Kung fu film star Jackie Chan has joined Mulan actress Liu Yifei in stoking outrage over pro-Beijing comments amid heated protests in Hong Kong, his birthplace, and calling for peace. The torches and pitchforks came out online. After a video appeared online earlier this month showing protesters defacing the Chinese flag, a number of Chinese […]
Small-town living isn’t always budget friendly Town life is often stereotyped as simple, idyllic and inexpensive when compared with big-city life — but this doesn’t always ring true. In fact, there are quite a few instances where towns are even more expensive than the cities they’re near. To look at how expensive small-town life can […]
Home value appreciation has slowed each month this year, and is at its lowest level since 2015 – The rate of year-over-year home value growth has fallen in each of the past seven months. The median U.S. home is worth $229,000, up 5.2% from this time last year. – Rents grew 1.9% on an annual […]
Fourth clash between pair on cards after Magical is supplemented for York feature. Enable and Magical look set to clash for the fourth time after Aidan O’Brien supplemented the latter for the Darley Yorkshire Oaks on Thursday. Seven fillies remain in contention for the mile-and-a-half contest, with the prospect of taking on nine-time Group 1 winner Enable […]
United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices Oil futures rallied on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks, following news that the U.S. will delay tariffs on certain Chinese products until December, as the two nations […]
Bitcoin: USD/BTC (BTC=X) Shows Signs of Recovery Bitcoin is trading at $10,407 at press time, representing a 0.82% price increase on the day. Bitcoin has ranged from just under $10,000 to over $12,000 this month and had most recently been on a downward streak. However, after bottoming out around $9,700 today, BTC has turned around […]
Ethereum: USD/ETH (ETH=) Plummets to $185 as Selling Pressure Increases Ethereum (ETH) has been one of the many victims of the recent widespread sell-off in the crypto markets, which was sparked when Bitcoin faced a sharp drop that sent it to lows of roughly $9,500. This latest drop has sent Ethereum reeling down 10% to […]
Buybacks of Alphabet Inc. (NASDAQ:GOOG) stock would be a boon to stalwart investors Recent troubles with Alphabet (NASDAQ: GOOG GOOGL) are indicative of the many moving parts that go into the bull thesis, as has been demonstrated by recent weakness in Google stock. As is the case with many large- and mega-cap technology companies these […]
Twitter, Inc. (NYSE:TWTR) All-set to Report Quarterly Results At the end of the latest market close, Twitter, Inc. (TWTR) was valued at $41.81. In that particular session, Stock kicked-off at the price of $41.03 while reaching the peak value of $41.25 and lowest value recorded on the day was $40.39. The stock current value is […]
Alibaba Group Holding Limited (NYSE:BABA) beats earnings and revenue expectations in the face of macro concerns Alibaba Group Holdings Ltd. is managing to invest more efficiently as it tries to expand its business, a trend that helped send shares of the e-commerce giant higher in Thursday’s session. The company on Thursday reported better-than-expected earnings and revenue […]
A recession and growing competition suggests you should dump Tesla, Inc. (NASDAQ:TSLA) stock while you still can Up until fairly recently, I used to be a big fan of Elon Musk and his vaunted company Tesla (NASDAQ:TSLA). However, a series of unnecessary controversies and unforced errors made me change my opinion. Granted, I still think the man is a […]
Apple Inc. (NASDAQ:AAPL) time to take a bite out of Apple Shares of Apple (NASDAQ: AAPL ) have certainly fallen hard along with the rest of the market over the past few weeks. Apple stock is now down nearly 10% from the recent highs despite good earnings and a better outlook from the recent earnings report. While growth is […]
Facebook, Inc. (NASDAQ:FB) Friending the revenue trend Facebook had been warning investors for the better part of a year to expect revenue to decelerate into 2020, and CFO David Wehner reiterated that outlook on the second-quarter earnings call. New rules limiting data gathering and beefing up privacy practices — most notably the sweeping regulation on […]
