Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong […]

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70 The pair has now faded the earlier spike to multi-day highs in the 113.90 area and it has returned to the 113.70 region, turning negative for the day. The now bearish performance in spot follows the drop in yields of the key US 10-year […]

British Pound: USD/GBP (GBP=X) consolidating at key support level

British Pound: USD/GBP (GBP=X) consolidating at key support level

British Pound: USD/GBP (GBP=X) consolidating at key support level GBP/USD has managed to remain above the $1.2823 support level this morning, following a fall into the crucial $1.2723 support level. The bearish trend looks likely to sustain given the rising likeliness of a harder form of Brexit, with UK Prime Minister Theresa May’s proposal failing to […]

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade U.S. Mint sales of gold and silver coins may be on pace for the lowest totals in more than a decade, said the consultancy Metals Focus. Price is a factor that affects coin sales. Further, the 2016 […]

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs Local shares snapped four days of gains yesterday after fresh threats from United States President Donald Trump to widen the scope of tariffs on Chinese imports spooked investors. The cautious mood sent the Straits Times Index (STI) […]

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker The stock of Apple is “front and center” in this bear market, and the weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker, CNBC’s Jim Cramer said […]

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies Tech giants like Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) have deserved a great deal of the criticism they’ve garnered of late for prying a little too deeply into users’ digital lives. Neither company, however, has experienced the kind of scrutiny […]

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China One of the first investors in China’s biggest search engine said Tuesday that Google has “a chance” of making it in China. Speaking at the CNBC East Tech West conference in the Nansha district of Guangzhou, China, the managing partner of venture capital […]

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books Netflix is pushing further into kids content with a new deal to animate popular Roald Dahl books. The company announced Tuesday that it plans to roll out “animated event series and specials” based on books like “Charlie and the Chocolate Factory,” “The BFG,” “Matilda” and “The […]

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days Jack Ma, executive chairman of China’s largest e-commerce platform Alibaba, has been a member of the 89.6 million-strong Communist Party since his university days in the 1980s. Alibaba owns the South China Morning Post. Back then, Ma was […]

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 […]

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce Stocks closed higher after a choppy session on Tuesday as comments from President Donald Trump’s top economic advisor sparked some hope the U.S. and China will strike a compromise on trade. The Dow Jones Industrial Average rose 108.49 points to 24,748.73, while […]

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week Stocks closed slightly higher in a choppy session as the Dow Jones Industrial Average and S&P 500 outperformed the Nasdaq Composite Index. The Dow tumbled early in the session but managed to climb back and close higher […]

Twitter, Inc. (NYSE:TWTR) deserves a special consideration

Twitter, Inc. (NYSE:TWTR) deserves a special consideration

Twitter, Inc. (NYSE:TWTR) deserves a special consideration Not all social media stocks are created equal. Consider Twitter (NYSE:TWTR), for example. Experts judge it on its user metrics strictly from the counts. Wall Street is obsessed with the number of active members, and this is a problem for the stock. This also ties it to stocks […]

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October Shares of electric car maker Tesla fell in Tuesday’s premarket following a report that its vehicle sales in China plunged 70 percent in October from a year ago. An official at China’s passenger car association reportedly told Reuters that data from the industry body […]

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20 Oil prices dipped on Tuesday, weighed down by uncertainty over the US-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming Opec meeting. Brent crude futures fell 27 cents […]

Fusion Appoints New General Manager at Fusion Resort Phu Quoc

Fusion Appoints New General Manager at Fusion Resort Phu Quoc

Fusion Appoints New General Manager at Fusion Resort Phu Quoc Industry vet Peter Neto has signed up for a second tour with wellness-inspired hospitality group, Fusion, and for another stint in the emerging tourist destination of Phu Quoc, Vietnam. Neto’s most recent role was as GM of The Taaras Beach & Spa Resort in Malaysia […]

Billy Slater Saddles Up for Magic Millions January 2019

Billy Slater Saddles Up for Magic Millions January 2019

Billy Slater Saddles Up for Magic Millions January 2019 Recently retired Rugby League superstar Billy Slater has signed as an Ambassador for the 2019 The Star Gold Coast Magic Millions Carnival. Slater, a former trackwork jockey for trainer Gai Waterhouse, will play in the Celebrity v Jockeys game ahead of fellow Magic Millions Ambassadors Zara Phillips […]

Magic Millions Racing Women Ignites Global Surge in Female Participation

Magic Millions Racing Women Ignites Global Surge in Female Participation

Magic Millions Racing Women Ignites Global Surge in Female Participation In just seven years, Magic Millions Racing Women (MMRW) has inspired thousands of women around the world to become actively involved in thoroughbred horse racing and has injected millions of dollars into the industry. Nearly 1000 horses have been registered over seven years for the $500,000 […]

