Will rate cut hopes be dashed

Will rate cut hopes be dashed

Asian Markets are trading slightly lower overnight as everyone waits for Jerome Powell’s testimony. Both the Hang Seng and Nikkei225 losing ground by 215 and 12 points respectively. Futures markets are still pricing in a 25 basis points cut later this month whilst there is now no indication of anything further. Markets are trading in […]

Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms

Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms

Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms As promised back in April, Amazon and Google have brought their popular video apps to each other’s respective streaming platforms. You can now download the official YouTube app on Amazon’s Fire TV Stick (second-generation and Basic Edition), Fire […]

Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X

Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X

Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X While most of the attention regarding Tesla (NASDAQ: TSLA) stock has recently been on the company’s Model 3, Tesla’s older and pricier models are still critical to the company’s success. Sure, the Model 3 now accounts for about 80% of the automaker’s quarterly deliveries, but the Model […]

Alibaba Group Holding Limited (NYSE:BABA) will be looking to display strength as it nears its next earnings release

Alibaba Group Holding Limited (NYSE:BABA) will be looking to display strength as it nears its next earnings release

Alibaba Group Holding Limited (NYSE:BABA) will be looking to display strength as it nears its next earnings release Alibaba (BABA) closed the most recent trading day at $168.80, moving +0.21% from the previous trading session. This change outpaced the S&P 500’s 0.12% gain on the day. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a […]

Facebook, Inc. (NASDAQ:FB) Breaks Out

Facebook, Inc. (NASDAQ:FB) Breaks Out

Facebook, Inc. (NASDAQ:FB) Breaks Out Facebook (FB) was breaking out. The social network advanced nearly 2% to climb past a 198.58 buy point. But like Amazon, volume was weak. Amazon (AMZN), which rose 2% to clear a 1,964.50 buy point of a cup base. Volume was flat at the breakout, however. The strongest breakouts tend to occur […]

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June

Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June China’s stocks extended their steepest decline in nine weeks on Tuesday, as concerns about global monetary policies and increased stock supply continued to weigh on sentiment. The Shanghai Composite Index fell 0.2 per cent to 2,928.19. The benchmark had tumbled 2.6 […]

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating

Silver 1 OZ 999 NY (XAG=X) consolidating Silver markets will of course be paid attention to what the US dollar does, which will be heavily influenced by Jerome Powell and whatever conversation he has with the U.S. Congress. At this point in time, the $15 level also features a major gap that has now been filled, […]

Twitter, Inc. (NYSE:TWTR) has the potential to become a much bigger force in media, denying an opportunity for Apple stock

Twitter, Inc. (NYSE:TWTR) has the potential to become a much bigger force in media, denying an opportunity for Apple stock

Twitter, Inc. (NYSE:TWTR) has the potential to become a much bigger force in media, denying an opportunity for Apple stock With each day that goes by, Twitter (NYSE:TWTR) becomes increasingly entrenched in our lives. Obviously, the prevalence of this social media platform boosts the case for TWTR stock. Unfortunately, the same cannot be said about Apple’s (NASDAQ:AAPL) subscription news […]

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month

Hong Kong: HANG SENG INDEX (.HSI) fell amid dampened expectations on the Fed cutting rates this month Asia Pacific stocks mostly declined on Tuesday amid dampened expectations on the Fed cutting rates this month. Mainland China shares mostly continued to fall after losses on Monday. The Shanghai composite edged down 0.18% to close at 2,928.23, […]

Alibaba Group Holding Limited (NYSE:BABA) is climbing back to its 52-week high, but is it time to buy?

Alibaba Group Holding Limited (NYSE:BABA) is climbing back to its 52-week high, but is it time to buy?

