United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States

United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States

United States Oil (USO) prices on the rises as tensions remain high between Iran and the United States Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 37 cents, or […]

Bitcoin: USD/BTC (BTC=X) Fresh 2019 Highs

Bitcoin: USD/BTC (BTC=X) Fresh 2019 Highs

Bitcoin: USD/BTC (BTC=X) Fresh 2019 Highs Bitcoin has broken yet another 2019 record, reaching as high as $11,304, before conceding a short-term period of profit taking. The move to another 2019 high comes after bitcoin’s price dropped to as low as $10,416 on June 23 before another surge of buying pressure pushed prices back above $10,750 […]

Shanghai: SSE Composite Index (.SSEC) sees mixed trading

Shanghai: SSE Composite Index (.SSEC) sees mixed trading

Shanghai: SSE Composite Index (.SSEC) sees mixed trading Stocks in Asia Pacific traded mixed on Monday morning, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an American surveillance drone. Mainland Chinese stocks rose in early trade, with the Shanghai composite up 0.11%, while the Shenzhen component and […]

British Pound: USD/GBP (GBP=X) rises up to key June highs

British Pound: USD/GBP (GBP=X) rises up to key June highs

British Pound: USD/GBP (GBP=X) rises up to key June highs The Pound-to-Dollar rate will be trading at around 1.2738 at the start of the new week, after rising 1.2% in the previous week. Studies of the charts suggest that the exchange rate is likely to continue rising over the next five days. Recently, however, the […]

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead

Euro: USD/EUR (EUR=X) ECB and Fed signalled the possibility of rate cuts ahead Major global central bankers sang a chorus of dovishness last week. Most importantly, both ECB and Fed signaled the possibility of rate cuts ahead. Comparatively, RBA’s indication of more rate cut was not much a surprise. In the background, it appeared US […]

Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields

Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields

Japanese Yen: USD/JPY (JPY=X) likely to continue to be determined by trader reaction to Treasury yields Even with U.S. investors pricing in a 100-percent chance of a rate cut at the Fed’s next meeting on July 31, the direction of the USD/JPY is likely to continue to be determined by trader reaction to Treasury yields. […]

Hong Kong: HANG SENG INDEX (.HSI) Index outperforming world’s major indexes

Hong Kong: HANG SENG INDEX (.HSI) Index outperforming world’s major indexes

Hong Kong: HANG SENG INDEX (.HSI) Index outperforming world’s major indexes Central banks have helped supercharge a rebound in Hong Kong stocks. The Hang Seng Index jumped 5% last week, beating all other 93 major benchmarks tracked by Bloomberg. That’s its best weekly rally since early November. The Hang Seng Enterprises Index was a close […]

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week

Australian Dollar: USD/AUD (AUD=X) highlights this week The RBA minutes were dovish, which was not a surprise, coming after the RBA cut rates from 1.50% to 1.25%. Policymakers said that it was “more likely than not” that further policy easing would be appropriate. On the housing front, the House Price Index plunged 3.0% in Q1, […]

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook Finally, the ASX 200 is amid a rally of its own. After a recent rate cut, commentary from RBA Governor Lowe suggests the bank is open to more. This could provide a healthy tailwind for the Index in the near-term while simultaneously contributing to the continued deterioration of the Australian Dollar. […]

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies

Silver 1 OZ 999 NY (XAG=X) bulls are still feeling the positive effect of the Federal Reserve and European Central Bank leaning to easier monetary policies July silver futures bulls have the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is […]

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00 Technically, the gold bulls have the solid overall near-term technical advantage and gained still more power today. Prices are in an accelerating seven-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,450.00. Bears’ […]

Mount TAM Biotechnologies, Inc. (OTC:MNTM) Technical Outlook

Mount TAM Biotechnologies, Inc. (OTC:MNTM) Technical Outlook

Mount TAM Biotechnologies, Inc. (OTC:MNTM) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.06. The projected lower bound is: 0.01. The projected closing price is: 0.04. Candlesticks During the past 10 bars, there have been 2 white candles and […]

Boston Therapeutics, Inc. (OTC:BTHE) Technical Outlook

Boston Therapeutics, Inc. (OTC:BTHE) Technical Outlook

Boston Therapeutics, Inc. (OTC:BTHE) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.03. The projected upper bound is: 0.04. The projected lower bound is: 0.01. The projected closing price is: 0.02. Candlesticks A white […]

Scio Diamond Technology Corporation (OTC:SCIO) Technical Outlook

Scio Diamond Technology Corporation (OTC:SCIO) Technical Outlook

Scio Diamond Technology Corporation (OTC:SCIO) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.02. The projected upper bound is: 0.02. The projected lower bound is: 0.00. The projected closing price is: 0.01. Candlesticks WARNING: […]

CommerceWest Bank (OTC:CWBK) Technical Outlook

CommerceWest Bank (OTC:CWBK) Technical Outlook

CommerceWest Bank (OTC:CWBK) Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 21.28. The projected lower bound is: 20.40. The projected closing price is: 20.84. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 2 white candles and 4 […]

