Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]
SILVER 1 OZ 999 NY (XAG=X) rates slump In global markets, spot gold prices were down at $1,219.7 per ounce. Gold prices were under pressure after US Federal Reserve signaled that it will continue to raise interest rates. At the conclusion of its two-day meeting on Thursday the Fed kept its rate unchanged but indicated […]
Australia: S&P/ASX 200 (.AXJO) poised to start the week lower Australian shares are poised to start the week lower, dragged down by a tech rout on Wall Street. Base metals also retreated and oil extended its rout. ASX futures were 37 points lower. Shares on Wall Street fell to end their week, with the S&P […]
Euro: USD/EUR (EUR=X) could give way to next target at 1.1205 The EUR/USD pair keeps knocking at the door of the circa 1.1300 hard floor, and the risks are building that it could finally break below it in the week ahead. The pair touched and bounced off the floor in October and after recovering to […]
Hong Kong: HANG SENG INDEX (.HSI) Chinese regulator announced that it was setting lending targets for banks Chinese equities had set the tone for risk appetite earlier in the day, with the CSI300 down -1.4% and the Hang Seng down -2.4%. The Chinese regulator announced that it was setting lending targets for banks to private […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy The Dollar/Yen rose last week as buyers returned to the stock market, dampening the attraction of the Japanese Yen as a safe-haven asset. However, the biggest influence on the Forex pair was the diverging monetary policies of […]
British Pound: USD/GBP (GBP=X) UK gross domestic product proved positive The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to hold onto gains made in the wake of the US midterm elections on Friday. Although the headline third quarter UK gross domestic product proved positive this was not enough to shore up Pound Sterling. […]
Shanghai: SSE Composite Index (.SSEC) hinting at further weakness In Asia, Japan’s Nikkei 225 Index has added 1,100 points since Oct. 29, rising 5.2%. Some analysts have attributed the Nikkei 225 Index’s recent gains to a weakening yen. Analysts at JPMorgan Chase (NYSE:JPM) said that the Index could easily rocket to reach 28,000 points if […]
GOLD 1 OZ (XAU=X) headed lower into at least late-November Last week’s action saw gold forming its high in Wednesday’s session, here doing so with the tag of the 1238.40 figure. From there, a sharp decline was seen into Friday, with the metal dropping all the way down to a low of 1207.20 – also […]
Singapore: STI Index (.STI) slowdown as tech stocks plunged It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged. Just like that, the region’s equity benchmark erased weekly gains and posted its sixth slide in seven […]
Apple Inc. (NASDAQ:AAPL) Targt $226 Apple’s (AAPL) services business is “taking the growth baton from iPhone,” Morgan Stanley said Thursday. The investment bank raised its price target on Apple stock after studying the growth potential for the company’s broad services business. Morgan Stanley analyst Katy Huberty reiterated her overweight rating on Apple stock and upped […]
Dow Jones Industrial Average (.DJI) key interest rate unchanged The Fed surprised no one by leaving its key interest rate unchanged on Thursday. Today’s status-quo Fed meeting should have had few implications for the Dow Jones industrial average and S&P 500, with no press conference and no new economic projections. But the lack of any […]
Alibaba Group Holding Limited (NYSE:BABA) ridiculously huge shopping festival On Sunday (Nov. 11), Alibaba will mark the 10th edition of Singles’ Day, a one-day shopping event so big it eclipses both Black Friday and Cyber Monday, and leaves Amazon’s Prime Day trailing in the dust. The story of how the shopping festival, also known as […]
Twitter, Inc. (NYSE:TWTR) Target $41 Aegis Capital rated the Twitter, Inc. (NYSE:TWTR)’s stock as a Buy in a research note published on Monday, October 29th, 2018 and posted a $41 price target on the common stock of Twitter, Inc. (NYSE:TWTR). Other Wall Street experts have also recently posted reports on these shares. Oppenheimer gave the stock an […]
Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440 Yesterday, we saw a nice upward move above the $6,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair traded as high as $6,553 and settled above the 100 hourly simple moving average. Later, the price started a downside […]
Alphabet Inc. (NASDAQ:GOOG) revamped its sexual harassment policies in the wake of employee protests Google CEO Sundar Pichai sent a memo to employees Thursday detailing changes to its sexual harassment and misconduct policies in the wake of massive protests last week. More than 20,000 Google employees walked out of their offices Thursday following a bombshell […]