Alibaba Group Holding Limited (NYSE:BABA) is climbing back to its 52-week high, but is it time to buy? With U.S.-China trade talks entering a dètente, Alibaba (NASDAQ:BABA) shares have rebounded from about $150 in early June to $173 today. Although the trade talks are far from resolved, with Alibaba focused more on domestic Chinese retail than global […]

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade

Singapore: STI Index (.STI) dips as hopes for sizeable US rate cut fade Diminished hopes for a sizeable interest rate cut in the United States continued to affect local counters, especially in the real estate investment trust (Reits) sector. The iEdge S-Reit 20 Index was down 1.7 per cent to 1,445.77 yesterday. Reits had been […]

Japanese Yen: USD/JPY (JPY=X) returns to resistance

Japanese Yen: USD/JPY (JPY=X) returns to resistance

Japanese Yen: USD/JPY (JPY=X) returns to resistance In a milder version of the above in EUR/USD, US Dollar strength has pushed USDJPY back up to a resistance zone that’s been in-play for over a month. The big question is whether this can hold or whether US Dollar bulls pose a continued forward-push. A break-above the 108.80 swing-high […]

Tesla, Inc. (NASDAQ:TSLA) clearing price will rise significantly

Tesla, Inc. (NASDAQ:TSLA) clearing price will rise significantly

Tesla, Inc. (NASDAQ:TSLA) clearing price will rise significantly If you’re thinking about buying a Tesla, you may want to do that sooner rather than later — at least if you trust Elon Musk’s vision of the company’s future.  Answering a question on Twitter on whether consumers only have a limited time to buy a Tesla […]

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3

Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3 The Q3 open has so far seen a return of sellers in EUR/USD, following a month of June that saw bears get squeezed as US Dollar weakness had showed up. Behind that USD weakness was a seemingly dovish outlay at the Federal Reserve in which […]

United States Oil (USO) concerns surrounding energy demand lingers

United States Oil (USO) concerns surrounding energy demand lingers

United States Oil (USO) concerns surrounding energy demand lingers Oil futures diverged Monday, with U.S. prices up a third straight session while global benchmark Brent finished lower, as tensions with Iran, and the possibility of disruptions to oil flow in the Middle East, increased. Concerns surrounding energy demand, however, lingered. Geopolitical tensions with Iran have […]

Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network

Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network

Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network Google is reportedly in talks with satellite TV giant Dish Network (DISH – Get Report) to potentially create a fourth U.S. wireless carrier, even as Sprint (S – Get Report) and T-Mobile struggle to get their controversial merger cleared with federal and […]

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years

Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years Petroliam Nasional Bhd has suspended its licence issued to Barakah Offshore Petroleum Bhd’s unit over the non-performance of a contract. In a statement to Bursa Malaysia on Tuesday, Bakarah said its unit PBJV Group Sdn Bhd (PBJV) received a notification of suspension of the […]

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated

IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated. The company, in a filing with Bursa Malaysia today, said its wholly owned subsidiary, IJM Construction Sdn Bhd (IJMC), had received the notice of termination from MRCB George Kent Sdn Bhd on July 8. IJMC had been awarded the contract on March 13, […]

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade

Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Utilities sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.10%. The best performers of the session on the S&P/ASX 200 were Breville Group Ltd […]

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week

CBA eyes Australian Dollar: USD/AUD (AUD=X) consolidation above key level this week The Australian Dollar was on the defensive at the beginning of the new week but is tipped by analysts at Commonwealth Bank of Australia (CBA) to prevail in its ongoing scrap for a key level over the coming days.  Australia’s Dollar ceded ground to a […]

Facebook, Inc. (NASDAQ:FB) Key Levels

Facebook, Inc. (NASDAQ:FB) Key Levels

Facebook, Inc. (NASDAQ:FB) Key Levels Facebook, Inc. (FB) shares closed the first half of 2019 at $193.00, which became a key input to my proprietary analytics. The only level left over from the first half is its annual pivot at $181.70, which is now considered a value level. The daily chart shows a “golden cross,” […]

British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far

British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far

British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is attributed to a stronger dollar, although Sterling weakness has also been a significant factor. For the […]

Bitcoin: USD/BTC (BTC=X) Shorters Lose $44 Million in One Morning

Bitcoin: USD/BTC (BTC=X) Shorters Lose $44 Million in One Morning

Bitcoin: USD/BTC (BTC=X) Shorters Lose $44 Million in One Morning Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%.  Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having begun the day below $11,500.  On major exchanges, USD spreads […]

