Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value The Australian dollar has pulled back to fair value during the trading session on Monday as we continue to see a lot of noise when it comes to the US/China trade talks, essentially going nowhere as expected. Unfortunate for Australia, the Australian dollar is highly sensitive […]
British Pound: USD/GBP (GBP=X) traders focus on the Brexit The British pound fell during most of the trading session on Monday as traders ponder the idea of breaking above the 200 day EMA. Regardless of what you believe about the Brexit situation, it’s relatively obvious that the market has got ahead of itself in the last couple […]
New Zealand Dollar: NZD/USD (NZD=X) seem to be tracing out a bullish Head and Shoulders The New Zealand Dollar may be carving out a bottom against its US counterpart. Prices seem to be tracing out a bullish Head and Shoulders (H&S) reversal pattern having tested four-year support in the 0.6197-0.6268 area. Positive RSI divergence points to ebbing […]
Bitcoin: USD/BTC (BTC=X) Faces Drop Below $8,000 Bitcoin appears likely to drop below $8,000, despite having scaled a widely tracked technical resistance level. The top cryptocurrency by market value is trading above the 20-day moving average for the first time since mid-September. The MA line was crossed multiple times over the weekend, but on each […]
Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday’s close. The benchmark S&P/ASX200 index rallied hard at the open but then gave up half of its gains later […]
Canadian Dollar: USD/CAD (CAD=X) likely to stay in a consolidation phase Despite the subdued trading action on Monday amid the Columbus Day holiday in the United States (US) and the Thanksgiving Day holiday in Canada, the USD/CAD pair inched higher on Monday as the sharp drop witnessed in crude oil prices weighed on the commodity-related […]
Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]
Shanghai: SSE Composite Index (.SSEC) benchmark index rises above 3,000 for first time in a month China stocks rose on Monday, with the benchmark Shanghai Composite Index going past the 3,000 level for the first time in nearly a month amid expectations of trade deal between presidents Xi Jinping and Donald Trump next month. A […]
US President Donald Trump warned Monday that Turkey faces imminent sanctions over its incursion into northeastern Syria against Kurdish militia, but also signalled that Washington would avoid armed conflict with Ankara. “Big sanctions on Turkey coming!” Trump said, after Turkish attacks stepped up over the weekend on the Syrian Kurds, who had allied with the […]
Silver 1 OZ 999 NY (XAG=X) gains as geopolitical worries resurface Gold and silver prices are moderately higher in midday U.S. trading Monday, on some safe-haven demand as trader and investor risk aversion is a bit keener to start the trading week. December gold futures were last up $7.10 an ounce at 1,495.80. December Comex silver prices were last up $0.116 at […]
Internet gaming phenomenon Fortnite has temporarily gone offline, leaving millions of addicted gamers wondering what to do with themselves, after a massive asteroid brought the latest season to an end. Epic Games, Fortnite’s creators, announced that season ten of the shoot-’em-up survival video game would end on October 13 and many users expected season eleven […]
Japanese Yen: USD/JPY (JPY=X) target 109.75-84 From the daily chart, we notice at the start of last week USD/JPY rallied above the 50-Day moving average, then on Thursday moved to a higher trading zone 107.30 – 108.61. On Friday, the price rebounded nearby the high end of the zone, similarly to EUR/JPY. Hence, a close […]
Hong Kong: HANG SENG INDEX (.HSI) higher as investors cheered progress on US-China trade talks Asian markets traded in the green Monday as investors cheered progress on US-China trade talks. China’s Shanghai Composite Index (SHCOMP) improved 1.4%, following a 0.9% rise on Friday. South Korea’s Kospi (KOSPI) also jumped up 1.4%. The Kospi ended positive […]
DAX PERFORMANCE-INDEX (.GDAXI) starts to ease back after blockbuster rally The DAX enjoyed an impressive rally to close out last week, with the index reaching a two-month high. With such a sharp rise in play on Friday, the sentiment seems to be shifting as we start this week. This could simply be a retracement, but given the […]
Euro: USD/EUR (EUR=X) still in a downtrend The Euro has done very little during the trading session on Monday, as the market is sitting at the 50 day EMA. This is obviously an area that is going to cause some issues, as market participants are looking at both the technical analysis and wondering exactly what just […]
