Dow Jones Industrial Average (.DJI) rebound ended a five-day losing streak Stocks closed broadly higher on Wall Street Tuesday, reversing a big slice of the market’s losses from a sharp sell-off the day before. The rebound ended a five-day losing streak for the Dow Jones Industrial Average fueled largely by fears that the spread of […]
NASDAQ Composite (.IXIC) reversed most losses from a sell-off the day before hares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong’s Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year holidays, while other Chinese markets […]
Apple Inc. (NASDAQ:AAPL) earnings and sales surge Apple Inc. shares ticked higher in aftermarket trading after the company posted record quarterly results for its holiday quarter Tuesday afternoon while easily topping expectations. The star of the quarter was the iPhone, as revenue for the category exceeded the FactSet consensus by more than $4 billion. Apple […]
Netflix, Inc. (NASDAQ:NFLX) Stock Is Up 28% In 4 Months Netflix (NASDAQ: NFLX) saw its stock price jump by almost 28% over the last four months, on account of better than expected international streaming growth and continuously improving profitability. Though the company beat revenue and earnings consensus for Q4 and FY 2019, the stock price […]
The Boeing Company (NYSE:BA) Q4 Earnings Preview On Wednesday, January 29, Boeing (NYSE: BA) will release its latest earnings report. Decipher the announcement with Benzinga’s help. Earnings and Revenue Wall Street analysts see Boeing reporting earnings of $1.39 per share on revenue of $21.06 billion. n the same quarter last year, Boeing posted EPS of $5.48 […]
Bitcoin: USD/BTC (BTC=X) next halving in May could send the currency to new all-time high Something to look forward to: While crypto enthusiasts are no doubt interested to see the effects of Bitcoin’s ‘halving’ slated for later this year, it looks like others are joining the fray. The question on everyone’s mind is whether 2020 […]
Ethereum: USD/ETH (ETH=) has been placed on a March 2020 call option with a strike at $600 More than $1.5 million has been placed on an Ethereum March 2020 call option with strikes at both $520 and $600. The bet means that the trader, or group of traders, believes Ethereum will surge by more than […]
United States Oil (USO) gains amid assessment of China virus impact, possible OPEC supply cuts Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also […]
Facebook, Inc. (NASDAQ:FB) Earnings Whispers Social media giant Facebook FB is set to release fourth-quarter fiscal 2019 results on Jan 29 after market close. The stock has returned 13.5% over the past three months, on par with the industry’s gain. The upside is expected to continue as Facebook is poised to beat the earnings estimate […]
Twitter, Inc. (NYSE:TWTR) Betting On A Sharp Drop Twitter Inc.’s (TWTR) stock has rebounded by around 12% since the middle of November, but that may be about to end after the social media company reports quarterly results. Options traders appear to be betting that the stock price declines by as much as 9% following those […]
Tesla, Inc. (NASDAQ:TSLA) Rises Ahead of Fourth-Quarter Earnings Tesla stock was rising on Tuesday, a day before the electric-car maker’s fourth-quarter earnings report and in the face of concerns over the outbreak of coronavirus in China. Tesla stock was rising on Tuesday, a day before the electric-car maker’s fourth-quarter earnings report and in the face […]
Strong trade at the 2020 New Zealand Yearling Sale Series Book 1 at Karaka this week delivered another huge vote of confidence in the Southern Hemisphere bred progeny of Triple Crown hero American Pharoah, who was the leading first season sire and also overall sire by average. American Pharoah had six yearlings offered and all […]
Silver 1 OZ 999 NY (XAG=X) price tumbles Silver markets have gotten hammered during the trading session on Tuesday, slicing through the 50 day EMA, breaking below the $17.65 level at the same time. Silver has struggled during the trading session and it now looks as if we are going to go much lower. That […]
Gold 1 OZ (XAU=X) investors taking profits Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold […]