Tesla, Inc. (NASDAQ:TSLA) Robyn Denholm newly appointed chairwoman Tesla shares rose after Macquarie estimated the electric automaker may qualify to join the benchmark S&P 500 index as early as the second quarter of 2019. “TSLA checks off all the boxes for inclusion except aggregate GAAP profitability over trailing 12 months; we forecast this box to […]
United States Oil (USO) signs of deteriorating demand and rising output U.S. oil prices dropped for a ninth consecutive session on Thursday, falling into a bear market, on further signs of growing supply even as data showed record Chinese oil imports. Crude prices have plunged over the last five weeks, buffeted by October’s broader market […]
NASDAQ Composite (.IXIC) economic outlook “appear roughly balanced” In a statement that was largely intact from its September meeting, the Fed said, “The Committee expects further gradual increases in the target range for the federal funds rate.” It also said the risks to the economic outlook “appear roughly balanced” and noted that inflation remains near […]
Facebook, Inc. (NASDAQ:FB) “Buy” Rating Facebook (NASDAQ:FB)‘s stock had its “buy” rating reissued by research analysts at Macquarie in a research note issued to investors on Monday, October 29th. They presently have a $190.00 price objective on the social networking company’s stock. Macquarie’s price target would indicate a potential upside of 24.60% from the stock’s […]
Japanese Yen: USD/JPY (JPY=X) gains continue The uptrend from the lows of last week continues, with the price of the USD/JPY clocking up a higher high in the process on the hourly chart. The next target is now ¥114.50, the highs from early October. Dips towards ¥113.00 may well find buyers. Overall, the bias in prices is: […]
SILVER 1 OZ 999 NY (XAG=X) no change in U.S. monetary policy Gold and silver prices are just modestly lower in early-afternoon U.S. trading Thursday. A rebound in the U.S. dollar index today, following selling pressure this week, worked against the precious metals market bulls. The metals markets showed no significant reactions to the just-released […]
GOLD 1 OZ (XAU=X) interest-rate decision from the US Federal Reserve today Gold drifted lower for the fourth session running on Thursday, touching 1-week lows at $1222 per ounce in London ahead of today’s interest-rate decision from the US Federal Reserve – widely expected to leave policy unchanged. The Dollar itself eased back on the […]
Hong Kong: HANG SENG INDEX (.HSI) China’s big three telecoms firms rose on new network deals Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China’s big three telecoms firms rose on new network deals. The Hang Seng index […]
Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance Australian futures are lower as investors await the RBA for guidance on the outlook for rates. ASX futures were down 14 points at 5.40am AEDT. The US Federal Reserve released its latest statement at 6am AEDT. At the end of a two-day gathering, the Fed held interest […]
Singapore: STI Index (.STI) boosted risk appetite Singapore and Malaysia shares rose Thursday along with most Asian markets as Wall Street gained following conclusion of U.S. midterm elections that erased political uncertainty and boosted risk appetite. The Straits Times Index ended 0.9% higher at 3093.24. Jardine Cycle & Carriage rose 3.7% in Singapore to extend […]
UK FTSE 100 (.FTSE) pushing higher after wedge pattern The FTSE 100 is pushing upwards in the wake of a bullish wedge breakout seen yesterday. Upside for global markets in the wake of the US midterm elections has provided European stocks with a bullish impetus, reversing the declines seen throughout the first half of the week. This […]
Euro: USD/EUR (EUR=X) rallies through resistance The EUR/USD pair mounted an impressive bounce above trendline resistance, and while it then retraced to the line, it posted a classic bounce. Dip buyers came in around $1.14, suggesting that we have seen a bullish move develop. Further gains target $1.15 and then $1.1554. Higher lows have been put in […]
Shanghai: SSE Composite Index (.SSEC) data shows surprisingly strong exports China stocks posted modest gains on Thursday morning, rebounding from three days of losses, as new data showed surprisingly strong exports and imports in October. At the midday break, the Shanghai Composite index was up 16.08 points or 0.61 per cent at 2,657.42. China’s blue-chip […]
Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP The AUD/USD is trading just below the major level at 0.7300, after a sharp run-up from where we’ve been recently. We traded nearly at the 0.7000 level, but since that point, the buyers have come thick and fast. The channel that we have been in […]
British Pound: USD/GBP (GBP=X) finds further strength Brexit optimism and a weaker dollar continues to support the GBP/USD. An early dip to $1.31 found buyers, and further gains target yesterday’s highs around $1.3175. So far dips have been bought, so a move back below $1.305 is needed to reverse the broadly bullish outlook. Overall, the bias […]
SILVER 1 OZ 999 NY (XAG=X) solid technical resistance at $15.00 Gold and silver prices are moderately higher in early U.S. trading Tuesday, boosted by a sharp drop in the U.S. dollar index today. December gold futures were last up $7.10 an ounce at $1,233.40. December Comex silver was last up $0.175 at $14.675 an […]
Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness EUR/USD has been pushing higher, in a continuation of the strength seen throughout November thus far. With the price rising through the 50% retracement, there is a strong chance we will see the pair continue to gain ground over the near term. A break through the $1.1622 mark […]
Singapore: STI Index (.STI) Shares edge higher Singapore stocks ended slightly higher on Wednesday, with the Straits Times Index rising 4.74 points or 0.2 per cent to 3,065.36. Gainers outnumbered losers 234 to 173, after about 1.57 billion shares worth S$1.17 billion in total changed hands. The most actively traded counters were Rex International, which gained 2.5 […]
GOLD 1 OZ (XAU=X) solid technical support at $1,200.00 Technically, gold bulls and bears are on a level overall near-term technical playing field. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the October high of $1,246.00. Bears’ next near-term downside price breakout objective is pushing prices […]
Australian Dollar: USD/AUD (AUD=X) continues to regain ground AUD/USD has turned higher once more, despite the initial respect of the 76.4% Fibonacci resistance. The long-term downtrend remains intact unless we see a break through the $0.7315 swing high. However, with the price having broken through both trendline and now Fibonacci resistance, we are increasingly seeing a wider […]
British Pound: USD/GBP (GBP=X) pushes past Fibonacci resistance GBP/USD has managed to regain a significant amount of ground, with the combination of a more hawkish Bank of England (BoE) outlook coupled with a post-midterm election decline in the dollar helping push the pair past the 76.4% retracement. That raises the chance of a wider bullish breakout above […]
Shanghai: SSE Composite Index (.SSEC) weak earnings and an uncertain economic outlook outweighing government pledges China stocks ended a volatile session lower, with weak earnings and an uncertain economic outlook outweighing government pledges of support for wavering markets. At the close, the Shanghai Composite Index was 0.7 percent lower at 2,641.34 points. The blue-chip CSI300 […]
Hong Kong: HANG SENG INDEX (.HSI) Asian markets mixed The East is red again. Chinese stocks have been hammered amid worries about slowing economic growth and an escalating trade dispute with the United States. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index are respectively down 20 per cent and 13 per cent this […]
Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse’s head above water. The benchmark S&P/ASX200 index was up 7.1 points to 5882.3 at 1030 AEDT on […]
Japanese Yen: USD/JPY (JPY=X) sharp retreat Intraday bias in USD/JPY is turned neutral with today’s sharp retreat. On the upside, above 113.81 will extend the rebound from 113.37 to 114.54 resistance. We’d be cautious on strong resistance from there to limit upside to bring another fall. On the downside, break of 112.56 minor support will […]
Twitter, Inc. (NYSE:TWTR) Lead Over its Technicals Twitter, Inc. by far traveled 76.64% versus a 1-year low price of $19.26. The share price was last seen -0.82% lower, reaching at $34.02 on Nov. 05, 2018. At recent session, the prices were hovering between $33.37 and $34.28. This company shares are 1.26% off its target price […]
Alphabet Inc. (NASDAQ:GOOG) concerns over earnings and sexual harassment allegations Shares of Alphabet Inc. (NASDAQ:GOOGL), a technology company and parent company of Google, are down more than 3% since the start of November and over 1.47% to start the week. The technology giant is facing a negative response to mixed earnings and a dip in […]
