so far this morning, with the price finding support around ¥109.35. If a higher […]
Hong Kong: HANG SENG INDEX (.HSI) concerns about the global economic outlook Stocks in Asia declined on Tuesday as investor sentiment dipped on concerns about the global outlook, after the International Monetary Fund (IMF)slashed its world economic growth forecast on Monday. In the Greater China region, the Shanghai composite declined about 1.18 percent to close at around 2,579.70 and […]
Singapore: STI Index (.STI) shares decline on concerns China slowdown Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was […]
British Pound: USD/GBP (GBP=X) recovers from recent weakness GBP/USD’s overall upward trend from the lows of December continues, although it received a sharp check on Friday. However, the price continues to hold the 200-hour simple moving average (SMA) of $1.285, having bounced back above it yesterday. This dip may see fresh buying, targeting $1.30 in […]
Silver 1 OZ 999 NY (XAG=X) dropped to three-week lows overnight as the bulls are fading Gold prices are trading near steady, while silver is slightly lower in early U.S. trading Tuesday. Both metals dropped to three-week lows overnight as the bulls are fading. There is some keener risk aversion in the marketplace today, which will […]
Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie The Australian and New Zealand Dollars are trading lower on Tuesday in reaction to concerns over data showing China’s economy slowed sharply in 2018 and weakening global growth. The lack of fresh developments over U.S.-China trade relations could also be weighing on the Aussie […]
Fossil stock will sell smartwatch IP to Alphabet Inc. (NASDAQ:GOOG) Shares of Fossil Group Inc. FOSL, +0.00% are up nearly 5% in afternoon trading Thursday after the company announced that it would be selling intellectual property related to in-development smartwatch technology to Alphabet Inc.’sGOOGL, +0.74% GOOG, +0.77% Google for $40 million. The shares were up as much as 10.9% earlier in […]
United States Oil (USO) U.S. Drilling Slows Down Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling amid the lower price of oil. At 10:34 EST on Monday, WTI Crude was up 0.44 percent at […]
Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness Yesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and a low was formed near the $3,465 […]
NASDAQ Composite (.IXIC) developments helped investors ignore concerns about the month long partial shutdown of the U.S. government The bull-run of the U.S. stocks continued for the fourth straight day on Friday following positive news on the trade war front. These developments helped investors ignore concerns about the month long partial shutdown of the U.S. […]
Dow Jones Industrial Average (.DJI) Fall Solidly After Long Weekend Dow Jones futures fell solidly Monday night, along with S&P 500 futures and Nasdaq futures, after U.S. stock markets were closed in observance of the Martin Luther King holiday. The stock market rally powered higher last week, with the Dow Jones, S&P 500 index and Nasdaq composite […]
A slowdown in Alibaba Group Holding Limited (NYSE:BABA) earnings and revenue is coming The fiscal third quarter is an important one for Alibaba because it includes its annual Singles Day sales extravaganza, which takes place on Nov. 11. It’s the largest single day of sales for the company, and revenues have grown significantly every year. […]
Tesla, Inc. (NASDAQ:TSLA) overseas expansion is critical After an initial period of challenges and delays for Model 3 production that Tesla(NASDAQ:TSLA) CEO Elon Musk referred to as “production hell,” Model 3 manufacturing saw significant improvements in the second half of last year. Deliveries of the vehicle in the third and fourth quarter of last year were 55,840 and […]
Why Facebook, Inc (NASDAQ:FB) should pay dividends Tech companies have historically been slow to start paying dividends, and with Facebook having gone public in 2012, a seven-year history without dividends is far from unusual. It usually takes a long time for newly public companies to gain traction in their respective businesses, and in the technology […]
Twitter, Inc. (NYSE:TWTR) Heffx Technical Analysis Overall, the bias in prices is: Upwards. The projected upper bound is: 36.68. The projected lower bound is: 29.83. The projected closing price is: 33.26. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and […]
Singapore: STI Index (.STI) shares open higher Singapore stocks opened higher on Monday (Jan 21), with the Straits Times Index advancing 9.17 points, or 0.3 per cent to 3,233.51 as at 9.01am. Gainers outnumbered losers 75 to 20, after about 73.5 million shares worth $44.1 million changed hands. The most actively traded counter was JCG […]
British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance GBP/USD has been weakening consistently since hitting the 76.4% resistance level of $1.30. Whether this is simply another short-term retracement or the beginning of a wider bearish shift for the pair remains to be seen. However, with a minimal rebound this morning being sold into straight […]
Gold 1 OZ (XAU=X) dips on firm dollar Gold slipped to its lowest in almost a month on Monday as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates. Spot gold was 0.1 percent down at $1,279.99 an ounce, having touched its lowest since Dec. 28 […]
Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast Australian shares are poised to edge lower after the IMF once again pared its global growth forecast. ASX futures were down 1 point near 5.45am AEDT. European shares were mostly lower. Wall Street was closed for a holiday. […]
Silver 1 OZ 999 NY (XAG=X) $15 level of course will offer support Silver markets pulled back during thin trading on Monday as traders came back from the weekend. With the holiday schedule, and of course volume would have been late, so I don’t read too much into the pullback other than the 61.8% Fibonacci retracement […]
Euro: USD/EUR (EUR=X) falls into Fibonacci support EUR/USD has dropped into the 76.4% retracement amid a sell-off that has brought us back into a crucial area of support. The wider trend highlights the creation of higher highs and higher lows, thus pointing towards a possible bullish reversal in the near future. With an ascending trendline further […]
Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect […]
UK FTSE 100 (.FTSE) rallies back into Fibonacci resistance The FTSE 100 has rallied back into the 7000-mark once more, with the 76.4% Fibonacci retracement coming into play again. The wider downtrend would require a break through 7146 to negate, and until then there is a chance we could turn lower once more. Given we are currently […]
Shanghai: SSE Composite Index (.SSEC) investors shrugged off the country’s slowest rate of annual economic growth in 28 years China shares ended higher on Monday as investors shrugged off the country’s slowest rate of annual economic growth in 28 years amid expectations that authorities will pursue more stimulus to support growth. At the close, the […]
Australian Dollar: USD/AUD (AUD=X) at risk of another break lower AUD/USD has been on the rise throughout the beginning of 2019, although the past week has seen the pair drift lower in what could be a topping pattern. The wider trend in AUD/USD is bearish, and thus until we break through the $7393 level, there is […]
Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November USD/CAD has posted small gains in the Monday session. Currently, the pair is trading at 1.3298, up 0.23% on the day. There are no U.S. or Canadian events on the schedule, so traders can expect limited movement from the pair during the day. On […]