British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’ The pound is clinging to yesterday’s gains against the US dollar, leaving the pairing trading around $1.312. Sterling was able to hold onto Wednesday’s gains against the dollar thanks to the reduced odds of the Bank of England (BoE) cutting interest rates at next […]
Canadian Dollar: USD/CAD (CAD=X) Slides As Bank Of Canada “Sounds Alarm” And Coronavirus Prompts Oil Prices To Tumble 4% The Canadian dollar exchange rates suffered a doubly whammy on Wednesday afternoon after contrary to many analyst expectations the Bank of Canada (BoC) statement was “extremely dovish”. “In December they said inflation was “consistent with an […]
Shanghai: SSE Composite Index (.SSEC) stocks plunge over virus scare Hong Kong equities tumbled on Thursday morning trade as investors took flight over the deadly Sars-like virus that has spread from the mainland. The Hang Seng Index fell 1.7 percent, to 27,872 at the break. On the mainland, the Shanghai Composite Index fell 2.4 percent, […]
UK FTSE 100 (.FTSE) falls 0.9% as China virus fears hit miners & travel stocks Fears of the economic impact from a coronavirus contagion in China grew today, sending the UK stock market down nearly 1%. The FTSE 100 gave up 0.9% or 64 points to close at 7,507, its steepest grop in nearly two […]
DAX PERFORMANCE-INDEX (.GDAXI) struggles to hold onto record territory German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index (DX:DAX) pushed into record territory earlier in the day, rising to a high of 13,640.06, […]
Bitcoin: USD/BTC (BTC=X) Reversal Necessary In Journey to $9,200 Bitcoin has had an interesting start of the year following the bull-run that catapulted it from lows at $6,500 in December to highs close to $9,200. The gains have seen experts in the industry including the co-founder of Fundstrat, Tom Lee who recently that he expects […]
Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated. The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 200 day EMA. […]
Japanese Yen: USD/JPY (JPY=X) Failing to Hold Gains The US dollar tried to rally during the trading session on Wednesday but gave back quite a bit of the gains in order to form a less than impressive candlestick. That being the case, if we break down below the bottom of the candlestick for the Wednesday […]
Euro: USD/EUR (EUR=X) ECB keeps interest-rate at zero, they sound extraordinarily dovish The Euro has initially tried to rally during the trading session on Thursday but gave back the gains in order to break down below the 1.1075 handle and reach even further. That being said, this is a market that looks like it’s trying […]
United States Oil (USO), Canadian oil company bankruptcies surge 50 per cent in 2019 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes […]
Facebook, Inc. (NASDAQ:FB), Amazon and Apple set records in annual spending on lobbying Facebook Inc., Amazon.com Inc. and Apple Inc. spent record amounts on lobbying in 2019, with Mark Zuckerberg’s social-media company leading the so-called FAANG companies in outlays aimed at influencing Washington, according to disclosures filed late Tuesday. The spending — which already was […]
Ethereum: USD/ETH (ETH=) outperforming bitcoin Since the beginning of 2020 Ethereum has outperformed bitcoin. In just three weeks the world’s second most popular crypto asset has surged 33% while its big brother has made just over 20%. Since the weekend’s minor pullback ETH prices have been building slowly higher, reaching $170 a few hours ago […]
Regulation will see Bitcoin: USD/BTC (BTC=X) go mainstream in the UK Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms […]
Facebook, Twitter, Inc. (NYSE:TWTR) withheld data that could prove refugee’s innocence in murder case, attorneys say Omar Ameen is an Iraqi refugee accused of carrying out an ISIS hit in Iraq in 2014 before coming to the United States. His attorneys claim he’s innocent, and was actually 600 miles away at the time of murder […]
Tesla, Inc. (NASDAQ:TSLA) Exceeds $100 Billion Market Cap in Latest Stock Rally Tesla’s stock reached an all-time high on Wednesday when it opened at $571 per share, hoisting the company over the $100 billion market cap and making it the most valuable U.S. carmaker. Globally it comes in second behind only Toyota. The market cap […]