Dow Jones Industrial Average (.DJI) investors turn attention to midterm election returns U.S. stocks rallied into the close Tuesday, as traders awaited the results of midterm elections that could set the political tone on Wall Street for at least the next two years. How are the benchmarks performing? The Dow Jones Industrial Average DJIA, +0.68% […]
United States Oil (USO) expectations for weaker-than-anticipated global economic growth Oil prices fell on Tuesday, briefly entering a bear market, after the United States took measures to allow some of Iran’s biggest customers to continue importing its oil without violating U.S. sanctions against the Islamic Republic. The sanctions waivers have further eased concerns that the […]
Facebook, Inc. (NASDAQ:FB) financials suggest that investors have overreacted After a whopping one-day 22% loss amid a downward revised Q3 revenue guidance in Q2 earnings release (ER), shares of Facebook (FB) proceeded to lose another 15% in the subsequent three months (Figure 1). At the first approximation, the immediate 22% loss seemed excessive given the […]
Tesla, Inc. (NASDAQ:TSLA) the future of sustainable transport and energy generation Electric vehicles reduce the emissions that contribute to climate change. In October, the United Nation’s Intergovernmental Panel on Climate Change released a report saying that limiting global warming “would require rapid, far-reaching and unprecedented changes in all aspects of society.” According to Musk, without […]
Alibaba Group Holding Limited (NYSE:BABA) plans to help global businesses sell $200 billion in goods E-commerce giant Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years. A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and […]
Bitcoin: USD/BTC (BTC=X) major bullish trend line in place Yesterday, bitcoin price started a downside correction after trading as high as $6,472 against the US Dollar. The BTC/USD pair declined below the $6,440 and $6,420 support levels. It also broke the 50% Fib retracement level of the last leg from the $6,319 low to $6,472 […]
UK FTSE 100 (.FTSE) turning lower after recent rebound The FTSE 100 is showing signs of a potential bearish shift, with a break below Friday’s low of 7072 providing a strong possibility of a pullback from here. Given the fact that the rebound from late October came from the crucial historical level of 6841, there is a […]
Shanghai: SSE Composite Index (.SSEC) U.S.-Sino standoff has proven a distraction Expectations around a trade deal between China and the U.S. are on the rise, but fixing that strained relationship won’t be enough to solve China’s growth conundrum or address the problem of rising funding costs for emerging-market economies, one analyst says. President Donald Trump […]
Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold The Australian sharemarket steadily climbed on volume well-below average as the Reserve Bank left interest rates on hold and retained its upbeat growth outlook. Following gains of 0.7 per cent on Wall Street last night, the S&P-ASX climbed 57.1 points, or 0.98 per cent, […]
Singapore: STI Index (.STI) mixed after a muted US session ahead of midterm elections Share prices were mixed in Europe and Asia on Tuesday as cautious world investors awaited the outcome of the US midterm elections. The Shanghai Composite index slipped 0.2 per cent to 2,659.36 and Hong Kong’s Hang Seng bounced back, gaining 0.7 […]
Euro: USD/EUR (EUR=X) sees upward momentum falter The price of EUR/USD has rallied from the lows of last week, but has failed to push higher. As a result, we may see bearish momentum develop without a close above $1.1450. Further declines target the $1.13 level of support, which held in August and October. Below this the $1.1118 […]
Japanese Yen: USD/JPY (JPY=X) challenges recent resistance The 31 October high at ¥113.38 for USD/JPY is still acting as resistance, with an attempt to move above this level today defeated. Above this, ¥113.64 and then ¥114.50 are potential targets. Due to ¥112.56 being defended by buyers last week, a move below this is required to […]
Hong Kong: HANG SENG INDEX (.HSI) China premier talks up targeted policy support Hong Kong shares erased early losses and ended higher on Tuesday after China’s premier said the country would take targeted policy steps to support private companies. *At the close, the Hang Seng index was 0.7 percent higher at 26,120.96 points while the […]
Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue The Australian dollar has rallied over the last several days, reaching towards a major downtrend line and coinciding with the 0.7250 level, an area that I think will be rather stringent and difficult to break above. If we do, that’s […]
