Tesla, Inc. (NASDAQ:TSLA) falls after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability Tesla’s stock sank nearly 4 percent on Thursday after Consumer Reports said it was pulling its recommendation of the company’s Model 3 due to declining reliability. The consumer watchdog organization, which just released its 10 […]
Alphabet Inc. (NASDAQ:GOOG) failed to let consumers know about a hidden microphone in its Nest security devices Consumer privacy in the era of big tech companies like Facebook, Google, and Amazon may not be a hot button topic on the level of healthcare or gun control, but heading into the 2020 presidential election, it’s certainly gaining […]
Bitcoin: USD/BTC (BTC=X) survey suggests there’s a growing interest Bitcoin has struggled over the last year as the market nurses a hangoverfrom its epic 2017 bull run that saw the bitcoin price explode from under $1,000 at the beginning of the year to almost $20,000 in fewer than 12 months. The bitcoin price has so far failed to break out […]
Apple Inc. (NASDAQ:AAPL) needs to make a big push into content Apple needs to make a big push into content – and in doing so, it should make a significant acquisition, noted analyst Dan Ives told CNBC on Thursday. “Right now it’s all about services and the installed base,” he said, referring to the number of […]
Dow Jones Industrial Average (.DJI) ongoing trade discussions between the Trump administration and its Chinese counterparts Stocks fell on Thursday following the release of lackluster U.S. economic data and amid ongoing trade discussions between the Trump administration and its Chinese counterparts. The Dow Jones Industrial Average fell 103.81 points to 25,850.63 as Walgreens Boots Alliance lagged. The S&P […]
United States Oil (USO) production reached 12 million bpd for the first time last week Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were […]
NASDAQ Composite (.IXIC) trading volume joins the top ten ranking for the year Today’s session closes with the NASDAQ Composite Index volume reaching the 10th place in the top ten list for this year. The last time the index closed above 2.69 billion shares was on Feb 15 2019. The total shares traded for the […]
Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness The oars aren’t rowing in the same direction for the Canadian dollar, but over the medium term, look for loonie weakness as domestic fundamentals take over from international forces. The latter pertain to the general trend in the US dollar against other majors, where 2020 should feature […]
Shanghai: SSE Composite Index (.SSEC) negotiators were beginning to outline a deal to end a long-running trade spat Stocks finished lower Thursday, with the Nasdaq snapping an eight-session winning streak, as fresh economic data out of Europe and Japan suggest further slowing in global growth. However, fears about a world-wide slowdown were somewhat tempered by […]
British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January GBP/USD is steady in the Thursday session, continuing the trend seen on Wednesday. In North American trade, the pair is trading at 1.3051, unchanged on the day. In economic news, the U.K posted a rare budget surplus in January. The surplus of GBP 15.8 […]
Australian Dollar: USD/AUD (AUD=X) struggles going forward The Australian dollar initially tried to rally during the trading session on Thursday, but then rolled over at the 0.72 handle. By doing so, it looks very likely that we are going to continue to see struggles going forward, as the market has seen this area be the beginning […]
Singapore: STI Index (.STI) suggests mild upside The Singapore stock market has finished higher in three consecutive trading days, gathering more than 40 points or 1.3 percent along the way. The Straits Times Index now rests just shy of the 3,280-point plateau and it may see additional support again on Thursday. The global forecast for […]
Euro: USD/EUR (EUR=X) ECB Minutes Show Bank’s Concerns, but Unlikely to Make Changes in March The release of the European Central Bank’s meeting minutes showed policymakers had growing concerns. However, it’s thought unlikely the central bank will blink at its March meeting and make any immediate changes to its monetary policy. It’s expected new projections […]
Japanese Yen: USD/JPY (JPY=X) significant resistance The US dollar rallied a bit against the Japanese yen, but it seems as if we are still struggling at the 200 day EMA, and of course the 61.8% Fibonacci retracement level. The ¥111 level is significant resistance in and of itself, and as you can see to the left there […]