Alphabet Inc. (NASDAQ:GOOG) trillion-dollar mark won’t be the end of the near-term gains in stock, according to history Alphabet topped the $1 trillion mark in market capitalization last week, becoming the fourth technology company — behind Apple, Microsoft and Amazon — to hit this milestone. Alphabet shares have jumped over 10% in the past month […]
Dow Jones Industrial Average (.DJI) Still Rise Despite Mixed Bag With Earnings With more marquee companies, including some members of the Dow Jones Industrial Average, stepping into the earnings confessional over the last 24 hours, there were ample headlines to move stocks Wednesday. While there was action to be had, gains for broader benchmarks were […]
NASDAQ Composite (.IXIC) at record as IBM soars The S&P 500 and the Nasdaq have scaled new highs as an upbeat forecast from IBM added to optimism over earnings, while China’s efforts to contain a virus outbreak eased worries about a wider financial fallout. IBM shares jumped 4.1 per cent after it forecast full-year profit […]
A $2-trillion Apple Inc. (NASDAQ:AAPL) stock valuation is not out of the question if it reaches this goal In one week, Apple (NASDAQ:AAPL) will announce its first-quarter results. Up more than 100% over the past year, Apple stock continues to be a godsend for Warren Buffett and Main Street investors alike. I don’t know what […]
High expectations may have left Amazon.com, Inc. (NASDAQ:AMZN) stock poised to fall Certain numbers – especially those with lots of zeros – hold great significance for stock-market traders. Amazon (NASDAQ:AMZN) stock has teased the psychologically significant $2,000 hurdle by touching it several times since the summer of 2018. But each and every time, Amazon stock […]
UK FTSE 100 (.FTSE) slides as strong pound offsets positive session for housebuilders The FTSE 100 closed lower after the strengthening pound pressed on the index following a bright morning driven by good performances from housebuilders. London’s top flight closed 38.78 points lower at 7,571.92 at the end of trading on Wednesday. It was a […]
DAX PERFORMANCE-INDEX (.GDAXI) starts to show signs of potential resurgence The DAX has been drifting lower over the course of the week, with the index giving back some of the gains seen last Wednesday. However, this is likely to be a short-term phenomenon which ultimately resolves with a move higher for the index. This hourly […]
Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over The Australian Dollar is trading flat against the U.S. Dollar on Wednesday after early session weakness drove the currency into its lowest level since December 11. This means that the entire Phase One U.S.-China trade deal premium has been wiped […]
Euro: USD/EUR (EUR=X) Volatility stands to slow in the session ahead as there are no high impacting economic reports scheduled for release A recovery attempt in EUR/USD on Tuesday was quickly met with sellers on an approach to 1.1120 and the pair has since given back gains and posted a fresh three-week low. Volatility stands […]
British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance The pound to dollar exchange rate is attempting to post a third consecutive day of gains and is probing a notable resistance area. GBP/USD turned higher on Monday and extended gains yesterday after an upbeat UK jobs report. Sterling has been particularly sensitive to incoming data as […]
Canadian Dollar: USD/CAD (CAD=X) Price Skyrockets Over $1.31 On Dovish Bank Of Canada Statement The USD/CAD has burst higher today on the dovish Bank of Canada (BoC) monetary policy statement. Compared to this morning’s price, USD/CAD trades more than 100 pips higher. Fundamental analysis: BoC unexpectedly dovish Bank of Canada left its key policy rate […]
Shanghai: SSE Composite Index (.SSEC) Trade war is 2 years old, but China escapes with flesh wound It was this day in 2018 that President Donald Trump fired the first salvo against China by raising tariffs on solar equipment and washing machines. The series of tariff hikes that ensued has slowed growth in the world’s […]
Could Bitcoin: USD/BTC (BTC=X) mend a system where President Trump is being extra generous toward banks through tax cuts? US bankers have been laughing all the way to the bank last year, quite literally. In the best year for any bank in the history of the USA, JP Morgan announced $36.4 billion in profits during […]
Ethereum: USD/ETH (ETH=) Primed For Fresh Rally This past week, there was a solid rise in Ethereum price above the $160 resistance area against the US Dollar. ETH price broke a couple of important resistance levels near $170 and traded to a new yearly. It traded as high as $179 and settled above the 55 […]