British Pound: USD/GBP (GBP=X) solidifies hold above $1.3050 Cable has managed to move GBP/USD above the $1.3050 area that provided resistance at the end of last week. Further gains would head towards possible resistance at $1.32 and then $1.33. A bearish view would prevail with a move back below $1.2950. Overall, the bias in prices is: Sideways. […]
GOLD 1 OZ (XAU=X) investors await the outcome of the U.S. mid-term elections Gold prices are moderately higher in early U.S. trading Tuesday, supported in part by the U.S. dollar index backing down from the 16-month high scored last week. Look for a quieter trading session in the metals and in many other markets, as […]
SILVER 1 OZ 999 NY (XAG=X) some downside pressure Gold and silver prices are moderately lower in early-afternoon U.S. trading Tuesday. A modest rebound in the U.S. dollar index today, as well as a rally in the U.S. stock market, put some downside pressure on the precious metals markets. Trading was choppy and two-sided as […]
Twitter, Inc. (NYSE:TWTR) New Rules In a private “strategy chat” with more than 40 far-right trolls, one user who tried to create a new Twitter account to spread disinformation ahead of Tuesday’s midterms elections described how he had hit an immediate roadblock: Twitter banned him for deliberately giving out the wrong election date. “Were they […]
Alphabet Inc. (NASDAQ:GOOG) Pixel 3 smartphone have experienced issues with apps A glitch in some Pixel 3 smartphones that closes apps running in the background is getting a fix in the “coming weeks,” Google told Android Police. Several Pixel 3 owners have reported via Reddit, Twitter, and various forums that apps they recently used would […]
NASDAQ Composite (.IXIC) confusion surrounding a possible resolution to U.S.-China trade deal Markets ended lower on Friday following a three-day rally on confusion surrounding a possible resolution to U.S.-China trade spat in the near term. Also, Apple’s shares declined following a disappointing forecast, which took a toll on the broader tech sector as investors felt […]
Tesla, Inc. (NASDAQ:TSLA) cut the price of its “Enhanced Autopilot” The company just cut the price of its “Enhanced Autopilot” package by $1,500 for qualifying customers. The driver assistance features include automatic parking, lane change help and traffic-aware cruise control. Tesla customers who don’t already have Enhanced Autopilot and have never partaken in a free […]
Dow Jones Industrial Average (.DJI) Federal Reserve and midterm elections that could alter the balance of power in Washington U.S. stocks logged a mixed performance during trading Monday, ahead of an updated policy statement from the Federal Reserve and midterm elections that could alter the balance of power in Washington. How did benchmarks fare? The […]
Facebook, Inc. (NASDAQ:FB) analysts are sensing a rebound Back in 2012, before breaking out, Facebook’s IPO was heavily scrutinised and due to this the company witnessed a weak period. Then things suddenly changed for the better in Q2 2013, when Facebook made a huge comeback with its mobile advertising reaching $656 million. In Q2 2013, […]
United States Oil (USO) reinstated US sanctions on Iran coming into force Oil prices dropped on Monday despite the reinstated US sanctions on Iran coming into force. Donald Trump pulled the US out of the Iran nuclear deal earlier this year, and market experts had predicted that the renewed sanctions would drive oil prices up […]
Bitcoin: USD/BTC (BTC=X) resistance is broken Bitcoin [BTC] saw a short rally yesterday, driven by a 20% hike in the value of its direct competitor, Bitcoin Cash [BCH]. This has led to fresh capital entering the market, pushing the trading volume of Bitcoin to the highest since mid-September. A long-term downtrend is seen from May, […]
Alibaba Group Holding Limited (NYSE:BABA) received additional price-target cuts China e-commerce leader Alibaba[ticker symb=BABA] received additional price-target cuts Monday on concerns about slower revenue growth, the impact of a website redesign, and how aggressive investments could lower profit margins. Alibaba stock fell. The price target cut follows Alibaba’s quarterly earnings report on Friday that missed revenue […]
British Pound: USD/GBP (GBP=X) weakening from confluent resistance GBP/USD managed to push sharply higher towards the end of last week, with the price rallying into Fibonacci and moving average resistance. That confluence of the 61.8% retracement, alongside the 200-day simple moving average (SMA), provides a potential turning point for the market. That being said, there is […]
Hong Kong: HANG SENG INDEX (.HSI) trade worries persist Hong Kong stocks were among the region’s biggest decliners. After ending last week with a 4.2% gain, the most in seven years, the Hang Seng Index HSI, -2.08% was down 2%. Trade worries persisted, as did concerns about the mainland economy, after a new report found […]