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface Stocks in Hong Kong and China both fell on Tuesday on concerns that the world’s two largest economies will fail to reach any agreement on resolving the trade war at the G20 summit later this week. China stocks were mixed after the […]

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh Expectations of a frosty reception in Parliament for the UK’s Withdrawal Agreement have driven more downside in GBP/USD, and the price is now heading towards the lows of late October at $1.2680, and then the August low at $1.2661. Rallies of late have run into heavy selling […]

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism The Singapore stock market has moved higher in four straight sessions, advancing almost 65 points or 2.1 percent along the way. The Straight Times Index now rests just above the 3,090-point plateau and it’s got another green light again on Tuesday. […]

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers The sellers have reasserted their control over the last few days, with the EUR/USD’s rally towards $1.15 providing a selling opportunity. Below $1.13 the price heads towards to the $1.1215 lows of earlier in the month. In the short term, the price may bounce, but any move back towards […]

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting The Hong Kong Hang Seng Index traded evenly and fell slightly on Tuesday, shrugging off positive Wall Street cues as investors mulled the pending G-20 meeting and the prospects for higher interest rates in the US. President Donald Trump is expected to meet […]

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift Australia stocks were higher after the close on Tuesday, as gains in the IT, Telecoms Services and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.00%. The best performers of the session on the S&P/ASX 200 were Afterpay Touch Group Ltd (AX:APT), which […]

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next The Canadian dollar is almost unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3244, down 0.06% on the day. In economic news, there are no Canadian events. The U.S. releases CB Consumer Confidence, which is forecast to dip to 136.2 points. On Wednesday, the U.S. publishes Preliminary […]

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives The dollar continues to find its feet, with a sustained pickup in USD/JPY over the past week. Gains yesterday stalled at ¥113.64, but above here the ¥114.00 area comes into view, followed by the peak from October at ¥114.50. Dips towards ¥113.00 would still be potential buying opportunities. Overall, the bias […]

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago Tesla’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker. An official from China […]

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party Jack Ma, co-founder of China’s most valuable company, was officially confirmed as a member of the Communist Party in a state-backed newspaper recognizing business leaders for their contributions to the country’s development. Ma, co-founder and chairman of e-commerce giant Alibaba Group Holding […]

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500 There were continuous declines in bitcoin price from the $5,700 swing high against the US Dollar. BTC/USD declined steadily and broke many supports, including $4,800, $4,400, $4,020 and $3,860. A new yearly low was formed at $3,651 and later the price […]

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts Apple (NASDAQ:AAPL) stock bulls are overlooking multiple, large negative catalysts that the company is facing in the short-to-medium term. Given these strong headwinds, many of which are interrelated and feed on each other, the Apple stock price will probably be significantly lower in six months from where it […]

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday U.S. stock benchmarks staged a powerful rebound to end Monday trade following the worst Thanksgiving week performance since 2011. The Dow Jones Industrial Average DJIA, +1.46% closed with a gain of about 354 points, or 1.5%, at 24,640, the S&P 500 […]

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang International Brent crude oil futures LCOc1 briefly dipped below $60 per barrel before rising back to $60.33 at 0746 GMT, down 15 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down […]

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling The recent stock market rout has been unkind to hyper-growth glamour stocks, and especially so to Facebook (NASDAQ:FB). The digital-advertising and social-media juggernaut has been plagued by data-protection scandals, regulatory threats, slowing growth, and falling margins, all against the backdrop of a market worried about a looming recession. […]

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat European stocks are likely to open on a cautious note Tuesday after U.S. President Donald Trump said he would likely raise the punitive tariffs on $200 billion of Chinese goods. He also threatened to impose tariffs on all remaining Chinese imports, if upcoming trade talks fail […]

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View Google has paid $US1 billion to buy a large business park near its Mountain View, California, headquarters, according to a Mercury News report on Monday. The business park Google will acquire in the deal is larger than the Googleplex […]

3 Hot German Stocks Covestro, Wirecard, MBH

3 Hot German Stocks Covestro, Wirecard, MBH

3 Hot German Stocks Covestro, Wirecard, MBH Covestro AG (1COV.DE) Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and […]

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown EUR/USD has been breaking lower since hitting trendline resistance last week. The fall below trendline support led us to further declines, with the short term creation of lower highs and lower lows providing us with the potential of further downside from here. Given this recent period of weakness, there […]

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown Gold futures are trading higher on Monday shortly before the regular session opening. The market is being supported by fears of a slowdown in global economic growth which could curtail central bank attempts to raise rates, especially the U.S. Federal Reserve. Uncertainty over trade dispute […]

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions The Australian sharemarket surrendered most of the low-volume gains made late last week after US stocks fell on Friday and tumbling commodity prices saw heavy selling of resource stocks. Major-bank bargain hunting halved early losses on the S&P-ASX 200 index to 0.4 per cent […]