Hong Kong: HANG SENG INDEX (.HSI) End On Steady Note Amid Trade Optimism Asian stocks reversed early losses to end Thursday’s session on a steady note following a Reuters report that the US and China were outlining agreements on the stickiest trade issues. Dovish signals from the US Federal Reserve also lent some support to […]
Australia: S&P/ASX 200 (.AXJO) futures pointing higher According to the latest SPI futures, the ASX 200 is expected to open the day ever so slightly higher on Friday. At the time of writing futures contracts are pointing to a 2-point gain at the open. This follows a disappointing night of trade in the U.S. which […]
Silver 1 OZ 999 NY (XAG=X) some profit taking from recent gains and a downside technical correction Gold and silver prices are down in early U.S. trading Thursday, on some profit taking from recent gains and a downside technical correction—both of which are not unexpected. In fact, it can be argued that for a price uptrend […]
Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the firm overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]
Bitcoin: USD/BTC (BTC=X) Likely to Drop Before Climbing Higher Because Bitcoin’s recent rally has stalled, analysts now believe that it needs to drop lower before garnering enough buying pressure to push it above $4,000. Flood, an extremely popular cryptocurrency trader on Twitter, told his over 60k followers that he thinks BTC will drop to $3,800 […]
Weak Apple Inc. (NASDAQ:AAPL) iPhone demand appears to be the primary driver of the company’s difficulties Weak iPhone demand appears to be the primary driver of the company’s difficulties. Revenue from the product declined 15% year-over-year in Q1, per the company’s 10-Q filing. The reduction of the company’s guidance ahead of its December quarter results sent AAPL […]
Smart speaker growth is a long-term catalyst for Alibaba Group Holding Limited (NYSE:BABA) Stock Alibaba (NYSE:BABA) is in a strong position to take advantage of the rapid acceptance of smart home devices in China. The company launched its smart speaker in mid-2017. Alibaba stock should benefit from the growth in smart home devices. By the third […]
NASDAQ Composite (.IXIC) Bull Run Continues Wall Street has been on a bull run since the beginning of 2019. After rebounding in January, U.S. stock markets consolidated in February. The bull-run can be attributed to positive developments on the trade war front, temporary deal between the Republicans and Democrats to avert government shutdown again and […]
Walgreens, Walmart Drag Dow Jones Industrial Average (.DJI) Down Walgreens Boots Alliance (WBA) and Walmart (WMT) were the biggest blue chip losers. Walgreens lost 3.3% and fell back beneath its 50-day line, which it had regained on Friday. Walmart fell 2.5% to slide below a 99.45 cup-with-handle buy point, which it had cleared Friday. Shares rose more than […]
Tesla, Inc. (NASDAQ:TSLA) stock is no longer reacting to Musk’s tweets or turnover In personnel Tesla (NASDAQ:TSLA) continues to make the news for many of the wrong reasons. The provocative tweets from CEO Elon Musk continue. Also, seeing the general counsel leave the company after a short stint will not exactly endear buyers to Tesla stock. […]
Amazon.com, Inc. (NASDAQ:AMZN) has run into a mess in India Amazon.com (NASDAQ:AMZN) stock took a haircut after the company’s fourth-quarter results were released. Wall Street was disappointed with the e-commerce giant’s guidance as it calls for first-quarter sales growth of 14% at the midpoint, while analysts were looking for a 19% jump. But that was not the only bad […]
Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude supplies outweigh pressure from a continued rise […]
Facebook, Inc. (NASDAQ:FB) already recovering from its scandals There’s a market adage that stocks often make their biggest gains when the market is most fearful. Stocks, it is said, climb a wall of worry. On the flip side, when folks are most optimistic and the news seems great, stocks can fall down a slope of […]
Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System Alphabet Inc.’s Google said it made an error when it didn’t disclose in product materials that its Nest Secure home security system contained a microphone. “The on-device microphone was never intended to be a secret and should have been listed in the tech […]
Euro: USD/EUR (EUR=X) bullish view put forward The inverse head-and-shoulders breakout seen in EUR/USD’s 4-hour chart validates the bullish view put forward by the falling channel breakout on Monday and represents a bearish-to-bullish trend change (transition from lower highs and lower lows to higher highs and higher lows). As a result, the common currency could […]
