British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted, with the pairing currently trading at an inter-bank rate of $1.2947. The US Federal Reserve’s meeting minutes revealed that policymakers decided to pause its easing cycle following an October rate cut, and it […]
United States Oil (USO) prices extend losses on supply, trade war fears Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the US-China trade war. West Texas Intermediate crude futures erased early gains to trade […]
Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence Positive Signal from BOC Governor Drives US Dollar Canadian Dollar (USD/CAD) Exchange Rate Lower Comments from Bank of Canada (BOC) Governor Stephen Poloz prompted a sharp decline for the US Dollar to Canadian Dollar (USD/CAD) exchange rate on Thursday. As Poloz indicated that he sees […]
Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results Despite the Federal Reserve continuing to indicate that it will keep US monetary policy paused for the time being, the Euro to US Dollar (EUR/USD) exchange rate is still steadily climbing today. The Euro (EUR) is benefitting from US Dollar (USD) weakness. Since opening this week […]
Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade The Dollar/Yen is trading slightly lower on Thursday after clawing back most of its earlier losses. The early volatility is being fueled by headlines over U.S.-China trade relations. The negative headlines driving the Forex pair lower are saying a potential […]
Bitcoin: USD/BTC (BTC=X) potentially facing massive crash Bitcoin’s slow descent over the last month took a dramatic turn today as the cryptocurrency suddenly nosedived. Already reeling from a series of downturns during the last four weeks, BTC had been languishing above $8,100 after falling from $8,800 this time last week. Its ability to cling on […]
Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]
UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh FTSE 100 index closed in the red on Thursday as Wall Street stocks also tumbled as trade worries and global uncertainty continued to weigh. The UK’s index of leading shares closed down around 31 points at 7,231 with defensive stocks making up the […]
Twitter, Inc. (NYSE:TWTR) is finally rolling out the ability to schedule tweets Twitter today announced it’s rolling out the ability to schedule tweets. The long-awaited feature, which is already available within Tweetdeck and other third-party clients, will allow users to write posts in advance and publish them at a pre-defined time. This feature is likely […]
Tesla, Inc. (NASDAQ:TSLA) market cap reaches all-time high Tesla stock (NASDAQ:TSLA) recently hit a new milestone since it went public back more than nine years ago. Despite the electric car maker not hitting or exceeding its all-time-high price of $385 per share yet, Tesla’s market cap is already at its biggest to date. As of […]
Alphabet Inc. (NASDAQ:GOOG) announces plan to limit targeting of political ads Google will restrict how narrowly political advertisers can target voters on the company’s services, putting pressure on Facebook to follow suit. Starting in January, political advertisers will only be able to target broad categories — gender, age or postal code — not more specific details such as […]
Bitcoin: USD/BTC (BTC=X) technical indicators are pointing to further pain ahead As Bitcoin’s recent sell-off accelerates, some technical indicators are pointing to further pain ahead. The largest cryptocurrency’s slide snowballed on Monday, with the price dropping as much as 5% to test the key $8,000 level, which it hasn’t breached since the end of October. […]
Amazon.com, Inc. (NASDAQ:AMZN) reportedly planning an expansion of its Amazon Go concept stores The rumor mill has switched into high gear when it comes to Amazon.com (NASDAQ: AMZN) and its relentless push into physical retail. Earlier this month, the e-commerce giant confirmed that it will be opening a line of grocery stores next year under […]
Dow Jones Industrial Average (.DJI) retreats from record as Home Depot shares slump The Dow’s two-day streak of records ended on Tuesday (Nov 19) following a big drop in Home Depot shares over a disappointing sales forecast. Home Depot plunged more than 5 per cent as it slashed its full-year sales forecast, saying the payoff […]
Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High Apple Inc. (NASDAQ AAPL) shares have risen by 68.48% to $265.76 in 2019. This outpaces any stock in the Dow Jones industrial average by far. The Dow hit record territory Friday, up 20.05% to 28,004.89. Without such a huge rally in Apple’s shares, the Dow […]
NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress Wall Street’s main indexes ended Wednesday’s session lower on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve’s October policy meeting appeared to offer little help. The Fed minutes offered […]
Alibaba Group Holding Limited (NYSE:BABA) prices Hong Kong shares at HK$176 Alibaba Group Holding will offer the investors of its Hong Kong shares at a slight discount to its US-listed depositary shares, as Asia’s most valuable company prepares to kick off the world’s largest initial public offering this year. The Hangzhou-based company has priced its […]
UK FTSE 100 (.FTSE) falls in broad-based sell-off on trade fears The FTSE 100 has fallen into the red amid a broad-based sell-off after US president Donald Trump said he would hike tariffs if no trade deal is reached with China. The UK blue-chip index fell 73 points, or 1%, to 7,251, with only a […]
Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]
Japanese Yen: USD/JPY (JPY=X) Japan’s Exports Post Worst Fall in 3 Years The Dollar/Yen is trading lower on Wednesday and threatening to take out last week’s low at 108.244 as concerns over the progress of U.S.-China trade negotiations have fueled another round of safe-haven buying of the Japanese Yen. The move into the Yen is […]
Shanghai: SSE Composite Index (.SSEC) stocks fall, as loan prime rate cuts weigh on banks and US-Beijing tensions flare up over protests China and Hong Kong stocks fell Wednesday on investors’ concerns about banks’ profitability amid rate cuts in the mainland and a flare-up in Washington-Beijing tensions over legislation headed to US President Donald Trump […]
New Zealand Dollar: NZD/USD (NZD=X) no indicators on the calendar NZD/USD has lost ground on Wednesday, after posting considerable gains on Tuesday. In the European session, the pair is trading at 0.6417, down 0.23% on the day. There are no New Zealand indicators on the calendar. NZD/USD Technical Analysis NZD/USD tested resistance at 0.6420 on Tuesday […]
Tech Lifts NASDAQ Composite (.IXIC) to Record as Retail Drags on Dow: Markets Wrap Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The Nasdaq Composite climbed to a fresh record on the back of gains in megacap tech companies even as the Dow Jones Industrial Average […]
United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Both US benchmark West Texas Intermediate and London’s Brent oil fell sharply on signs Beijing and Washington may be drifting further apart […]
British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar With GBP/USD turning lower over the past day or so, the question is what is driving the currency pair? Is it UK politics or just a stronger dollar? In a debate between PM Boris Johnson and opposition Labour’s Corbyn yesterday, polls continued to favor Johnson, although […]
Apple Inc. (NASDAQ:AAPL) Rises 68%, Pulling Dow to All-Time High Apple Inc. (NASDAQ AAPL) shares have risen by 68.48% to $265.76 in 2019. This outpaces any stock in the Dow Jones industrial average by far. The Dow hit record territory Friday, up 20.05% to 28,004.89. Without such a huge rally in Apple’s shares, the Dow […]
Euro: USD/EUR (EUR=X) Fed Minutes to Guide the Dollar The greenback is gaining some upward momentum in early day trading on Wednesday. Whether it will sustain this move is likely to be determined by the minutes from the last Fed meeting which will be released later in the day. I’m noticing something a bit peculiar […]
Facebook, Inc. (NASDAQ:FB) testing a meme-creation app called Whale Facebook’s testing out its latest bizarre spin-off app aimed at recapturing its youthful audience — in this case, a meme creation app called Whale. From what we can tell, the purpose of the app is to make meme creation easier by packaging together stock images and […]
Bitcoin: USD/BTC (BTC=X) Tests $8,000 Level as Sell-Off Spills Into Third Week We closed the day, November 19 2019, at a price of $8,206. That’s a minor 1.19 percent decline in 24 hours, or -$98.97. It was the lowest closing price in twenty-five days. We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December […]
Canadian Dollar: USD/CAD (CAD=X) suffers from a downturn in risk sentiment The Canadian dollar is rangebound no more. Prices soared through the top of the USD/CAD $1.3040-$1.3240 band that contained price action since October 11 yesterday and continued to climb overnight. That move is a sharp contrast to the move that occurred immediately following Tuesday […]
