Truth Betrayed: WikiLeaks Founder Julian Assange to be Handed to Americans The truth will set you free, as long as it not the truth about the corrupt governments that run the world. Julian Assange has been instrumental in shining a light on the corruption of government, but he will now be handed to America’s lackey […]
ENX The Cryptocurrency Set to Take Over Hollywood ENX will use blockchain technology to create low-cost tokenized ticketing systems with compelling features. ENX is a movie, video and music streaming service and digital payments ecosystem—designed to solve the entertainment industry’s most fundamental problems. Movie theaters, television, and cable were all disrupted by the advent of […]
Alphabet Inc. (NASDAQ:GOOG) Goldman raises stock price forecast When Alphabet Inc. reports earnings Monday, the European Union’s $5.07 billion Android antitrust fine will ruin the company’s profit. Alphabet GOOGL, -1.14% GOOG, -0.75% stock was relatively flat Wednesday, when the fine formally was announced, and Google has said it plans to appeal the fine. However, the […]
Facebook, Inc. (NASDAQ:FB) For the Long Haul, Still a Buying Opportunity The Facebook Inc. (Nasdaq: FB) stock price is trading at all-time highs right now ($209.99 per share), but there’s still time to double your money on this tech juggernaut. A few years back – when Facebook was in the doghouse – I predicted it […]
Alibaba Group Holding Limited (NYSE:BABA) reached at $190.79 price level during last trade On Wednesday, Alibaba Group Holding Limited(NYSE:BABA) reached at $190.79 price level during last trade its distance from 20 days simple moving average is -0.70%, and its distance from 50 days simple moving average is -3.38% while it has a distance of 2.49% from the […]
NASDAQ Composite (.IXIC) Possible Correction to 7,600 Thursday’s session closes with the NASDAQ Composite Index at 7,825.30. The total shares traded for the NASDAQ was over 1.88 billion. Advancers stocks led declining by 1.17 to 1 ratio. There were 1618 advancers and 1387 decliners for the day. On the NASDAQ Stock Exchange 70 stocks reached […]
Tesla, Inc. (NASDAQ:TSLA) downgraded to Sell from Hold Spelunker Vernon Unsworth is considering legal action against Elon Musk after the Tesla CEO made the baseless claim that he was a pedophile. Unsworth had criticized Musk’s idea to use a submarine crafted out of a SpaceX rocket part to free the previously trapped boys’ soccer team […]
Dow Jones Industrial Average (.DJI) Declines more than 100 points after banks slide U.S. stocks were lower after the close on Thursday, as losses in the Telecoms, Basic Materials and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.53%, while the S&P 500 index declined 0.40%, and […]
Twitter, Inc. (NYSE:TWTR) Under Pressure After years of underperformance, Twitter Inc (NYSE: TWTR) stock finally delivered some major gains for investors in the first half of 2018. Unfortunately, Twitter’s rally may have already run out of steam. On Wednesday, Macquarie Research analyst Benjamin Schachter downgraded TWTR stock from “buy” to “neutral.” Schachter says Twitter has […]
Bitcoin: USD/BTC (BTC=X) Bears Have Finally Run Out of Steam There is a certain amount of supply in this area, so if we are going to turn around, it’s probably going to be between here and $8000 above. I think there is more than enough reason to believe that we could pull back, because we […]
UK FTSE All Share (.FTAS) Expected to Open a Little Unchanged The FTSE 100 index UKX, +0.10% rose 0.1% to close at 7,683.97, marking a third straight session in positive territory. Sterling GBPUSD, +0.0307% slumped to an intraday low of $1.2958, hitting its lowest dollar level since early September last year. A weaker pound can […]
Shanghai: SSE Composite Index (.SSEC) Extend Losing Streak The dollar retreated from a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell’s two-day testimony reinforced a strong economic outlook. The trade war fears between the United States and China kept the offshore yuan to 6.7650 per […]
Euro: USD/EUR (EUR=X) Downward Trend Having turned lower from $1.1740 earlier in the week, and then edging below the 13 July low yesterday, EUR/USD looks like it may well move below $1.16. This sustained bearish view then suggests a move back towards support around $1.15. A bullish view requires a move back above $1.1750. The […]