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next The Japanese yen has ticked higher in the Monday session. In North American trade, USD/JPY is trading at 113.46, up 0.45% on the day. On the release front, Japanese Flash Manufacturing PMI dipped to 51.8, shy of the estimate of 53.0. This marked a 4-month low. Later in […]

British Pound: USD/GBP (GBP=X) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD sold off sharply on Friday, as the pair continues to exhibit strong retracements within its recent recovery. There are still questions over whether we are currently seeing a retracement of the $1.3072-$1.2724 sell-off. However, for now it looks likely we will overcome the $1.2927 peak from […]

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite China stocks shed early gains to end lower on Monday as investors weighed the confluence of risks in the upcoming U.S.-China trade talks, Chinese economy and global oil prices. Financials were the outliers, anchoring the market and steadying the major indices. At close, the Shanghai […]

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level The Australian dollar kicked off the week very positively, breaking towards the 0.73 level. However, by the time the Americans came on board it was already rolling over and showing signs of exhaustion above the 0.7250 level. Because of this, I think it’s only […]

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011 Stocks fell on Friday as some of the most popular technology shares were under pressure once again, while a steep drop in oil prices also weighed on equities. The Dow Jones Industrial Average dropped 178.74 points to 24,285.95 while the S&P 500 […]

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China Alibaba Group Holding Ltd.’s (BABA) stock has fallen nearly 30% from its June highs. The shares of the China-based e-commerce giant have been weighed down by rising trade war tensions between the U.S. and China. Now with the G20 […]

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling?

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling?

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling? Damaging revelations about how Facebook’s leaders mishandled Russian efforts to disrupt the 2016 American election are beginning to take a measurable toll, with the company’s stock plunging to a yearly low. The entire tech sector has been battered, with members of the FAANG group — Facebook, Apple, Amazon, […]

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside the United States will prevent shares from advancing over the next year, according to Goldman Sachs. “In addition to weakness in demand for Apple’s products in […]

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years Share of Google parent Alphabet Inc. GOOGL, -1.28% has dropped into bear market territory for the first time in seven years in afternoon trade Monday, amid a broad and sharp selloff in the technology sector. The stock was down 3.6%, on […]

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling This year hasn’t been especially fun for Twitter (NYSE:TWTR) shareholders. Twitter stock started 2018 with a bang, jumping from 2017’s closing price of $24 to June’s high around $47. Since then, however, TWTR stock has dropped as low as $26.19 and has risen only to the $32 range. […]

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000 This past week, there was a tiny upside correction above the $4,300 level in bitcoin price against the US Dollar. However, the BTC/USD pair failed to gain traction above the $4,400 and $4,500 resistances. As a result, there was a sharp downside move and the price […]

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington Chinese stocks slumped into the weekend Friday, ahead of a crucial week in the future of the trade war between Beijing and Washington. The Shanghai Composite, China’s benchmark share index, dropped just shy of 2.5% of its […]

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good Gold futures finished nearly flat last week as investors renewed their struggle with the U.S. Dollar. The week started out promising for gold bulls as investors reacted to a weaker dollar. The greenback was driven lower by speculators betting on dampening inflation concerns and […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

Singapore: STI Index (.STI) Set to Slide at Open

Singapore: STI Index (.STI) Set to Slide at Open

Singapore: STI Index (.STI) Set to Slide at Open Overall, the bias in prices is: Downwards. The projected upper bound is: 3,134.76. The projected lower bound is: 2,967.05. The projected closing price is: 3,050.90. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 […]

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally This week precious metals traders will be focusing their attention on Thursday’s minutes of the Federal Reserve’s latest meeting, the dollars response to the Fed policy outlook and Friday’s looming U.S.-China trade talks. U.S. President Donald Trump is due to hold talks with […]

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected The Dollar/Yen put in a mixed performance last week before closing higher. The price action was a little skewed last week due to thin trading conditions because of bank holidays in the United States and Japan. The Forex pair started the week under pressure as investors continued to […]

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy The Euro avoided major losses against the US Dollar for most of the week, as investors sold the US Dollar from its highs amid profit-taking and speculation of a more dovish Federal Reserve. Multiple comments from Federal Reserve officials predicting that global growth would slow in […]

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead Spot gold has stood strong against a weaker dollar, with the precious metal’s spot price hovering at around $1228 – one of the highest levels it has seen since 11 November where it hit $1230 per ounce. The price of gold is tracking […]

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now The price for EUR/USD has recovered from the steep losses seen on Tuesday, leaving the uptrend from the November lows intact. Further gains above $1.1420 would target $1.1460, and then on to $1.1554. A move back below $1.1360 would invalidate the bullish view and give the sellers the upper hand. […]