Alibaba Group Holding Limited (NYSE:BABA) will reportedly end its $13 billion share sale early after attracting more investor demand than it could meet Alibaba’s $13 billion Hong Kong stock offering will reportedly end early as investor demand outstrips available shares. The company plans to close the sale to institutional investors at 12:00 p.m. Eastern Standard […]
Nasdaq snags record high as Home Depot, Boeing dent the Dow Jones Industrial Average (.DJI) The Dow Jones Industrial Average pulled back from record highs on Tuesday as Home Depot weighed after delivering a disappointing forecast. Rival Lowe’s fell in sympathy. The Nasdaq was the only one of the three major averages to finish in record […]
DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment German stocks are notably lower Wednesday morning, as uncertainty about a potential U.S.-China trade deal weighed on sentiment and forced investors to indulge in some selling. The U.S. President Donald Trump on Tuesday threatened higher tariffs on Chinese goods if a trade […]
Ethereum: USD/ETH (ETH=) Bears Break Out from Pennant Structure, Deeper Moves South Eyed Ethereum price is being dictated mainly by the market bears, as it continues to remain weighted to the downside. It is running towards its second consecutive week in the red, as the price heads for a narrowing range breakout. ETH/USD has fallen […]
Tesla, Inc. (NASDAQ:TSLA) Flips Short Sellers on Their Heads Did you know that, for one day, Volkswagen was “the world’s priciest firm” in the stock market? On October 28, 2008, the stock soared more than 93% on news that Porsche had acquired a 74% ownership in Volkswagen. Volkswagen shares didn’t surge because it was a […]
Alphabet Inc. (NASDAQ:GOOG) State-level investigations and federal probes pose as stumbling blocks Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock has broken out. Before a 1% decline on Monday, Alphabet stock was trading at an all-time high. At this point, GOOG seems to have a clear path toward becoming the fourth stock to reach a $1 trillion market capitalization. […]
Bitcoin: USD/BTC (BTC=X) A Drop Below $8,000 Opens the Doors Toward $5,000 The round level at $8,000 is an important psychological support factor. We saw a strengthening of buys as Bitcoin approached this mark by the end of the Monday. However, Bitcoin’s position has been worsening since this morning. Almost immediately below this mark – […]
Bitcoin: USD/BTC (BTC=X) buyers prove reluctant to engage with the market Bitcoin prices tumbled over 4 percent Monday as buyers proved reluctant to engage with the market, likely due to recent suggestions of a new crypto crackdown in China. At press time on Tuesday, the world’s top crypto by market capitalization had dropped further, and […]
DAX PERFORMANCE-INDEX (.GDAXI) Resumes Higher DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave structure where wave 1 ended at 12814.49 and wave 2 pullback ended at 12607.06. Wave 3 remains in progress and […]
Japanese Yen: USD/JPY (JPY=X) Bearish Reversal at 61.8% Fibonacci Resistance Near 109 On the daily chart below, it seems clear that the USD/JPY is trying to avoid reaching the 108.00 support so as not to confirm the breach of the general bullish trend. During yesterday’s session, it rose to 109.07 resistance, but returned to move […]
Shanghai: SSE Composite Index (.SSEC) stocks rise most in two weeks on fresh stimulus hopes China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth. The blue-chip CSI300 index rose 1.0%, to 3,947.04, […]
British Pound: USD/GBP (GBP=X) Just Shy Of $1.30 Ahead Of Johnson-Corbyn Debate The Pound to Dollar exchange rate traded sideways on Tuesday as UK politics remain firmly in focus ahead of the upcoming general election on 12 December. This comes after the GBP/USD exchange rate roared higher at the start of the week, in light […]
Australian Dollar: USD/AUD (AUD=X) Continues To Grind The Australian dollar has initially tried to rally during the trading session on Monday, only to turn around and show weakness again. Ultimately, this is a market that looks very likely to continue to see a lot of noise around it as the Australian dollar is so sensitive […]
UK FTSE 100 (.FTSE) rallies on election hopes and China stimulus Election hopes continued to support UK shares as the FTSE 100 rallied, helped by safety technology company Halma (HLMA) soaring to the top of the index. The blue-chip index jumped 96 points, or 1.3%, to trade at 7,403 as prime minister Boris Johnson and […]
Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.106 after investors have become increasingly cautious due to a lack of progress on the US-China trade front. Robert Carnell Chief Economist and Head of Research at […]
New Zealand Dollar: NZD/USD (NZD=X) Buyers Aren’t Straying Far From 0.8500 From the daily chart, we notice on Aug 15 NZD/USD declined to a lower trading zone 0.6236 – 0.6438. Since then, buyers failed in multiple occasions to push the price to the higher zone. On Nov 8, the pair rallied before testing the low […]
Canadian Dollar: USD/CAD (CAD=X) trapped inside of $1.3040-1.3260 range The Canadian dollar is trapped inside a USD/CAD $1.3040-1.3260 range and has been, since October 11. There isn’t any relief in sight. The Bank of Canada left monetary policy unchanged at the October 30 meeting, and there hasn’t been any new data or geopolitical developments since […]
Alibaba Group Holding Limited (NYSE:BABA) to close books early in $13.4 billion Hong Kong listing after strong demand Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said. Order books will […]
Apple Inc. (NASDAQ:AAPL) Long-Rumored Digital Bundle Could Hit Next Year Even before Apple (NASDAQ: AAPL) confirmed its entry into the streaming video market, rumors regarding everything from price to content offerings ran rampant. Even analysts got in on the game, trying to compute just how much such an offering would mean to the Cupertino company’s […]
United States Oil (USO) Prices Amid U.S.-China Trade Jitters Officials in China are troubled by U.S. President Donald Trump’s comment that there was no agreement on phasing out tariffs, according to the report. U.S. Crude Oil WTI Futures dropped 0.2% to $57.03 by 12:13 AM ET (04:13 GMT), while International Brent Oil Futures slipped 0.1% […]
NASDAQ Composite (.IXIC) dip on China deal doubts Wall Street stocks mostly dipped early Monday as fresh skepticism over US-China trade talks weighed on hopes for a near-term resolution to the grinding conflict. Analysts cited reports that Chinese officials are intent on staking a “phase one” US-China trade deal on the removal of some tariffs, […]
Bitcoin: USD/BTC (BTC=X) hovers at decisive $8,400 level Data from Coin360 showed BTC/USD attempting to crack the $8,500 level on Monday, only to see rejection after falling from $8,600 late on Sunday. At press time, the pair traded around $8,450 – a crucial area which analysts suggest could dictate whether the mood going forward is […]
Facebook, Inc. (NASDAQ:FB) The fake-account economy Mark Zuckerberg has always said the company he founded is a platform for authenticity. Unlike anonymous chat rooms, Facebook encourages real names and photos. Facebook-owned messaging service WhatsApp and photo-sharing platform Instagram are promoted in the same way. Last year, the chief executive told Congress users were “not allowed” […]
Alphabet Inc. (NASDAQ:GOOG) Coming for Your Checking Account Google is the latest tech company interested in gaining a deeper foothold in financial services. The Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary is expected to launch a checking account next year, partnering with Citigroup and Stanford Federal Credit Union. There’s a lot to gain for Google. Checking […]
Tesla, Inc. (NASDAQ:TSLA) stock ticks up after Deutsche Bank lifts price target Shares of Tesla Inc. (tsla) tacked on 0.3% in premarket trading Monday, after Deutsche Bank analyst Emmanuel Rosner raised his price target by 12% ahead of the unveiling of its new electric pickup truck later this week, but the target remained well below […]
Dow Jones Industrial Average (.DJI) hit records again before closing little changed Stocks hit record highs Monday before closing little changed as investors assessed mixed signals around U.S.-China trade talks. The Dow ended the day up just 31 points. The S&P 500 advanced 0.05%, while the Nasdaq closed 0.11% higher. Disney was the best-performing Dow stock, […]
Twitter, Inc. (NYSE:TWTR) may be due to rebound by as much as 9% in the coming weeks Twitter Inc.’s (TWTR) stock crumbled following its third quarter results at the end of October, with shares now 35% off their 2019 highs. The sharp decline leaves the equity up by less than 2% in 2019, well below […]
