The EU’s top competition official vowed Thursday to fight on to make big companies pay more tax, after Brussels suffered a major legal defeat in a long-running tussle with Apple. In a sign that the EU was not dissuaded from its scrutiny of big tech, Margrethe Vestager, the EU’s competition commissioner, also announced a wide-ranging […]
$AAL, $ADBE, $AVGO, $DLTR, $LEN, $KMX, $EBAY, $SPY Wall Street analysts have price targets by 16% or more on 9 S&P 500 companies, including like Lennar (LEN) and American Airlines (AAL) plus tech Adobe (ADBE), 6 of the 9 are leading S&P 500 companies with a Composite Rating of 90 or higher. That’s according our analysis of data from S&P Global […]
$DIA $SPY $QQQ $RUTX “The financial market is a reflection of the world it operates in, the essential meaning of the wisdom of money in action, expressed through buying and selling companies’ shares, it is always right.” Economist John Maynard Keynes likened the stock market to a beauty contest in which competitors try to pick […]
$DIA $SPY $QQQ $RUTX $GLD $XAU S&P 500 futures Vs fair value: +19.90. NAS Com futures Vs fair value: +85.40 There is a new Fund Manager Survey is out Wednesday, and it shows improvement in sentiment, and that only 18% of participants believe in this V-shaped recovery plus, 50%+ of the respondents see this rally […]
$TWTR $GOOG $GOOGL $FB Draconian censorship is in full swing now over the novel coronavirus SARS-CoV-2 and C-19. Anything that questions or contradicts the biased edicts of the World Health Organization (WHO) is now being blocked, taken down or tagged as fake news on social media platforms. According to NewsGuard, “There is no evidence that the […]
$DIA $SPY $QQQ $RUTX $VXX The stock market is blocking bad news now and is saying the “worst is behind us“ It is the Key rationalization for the expansion, expansion to the point where the S&P 500 is trading today at a higher P/E multiple based on forward 12-month earnings 19.7X than it was trading […]
“…the only thing we have to fear is fear itself.”–President Franklin Delano Roosevelt In just a few weeks the whole world changed. The SARS-CoV-2 virus that triggers the infection commonly known as COVID-19 was officially called a public health emergency of international concern by the World Health Organization (WHO) on 30 January 2020. Concern over the […]
$DIA $SPY $QQQ $RUTX $VXX Despite millions of jobless claims, despite most of the country being sequestered at home, despite a falling in GDP, and despite the scare and fear brought on by the coronavirus the major US market stock indexes have recovered 50% of their losses in just the last 2 wks. At the […]
Official Information WHO: Daily Global Situation Reports WHO: Situation Dashboard CDC: COVID-19 Latest US Data CDC: Coronavirus Emergency Resource Page CDC: Health Recommendations to Prevent Virus CDC: The Coronavirus and Children CDC: Advice for Travelers Abroad CDC: Advice for Travelers, Domestic US CDC: Frequently Asked Questions About the Disease Debunking Myths About COVID-19, WHO News […]
Scroll down for the good news, share with your friends and relatives. The Big A: According to US Surgeon General Dr. Jerome Adams, wearing a mask may actually increase your risk of infection, as most people will touch their face even more frequently when wearing 1. The CDC only recommends surgical masks for: People who […]
$DIA $SPY $QQQ $RUTX $USO $GLD Monday, the DJIA saw its worst decliner since Y 2008 in response to news of COVID-19 and the Saudi/Russia Crude Oil price war, and the ride the stock market/s have taken in the last 2 wks has left lot of investors with stomach aches. If you have a 401(k) […]
$DIA, $SPY $QQQ $RUTX $VXX Forget that the major US stock indices posted a gainer last week. All that most investors will remember is a wild week that took their portfolios on a harrowing roller coaster ride. These market fluctuations are not 1 month, 1 week, but 1 day moves The weekend’s news about the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX As a reminder, the market will be closed on Monday for Martin Luther King Jr. Day. Friday: Overall, it was a relatively subdued session that had the potential for even more gainers, as housing starts rose to their highest level in 13 years in December, China’s industrial production rose more […]
Saturday, President Trump admonished the Washington Post for a “phony” story that reports he is irked and worried amid Democrats’ impeachment inquiry. In a Tweet, President Trump put down the Friday article reporting that he is frustrated witnesses are coming forward to testify before the House. “The Fake Washington Post keeps doing phony stories, with zero sources, that […]
