NASDAQ Composite (.IXIC) Gives up Early Gains on Trade Fight Worries A strong opening stock rally Thursday faded in the afternoon in part because of worries about the upcoming U.S.-China trade talks. The concern was prompted when Michael Pillsbury, a prominent adviser to President Donald Trump, told the South China Morning Post that Trump would raise tariffs substantially on […]
Netflix, Inc. (NASDAQ:NFLX) co-founder Marc Randolph: ‘Focus’ will help it beat Apple, Disney The streaming wars are just getting started. With NBCUniversal (CMCSA) unveiling the official name of its streaming service, WarnerMedia’s HBO Max (T) landing a mega deal for “The Big Bang Theory” and Apple TV+ (AAPL) and Disney+ (DIS) gearing up for November […]
Amazon.com, Inc. (NASDAQ:AMZN) stock remains a growth story and one worth buying Up 21% year-to-date with a market capitalization of over $903 billion and sitting as the third-largest company in the S&P 500, it’s often hard for Amazon.com (NASDAQ:AMZN) to tread lightly. In the rarefied air in which Amazon stock resides, it usually takes a lot to […]
United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure Oil prices rose slightly on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained 72 cents to $64.33 […]
Apple Inc. (NASDAQ:AAPL) iconic Fifth Avenue store reopens The Fifth Avenue Apple Store, otherwise known as the “cube,” reopens to the public on Friday at 8 a.m. ET. CNBC was invited to take a look before it officially reopens — here’s a tour of what it looks like inside. The flagship store in New York has been […]
Dow Jones Industrial Average (.DJI) closes slightly lower after Fed’s interest rate decision Stocks finished mixed Thursday, as investors come to grips with the Federal Reserve forecasting no further interest rate cuts this year. The Dow (INDU) closed 54 points, or 0.2%, lower, while the S&P 500 (SPX) ended flat. The Nasdaq Composite (COMP) finished 0.1% higher.Lower interest rates are good for stocks, because […]
Bitcoin: USD/BTC (BTC=X) back above the $10,000 and $10,100 levels, with positive signs Bitcoin Cash Price Analysis BCH price corrected lower recently and tested the $305 support area against the US Dollar. Later, the price bounced back above the $310 and $315 levels. It seems like the price is about to break the $320 resistance […]
Ethereum: USD/ETH (ETH=) ecosystem is strengthening in more ways than one Ethereum: Greater Than The Sum … The latest report from blockchain industry leaders ConsenSys has broken down the current state of the Ethereum network to provide more insight on its status. There has been no end of ETH bashing this year, from Bitcoin maximalists to leaders […]
DAX PERFORMANCE-INDEX (.GDAXI) shares almost unchanged at start of trading German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index opening at 12,355.92 points, down 33.7 points, or minus 0.27 percent. The decision to cut interest rates by the U.S. Federal Reserve (Fed), which had lowered the federal […]
Canadian Dollar: USD/CAD (CAD=X) Breakout Potential The Canadian Dollar is up down more-than 0.2% against the US Dollar since the start of the week with USD/CAD stretching into near-term resistance post- FOMC yesterday. Despite the recent advance, Loonie remains within the confines of a well-defined range with the broader outlook still tilted to the downside. In my last Canadian Dollar Price Outlook we noted that USD/CAD was approaching daily […]
Australian Dollar: USD/AUD (AUD=X) crushed after jobs data shows unemployment rising The Australian Dollar was crushed Thursday in the wake of an August jobs report that showed the unemployment rate rising, which is tipped by Wesptac to incite further interest rate cuts from the Reserve Bank of Australia (RBA) and a return to a decade-long low by the antipodean […]
New Zealand Dollar: NZD/USD (NZD=X) target 0.5989 From the daily chart, we notice since Sep 6 NZD/USD has failed in multiple occasions nearby the high end of current trading zone 0.6236 – 0.6438. The price changed direction eyeing a test of the low end. Hence, a close below the low end of the zone could […]
Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales U.S. economic data continue to have little impact on gold, as prices hold above $1,500 an ounce following stronger than expected existing home sales for August, according to the latest report from the National Association of Realtors (NAR). […]
Hong Kong: HANG SENG INDEX (.HSI) stocks hit longest losing streak in six weeks Hong Kong stocks fell for a fourth straight day, their longest losing streak in six weeks, on concerns there will be more protests ahead of China’s National Day. The Hang Seng Index dropped 1.1 per cent to 26,468.95 at the close […]