United States Oil (USO) extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output. Brent crude was down […]
Facebook, Inc. (NASDAQ:FB) Financial: 4Q Earnings Snapshot FB Financial Corp. (FBK) on Tuesday reported fourth-quarter net income of $21.6 million. The bank, based in Nashville, Tennessee, said it had earnings of 68 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 70 cents per share. The bank holding company posted revenue […]
Tesla, Inc. (NASDAQ:TSLA) crosses $100 bln stock market valuation in extended trading Tesla Inc TSLA.O became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future. The milestone comes less than a month after Tesla’s stock crossed $420, the infamous price […]
Alphabet Inc. (NASDAQ:GOOG) CEO Still Dancing Around AI Regulations Google Chief Executive Officer Sundar Pichai continues to dance around the issue of AI regulations. In a new interview with Financial Times, the head of the world’s leading AI company struggled to communicate a concrete stance on the matter. That isn’t to say Pichai hasn’t already […]
Undervalued Alibaba Group Holding Limited (NYSE:BABA) Stock Will Grow to $250 in 2020 In 2019 I pounded on the table time and time again that shares of Chinese internet giant Alibaba (NYSE:BABA) would soar above $200. In late 2019, Alibaba stock did just that. And as soon as it did, I told investors that the […]
Dow Jones Industrial Average (.DJI) five-day win streak comes to end after report of first coronavirus case in U.S. U.S. benchmark stock indexes finished lower on Tuesday, pulling back from records seen last week, after news that the Chinese coronavirus had spread to the U.S. raising fears of a pandemic that might affect global economic […]
NASDAQ Composite (.IXIC) – US stocks close lower amid jitters over virus outbreak Banks led a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets, prompting investors to shift assets into bonds and defensive sector companies. The sell-off snapped a three-day winning streak by the S&P 500. The benchmark index […]
Apple Inc. (NASDAQ:AAPL) share price has doubled, but there is a crunch coming – investors should watch out Apple shareholders must be extremely happy with the company’s performance in the past 12 months. The stock price is up 111% since the end of 2018, not to mention the US$3 (£2.31) per share that the company […]
Bitcoin: USD/BTC (BTC=X) Rallies as the Bull Market Reaches New Highs Bitcoin started the year with a bang. In the last 24 hours it went up 3%, topping $9,000. The entire week has been exciting week, with one rally after another feeding the bulls. Bitcoin has exploded by over 30% since January 1, and we’re […]
Australian Dollar: USD/AUD (AUD=X) Continues To Slide The Australian dollar initially tried to rally during the trading session on Monday but found enough trouble at the 0.69 level to turn things back around and show extreme weakness. That is also where the 200 day EMA is, and therefore it makes quite a bit of sense […]
Japanese Yen: USD/JPY (JPY=X) Momentum Shifts to Downside if 109.790 Fails The Dollar/Yen is trading lower on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and drove Asian stocks sharply lower. The outbreak of the disease, which has spread from the central city of Wuhan, is […]
Euro: USD/EUR (EUR=X) Treading Water Through January The Euro has had a modestly positive start to January. Attention remains away from the Eurozone thanks to shifts in key macro themes, namely the US-China trade war Phase 1 deal, US-Iranian geopolitical tensions, the Brexit deadline, and now the Chinese coronavirus. The Euro has gained ground against […]
Shanghai: SSE Composite Index (.SSEC) trade lower on concern about China virus The Chinese government announced there has been a fourth death from coronavirus. The outbreak, centered on the city of Wuhan, has sickened more than 200 people. Authorities said some infections were transmitted person-to-person, increasing the risk the disease might spread faster during the […]
UK FTSE 100 (.FTSE) hit by sell-off as China virus spreads to markets The FTSE 100 suffered a widespread sell-off as markets were unnerved by the spread of a new deadly virus in China. The UK’s main market followed Asian markets downward, shedding 1.2%, or 93 points, to trade near a two-week low at 7,558 […]
DAX PERFORMANCE-INDEX (.GDAXI) Stocks Index Misses a Record Close by a Whisker The DAX is also turning lower after a recent rally into resistance. That trendline looks to have capped upside for the time being, with the price heading back into Fibonacci support. A break below the 13361 support level would bring about a wider […]