Australian Dollar: USD/AUD (AUD=X) finding support The Australian dollar has broken down significantly during the trading session on Tuesday, even slicing below the 0.6750 level. However, we have seen some buying just below there so I believe that there is significant support between here and the 0.67 handle, so it’s very likely that the Australian […]
Japanese Yen: USD/JPY (JPY=X) investors react to a mixed performance in the global equity markets The Dollar/Yen is trading nearly flat on Tuesday as investors react to a mixed performance in the global equity markets. Helping to put a lid on the Forex pair is the plunge in Asia Pacific shares. Underpinning the Forex pair […]
Euro: USD/EUR (EUR=X) Looking For Support The Euro has been all over the place during the trading session on Monday, as traders trying to parse whether or not global demand is going to continue to slump, perhaps due to the coronavirus and China, which is the latest headline that a lot of the media is […]
British Pound: USD/GBP (GBP=X) currently testing support which could trigger a turn higher GBP/USD initially showed upward momentum yesterday but rolled over on the back of a strong dollar and has since declined to a one-week low. The pair is currently testing support which could trigger a turn higher. The week ahead is expected to […]
Canadian Dollar: USD/CAD (CAD=X) Coronavirus dominates headlines and hampers risk appetite The Canadian dollar inched lower overnight, continuing the trend that began following the Bank of Canada monetary policy meeting of January 22. That meeting is not entirely to blame for the Canadian dollar weakness, although it bears the bulk of the responsibility. The Bank […]
UK FTSE 100 (.FTSE) recovery rally gathering strength The FTSE 100 has rebounded from yesterday’s heavy sell-off, as a recovery rally gathered strength during the day. The UK blue-chip index closed 69 points, or 0.9% higher at 7,481, with stocks gaining a boost from a strong market open in the US. The Dow Jones rose […]
DAX PERFORMANCE-INDEX (.GDAXI) rising after sharp drop into Fibonacci support The DAX also saw huge losses yesterday, with the German index dropping into the 61.8% Fibonacci support level last night. The wider trend remains bullish, yet there is a distinct possibility of another bearish leg lower coming into play before long. Nevertheless, with the index […]
Bitcoin: USD/BTC (BTC=X) soars past the $US9,000 level Bitcoin tore through the $US9,000-per-coin level on Tuesday to hit its highest point since early November. The coin jumped as high as $US9,176.28 in Tuesday trading, trading up alongside other cryptocurrencies. Bloomberg’s Galaxy Crypto Index jumped as much as 1.7% to its loftiest level in more than […]
Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some Australian shares are set to recoup some of Tuesday’s losses at the open as China expands its effort to contain the coronavirus. Equities in both Europe and on Wall Street are rebounding. ASX futures were up 42 points or 0.6% to 6981 near 4.45am AEDT. […]
Hong Kong: HANG SENG INDEX (.HSI) sink on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea’s benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. China has extended its national […]
Bitcoin: USD/BTC (BTC=X) claim for being digital gold appears to have another piece of evidence in its corner Bitcoin’s claim for being digital gold appears to have another piece of evidence in its corner. In a day where global stocks plunged on concerns over the impact of the deadly coronavirus, the largest cryptocurrency gained as […]
Ethereum: USD/ETH (ETH=) platform stronger like never before Currently, Ethereum is in the progress of transiting from a Proof-of-Work consensus algorithm to a Proof-of-Stake arrangement when several improvements will be made. Chief amongst them will be the implementation of several scaling solutions that would likely cement the network as a dapp leader. Compared to Bitcoin […]
United States Oil (USO) plunged more than 15 percent over the past three weeks Oil prices have plunged more than 15 percent over the past three weeks, hitting their lowest levels since October as concerns about increased global production have been amplified by fears of the coronavirus outbreak in China hurting economic growth and energy […]