Shanghai: SSE Composite Index (.SSEC) White House denies done deal Stocks in China ended their four sessions of gaining streak on Monday as participants awaited the outcome of the U.S. mid-term elections, which may change the White House’s policy direction on trade. Investors also tried to make sense of the Chinese president’s announcement of launching […]
Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance AUD/USD rallied into the 76.4% retracement last week, with the pair moving lower since. The trendline breakout seen recently points towards a possible bullish reversal for this pair, yet we would need to see a move above $0.7315 to provide greater credence to that idea. Until then, it […]
Singapore: STI Index (.STI) resumes Monday afternoon at 3,058.13 Singapore shares continued to slide on Monday afternoon, resuming trading on lower ground, with the Straits Times Index down 58.26 points or 1.9 per cent to 3,058.13. About 973 million shares worth S$517 million in total changed hands, with losers outnumbering gainers 243 to 100. Among […]
Australia: S&P/ASX 200 (.AXJO) struggling for gains Australia’s ASX 200 struggled for gains, finishing down 31.10 points, or 0.53 percent, at 5,818.10 as most sectors declined. The energy sector fell 1.31 percent as oil stocks mostly sold off. Shares of Santos fell 1.55 percent, Oil Search was down 1.31 percent and Woodside Petroleum declined 2.28 […]
GOLD 1 OZ (XAU=X) traders eyed some weakness in the U.S. dollar Gold prices posted a slight decline on Monday, holding above $1,230 an ounce for a third straight session as traders eyed some weakness in the U.S. dollar a day ahead of the closely watched midterm elections. Gold for December delivery GCZ8, -0.15% edged […]
Japanese Yen: USD/JPY (JPY=X) first support at 112.60 The USD/JPY extends its sideways movement into the NA session and struggles to determine its next short-term direction as investors stay on the sidelines ahead of Tuesday’s critical midterm elections in the U.S. As of writing, the pair was virtually unchanged on the day at 113.18. The […]
Euro: USD/EUR (EUR=X) pulling back after recent bullish break EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside. With that in mind, the current pullback looks like a […]
SILVER 1 OZ 999 NY (XAG=X) bulls and the bears are cautious Gold and silver prices are modestly lower in early-afternoon U.S. trading Monday, in a choppy, two-sided trading session. Both the bulls and the bears are cautious ahead of what will likely be a very active trading week. December gold futures were last down […]
Twitter, Inc. (NYSE:TWTR) Traders Expect Stock Will Rise More than 10% Twitter’s stock has risen 20% since the beginning of October after the company delivered better than expected third quarter results. The sharp gain is a stark contrast to the broader stock market’s sell-off. Now, options traders are betting the stock will rise another 12% […]
Bitcoin: USD/BTC (BTC=X) indication of a bottoming crypto market The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights […]
Dow Jones Industrial Average (.DJI) vulnerable to a correction towards 25,553.54 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 25,553.54. The projected upper bound is: 25,999.59. The projected lower bound is: 24,526.62. The projected closing price is: 25,263.11. Candlesticks A black body occurred (because prices closed […]
NASDAQ Composite (.IXIC) vulnerable to a correction towards 7,651.96 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 7,651.96. The projected upper bound is: 7,662.60. The projected lower bound is: 7,030.53. The projected closing price is: 7,346.56. […]
Alibaba Group Holding Limited (NYSE:BABA) Profit margins are slim Alibaba Group is expecting tough times, as the once high-flying stock of China’s biggest e-commerce company has also been grounded in recent months, declining 30 percent since reaching all-time highs on June 14. On Nov. 2, the firm alarmed investors by cutting its revenue growth estimates […]
Alphabet Inc. (NASDAQ:GOOG) $1000 is a maximum target The Google weekly cycle turns down now. In the last year, 5 of 6 sell signals have been profitable. The cycle declines into the end of December. The last month of the year has usually been a strong one for this stock, so it would not be […]
Tesla, Inc. (NASDAQ:TSLA) analysts are sharply upping earnings estimates Tesla’s Inc. (TSLA) shares have soared by nearly 30% over the past month, a stark contrast to the broader S&P 500 decline of 6%. But now options traders are betting the stock rises by another 9% in the coming weeks. Meanwhile, the technical chart supports the […]