Chinese official to visit US to prepare for trade talks A Chinese vice finance minister will visit the United States on Wednesday to lay the groundwork for trade talks next month, state media said. The United States and China have been embroiled in a bruising trade war for more than a year but they have […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks finished on the highs Wednesday in a broad-based advance. The S&P 500 increased 0.7%, overcoming a negative start that was attributed to declining Treasury yields and finished near session highs. The DJIA increased 1.0%, the NAS Comp increased 0.4%, and the Russell 2000 finished +1.2%. Wednesday’s session did […]
Lots of investors have overlooked the story about the stock market and President Trump’s policy on the trade dispute with China dispute, some are calling it a war, I am calling Super Business Dealings Here we explore the issue with the help of this chart, you have to click for it as it is content […]
Last month Donald Trump watched Fox News lob what he called “softball questions” at a Democratic lawmaker. The US president then delivered a crisp smackdown of his favorite network: “Fox sure ain’t what it used to be.” After years of often fawning coverage by Fox, particularly from its pro-Trump anchors like Sean Hannity, the commander […]
Kim Castro is named the new Editor and Chief Content Officer of U.S. News & World Report, announced U.S. News Executive Chairman Eric Gertler. As the 1st female editor and chief content officer of U.S. News, Castro will assume day-to-day oversight of all of U.S. News’ editorial content, working with editors and teams in each section to […]
LifeApps Brands Inc. (OTC:LFAP) Weekly Technical Analysis Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.09. The projected upper bound is: 0.10. The projected lower bound is: 0.04. The projected closing price is: 0.07. Candlesticks A white body occurred (because prices closed higher than they opened). […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Wall Street Liked the Trade News and Earnings Reports Moving this Market S&P 500 closes above 3000, boosted by encouraging trade news and positive earnings, guidance from widely-held companies High-level trade talks will reportedly continue in China next week from Monday to Wednesday 10 of 11 S&P 500 sectors […]
Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has announced the appointment of new executive employees to help guide the company towards profitability and long-term success. Jerome Carle, Chief Executive Officer at Julphar said: “We have set forward a new broad reaching strategy that will make us stronger as an […]
FLASH: The initial shock at the success of this blunt and volcanic man who attacked all factions of both parties and assaulted almost every element of OBushinton political correctness and conventional wisdom, whose inaugural address was described at once by George W. Bush to Hillary Clinton as “some weird s***,” has mutated into a fear […]
LifeApps Brands Inc. (OTC:LFAP) Weekly Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.09. The projected upper bound is: 0.10. The projected lower bound is: 0.03. The projected closing price is: 0.07. Candlesticks A […]
LifeApps Brands Inc. (OTC:LFAP) Technical Analysis Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.12. The projected lower bound is: 0.05. The projected closing price is: 0.08. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
YBCC, Inc. (OTC:YBAO) Technical Analysis Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
YBCC, Inc. (OTC:YBAO) Technical Analysis Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
Pental Limited (PTL:AX) biggest intraday pct gain since May 14 Shares of Pental Ltd PTL.AX rise as much as 5.3% to A$0.30, in their biggest intraday pct gain since May 14 Distributor of personal care and home products says it expects FY19 net sales revenue of A$101 mln ($69.91 mln) vs A$75.7 mln prvs year, underlying NPAT of A$3.4 […]
Lynas Corporation Limited (LYC:AX) China is threatening to restrict the supply of rare earth minerals to the United States Lynas Corp LYC.AX on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war. […]
LifeApps Brands Inc. (OTC:LFAP) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.10. The projected upper bound is: 0.12. The projected lower bound is: 0.05. The projected closing price is: 0.08. Candlesticks A white […]
YBCC, Inc. (OTC:YBAO) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
The U.S. Geological Survey rated the earthquake that occurred Monday morning a preliminary 4.0 magnitude. The quake was in Lake Erie north of the metropolitan Cleveland area.