British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging It’s not a “Super Thursday,” but it sure feels like one. The September Bank of England policy meeting produced the dually surprising yet unsurprising remark from BOE Governor Mark Carney that the Monetary Policy Committee may need to cut interest rates thanks to the uncertainty […]
Silver 1 OZ 999 NY (XAG=X) Prices to Challenge Key Resistance Yesterday, the Federal Reserve cut interest rates to 1.75-2.00% as expected. However, the mixed outlook in regard to the future path of interest rates among the committee with 7/17 expecting rates to be lowered again slightly disappointed the dovish market expectations. Therefore, gold and silver […]
Euro: USD/EUR (EUR=X) consolidating The Euro market rallied during the trading session on Thursday, reaching towards the top of the short term range. The 50 day EMA above is painted in red, and it should continue to offer a lot of resistance. The shooting star from several days ago continues offer a major barrier, so that being […]
Japanese Yen: USD/JPY (JPY=X) Price Forecast US Dollar Runs Into Resistance The US dollar has pulled back a bit against the Japanese yen during trading on Thursday as the 50% Fibonacci retracement level has made its presence known. That being said though, it’s very likely that the area that could cause quite a bit of issues not […]
United States Oil (USO) futures extend losses to a second session Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia’s output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of […]
Ethereum: USD/ETH (ETH=) price extended gains above the $215 resistance area Yesterday, we saw a solid upward move in ETH price above the $200 resistance against the US Dollar. The price even broke the $210 level and settled well above the 100 hourly simple moving average. As a result, the price extended gains above the $215 level […]
Apple Inc. (NASDAQ:AAPL) Stock Is Still Headed to $245 Apple (NASDAQ:AAPL) is still arguably the best company on the planet. They have accomplished amazing things in spite of a lot of criticism of Tim Cook’s leadership. I personally don’t believe that he’s the best person for the job, but that doesn’t stop me from betting bullish […]
Bitcoin: USD/BTC (BTC=X) has decidedly shed the $10,000 support Ouch. The Bitcoin (BTC) price has dumped by over $450 in the past few minutes, with bears finally managing to take the wheel of the cryptocurrency market after over two weeks of lull. It isn’t clear what triggered this move, but with this flash crash, the […]
Amazon.com, Inc. (NASDAQ:AMZN) launches pay-with-cash service in U.S. at Western Union locations Amazon.com Inc. AMZN, -0.28% said Wednesday it is launching Amazon PayCode in the U.S., which allows customers to pay for online purchases in cash at Western Union Co. WU, -0.22% locations. Amazon said 80% of Americans live within five miles of one of Western Union’s 15,000 locations. Western Union’s […]
Tesla, Inc. (NASDAQ:TSLA) Model 3s a hit in China According to fresh estimates by JL Warren Capital, Tesla sales in China should hit around 6,400 vehicles this quarter, with most orders coming in for its most affordable electric vehicle, the Model 3 sedan. The lowest-priced standard-range version of that car, which sells for 364,000 RMB (around $51,000 […]
Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains In the latest trading session, Twitter (TWTR) closed at $43.23, marking a -0.02% move from the previous day. This move lagged the S&P 500’s daily gain of 0.03%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 0.11%. Coming into today, shares of the short messaging […]
Dow Jones Industrial Average (.DJI) Extend Losses As Fed Cuts Rates; More Ahead? The Dow Jones Industrial Average and other key indexes extended losses in today’s stock market, after the Fed cut its benchmark interest rate by 25 basis points. The Dow Jones industrials dipped 0.5%, the S&P 500 fell 0.6% and the Nasdaq slumped 1%. […]
Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates The Australian share market has had its best day in two weeks, with most sectors posting gains after the US Federal Reserve cut a key interest rate. The benchmark S&P/ASX200 index closed Thursday up 35.9 points, or 0.54 per cent, to 6,717.5 points. The […]
Facebook, Inc. (NASDAQ:FB) plans to launch a video streaming device called Portal TV Facebook (FB) said Wednesday it plans to launch a video streaming device called Portal TV, taking on similar products from Amazon (AMZN), Alphabet (GOOGL) and Roku (ROKU). Facebook stock inched up, while Roku stock was hardest hit by the news. An extension of its Portal line of devices, the […]
Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus The US dollar has done very little in the hours ahead of the Federal Reserve meeting as one would expect, and now that we are testing the ¥108 level it’s very likely that we are going to perhaps try to pop higher. If we can break above the […]
Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed Continued attempts for the Australian Dollar to US Dollar (AUD/USD) exchange rate to recover from its weekly lows have been limited, as the pair still trended just slightly above those lows at the time of writing on Wednesday afternoon. Investors remained hesitant to buy the […]
Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil The benchmark S&P/ASX200 index closed on Wednesday down 13.7 points, or 0.2 per cent, to 6,681.6 points, while the broader All Ordinaries was down 10.5 points, or 0.15 per cent, to 6,791.2 points. Shayne Heffernan, Founder and CEO of Heffx […]
New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed NZD/USD has posted modest losses on Wednesday, erasing the short-lived gains we saw on Tuesday. In the Asian session, the pair is trading at 0.6337, down 0.36% on the day. Ahead – New Zealand GDP Weak global conditions and the ongoing U.S-China trade war have taken a […]
DAX PERFORMANCE-INDEX (.GDAXI) continue week’s horizontal trend at start of trading German stocks continued the horizontal trend and remained flat at the start of trading on Wednesday, with the benchmark DAX index opening at 12,361.23 points, down 11.38 points, or 0.09 percent. The biggest winner among Germany’s largest 30 companies at the start of trading […]
Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips USD/CAD continues to have a quiet week, as the pair remains rangebound. In Wednesday’s North American session, the pair is trading at 1.3271, up 0.22% on the day. Canadian CPI Slips Canada’s key inflation gauge, CPI, contracted by 0.1% in August. The reading of -0.1% marked a sharp drop […]
UK FTSE 100 (.FTSE) keenly awaits Fed rate decision FTSE 100 closed a shade lower, while US stocks were down, ahead of the closely watched Fed interest rate decision due within the next couple of hours. “The mood today has been one of cautious optimism, as the US central bank are tipped to lower interest […]
Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned Gold and silver prices are lower in early U.S. trading Wednesday. Safe-haven demand for the metals has waned a bit at mid-week as risk aversion has subsided just a bit. Traders and investors are now focused on today’s FOMC decision. December gold futures were last down […]
Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates Gold prices are under pressure but holding critical support above $1,500 an ounce as the Federal Reserve cuts interest rates but strikes fairly neutral tone on the U.S. econom and a fractured central bank. In a widely anticipated move Wednesday, the U.S. central […]
Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision Today’s Euro US Dollar (EUR/USD) exchange rate has slumped, with the pairing currently trading at around $1.1045. The US Dollar (USD) edged up this morning ahead of the US Federal Reserve meeting in which the central bank is expected to cut interest rates by 25 […]
British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips Recent CPI releases have been around the 2.0% level, which is the Bank of England’s inflation target. However, August CPI slipped to 1.7%, down sharply from 2.1% a month ago. This release will likely raise concerns at the BoE, as it is the lowest level […]
Bitcoin: USD/BTC (BTC=X) risks falling to $9,855 Bitcoin’s volatility has hit its lowest level in over four months – a price squeeze that may force a significant move either way. BTC’s bull run stalled at highs above $13,800 on June 26 and prices have created lower highs and higher lows ever since. Notably, the trading […]
Hong Kong: HANG SENG INDEX (.HSI) extending a sell-off as traders fret over the impact of protests on the city Hong Kong stocks finished today with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision […]
Shanghai: SSE Composite Index (.SSEC) Investors reacting to volatility in the crude oil market The major Asia Pacific stock indexes are trading mixed with the majority trading lower. Investors are reacting to volatility in the crude oil market while awaiting the Fed’s latest decisions on interest rates and monetary policy, set to be released late […]
Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting The Dow Jones Industrial Average was slightly lower in the stock market today as the Fed kicked off its two-day monetary policy meeting and oil prices plunged. The Nasdaq composite held a 0.1% gain, the S&P 500 was fractionally higher […]
United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]