Facebook, Inc. (NASDAQ:FB) Q4 Preview: Buy FB Stock Before Earnings? Facebook FB is one of many tech giants scheduled to report its quarterly earnings results this week. FB shares have outperformed the S&P 500 and its industry over the last year despite continued backlash and political scrutiny. The Social Media Power’s Pitch Facebook’s pitch to […]
When will Tesla, Inc. (NASDAQ:TSLA) report its Q4 results? Tesla (TSLA) is set to report their fourth quarter, FY19 financial results on January 29 – after the market close. Fundamentals in focus To ignore Telsa’s improving fundamentals would be disingenuous. Even so, many commentators – while acknowledging the company’s ability to generate top-line growth, have […]
Tougher competition and a potential antitrust crackdown loom over Alibaba Group Holding Limited (NYSE:BABA) near term Without a doubt, Alibaba (NYSE:BABA) has many huge opportunities, including the growth of its cloud business, the continued expansion of e-commerce in China, and the company’s overseas growth. All of these positive catalysts could easily propel Alibaba stock much […]
Dow Jones Industrial Average (.DJI) investors grappled with fresh worries about the spread of a new virus in China that threatens global economic growth The sell-off gave the Dow its first 5-day losing streak since early August and handed the S&P 500 its worst day since early October. Both indexes were off about 1.5 percent, […]
What to Look For in Apple Inc. (NASDAQ:AAPL) First-Quarter Earnings Apple (NASDAQ:AAPL) will report earnings on Jan. 28 after market close. Broader indices, as well as many stocks like AAPL, remain near all-time highs. Year-to-date, Apple shares are up about 5.4%. Yet the new week is already promising to be a volatile one. So today I’ll […]
A Brilliant Win for Pride of Dubai A brilliant dual Group I winner at two, Pride of Dubai is passing on his talent and trainability to his first crop of two year-olds with Sense of Honour (2f Pride of Dubai x Little Miss Smiley, by Husson) scoring a dominant debut victory at Sandown on Monday. […]
UK FTSE 100 (.FTSE) hit by heavy sell-off as coronavirus fears spread The FTSE 100 has tumbled 2.2% as fears over the coronavirus spread, after the death toll in China rose to 81 and the number of cases reported worldwide hit 2,744. The UK blue-chip index slumped 165 points, or 2.2%, to 7,421 wiping out all […]
Canadian Dollar: USD/CAD (CAD=X) Continues to Slide The Canadian Dollar’s rough January continues. After a promising start to the year amid a surge in crude oil prices, the acute de-escalation in US-Iranian tensions provoked a dramatic plunge across energy markets. With the Chinese coronavirus on the march (transmissibility appears to be at pandemic levels), traders […]
British Pound: USD/GBP (GBP=X) Manufacturing PMI Points to Contraction GBP/USD is trading sideways on Monday. Currently, the pair is trading at 1.3082, up 0.14% on the day. The pound managed to post slight gains over the week, its first winning week of the year. On the economic front, we’ll get a look at mortgage approvals […]
Euro: USD/EUR (EUR=X) Looking For Support The Euro has been all over the place during the trading session on Monday, as traders trying to parse whether or not global demand is going to continue to slump, perhaps due to the coronavirus and China, which is the latest headline that a lot of the media is […]
Japanese Yen: USD/JPY (JPY=X) global growth concerns continue to be a major issue The US dollar has gapped lower against the Japanese yen to kick off the week on Monday, as global growth concerns continue to be a major issue, especially now that the Chinese are starting to close down entire cities. With that being […]
Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning Wall Street’s main indexes fell more than 1 per cent on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to […]
Silver 1 OZ 999 NY (XAG=X) Prices Attempt to Rally Silver prices attempted to push higher, but prices were rejected at higher levels. While the coronavirus has added volatility and uncertainty as it pertains to growth, the safe haven natural of silver demand helped buoy prices. Gold continued to rally, breaking out of a cup […]
Gold 1 OZ (XAU=X) Likely to be Bid as Coronavirus Fears Intensify Gold prices are trading steady at the mid-session on Monday. The market is being supported by a drop in U.S. Treasury yields and lower demand for risky assets. Earlier in the session, gold jumped 1% to a near-three-week high as growing concerns that […]