Dow Jones Industrial Average (.DJI) closes lower as Apple, Boeing shares slump

Dow Jones Industrial Average (.DJI) closes lower as Apple, Boeing shares slump

Dow Jones Industrial Average (.DJI) closes lower as Apple, Boeing shares slump U.S. stocks retreated Monday, but finished above session lows, as investors scaled back expectations for interest-rate cuts following last week’s strong June jobs report. What are major indexes doing? The Dow Jones Industrial Average DJIA, -0.43% fell 115.98 points, or 0.4%, to close […]

NASDAQ Composite (.IXIC) hopes of sharp rate cut fade

NASDAQ Composite (.IXIC) hopes of sharp rate cut fade

NASDAQ Composite (.IXIC) hopes of sharp rate cut fade U.S. stocks fell on Monday,pressured by a drop in Apple Inc following a broker downgrade,and as investors toned down expectations of an aggressiveinterest rate cut by the Federal Reserve later this month. Apple IncAAPL.O fell 2.1% and was the biggest drag on allthree main Wall Street […]

Apple Inc. (NASDAQ:AAPL) Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell”

Apple Inc. (NASDAQ:AAPL) Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell”

Apple Inc. (NASDAQ:AAPL) Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell” Apple has suddenly become one of the most polarizing stocks on Wall Street. Shares of Apple fell more than 2% Monday after an analyst at Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell. “Three analysts now rate Apple’s shares a […]

Top 12 Family Holidays Worldwide

Top 12 Family Holidays Worldwide

Top 10 Family Holidays Worldwide For parents, family travel is all about the three Ps: proximity, price and particulars.  You want a place that’s easy to get to, on a budget, with something for everyone.  Then, once you’ve found Nirvana (Buddhist heaven, not the band) the kids get older. They declare your perfect paradise to […]

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing

FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing Bursa Malaysia opened lower today, tracking Wall Street’s subdued closing last Friday. Market breadth was negative with 124 decliners outpacing 108 gainers, while 193 counters unchanged, 1,422 untraded and 20 others suspended. Turnover stood at 127.58 million units worth RM46.71 million. […]

UK FTSE 100 (.FTSE) stocks weaken as Fed rate cut hopes fade

UK FTSE 100 (.FTSE) stocks weaken as Fed rate cut hopes fade

UK FTSE 100 (.FTSE) stocks weaken as Fed rate cut hopes fade London’s FTSE 100 ended in the red on Monday as markets remained subdued on dampened hopes of a hefty rate cut by the U.S. central bank, while tobacco stocks jumped on Imperial Brands’ buyback and dividend revision plans. UK blue-chip index edged 0.1% […]

Shanghai: SSE Composite Index (.SSEC) stocks fall as U.S. rate cut expectations ease

Shanghai: SSE Composite Index (.SSEC) stocks fall as U.S. rate cut expectations ease

Shanghai: SSE Composite Index (.SSEC) stocks fall as U.S. rate cut expectations ease Chinese stocks fell on Monday, with the benchmark Shanghai Composite index posting its biggest daily loss in more than two months, as investors scaled back expectations for sharp U.S. rate cuts and a slew of new listings this week weighed on tech […]

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention The Euro went back and forth early on Monday, essentially deciding nothing. However, that is something worth paying attention to as we are hovering around the vital 1.25 level. This large, round, psychologically significant figure could be crucial in determining where we go next. […]

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June

Hong Kong: HANG SENG INDEX (.HSI) lower after the U.S. jobs report showed the economy stateside adding 224,000 jobs in June Stocks in Asia were lower on Monday after a strong jobs report last Friday stateside moderated expectations that the U.S. Federal Reserve could soon be making a move on interest rates. In mainland China, […]

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates Australian shares fell heavily on Monday after a solid US non-farm payrolls print dampened market expectations the Federal Reserve would cut rates more than twice this year. The S&P/ASX 200 Index posted its biggest one-day fall since June 3, closing 79.1 points, […]

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers

Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers Friday’s jobs report sent a message to the markets that the Fed is not in a hurry to ease monetary policy. Much of the rally in EUR/USD in June was predicated on the speculation that the Fed was sure to cut rates […]

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside

Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break above […]