YBCC, Inc. (OTC:YBAO) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
YBCC, Inc. (OTC:YBAO) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.42. The projected lower bound is: 0.05. The projected closing price is: 0.24. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
LifeApps Brands Inc. (OTC:LFAP) Trading Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.17. The projected lower bound is: 0.07. The projected closing price is: 0.12. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
YBCC, Inc. (OTC:YBAO) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.42. The projected lower bound is: 0.05. The projected closing price is: 0.24. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
Saturday, President Donald brushed off noise of a possible weapons test by NKorea, vowing that leader Kim Jong Un “will do nothing to interfere” and that a denuclearization deal with the US “will happen.” The Tweet, posted while President Trump was in route to the Trump National Golf Club in Virginia, was the President’s 1st […]
Maxis Berhad (6012.KL) Shayne Heffernan has a “hold” call and target price of RM5.15 on the stock At the 20 sen per share dividend Maxis Bhd has been paying out annually in the past four years, last Thursday’s closing price of RM5.36 would have delivered an implied yield of about 3.7%. The question here is […]
FlASH: A groundbreaking new study holds heartening news for older Americans. Since the mid-1990’s, the number of seniors who suffered a heart attack or died from one dropped dramatically evidence that campaigns to prevent heart attacks and improve patient care are paying off, Yale University researchers said. The study of more than 4-M Medicare patients […]
LifeApps Brands Inc. (OTC:LFAP) Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.05. The projected upper bound is: 0.22. The projected lower bound is: 0.10. The projected closing price is: 0.16. Candlesticks A black body occurred […]
President Trump accused “the fake news” of photo-shopping images of First Lady Melania Trump and pushing conspiracy theories it was not her by his side while touring tornado-ravaged Alabama. His comments came in a Wednesday Tweet: “The Fake News photoshopped pictures of Melania, then propelled conspiracy theories that it’s actually not her by my side in […]
FLASH: American citizens will need visas to travel to the European Union starting in Y 2021 is Fake news! By Y 2021, Americans traveling to certain countries in Europe will have to preregister online as part of a security system intended to screen visa-free travelers. Currently, US citizens with a valid passport can visit Schengen […]
$TSLA Tesla’s (NASDAQ:TSLA) share price was nowhere near the necessary mark to help convert its $920-M in bonds to stock even before CEO Elon Musk’s recent incendiary Tweets. And so Mr. Musk’s contentious Tweets killed any last-minute hopes that a miracle rally is in the offing. His struggling EV company is on the hook to […]
WH GROUP LIMITED is a Hong Kong-based investment holding company principally engaged in pork businesses. The Company operates its businesses through four segments. Packaged Meats segment is engaged in the production, wholesales and retailing of low temperature and high temperature meat products. Fresh Pork segment is engaged in the production, wholesales and retailing of fresh […]
Walmart Inc. (NYSE:WMT) shares jump Stocks on Wall Street opened with modest losses Tuesday as U.S. investors returned from a three-day weekend and U.S. and Chinese negotiators prepared to resume trade talks in Washington. The S&P 500 SPX, +0.15% was off 0.2% at 2,769, while the Dow Jones Industrial Average DJIA, +0.03% lost 16 points, […]
Tianci International, Inc. (CIIT.PK) Heffx Technical Analysis Overall, the bias in prices is: Upwards and the Money Flow in to the stock is strong. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.91. The projected upper bound is: 2.04. The projected lower bound […]
African Gangs, the ones the Media and Politicians tell us don’t exist continue to wreak havoc in Melbourne and the problem is spreading across the Country. The African Gang Members are rarely arrested or prosecuted due to the deliberate blind-eye Police turn to their activities inline with the Left Wings Political Correctness and the refusal […]
Winx set to thrill crowds again. By Ray Hickson at RacingNSW When Chris Waller talks about Winx he often uses sporting analogies and in those terms the champ has had a perfect pre-season, is match fit and all set for the big game next Saturday. As the world’s best racehorse made a public appearance at […]
The Darren Weir case, guilty or not, is a sad reflection on the Australian Authorities and Media and demonstrates their strong bias against some groups of society. Darren Weir was arrested it seems for questioning, the raid on his properties was blasted around the world and the Media/Social Media in Australia found him guilty immediately. […]
Tips and race by race preview by Brad Gray for Saturday’s meeting at Rosehill Gardens. The rail is out 3m the entire, the track rated in the Soft range (Friday morning) and the first set to go at 12:50pm. Race 1 – 12:50PM CANONBURY STAKES (1100 METRES) Have been waiting what seems like an eternity […]
