Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus

Japanese Yen: USD/JPY (JPY=X) Federal Reserve meeting in focus

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 […]

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil

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 […]

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

Australian Dollar: USD/AUD (AUD=X) downward pressure waiting for the Fed

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 […]

DAX PERFORMANCE-INDEX (.GDAXI) continue week’s horizontal trend at start of trading

DAX PERFORMANCE-INDEX (.GDAXI) continue week’s horizontal trend at start of trading

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 […]

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

New Zealand Dollar: NZD/USD (NZD=X) All eyes on Fed

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 […]

Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips

Canadian Dollar: USD/CAD (CAD=X) Canadian CPI Slips

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 […]

Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned

Silver 1 OZ 999 NY (XAG=X) safe-haven demand for the has waned

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 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

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

Euro: USD/EUR (EUR=X) Falls Ahead of Federal Reserve Rate Decision

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 […]

Bitcoin: USD/BTC (BTC=X) risks falling to $9,855

Bitcoin: USD/BTC (BTC=X) risks falling to $9,855

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 […]

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

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 […]

Hong Kong: HANG SENG INDEX (.HSI) extending a sell-off as traders fret over the impact of protests on the city

Hong Kong: HANG SENG INDEX (.HSI) extending a sell-off as traders fret over the impact of protests on the city

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

Shanghai: SSE Composite Index (.SSEC) Investors reacting to volatility in the crude oil market

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

Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting

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

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents

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. […]

Apple Inc. (NASDAQ:AAPL) stock is found in both value and growth funds

Apple Inc. (NASDAQ:AAPL)  stock is found in both value and growth funds

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: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours

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

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains

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’s Market Price Hanging in Place

Gold’s Market Price Hanging in Place

$XAU $GLD Gold markets traded back and forth during the session Tuesday hanging about the $1500 mark the bottom of the consolidation range, as the 50-Day EMA is there where buyers are clustered. Gold Technical Analysis Video 18.09.19 That does not mean a direct move North right away, but rather there is interest in this market, […]

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

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

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

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

Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting

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

Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks

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

Euro: USD/EUR (EUR=X) on the rise

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

Silver 1 OZ 999 NY (XAG=X) some corrective pressure

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

Hong Kong: HANG SENG INDEX (.HSI) stocks slide for a second day as MTR retreated on train derailment

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

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

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

DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows

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

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

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

Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know

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, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday

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

Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance

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

Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring

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, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory

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: USD/BTC (BTC=X) consolidation may end up with bullish breakout

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

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view

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 Inc. (NASDAQ:AAPL) embarks on EU court battle over 13-bn-euro tax bill

Apple Inc. (NASDAQ:AAPL)  embarks on EU court battle over 13-bn-euro tax bill

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 […]

Facebook, Inc. (NASDAQ:FB) to stop news headline changes from advertisers

Facebook, Inc. (NASDAQ:FB)  to stop news headline changes from advertisers

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

Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15

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

Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data

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

Hong Kong: HANG SENG INDEX (.HSI) slides amid more worrying economic news from China

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

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

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

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

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

Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry

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

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

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

Singapore: STI Index (.STI) business confidence falls to near 2-year low

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

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

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”

Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses”

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: USD/EUR (EUR=X) rebounds of down-trend resistance

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

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

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

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices

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

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption

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

Apple Inc. (NASDAQ:AAPL) is becoming a camera company

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: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too

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

Tianci International, Inc. (OTC:CIIT) Heffx Technical Trading Outlook

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 […]

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

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

Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout

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 […]

Shanghai: SSE Composite Index (.SSEC) Waiting On Data

Shanghai: SSE Composite Index (.SSEC) Waiting On Data

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

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

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 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

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

Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week

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

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

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

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

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

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

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 […]

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures Both the Euro and US Dollar were fairly volatile last week, driven by shifts in global trade sentiment as well as the latest central bank news and speculation, but the Euro to US Dollar (EUR/USD) exchange rate ultimately closed the week fairly closely to its opening […]

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know Twitter (TWTR) closed the most recent trading day at $43.20, moving -0.12% from the previous trading session. This change lagged the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.3%. Prior to today’s trading, […]

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275 Few months ago, I wrote an article on estimating Facebook’s (FB) future target prices, using then analysts’ forecast financials. Since the model’s forecast prices turned out to be reasonably accurate (Figure 2B below) and the current forecasts of forward financials have changed somewhat from March, it […]

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300 Bitcoin (BTC) is not the king of cryptocurrencies without any reasons. Bitcoin price has finally broken through the downward wedge triangles and is now headed towards new highs. In the past twenty-four hours (24hrs) Bitcoin price has seen the high point of ten thousand four hundred and sixty-one […]

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains Tesla (TSLA) closed the most recent trading day at $245.87, moving -0.5% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.3%. Heading into today, shares of the electric car […]