Singapore Dollar: USD/SGD (SGD=X) Target 1.36 Overall, the bias in prices is: Upwards. The projected upper bound is: 1.38. The projected lower bound is: 1.36. The projected closing price is: 1.37. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 6 white candles and […]
Japanese Yen: USD/JPY (JPY=X) Rally Revives Dollar bulls are taking charge of USD/JPY once again this morning, pushing the price back to the highs of the week. The USD/JPY made a bearish bounce after reaching the -27.2% Fibonacci target at 113.23 and price is now challenging the support trend line (green). A new bullish breakout could indicate […]
British Pound: USD/GBP (GBP=X) Struggling with Weak Data Data so far this week, particularly consumer price index (CPI) yesterday, has not done much to reinforce the idea that the Bank of England (BoE) will raise rates in August, impacting GBP/USD. The price is testing the area around $1.3020, the lows of yesterday’s session. Below this, […]
Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight Bids in the dollar sees the pair surrender its gains from the employment report. It was a short-lived run for buyers as the upbeat Aussie employment report saw price jump to a high of 0.7441 but ultimately failed to move any higher with the 23.6 […]
Singapore: STI Index (.STI) Extends Gains The Stock Exchange of Thailand closed at a one-month high, while Singapore shares marked its highest close in over three weeks on Thursday. A robust effort from United States markets overnight helped local shares bounce back from Wednesday’s flat finish to end higher yesterday. The Straits Times Index advanced […]
Australia: S&P/ASX 200 (.AXJO) Set to Open Lower The Australian sharemarket extended yesterday’s gains in early trade but failed to capitalise on solid jobs data as the dollar and bond yields rallied. The S&P-ASX 200 index was up 0.4 per cent in morning trade after the US s&P 500 index rose 0.2 per cent last […]
GOLD 1 OZ (XAU=X) Offer a Mixed Picture Gold moved on a flat note on Thursday, feeling the pinch of muted demand from jewellers, retailers and industries. MCX Gold futures were up marginally 0.05 per cent at Rs 29,780 per 10 grams. In the international market, gold prices sank to a one-year low. Spot gold […]
SILVER 1 OZ 999 NY (XAG=X) Massive Short Positions in Silver Silver markets broke down a bit during the day again on Thursday, breaking below the $15.50 level. This is a very negative turn of events, but we are still in a major “support zone” longer term. Because of this, I think that we are […]
Hong Kong: HANG SENG INDEX (.HSI) shares drop, led by airlines China Southern Airlines and other carriers tumbled as the yuan slid to the lowest level in 12 months after the central bank lowered the reference rate amid the intensifying trade spat with the US. The Chinese currency fell as much as 0.5 per cent […]
The NYSE Bitcoin Index (.NYXBT) Surged by 10 per cent in Less than an Hour The U.S. Patent and Trademark Office officially granted MasterCard a patent for a method of increasing the speed of cryptocurrency transactions. The price of bitcoin surged by 10 per cent in less than an hour on Tuesday, pushing the cryptocurrency’s value above […]
Twitter, Inc. (NYSE:TWTR) Big Improvements are ‘Already Priced In’ Twitter has quietly been one of the best performing US stocks this year. It’s up more than 80% this year, but has flown under the radar because of the big gains from tech giants Netflix and Amazon. Macquarie Research lowered its rating on shares of Twitter […]
Facebook, Inc. (NASDAQ:FB) Trading at All-Time Highs After the giving short look at one day return of Facebook, Inc. it is observed that FB reported positive return of 1.33% in last trading session. It is a positive indicator for investor portfolio value — when the price of a stock Investor owns goes up in value. […]
Dow Jones Industrial Average (.DJI) Target 30,000 is a Real Milestone U.S. stocks were poised for a day of mild losses on Thursday, with the Dow industrials on track to pull back from a five-day rally driven partly by optimism over the U.S. economy. Traders appeared to be pausing for breath as they looked ahead […]
Alibaba Group Holding Limited (NYSE:BABA) Investing in Focus Media Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that operates outdoor digital advertising screens across China, Singapore and Hong Kong, according to a U.S. filing. […]
Alphabet Inc. (NASDAQ:GOOG) Up Despite €4.3 Billion EU Fine Google parent Alphabet (GOOG – Get Report) , (GOOGL – Get Report) rose slightly in midday trading Wednesday following news of a record $5 billion European Union fine against the company for manipulating Android mobile devices to give the Google search engine an advantage over rivals. […]