Walmart Inc. (NYSE:WMT) Chief Executive Doug McMillon said there should be a discussion about banning assault weapons in the U.S. Walmart Inc. Chief Executive Doug McMillon said Thursday there should be a discussion about banning assault weapons in the U.S. McMillon made the comment as Walmart released fiscal second-quarter earnings, but neither he nor Dan […]
NASDAQ Composite (.IXIC) hobbling along with some retail, networking and telecom stocks The S&P 500 ended a volatile session with a 0.3% gain Thursday, as indexes closed well off session lows but the market outlook remained uncertain. Meanwhile, a popular retail sector ETF hit a six-year low. The S&P 500 index was down as much […]
Dow Jones Industrial Average (.DJI) conflicting signals are giving people whiplash The Dow recovered somewhat Thursday from an 800-point loss a day earlier, the worst of 2019. But investors are unsure of what will happen next in the markets. Conflicting signals are giving people whiplash. Several negative signs are weighing on markets: The yield curve […]
Shaikh Duaij Al Khalifa’s A’ Ali (IRE), seeking his second Breeders’ Cup Challenge victory this year, and the unbeaten Earthlight (IRE), headline Sunday’s six-furlong Darley Prix Morny (G1) for 2-year-olds at Deauville. The Prix Morny winner will receive an automatic berth into the Breeders’ Cup Juvenile Turf Sprint (G2) through the international Breeders’ Cup Challenge. […]
UK FTSE 100 (.FTSE) investors rushed to sell-off risky assets London’s FTSE 100 was pushed into the red today by several heavyweight stocks that traded without dividend entitlement, while gains in gambling firm GVC and trading platform Plus500 helped the mid-cap index outperform. The FTSE 100 shed 0.3 per cent, as worries of an imminent […]
Silver 1 OZ 999 NY (XAG=X) target $18 Silver markets went back and forth during the trading session on Thursday, as we continue to see a lot of choppiness in general. Ultimately, the Silver markets are essentially trying to figure out whether or not they are comfortable enough with the idea of being above $17. […]
Shanghai: SSE Composite Index (.SSEC) increasingly anxious over the lack of signs of progress toward settling the U.S.-Chinese tariff war over trade and technology Asian markets fell in early trading Thursday, following Wall Street’s worst day of the year amid signals of recession. The yield on the closely watched 10-year Treasury fell so low Wednesday […]
British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations The GBP/USD exchange rate is currently trading at $1.206, virtually unchanged from today’s opening levels. UK retail sales figures have helped the Pound find its feet this morning. The Office for National Statistics (ONS) reported a 0.2 percent expansion in sales for July, slowing […]
DAX PERFORMANCE-INDEX (.GDAXI) pauses after sharp decline The DAX has also turned lower over the course of the week. While the index has not quite managed to return into the lows of last week, there is a strong chance we will see further downside to continue the trend of lower highs and lows. With the price initially […]
FTSE Bursa Malaysia KLCI (.KLSE) returns to red as global uncertainty intensifies Intensifying global uncertainties and slowdown in major economies dragged Bursa Malaysia into the red at the opening today. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 16.14 points to 1,584.17, below the psychological support level of 1,590 from yesterday’s close […]
Canadian Dollar: USD/CAD (CAD=X) nears resistance potential The topside theme has continued in USD/CAD after the earlier-week visit back down to 1.3200. As looked at yesterday, the big question is for how long this recovery might last and it looks as though prices are poised to soon set a fresh three-week-high. But, just above is an area of […]
Bitcoin: USD/BTC (BTC=X) price embraces five figures Data from Coin360 shows BTC/USD put in a sudden rally on Thursday, gaining more than 5% in hours and subsequently holding onto support above $10,000. The latest break to the upside reinforced an already positive mood among traders and analysts, who earlier recommended not treating Bitcoin’s dip to […]
Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65 The Australian dollar has rallied a bit during the trading session on Thursday, showing signs of consolidation just below the crucial 0.68 level which was previous support. At this point I think the market is simply trying to digest the losses and decide whether or […]
Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows On Monday, both British Pound and US Dollar weakened against Japanese Yen, with GBP/JPY testing its lowest level in over two and half years at 126.55. Meanwhile, USD/JPY printed 105.05 – Its lowest level in over seven months. This week the Relative Strength Index (RSI) climbed above 30 on GBP/JPY, then moved […]
Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in the New York session, the US Retail Sales Control Group came in better-than-expected at 1% […]
Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months The benchmark ASX 200 index closed 2.9 per cent lower at 6,408, a stunning retreat from its record high reached on July 30. It was the worst one-day fall for the benchmark […]
Singapore: STI Index (.STI) hurt by losses in financial sector U.S. curve inverts for first time in 12 years Singapore hurt by losses in financial sector Vietnam claws back ground to end 1.1% higher Most Southeast Asian stock markets ended lower on Thursday, tracking a global downturn in equities as an inversion in the U.S. […]
New Zealand Dollar: NZD/USD (NZD=X) pullback higher looks exhausted NZD/USD has been on a bearish trend for more than a month since it reversed at the middle of July. The trend was pretty strong in the first couple of weeks and the smaller period MAs such as the 20 SMA (grey) and the 50 SMA […]
Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Gold and silver prices are weaker in early U.S. trading Thursday. Some upbeat U.S. economic data has put some added downside pressure on the metals. The markets are also pausing to see how early trading unfolds in the U.S. stock market, following overnight developments on the U.S.-China trade war front. […]
Hong Kong: Hang Seng Index (.HSI) lifted by property related stocks Shares in Asia were mixed Thursday afternoon as the main yield curve in U.S. Treasurys inverted, triggering fears over the state of the U.S. economy. In mainland China, stocks rose on the day following an earlier slip. The Shanghai composite gained 0.25% to 2,815.80, […]
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Facebook, Inc. (NASDAQ:FB) admits conversations were recorded but says it will no longer do so Facebook has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to sources. The work has rattled the contract employees, who are not told where the audio was recorded or how it […]
Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature The biggest problem with Twitter? The product never changes. That’s what analyst Nate Elliott said back in 2015 when the microblogging social network was under tremendous pressure to show Wall Street it was capable of user growth. […]
Tesla, Inc. (NASDAQ:TSLA) loss of executives from critical positions and quick departures by external hires have been “worrisome” Tesla Inc.’s executive turnover is higher than major Silicon Valley-based technology companies and is particularly acute among those reporting to Chief Executive Officer Elon Musk, according to a Bernstein analyst. The electric-car maker has been changing over […]
Dow Jones Industrial Average (.DJI) fell 800 points on Wednesday, its biggest one-day fall this year The Dow Jones Industrial Average fell 800 points on Wednesday, its biggest one-day fall this year, after data showed world economic growth slowing further, undermined by President Trump’s trade protectionism, leading the U.S. Treasury yield curve to invert and […]
NASDAQ Composite (.IXIC) volatility has been rampant amid the ongoing trade war uncertainty The Nasdaq 100 traded lower on Wednesday alongside a troubled Dow Jones and S&P 500. While all three indices fell under pressure, the Nasdaq enjoys a bounty of technical support nearby relative to the other indices. Paramount among these levels is the […]
Macy’s, Inc. (NYSE:M) tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates Macy’s plunged as much as 18% Wednesday after reporting second-quarter earnings that fell short of analyst estimates. The department store also cut its full-year profit projections. The share losses marked the lowest intraday levels since 2000 for Macy’s. The company’s CEO […]
Alibaba Group Holding Limited (NYSE:BABA) set to report its June quarter results Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability, however, is likely to be improved. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion […]