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage Gold prices are moderately higher in early U.S. trading Monday. Trading has been choppy at higher levels recently, but the bulls still have the firm overall near-term technical advantage, and that continues to invite the chart-based traders to the long side of the […]

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points

News dims hopes of aggressive Fed rate cut, sending Singapore: STI Index (.STI) down 32.58 points Local shares had only one way to go yesterday after the buoyant United States jobs report last Friday undercut hopes for an aggressive interest rate cut later this month. Disappointed traders sent the Straits Times Index (STI) tumbling 32.58 […]

Amazon.com, Inc. (NASDAQ:AMZN) global e-commerce empire will be mightier

Amazon.com, Inc. (NASDAQ:AMZN) global e-commerce empire will be mightier

Amazon.com, Inc. (NASDAQ:AMZN) global e-commerce empire will be mightier E-commerce’s current approximately 10% share of U.S. retail sales will continue to increase, with a similar dynamic occurring in international markets. Amazon will continue to be the prime (pun intended) beneficiary of the growing size of the sector pie. Not only do many people love the […]

Alphabet Inc. (NASDAQ:GOOG) Stock and the AI Moves

Alphabet Inc. (NASDAQ:GOOG)  Stock and the AI Moves

Alphabet Inc. (NASDAQ:GOOG) Stock and the AI Moves From its early days, Google has invested heavily in AI. Keep in mind that the technology has been critical in evolving the core search engine. The company has also pulled off a myriad of acquisitions to bulk up its AI capabilities. For example, with the deal for […]

It’s all change over at Chinese e-commerce king Alibaba Group Holding Limited (NYSE:BABA)

It’s all change over at Chinese e-commerce king Alibaba Group Holding Limited (NYSE:BABA)

It’s all change over at Chinese e-commerce king Alibaba Group Holding Limited (NYSE:BABA) It’s all change over at Chinese e-commerce king Alibaba. The company recently announced that CFO Maggie Wu will replace Executive Vice Chair Joe Tsai as head of strategic acquisitions and investments. That’s as the company reorganizes several business divisions including DingTalk and […]

United States Oil (USO) very cautious open this morning supported by a better than expected non-farm payrolls

United States Oil (USO) very cautious open this morning supported by a better than expected non-farm payrolls

United States Oil (USO) very cautious open this morning supported by a better than expected non-farm payrolls Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week’s better-than-expected U.S. jobs data offered some support. Brent crude futures were […]

NASDAQ Composite (.IXIC) US job gains weaken case for big Fed cut

NASDAQ Composite (.IXIC) US job gains weaken case for big Fed cut

NASDAQ Composite (.IXIC) US job gains weaken case for big Fed cut The dollar rose broadly on Monday after strong U.S. jobs growth in June suggested the Federal Reserve will not aggressively cut interest rates later this month. U.S. nonfarm payrolls rebounded in June to 224,000, the most in five months, data showed on Friday, […]

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains In the latest trading session, Twitter ( TWTR ) closed at $36.22, marking a +0.39% move from the previous day. This change outpaced the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Coming into today, shares of the […]

Tesla, Inc. (NASDAQ:TSLA) latest quarterly report includes a record number of vehicle deliveries at 95,200

Tesla, Inc. (NASDAQ:TSLA) latest quarterly report includes a record number of vehicle deliveries at 95,200

Tesla, Inc. (NASDAQ:TSLA) latest quarterly report includes a record number of vehicle deliveries at 95,200 Tesla has had its share of ups and downs over the years with exploding cars, autopilot mishaps, and CEO Elon Musk saying and doing foolish things on the internet. But this week was a big “up” for the electric car […]

Facebook, Inc. (NASDAQ:FB) could hit new all-time highs

Facebook, Inc. (NASDAQ:FB) could hit new all-time highs

Facebook, Inc. (NASDAQ:FB) could hit new all-time highs Shares of Facebook have been trading much better over the last six months. Shares are flirting with a move back over $200 and if it can get there, it could trigger a much higher move back to its all-time highs. While the stock was hammered in late-May […]