Biotricity, Inc. (OTC:BTCY) Technical Outlook

Biotricity, Inc. (OTC:BTCY) Technical Outlook

Biotricity, Inc. (OTC:BTCY) Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 0.91. The projected lower bound is: 0.64. The projected closing price is: 0.78. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles and 3 […]

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington

United States Oil (USO) higher on fears of a military confrontation between Tehran and Washington Oil soared more than 5% higher yesterday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut interest rates at its next meeting, stimulating […]

Emisphere Technologies, Inc. (OTC:EMIS) Technical Outlook

Emisphere Technologies, Inc. (OTC:EMIS) Technical Outlook

Emisphere Technologies, Inc. (OTC:EMIS) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 8.62. The projected upper bound is: 11.07. The projected lower bound is: 9.28. The projected closing price is: 10.18. Candlesticks A white […]

Bitcoin: USD/BTC (BTC=X) currently climbing higher and it is likely to break the key $10,000

Bitcoin: USD/BTC (BTC=X) currently climbing higher and it is likely to break the key $10,000

Bitcoin: USD/BTC (BTC=X) currently climbing higher and it is likely to break the key $10,000 Bitcoin price is up more than 5% and it broke the key $9,500 and $9,700 levels against the US Dollar. BTC is likely to accelerate gains above $10,000 and $10,500 in the near term. Bitcoin Price Analysis Yesterday, we discussed […]

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks A big […]

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions The gold price surged above the $1,400/oz level overnight – the first time it has broken that barrier since September 2013 – as demand for the precious metal soars on rising uncertainties. “Gold has benefited from its safe-haven […]

FluoroPharma Medical, Inc. (OTC:FPMI) Technical Outlook

FluoroPharma Medical, Inc. (OTC:FPMI) Technical Outlook

FluoroPharma Medical, Inc. (OTC:FPMI) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.06. The projected upper bound is: 0.10. The projected lower bound is: -0.05. The projected closing price is: 0.02. Candlesticks A white […]

Unruly social media no model for Facebook, Inc. (NASDAQ:FB) Libra currency

Unruly social media no model for Facebook, Inc. (NASDAQ:FB) Libra currency

Unruly social media no model for Facebook, Inc. (NASDAQ:FB) Libra currency Facebook FB.O cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday. The U.S. social media company drew worldwide interest earlier this week […]

China’s Xi Jinping told Kim Jong Un that the world wanted him to make progress in nuclear talks with the US

China’s Xi Jinping told Kim Jong Un that the world wanted him to make progress in nuclear talks with the US

China’s Xi Jinping told Kim Jong Un that the world wanted him to make progress in nuclear talks with the US, underscoring Beijing’s key role in negotiations ahead of his own summit with President Donald Trump. The Chinese president said during a landmark visit to Pyongyang on Thursday that he was willing to play a […]

Meggitt PLC (MGGT:L) secures multi-million dollar contract with BAE Systems for innovative generator system

Meggitt PLC (MGGT:L) secures multi-million dollar contract with BAE Systems for innovative generator system

Meggitt PLC (MGGT:L) secures multi-million dollar contract with BAE Systems for innovative generator system Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and selected energy markets, has signed a 3 year agreement with BAE Systems for an innovative generator system. Meggitt’s solution combines two existing generators […]

Nissan Motor Co., Ltd. (7201:T) Intends to grant alliance member Renault’s RENA.PA representatives seats on key committees of its board

Nissan Motor Co., Ltd. (7201:T) Intends to grant alliance member Renault’s RENA.PA representatives seats on key committees of its board

Nissan Motor Co., Ltd. (7201:T) Intends to grant alliance member Renault’s RENA.PA representatives seats on key committees of its board Japan’s Nissan 7201.T said on Friday it would grant alliance member Renault’s RENA.PA representatives seats on key committees of its board, ending a dispute between the two automakers. Nissan said it will give Renault Chief […]

Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Pental Limited (PTL:AX) biggest intraday pct gain since May 14 Shares of Pental Ltd PTL.AX rise as much as 5.3% to A$0.30, in their biggest intraday pct gain since May 14 Distributor of personal care and home products says it expects FY19 net sales revenue of A$101 mln ($69.91 mln) vs A$75.7 mln prvs year, underlying NPAT of A$3.4 […]

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States

Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States Lynas Corp LYC.AX on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war. […]

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month

Australian Dollar: USD/AUD (AUD=X) businesses have seen a pick-up in activity this month Australian businesses have seen a pick-up in activity this month with the service sector enjoying the fastest pace of growth in seven months, a survey showed on Friday. The CBA-Markit purchasing management index (PMI) for services and manufacturing climbed to 53.1 in […]