United States Oil (USO) Price Rises after Libyan Oilfield Shutdowns Oil price rose to its highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, Reuters reported. Brent crude LCOc1 futures were up by 74 cents, or 1.1%, to $65.59 by 0331 GMT, […]
Bitcoin: USD/BTC (BTC=X) Paying A Quarter To Move $450 Million It’s common knowledge that there are various Twitter accounts spread across the internet that warn of multiple “whale” transactions: Transactions of large coin volumes. Bitcoin is no exception to this in the crypto industry. Yesterday, these accounts told the public of a significant transaction, more […]
Ethereum: USD/ETH (ETH=) follow the positive events that will affect BTC’s price Like its most popular peer in Bitcoin (BTC), Ethereum (ETH) is also trading higher since the start of the year, albeit falling short to some predictions. Last month, some analysts forecasted that ETH would be worth $240 five days ago, but resistance at […]
Tesla, Inc. (NASDAQ:TSLA) blames stock short-seller for ‘completely false’ claims of unintentional acceleration Tesla is disputing claims that all three models of its electric vehicles could unexpectedly accelerate without the driver taking action. The car company issued a statement on Monday afternoon, saying a stock short-seller was behind the claims, which resulted in a National […]
Alphabet Inc. (NASDAQ:GOOG) – a $1trillion empire built on a simple idea Google’s parent company Alphabet passed the $1trillion market cap mark last week, further cementing tech’s place at the top of the global business tree. There are now four US tech companies that have reached a stock market value of $1trillion – Apple, Amazon […]
Dow Jones Industrial Average (.DJI) Still Worth Following? The Dow Jones Industrial Average (DJINDICES: ^DJI) is one of the world’s most followed stock market indexes. With a history that dates back to the 19th century, the venerable market benchmark has played a vital role in the general public’s understanding of how the stock market works. […]
Apple Inc. (NASDAQ:AAPL) Marches Toward $2 Trillion Valuation Apple’s market capitalization is $1.4 trillion, and the stock is at an all-time high. Yet, a number of analysts believe that this year’s 8% increase is only the start of a drive which will take it to $2 trillion. These analysts believe that one key to a […]
Netflix, Inc. (NASDAQ:NFLX) Is Up To Bat This Q4 Earnings Season Tech is up to bat in Q4 earnings season, and the streaming king is releasing its results after the bell Tuesday, January 21st. Despite Netflix’s NFLX massive decade of returns, it appears that the shares have leveled out. Over the last 52-weeks, this stock […]
DAX PERFORMANCE-INDEX (.GDAXI) – European markets slip back ahead of crunch ECB meeting European shares retreated from recent peaks on Monday as investors paused before launching into a week packed with economic data and the European Central Bank’s first policy meeting of the year. Recurring fears of a hard Brexit and bets that the Bank […]
Shanghai: SSE Composite Index (.SSEC) Stocks Mostly Up as Chinese Rates Stay Put Stocks in major Asian markets were mostly higher on Monday, with the People’s Bank of China keeping the loan prime rate unchanged. In Japan, the Nikkei 225 index gained 42.25 points, or 0.2%, to 24,083.51, despite shares of index heavyweight Fast Retailing […]
Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin The Australian Dollar exchange rates remained largely flat on Monday as trading volumes were thin due to the closure of US markets for Martin Luther King Day. Despite the global risk-on sentiment, the ‘Aussie’ opened this week down for the third consecutive week, with the […]
Japanese Yen: USD/JPY (JPY=X) Ready to Pull Back The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around. At this point, I think that the market is running into a bit of exhaustion, perhaps needing to pull back […]
Euro: USD/EUR (EUR=X) Softens The Euro initially tried to rally during the trading session on Monday, but then ran into a bit of trouble at the 1.11 handle. By pulling back from there, it shows signs of weakness, and it’s very likely that the market will continue to be very choppy in general, as it […]