Australian Dollar: USD/AUD (AUD=X) lower as the world goes into a major “risk off” mode The Australian dollar has struggled quite a bit during the trading session on Monday, as the world goes into a major “risk off” mode as China is closing entire cities due to the coronavirus outbreak. Beyond that though, most economic […]
Bitcoin: USD/BTC (BTC=X) sees substantial increases, driven by fear Futures for safe-haven assets spiked before the weekend closing and traders considered a host of factors. Gold, Bitcoin, and precious metals all saw substantial increases, driven by fear. International news turned ugly, with increasing concern about the widespread coronavirus in Wuhan, China. Two cases have already […]
Ethereum: USD/ETH (ETH=) Subject To A Bullish Breakout The Ethereum bulls have been forced to give up momentum over the last trading week, following a straight run higher of some four weeks. ETH/USD rallied over 47% from $122 up to the recent highs of $180. The price was able to hit the highest seen since […]
United States Oil (USO) Saudi Arabia’s energy minister seeks to calm the market Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand, even as Saudi Arabia’s energy minister sought to calm the […]
Tesla, Inc. (NASDAQ:TSLA) market value surpassed the $100 billion mark The U.S. electric car company Tesla has topped Germany’s Volkswagen to become the second most valuable automaker in the world. The electric car maker’s market value surpassed the $100 billion mark this week, overtaking Volkswagen’s approximate $99 billion. Both car companies still trail far behind […]
Dow Jones Industrial Average (.DJI) caution in chasing the market higher The Dow Jones remains elevated as tech and defensive sectors underpin the index. However, we see caution in chasing the market higher amid rising risks of a potential correction. Unlike the Chinese stock market (Hang Seng & Shanghai Composite), the latest concerns surrounding the […]
NASDAQ Composite (.IXIC) firms heading into earnings season Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than US$1 trillion since October. Now the world finds out if the rally made any sense. Twenty-six constituents are due to report quarterly results next week, […]
Amazon.com, Inc. (NASDAQ:AMZN) Not Happy Microsoft (NASDAQ:MSFT) has been on a roll the past year as everything it touches seems to turn to gold. As a result, Microsoft stock has generated a one-year total return of 57%, almost four times greater than Amazon (NASDAQ:AMZN), its biggest rival in the race to dominate the cloud. In […]
Gold 1 OZ (XAU=X) markets continued to absorb the potential effects of the coronavirus that is spreading throughout China Gold prices moved higher on Friday as the markets continued to absorb the potential effects of the coronavirus that is spreading throughout China. A second case was uncovered in the United States ahead of the weekend. […]
Facebook, Inc. (NASDAQ:FB), Amazon and Apple set records in annual spending on lobbying Facebook Inc., Amazon.com Inc. and Apple Inc. spent record amounts on lobbying in 2019, with Mark Zuckerberg’s social-media company leading the so-called FAANG companies in outlays aimed at influencing Washington, according to disclosures filed late Tuesday. Facebook FB, -0.70% shelled out $16.7 million […]
Bitcoin: USD/BTC (BTC=X) fighting to hold $8,400 during crucial market cycle BITCOIN is currently gripped in a tight channel of resistance as opposing market forces attempt to move it away from recent stability. The volatility which normally defines cryptocurrency had been largely ever-present as BTC bounced between $6,800 and $8,600 during recent months before a […]
United States Oil (USO) steady but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the […]
Ethereum: USD/ETH (ETH=) holding steady for another day following a slight pullback Since the beginning of 2020 Ethereum has outperformed bitcoin. In just three weeks the world’s second most popular crypto asset has surged 33% while its big brother has made just over 20%. Since the weekend’s minor pullback ETH prices have been building slowly […]