Canadian Dollar: USD/CAD (CAD=X) investors are braced for a poor reading from Manufacturing Production USD/CAD is trading sideways on Monday. In the North American session, the pair is trading at 1.3209, down 0.12% on the day. On the fundamental front, investors are braced for a poor reading from Manufacturing Production, with a forecast of -0.5%. There […]
British Pound: USD/GBP (GBP=X) Moves Close to 1.3000 GBP/USD has started the new trading week with gains. In the North American session, the pair is trading at 1.2969, up 0.38% on the day. The Rightmove Housing Price Index declined by 1.3%, its fourth decline in five months. The pound is within striking distance of 1.3000, which […]
Euro: USD/EUR (EUR=X) Approaches a Major Barrier Following a momentum-driven decline in the early part of the month, EUR/USD has gained some ground and is recovering on the back of some broad-based dollar weakness. However, I think the pair will struggle to cross a major barrier that falls at 1.1072. If it fails to do […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Gives Up Gains Against Japanese Yen The US dollar has initially tried to rally during the trading session on Monday but gave back quite a bit of the gains. By doing so, we have broken back below the 200 day EMA during the middle the day, showing just how […]
Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines The Australian Dollar is trading slightly lower on Monday. There has been no follow-through to the upside following Friday’s strong rebound rally, following the prior session’s steep sell-off. The trading range is tight as most of […]
Ethereum: USD/ETH (ETH=) is showing signs of decoupling from BTC ETH moved between $180 and $190 in the past weeks. On Thursday, the asset traded at $186.69. The ETH price has barely moved in the past week, despite the relatively large sway in BTC prices. Ethereum is showing signs of decoupling from BTC, as the […]
NASDAQ Composite (.IXIC) stocks climb to fresh records on revived hope for U.S. – China trade deal U.S. stocks closed at fresh record highs on Friday on revived hopes for a U.S. – China trade deal despite mixed economic data. The Dow hit 28,000 for the first time after posting a fourth straight week of […]
Bitcoin: USD/BTC (BTC=X) Bearish All Over Again? This figure marks a drop of roughly $700 over the past few days. The currency is incurring some very strange behavior as of late, though there doesn’t seem to be much of an explanation regarding why this behavior is happening. Let’s start off with the basics. To do […]
United States Oil (USO) steadies as trade deal hopes dim Oil prices were little changed overnight after paring gains of about 1.0 per cent following a speech from US President Donald Trump that offered few new details about his country’s trade talks with China. Concerns about slower economic growth and oil demand due to the […]
Tesla, Inc. (NASDAQ:TSLA) details of factory emerge days after CEO Musk unveiled plant Tesla Inc. plans to invest 4 billion euros ($4.4 billion) in its newly announced factory in Berlin that will produce up to 150,000 cars annually, Bild reported on Sunday, without saying how it obtained the information. The first production line at Tesla’s […]
Dow Jones Industrial Average (.DJI) Climb on U.S.-China Trade Developments U.S. stocks advanced to fresh record highs to close the week. White House economic advisor Larry Kudlow noted that “short strokes” on a trade deal with China are close to completion and that “the mood music is pretty good” when it comes to finally getting […]
Alibaba Group Holding Limited (NYSE:BABA) Launches Hong Kong Initial Public Offering Alibaba Group Holding Limited (NYSE: BABA) (“Alibaba” or “the Company”) announced the launch of its Hong Kong public offering (the “Public Retail Offering”), which forms part of the global offering (the “Offering”) of 500,000,000 new ordinary shares (the “Shares”) and listing of its ordinary shares […]
Alphabet Inc. (NASDAQ:GOOG) Time to Buy? At the end of October, Alphabet (NASDAQ:GOOGL) lost ground after the firm’s Q3 results disappointed investors. While the firm’s revenue came in above expectations, its EPS dropped to $10.12 from $13.06 in the year-ago quarter. That was a much steeper drop than analysts had been expecting, which sent Google […]
Bitcoin: USD/BTC (BTC=X) sentiment to turn bearish Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts. Bitcoin loses 200-Day MA and EMA for […]
Shanghai: SSE Composite Index (.SSEC) gains capped by weak sentiment Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy. Early in the Asian trading day, MSCI’s broadest index of […]