United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears Oil prices sank 3% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude dropped 3.2%, to $59.36 a […]
The Tariff Threat to Apple Inc. (NASDAQ:AAPL) Stock Is Real Headline risk is a tricky thing for an investor. Sometimes the headlines in the media are real issues that affect the real value of a company. Other times, they are just clickbait that spooks traders in the near term. But when it comes to the […]
CBS Corporation (NYSE:CBS) stock heads for worst day in 8 years CBS Corp.’s pending reunification with Viacom Inc. is eliciting strong reactions on Wall Street, with at least two analysts downgrading CBS’s stock after the merger announcement and one upgrading it. The most dramatic move came from Bernstein’s Todd Juenger, who bumped his rating on […]
NVIDIA Corporation (NASDAQ:NVDA) due to report its fiscal second-quarter earnings after the market close Here is a snapshot of Wall Street’s expectations and some recent history. • Nvidia stock (ticker: NVDA) has risen about 17% this year, versus the S&P 500 index, which has gained nearly 17%, and the Nasdaq Composite, which has rallied roughly 21%. • […]
Bitcoin: USD/BTC (BTC=X) short term outlook remains a volatile one The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. On August 14, beginning at 12:00 UTC, BTC began to fall sharply from $10,862 to as low as […]
Ethereum: USD/ETH (ETH=) price on a bear roller to $181 Ethereum price analysis reveals that Ethereum (ETH) prices have been on a rollercoaster since August 6 when it reached two hundred and forty dollars ($240) high that was followed by a decline. The decline that started on the same day had more far-reaching consequences. On […]
Mahanakhon Bangkok SkyBar, Thailand’s highest restaurant and bar is now open on the 76th and 77th floor of Bangkok’s landmark destination, King Power Mahanakhon. Mr. Marc Begassat, Managing Director of King Power Mahanakhon, said: “Following the successful launch of Thailand’s highest observation deck last November, it is a pleasure to announce the opening of Mahanakhon […]
Bitcoin: USD/BTC (BTC=X) struggling to elevate itself above $11,600 Following months of wildly erratic volatility, which saw the world’s dominant cryptocurrency experience some of the most dramatic peaks and troughs in its ten-year history, it entered August with an apparent determination to flatline. While treating this as welcome respite from a spell of immense unpredictability, […]
FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil The FTSE Bursa Malaysia KLCI (FBM KLCI), Malaysia’s gauge of the 30 largest stocks, closed below the critical 1,600 level yesterday as global markets roiled amid ongoing protests in Hong Kong, fears of a protruded US-China trade war and a crash […]
DAX PERFORMANCE-INDEX (.GDAXI) maintaining the zone of resistance established last week The picture here is very similar to the FTSE 100, as the DAX fails to move through 11,800, maintaining the zone of resistance established last week. Further declines head to 11,540 and 11,340. The low from last week mirrors the bounce from this zone in late […]
UK FTSE 100 (.FTSE) tumbled to its lowest in more than two months after the yields on 10-year U.S. and UK government bonds fell Britain’s FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year U.S. and UK government bonds fell below two-year equivalents for the first […]
Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country’s’ economic health. The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index […]
New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies The New Zealand Dollar is trading flat early Wednesday with prices continuing to flatline around the mid-point of the August 7 wide-range trading session. That was the day that the Reserve Bank of New […]
Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted The US dollar broke down a bit during the trading session on Wednesday, dropping from the ¥107 level. This is an area that was previous support, so the fact that it has offered resistance should not be a huge surprise. With that in mind I believe that […]
Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major US indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time […]
Hong Kong: Hang Seng Index (.HSI) trimmed gains as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city. The Hang Seng […]