Bitcoin: USD/BTC (BTC=X) Needs to Break $11,600

Bitcoin: USD/BTC (BTC=X) Needs to Break $11,600

Bitcoin: USD/BTC (BTC=X) Needs to Break $11,600 Even since Bitcoin (BTC) hit $13,800 to then retrace by $4,000, the cryptocurrency market has slowed. Don’t get me wrong, volatility is still rife in this market, but BTC’s range is starting to tighten. As of the time of writing this, Bitcoin sits at $11,200, down around 2% in the […]

Dow Jones Industrial Average (.DJI) markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting

Dow Jones Industrial Average (.DJI) markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting

Dow Jones Industrial Average (.DJI) markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting The U.S. labor market saw the best jobs growth of the year in June, but markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting, set […]

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647

New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647 The New Zealand Dollar took a hit on Friday after the U.S. Dollar rallied sharply in reaction to a report from the U.S. Labor Department which revealed non-farm payrolls rose by 224,000 […]

Japanese Yen: USD/JPY (JPY=X) Investors eye central banks

Japanese Yen: USD/JPY (JPY=X) Investors eye central banks

Japanese Yen: USD/JPY (JPY=X) Investors eye central banks The Japanese Tankan indices were mixed. The manufacturing indicator slipped to 7, missing the estimate of 9 points. The services sector has been much stronger, and the index climbed to 23, beating the forecast of 21 points. Housing spending sparkled, with a gain of 4.0%. This was […]

British Pound: USD/GBP (GBP=X) further downside potential

British Pound: USD/GBP (GBP=X) further downside potential

British Pound: USD/GBP (GBP=X) further downside potential The Pound recorded its ninth consecutive weekly loss against the Euro ahead of the weekend, and it recorded its lowest weekly close against the U.S. Dollar since April 2017. The weakness extends to the majority of major currencies, as a multi-week sell-off extended amidst a combination of political […]

Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady

Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady

Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady The Canadian lower dropped 0.19 percent on Friday, but given strong fundamentals and a central bank likely to keep rates steady the Loonie was the only major currency to end in the black against the greenback this week. Job numbers in Canada were lower than expected […]

Australia: S&P/ASX 200 (.AXJO) poised to open lower

Australia: S&P/ASX 200 (.AXJO) poised to open lower

Australia: S&P/ASX 200 (.AXJO) poised to open lower Australian shares are poised to open lower, with the iron ore majors likely to pace losses. Iron ore dropped sharply on Friday after Chinese steel mills requested a probe into this year’s price surge. The spot price of the steel-making material fell 5.9 per cent, according to Fastmarkets […]

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again

Australian Dollar: USD/AUD (AUD=X) dips as RBA strikes again The RBA lowered interest rates for a second straight month, the first back-to-back cuts since 2012. The benchmark rate currently stands at an even 1.0%, a historical low. In follow-up comments, RBA Governor Lowe said that the economic outlook “remains reasonable”, but investors will no doubt […]

Tesla, Inc. (NASDAQ:TSLA) sets a fresh high mark with 87,048 vehicles produced and 95,200 vehicles delivered in the second quarter

Tesla, Inc. (NASDAQ:TSLA) sets a fresh high mark with 87,048 vehicles produced and 95,200 vehicles delivered in the second quarter

Tesla, Inc. (NASDAQ:TSLA) sets a fresh high mark with 87,048 vehicles produced and 95,200 vehicles delivered in the second quarter Indeed, Tesla shares went on to jump as much as 7.6% yesterday (then settled to close up nearer to 5%) after the company did exactly that, setting a fresh high mark with 87,048 vehicles produced and 95,200 […]

Bitcoin: USD/BTC (BTC=X) Institutional Investors Are Officially Entering the Cryptocurrency Market

Bitcoin: USD/BTC (BTC=X) Institutional Investors Are Officially Entering the Cryptocurrency Market

Bitcoin: USD/BTC (BTC=X) Institutional Investors Are Officially Entering the Cryptocurrency Market Now that institutional investors are buying up Bitcoin, what will it mean for the cryptocurrency market? Much of the early draw to cryptocurrencies was the high “crypto” appeal. No governments back cryptocurrencies. Cryptocurrencies aren’t standardised against any material commodity. Institutional investors like banks and […]