Euro: USD/EUR (EUR=X) main trend is down according to the daily swing chart The Euro closed higher against the U.S. Dollar on Friday as renewed optimism over a near-term trade deal between the United States and China bolstered the trade-linked single-currency. Those hopes were generated by upbeat comments from White House economic advisor Larry Kudlow, […]
DAX PERFORMANCE-INDEX (.GDAXI) sees early weakness Early trading has seen the DAX drop sharply, although it has yet to test the 13,130 area that has marked support over the past two weeks. Below this, 12,950 is possible support. For the time being, the index is still in consolidation mode, with a rally through 13,300 needed […]
Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia The Australian Dollar closed lower last week with most of the loss occurring on November 14 after the Australian 10-year government bond yield slumped to over a 1-week low after the country’s employment report […]
Canadian Dollar: USD/CAD (CAD=X) quiet week expected USD/CAD continues to have a quiet week. In Friday’s European session, the pair is trading at 1.3240, down 0.07% on the day. On the fundamental front, there are no major Canadian events on the schedule. Foreign Securities Purchases are expected to drop to C$4.22 billion in September. Technical Analysis […]
Japanese Yen: USD/JPY (JPY=X) Begins with ‘Cautiously Bullish’ Tone Mixed comments about the status of trade talks between the United States and China encouraged some investors to seek shelter in the safe-haven Japanese Yen although U.S. stock market investors seemed to read the developments as bullish. This should be the focus for investors this week […]
New Zealand Dollar: NZD/USD (NZD=X) sharply higher after wholesale interest rates spiked after the Reserve Bank left its official cash rate (OCR) unchanged The New Zealand Dollar finished the week sharply higher after wholesale interest rates spiked after the Reserve Bank left its official cash rate (OCR) unchanged at 1 percent. Market expectations were weighted […]
British Pound: USD/GBP (GBP=X) showing signs of confusion The British pound went back and forth during the trading session on Friday, showing signs of confusion but quite frankly I think a lot of traders don’t to put money into the market ahead of the weekend as headlines could come out and cause a major On […]
$DIA, $SPY, $QQQ An Overview Mutual funds and exchange-traded funds (ETFs) have a lot in common. Both types of funds consist of a mix of many different assets and represent a common way for investors to diversify. There are Key differences in the way they are managed. ETFs can be traded like stocks, while mutual […]
Dow Jones Industrial Average (.DJI) Record High On China News As This Key Stock Breaks Out The Dow Jones industrials soared 0.9%, the Nasdaq rose 0.8% and the S&P 500 gained 0.6%. Small caps tracked by the Russell 2000 were up nearly 0.7%. Volume was tracking lower on both exchanges vs. the same time Wednesday. […]
Amazon.com, Inc. (NASDAQ:AMZN) New Grocery Chain Shouldn’t Worry Rivals — Yet Reports last month that Amazon.com (NASDAQ: AMZN) had signed leases for its new grocery store chain that is separate from Whole Foods failed to disturb its rivals in the way that prior announcements of its moves into physical retail have. While that’s partly because the original news […]
Twitter, Inc. (NYSE:TWTR) lower after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line Shares of Twitter Inc. TWTR, -1.66% are off 1.6% in premarket trading Thursday after Evercore ISI analyst Kevin Rippey cut his rating on the stock to underperform from in-line. “While we believe 3Q’s specific tech […]
United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom […]
Tesla, Inc. (NASDAQ:TSLA) receives a stamp of approval from S&P Global Ratings Tesla stock (NASDAQ:TSLA) received a stamp of approval from S&P Global Ratings on Wednesday, with the firm revising its outlook on the electric car maker’s bonds from “Negative” to “Positive.” The revised outlook came as a result of Tesla’s stronger-than-expected cash flow and […]
Ethereum: USD/ETH (ETH=) price is facing an increase in selling pressure After a decent upward move above $190, Ethereum struggled to continue higher against the US Dollar. As a result, ETH started a downward move and broke the $190 support area. Furthermore, there was a break below the $188 support area and the 100 hourly […]