Tesla, Inc. (NASDAQ:TSLA) Keep Those Seatbelts Fastened Between 2010 and 2018, Tesla’s smart money, institutional investors and corporate investors, have easily doubled their Tesla returns unlike an average Tesla buy-and-hold investor. Many active Tesla stockholders such as hedge fund managers and short sellers did not make more money than an average Tesla investor. Presumably, Tesla […]
Dr Peter Bablis and Integrative Medicine In 2014 Dr Peter Bablis completed a PhD in Mind-Body Medicine publishing evidence and confirmation that emotions can be responsible for chronic lower back pain. This was his fifteenth medical publication. www.researchgate.net/profile/Peter_Bablis Dr Bablis is a unique practitioner with ongoing publications in evidence-based medical research; having a PhD, degrees […]
Japanese Yen: USD/JPY (JPY=X) Target 115.65 An increase in Japan’s appetite for risk assets overseas is having an outsized impact closer to home – on the traditional safe haven status of the yen. Accelerating demand for foreign equities by Japanese investors is one factor behind the unexpected slide in the nation’s currency, down more than […]
Hong Kong: HANG SENG INDEX (.HSI) Shares Down Slightly Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, to 10,578.46 points. Overall, the bias in prices is: Downwards. Note: this chart shows […]
GOLD 1 OZ (XAU=X) Support at $1204 GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data. Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar […]
SILVER 1 OZ 999 NY (XAG=X) Support at $15.00 Silver markets broke down significantly during the trading session on Tuesday, as the US dollar strengthened. This was most certainly a negative tone type of session, and of course Silver took quite a bit of selling pressure. However, I think at this point if you are patient […]
Singapore: STI Index (.STI) Slightly Extends Gains Regulators in Singapore are looking to ramp up targeted measures against financial crime, including tapping data analytics and boosting information sharing with financial institutions, said an official from the Monetary Authority of Singapore (MAS) on Wednesday morning. The Cyber Security Agency of Singapore (CSA) and the Financial Services […]
Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade The Australian Dollar reversed earlier losses during noon trading Wednesday and marched higher ahead of the June employment report, which traders will watch closely for clues about the condition of Australia’s labour market. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 49.30 […]
Australia: S&P/ASX 200 (.AXJO) Miners lead ASX Higher The Australian sharemarket rebounded from two days in the red, following a strong session for mining giant BHP Billiton. The best performing stock in the S&P/ASX 200 is Saracen Mineral Holdings Limited (ASX:SAR), rising 7.32 per cent higher to $2.20, followed by shares in Technology One Limited […]
CoinBene Lists Internet of People Cryptocurrency CoinBene, a global exchange that ranks among the 10 largest in the world, according to the CoinMarketCap, remains with its strategy of offering the largest number of digital assets to its customers and announces its listing on Internet of People (IoP). IoP was released to be more than a […]
Twitter and Bloomberg Take on Stocktwits Bloomberg announced today the expansion of its relationship with Twitter, launching a real-time feed of curated Twitter data, so that enterprise clients can incorporate the most financially relevant content into their trading algorithms. Built on the back of Bloomberg’s robust Natural Language Processing techniques and available through the company’s […]
Dow Jones Industrial Average (.DJI) No News is Good News Wall Street has risen as Federal Reserve chairman Jerome Powell’s optimistic view on the US economy and solid earnings from Dow component Johnson & Johnson lifted expectations of a robust second-quarter earnings season. Powell, discounting the risk that a trade war may throw a global […]
Alibaba Group Holding Limited (NYSE:BABA) This dip is a buying opportunity In mid-June, Alibaba (NYSE:BABA) was making new all-time highs above $210 as investors were focused on the company’s hyper-growth prospects through the booming Southeast Asian consumer markets. But then escalating trade tensions stung the stock. Investors stopped focusing on big growth in under-penetrated Southeast […]