Tesla, Inc. (NASDAQ:TSLA) Exceeds $100 Billion Market Cap in Latest Stock Rally Tesla’s stock reached an all-time high on Wednesday when it opened at $571 per share, hoisting the company over the $100 billion market cap and making it the most valuable U.S. carmaker. Globally it comes in second behind only Toyota. The market cap […]
Dow Jones Industrial Average (.DJI) – US Indexes End Mostly Flat Again on Thursday The Dow Jones Industrial Average closed at 29,160.09 on Thursday with a loss of 26.18 points or -0.09%. The S&P 500 closed at 3,325.54 for a gain of 3.79 points or 0.11%. The Nasdaq Composite closed at 9,402.48 for a gain […]
NASDAQ Composite (.IXIC) edges to record as investors monitor China virus Wall Street stocks finished mostly higher on Thursday (Jan 23), with the Nasdaq edging to a fresh record, despite worries over the coronavirus in China. Stocks opened solidly lower on worries the sickness could spread and dent the global economy. But sentiment shifted after […]
Apple Inc. (NASDAQ:AAPL) s Quietly Expanding its Artificial Intelligence Ecosystem Apple (NASDAQ: AAPL) recently acquired Xnor.ai, a Seattle-based start-up that develops low-power, edge-based artificial intelligence tools. Apple didn’t disclose the terms of the deal, but GeekWire claimed that the deal was worth about $200 million. Apple reportedly paid a similar amount for Turi, another Seattle-based company that […]
Amazon.com, Inc. (NASDAQ:AMZN) seeks restraining order on Pentagon’s $10 billion contract with Microsoft The U.S Department of Defense had announced its plans of increasing efforts towards ensuring better, easier, and efficient access for the U.S military to technology and data from remote locations in 2019. The contract worth $10 billion was named Joint Enterprise Defense […]
Alibaba Group Holding Limited (NYSE:BABA) Stock Could Climb Further With Alibaba (NYSE:BABA) stock just off its 52-week high, is now a good time to buy the shares? After treading water in the middle of 2019, Alibaba stock has rallied since November, with investors no longer discounting the company due to the trade war. As a […]
FTSE Bursa Malaysia KLCI (.KLSE) closes lower in line with regional markets Bursa Malaysia ended lower today, dragged by losses in index-linked heavyweights like Maybank, Tenaga and Petronas Chemicals, in line with the bearish performance of regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.54 points to 1,574.44 from yesterday’s […]
Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated. The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 200 day EMA. […]
Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick. That being the case, if we break down below the bottom of the candlestick for the Wednesday […]
Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]
British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’ The pound is clinging to yesterday’s gains against the US dollar, leaving the pairing trading around $1.312. Sterling was able to hold onto Wednesday’s gains against the dollar thanks to the reduced odds of the Bank of England (BoE) cutting interest rates at next […]
Canadian Dollar: USD/CAD (CAD=X) Slides As Bank Of Canada “Sounds Alarm” And Coronavirus Prompts Oil Prices To Tumble 4% The Canadian dollar exchange rates suffered a doubly whammy on Wednesday afternoon after contrary to many analyst expectations the Bank of Canada (BoC) statement was “extremely dovish”. “In December they said inflation was “consistent with an […]
Shanghai: SSE Composite Index (.SSEC) stocks plunge over virus scare Hong Kong equities tumbled on Thursday morning trade as investors took flight over the deadly Sars-like virus that has spread from the mainland. The Hang Seng Index fell 1.7 percent, to 27,872 at the break. On the mainland, the Shanghai Composite Index fell 2.4 percent, […]
UK FTSE 100 (.FTSE) falls 0.9% as China virus fears hit miners & travel stocks Fears of the economic impact from a coronavirus contagion in China grew today, sending the UK stock market down nearly 1%. The FTSE 100 gave up 0.9% or 64 points to close at 7,507, its steepest grop in nearly two […]
DAX PERFORMANCE-INDEX (.GDAXI) struggles to hold onto record territory German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index (DX:DAX) pushed into record territory earlier in the day, rising to a high of 13,640.06, […]