United States Oil (USO) U.S. sanctions against Iran’s fuel exports softened Oil prices fell on Monday as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. Front-month Brent crude futures were at $72.39 per barrel at 0142 GMT […]
Facebook, Inc. (NASDAQ:FB) 2019 would be an investment year Shares of Facebook popped Wednesday after a mixed third-quarter report and a candid earnings call with traditionally tight-lipped executives. The stock gained as much as 6.9 percent in morning trading, before easing off slightly. The stock gained 3.8 percent by the end of trading to close […]
Apple Inc. (NASDAQ:AAPL) growth story appears to be ending Apple (AAPL) has been an incredible growth story over the past decade. In fact, the stock has been one of the top performing equities in general, appreciating by over 1,700% since 2008. In that time, Apple’s primary sales and earnings driver has been the iPhone. Incredibly […]
British Pound: USD/GBP (GBP=X) Benefit from Improved UK Services PMI or GDP The GBP/USD exchange rate could return to an uptrend on Monday, however, if the UK services PMI for October proves encouraging. As the service sector remains the growth engine of the UK economy an uptick here could give investors fresh incentive to pile […]
Australian Dollar: USD/AUD (AUD=X) out of the downtrend The news saw the AUD/USD break convincingly out of the downtrend it had been stuck in since late January this year, extending its rally over the past week to 3.4%. However, that move quickly reversed in the second half of the session as a combination of a […]
Japanese Yen: USD/JPY (JPY=X) New month, new mood 115.55 was a high point in the first half of 2017 and is an upside target. 114.60 was the high point in early October and serves as resistance. 114 is a round number and was a stepping stone on the way down. 113.40 capped the pair in […]
SILVER 1 OZ 999 NY (XAG=X) focus on the U.S. mid-term elections This week precious metals traders will be focused on the U.S. mid-term elections and the Federal Reserve’s November meeting as markets continue to digest Friday’s strong U.S. jobs report. Voters on Tuesday will decide key races in Congress and state governments and the results could […]
Singapore: STI Index (.STI) local earnings reports and China data due out this week Asian markets were given a boost from the middle of the past week on positive earnings reports from Wall Street and developments in US-China trade relations. But as markets head into the first full week of November, all eyes will be […]
Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit Looking beyond the trials and tribulations of financial markets in the United States, promising signs of major breakthroughs regarding Brexit and the US-China war have emerged. News reports over the weekend have warmed the idea that a Brexit deal could be negotiated, by some time […]
Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed The Canadian dollar has edged lower in the Friday session. Currently, USD/CAD is trading at 1.3098, up 0.07% on the day. On the release front, Canadian employment change slowed to 11.2 thousand, short of the estimate of 12.7 thousand. However, the unemployment rate ticked lower to 5.8%, just below […]
Shanghai: SSE Composite Index (.SSEC) systemic reform is imperative There have been calls from high-level government officials to boost the stock market in recent days and various measures have been taken, but the core issue is not to return to the kind of bull market that was seen in 2014 and early 2015. Instead the […]
Hong Kong: HANG SENG INDEX (.HSI) potential trade deal between US and Beijing Hong Kong’s Hang Seng index surged 4.21 percent by Friday’s close following a report that U.S. President Donald Trump has asked officials in his administration to start drafting a potential trade deal with Beijing.. Meanwhile, China’s Shanghai composite and Shenzhen composite saw […]
GOLD 1 OZ (XAU=X) Increased Appeal as Safe Haven Asset Gold futures posted a two-sided trade last week before settling marginally lower. The volatility was mostly fueled by the movement in the U.S. Dollar which was driven by U.S. economic data, stock market volatility and reports of a potential trade deal between the United States […]
Alibaba Group Holding Limited (NYSE:BABA) Singles Day will arrive amid concerns about whether macroeconomic issues in China Alibaba Group Holding Ltd. is just a few days away from its biggest shopping event of the year, but Singles Day will arrive amid concerns about whether macroeconomic issues in China are dampening consumer spending. In the past […]