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management

Exxon Mobil Corporation (NYSE:XOM) blacklisted from Legal & General Investment Management Britain’s biggest investment manager has released its second blacklist of companies which are failing to address environmental concerns. Legal & General Investment Management, which manages more than £1 trillion of savers’ and pensioners’ money, assesses more than 80 of the world’s largest firms every […]

Slack (WORK:N) Stock Soars In First Day of Trading

Slack (WORK:N) Stock Soars In First Day of Trading

Slack (WORK:N) Stock Soars In First Day of Trading Slack, the workplace-chat app that haunts your life if you work in certain deskbound industries and is likely unknown to you if you don’t, went public on the New York Stock Exchange early Thursday afternoon. The stock — given the ticker symbol WORK, har har — […]

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever

Pemex Refinery Making History as the global bond market’s largest “fallen angel” ever But not all the information was released. Government says some details must remain confidential to avoid higher financing costs The government’s plan to build a new oil refinery on the Tabasco coast involves high risks of flooding and other environmental problems but […]

Australia: S&P/ASX 200 (.AXJO) expected to edge lower

Australia: S&P/ASX 200 (.AXJO) expected to edge lower

Australia: S&P/ASX 200 (.AXJO) expected to edge lower The Australian share market looks set to finish the week on a subdued note despite a strong night of trade over in the United States. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 5 points lower on Friday. On […]

Facebook, Inc. (NASDAQ:FB) cryptocurrency heralds the rise of the corporation-government

Facebook, Inc. (NASDAQ:FB) cryptocurrency heralds the rise of the corporation-government

Facebook, Inc. (NASDAQ:FB) cryptocurrency heralds the rise of the corporation-government Facebook’s cryptocurrency, officially unveiled on Tuesday, heralds the rise of the corporation-government, potentially shaping the already vast powers of the Silicon Valley giants into a borderless, unaccountable techno-oligarchy. The crystal ball is dark, and we should be afraid. Facebook’s cryptocurrency, Libra, is to be used in […]

Apple Inc. (NASDAQ:AAPL) Playing hardball

Apple Inc. (NASDAQ:AAPL) Playing hardball

Apple Inc. (NASDAQ:AAPL) Playing hardball Apple has reportedly asked each of its largest suppliers to evaluate the costs to shift between 15% and 30% of its production out of China to other countries in Southeast Asia, according to a report by the Nikkei Asian Review. The company made this request to Foxconn, Pegatron, Wistron, and others, as Apple […]

Alibaba Group Holding Limited (NYSE:BABA) seeing bullish betting ahead of trade talks

Alibaba Group Holding Limited (NYSE:BABA) seeing bullish betting ahead of trade talks

Alibaba Group Holding Limited (NYSE:BABA) seeing bullish betting ahead of trade talks The potential for a deal between the US and China has some people betting that Alibaba (BABA) rises sharply by the middle of September based on an options market analysis. An analysis of the charts also suggests the stock rises soon as it […]

Why Amazon.com, Inc. (NASDAQ:AMZN) doesn’t offer a ‘price match’ policy

Why Amazon.com, Inc. (NASDAQ:AMZN) doesn’t offer a ‘price match’ policy

Why Amazon.com, Inc. (NASDAQ:AMZN) doesn’t offer a ‘price match’ policy Amazon often has the lowest prices on products, but they don’t offer a low-price guarantee. The notable thing about Amazon is that their prices are constantly changing for several reasons, and often for a consumer’s benefit. As the company constantly crunches data to determine the […]

Dow Jones Industrial Average (.DJI) Rally Faces One Last Hurdle

Dow Jones Industrial Average (.DJI) Rally Faces One Last Hurdle

Dow Jones Industrial Average (.DJI) Rally Faces One Last Hurdle Dow Jones futures rose late Wednesday, along with S&P 500 futures and Nasdaq futures. After surging Tuesday on China trade hopes, the current stock market rally advanced Wednesday as policymakers signaled Fed rate cuts are coming. Software stocks led, as Adobe (ADBE) broke out, Shopify […]

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2

United States Oil (USO) OPEC sets new ministerial meeting dates to July 1-2 Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The supply draw “helped ease some of the […]

Tesla, Inc. (NASDAQ:TSLA) What Can We Expect in the Upcoming Months?

Tesla, Inc. (NASDAQ:TSLA) What Can We Expect in the Upcoming Months?