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy

United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. Front-month Brent crude futures, the international benchmark for oil […]

NASDAQ Composite (.IXIC) Eyes Record High

NASDAQ Composite (.IXIC) Eyes Record High

NASDAQ Composite (.IXIC) Eyes Record High Dow Jones futures rose slightly Thursday night, ahead of Friday’s jobs report. S&P 500 futures and Nasdaq futures also were higher after U.S. stock markets were closed for Independence Day. The stock market rally powered ahead Wednesday, with the Dow Jones and S&P 500 index setting all-time highs and […]

Facebook, Inc. (NASDAQ:FB) one worry is the growing push by regulators and politicians to crack down on Big Tech

Facebook, Inc. (NASDAQ:FB) one worry is the growing push by regulators and politicians to crack down on Big Tech

Facebook, Inc. (NASDAQ:FB) one worry is the growing push by regulators and politicians to crack down on Big Tech Facebook stock rose 1.1% Wednesday to 197.20. That’s just below a 198.58 buy point from a long, deep cup-with-handle base. The cup depth of 44% is worrisome. However, the handle itself is long enough to be its own […]

Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen

Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen

Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen Prime Day 2019 is a two-day event this year, but it doesn’t mean Amazon is holding back the early deals. That’s right: You don’t have to wait until July 15th to take advantage of a great sale! Right now, the retailer slashed prices […]

Alphabet Inc. (NASDAQ:GOOG) A new global trend

Alphabet Inc. (NASDAQ:GOOG) A new global trend

Alphabet Inc. (NASDAQ:GOOG) A new global trend The technology sector has been on a volatile ride of late, driven in large part by the fortunes of some household names. Franklin Equity Group’s Jonathan Curtis believes the sector offers attractive long-term potential. In this article, he champions the contribution of lesser known names and explores the […]

Apple Inc. (NASDAQ:AAPL) earnings are expected to fall 4% in the current fiscal year

Apple Inc. (NASDAQ:AAPL) earnings are expected to fall 4% in the current fiscal year

Apple Inc. (NASDAQ:AAPL) earnings are expected to fall 4% in the current fiscal year Apple stock advanced 0.8% to 204.41. The iPhone maker is working toward a 215.41 cup-with-handle buy point, but a little further away than Facebook or Amazon stock. Like those two FANGs, Apple’s handle is long enough to be its own base. The RS […]

Tianci International, Inc. (OTC:CIIT) Technical Analysis

Tianci International, Inc. (OTC:CIIT) Technical Analysis

Tianci International, Inc. (OTC:CIIT) Technical Analysis Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.55. The projected lower bound is: 1.90. The projected closing price is: 2.72. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]

Dow Jones Industrial Average (.DJI) starts to consolidate after reaching record highs

Dow Jones Industrial Average (.DJI) starts to consolidate after reaching record highs

Dow Jones Industrial Average (.DJI) starts to consolidate after reaching record highs The Dow Jones managed to follow the S&P 500 into record territory, with the price rising and settling above that 26,951 level. The ability to push on from here is going to be key, as we have seen many occasions in the past where record highs have […]

Netflix, Inc. (NASDAQ:NFLX) Looking to Reduce Cash Burn Rate

Netflix, Inc. (NASDAQ:NFLX) Looking to Reduce Cash Burn Rate

Netflix, Inc. (NASDAQ:NFLX) Looking to Reduce Cash Burn Rate The establishment of local production hubs not only lowers cost of production but also provides opportunities for tax credits in the long haul. For instance, the company is likely to receive $4 million in tax credits over 10 years in New York, if it can fulfil […]

Bangkok Hotels: What’s trending this week

Bangkok Hotels:  What’s trending this week

Bangkok Hotels: What’s trending this week Bangkok is one of those cities that you never get tired of visiting. No matter how many times you’ve been, you’ll always find something new and exciting to see, do, and eat. It’s got a perfect blend of food, culture, nightlife, shopping, affordability, and grittiness that’s unmatched anywhere in […]