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower Australian shares rebounded from a 21-month low and ended a four-day losing streak on Thursday, as lithium miners and major banks led the market higher. The S&P/ASX 200 Index rose 48.5 points, or 0.9 per cent, to 5691.3 while the broader All Ordinaries advanced 48.2 points, or 0.8 per […]

Singapore: STI Index (.STI) Slightly Higher

Singapore: STI Index (.STI) Slightly Higher

Singapore: STI Index (.STI) Slightly Higher Singapore stocks closed the session slightly higher on Thursday, with the Straits Times Index rising 2.73 points, or 0.1 per cent to 3,041.38. Losers outnumbered gainers 193 to 170, after about 1.22 billion shares worth S$669.8 million changed hands. The most actively traded counter was Rich Capital, which fell 12.5 per […]

British Pound: USD/GBP (GBP=X) hovers above support

British Pound: USD/GBP (GBP=X) hovers above support

British Pound: USD/GBP (GBP=X) hovers above support The price of GBP/USD has been pushed back to support at $1.2773 but is holding for now. Further declines would target $1.2720, the low from last Thursday, while a bounce would have to clear $1.2870 and then break trendline resistance from the November high at $1.3160 to suggest the buyers […]

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected The Australian dollar rebounded on Wednesday after a shellacking a session earlier, helped by an improvement in investor risk appetite. Light volumes and position squaring ahead of Thanksgiving in the States largely explain the move given an absence of major news during the session. After beginning trade at […]

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes Though there was a bit of stability yesterday, the decline would continue. First we expect BTC/USD to pull back ideally towards the $5,000–$5,500 before bear trend resumes. As we have seen, price drops are affecting chip-set manufacturers, investors and crypto payment processors as enthusiast refrain from spending BTC. That […]

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade. The benchmark S&P/ASX200 index was down 63.5 points, or 1.12 per cent, to 5,608.3 at 1030 AEDT on […]

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts Stock markets in mainland China and Hong Kong reversed earlier losses to close higher on Wednesday, shrugging off an overnight rout in US shares. They bucked declines elsewhere in Asia that took their cues from a sell-off in the US, as traders re-assessed […]

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30 Technically, gold bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the November high of $1,239.30. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at the September […]

Singapore: STI Index (.STI) trading sets stage for negative start

Singapore: STI Index (.STI) trading sets stage for negative start

Singapore: STI Index (.STI) trading sets stage for negative start A steep fall in US stocks for the second straight day on renewed global growth concerns does not bode well for domestic stocks, which stare at a gap-down opening on Wednesday. The only silver lining is the 6 per cent plunge in crude prices overnight, […]

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout AUD/USD is turning higher from the 76.4% retracement, following a recent breakout through $0.7315 resistance. That break negates the wider bearish outlook, pointing towards a potential period of upside. With that in mind, the respect of the 76.4% retracement level at $0.7205 points towards a […]

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower GBP/USD fell below the $1.2794 support level yesterday, raising the chances of further downside for the pair. The recent rebound always looked like a retracement, yet the size of that rebound is always going to be difficult to anticipate. However, with the failure […]

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts Stock markets in mainland China and Hong Kong reversed earlier losses to close higher on Wednesday, shrugging off an overnight rout in US shares. They bucked declines elsewhere in Asia that took their cues from a sell-off in the US, as traders […]

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance EUR/USD has been selling off from trendline resistance this week, with a particularly deep rally coming close to the bullish breakout threshold of $1.15. However, for now we are caught between two trendlines, with the price rallying back towards the resistance once more. A break through $1.15 would […]

Larneuk’s Exciting Young Stallion Cluster

Larneuk’s Exciting Young Stallion Cluster

Larneuk’s Exciting Young Stallion Cluster by Kristen Manning Larneuk’s exciting young stallion Cluster is off and rolling with his very first runner – the promising Gee Gees Darl – recording such a gutsy victory at her Hobart debut on Saturday. First catching the eye when fetching $45,000 at the Tasmanian Magic Millions where she was […]

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling The underlying reasons for the doubts about Twitter stock aren’t tough to figure out. TWTR’s rival, Facebook (NASDAQ:FB), noted in July that its sales growth would be slowing going forward, and the social networking giant’s third-quarter results showed that its warning was accurate. Meanwhile, newcomer Snap (NYSE:SNAP) — […]

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems There’s been a low-key buzz — a hum if you will — around Mercedes-Benz and Tesla potentially partnering in the future. Of course, whether a partnership will ever unfold remains a big question mark. And if one does come to light, the […]

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects  Despite the obvious specter of a full-blown trade war, Alibaba (NYSE:BABA) shareholders have a big reason to smile. Just a little over a week ago, the company launched its annual Singles Day, an unofficial shopping holiday in China. On paper, the results should boost long-term prospects for […]

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide Facebook and Google parent company Alphabet stocks are now down for the year. While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative. Tech stocks overall were hit hard Tuesday as the Nasdaq […]