Canadian Dollar: USD/CAD (CAD=X) Risks Tilted To Downside Ahead Of Bank Of Canada Meeting “The Bank of Canada meets tomorrow, and we expect no change in the monetary stance (in line with consensus). However, we suspect markets have too aggressively priced out BoC easing and the balance of risks for CAD appears tilted to the […]
Bitcoin: USD/BTC (BTC=X) reached its highest level since early November On Jan. 18, Bitcoin (BTC) price finally made a strong push through the resistance level at $9,000 and rallied to $9,194 before pulling back slightly. BTC price has reached its highest level since early November, hitting $9K for the first time in 2020. The upside […]
Ethereum: USD/ETH (ETH=) in a Decisive Move, Attempts a Rally above $200 Interestingly, Ethereum has made a positive impact and pushed into the earlier price range. About two days ago, the bulls couldn’t break above the resistance at $160. The price has successfully breached the resistance as the coin reached a high of $172. Ether […]
United States Oil (USO) trading higher after two large crude production bases in Libya began shutting down amid a military blockade Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from […]
British Pound: USD/GBP (GBP=X) Investors Eye Job Numbers GBP/USD has started the week with slight losses. Currently, the pair is trading at 1.2979, down 0.21% on the day. There was positive news out of the housing sector, as the Rightmove House Price Index rebounded with a gain of 2.3% in January, after posting five declines […]
Australian Dollar: USD/AUD (AUD=X) Downside Momentum Targets .6851 – .6809 After showing signs of strength early in the session on the back of solid Chinese Gross Domestic Product (GDP) data, the Australian Dollar reversed to the downside to finish lower for the session. Stronger-than-expected U.S. housing data drove Treasury yields higher, making the greenback a […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Rockets Higher Against Japanese Yen During The Week The US dollar has rallied against the Japanese yen during the week, breaking above the 200 week EMA. That’s a good sign, and for that matter we have even broken above the 110 level which of course is a large round […]
Euro: USD/EUR (EUR=X) technical outlook conflicted ahead of key data The Euro ceded ground to the Dollar and underperformed many major rivals last week although the charts suggest a further sell-off cannot be ruled out for the days ahead, which will also see the single currency tested by European Central Bank (ECB) rhetoric and IHS […]
British Pound: USD/GBP (GBP=X) technical outlook bearish ahead of key data The Pound ceded ground to the Dollar and underperformed all major rivals of late although the charts are flagging more downside potential ahead of jobs and PMI data due out this week, which will be key to the outlook for Sterling. Sterling closed 0.29% […]
Canadian Dollar: USD/CAD (CAD=X) Bank Of Canada’s (BoC) Anticipated Decision In Focus The Canadian Dollar is being supported by various global and domestic factors, but investors have also been hesitant to move too much on the currency amid anticipation for major data and Bank of Canada (BoC) news next week. Illustrating the Canadian Dollar’s resilience […]
Shanghai: SSE Composite Index (.SSEC) A new epic — Chinese economy in 2020s With the arrival of a new decade, one predictable thing about China in the 2020s is that it is shifting into a higher-quality economy that is more open and abounds with new opportunities for global businesses. Despite a cloud of challenges, China’s […]
Bitcoin: USD/BTC (BTC=X) Falls Back After Briefly Breaking $9k Resistance View Bitcoin has all but erased the day’s gains after pushing past the $9,000 resistance level this morning. A significant move back above $9,000 could trigger liquidations and a possible short squeeze across the market. Other cryptocurrencies continue to recoup losses from late 2019. Bitcoin’s […]
Apple Inc. (NASDAQ:AAPL) a Strong Buy Heading into Earnings? Apple’s AAPL run over the last year, up over 100%, is impressive by its own lofty standards. AAPL shares have surged despite the fact that its fiscal 2019 sales slipped 2%, against a hard to compare 2018. With Apple’s first quarter fiscal 2020 financial results due […]
Bitcoin: USD/BTC (BTC=X) Explained. Past, Present and Future Bitcoin is 10 years old. And, after all, is in good health. During the past decade, historical ups followed by catastrophic downs and viceversa took the stage. Thousands of articles about its mysterious founder(s), its evolution, real and clearly unreal price predictions, and its near future death, […]