Tesla, Inc. (NASDAQ:TSLA) What Can We Expect in the Upcoming Months? Despite the recent recovery displayed by Tesla’s stock, there are some bad omens which paint the company’s financial future in uncertain colors. Tesla have managed to come up with cheaper models compared to its $90,000- luxury Tesla Roadster sportscar. These models, such as the […]

Bitcoin: USD/BTC (BTC=X) may face resistance at the key Fibonacci retracement level of $9,642

Bitcoin: USD/BTC (BTC=X) may face resistance at the key Fibonacci retracement level of $9,642

Bitcoin: USD/BTC (BTC=X) may face resistance at the key Fibonacci retracement level of $9,642 Bitcoin’s (BTC) price closed on a negative note on Tuesday, snapping the longest daily winning streak in 11 months. The leading cryptocurrency by market value fell 2.87 percent yesterday, having scored 2-5 percent gains in each of the preceding six days. […]

Alphabet Inc. (NASDAQ:GOOG) none of the proposals made by activist investors at the company’s shareholder meeting were passed

Alphabet Inc. (NASDAQ:GOOG) none of the proposals made by activist investors at the company’s shareholder meeting were passed

Alphabet Inc. (NASDAQ:GOOG) none of the proposals made by activist investors at the company’s shareholder meeting were passed Google parent Alphabet Inc. faced a wave of critical proposals from activists and employees during its annual shareholder meeting Wednesday, including one to split up the internet search and ad-selling giant before regulators break it into pieces. […]

Australia Hails The Anam as Top Luxury Resort

Australia Hails The Anam as Top Luxury Resort

CAM RANH, Vietnam (June 20, 2019) – Australia is taking a shine to one of Vietnam’s most compelling new destinations — Cam Ranh. One of the country’s leading media — Luxury Travel Magazine — has this month called out The Anam on Long Beach as the “Best Overseas Luxury Resort” in its 2019 Gold List […]

TOP GLOVE CORPORATION BHD (TPGC:KL) shares up on company’s capacity expansion news

TOP GLOVE CORPORATION BHD (TPGC:KL) shares up on company’s capacity expansion news

TOP GLOVE CORPORATION BHD (TPGC:KL) shares up on company’s capacity expansion news Shares of Top Glove Corporation were higher on news the biggest nitrile glove producer is expanding capacity to produce between 25 billion and 30 billion gloves annually. In a note today, Shayne Heffernan, CEO and Founder of Heffx said Top Glove was its favourite stock. “We continue to […]

Persistent buying pushed FTSE Bursa Malaysia KLCI (.KLSE) to close higher

Persistent buying pushed FTSE Bursa Malaysia KLCI (.KLSE) to close higher

Persistent buying pushed FTSE Bursa Malaysia KLCI (.KLSE) to close higher Persistent buying pushed Bursa Malaysia to close higher, led by Malaysia Airports which jumped 58 sen to RM8.51 and Tenaga which increased 28 sen to RM13.28 today. The momentum came after upbeat comments on the US-China trade talks, which will resume before the upcoming […]

Shanghai: SSE Composite Index (.SSEC) gauge may drop 10% if no deal reached at summit

Shanghai: SSE Composite Index (.SSEC) gauge may drop 10% if no deal reached at summit

Shanghai: SSE Composite Index (.SSEC) gauge may drop 10% if no deal reached at summit Chinese equities got a boost Wednesday from news that U.S.-China trade talks are back on. So this is the start of a summer surge, right? Not so fast, say market watchers. The Shanghai Composite Index could drop 10% in the […]

British Pound: USD/GBP (GBP=X) showing strength

British Pound: USD/GBP (GBP=X) showing strength

British Pound: USD/GBP (GBP=X) showing strength The British pound rallied significantly during the trading session on Wednesday as we awaited the Federal Reserve statement, so therefore it looks as if the market is banking on some type of diabetes when it comes to that announcement. With the markets waiting for the Federal Reserve to make […]

Euro: USD/EUR (EUR=X) Digs into Support

Euro: USD/EUR (EUR=X) Digs into Support

Euro: USD/EUR (EUR=X) Digs into Support Going along with the US Dollar’s check of a key resistance level, EURUSD has started to grind around a key support zone. This is the same zone that’s been in-play to varying degrees since last November; and this runs from Fibonacci levels at 1.1187-1.1212. The fact that the pair is holding on […]

Japanese Yen: USD/JPY (JPY=X) holds key resistance

Japanese Yen: USD/JPY (JPY=X) holds key resistance

Japanese Yen: USD/JPY (JPY=X) holds key resistance USDJPY remains of interest for bearish USD-themes. The pair has held a big zone of resistance over the past two weeks as the USD fireworks have been on full display. As strength has returned to the Dollar over the past week, USDJPY has appeared immune as price action has continued to […]

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows

Australian Dollar: USD/AUD (AUD=X) bounce from five-month lows AUDUSD folded down to a fresh five-month-low last week as USD-strength had come rushing back. After the resistance inflection at the .7000 big figure earlier this month, sellers have been back in control of the pair; and this can keep the door open for further short-side, particularly […]

Singapore: STI Index (.STI) rises over news of upcoming ‘extended meeting’ between Trump and Xi

Singapore: STI Index (.STI) rises over news of upcoming ‘extended meeting’ between Trump and Xi

Singapore: STI Index (.STI) rises over news of upcoming ‘extended meeting’ between Trump and Xi With news that US President Donald Trump and his Chinese counterpart Xi Jinping are set for an “extended meeting” at the G-20 summit, and dovishness from other central banks added to the mix, risk-on attitudes returned to the fore. Buoyed […]