Paradise Vietnam Debuts Vibrant Restaurant in Vietnam’s Nha Trang

Paradise Vietnam Debuts Vibrant Restaurant in Vietnam’s Nha Trang

NHA TRANG (July 4, 2019) — The luxury hospitality group behind some of Vietnam’s finest restaurants is expanding its portfolio, unveiling its 13th restaurant dedicated to lobster with live cooking stations that serve up Vietnamese, Japanese, Korean, Western and Chinese fare. Situated at Citadines Bayfront Nha Trang Hotel at 62 Tran Phu along Nha Trang […]

KNM (KNMP:KL) bags RM36mil job in Egypt

KNM (KNMP:KL) bags RM36mil job in Egypt

KNM (KNMP:KL) bags RM36mil job in Egypt KNM Group Bhd said an indirect wholly-owned subsidiary FBM Hudson Italiana SpA has secured a RM36.14mil contract in Egypt. The contract, awarded by Technip Italy SpA, was for the design, detailed engineering and fabrication of air cooler heat exchangers at the Middle East Oil Refinery in Alexandria. KNM […]

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q

KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q Kenanga research said the forecast weakness in retailers’ performance in 3Q due to an absence of festivities is an opportunity to position for a better 4Q and beyond. “Retailers usually fare the worst in 3Q19 due to the absence of festivities that typically spur […]

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst

Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst The Australian dollar has gone back and forth during the trading session on Thursday as Americans were away for Independence Day celebrations. That being said, we are at significant resistance so it’s not a huge surprise to see the market fail […]

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street

Hong Kong: HANG SENG INDEX (.HSI) cautious traders ignored a record-breaking lead from Wall Street Hong Kong stocks finished slightly lower today as cautious traders ignored a record-breaking lead from Wall Street, with attention now on the release of US jobs data. The Hang Seng Index eased 0.21 per cent, or 59.37 points, to 28,795.77. […]

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide? Can a rush into gold be a precursor to more negative-yielding debt worldwide? Wells Fargo asks this question in the latest note to clients as the bank views gold as overvalued at above the $1,400 an ounce level. Gold […]

British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower

British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower

British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower Yesterday, I have the perception that perhaps we could find enough support to cause this market to bounce. While that hasn’t necessarily been eliminated, the Thursday candle doesn’t exactly instill a lot of confidence. The fact that we rallied and then gave […]

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high Australian shares closed at a fresh 11-1/2-year high on Thursday as the major banks rebounded from a poor start to the week’s trading. The S&P/ASX 200 Index closed 32.5 points, or 0.5 per cent, higher at 6718 and the […]

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance

Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance The current bounce in the dollar was triggered by news over the weekend that trade talks between China and the US are progressing. This caused a correlated move across the financial markets. Treasury yields bounced higher with the 10-year rallying from a psychological 2% yield. Gold […]

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks

Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks China stocks closed lower on Thursday weighed down by a slump in top consumer shares, even as investors awaited developments around Sino-U.S. trade talks. The blue-chip CSI300 index fell 0.5% to 3,873.10, while the Shanghai Composite Index lost 0.3% to 3,005.25. Consumer firms […]

Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance

Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance The price of USD/JPY rallied off the lows yesterday, but for now remains below downtrend resistance from the April highs. A move above ¥108.00 would reinforce the emerging bullish picture, and perhaps suggest that a higher low is in play. This would be reversed if the price moves back […]

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings

Singapore: STI Index (.STI) slightly higher as markets in the region had mixed showings Wall Street posted a record performance on Wednesday on expectations that weak economic data would lead to further interest rate cuts in the United States, but the effect was limited here. The Straits Times Index (STI) finished 4.45 points or 0.1 […]

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday Shares were mostly lower in Asia on Wednesday as the euphoria from President Donald Trump’s truce with China’s Xi Jinping on trade faded. The retreat followed yet another all-time high for the S&P 500 index, though trading in […]

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level The British pound fell significantly during the trading session on Wednesday, reaching towards the 1.2550 level. That’s an area that should continue to be of interest as we had recently bounced from just below. Obviously, the 1.25 level underneath will probably cause significant support due to the […]

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand Silver markets went back and forth during the trading session after gapping higher on Wednesday, showing a clear range as to where the market wants to deal with. The $15.25 level underneath should be support, while the $15.50 level above should be resistance. That […]