Singapore: STI Index (.STI) investor sentiment improved following last week’s high-level trade negotiations between the United States and China Asia Pacific markets rose across the board on Monday as investor sentiment improved following last week’s high-level trade negotiations between the United States and China. Mainland Chinese markets traded up at the close: The Shanghai composite […]
UK FTSE 100 (.FTSE) and pound subdued The FTSE 100 index ended lower on Monday, weighed down by recent gains from the pound on Brexit deal hopes although the UK currency slipped back, while US stocks were only modestly higher in thin trade on Columbus day as China/US trade deal optimism cooled. At the close, […]
Two British former investment bankers are on trial in Germany for their role in orchestrating an equity trading scheme known as “cum-ex” between 2006 and 2011, which pocketed hundreds of millions of dollars from taxpayers. German papers have called it the most complicated tax fraud trial in modern German history, but the cum-ex scandal could […]
Britain and the European Union on Monday enter a pivotal week that determines if they are still on course to reach amicable divorce terms — and when Brexit might finally occur. Queen Elizabeth II is due to step into the fray by performing her ceremonial duty of informing parliament about the government’s agenda for the […]
Ethereum: USD/ETH (ETH=) Fails to Break Above Critical BTC Resistance Level Ethereum and the aggregated crypto markets have been able to incur some tempered bullishness today after facing notable selling pressure over the past couple of days, but analysts are still weary of where ETH and other altcoins will head in the near-term. Importantly, one […]
Australia on Monday announced the country’s consumer watchdog would investigate mortgage pricing after the country’s largest banks refused to pass on recent interest rate cuts in full. The central bank’s official cash rate has been lowered three times this year amid fears about the flagging domestic economy and now stands at a record low of […]
Russian President Vladimir Putin will visit Saudi Arabia on Monday, where he is set to seal oil agreements as well as use his influence to defuse rising tensions in the Gulf. The meeting with King Salman and Crown Prince Mohammed bin Salman comes following attacks on Saudi oil installations that Riyadh and the US have […]
United States Oil (USO) prices ease on scant details of U.S.-China trade deal Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged […]
Bitcoin: USD/BTC (BTC=X) Price In a Sideway Before Next Bull Run More than two weeks have passed since the Bitcoin price dropped from $9,600 to $8,300; BTC has settled itself in the $8,000- $8,600 corridor. However, the community is expecting the growth of main cryptocurrency and popular analysts agreed that the compressed fractal can signal that Bitcoin […]
Asian investors on Monday cheered a partial trade deal between China and the United States, sending regional markets rallying, though observers were sceptical about the overall significance of the agreement. Dealers took their lead from a strong performance on Wall Street after top-level negotiators ended two days of talks saying US tariffs due to take […]
Hong Kong: HANG SENG INDEX (.HSI) on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation Regional sharemarkets are on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation due this week on $US250 billion of Chinese exports set for US […]
New Zealand Dollar: NZD/USD (NZD=X) traders react to the positive news of a partial trade deal between the United States and China The Australian and New Zealand Dollars finished higher last week as traders reacted to the positive news of a partial trade deal between the United States and China. The development helped change the […]
Singapore: STI Index (.STI) expected to rise as hopes of progress in US-China trade talks lifted risk appetite Stocks in Asia rallied strongly on Friday to end the week on a high note as hopes of progress in US-China trade talks lifted risk appetite. Some regional bourses posted their best showing in weeks while in […]
Australia: S&P/ASX 200 (.AXJO) set to rise after the announcement of a partial trade deal between China and the US Australian shares are set to rise after the announcement of a partial trade deal between China and the US triggered a rally in markets. The preliminary, partial deal was the biggest step toward resolving a […]
Ethereum: USD/ETH (ETH=) could extend its decline towards the $175 This past week, ETH started a strong rise above the $175 resistance against the US Dollar. Moreover, the pair broke the key $185 resistance area and settled above the 100 simple moving average (4-hours). It opened the doors for more gains above the $190 resistance. […]