Singapore: STI Index (.STI) Investors are keeping a close eye on talks between U.S. and Chinese negotiators in Washington Shares were mostly higher in Asia on Wednesday after a modestly high finish on Wall Street that extended the market’s gains into a fourth week. The Nikkei 225 index NIK, +0.60% rose 0.3% despite news that […]
British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes The pound US dollar exchange rate advanced to an almost two-week high yesterday, but the pairing has given up some of those gains today and is currently trading in the region of $1.303. GBP/USD has drifted lower despite President Donald Trump dispelling […]
Japanese Yen: USD/JPY (JPY=X) sits at 110.80 levels but the 111.00 handle still proves to be elusive The pair continues to find support from around 110.50 and buyers broke back above the 100-hour MA (red line) in earlier trading to establish a more near-term bullish bias. The break comes after yet more disappointing data from […]
Shanghai: SSE Composite Index (.SSEC) United States and China pressed ahead with their crunch talks on trade Shares in China edged higher on Wednesday as the United States and China pressed ahead with their crunch talks on trade. The Shanghai Composite Index settled 0.2 per cent higher at 2,761.22 points while the blue-chip CSI300 gained […]
Silver 1 OZ 999 NY (XAG=X) very likely to continue to grind to the upside Silver markets rallied significantly during the trading session on Tuesday, as we start to make a move towards the $16.00 level. At this point, I think short-term pullbacks will be nice buying opportunities, as the US dollar is starting to soften. […]
Broad weakness across non-resource stocks dragged the Australia: S&P/ASX 200 (.AXJO) below the 6100 Broad weakness across non-resource stocks dragged the Australian sharemarket below the 6100 point level as the domestic earnings season failed to dispel fears the economy was sliding into recession. The S&P-ASX 200 index climbed 0.3 per cent at the open after […]
Gold 1 OZ (XAU=X) Momentum Turns Positive Gold prices broke out above resistance which is now seen as support near the January highs at 1,326. Support below that level is seen near the 5-day moving average at 1,321 and the 20-day moving average at 1,310. Target resistance is seen near the 2018 highs near 1,365. […]
Australian Dollar: USD/AUD (AUD=X) significant support at the 0.7050 The Australian dollar has pulled back a bit during the trading session on Tuesday, reaching down towards the 0.71 handle. At this point, there is significant support at the 0.7050 level that extends down to at least the 0.70 level. On the monthly chart, I see massive […]
Canadian Dollar: USD/CAD (CAD=X) grinding higher People want the Canadian dollar. The local currency was the only G-10 major to gain between yesterday’s Toronto close and this morning’s open. Oil prices have a lot to do with the move as do the quick unwinding of short Canadian dollar positions after short-term technicals turned bullish for […]
Apple Inc. (NASDAQ:AAPL) Is An iPhone Business I have written on this specific issue in the past. No matter how you spin it, Apple’s (NASDAQ:AAPL) business is built off the iPhone. 59% of their total revenue came from the iPhone. Sales of the iPhone dictate the trajectory of the business. We can talk all day […]
Walmart Inc. (NYSE:WMT) shares jump Stocks on Wall Street opened with modest losses Tuesday as U.S. investors returned from a three-day weekend and U.S. and Chinese negotiators prepared to resume trade talks in Washington. The S&P 500 SPX, +0.15% was off 0.2% at 2,769, while the Dow Jones Industrial Average DJIA, +0.03% lost 16 points, […]
United States Oil (USO) ends at 3-month high as supplies tighten Crude-oil futures ended on a mixed note Tuesday, with international benchmark Brent crude slightly lower after posting gains in each of the last five sessions while the U.S. benchmark climbed to its highest finish in three months amid reports of falling Saudi Arabian exports. […]
Strong Walmart earnings help to prop up the Dow Jones Industrial Average (.DJI) U.S. stocks closed higher Tuesday, with the Nasdaq extending its winning streak to a seventh session, as another round of U.S.-China trade talks began in Washington. The market’s gains were led by so-called defensive sectors such as utilities and consumer staples, which […]
Bitcoin: USD/BTC (BTC=X) has surged more than 10% since JPMorgan announced on Thursday that it would launch its own cryptocurrency, called “JPM Coin Bitcoin hit a high of $US4,002.71 a coin on Tuesday, just days after JPMorgan said it would launch its own cryptocurrency that was tied to the US dollar. The largest cryptocurrency by market […]