Facebook, Inc. (NASDAQ:FB) Bullish Momentum To Continue Shares of Facebook Inc. (FB) (Facebook Inc 209.99 +1.33%) are up nearly tenfold over the past five years, easily outpacing the S&P 500 return of just 66 percent. Facebook, Inc. has a consensus outperform rating from 45 Wall Street analysts, and the number of shares currently sold short […]
Twitter, Inc. (NYSE:TWTR) Have Skyrocketed 135% Over the Last Year Shares of Twitter have skyrocketed 135% over the last year, which crushes the S&P 500’s 15.3% climb and also tops Amazon’s (NASDAQ:AMZN) 76%. This climb includes a nearly 50% surge over the last three months on the back of its impressive first quarter. The recent […]
Alphabet Inc. (NASDAQ:GOOG) Record-Busting Fine Looms Google will learn if it faces a record fine over its Android operating system in the coming hours. The European Commission has claimed the US tech giant’s mobile device strategy unfairly strengthened its dominance of search. The regulator can fine the firm up to 10% of its annual revenue […]
NASDAQ Composite (.IXIC) Sets Record Tech traders who spent the last few days worrying about what Netflix Inc.’s earnings would hold should’ve been thinking about something else: Jay Powell’s congressional testimony. After starting the day in the red after Netflix bombed on subscriber growth, the Nasdaq Composite Index rebounded before noon and closed at a record, along […]
Bitcoin: USD/BTC (BTC=X) Breakout! Or is it? It certainly has been a positive week for the crypto market. On Wednesday the market has continued to push higher as traders return to cryptocurrencies in their droves. The technical analysis had clearly stated that the King of Crypto had been oversold and bound for a rebound in […]
Tesla, Inc. (NASDAQ:TSLA) No more drama, please Despite a massive backlog of Model 3 reservations, Tesla is having trouble finding customers for the premium Model 3 variants that it can actually build profitably. Tesla (NASDAQ:TSLA) finally seems to be fixing its early production hiccups for the highly anticipated Model 3 sedan. The electric-car pioneer produced […]
Hillary Clinton Linked to $1.5b Money Laundering Scheme Putin has evidence of some $400 million in illegally earned profits was funneled to the Clinton campaign by associates of American-born British financier Bill Browder Russia’s prosecutor general will demand interviews with American congressmen, security services staff, and other high-profile individuals as it seeks to involve the […]
Hong Kong Horse Racing Planning a Big 2018/19 Hong Kong will stage its 2018/19 season opener at Sha Tin Racecourse on Sunday, 2 September, the first of 88 fixtures worth a record total of HK$1.22 billion. The season will consist of 47 day meetings and 41 night fixtures at Hong Kong’s two iconic tracks, Happy […]
Trump Remains Committed to North Korea U.S. President Donald Trump said Tuesday that there is “no time limit” on dismantling North Korea’s nuclear weapons program, appearing to take a step back from earlier demands for immediate denuclearization. Trump’s remarks came a month after his historic summit with Kim Jong-un, during which the North Korean leader […]
Dr Peter Bablis Takes Health and Wellness to a New Level Dr Bablis is a unique practitioner with ongoing publications in evidence-based medical research; having a PhD, degrees in Science, Chiropractic, Sports Medicine and Acupuncture, also diplomas in Naturopathy, Clinical Nutrition, Iridology, Medical Herbalism and Homeopathy, Dr Bablis continues with his auxiliary studies. Dr Peter […]
The Kosciuszko – The world’s richest country race The Honourable Paul Toole MP, Minister for Lands and Forestry, and Minister for Racing today announced the world’s richest country race will now be held on Everest Day at Royal Randwick, with a new $1.3 million race – The Kosciuszko. The race will be restricted to only […]
NSW Racing More Attractive than Ever Prizemoney Increases to Drive NSW Racing Forward Racing NSW has consulted widely on its new Strategic Plan and given careful consideration to the matters raised by industry participants. Accordingly, the integral objectives of the plan are defraying the costs of owners, enabling trainers to improve their cash flow and […]
Japanese Yen: USD/JPY (JPY=X) Appreciation is Risk The market’s value orientation is a challenge without a clear growth catalyst. Yen appreciation is another risk. Positives include shareholder-friendly corporate behavior, solid company earnings and support from Bank of Japan stock buying. The dollar rose to 112.41 yen from 112.30 yen late Monday. After Mon.’s balance on […]