Bitcoin: USD/BTC (BTC=X) Reversal Necessary In Journey to $9,200 Bitcoin has had an interesting start of the year following the bull-run that catapulted it from lows at $6,500 in December to highs close to $9,200. The gains have seen experts in the industry including the co-founder of Fundstrat, Tom Lee who recently that he expects […]
Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits The ASX 200 dropped 0.6 per cent to 7,088 points at its close. Losses were seen across the board, with energy and industrial stocks leading the falls. “It’s still the best month we’ve had in more than eight years and the best start […]
Wuhan virus scare pushes Hong Kong: HANG SENG INDEX (.HSI) down 1.5 percent Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly Sars-like virus that has spread from China. The Hang Seng Index fell 1.5 percent, to end at 27,909. Travel sector and airline shares were hit badly . […]
Silver 1 OZ 999 NY (XAG=X) trying to find a bit of support Silver markets pulled back a bit during the trading session on Thursday to test the 50 day EMA, an area that a lot of traders will be paying attention to. At this point, the market has been a bit listless, but let […]
Gold 1 OZ (XAU=X) plenty of support near the $1550 level Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip. Gold markets […]
Singapore: STI Index (.STI) Inflation Rises In December Singapore’s consumer price inflation rose more-than-expected in December, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Thursday. The consumer price index rose 0.8 percent year-on-year in December, following a 0.6 percent increase in November. Economists had expected a 0.7 […]
United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes […]
Facebook, Inc. (NASDAQ:FB), Amazon and Apple set records in annual spending on lobbying Facebook Inc., Amazon.com Inc. and Apple Inc. spent record amounts on lobbying in 2019, with Mark Zuckerberg’s social-media company leading the so-called FAANG companies in outlays aimed at influencing Washington, according to disclosures filed late Tuesday. The spending — which already was […]
Ethereum: USD/ETH (ETH=) outperforming bitcoin Since the beginning of 2020 Ethereum has outperformed bitcoin. In just three weeks the world’s second most popular crypto asset has surged 33% while its big brother has made just over 20%. Since the weekend’s minor pullback ETH prices have been building slowly higher, reaching $170 a few hours ago […]
Regulation will see Bitcoin: USD/BTC (BTC=X) go mainstream in the UK Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms […]
Facebook, Twitter, Inc. (NYSE:TWTR) withheld data that could prove refugee’s innocence in murder case, attorneys say Omar Ameen is an Iraqi refugee accused of carrying out an ISIS hit in Iraq in 2014 before coming to the United States. His attorneys claim he’s innocent, and was actually 600 miles away at the time of murder […]
Tesla, Inc. (NASDAQ:TSLA) Exceeds $100 Billion Market Cap in Latest Stock Rally Tesla’s stock reached an all-time high on Wednesday when it opened at $571 per share, hoisting the company over the $100 billion market cap and making it the most valuable U.S. carmaker. Globally it comes in second behind only Toyota. The market cap […]
Alphabet Inc. (NASDAQ:GOOG) trillion-dollar mark won’t be the end of the near-term gains in stock, according to history Alphabet topped the $1 trillion mark in market capitalization last week, becoming the fourth technology company — behind Apple, Microsoft and Amazon — to hit this milestone. Alphabet shares have jumped over 10% in the past month […]
Dow Jones Industrial Average (.DJI) Still Rise Despite Mixed Bag With Earnings With more marquee companies, including some members of the Dow Jones Industrial Average, stepping into the earnings confessional over the last 24 hours, there were ample headlines to move stocks Wednesday. While there was action to be had, gains for broader benchmarks were […]
NASDAQ Composite (.IXIC) at record as IBM soars The S&P 500 and the Nasdaq have scaled new highs as an upbeat forecast from IBM added to optimism over earnings, while China’s efforts to contain a virus outbreak eased worries about a wider financial fallout. IBM shares jumped 4.1 per cent after it forecast full-year profit […]