Facebook, Inc. (NASDAQ:FB) stock isn’t a sure thing in the short-term Facebook (NASDAQ:FB), unlike most other stocks, has the added risk of data breach headlines. Not that the other companies are not also vulnerable to hacking, but because Facebook has already suffered a major incident last year and used up its free pass. So, from now […]
Tesla, Inc. (NASDAQ:TSLA) has removed any mention of the Model 3 with a standard battery pack Tesla has removed any mention of the Model 3 with a standard battery pack,Electrek first reported Monday, calling into question the long-awaited $US35,000 base model of the sedan. The cheapest Model 3 available to preorder on Tesla’s website as of […]
Alibaba Group Holding Limited (NYSE:BABA) raised its stake in top domestic investment bank China International Capital Corp China’s e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp’s Hong Kong-listed shares to nearly 12 percent, an exchange disclosure showed on Monday. The internet giant bought 117 […]
Alphabet Inc. (NASDAQ:GOOG) to acquire data-migration company Alooma Alphabet Inc.’s GOOGL, +0.61% GOOG, +0.44% announced Tuesday that it planned to acquire Alooma, a data-migration company. Financial terms of the deal weren’t disclosed. “The addition of Alooma, subject to closing conditions, is a natural fit that allows us to offer customers a streamlined, automated migration experience to Google Cloud, and […]
Shanghai: SSE Composite Index (.SSEC) investors booked profits following a surge in the previous session Shanghai stocks ended flat after briefly touching a near five-month high on Tuesday, as investors booked profits following a surge in the previous session. The blue-chip CSI300 index fell 0.2 per cent, to 3,439.61 points, while the Shanghai Composite Index […]
Canadian Dollar: USD/CAD (CAD=X) Continues Range Bound Action Amid Lack of Macro Data Updates USDCAD pair traded in a tight range yesterday as both Canada and United States markets were closed owing to the celebration of the national holiday. This resulted in price action being limited within a range of 20 pips. On Friday, the […]
Mixed UK data and Brexit uncertainties didn’t prevent the British Pound: USD/GBP (GBP=X) Mixed UK data and Brexit uncertainties didn’t prevent the British Pound to US Dollar (GBP/USD) exchange rate from extending its recovery attempts today, as Pound investors reacted with optimism to some stats while the US Dollar’s strength was limited by optimism surrounding […]
Japanese Yen: USD/JPY (JPY=X) expected to post a trade surplus after recording six successive deficits USD/JPY continues to show little movement this week. In Tuesday’s North American session, the pair is trading at 110.63, up 0.03% on the day. On the release front, there are no major events out of the United States. Japan is […]
Australian Dollar: USD/AUD (AUD=X) rates stabilized near previous support in the 0.7050 area AUD/USD is one of the best pairs to watch to gauge sentiment toward global trade. After a swooning on dovish RBA comments earlier this month, rates stabilized near previous support in the 0.7050 area. The pair has rallied 100 pips since then, and […]
Euro: USD/EUR (EUR=X) Rebound Still Possible The Euro-to-Dollar exchange rate saw a mixed start to the weekly session, with the Fiber initially pushing higher to post a session best above $1.133 before declining. From an overnight low of ~$1.293, the cross was last seen edging higher at $1.13115. The data schedule for the USD remains […]
Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]
Australia: S&P/ASX 200 (.AXJO) massive swings in several companies after their results disappointed The S&P/ASX 200 hit a high of 6119 around lunch time today and managed to stay above the 6100 level to close at 6106.9 this afternoon. There were massive swings in several companies after their results disappointed, or surprised, the market greatly. Blackmores ended […]
Hong Kong: HANG SENG INDEX (.HSI) HSBC Misses Key Growth Forecasts Despite an apparently vigorous pre-tax profit and revenues for 2018, HSBC Holdings plc and its operational results fell woefully short of analysts’ expectations and were punished with a 2.7% drop in its stock price at Hong Kong’s Hang Seng index today. Europe’s largest bank unveiled a […]
Silver 1 OZ 999 NY (XAG=X) More Upside Likely March silver futures bulls have the near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the January high of $16.20 an ounce. The next downside price […]