Singapore: STI Index (.STI) A key focus now: how firms are weathering trade disputes The Straits Times Index (STI) ended 6.85 points or 0.21% higher at 3239.64, taking the year-to-date performance to -4.80%. The top active stocks today were DBS, which gained 0.54%, Venture, which gained 3.53%, OCBC Bank, which declined 0.18%, UOB, which declined […]
GOLD 1 OZ (XAU=X) Prices Declining Gold has posted sharp losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1231.77, down 0.20% on the day. On the release front, Industrial Production rebounded in June with a gain of 0.6%, after a decline of 0.1% in May. […]
Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]
British Pound: USD/GBP (GBP=X) Expect the Pound to be Volatile The UK’s Brexit proposal would see the country effectively retaining full access to the EU single market for goods but losing access for services. It is closer to a “soft Brexit” than many had anticipated, angering some in the pro-Brexit camp. The proposal reflects the […]
Euro: USD/EUR (EUR=X) Currency-Hedged Positions Attractive for U.S.-dollar Investor The ECB’s negative interest rate policy has made yields unattractive and vulnerable to the improving growth outlook. We expect core eurozone yields to rise. We are cautious on peripherals given tight valuations, political risks in Italy and the upcoming end to the ECB’s net asset purchases. […]
Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are poised to open higher, bolstered by gains on Wall Street and in Europe. ASX futures up 18 points.. The Australian dollar slips. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.61% to 6,203.60 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower […]
Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks The economic backdrop is encouraging, with near-term resilience in China and solid corporate earnings. We like selected Southeast Asian markets but recognize a worse-than-expected Chinese slowdown or disruptions in global trade would pose risks to the entire region. Stable fundamentals, cheapening valuations […]
SILVER 1 OZ 999 NY (XAG=X) Hits 12 Month Low The silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the July high of $16.26 an ounce. The next downside price breakout objective for the bears is closing prices below […]
CNN the mouthpiece of America’s Deep State is working overtime to distract the public from what was uncovered by whomever hacked DNC emails. Crimes, big obvious indefensible crimes committed by Hillary and her cohorts including CNN staff. By Kelly Riddell, WASHINGTON TIMES The ongoing WikiLeaks dump of Hillary Clinton’s campaign chairman John Podesta’s emails has […]
What Should Investors do with Twitter, Inc. (NYSE:TWTR) Stock? Unmatched earnings momentum, corporate tax cuts and fiscal stimulus underpin our positive view. We like momentum. We prefer quality over value amid steady global growth but rising uncertainty around the outlook. Financials and technology are our favored sectors. Nearly one fifth of the S&P 500 market […]
The NYSE Bitcoin Index (.NYXBT) back into the green today Bitcoin continued to edge higher on Tuesday, extending gains made on the previous day on news that asset-management giant BlackRock has set up a working group to look into cryptocurrencies and blockchain, the technology that underpins them. The market jumped into the green this morning after suffering a worried […]
Tesla, Inc. (NYSE:TSLA) Musk “can stick his submarine where it hurts Musk taught himself computer programming at the age of 12. He moved to Canada when he was 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received an economics degree from the Wharton School and a […]
Facebook, Inc. (NASDAQ:FB) Investing Heavily in Technology to Remove the Bad Stuff Before It’s Even Reported There are two ways to get bad content, like terrorist videos, hate speech, porn or violence off Facebook: take it down when someone flags it, or proactively find it using technology. Both are important. But advances in technology, including […]
Alphabet Inc. (NASDAQ:GOOG) Google Assistant is growing up One of the most important things we learn as children is how to communicate with each other. We start with “goo goos and gaa gaas,” then on to baby sign language, a few simple words like “momma,” and our conversations get more complex from there. For the […]