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues Google, a unit of Alphabet Inc. GOOGL, +1.23%, has been ordered by federal regulators to assure its employees that they are allowed to speak out on workplace issues, according to a report in The Wall Street Journal. The report, which cited […]

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high Shares of Apple Inc. AAPL, -0.23% rose 0.9% in midday trading, putting them on track for a fourth-straight gain. The stock, which has rallied 5.8% during the win streak, is also headed for the highest close since Oct. 9, 2018. The stock’s gains come in the […]

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism The Dow marked its longest win streak in more than a year Thursday, after the European Central Bank’s announced fresh stimulus measures, including an interest-rate cut that moved a deposit rate further into negative territory, raising hopes that the Federal […]

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200 Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins […]

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]

Singapore: STI Index (.STI) snaps three straight sessions of gains

Singapore: STI Index (.STI) snaps three straight sessions of gains

Singapore: STI Index (.STI) snaps three straight sessions of gains Most Southeast Asian stock markets closed lower on Thursday, with Indonesia falling the most, as signs of relief in the U.S.-China trade conflict failed to boost sentiment. U.S. President Donald Trump on Wednesday reciprocated to Beijing’s move to exempt levying charges on some American imports […]

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate

Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]

Hong Kong: HANG SENG INDEX (.HSI) boost was primarily due to a boost in investor confidence involving a likely positive outcome of the ongoing trade dispute

Hong Kong: HANG SENG INDEX (.HSI) boost was primarily due to a boost in investor confidence involving a likely positive outcome of the ongoing trade dispute

Hong Kong: HANG SENG INDEX (.HSI) boost was primarily due to a boost in investor confidence involving a likely positive outcome of the ongoing trade dispute Global markets reacted positively this week as both the United States and China made new progress in possibly putting an end to the now year-long trade war. The moves […]

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26 Gold prices tested a key pivot zone today on the back of the ECB interest rate announcement with price still holding within a near-term descending pattern. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week. In my […]

Ethereum: USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back

Ethereum:  USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back

Ethereum: USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back After forming a short term top near $186, ETH price started a downside correction against the US Dollar. It broke the $180 support level and the 100 hourly simple moving average to enter a negative zone. Moreover, the recent decline in bitcoin pushed Ethereum below […]

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months Bitcoin volatility reached the lowest level in over four months.  Bitcoin has been suffering due to relative stagnation over the past weeks, and the measure of volatility went down to its lowest in nearly four months. The 30-day volatility of the digital currency […]

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company Apple Inc. reclaimed its status as a trillion-dollar company Wednesday, hitting that level for the first time since last November on the day after it showed off its next iPhones. Apple AAPL, +3.18%  introduced its new lineup of iPhones and revealed pricing details for its forthcoming gaming and video […]

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know Facebook (FB) closed the most recent trading day at $188.49, moving +1.25% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.72%. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 1.06%. Heading into today, shares of the […]

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace A team of Federal Trade Commission investigators has begun interviewing small businesses that sell products on Amazon.com Inc. to determine whether the e-commerce giant is using its market power to hurt competition. Several attorneys and at least one economist have been conducting interviews that typically last about 90 […]

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session Shares of Tesla Inc. TSLA, +4.91% on Wednesday hovered at their best in seven weeks and extended their gains to a third straight session. The stock is up more than 8% in September, a contrast with losses of nearly 7% in August. Chief Executive Elon Musk late […]

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains The Canadian dollar is consolidating its recent gains. Last week’s robust employment report may have reduced the incentive for the Bank of Canada to trim interest rates at its October meeting which underpinned the currency. Overnight, China announced it was exempting more than a dozen U.S. imports from […]

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing

Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing Australian shares managed to extend a September advance with banks and miners performing well, as one strategist suggested concerns about a global economic downturn were  “overblown.” The S&P/ASX 200 index climbed 23 points, or 0.4 per cent, to 6638, […]

Hong Kong: HANG SENG INDEX (.HSI) shares ended higher sparked by speculation that the local government may act to ease protests

Hong Kong: HANG SENG INDEX (.HSI) shares ended higher sparked by speculation that the local government may act to ease protests

Hong Kong: HANG SENG INDEX (.HSI) shares ended higher sparked by speculation that the local government may act to ease protests Hong Kong shares ended higher on Wednesday, with the city’s main equity gauge clinging to early gains sparked by speculation that the local government may act to ease protests. The Hang Seng Index added […]

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership U.S. stocks closed at session highs Tuesday as a rally in energy, industrials and materials stocks overshadowed a selloff in momentum-driven technology shares, helping the Dow extend its win streak to five sessions and the S&P 500 index avoid […]

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower  squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 51 cents, or 0.6%, to […]

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