Ethereum: USD/ETH (ETH=) long term technical indicators are turning bullish It would be fair to say that Ethereum is still deep within a two-year bear market. Since its heady peak, this time two years ago the world’s second most popular crypto asset has dumped 88% to current levels. It has remained lethargic throughout 2019 with […]
United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]
Facebook, Inc. (NASDAQ:FB) stock has risen 180% over the last five years For more than two years, Facebook has found itself at the center of a string of controversies, from privacy and data concerns to accusations of democracy-destroying behavior and antitrust investigations from the Federal Trade Commission. CEO Mark Zuckerberg has been called to testify […]
Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center U.S. electric car maker Tesla plans to open a design and research center in China to make “Chinese-style” vehicles, the company said in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other staff to help […]
Alphabet Inc. (NASDAQ:GOOG) parent, Alphabet Inc, valued at more than $1 trillion Alphabet Inc. hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first time, solidifying the dominance of technology and internet stocks as the biggest titans of Wall Street.Shares rallied in the last […]
Alibaba Group Holding Limited (NYSE:BABA) Stock Could Cruise Past $300 In 2020 With Alibaba (NYSE:BABA) spreading its wings, the past year has been rewarding for shareholders. BABA stock has surged by 53% over the past year, backed by strong fundamental developments. I further believe that the stock is well positioned to touch $300 within the […]
Dow Jones Industrial Average (.DJI) Trade Deal’s Done, Earnings Take Focus After several years of what were often hostile or unproductive negotiations, the U.S. and China finally inked the first part of what the world’s two largest economies are hoping will be a broader trade package. That and some earnings reports from marquee companies paved […]
NASDAQ Composite (.IXIC) – Tech, financial shares lead surge to record highs The record-setting rally in U.S. equities accelerated in the wake of Wednesday’s China trade deal and signs consumer demand remains strong. Bond yields rose. All three main U.S. stock benchmarks surged to all-time highs after setting multiple records earlier this week, with technology […]
Euro: USD/EUR (EUR=X) Strengthening the Correction For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction and break through the 1.1200 psychological resistance, but the pair gains did not exceed the 1.1163 level, despite the announcement of many important economic data and influential […]
New Zealand Dollar: NZD/USD (NZD=X) Momentum Shift May Lead to Test of .6671 – .6692 The New Zealand Dollar is strengthening against the U.S. Dollar on Thursday, following through on the move from the previous session that reversed earlier losses. The currency is likely being supported by hopes the U.S.-China trade deal, signed on Wednesday, […]
Canadian Dollar: USD/CAD (CAD=X) Supported by Positive Risk Sentiment The Canadian dollar is trading sideways. It bounced around in a narrow USD/CAD range of $1.3035-$1.3046 overnight, unable to garner any traction in either direction. There aren’t any top-tier domestic economic data available until next Wednesday when the Canadian inflation report is released. That is the […]
Shanghai: SSE Composite Index (.SSEC) is expected to release key December economic data today Chinese stocks retreated for a third day, as traders looked past the tentative truce in the US-China trade war to focus on lingering issues that could still fray the relationship between Beijing and Washington. The Shanghai Composite Index dropped 0.5 per […]
UK FTSE 100 (.FTSE) lagging a fairly flat set of European indices through the session to close in the red Shares in veterinary-focused drug maker Dechra Pharmaceuticals slipped after it warned full-year results would be weighted towards the second half following supply problems that hit its first-quarter performance. In an update to the City, Dechra […]
DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal German stocks advanced on Thursday after the United States and China signed a trade truce, helping ease investors’ concerns of further escalation in the costly conflict. Some questions still remain over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go any […]