Ethereum: USD/ETH (ETH=) bulls are back in full swing Ethereum bulls are back in full swing. As of the time of writing this, ETH’s price has just topped $210, pushing up by some 6% over the past 24 hours. This strong move higher marks the end of a massive downtrend for Ethereum, in terms of its […]
Apple Inc. (NASDAQ:AAPL) stock is found in both value and growth funds As the “Great Rotation” grips the U.S. stock market, more investors are turning to “value” stocks, or those that are considered comparatively underpriced or overlooked. In the past couple of weeks, while the main U.S. stock indexes SPX, +0.26% DJIA, +0.13% COMP, +0.40% have hovered near all time highs, investors […]
Bitcoin: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours Bitcoin is down again, but some observers believe the losses could be reversed after a U.S. interest rate cut expected Wednesday. The leading cryptocurrency by market value fell to lows below $10,100 yesterday, marking a downside break of the narrowing price […]
Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains In the latest trading session, Facebook (FB) closed at $188.08, marking a +1% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.26%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.4%. Prior to today’s trading, shares of the […]
Gold 1 OZ (XAU=X) solid resistance at $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]
Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed The US Dollar has rallied more than 3.6% against the Japanese Yen since the August lows / yearly lows with price now approaching broader downtrend resistance ahead of tomorrow’s highly anticipated FOMC interest rate decision. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. USD/JPY […]
Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting Australian shares were subdued on Tuesday, as markets trod cautiously in the wake of heightened tensions in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. The S&P/ASX 200 index declined 0.1% or 8.2 points to […]
Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been excessive. Hong Kong’s […]
Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]
Silver 1 OZ 999 NY (XAG=X) some corrective pressure Gold and silver prices are modestly weaker in early U.S. trading Tuesday, on some corrective pressure following Monday’s gains. Still, look for more safe-haven demand in the near term after the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. The U.S. and Saudi Arabia are not likely […]
Hong Kong: HANG SENG INDEX (.HSI) stocks slide for a second day as MTR retreated on train derailment China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been […]
Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart. […]
DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows The price for the DAX failed to close the opening gap yesterday, with gains faltering at 12,400. However, downside was also limited, so another push above 12,400 may occur, with a target in the first instance of 12,500, before a fresh move towards 12,600. The current bounce is yet to […]
British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead There are no major indicators on the schedule, so investors are casting an eye ahead towards Wednesday, with key events on both sides of the pond. The U.K. will release the August consumer inflation report. Recent CPI releases have been around the 2.0% level, which […]
Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know The 10th of September was a day that some holders of Alibaba (NYSE:BABA) stock were dreading: Jack Ma, the company’s flamboyant co-founder and chairman for 20 years, finally stepped down from his position on his 55th birthday. He’ll continue to serve as as part of […]
Fred’s, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday Fred’s common stock is set to be delisted from the Nasdaq market exchange beginning Wednesday, Sept. 18. The stock may be eligible for listing on the over-the-counter Pink Sheets, with a Q in the ticker symbol indicating the company is in bankruptcy. Fred’s also filed a […]
Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, […]
Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring U.S. stocks ended lower Monday after a weekend attack on Saudi Arabia’s oil-production facilities unsettled global markets, halted the Dow’s eight-session winning streak and sent crude prices rocketing higher. The attacks played out in the Middle East […]
Tesla, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory Tesla will make a change to its delivery system next quarter designed to reduce the number of vehicles sitting at its Fremont, California, factory, Electrek‘s Fred Lambert reported. According to Electrek, Tesla will immediately send custom-ordered vehicles to local delivery hubs, instead […]