Shanghai: SSE Composite Index (.SSEC) investors cheer signs of progress in the ongoing US-China trade talks China stocks rose on Friday to end the four-session week higher, as investors cheered signs of progress in the ongoing US-China trade talks. The blue-chip CSI300 index rose 1.0 per cent, to 3,911.73, while the Shanghai Composite Index closed […]
Canadian Dollar: USD/CAD (CAD=X) attention now shifting to Canadian inflation and US retail sales data USD/CAD comes into focus following another robust Canada jobs report with attention now shifting to Canadian inflation and US retail sales data on deck next week. Spot USD/CAD prices threaten to continue drop seeing that the currency pair plunged beneath its uptrend […]
Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]
Bitcoin: USD/BTC (BTC=X) price attempts another recovery Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily. Bitcoin rallied throughout the week from a low of $7,760 on Oct. 7 to over $8,800 where it was rejected around the 200 Day Moving Average (MA) on Oct. […]
Australian Dollar: USD/AUD (AUD=X) upward momentum builds AUD/USD briefly eclipsed its downward sloping trendline after jumping above its 50-day SMA early during Friday’s trading session. I noted earlier that the Australian Dollar hinged on US-China trade talks and progress made by the US and China this week toward reaching a trade deal (deemed a phase 1 trade agreement by […]
On the face of it, Ellie Woodcock’s organic farm two hours south of London shouldn’t be affected by Britain’s impending departure from the European Union. “We don’t export anything, so that wouldn’t affect my farm. We sell very much directly to the English public and quite locally,” she told AFP. But even with no customs […]
The Chinese high-tech companies blacklisted by Washington over alleged ties to rights abuses are rising stars in China’s ambitious drive to overtake the United States in the technology sector. They make surveillance cameras, facial recognition software and other technology that has become ubiquitous in Xinjiang, the heavily policed northwestern region where an estimated one million […]
British Pound: USD/GBP (GBP=X) to be moved by Brexit news The GBP/USD exchange rate is trading at 1.2644 at the start of the new week after rising 2.54% in the week before. Studies of the charts suggest the pair is at an important crossroads with further upside dependent on a clear break out of the […]
Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production The Euro-to-Dollar exchange rate is trading at around 1.1035 at the start of the new week after rising 0.27% in the week before. Studies of the charts are showing the potential for more upside in the short-term dependent on a break to new highs. […]
Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility The Silver markets initially tried to rally during the trading session on Friday but continues to find a lot of resistance above at the downtrend line that forms the major wedge that I have marked out. Beyond that, there is support underneath, […]
DAX PERFORMANCE-INDEX (.GDAXI) Market Increase Bets for a Brexit Deal DAX Index started higher the trading session as positive news crossing the wires from the Brexit front. EU’s Donald Tusk said that after PM Boris Johnson met his Irish counterpart Leo Varadkar yesterday, “both saw for the first time a pathway to a deal”. Improved sentiment […]
Amid Brexit deal hopes, UK Plc outshines UK FTSE 100 (.FTSE) Hopes that Britain will seal a Brexit deal saw unloved London-listed companies with exposure to the domestic economy rise more than blue-chip stocks on Friday, for the first time since May, in a major reversal of fortunes. JP Morgan’s UK domestic plays index that […]
Thursday saw a son of Fastnet Rock light up the Tattersalls sales ring when selling to Aquis Farm for 725,000gns. Offered by James Hanly’s Ballyhimikin Stud on behalf of breeder Sven Hanson, the bay colt was predicted to prove popular, given that he is a full-brother to the top-class One Foot In Heaven (Fastnet Rock). Their dam […]
From Magna Grecia in the 2000 Guineas through to Logicia in the St leger, it has been a sparkling series Enable and Crystal Ocean served up a thriller in the King George VI And Queen Elizabeth Qipco Stakes. Picture: Steve Davies/Racingfotos.com It has been another memorable QIPCO British Champions Series with the grand finale, at […]
Netflix, Inc. (NASDAQ:NFLX) faces growing fears that it could lose out in the streaming wars Netflix faces growing fears that it could lose out in the streaming wars, but Goldman Sachs said in a note to clients on Thursday that the company has fought off competition before, making it likely to weather the storm. But Goldman […]