Dr Peter Bablis and The Limbic Diet Dr Peter Bablis shares his thoughts on the Limbic Diet. To learn more about Dr Pete’s Limbic diet, click here The purpose of this Protocol is to highlight that there is more to dieting than what we eat and what exercise we do. Firstly, Emotion is the one […]
CNN have blasted President Donald Trump for not properly confronting Russian President Vladimir Putin at the Helsinki summit. The sight of US President Donald Trump and Russian President Vladimir Putin not attacking each other at the press conference following their summit in Helsinki sent mainstream US media into a spiral of rage. “You have been […]
Netflix shares plunged Monday after the leading streaming television service said subscriber growth fell short of expectations in the recently ended quarter. Membership in the quarter grew 5.2 million to a total of 130 million, matching the same period last year but a million shy of what Netflix had forecast, according to a letter released […]
Tesla is Imploding as CEO has Tantrum $TSLA Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue. Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.82 on news that Musk could […]
Bitcoin: USD/BTC (BTC=X) bullish momentum resting $6,630 Overall, the bias in prices is: Downwards. The projected upper bound is: 7,313.05. The projected lower bound is: 6,012.94. The projected closing price is: 6,663.00. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 white candles […]
United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]
UK FTSE All Share (.FTAS) IMF cuts UK growth forecasts The FTSE 100 closed 61.42 points down to 7,600.45, after opening flat, dragged lower by energy and mining companies after a slide in the price of oil and metals. BP and Royal Dutch Shell both fell by about 2 per cent after the price of Brent Crude […]
Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves The Canadian dollar inched higher overnight. It may be a busy week, but the Canadian dollar’s direction will be governed by broad U.S. dollar moves, at least until the end of the week. On Friday, Canada Retail Sales and Consumer Price Index […]
Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]
Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data Chinese mainland stocks started the week on a soft note, after data showed the country’s economy expanded at a slower pace in the second quarter, while the heated trade war with the US threatened to knock exports. The blue-chip CSI300 index dropped 0.59 percent […]
British Pound: USD/GBP (GBP=X) mixed outlook The broader outlook for GBP/USD remains tilted to the downside especially as the Relative Strength Index (RSI) continues to track the bearish formation from earlier this year, but the exchange rate stands at risk of facing range-bound conditions as it snaps the series of lower highs & lows from […]
Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction The USD/JPY pair is having a difficult time setting its next short-term direction on Monday amid a subdued trading action surrounding the FX markets. After advancing to mid-112 during the first half of the day, the USD/JPY pair lacked a follow-through as this move […]
Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes Overall, the bias in prices is: Downwards. The projected upper bound is: 0.75. The projected lower bound is: 0.73. The projected closing price is: 0.74. Candlesticks A black body occurred (because prices closed lower than […]
Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy Asian currencies were a mixed bag at the start of the new week, with KRW (-0.50%) leading the losses given a bleak economic outlook and risks from the global trade war underscored by officials. INR (-0.21%) was down due to the surge in its […]
Singapore: STI Index (.STI) higher in back-to-back trading days The Singapore stock market has moved higher in back-to-back trading days, gathering more than 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,260-point plateau and it’s expected to open in the green again on Monday. The global […]
SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Both markets are hovering near their 12-month lows set last week. Scant risk aversion in the marketplace the past several weeks has most traders and investors avoiding the safe-haven metals. […]
GOLD 1 OZ (XAU=X) hovering near their 12-month lows Technically, the gold bears have the solid overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,266.90. Bears’ […]
Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges Australia stocks were lower after the close on Monday, as losses in the Gold, Healthcare and A-REITs sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.45%. The best performers of the session on the S&P/ASX 200 were G8 Education Ltd […]
Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data Investors seek for clues from quarterly economic indicators of the initial economic impact from trade war and ongoing financial deleveraging In Hong Kong, the Hang Seng Index added 0.1 per cent, or 14.22 points, to 28,539.66. The Hang Seng China Enterprises Index, […]
China Horse Racing: HKJC’s Conghua Training Centre A momentous new era in Hong Kong racing began with the arrival of the first in-training horses at Conghua Training Centre (CTC) on the Chinese Mainland, marking the integration of CTC into the Hong Kong training system. The shipment of 21 horses – seven each from the Dennis […]
Ryan Moore achieved a first success in the Darley July Cup as he guided U S Navy Flag to an impressive all-the-way victory. U S Navy Flag is now set to be The Everest’s first international runner as he flies the flag for Coolmore in Australia’s richest race. Coolmore Australia boss Tom Magnier said U […]
Tesla, Inc. (NASDAQ:TSLA) Production Hell Continue To Trickle Out Tesla Inc (NASDAQ:TSLA) originally planned to produce 200,000 Model 3 sedans by the end of 2017. When the year ended, it had only made 2,700 of them. Instead of producing a futuristic army of fast-working robots to assemble the electric cars, Tesla has relied heavily on […]
Life After Google (NASDAQ:GOOG) The hardest part of investing is knowing when to sell a stock. When you do buy one, always have an exit strategy—not for right away, this quarter, this year or even the next few years. But constantly question how soon the seeds of destruction will bloom at your company. I guarantee […]
Twitter, Inc. (NYSE:TWTR) could see more gains ahead Checking in on some valuation rankings, Twitter, Inc. (NYSE:TWTR) has a Value Composite score of 74. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to […]
NASDAQ Composite (.IXIC) extraordinary price action to the upside Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 8,009.25. The projected lower bound is: 7,671.71. The projected closing price is: 7,840.48. Candlesticks A black body occurred (because prices closed lower than they […]
The NYSE Bitcoin Index (.NYXBT) Market Rebounds With the boom in cryptocurrencies, millions of people are buying and selling virtual coins every day. Some of this activity occurs off-line, with people handing each other spending rights to the coins, but most of it happens through the online exchanges. These companies attract millions of dollars and […]
World’s Biggest Oil (USO) Traders are Counting Hefty Losses The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol , Gunvor […]
Facebook, Inc. (NASDAQ:FB) Valuations Are Baffling You’re about to read about technology stocks, but don’t expect to see a mention of the “B” word (for “bubble”). Some smart analysts recently urged calm about the eye-popping stock market values of a handful of U.S. technology superstars, including Apple Inc. and Amazon.com Inc. The gist is that […]
Alibaba Group Holding Limited (NYSE:BABA) Target $200 Overall, the bias in prices is: Downwards. The projected upper bound is: 200.14. The projected lower bound is: 180.29. The projected closing price is: 190.21. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 2 white candles […]
Dow Jones Industrial Average (.DJI) Looking Good Heading Into Earnings Season The upside price moves recently in the US Equities markets have been dramatic. While many people believe the US Equity markets are overvalued and setting up for a top, we believe just the opposite – that the US Equity market and strong US Dollar […]
2017/18 Racing Season in Hong Kong was Exceptional World class sport and incredible global growth underpinned a memorable 2017/18 racing season in Hong Kong, which concluded today, Sunday, 15 July, with overall turnover of HK$124.2 billion, representing a 5.8% increase on the previous season. A crowd of 31,903 turned out at Sha Tin for this […]
Trade War: It’s Still Boom Time in China China’s gross domestic product expanded 6.8 percent year on year in the first half of 2018 to about 41.90 trillion yuan (6.27 trillion U.S. dollars), data from the National Bureau of Statistics (NBS) showed Monday. In the second quarter, China’s GDP rose 6.7 percent year on year, […]