Bitcoin: USD/BTC (BTC=X) consolidation may end up with bullish breakout Bitcoin’s latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs. The top cryptocurrency by market value has clocked lower daily highs and higher daily lows over the last three days and is currently […]
United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]
Apple embarks on EU court battle over 13-bn-euro tax bill Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. Lawyers for the world’s biggest company will face EU officials in a Luxembourg court, challenging […]
Shamardal Colt Pinatubo One of History’s Highest Rated 2yos Pinatubo cemented his position as Europe’s top two-year-old as he stormed to a stunning nine-length victory in the G1 Vincent O’Brien National Stakes at the Curragh, Ireland, on Sunday, 15 September. The Shamardal colt, coming into the seven-furlong contest on the back of four wins from as many starts […]
Facebook, Inc. (NASDAQ:FB) to stop news headline changes from advertisers Facebook said Monday it is working to stop advertisers from changing headlines in links to news stories after concerns raised by a British political party’s altering of one such link. The leading social network confirmed the internal effort in the face of concerns over a […]
Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15 Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up. The unveiling in New York City is likely to spotlight Google’s Android-powered challenge to the latest generation of […]
Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data China stocks started the week on a mixed note after bleak economic data reinforced hopes Beijing will roll out more stimulus to underpin the economy and as investors pondered over the latest developments in the Sino-U.S. tariff war. The CSI300 index fell 0.2%, to […]
Hong Kong: HANG SENG INDEX (.HSI) slides amid more worrying economic news from China Asian markets mostly fell in early trading Monday as global crude futures soared following the weekend attack on Saudi Arabian oil facilities. West Texas Intermediate crude for October delivery CLV19, +12.85% , the U.S. benchmark contract, was up 10.4%, or $5.71, at $60.57 a […]
Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia The US dollar gapped lower against the Japanese yen as traders raced for caution and safety in the aftermath of those drone attacks. However, we have since spent the rest of the day trying to fill […]
Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]
Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry Gold and silver prices are higher in early U.S. trading Monday, on safe-haven demand following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. Some metals market watchers are scratching their heads wondering why prices have […]
New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war NZD/USD ended the week on a whimper and the lack of activity has continued on Monday. In the Asian session, the pair is trading at 0.6385, up 0.02% on the day. Ahead – Consumer Confidence Consumer confidence has dipped, as […]
Singapore: STI Index (.STI) business confidence falls to near 2-year low Business confidence in Singapore has dropped to a near two-year low for the final quarter of this year, with the manufacturing sector and wholesale trade bracing themselves for a downturn, a new survey has shown. Business sentiment fell from +6.91 percentage points in the […]
Gold 1 OZ (XAU=X) solid resistance of $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]
Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses” The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities. The benchmark S&P/ASX200 index closed on Monday up 4.3 […]
Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]
British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting There are two primary reasons why traders should keep expectations low for the September BOE meeting. The first reason is typical in nature, at least since the June 2016 Brexit: the BOE is doing everything it can to stay neutral to not […]
Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15 U.S./barrel after closing on Friday at $54.83/b after news that drone attacks on Saudi Arabian oil fields knocked over 50% of the Kingdom’s oil production offline. There isn’t any […]
United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]
Apple Inc. (NASDAQ:AAPL) is becoming a camera company The iPhone 11 models Apple launched this week were more camera than phone. Sure, they can still send texts, download apps, and make video calls, but Apple spent a lot of time and effort marketing its new phones as powerful photography machines. It’s the latest sign that camera technology is where […]
Bitcoin: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too Bitcoin is down about 0.3% from the previous day, putting its price at $10,341.21 US dollars at the time of this writing. The down day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 1.77% […]