The EU removed Switzerland and the United Arab Emirates from its list of tax havens on Thursday, giving two global hubs for multinational tax schemes the all clear. “Albania, Costa Rica, Mauritius, Serbia and Switzerland have implemented ahead of their deadline all necessary reforms to comply with EU tax good governance principles,” the bloc’s 28 […]
Apple Inc. (NASDAQ:AAPL) analysts have increased their price targets Apple’s stock price hit a one-year high on Thursday, jumping as much as 1.5%, as investors continue to be optimistic about demand for the new iPhone 11 models. Several Wall Street analysts have issued price upgrades or reiterated bullish targets on Apple in recent weeks amid stronger-than-expected […]
Bitcoin: USD/BTC (BTC=X) recovering nicely from its monthly lows Bitcoin is having a pretty good week. A bullish trend, which began on Monday, has seen the price of Bitcoin recover from its monthly low of $7,762 two weeks ago. During the last four days, Bitcoin has climbed, but it’s met strong resistance near the $8,700 […]
Alibaba Group Holding Limited (NYSE:BABA) financial results are being discounted by the trade war Alibaba’s financial results are being discounted by the trade war. Its growth has slowed, down from 50% per year. China’s consumers are feeling a pinch. The fall of the yuan means its success is worth less when translated to U.S. currency. […]
European Central Bank governors were divided as never before over their decision last month to re-launch “quantitative easing” (QE) mass bond-buying, an official account of the meeting showed Thursday, underscoring an already bitter public debate. While “all members agreed that a further easing of the monetary policy stance was warranted” to boost growth and inflation […]
Ethereum: USD/ETH (ETH=) co-founder Joseph Lubin has proposed a new milestone for the community of developers The co-founder of Ethereum, Joseph Lubin has proposed a new milestone for the community of Ethereum developers amidst the ongoing Ethereum 2.0 controversy. At the fifth Ethereum annual developer meetup Devcon, which is currently taking place at Japan Osaka, Lubin revealed […]
NASDAQ Composite (.IXIC) rebounding dramatically from the sell off We finished up yesterday with broad based gains on all three major markets rebounding dramatically from the sell off on Tuesday when the market were doubting that any progress would be made on the trade front. The catalyst for buying was fueled by a report that […]
Dow Jones Industrial Average (.DJI) rallying strongly as Donald Trump and China prime markets for a possible trade deal The stock market bounced aggressively on the news that Trump and Chinese Vice Premier Liu He will meet tomorrow in the White House as the “surprise” teased by Larry Kudlow comes to fruition. Additionally, a soft US CPI number gave […]
Tesla, Inc. (NASDAQ:TSLA) car slammed into a wall and caught fire, killing one and injuring another The father of an 18-year-old Florida teen killed when his speeding Telsa TSLA, +0.09% slammed into a wall and caught fire is suing the company, saying the crash should have been “entirely survivable.” Police say Barrett Riley and his 18-year-old friend […]
Britain’s Brexit-facing economy shrank in August, official data showed Thursday, but analysts say a better-than-expected July is expected to help it avoid recession. Gross domestic product — the combined value of all goods and services produced in the economy — slid 0.1 percent in August from July, the Office for National Statistics said in a […]
The OPEC oil cartel saw its crude production fall in September, mostly due to production falling in Saudi Arabia following attacks on its oil infrastructure, according to its monthly oil report released on Thursday. The Organization for the Petroleum Exporting Countries said its production fell to an average of 28.49 million barrels per day (mbd) […]
Facebook, Inc. (NASDAQ:FB) Inclination Toward AR-VR Products CTRL-Labs’ technology could be an integral part of a mechanism that allows one to control their movements in augmented reality. In fact, this acquisition marks Facebook’s second such purchase toward developing futuristic technology. Back in 2014, Facebook had paid $2 billion to acquire Oculus, a virtual reality (VR) […]
Bitcoin: USD/BTC (BTC=X) continues to look north and may rise to $9,000 in the short-term Bitcoin (BTC) continues to look north and may rise to $9,000 in the short-term despite a U.S. regulator’s decision to reject a bitcoin exchange-traded fund (ETF) proposal. The U.S. Securities and Exchange Commission (SEC) on Wednesday announced that the ETF […]