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains Gold prices are modestly lower in early morning U.S. trading Wednesday, on a corrective pullback from recent gains and some position-squaring by the shorter-term futures trades ahead of this afternoon’s FOMC statement. August gold futures were last down $3.60 an ounce at 1,346.90. July Comex silver prices were last […]

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage

Silver 1 OZ 999 NY (XAG=X) bears have the overall near-term technical advantage July silver futures bears have the overall near-term technical advantage. However, prices are in a three-week-old uptrend on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the June high of $15.15 […]

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point The ASX 200 came through this year’s very patchy risk appetite in style and is now back within close distance of its own record peaks. The latest boost has come from suspicions that the European Central Bank could soon bolster the global atmosphere of looser monetary policy, and from hopes […]

Trump-Xi meeting news helps lift Hong Kong: HANG SENG INDEX (.HSI)

Trump-Xi meeting news helps lift Hong Kong: HANG SENG INDEX (.HSI)

Trump-Xi meeting news helps lift Hong Kong: HANG SENG INDEX (.HSI) Judging from recent trading sessions, most investors seem sold into thinking that rate cuts by the US Federal Reserve are a certainty. With news that US President Donald Trump and his Chinese counterpart Xi Jinping are set for an “extended meeting” at the G-20 […]

Dow Jones Industrial Average (.DJI) highest levels in about six weeks ahead of a key Federal Reserve decision

Dow Jones Industrial Average (.DJI) highest levels in about six weeks ahead of a key Federal Reserve decision

Dow Jones Industrial Average (.DJI) highest levels in about six weeks ahead of a key Federal Reserve decision The Dow and S&P 500 on Tuesday finished at their highest levels in about six weeks ahead of a key Federal Reserve decision, as President Donald Trump tweeted that he had a productive conversation with Chinese counterpart […]

Alibaba Group Holding Limited (NYSE:BABA) optimism may be misguided

Alibaba Group Holding Limited (NYSE:BABA) optimism may be misguided

Alibaba Group Holding Limited (NYSE:BABA) optimism may be misguided Alibaba Group Holding Ltd (NYSE: BABA) shares have held up relatively well up to this point in 2019 considering the beating other Chinese stocks have taken as the trade war between the U.S. and China has ramped up. Alibaba’s stock jumped 4% on Tuesday, but some […]

Amazon.com, Inc. (NASDAQ:AMZN) to lease 15 more Boeing 737-800s through GECAS

Amazon.com, Inc. (NASDAQ:AMZN) to lease 15 more Boeing 737-800s through GECAS

Amazon.com, Inc. (NASDAQ:AMZN) to lease 15 more Boeing 737-800s through GECAS Amazon.com Inc. AMZN, +0.81% said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. BA, +5.37% through a partnership with General Electric Co.’s GE, +3.68% GE Capital Aviation Services (GECAS). The 15 aircraft will be in addition to the five Boeing […]

Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones

Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones

Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones Apple AAPL is most likely to bring 5G to iPhones in 2020, per a latest report by analyst Ming-Cho Kuo, cited by TechCrunch and MacRumors. The latest report from this acclaimed analyst further supports rumors of Apple’s iPhone line-up missing out on 5G this year. The analyst believes […]

Bitcoin: USD/BTC (BTC=X) Looking Ahead

Bitcoin: USD/BTC (BTC=X) Looking Ahead

Bitcoin: USD/BTC (BTC=X) Looking Ahead Despite many investor’s laser-like focus on Bitcoin’s breathtaking rally, one currency that’s far outpacing Bitcoin and other cryptocurrencies is Litecoin, up about 340% this year as of today with a market value of $8.3 billion. The digital coin has grown at far more than double the pace of Bitcoin in […]

Facebook, Inc. (NASDAQ:FB) plans for a new cryptocurrency project called Libra

Facebook, Inc. (NASDAQ:FB) plans for a new cryptocurrency project called Libra

Facebook, Inc. (NASDAQ:FB) plans for a new cryptocurrency project called Libra Facebook FB announced today plans for a new cryptocurrency project called Libra. The much-anticipated news was welcomed by eager Wall Street analysts who are raving about where this new venture can take Facebook in the future. Some analysts have even gone so far as […]

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks

United States Oil (USO) rose more than US$1 a barrel after news that China and the United States were resuming trade talks Oil prices rose more than US$1 a barrel on Tuesday after news that China and the United States were resuming trade talks ahead of a meeting at the G-20 summit later this month, […]

Tesla, Inc. (NASDAQ:TSLA) facing doubts over meeting its production goals

Tesla, Inc. (NASDAQ:TSLA) facing doubts over meeting its production goals

Tesla, Inc. (NASDAQ:TSLA) facing doubts over meeting its production goals Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company’s ability to hit its production goals for the second quarter. The automaker’s stock rose by as much as 4.3% Tuesday and is up by more than 7% over the last four […]