Tianci International, Inc. (OTC:CIIT) Heffx Technical Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.60. The projected lower bound is: 0.82. The projected closing price is: 1.71. Candlesticks A big white candle occurred. This is generally considered bullish, as […]
Ethereum: USD/ETH (ETH=) Expected to Cross $195 Ethereum (ETH) price is finally out from the recent drop. The coin is currently dealing at $187 with a market cap of $20,241,404,437. In the last 7 days, Ethereum (ETH) was seen touching a low at $176.50. The price seems to have driven out of the same. If […]
The Boeing Company (NYSE:BA) committee expected to make safety recommendations A small committee from Boeing’s board is expected to deliver safety recommendations to the full board this week, according to a source with knowledge of the situation. The committee is expected to call for changes to the company’s structure — including the creation of new […]
Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout While Small Caps stole the show last week, it may be the time for Large Caps to step up to the plate. Leading the charge is the S&P. The index is sitting just below resistance after ending the week just shy of a break of 3,025. Technicals […]
Arc Trials day : faster and longer Two Qatar Prix de l’Arc de Triomphe weekend prep races were on the card on Sunday at ParisLongchamp. Run over 5 furlongs, the Qatar Prix du Petit Couvert (Gr3) leads to the Prix de l’Abbaye de Longchamp Longines (Gr1). Oddly enough, the last winners of the French top sprint who […]
Qatar Niel : Sottsass wins a thriller of a race Sottsass (Siyouni) left a big impression on the Sunday card at ParisLongchamp in the Qatar Prix Niel (Gr2). Completely boxed-in when things started to take a serious turn, the colt who races the colours of White Birch Farm of Peter Brant fame, stamped his authority in 100m once […]
Qatar Vermeille : Star Catcher holds on to her crown The favourite from England Star Catcher (Sea the Stars) won the Qatar Prix Vermeille (Gr1) from pillar to post, on Sunday at ParisLongchamp. Trained by John Gosden for her breeder Anthony Oppenheimer, the 3-year-old filly was ridden by Lanfranco Dettori. She finally beats a group of four fillies and […]
Qatar Foy : Waldgeist gets perfect prep Winner of the 2018 Qatar Prix Foy (Gr2), Waldgeist (Galileo) strikes again, taking over the front-running Japanese raider Kiseki (Rulership) about one out to finally take off and win by 2 lengths over Way To Paris (Champs Elysees). The latter took a rather convincing test here after becoming one of the best active stayers in France. […]
Two Group 3 races are contested on Monday on the Maisons-Laffitte racecourse. The Prix Eclipse (Gr3) is a 6 furlongs race for 2-year-olds won last year by Sporting Chance, who then finished fifth in the Critérium de Maisons-Laffitte (Gr2) on the same course and then tried his luck at the best level in Meydan. In the Eclipse, the English […]
Shanghai: SSE Composite Index (.SSEC) Waiting On Data Ahead of Friday’s holiday for the Mid-Autumn Festival, the China stock market had halted the two-day slide in which it had fallen more than 15 points or 0.5 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and it’s looking at a narrow trading […]
New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade The New Zealand Dollar closed lower against the U.S. Dollar on Friday as investors continued to show almost no reaction to a number of conciliatory gestures between the United States and China that could be signaling an easing of tensions over the prolonged trade […]
Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut. Gold futures finished lower for a […]
Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week Australian shares are set to ease with a cautious start to the week as the US central bank’s pending policy decision is awaited. ASX futures were down 7 points or 0.1% to 6667. The local currency edged 0.2% higher. […]
British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction The Pound-to-Dollar rate is set to begin trading around 1.2485 at the beginning of the new week after closing the previous one around 1.68% higher on Friday and studies of the charts suggest the pair has established a new uptrend that could take it […]
Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]
Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement The Dollar/Yen reached its highest level since August 1 last week as investors continued to shed the safe-haven Japanese Yen in reaction to an easing of tensions between the United States and China, an improving U.S. economy and speculation that the Bank of Japan […]