Australian Dollar: USD/AUD (AUD=X) tumble amid risk aversion Risk aversion is kicking in at the onset of Thursday’s Asia Pacific trading session. The sentiment-linked Australian and New Zealand Dollars are falling alongside S&P 500 and Nikkei 225 futures. Meanwhile, the anti-risk Japanese Yen and similarly-behaving Swiss Franc are outperforming against their major counterparts. The souring in market mood can be traced […]
Gold 1 OZ (XAU=X) Cycles Pointing Lower Metals and miners have been bouncing after forming interim cycle lows. Our work supports a failed rally that should terminate by mid-October. A trade deal with China (partial or otherwise) could trigger the next selloff in gold. We use cycles to time key turning points in precious metals. […]
Silver 1 OZ 999 NY (XAG=X) Stalls but Risk Remains Silver prices are down more than 10% off the September highs with XAG/USD trading in a wide range just below a critical resistance level we’ve been tracking for months now. These are the updated targets and invalidation levels that matter on the Silver weekly price chart. In […]
United States Oil (USO) currently driven by sentiment rather than the real fundamentals Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of the world’s largest independent oil and commodity trading groups said on Wednesday. The […]
Australia: S&P/ASX 200 (.AXJO) Wild day ends flat Australian shares endured a wild ride on Thursday, gyrating throughout the session as a swathe of conflicting headlines relating to trade talks between the United States and China saw sentiment change in the blink of an eye. After three trips into negative territory and two ventures into […]
Ethereum: USD/ETH (ETH=) rallies back above $190 Ethereum has risen over 6 percent in price today, as the second-biggest cryptocurrency by market cap spiked over 5 percent in a couple of hours to hit a high of $194. However, looking at the bigger picture, the price of Ethereum is still down over 14 percent from […]
Alphabet Inc. (NASDAQ:GOOG) hires former SAP executive Brigette McInnis-Day to lead Google Cloud’s human resources department Google has hired SAP executive Brigette McInnis-Day to lead Google Cloud’s human resources division as it scales aggressively. As vice president of Cloud HR, McInnis-Day will report into Eileen Noughton, head of Google’s people operations, a company spokesperson confirmed […]
The Boeing Company (NYSE:BA) Diverge Further On Expectations For 737 Max Return American Airlines (AAL) has canceled Boeing 737 Max flights through mid-January, throwing the plane-maker’s timetable about a return to service into doubt. Boeing stock was flat early Wednesday. The airline previously had canceled flights through early December and now plans to gradually ease the […]
NASDAQ Composite (.IXIC) rise on trade hopes North American stock markets gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever. Sterling was […]
Dow Jones Industrial Average (.DJI) Rebounds As Wild Action Continues The Dow Jones Industrial Average and other major indexes scored solid gains in the stock market today to extend their recent volatile action ahead of U.S.-China trade talks Thursday. The Nasdaq rallied 1%, the S&P 500 rose 0.9% and the Dow Jones industrials gained 0.7%. Small caps […]
Apple Inc. (NASDAQ:AAPL) will launch an augmented reality headset A Wednesday note from TF Securities analyst Ming-Chi Kuo said Apple is planning a bunch of new hardware for the first half of 2020, including new augmented reality glasses that Apple will build with third-party brands. A rough Google translation from the site MyDrivers covers the […]
Facebook, Inc. (NASDAQ:FB) Settles with Advertisers Facebook FB has agreed to pay $40 million to settle a case with advertisers that it maintains is “without merit.” Advertisers claim that Facebook moderated viewing metrics that made them spend more on the platform. But as it turns out, the problem related to the way viewing metrics were […]
Amazon.com, Inc. (NASDAQ:AMZN) Expands Tablet Portfolio With Fire HD 10 Launch Amazon AMZN is leaving no stone unturned to bolster presence in the world of entertainment by expanding its tablet portfolio. Recently, the company unveiled the latest version of its Fire HD 10 tablet, which offers access to more than 450,000 Audible titles and more than […]
Bitcoin: USD/BTC (BTC=X) Price Rallies to Touch $8,600 The world’s most popular crypto coin rallied from an intraday low of around $8,200 up to its current trading price near $8,600, showing impressive gains of over 5% in the past 24 hours, while a vast majority of the top 100 crypto coins are pumping in sync […]