Racing at Meydan on Saturday, a seven-race card, is highlighted by a turf handicap over 1800m, the Healthpoint Better Together Cup. Sixteen are declared, the maximum allowed, headed by a trio already in possession of handicap mark sufficient to make them eligible for races at the Dubai World Cup Carnival. Trained by Sandeep Jadhav and […]
The raid on Darren Weir conducted this morning by Police has been blasted not only around Australia but around the world thanks to the amazing coincidence of the media showing up to film the raid. How exactly does that happen, are the Police orchestrating these arrests with the Media in an attempt to prejudice public […]
A newly discovered FaceTime bug lets people hear and even see those they are reaching out to on iPhones using the video calling software, sparking privacy fears. The bug, initially outlined by Apple product and review website 9to5Mac.com, was reported by several media outlets. A video posted at Twitter account @BmManski showing how simple it […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stocks jumped at the open on initial speculation that a deal to reopen the government was imminent, the notion that the Fed may be getting close to the end of its balance sheet normalization effort, plus the expression from Treasury Secretary Mnuchin that the US is making progress with China trade […]
Hall of Fame Trainer Bill Mott has two chances to win Saturday’s inaugural running of the $7 million Pegasus World Cup Turf Invitational (G1) with Yoshida and Channel Maker. Yoshida, the 5-2 morning line favorite, is a rare Grade 1 winner on both turf and dirt. He comes into the Pegasus off a fourth-place finish […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Fake News: reports of canceled trading meeting with Chinese officials untrue, there was No meeting planed to cancel. “The big meeting that everyone’s moving towards will be Vice Premier Liu He is coming at the end of the month, as I think everybody knows. That will be a very important […]
Segenhoe Yearlings Head to 2019 Magic Millions Segenhoe look set for another successful year as their 2019 Yearlings head to the 1st major sale at Magic Millions on Australia’s Gold Coast. This year Segenhoe are bringing very well bred yearlings by some of the hottest sires in Australia. Snitzel, I Am Invincible , So You […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 fell 2.1% Friday on headline uncertainty surrounding politics and trade. As they continued to provide a justification to reduce risk. Friday’s decliner pushed the benchmark index to a new yearly low at 2408.12 and a weekly loss of 7.1%. All 11 S&P 500 sectors finished in the […]
Thursday, the White House National Trade Council Director Peter Navarro urged people not to get “hung up” in the day-to-day news of what China says it plans to do, following reports the country is preparing a new policy that will promise greater access for foreign countries. “I would focus on March 1, when we’ll have […]
A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering them to immediately to stop […]
There is disconnect in the markets between strong fundamentals and weaker valuations , and it’s being driven by both negative real and fake news. $DIA, $SPY, $QQQ, $RUTX The global head of macro quantitative and derivatives research at JPMorgan, is among the analysts who published a year-ahead outlook on Friday with an expected Y 2019 […]
Facebook, Inc. (NASDAQ:FB) back in correction territory Tech stocks are back in correction territory after a painful day for public exchanges. The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily. In total, the so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet-owned […]
Apple Inc. (NASDAQ:AAPL) Facing the reality of market saturation Apple shares fell Tuesday after HSBC downgraded the stock, citing too much dependence on a single product and slowing emerging markets economies. HSBC downgraded Apple to hold from buy and cut its 12-month price target to $200 from $205. Apple shares fell 1.7 percent to $181.66 […]
Dow Jones Industrial Average (.DJI) Wall Street’s enthusiasm for the US-China trade truce has completely vanished That was fast. Wall Street’s enthusiasm for the US-China trade truce has completely vanished. The Dow dropped 799 points, or 3.1%, on Tuesday. At one point, the index was down 818 points. The S&P 500 declined 3.2%, while the […]
Bitcoin: USD/BTC (BTC=X) Support At $3,700 At spot prices, BTC is back to green and up three percent from last week’s close but stable below $4000 in the last day. Of note though is the rejection of lower lows below our sell trigger line and main support at $3,700. Because of the long lower wick […]
Twitter, Inc. (NYSE:TWTR) stock has the long term support it needs When it rains, it pours. Nowhere is that more true right now than the social media industry, which has dealt out massive pullbacks in names like Twitter (NYSE:TWTR), Facebook (NASDAQ:FB) and Snap (NYSE:SNAP). But unlike two of these names, Twitter stock is actually one […]
NASDAQ Composite (.IXIC) plunges by about 4% in late-session trade Selling on the NYSE on Tuesday afternoon has reached panic-like proportions, as the exchange’s Arms Index rose. The Arms is a volume-weighted breadth measure, that tends to rise when the broader market falls, as the intensity of the selling in declining stocks is usually greater […]