NASDAQ Composite (.IXIC) stocks lifted by hopes for Fed and US-China trade

NASDAQ Composite (.IXIC) stocks lifted by hopes for Fed and US-China trade

NASDAQ Composite (.IXIC) stocks lifted by hopes for Fed and US-China trade Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, with equities getting an extra boost from confirmation that U.S. President Donald Trump would meet China’s president to talk about trade. […]

Alphabet Inc. (NASDAQ:GOOG) inject $1 Billion To Try To Tame Housing Costs In SF Bay Area

Alphabet Inc. (NASDAQ:GOOG) inject $1 Billion To Try To Tame Housing Costs In SF Bay Area

Alphabet Inc. (NASDAQ:GOOG) inject $1 Billion To Try To Tame Housing Costs In SF Bay Area Google is committing $1 billion to try to provide more affordable housing in the San Francisco Bay Area, where big tech firms have been blamed for putting home prices out of reach for anyone without a rich stock-option plan. […]

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market

Australian Dollar: USD/AUD (AUD=X) June Economic Sentiment data shocked market The slump rally that had begun on June 9 got slightly diverted in today’s trading session. The pivotal point for the reversal was 0.6835 levels. The pair had started the day near 0.6855 levels and continued the downtrend. The early slip in the AUD/USD pair […]

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels Wells Fargo said that gold could hit $1,400 an ounce soon, but still cautioned investors from buying the precious metal at current price levels, noting that the metal’s downside potential is much higher than its upside. “It wouldn’t shock us […]

Shanghai: SSE Composite Index (.SSEC) end higher as political tensions over extradition bill subside

Shanghai: SSE Composite Index (.SSEC) end higher as political tensions over extradition bill subside

Shanghai: SSE Composite Index (.SSEC) end higher as political tensions over extradition bill subside Hong Kong and China stocks rose on Tuesday, as investors remained cautiously optimistic ahead of a US Federal Reserve policy meeting and amid cooling political tensions over a controversial legislation in the city. The Hang Seng Index climbed 1 per cent […]

Euro: USD/EUR (EUR=X) Federal Reserve announcement today

Euro: USD/EUR (EUR=X) Federal Reserve announcement today

Euro: USD/EUR (EUR=X) Federal Reserve announcement today The Euro initially tried to rally during the trading session on Tuesday but has rolled over after Mario Draghi suggested that the ECB was opened to more quantitative easing. This of course put bearish pressure on the Euro itself, and therefore has the market repricing where the common currency […]

Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher

Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher

Japanese Yen: USD/JPY (JPY=X) wait for another pullback higher Yesterday I opened two sell forex signals in AUD/USD and USD/JPY. USD/JPY had been retracing higher for the last two weeks after the strong decline three weeks ago, which looked like a good opportunity to sell since the pullback was overstretched. On the other hand, AUD/USD […]

British Pound: USD/GBP (GBP=X) rattled by Boris Johnson and Hard Brexit rhetoric

British Pound: USD/GBP (GBP=X) rattled by Boris Johnson and Hard Brexit rhetoric

British Pound: USD/GBP (GBP=X) rattled by Boris Johnson and Hard Brexit rhetoric The British Pound remains weak in the face of heightened hard Brexit fears ahead of the second round of voting for the Conservative leader sip. Brexiteer Boris Johnson is currently a strong odds-on favorite to win the roll with some bookmakers pricing Johnson at a […]

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

Silver 1 OZ 999 NY (XAG=X) struggling to get excited

Silver 1 OZ 999 NY (XAG=X) struggling to get excited Large speculators upped their bullish positioning in gold futures sharply for the third straight reporting week for data compiled by the Commodity Futures Trading Commission, but the net long has risen so fast that some market watchers now wonder if gold prices might not be due for […]

Hong Kong: HANG SENG INDEX (.HSI) gains aided by strong inflows from the mainland even as the protests subsided

Hong Kong: HANG SENG INDEX (.HSI) gains aided by strong inflows from the mainland even as the protests subsided

Hong Kong: HANG SENG INDEX (.HSI) gains aided by strong inflows from the mainland even as the protests subsided Hong Kong stocks closed higher on Tuesday, extending a rally from the previous session, aided by strong inflows from the mainland even as the protests subsided. The Hang Seng index ended up 1.0% at 27,498.77 points, […]

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares The local market finished Tuesday’s session at a 12-year closing high, buoyed by comments out of the Reserve Bank which seemed to confirm further cuts to the official cash rate were ahead. At the close of trade, the ASX […]

New Zealand Dollar: NZD/USD (NZD=X) hovering near the 0.65 mark

New Zealand Dollar: NZD/USD (NZD=X)  hovering near the 0.65 mark

New Zealand Dollar: NZD/USD (NZD=X) hovering near the 0.65 mark It has been a quiet start to an action-packed week, with modest movements in equities, bonds and currency markets. The NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850. Markets are in a holding pattern, with focus firmly directed […]