United States Oil (USO) settles with a loss as Fed minutes raise economic worries U.S. oil futures settled slightly lower Wednesday, giving up earlier gains, as minutes from the Federal Reserve’s September meeting raised worries about the economy and government data revealed a fourth straight rise in domestic crude supplies. Prices had moved higher earlier […]
Tesla, Inc. (NASDAQ:TSLA) to report Q3 results Oct. 23 Tesla Inc. TSLA, +1.87% said late Wednesday it will post its third-quarter results after market close on Oct. 23. A call with Wall Street analysts will follow at 6:30 p.m. Eastern, the Silicon Valley car maker said. Tesla shares were flat in the extended session, after ending the regular […]
Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments Gold prices and Brent may suffer after the FOMC minutes are published if the underlying tone in the text does not reflect the same level of urgency for easing that investors are expressing. At the time of writing, overnight index swaps are pricing in […]
Japanese Yen: USD/JPY (JPY=X) US dollar continues to churn against Yen The US dollar has initially fallen during the trading session on Wednesday, only to turn around to rally against the Japanese yen. Quite frankly, there’s a lot of noise out there involving the US/China trade situation, and perhaps a little bit of hope as […]
Hong Kong: HANG SENG INDEX (.HSI) stocks declined as tensions between the United States and China worsened Asian stocks declined Wednesday as tensions between the United States and China worsened. Japan’s Nikkei 225 (N225) fell 0.8%. Hong Kong’s Hang Seng Index (HSI) dropped 0.3%, while China’s Shanghai Composite Index (SHCOMP) declined 0.1%. Markets in South […]
Australia: S&P/ASX 200 (.AXJO) set to open higher Australian shares are set to open higher on renewed optimism for the pending high-level trade talks in Washington between the US and China. ASX futures were up 46 points or 0.7% to 6560 near 6am AEDT. The currency was little changed. China was still open to agreeing […]
British Pound: USD/GBP (GBP=X) is forecast to extend lower The Pound-to-Dollar exchange rate is forecast to extend lower by strategist Russel Sandiford of ACY Securities. GBP/USD is currently located at 1.2211, having gone as high as 1.2522 in late October, and Brexit headlines will likely extend the Pound’s weakness whilst the U.S. Dollar could strengthen […]
Silver 1 OZ 999 NY (XAG=X) prices up; FOMC minutes on deck Gold and silver prices are moderately higher in early U.S. trading Wednesday. There are lingering geopolitical matters that have many traders and investors looking to the safe-haven metals as an investment. December gold futures were last up $8.20 an ounce at 1,512.20. December Comex silver prices were last up $0.19 […]
Euro: USD/EUR (EUR=X) rebound hits resistance and stalls The Euro-to-Dollar rate’s recovery has hit a roadblock and is stalling. There is now a risk the pair could start to move lower again. EUR/USD had been rising during the first week of October after posting new trough lows of 1.0879 on October 1. Yet that recovery […]
Canadian Dollar: USD/CAD (CAD=X) traders are keeping a close watch on U.S./China trade developments The Canadian dollar continues to drift within its well-defined USD/CAD trading band of $1.3240-$1.3340. The release of the September 18 U.S. Federal Open Market Committee (FOMC) meeting minutes is unlikely to offer any information or insight that would lead to a […]
Bitcoin: USD/BTC (BTC=X) Jumps to 3-Week High Near $8,600 Bitcoin (BTC) jumped 5.1 percent on Wednesday to the highest price in three weeks, after the Federal Reserve (Fed) said it would print money to expand the size of bank reserves – seen as a move by the U.S. central bank that could spark inflation. Bitcoin suffered […]
Singapore: STI Index (.STI) shares join regional slide The days leading up to the US-China trade talks have seen more mines scattered along the road towards a resolution. And if the effect of which wasn’t noticeable during Tuesday’s Asia session, it was certainly felt on Wednesday. Singapore’s Straits Times Index (STI) started the day 0.4 […]
Australian Dollar: USD/AUD (AUD=X) extends the decline amid waning hopes for an imminent US-China trade deal The recent rebound in AUD/USD continues to unravel as China signaled it would retaliate against the Trump administration for blacklisting 8 tech companies, with China’s Foreign Ministry spokesman, Geng Shuang, urging the US to “immediately correct its mistake, withdraw the relevant decision and stop interfering […]
UK FTSE 100 (.FTSE) breaks lower from rising wedge formation The FTSE 100 slumped lower yesterday, with the index falling sharply from a rising wedge formation. This is in line with the wider bearish trend in play since late July. We have seen the price attempt to regain ground overnight, yet that is likely to be a […]