It seems more than likely Jussie Smollett is either an idiot on his own or an idiot serving the Political interests of his Democrat Party buddies, but either way you can not buy in to the extremism of American Politics. There is no doubt Jussie Smollett set out to create racial tensions and grind the […]
New Zealand to target online firms like Alphabet Inc. (NASDAQ:GOOG) New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net. Prime Minister Jacinda Ardern said the cabinet had agreed […]
NASDAQ Composite (.IXIC) boasted eight consecutive weeks of gains on wagers the United States and China can resolve their protracted trade dispute Hopes for progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2 1/2- month highs on Monday, though European gains were held back by concern […]
YBCC INC (YBAO.PK) Heffx Technical Analysis Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.44. The projected lower bound is: 0.17. The projected closing price is: 0.25. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert will be invalid (including the alerts, […]
Will Bitcoin: USD/BTC (BTC=X) test $4,000? Will Bitcoin test $4,000? If it does, will BSV break out and re-test $100? It’s hard to say from here, with $150 to go. People have had a couple months of opportunity to buy well beneath this level, so a dump frenzy could happen, which could bring the shyness […]
Facebook, Inc. (NASDAQ:FB) changing expectations in 2019 Social-media stocks have been in the crosshairs over the past couple years, as privacy and safety concerns have investors rethinking the risks associated with these former highfliers. Still, social-media stocks continue to post solid revenue growth, as they build on their efforts to steal advertising dollars away from […]
Apple Inc. (NASDAQ:AAPL) is Still the Biggest Holding in Buffett’s Portfolio Berkshire spent the last half of the year snapping up more shares of banks and insurers, moves that made the company a major shareholder in four of the five largest U.S. banks. The Omaha, Nebraska-based conglomerate boosted its stake in JPMorgan Chase & Co. and Bank […]
Tianci International, Inc. (CIIT.PK) Heffx Technical Analysis Overall, the bias in prices is: Upwards and the Money Flow in to the stock is strong. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.91. The projected upper bound is: 2.04. The projected lower bound […]
United States Oil (USO) recovery in prices could be at a pace slower than expected earlier The oil sector has witnessed a series of developments in early 2019 that have clouded demand prospects and have sent out a signal to the market that the recovery in prices could be at a pace slower than expected […]
Toga Limited (TOGL.PK) Heffx Technical Analysis Overall, the bias in prices is: Upwards and the outlook is Bullish Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.76. The projected upper bound is: 1.97. The projected lower bound is: 0.75. The projected closing price […]
Dow Jones Industrial Average (.DJI) rally expected With jobs growth and household balance sheets at record highs, the U.S. is arguably in a better position than China in any given time frame. The growing number of defaults in China has placed more pressure on the domestic market and the authorities to achieve a deal with […]
Tesla, Inc. (NASDAQ:TSLA) shareholders have underreacted to the negative information in Q4 Thanks to a recovering tech sector, Tesla (NASDAQ: TSLA) shares still managed to gain over 7% in the week after a lackluster Q4 earnings announcement (ER). The somewhat counter-intuitive post-ER price moves may be partially due to company’s better-than-expected Q1 guidance, when most […]
Halong Bay Welcomes Its Most Luxurious Day Cruise Ever New day tour of Vietnam’s famed natural attraction comes in the wake of new highway and airport The creator of Halong Bay’s finest cruise experiences is charting new waters with the launch of a lavish day trip replete with private cabins, an onboard spa and cooking […]
The Year Ahead by Philip Lowe Governor of the Reserve Bank of Australia Thank you for the opportunity to address the National Press Club. It is an honour to have been invited. The media and the RBA have a special relationship. Most people in the community hear the RBA’s messages through the media. You report […]
Introduction RBA Financial Conditions and the Australian Dollar – Recent Developments Thanks to XE for the opportunity to be here in Melbourne to speak to you. A lot has happened in financial markets globally and in Australia since late last year. I thought it would be helpful to summarise the key developments, including revisions to […]