British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts The pound US dollar exchange rate is holding steady, with the pairing fluctuating around $1.205. UK inflation figures for July beat forecasts, rising from 2.0 percent to 2.1 percent – overshooting the Bank of England’s (BoE) 2 percent target. However, the year-on-year Retail Prices […]
Canadian Dollar: USD/CAD (CAD=X) retracement continues It was a month ago now that USD/CAD had bottomed-out. While the pair had spent much of the prior 17 months trending-higher, sticking to a bullish trendline for much of the time, the month of June brought a strong change of pace as the US Dollar fell while the Canadian Dollar […]
Silver 1 OZ 999 NY (XAG=X) moderately higher amid heightened concerns about slowing world economic growth Gold and silver prices are moderately higher in early U.S. trading Wednesday. Safe-haven demand continues to be featured for the two precious metals at mid-week, amid heightened concerns about slowing world economic growth. Geopolitics also remains close to the front burner of […]
Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
Singapore: STI Index (.STI) may bounce back Market is seen opening higher tracking strong leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell. The all-India general Consumer Price Index (CPI) […]
Euro: USD/EUR (EUR=X) Choppy As Recession Indicators Flash Red The Euro to US Dollar (EUR/USD) exchange rate has had a turbulent few sessions to say the least with price action – albeit confined to a $1.116 to $1.124 range – choppy over the last week amid mixed economic signals from both the US and Eurozone […]
Australian Dollar: USD/AUD (AUD=X) likely that we should continue to see downward pressure The Australian dollar initially tried to rally during the trading session on Wednesday, but then broke down significantly to reach towards the bottom of the recent consolidation. That being said, it looks as if the Australian dollar is going to continue to reach […]
Tesla, Inc. (NASDAQ:TSLA) has got something no one else in the auto world has Tesla (NASDAQ:TSLA) stock is down 30% in 2019. However, in 2018, TSLA stock rose 6.9%, which was better than most of the other major auto stocks. Yet TSLA continues to face an ongoing battle for survival. It seems not a day goes by when someone […]
United States Oil (USO) fell after industry data showed U.S. crude inventories unexpectedly rose last week Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some gains from the last session that were stoked after Washington said it would delay tariffs on some Chinese goods. The move […]
Alibaba Group Holding Limited (NYSE:BABA) investors digest the implications of the trading war between the U.S. and China Wall Street is eagerly awaiting Alibaba’s (BABA) Thursday morning earnings, as investors digest the implications of the trading war between the U.S. and China. The Chinese e-commerce giant has been battling the trade war, which plays a […]
Amazon.com, Inc. (NASDAQ:AMZN) now trading near a trio of trendlines that have marked attractive entry points for a long trade in the past It’s been a rough August for the U.S. stock market, with the tech sector taking a notable hit on escalating U.S.-China trade rhetoric. This weakness may have created buying opportunities among individual names, […]
NASDAQ Composite (.IXIC) end higher amid trade optimismBouncing back from the steep losses of the previous day, US stocks closed higher, as the market was supported by easing US-China trade tensions. The Dow Jones Industrial Average increased 372.54 points, or 1.44 percent, to 26,279.91 on Tuesday. The S&P 500 was up 42.57 points, or 1.48 […]
Donald Trump’s easing of tariffs sent the Dow Jones Industrial Average (.DJI) higher News that Donald Trump would delay the imposition of tariffs on some Chinese goods sent the Dow Jones rocketing today. Beware, though, because it’s a head fake before the inevitable crash. The Dow Jones Industrial Average rose 372 points to 26,280, an increase of 1.44 percent on […]
Alphabet Inc. (NASDAQ:GOOG) Traders See Price Errors at Close Apple Inc., Google-parent Alphabet Inc. and other major stocks had a bizarre last few minutes of trading Tuesday, as data glitches hampered U.S. markets for a second day. The drama came at the close, following a day in which Apple had calmly traded above $208 for […]
What the China tariffs mean for Apple Inc (NASDAQ:AAPL) It looks like Apple Opens a New Window. is, at least for the time being, dodging a bullet in the trade war between the U.S. and China Opens a New Window.. The U.S. Trade Representative on Tuesday announced the 10 percent tariff Opens a New Window. that was set to hit $300 […]