Tesla, Inc. (NASDAQ:TSLA) Elon Musk becomes Daddy DotCom

Tesla, Inc. (NASDAQ:TSLA) Elon Musk becomes Daddy DotCom

Tesla, Inc. (NASDAQ:TSLA) Elon Musk becomes Daddy DotCom Serial-tweeting Tesla CEO Elon Musk said on Twitter Sunday night that he “just deleted” his account, 10 months after his use of the social media site to pump up the electric car company’s investment prospects landed him in trouble with U.S. securities regulators. However, Musk’s account was […]

Amazon.com, Inc. (NASDAQ:AMZN) market share is still increasing

Amazon.com, Inc. (NASDAQ:AMZN) market share is still increasing

Amazon.com, Inc. (NASDAQ:AMZN) market share is still increasing Amazon’s market share didn’t just plummet out of nowhere. eMarketer merely overestimated Amazon’s historical sales, so it went back and updated those numbers based on the data Bezos provided in his letter to shareholders. Amazon’s share of online sales continues to climb under eMarketer’s new estimates. It’s […]

Tech-heavy NASDAQ Composite (.IXIC) outperforms broader market

Tech-heavy NASDAQ Composite (.IXIC) outperforms broader market

Tech-heavy NASDAQ Composite (.IXIC) outperforms broader market Empire State New York manufacturing survey drops by the most ever A reading of U.S. home-builder confidence falls Sotheby’s shares jump nearly 60% after report says auction house is set to be taken private U.S. stocks closed higher Monday on the back of strong gains in social media […]

JPMorgan Cuts Apple Inc. (NASDAQ:AAPL) Shipment Estimates By 4%

JPMorgan Cuts Apple Inc. (NASDAQ:AAPL) Shipment Estimates By 4%

JPMorgan Cuts Apple Inc. (NASDAQ:AAPL) Shipment Estimates By 4% Chatterjee cut his iPhone shipment estimates by 4% to 139.5 million units for the second to fourth calendar quarters. “The worsening macro environment and its likely impact on consumer spending globally are driving us to trim our iPhone shipment estimates, which in effect modestly lowers the […]

What Alibaba Group Holding Limited (NYSE:BABA) Investors Should Know About the 1-for-8 Proposal

What Alibaba Group Holding Limited (NYSE:BABA) Investors Should Know About the 1-for-8 Proposal

What Alibaba Group Holding Limited (NYSE:BABA) Investors Should Know About the 1-for-8 Proposal An Alibaba stock split proposal has been made by the company in an effort to increase its number of shares. Here’s what investors in Alibaba (NYSE:BABA) need to know about the stock split proposal. The Alibaba stock split would have the company dividing one […]

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains In the latest trading session, Twitter (TWTR) closed at $36.44, marking a +0.8% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.09%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.62%. Coming into today, shares of the short messaging service […]

Dow Jones Industrial Average (.DJI) US central bank is expected to leave borrowing costs unchanged

Dow Jones Industrial Average (.DJI) US central bank is expected to leave borrowing costs unchanged

Dow Jones Industrial Average (.DJI) US central bank is expected to leave borrowing costs unchanged Wall Street climbed on Monday, with Facebook, Apple and Amazon leading the way, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The US central bank […]

Bitcoin: USD/BTC (BTC=X) reaching its highest level in 13 months

Bitcoin: USD/BTC (BTC=X) reaching its highest level in 13 months

Bitcoin: USD/BTC (BTC=X) reaching its highest level in 13 months Bitcoin’s stunning spring continues: It soared past $9,300 Monday, reaching its highest level in 13 months. The cryptocurrency has risen 148% in 2019. Many investors are betting on more growth ahead. As JPMorgan (JPM), Fidelity and the New York Stock Exchange get into the cryptocurrency […]

Facebook, Inc. (NASDAQ:FB) new cryptocurrency could make big waves

Facebook, Inc. (NASDAQ:FB) new cryptocurrency could make big waves

Facebook, Inc. (NASDAQ:FB) new cryptocurrency could make big waves Facebook, Inc. (FB) shares rose nearly 3% during Monday’s session after analysts expressed optimism about its new cryptocurrency offering – Libra. The company will unveil a white paper on Tuesday related to the new cryptocurrency, which has already reportedly gained widespread support from industry partners and […]

United States Oil (USO) on the defensive

United States Oil (USO) on the defensive

United States Oil (USO) on the defensive Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. U.S. crude oil futures shed 0.08% to $51.89 per barrel after retreating 1.1% the previous […]

Metropole Hanoi’s GM William Haandrikman named “General Manager of the Year” in Asia for 2019

Metropole Hanoi’s GM William Haandrikman named “General Manager of the Year” in Asia for 2019

HANOI (June 18, 2019) – William Haandrikman, the General Manager of Sofitel Legend Metropole Hanoi, was named “General Manager of the Year” in Asia at the Stelliers Asia and South Asia 2019 awards ceremony on May 28. Haandrikman, who is also the Area General Manager for AccorHotels in the north of Vietnam, was presented with […]