Tesla, Inc. (NASDAQ:TSLA) target to $420 Tesla Inc. closed just shy of $360 a share Tuesday, the highest since Aug. 8, as it bucked a larger sell-off in major indexes including the Nasdaq and Dow Jones Industrial Average. Reaching that price could help placate investor concern about Tesla’s cash flow as it looks to sustain […]
United States Oil (USO) pressured by a weekly report from the American Petroleum Institute Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said U.S. crude inventories rose by 5.4 million barrels in the week to Nov. 30, to 448 million barrels, in a sign that U.S. oil markets […]
Alibaba Group Holding Limited (NYSE:BABA) set to rally over the next several months Since early October, the broader markets have been spiraling downward on concerns that more rate hikes and bigger tariffs would create a material drag on global economic growth. But over the past two weeks, those two major concerns have significantly receded, leaving […]
Alphabet Inc. (NASDAQ:GOOG) decline entirely attributable to the broader market Shares of Alphabet, parent company of online search giant Google, finished the day down 4.8%. With only a slightly greater loss than the Nasdaq Composite’s decline on Tuesday, the stock’s sell-off is probably entirely attributable to the broader market decline. The stock’s decline on Tuesday […]
MBH Corporation PLC (M8H.DU) Focus on Small Business for Big Success MBH will use the Agglomeration model to turn small business acquisitions in to a large successful company. For MBH to achieve its economic objectives, it will identify and acquire good, well run, profitable and debt free small businesses. Unlike traditional models, MBH are neither […]
UK FTSE 100 (.FTSE) rally fades amid GBP volatility A bullish start to trade today for the FTSE 100 has faded amid a sterling rebound on rumours that Article 50 could be reversed unilaterally. That being said, we have been seeing a period of strength over the past two weeks, and there is a strong chance we […]
Germany: DAX PERFORMANCE-INDEX (.GDAXI) pullback likely to be short-term in nature The DAX has been pulling back throughout the start of the week, with the price respecting trendline and the 200-day simple moving average (SMA) support this morning. The recent rebound comes from a long-term uptrend, raising the chance that we will see the beginning of a […]
Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run The Australian and New Zealand Dollars are trading higher on Tuesday, following the release of the RBA Rate Statement. At 0349 GMT, the AUD/USD is trading .7369, up 0.0011 or +0.15% and the NZD/USD is at .6961, up 0.0032 or +0.45%. The Reserve Bank of Australia […]
GOLD 1 OZ (XAU=X) could potentially see further strength The spot gold market is sharply higher by $20.91 per-ounce at $1241.12. The metal is up a solid 1.71% thus far on the session, and could potentially see further strength if outside markets continue on their current course. Heavy resistance may be seen around the October […]
Australia: S&P/ASX 200 (.AXJO) sentiment on global trade turns bearish Australian shares closed lower on Tuesday, wiping most of the gains from the previous session as investor sentiment on global trade turned bearish. The S&P/ASX 200 Index fell 58.1 points, or 1 per cent, to 5713.1 while the broader All Ordinaries slid 58.8 points, or […]
British Pound: USD/GBP (GBP=X) lifted on Article 50 news Cable has seen strong gains as a European judge weighs in on Article 50 but rallies here over the past few weeks have merely been the cue for fresh selling. The GBP/USD pair created a new lower high and lower low in the intraday charts yesterday, so any […]
Hong Kong: HANG SENG INDEX (.HSI) questions remain about the details of the trade agreement Stocks in Asia mostly slipped on Tuesday amid uncertainty about the future of U.S.-China trade relations. Japan’s Nikkei 225 fell by 2.39 percent to close at 22,036.05 while the Topix index shed 2.36 percent to 1,649.20 by the end of […]
SILVER 1 OZ 999 NY (XAG=X) look forward to the Fed’s expected December rate hike After a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge. The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally. […]
Japanese Yen: USD/JPY (JPY=X) falls sharply The USD/JPY pair has been hit by heavy selling, having been unable to move above ¥114.00 over the past month. The next area of support is around ¥112.30, the late November lows. Below this is the October low around ¥111.65. Any break higher requires a daily close above trendline resistance from […]
Euro: USD/EUR (EUR=X) stuck below $1.14 The EUR/USD pair has continued to rally from the low of last week, but a breakout above $1.14 still eludes it. From there $1.145 and $1.15 would come into play as possible resistance. So far this morning a rally towards $1.14 has run out of steam, so we may see fresh […]
Singapore: STI Index (.STI) concerns over slowdown in the city-state’s manufacturing activity Singapore shares slid on Tuesday, one of the worst performing markets in Asia, amid concerns over slowdown in the city-state’s manufacturing activity and as doubts shrouded U.S.-China trade truce. Malaysia stocks also declined. The Straits Times Index ended 0.7% lower at 3167.79. Yangzijiang […]