Alphabet Inc. (NASDAQ:GOOG) cloud computing and wearables could help move the needle Alphabet (NASDAQ:GOOG) stock is holding steady thanks to the announced Fitbit (NYSE:FIT) acquistion. Prior to this announcement, shares fell from their 52-week high of $1,299.31 to as low as $1250.84 per share due to an earnings miss on Oct. 28. But thanks to this potentially game-changing deal, […]
Shanghai: SSE Composite Index (.SSEC) May Test Resistance At 3,000 Points The China stock market ticked higher again on Thursday, one day after it had halted the three-day winning streak in which it had gathered more than 60 points or 2 percent. The Shanghai Composite Index remains just beneath the 2,980-point plateau and it’s got […]
New Zealand Dollar: NZD/USD (NZD=X) support at 0.6330 After posting losses for three straight sessions, NZD/USD is flat in Thursday trade. In the European session, the pair is trading at 0.6367, up 0.04% on the day. There are no New Zealand events for the remainder of the week. NZD/USD Technical Analysis NZD/USD has moved lower this week, […]
British Pound: USD/GBP (GBP=X) sinks on Bank of England division The pound US dollar exchange rate eased this afternoon after the Bank of England (BoE) left its interest rate unchanged at 0.75 percent. This came despite two dissenting policymakers voting to cut the rate to 0.5 percent. The BoE was gloomy in its forecasts for […]
Euro: USD/EUR (EUR=X) Economic Data has been Improving The forex economic calendar has been light for the Euro in recent days, not atypical once we make it past the first few days of the month. Overall, Eurozone economic data has been steadily improving over the past few weeks, at least when trying to measure releases […]
Japanese Yen: USD/JPY (JPY=X) Trade optimism weighs on safe-haven assets The USD/JPY started the day below the 109 handle on Thursday and spent the Asian session in a calm manner but rose sharply during the European trading hours after China’s Commerce Ministry said that the United States and China have agreed to roll back tariffs. […]
Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior The Australian dollar has shown signs of erratic behavior over the last 24 hours but this should not be a huge surprise considering that we continue to have mixed messages coming out of the trade war between the United States and China. However, part of the resiliency that […]
NASDAQ Composite (.IXIC) has again been hit by trade jitters US stocks ended little changed on Wednesday as a report the US-China trade deal could be delayed until December was offset by gains in healthcare shares. The Nasdaq broke a three-day string of record closing highs, and the Dow barely snapped its two-day run of […]
Bitcoin: USD/BTC (BTC=X) Inches Higher as Trading Volume Climbs Bitcoin’s price has been slowly inching higher after briefly visiting its range lows around $9,000 this past weekend, but in order for bulls to maintain their growing strength, it is imperative that they push BTC past its range high resistance level at $9,500. Analysts are now […]
Baidu, Inc. (NASDAQ:BIDU) beat revenue estimates in its latest quarter but still posted a net loss Chinese internet search leader Baidu beat revenue estimates in its latest quarter but still posted a net loss, which it blamed largely on equity investments that fared poorly. The Beijing-based search leader said its total revenues in the third […]
Facebook, Inc. (NASDAQ:FB) delivers a blowout quarter Facebook has had its share of tough issues to manage over the past year. The company continued to deal with the fallout from its involvement in a data breach scandal related to the 2016 U.S. presidential election that affected millions of Facebook accounts. The tech giant had to pay a […]
United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row Oil futures finished lower on Wednesday after U.S. government data revealed that domestic crude supplies rose for a second week in a row, by nearly 8 million barrels. The build of 7.9 million […]
Ethereum: USD/ETH (ETH=) price could decline heavily if it breaks $186 Recently, there was a decent rise in Ethereum above the $188 and $190 resistance levels against the US Dollar. Moreover, ETH price traded above the $192 resistance area and settled above the 100 hourly simple moving average. However, the price faced a strong resistance near the […]
Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk said he will unveil the Tesla Cybertruck pickup truck on Nov. 21 at an event in Los Angeles Tesla CEO Elon Musk on Wednesday said Tesla will unveil the Cybertruck, its pickup truck on Nov. 21 in Los Angeles. Musk also tweeted that it’s the location and month in the […]