Ethereum: USD/ETH (ETH=) struggling to correct higher above the $215 resistance In the past few sessions, there was a steady decline in ETH price from the $216 resistance against the US Dollar. More importantly, bitcoin price gained bearish momentum and declined towards the $10,500 bearish target (as discussed in the weekly forecast). However, Ether’s price […]
Facebook, Inc. (NASDAQ:FB) paying hundreds of outside contractors to transcribe clips of audio from users of its services Facebook Inc. has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not […]
Chipotle Mexican Grill (NYSE: CMG) announced today that over 2,600 employees across 135 restaurants qualified to earn up to an extra week of pay as a result of its newly announced crew bonus program. If restaurant teams meet certain criteria such as predetermined sales as well as cashflow and throughput goals every quarter, they’ll have the opportunity […]
Bitcoin: USD/BTC (BTC=X) needs to break above $13,200 to revive the stalled bull market Bitcoin (BTC) now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests. The top cryptocurrency by market value created an “inside bar” pattern in July, with the monthly high and low of $13,200 […]
JD.com, Inc. (NASDAQ:JD) surges after the China-based e-commerce company reported second-quarter earnings that beat expectations Shares of JD.com Inc. JD, +12.89% surged 6.7% in active premarket trading Tuesday, after the China-based e-commerce company reported second-quarter earnings that beat expectations. Trading volume topped 1.3 million shares, making the stock the most actively traded ahead of the open. The company […]
Step Up In Trip Sparks Arthur’s Court Win A step up in trip saw the Hugo Palmer-trained Arthur’s Court (2c Camelot – Logjam, by Royal Academy) gain his maiden win at Windsor on Monday evening. Placed last time out over seven furlongs, he was given a hold-up ride on his first start over a mile, as James Doyle waited […]
China has banned all cryptocurrency startups and transactions. Authorities have also shut down 100 exchanges since 2017 due to the trading of the digital coins. According to a Peoples Bank Of China official, China will be releasing its own coin sometime soon. This is said to be an aim to control cryptocurrency circulation, especially since […]
Anniversaries, traditionally, are a time for reflection. But Vietnam’s top rated golf course, The Bluffs Ho Tram Strip, is is fixed on the future as it celebrates its 5th birthday this year. Since opening in 2014, the Greg Norman-designed course has helped raise the bar for the game in Vietnam in a number of ways. […]
130 years after its inauguration at the 1889 World Fair, the Eiffel Tower is more than ever a must-see monument in Paris! From concerts and exhibitions to the transformed gardens and new restaurants by Thierry Marx and Frédéric Anton, here are some good reasons to (re)discover the many facets of this inimitable Parisian symbol. On […]
Singapore: STI Index (.STI) headed for its weakest annual growth rate in a decade Singapore is headed for its weakest annual growth rate in a decade. It’s blaming its troubles on the US-China trade war. The country warned Tuesday that economic growth could fall to 0% this year. Previously, it predicted its economy would grow […]
Australia: S&P/ASX 200 (ASX:.AXJO) on track for a strong open Shares in New York surged, paced by Apple, as the US said it would delay imposing tariffs on some Chinese products. That bolstered risk sentiment and puts the ASX on track for a strong open. ASX futures were up 32 points or 0.5% to 6524 […]
New Zealand Dollar: NZD/USD (NZD=X) breaches 2019 support shelf, challenging 2018 bottom The New Zealand Dollar extended lower after breaking the bounds of the upswing from mid-June, pushing below the support shelf in the 0.6482-96 area to challenge the October 2018 low at 0.6425. A daily close underneath that exposes the January 2016 bottom at 0.6348 next. […]
Japanese Yen: USD/JPY (JPY=X) Retail trade data shows that 71% of traders are net-long USD/JPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.49 to 1. In fact, traders have remained net-long since May 03 when USD/JPY traded near 111.977; price has moved 6.1% lower since then. […]