Bitcoin: USD/BTC (BTC=X) Turns Indecisive at Two-Month High The bitcoin market is telling a tale of bullish exhaustion with indecisive price action following a rise to the highest point since November. The top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high […]
United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese […]
Tesla, Inc. (NASDAQ:TSLA) Elon Musk is closing in on a $350 million payday Elon Musk is getting close to the first big payday from his massive stock package. In 2018, Tesla shareholders approved a pay package for Musk that pays him only in company stock options, and only if the company hits aggressive growth targets, […]
Netflix, Inc. (NASDAQ:NFLX) Takes Pole Position in the Oscars Race Netflix (NASDAQ: NFLX) has long been known as a Hollywood disruptor, but the disruption may now be complete. The 2020 Oscar nominations were announced on Monday, and the leading streamer took home more than any other studio, garnering 24 nods, up from 15 a year ago. […]
Apple Inc. (NASDAQ:AAPL) Shooting stock, profits plunging Apple shareholders must be extremely happy with the company’s performance in the past 12 months. The stock price is up 111% since the end of 2018, not to mention the US$3 (£2.31) per share that the company has paid in dividends over the period. While Apple’s full-year 2019 […]
NASDAQ Composite (.IXIC) tread water ahead of trade-deal signing U.S. stock benchmarks on Wednesday opened slightly lower to flat as investors awaited the signing of a partial Sino-American trade pact later in the day, amid a rollout of quarterly corporate earnings results. The hoped for improvement in U.S.-China trade relations might not be immediately achieved […]
Ethereum: USD/ETH (ETH=) is trading higher and above both the 2019 and 2020 open Ethereum’s daily Ichimoku chart certainly hints at a change in direction – but not yet a change in trend. It’s hard to believe that Ethereum was trading up +178% in June 2019 only to close 2019 for a loss ultimately, but […]
Alphabet Inc. (NASDAQ:GOOG) buys Irish tech firm Pointy for reported $163m Irish retail technology firm Pointy is to be bought by Google. Neither company has disclosed the value of the deal, but sources confirmed the accuracy of a TechCrunch report that Google will pay around $160m. Set up six years ago, Pointy makes software that enables small bricks and […]
Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact U.S. stock indexes closed higher Wednesday afternoon, though the major benchmarks ended the day well off session highs, after President Donald Trump signed the first phase of a trade pact with China, marking a truce […]
Bitcoin: USD/BTC (BTC=X) reaching their loftiest value since mid-November Bitcoin prices rallied today, reaching their loftiest value since mid-November as the broader market pushed higher. The digital currency climbed to $8,848.92 at roughly 1:15 p.m. EST, according to CoinDesk data. At this point, the cryptocurrency was up 3.6% for the day, and was trading at […]
Japanese Yen: USD/JPY (JPY=X) Trader Reaction to Former Tops Will Set the Tone The Dollar/Yen is trading lower early Wednesday as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is designed to draw a line under 18-months of back-and-forth tariffs that hurt global economic growth. However, to the […]
Euro: USD/EUR (EUR=X) Continues To Consolidate The Euro initially tried to rally during the trading session on Tuesday but found the 200 day EMA to be a bit too restrictive to reach to the upside for any significant amount of distance. We also broke down but haven’t necessarily broken any support levels either. The 1.11 […]
British Pound: USD/GBP (GBP=X) Building Support Against Greenback The British pound has gone back and forth during the trading session on Tuesday, as we continue to see a lot of interest around the 50 day EMA. Furthermore, we are dancing around the 1.30 level, so it looks very likely that this level will continue to […]
Canadian Dollar: USD/CAD (CAD=X) Bearish Momentum Enough to Add to Downtrend? US Dollar weakness is expected to accelerate in 2020, and the Canadian Dollar was one of the best performers against the world’s top reserve currency. The most recent intra-day low in the USD/CAD marked a lower low, keeping the long-term downtrend intact. A recovery […]
Bitcoin: USD/BTC (BTC=X) shoots up almost 10% We closed the day, January 14 2020, at a price of $8,827. That’s a decent 8.43 percent increase in 24 hours, or $686. It was the highest closing price in sixty-four days. We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap […]