Shanghai: SSE Composite Index (.SSEC) stocks close higher as banks, real estate stocks rally China stocks erased losses to end higher on Wednesday, as banks and real estate firms jumped, while investors were cautious ahead of important trade talks between the U.S. and China. The blue-chip CSI300 index rose 0.1% to 3,843.24, while the Shanghai […]
New Zealand Dollar: NZD/USD (NZD=X) One Small Step Away From a Major Buy Signal There is no trading signal here yet, but once it will be triggered, we should receive a sweet long-term deal, with a target of hundreds of pips. This setup is present on the NZDUSD and for a legitimate signal we just need several […]
Ethereum: USD/ETH (ETH=) Price Climb Slows as it Stabilizes Around $180 At the time of writing, Ethereum is trading up marginally at its current price of $179.50, and it is currently sitting slightly below its daily highs of $184 that were set at the peak of the market’s upwards surge that occurred yesterday. It is important to note that […]
Amazon.com, Inc. (NASDAQ:AMZN) promoted a business that surpassed $10 billion in annual revenue last year Amazon’s advertising business, once a niche part of the company’s sprawling empire, is now big enough to merit its own conference. Last week in Seattle, Amazon attracted roughly 400 people to “AdCon 2019,” CNBC has learned. The inaugural two-day event […]
Netflix, Inc. (NASDAQ:NFLX) plans to announce September-quarter results after the market close on Oct. 16 Even if Netflix (NFLX) beats Wall Street’s targets next week with its third-quarter report, it may not be enough to satisfy skeptical investors. The big test for Netflix stock will come later this quarter as rivals Apple (AAPL) and Walt Disney (DIS) enter the internet television […]
Facebook, Inc. (NASDAQ:FB) looks like an attractive proposition over the long term Investing in high-quality businesses trading at attractive valuation levels can lead to superior returns over the long term. However, finding these kinds of opportunities is much easier said than done. More importantly, when a good business is trading at a discounted valuation, this […]
Bitcoin: USD/BTC (BTC=X) Resistance at $8,300 After incurring a noteworthy rally yesterday that sent Bitcoin’s price surging towards the mid-$8,000 region after a brief visit to $7,800, BTC’s upwards momentum has once again faltered, with the crypto once again nearing its previously established support level at $8,200. Analysts are now noting that the price level […]
United States Oil (USO) slipped as tensions escalated between the United States and China Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand. U.S. industry data showing a bigger-than-expected rise […]
Alibaba Group Holding Limited (NYSE:BABA) pulls Houston Rockets merchandise as NBA goes into damage control mode in China The relationship between the U.S. and China has played a large role in the stock market this year. As the trade war between the two countries intensifies and then appears to cool, many stocks have been been impacted. Sometimes […]
Dow Jones Industrial Average (.DJI) traders worry about trade tensions between the United States and China weighed on the market The Dow and broader stock market fell Tuesday as worries about trade tensions between the United States and China weighed on the market. American and Chinese officials are returning to the negotiating table this week […]
NASDAQ Composite (.IXIC) tumbled as optimism faded over the outcome of trade talks U.S. stocks tumbled on Tuesday as optimism faded over the outcome of trade talks after a report the Trump administration was moving ahead with efforts to limit capital flows to China and the inclusion of Chinese firms to a blacklist. The declines […]
Apple Inc. (NASDAQ:AAPL) is finally showing users how often apps have been following them In iOS 13, the big new software update for the iPhone that launched last month, Apple is finally showing users how often apps have been following them. You may not have known that applications like Google Maps or Uber have been […]
Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker Last year, Elon Musk puffed a marijuana blunt during a live-video interview in California. Halfway around the world, executives at Japan’s Panasonic Corp. PCRFY -1.27% , Tesla Inc. TSLA 0.98% ’s automotive battery supplier, watched with alarm. “What will our investors think?” one […]
DAX PERFORMANCE-INDEX (.GDAXI) gradually on the rise The DAX also fell sharply last week, with the index gradually regaining ground since. The ability to continue forming higher lows is key here, with the improved German industrial production figure helping to push the index into a fleeting new high for the week. Ultimately, this rally does look like […]