Top 20 Busiest Airports in the World

Top 20 Busiest Airports in the World

Top 20 Busiest Airports in the World Last year we saw Hartsfield-Jackson Atlanta International Airport top the table, boasting the busiest airport in the world with nearly 104 million (based on 2017 figures), but did it retain its top spot in 2018? Read on to find out more… #1 Hartsfield-Jackson Atlanta International Airport (ATL) Holding […]

MALAYSIA AIRPORTS HOLDINGS BHD (MAHB:KL) launches Malaysia’s inaugural observation deck at KLIA

MALAYSIA AIRPORTS HOLDINGS BHD (MAHB:KL) launches Malaysia’s inaugural observation deck at KLIA

MALAYSIA AIRPORTS HOLDINGS BHD (MAHB:KL) launches Malaysia’s inaugural observation deck at KLIA Malaysia Airports Holdings Bhd (MAHB) today launched the country’s first outdoor aircraft observing deck (Anjung Spotter) at the Kuala Lumpur International Airport (KLIA). The deck is located at Jalan Pekeliling next to Runway 32 Left (32L) which MAHB said well-positioned to be the […]

Shanghai: SSE Composite Index (.SSEC) trading remains subdued as investors awaited cues from the U.S.-China trade negotiations

Shanghai: SSE Composite Index (.SSEC) trading remains subdued as investors awaited cues from the U.S.-China trade negotiations

Shanghai: SSE Composite Index (.SSEC) trading remains subdued as investors awaited cues from the U.S.-China trade negotiations Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the U.S.-China trade negotiations at the G20 summit later this month. At the close, the Shanghai Composite […]

Hong Kong: HANG SENG INDEX (.HSI) investors cheering a decision by the city to suspend plans to push through a controversial extradition law

Hong Kong: HANG SENG INDEX (.HSI) investors cheering a decision by the city to suspend plans to push through a controversial extradition law

Hong Kong: HANG SENG INDEX (.HSI) investors cheering a decision by the city to suspend plans to push through a controversial extradition law Hong Kong stocks rallied yesterday, leading many Asian markets higher after last week’s losses, with investors cheering a decision by the city to suspend plans to push through a controversial extradition law. […]

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar Gold has been unable to hold its recent 14-month high and is drifting back towards minor support around $1335/oz. after a Friday rebound in the US dollar. The greenback remains the primary driver for gold and this Wednesday’s FOMC meeting will be […]

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data

Euro: USD/EUR (EUR=X) Finds Support in Mixed Eurozone Wage Data Investors bought the Euro to US Dollar (EUR/USD) exchange rate back up from the lows it saw over the weekend today, as markets reacted to some disappointing US data. The pair’s potential for gains was limited though, amid Eurozone inflation concerns and anticipation for upcoming […]

Japanese Yen: USD/JPY (JPY=X) traders adjust positions ahead of this week’s interest rate

Japanese Yen: USD/JPY (JPY=X) traders adjust positions ahead of this week’s interest rate

Japanese Yen: USD/JPY (JPY=X) traders adjust positions ahead of this week’s interest rate The Dollar/Yen is trading higher on Monday as traders adjust positions ahead of this week’s interest rate and monetary policy statements from the U.S. Federal Reserve and the Bank of Japan. Increased demand for risky assets is also helping to support the […]

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average

Silver 1 OZ 999 NY (XAG=X) unable to convincingly break the 200-day moving average Silver’s recent break above $15.00 did not for long as the 200-day moving average, currently around $15.05, continues to act as strong resistance to a move higher. Silver has broken above the longer-dated moving average three times in the last two weeks […]

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines

Australian Dollar: USD/AUD (AUD=X) hit notable support level after recent declines AUD/USD has continued its declines, with the pair hitting the lowest level in five months. The outlook for the day will depend on the reaction to this $0.6865 support level. The hourly chart shows the move back towards trendline resistance, raising the likeliness of […]

Singapore: STI Index (.STI) more downside risks in 2019 growth

Singapore: STI Index (.STI) more downside risks in 2019 growth

Singapore: STI Index (.STI) more downside risks in 2019 growth SINGAPORE: The slump in Singapore’s non-oil domestic exports (NODX) may not be reversed anytime soon amid an unpredictable trade conflict between the United States and China, said economists. Two watchers of the local economy have cut their full-year forecasts for NODX – the most-watched figure […]

British Pound: USD/GBP (GBP=X) forecasts downgraded amid mounting election risks

British Pound: USD/GBP (GBP=X) forecasts downgraded amid mounting election risks

British Pound: USD/GBP (GBP=X) forecasts downgraded amid mounting election risks The Pound is facing a protracted period of weakness as the risk of a general election and socialist government mounts, according to new forecasts from ING Group, while the Dollar is just months away from a turn lower that brings its 18-month rally to an end […]

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