Silver 1 OZ 999 NY (XAG=X) launch from $15.60 Silver prices slide below $15.60 in the previous week and risk further downside. Fortunately, the precious metal returned above the level by the end of the week and averted further bearish pressure. The bull manages to close the price at $15.72 and currently pressing the price […]
Euro: USD/EUR (EUR=X) Rates Fall as Eurozone Economic Concerns Rise The Euro US Dollar (EUR/USD) exchange rate was hit several times this week, with disappointing economic data releases further exacerbating fears of a slowing Eurozone economy. The Euro started Monday subdued following the publication of the Irish construction PMI figures, which fell to 54.6. There […]
Gold 1 OZ (XAU=X) bounce from the level near $1,300 The price of gold found support near $1,300 and bounce higher. Today, the bull follow through and the price has surpassed the previous week high. If there is no change to the bullish pressure then gold expected to reach resistance $1,337 soon. Traders could prepare […]
Shanghai: SSE Composite Index (.SSEC) trade talks between the United States and Beijing saw progress China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and new data showed Beijing’s attempts to boost investment led to record new loans in January. At the […]
British Pound: USD/GBP (GBP=X) heading back towards the 200-day moving average GBPUSD has picked up from last Thursday’s 1.2770 low and is now trading either side of 1.2900 after hitting an early peak around 1.2925. This push higher has taken GBPUSD above the 50-day moving average at 1.2874 and is homing in on the 200-day ma […]
Australia: S&P/ASX 200 (.AXJO) closed 0.4% higher It has been a positive day of trade for the Australian share market closing 0.4 per cent higher. Bank of Queensland (ASX:BOQ) shares took a dip today after a $12 million guidance downgrade. Waste management company Bingo Industries (ASX:BIN) saw their shares slump hit by the apartment building slowdown. They reduced their […]
Australian Dollar: USD/AUD (AUD=X) fresh risk appetite on optimistic tone from trade talks The Aussie extends recovery off 0.7054 base, boosted by fresh risk appetite on optimistic tone from trade talks. Fresh extension higher cracked 0.7146 (Fibo 38.2% of 0.7295/0.7054) the lower boundary of strong resistance zone between 0.7146 and 0.7162 (consisting of Fibo barrier […]
Hong Kong: HANG SENG INDEX (.HSI) credit figures for January added to signs of increased stimulus A rally in Chinese equities steepened Monday as bumper credit figures for January added to signs of increased stimulus. The Shanghai Composite Index jumped 2.7 percent by the close, taking its rebound since a Jan. 3 low to 12 […]
Here is what the Australian Government is doing to help people In 2017, Australia helped: target electricity subsidies to the poorest 40 per cent of households, saving the Government AUD 1.6 billion expand financial services and increase financial inclusion for people not covered by major banks through new financial technology regulation improve Government budgeting, including […]
For whatever reason Australia has stored their Gold reserves with England, but is the Gold really there? Geopolitical and trade tensions along with US sanctions have shaken trust in the US dollar over recent years. As a result, a number of global central banks have been boosting their national reserves of gold bullion. In 2018, […]
While Australian Politicians were busy spending 100s of Billions on “Social Justice” matters, Foreign Aid, Refugees and other nonsense the Country and it’s Farmers are suffering, some of the damage may be irreversible. The viability of a key river that feeds into Australia’s biggest water system is under threat if poor conditions that killed millions […]
Bitcoin: USD/BTC (BTC=X) Top Cryptos See Minor Losses Most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. At press time, Bitcoin is down 0.18 percent on the day, trading at around $3,631, after a brief mid-day high of $3,680, according […]
Alphabet Inc. (NASDAQ:GOOG) This Can’t Be Happening! Losing at cloud is galling for Google, which practically invented the technology to run its search business. Its mistake was failing to get into cloud re-sale quickly or to treat cloud re-sale seriously enough. Google is now as serious as a heart attack with Kurian, who wants an army of salesmen […]
NASDAQ Composite (.IXIC) market surged driven by renewed optimism The market surged on Friday, driven by renewed optimism that when the March 1 deadline comes around, the U.S. and China would have already shaken hands on a trade truce. Tariff-related rhetoric and thoughts of an economic slowdown had become a restraint, particularly amid the recent market rebound. […]