British Pound: USD/GBP (GBP=X) sees tepid gains, to remain heavy The latest UK labour market data has beaten expectations, and should provide Sterling with some short-term support but we remain of the view any strength in the currency should ultimately remain limited in nature. According to the ONS, Average Earnings – excluding bonuses – read […]
DAX PERFORMANCE-INDEX (.GDAXI) sell-off expected to gather pace The DAX has similarly turned lower, with the break below 11,748 paving the way for a bearish decline. We have seen that bearish picture develop since then, and with prices forming continued lower highs and lower lows, it looks like we could see further selling come into play. A […]
FTSE Bursa Malaysia KLCI (.KLSE) remains in the red Bursa Malaysia remained in the red across board at mid-morning due to continuous sell-offs, mainly involving banking stocks. At 11.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 18.60 points to 1,596.45 from Friday’s close close of 1,615.05. The benchmark index opened 0.20 points easier at […]
Silver 1 OZ 999 NY (XAG=X) posting good gains Gold and silver prices are posting good gains in early U.S. trading Tuesday, with gold notching a six-year high and silver at a 1.5-year high. Safe-haven demand for the two precious metals is featured early this week, as protesting and civil unrest in Hong Kong has escalated. There are […]
Gold 1 OZ (XAU=X) notching a six-year high Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
Australian Dollar: USD/AUD (AUD=X) traders seem to be shrugging off concerns over U.S.-China trade relations The Australian Dollar is edging higher on Tuesday, bucking the weaker trend in the global financial markets. Traders also seem to be shrugging off concerns over U.S.-China trade relations that appear to be having a slightly negative effect on higher-risk […]
Euro: USD/EUR (EUR=X) possible headwinds ahead German services PMI slowed to 54.5 in July, down from 55.8 a month earlier. The eurozone indicator also lost ground, falling from 53.6 to 53.2. Germany’s industrial numbers were mixed. Factory orders jumped 2.5% in June, rebounding from a decline of 2.2% in May. However, industrial production posted a […]
Resort’s internships lead to two scholarships for local students to attend university KOH SAMUI, Thailand (August 13, 2019) — Lots of luxury hotels give back to their local communities these days, and none more so than Banyan Tree Samui. The Thai resort has been awarded a “Gold Certification” by EarthCheck, the world’s leading scientific watchdog […]
Shanghai: SSE Composite Index (.SSEC) stocks fall as bank lending disappoints Chinese shares fell on Tuesday after data showed banks extended fewer-than-expected new loans in July. The Shanghai Composite index closed down 0.6% at 2,797.26, while the blue-chip CSI300 index ended 0.9% lower. The smaller Shenzhen index ended down 0.7% and the start-up board ChiNext […]
UK FTSE 100 (.FTSE) higher and US shares headed north too as tensions eased over US/ China trade FTSE 100 closed the day higher and US shares headed north too as tensions eased over US/ China trade. Britain’s blue-chip index clocked off 24.18 points higher at 7,250.90. The mid-cap index FTSE 250 also rose – up […]
Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest In the still developing camp of potential USD-weakness scenarios, USD/CAD may soon become of interest. The pair was in a hard-bearish trend during June and the first-half of July, eventually finding support just above the 1.3000 handle. A bullish reversal then followed and that’s lasted pretty much ever […]
Hong Kong: Hang Seng Index (.HSI) protests spark capital outflow fears Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness. The Hang Seng Index .HSI fell 2.1% to 25,281.30 points on Tuesday, down 16% from the […]
Price of Bitcoin: USD/BTC (BTC=X) has been moving in the same direction as gold since June The correlation between bitcoin and gold has increased two times recently, writes Bloomberg. This measure over the past year is 0.496, but for the last three months it has spiralled up to 0.837. (A correlation coefficient of 1 indicates […]
US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Amazon.com, Inc. (NASDAQ:AMZN) stock Is at Critical Support Levels In recent weeks, Amazon stock went on a record eight-day losing streak that saw it drop over 10% after a slight earnings miss in EPS. The decline included a 6% drop alone in the week ending Aug. 2 when Jeff Bezos sold nearly $3 billion worth […]