A $2-trillion Apple Inc. (NASDAQ:AAPL) stock valuation is not out of the question if it reaches this goal In one week, Apple (NASDAQ:AAPL) will announce its first-quarter results. Up more than 100% over the past year, Apple stock continues to be a godsend for Warren Buffett and Main Street investors alike. I don’t know what […]
High expectations may have left Amazon.com, Inc. (NASDAQ:AMZN) stock poised to fall Certain numbers – especially those with lots of zeros – hold great significance for stock-market traders. Amazon (NASDAQ:AMZN) stock has teased the psychologically significant $2,000 hurdle by touching it several times since the summer of 2018. But each and every time, Amazon stock […]
Australia: S&P/ASX 200 (.AXJO) smashes new records Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia before it even […]
Hong Kong: HANG SENG INDEX (.HSI) regains some lost ground despite virus jitters Hong Kong shares recovered some of the previous day’s sharp losses on bargain-buying on Wednesday but traders remain on edge as they await developments linked to the deadly Sars-like virus that has spread from China. The Hang Seng index climbed 1.3 percent, […]
Silver 1 OZ 999 NY (XAG=X) Falls Off 18.00 Pedestal Silver prices fell sharply on Tuesday, as the decline of 1.7% was the sharpest one-day drop since December 6. With a lack of U.S. fundamental releases until Thursday, any moves on Wednesday will be subject to technical factors, barring any major geopolitical developments. We’ll get […]
Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold fell 0.3% to $1,553.27 per ounce by 0133 […]
Singapore: STI Index (.STI) Stock Market May Take Further Damage The Singapore stock market has moved lower in two straight sessions, giving away more than 35 points or 1.1 percent along the way. The Straits Times Index now rests just above the 3,245-point plateau and it’s expected to open under pressure again on Wednesday. The […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower dragged by losses in banking stocks Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday’s close […]
Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over The Australian Dollar is trading flat against the U.S. Dollar on Wednesday after early session weakness drove the currency into its lowest level since December 11. This means that the entire Phase One U.S.-China trade deal premium has been wiped […]
Japanese Yen: USD/JPY (JPY=X) Light Short-Covering as Safe-Haven Demand Eases The Dollar/Yen is trading slightly better on Wednesday and inside yesterday’s trading range. This typically indicates investor indecision and impending volatility. There was no follow-through to the downside, following yesterday’s steep break. The price action is being fueled by an easing of tensions over the […]
Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]
British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance The pound to dollar exchange rate is attempting to post a third consecutive day of gains and is probing a notable resistance area. GBP/USD turned higher on Monday and extended gains yesterday after an upbeat UK jobs report. Sterling has been particularly sensitive to incoming data as […]
Canadian Dollar: USD/CAD (CAD=X) Price Skyrockets Over $1.31 On Dovish Bank Of Canada Statement The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. Fundamental analysis: BoC unexpectedly dovish Bank of Canada left its key policy rate […]
Shanghai: SSE Composite Index (.SSEC) Trade war is 2 years old, but China escapes with flesh wound It was this day in 2018 that President Donald Trump fired the first salvo against China by raising tariffs on solar equipment and washing machines. The series of tariff hikes that ensued has slowed growth in the world’s […]
UK FTSE 100 (.FTSE) slides as strong pound offsets positive session for housebuilders The FTSE 100 closed lower after the strengthening pound pressed on the index following a bright morning driven by good performances from housebuilders. London’s top flight closed 38.78 points lower at 7,571.92 at the end of trading on Wednesday. It was a […]
DAX PERFORMANCE-INDEX (.GDAXI) starts to show signs of potential resurgence The DAX has been drifting lower over the course of the week, with the index giving back some of the gains seen last Wednesday. However, this is likely to be a short-term phenomenon which ultimately resolves with a move higher for the index. This hourly […]