Tesla, Inc. (NASDAQ:TSLA) suffered another fire at its car plant in Fremont, California on Saturday night A fire broke out at Tesla’s car plant in Fremont, California, on Saturday night, in an area where the company stores some hazardous materials outside. While Tesla can manage some fires with its own internal brigade, the one on […]
Facebook, Inc. (NASDAQ:FB) Instagram Stories is expected to be the key catalyst for impression growth in 2019 Shares ofbuy-ranked Facebook have lost -7.5% over the past year, outperforming the Zacks Internet Services industry’s loss of -18.2% during the same period. Facebook is benefiting from solid mobile ad revenues driven by robust performance from both Instagram Stories and […]
Alibaba Group Holding Limited (NYSE:BABA) Strong active user growth and Alipay have made Alibaba a force that not many can reckon with in China Alibaba (NYSE:BABA) has long been the top retailer in China, which boasts a population of 1.4 billion. But sometimes it’s still difficult to understand just how big the company has become in the […]
Dow Jones Industrial Average (.DJI) investors grew hopeful that the United States and China would hammer out an agreement Wall Street has rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains, as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted […]
Twitter, Inc. (NYSE:TWTR) making progress but an awful lot of success is still priced into Twitter stock I’ve been skeptical about Twitter (NYSE:TWTR) stock for some time now. Admittedly, even though TWTR stock has been range-bound since late July, I’ve been too skeptical towards it, as Twitter stock has rallied over the last two years, roughly doubling […]
Apple Inc. (NASDAQ:AAPL) stock is pacing for a sixth straight weekly win The shares of Apple Inc. (NASDAQ:AAPL) are modestly higher in early trading, even after a Securities and Exchange Commission (SEC) filing revealed Warren Buffett’s Berkshire Hathaway (BRK.A) trimmed its stake in the tech giant by 1.1% to 249.6 million shares in the fourth quarter, though […]
Larneuk, a small stud in rural Victoria has been producing some outstanding results over the last couple of years. Resident Sires as well as horses raised on the farm have been performing exceptionally well, a Group 1 win and some very good runs in Group races are proving the quality of Larneuk progeny. Larneuk veteran […]
French jumpers did well again in Britain last weekend, only 4 weeks away from the Cheltenham festival. The Betfair Ascot Chase (Gr1) went to the 7-year-old AQPS Cyrname (Nickname), formerly trained by Patrice Quinton and bred in the Manche by Stéphane Follain, Eric Lecoiffier, Stephane Guesdon and Xavier Lefeuvre. Undefeated this year in two outings, […]
Battle Between Dollar Bulls and Euro: USD/EUR (EUR=X) Bears The price action last week suggests investors are being a little tentative about buying strength. In three sessions out of five, the dollar index rallied to highs not touched since early December before closing lower. On Friday, the dollar index reached its highest level since April […]
Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey The New York region’s manufacturing sector found new momentum in February, according to the latest data from the New York Federal Reserve. The gold market is seeing little reaction to a rise in the New York Federal Reserve’s Empire State manufacturing survey’s […]
Australia: S&P/ASX 200 (.AXJO) reporting season has seen companies becoming increasingly cautious It is the busiest block of results with around 70 of the top 200 companies dropping mainly half-year numbers. It also should give a clearer picture about how things are going across the key consumer, industrial and resources sectors. “Reporting season is 37 […]
Hong Kong: HANG SENG INDEX (.HSI) stumbles as differences frustrate US-China talks Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Mainland Chinese markets saw losses on the day. […]
British Pound: USD/GBP (GBP=X) Brexit, PMI Numbers and Trade Talks in Focus On the Macro For the Dollar: Key stats include December durable goods orders, February’s Philly FED Manufacturing Index, prelim U.S private sector PMI numbers and existing home sales figures all due out on Thursday. An upward trend in the weekly jobless claims figures […]
US and Chinese Shanghai: SSE Composite Index (.SSEC) trade negotiators will meet in Washington this week with less than a fortnight left to hammer out a deal US and Chinese trade negotiators will meet in Washington this week with less than a fortnight left to hammer out a deal aimed at ending their trade impasse and finding […]