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level The weakening of the Euro after the G20 Summit, and subsequent announcement of Christine Lagarde as the next President of the European Central Bank (ECB), is unlikely to extend suggest the charts. The Euro fell after the G20 as improved investor sentiment reduced safe-haven flows, a dynamic […]

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower The Australian share market is expected to open lower this morning despite U.S. and European markets pushing higher. According to the latest SPI futures, the ASX 200 is poised to open the day 0.1% or 8 points lower. On Wall Street the Dow Jones rose 0.25%, the S&P […]

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand Gold prices are solidly higher in early U.S. trading Wednesday, with prices overnight coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August […]

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices Hong Kong stocks eased today as investors cashed out after the previous day’s rally, with energy firms taking a hit following a plunge in oil prices. The Hang Seng Index dipped 0.07 per cent, or 20.42 points, to […]

Facebook, Inc. (NASDAQ:FB) has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219

Facebook, Inc. (NASDAQ:FB) has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219

Facebook, Inc. (NASDAQ:FB) has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219 Facebook, Inc. (FB) stock has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219 in the third quarter. In addition, it won’t take extraordinary buying power to […]

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains In the latest trading session, Twitter (TWTR) closed at $36.22, marking a +0.39% move from the previous day. This change outpaced the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Coming into today, shares of the short messaging […]

Apple Inc. (NASDAQ:AAPL) sits at crucial crossroads after June rally

Apple Inc. (NASDAQ:AAPL) sits at crucial crossroads after June rally

Apple Inc. (NASDAQ:AAPL) sits at crucial crossroads after June rally Apple shares raced into July. The stock surged 2% on Monday, adding to a nearly 30% advance for the year, after a pause on additional tariffs between the U.S. and China reignited hopes of trade progress. Its rally now faces a major test, says Matt […]

Trade concerns still weigh on markets

Trade concerns still weigh on markets

US policy on trade is still weighing on market sentiment as Asian markets post losses overnight, the Nikkei225 lower by 116 points lower and the Hang Seng currently lower by 94 points. Comments by Mark Carney yesterday suggesting that the ongoing political and trade discord could ‘derail’ global economic growth did little to help the […]

NASDAQ Composite (.IXIC) gains in communications, technology and consumer goods companies outweighed losses in energy stocks and banks

NASDAQ Composite (.IXIC) gains in communications, technology and consumer goods companies outweighed losses in energy stocks and banks

NASDAQ Composite (.IXIC) gains in communications, technology and consumer goods companies outweighed losses in energy stocks and banks Stocks capped a wobbly day on Wall Street with modest gains Tuesday, nudging the S&P 500 index to its second straight record high. Gains in communications, technology and consumer goods companies outweighed losses in energy stocks, banks […]

Dow Jones Industrial Average (.DJI) Sets New Closing High

Dow Jones Industrial Average (.DJI) Sets New Closing High

Dow Jones Industrial Average (.DJI) Sets New Closing High The Dow Jones Industrial Average and S&P 500 marked new closing highs Tuesday, after a quiet session in which small caps sharply lagged. The S&P 500 and Dow Jones Industrial Average each advanced 0.3%, while the Nasdaq composite added 0.2%. Small caps as tracked by the Russell 2000 […]

California regulators have approved self-driving cars from Alphabet Inc. (NASDAQ:GOOG) owned Waymo to carry passengers

California regulators have approved self-driving cars from Alphabet Inc. (NASDAQ:GOOG) owned Waymo to carry passengers

California regulators have approved self-driving cars from Alphabet Inc. (NASDAQ:GOOG) owned Waymo to carry passengers Alphabet’s self-driving car company Waymo can now begin transporting passengers in its robotaxis, thanks to a new regulatory approval in California. The California Public Utilities Commission issued Waymo approval to join a test program called Autonomous Vehicle Passenger Service Pilot. […]

Bitcoin: USD/BTC (BTC=X) plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago

Bitcoin: USD/BTC (BTC=X) plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago

Bitcoin: USD/BTC (BTC=X) plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday, according to Coindesk. Bitcoin started its free fall on Thursday, plunging nearly $3,000 as […]