Shanghai: SSE Composite Index (.SSEC) an inverted U.S. yield curve raised concerns about a possible recession Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible […]
Bitcoin: USD/BTC (BTC=X) down 80% since last December Fundamentals are extremely bullish and with regulators amending/formulating new laws, it’s clear that Bitcoin is here to stay. That could explain the increasing level of use, institutional interest and more funds for infrastructure development. Thing is, poor policies can cause irreparable damage for an economy. Unfortunately, then […]
Facebook, Inc. (NASDAQ:FB) former Facebook colleagues asking about job openings Some former Facebook employees say their phone is ringing a lot more in the last two months. On the other line: former Facebook colleagues asking about job openings or looking for a reference. This type of behavior is normal at most companies. But according to […]
Tesla, Inc. (NASDAQ:TSLA) has taken investors on a wild ride, but the trend has been mostly upward Like its CEO Elon Musk, Tesla (NASDAQ:TSLA) is as volatile and unpredictable as they come. Tesla’s stock price has gyrated wildly from $245 to $388 over the last 12 months — and Tesla stock is currently closer to […]
Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai is scheduled to testify before Congress on Wednesday Google (NASDAQ:GOOG) CEO Sundar Pichai is scheduled to testify before Congress on Wednesday, December 5, to defend the search giant’s data collection and filtering practices. Pichai will appear before a committee of the US House of Representatives, where he will likely […]
Dow Jones Industrial Average (.DJI) China and the United States reached a temporary trade truce The ceasefire between the United States and China has set off a celebration on Wall Street. The Dow climbed 288 points, or 1.1%, on Monday. It was up 442 points earlier in the day. Investors were pleased that China and […]
NASDAQ Composite (.IXIC) US will leave tariffs on $200 billion of goods at 10% and not boost it to 25% Stocks rallied Monday as investors cheered the trade truce reached over the weekend between the US and China. Stocks closed at their highest level in about a month as the energy, technology and consumer discretionary […]
Alibaba Group Holding Limited (NYSE:BABA) should rebound now that the trade war is on pause China e-commerce giant Alibaba (NYSE:BABA) has dropped into bear market territory quite simply because it is China’s e-commerce giant. Trade war tensions with the U.S. have created economic uncertainty in China. That uncertainty is starting to show up in slower growth and […]
Twitter, Inc. (NYSE:TWTR) buying the dips Twitter shares have lost altitude. The social network has been in a tailspin since the summer, losing more than one-third of value after hitting 52-week highs in June. Twitter advanced more than 47 percent in 2017, its best year since going public in 2013. Even with its autumn lull, its […]
United States Oil (USO) expected to agree to reduce supply Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut. U.S. […]
Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance EUR/USD has managed to rally into the 76.4% retracement this morning, following on from a wider downturn from the 61.8% resistance at $1.1394. With a bearish, engulfing pattern looking likely from this resistance level, coupled with a wider bearish trend over recent months, another bearish period looks likely […]
Singapore: STI Index (.STI) manufacturing PMI contracts in November A Barometer of Singapore’s electronics manufacturing activity dipped into contractionary territory for the first time in more than two years in November, as US-China trade tensions and the peaking of the global semiconductor cycle weighed on sentiment. The latest electronics sector Purchasing Managers’ Index (PMI) extended […]
Shanghai: SSE Composite Index (.SSEC) 90-day trade war truce Stocks listed in mainland China and Hong Kong rose on Monday after Chinese president Xi Jinping and his US counterpart, Donald Trump, reached an agreement over the weekend to de-escalate the US-China trade war. On the mainland, the benchmark Shanghai Composite Index rose by 2.6 per […]
GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire Gold bears have still the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the October high of $1,252.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical […]
Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410 We have held the same view since last Thursday (29 Nov, spot at 0.7305) wherein the “the prospect of 0.7199 as a short-term bottom is quite high). We added, “confirmation of a short-term bottom is only upon a clear break above 0.7335/40”. AUD blast past […]
Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now We expected USD to “edge lower” since last Thursday (29 Nov, spot at 113.55) but it traded in a quiet manner and closed at about the same level on Thursday (113.47) and Friday (113.46). The mild downward momentum has eased and USD is still likely […]
SILVER 1 OZ 999 NY (XAG=X) agreement reached between the U.S. and China to a temporary halt Gold and silver prices are solidly up in early U.S. trading Monday, following the weekend agreement reached between the U.S. and China to a temporary halt their heretofore escalating trade war. Gold prices pushed to a three-week high […]