Shanghai: SSE Composite Index (.SSEC) index is above its 50-day moving average and above its 200-day moving average

Shanghai: SSE Composite Index (.SSEC) index is above its 50-day moving average and above its 200-day moving average

Shanghai: SSE Composite Index (.SSEC) index is above its 50-day moving average and above its 200-day moving average Chinese stocks were little changed on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day and on uncertainty surrounding Sino-US trade negotiations. The Shanghai Composite index was flat at 3,090.64 points. The blue-chip […]

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]

Hong Kong: HANG SENG INDEX (.HSI) stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports

Hong Kong: HANG SENG INDEX (.HSI) stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports

Hong Kong: HANG SENG INDEX (.HSI) stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports Shares in major Asian stock markets mostly slipped on Wednesday following a series of conflicting reports on U.S.-China trade that surfaced overnight. The broad MSCI Asia ex-Japan index slipped […]

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of […]

Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers

Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers

Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers Gold prices fell in futures trade on Wednesday, hit by weak demand at the spot market and lacklustre trend in overseas markets.  In the global markets, gold fell on account of the dollar’s rise against […]

Singapore: STI Index (.STI) possible trade talk friction

Singapore: STI Index (.STI) possible trade talk friction

Singapore: STI Index (.STI) possible trade talk friction Most Southeast Asian stock markets fell on Wednesday as signs suggesting possible hurdles in U.S.-China trade talks curbed risk sentiment, while anticipation of the U.S. Federal Reserve policy decision also kept investors on the sidelines. Bloomberg had reported that negotiators in the U.S. were concerned that China […]

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers GBP/USD is steady in the Tuesday session. In the North American session, the pair is trading at 1.3265, down 0.09% on the day. There are no major U.S. events on the schedule. British employment numbers were mixed. On Wednesday, the U.K. releases a host of inflation […]

Gold 1 OZ (XAU=X) rallies on slower US growth forecast

Gold 1 OZ (XAU=X) rallies on slower US growth forecast

Gold 1 OZ (XAU=X) rallies on slower US growth forecast Gold prices moved higher on Tuesday, as the dollar weakened despite rising US yields. The EUR/USD whipsawed higher, despite a mixed ZEW survey which showed that future conditions are expected to get better. The CNBC Fed survey for March shows weaker global growth pointing to […]

Facebook, Inc. (NASDAQ:FB) most bearish it’s been since 2013

Facebook, Inc. (NASDAQ:FB) most bearish it’s been since 2013

Facebook, Inc. (NASDAQ:FB) most bearish it’s been since 2013 Facebook stock is now about 27 percent lower than its July all-time high, and Street sentiment — as measured by the number of hold and sell ratings — is the most bearish it’s been since 2013, based on FactSet estimates.  While growing skepticism can sometimes be a […]

NASDAQ Composite (.IXIC) gives up gains on news of troubled trade talks

NASDAQ Composite (.IXIC) gives up gains on news of troubled trade talks

NASDAQ Composite (.IXIC) gives up gains on news of troubled trade talks The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three […]

Tesla, Inc. (NASDAQ:TSLA) Elon Musk’s dispute with the SEC is an “overhang” on the stock

Tesla, Inc. (NASDAQ:TSLA) Elon Musk’s dispute with the SEC is an “overhang” on the stock

Tesla, Inc. (NASDAQ:TSLA) Elon Musk’s dispute with the SEC is an “overhang” on the stock Tesla CEO Elon Musk’s habit of sparring with federal securities regulators is making Wall Street nervous. Tesla shares seesawed Tuesday, falling by as much as 2.2 percent before recovering, hours after the Securities and Exchange Commission doubled down on its allegation that Musk “blatantly […]

Twitter, Inc. (NYSE:TWTR) Clean Up Strategy Makes It A Winner

Twitter, Inc. (NYSE:TWTR) Clean Up Strategy Makes It A Winner

Twitter, Inc. (NYSE:TWTR) Clean Up Strategy Makes It A Winner Twitter (NYSE:TWTR) had a remarkable run last year. In the face of extreme negativity about social media stocks, the company outperformed its main rival Facebook (NASDAQ:FB), gaining 20% as Facebook plunged 26%. But that period of outperformance is losing its steam. After last year’s rally, […]

Forget streaming full games, Apple Inc. (NASDAQ:AAPL) wants to curate highlights as they’re happening

Forget streaming full games, Apple Inc. (NASDAQ:AAPL) wants to curate highlights as they’re happening

Forget streaming full games, Apple Inc. (NASDAQ:AAPL) wants to curate highlights as they’re happening If Apple Inc. gets its way, you might never miss a sports highlight again. According to a report published Tuesday by Sports Illustrated, the tech giant has a team of a dozen workers constantly watching a variety of sports — in […]

Bitcoin: USD/BTC (BTC=X) Still in Correction Mode

Bitcoin: USD/BTC (BTC=X) Still in Correction Mode

Bitcoin: USD/BTC (BTC=X) Still in Correction Mode Bitcoin is still consolidating after its recent test of the ascending channel resistance, keeping the correction going. Price seems to have bounced off the 38.2% Fibonacci retracement level but might still be due for a larger dip. The 100 SMA is above the longer-term 200 SMA to indicate […]

Amazon.com, Inc. (NASDAQ:AMZN) new grocery stores will be a positive catalyst for AMZN stock

Amazon.com, Inc. (NASDAQ:AMZN) new grocery stores will be a positive catalyst for AMZN stock

Amazon.com, Inc. (NASDAQ:AMZN) new grocery stores will be a positive catalyst for AMZN stock When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good. And over the last year […]

United States Oil (USO) prices touch 2019 highs, supported by OPEC

United States Oil (USO) prices touch 2019 highs, supported by OPEC

United States Oil (USO) prices touch 2019 highs, supported by OPEC Oil prices were little changed after hitting 2019 highs on Tuesday, maintaining recent strength on the back of expectations for OPEC to continue production cuts. U.S. oil prices have climbed 9 percent in the last six weeks, as the supply cuts are now expected to continue […]

Dow Jones Industrial Average (.DJI) investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations

Dow Jones Industrial Average (.DJI) investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations

Dow Jones Industrial Average (.DJI) investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations The Dow Jones Industrial Average closed lower for the first time in five days on Tuesday, led by declines in Apple, while investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations. The 30-stock Dow fell 26.72 points […]

Alphabet Inc. (NASDAQ:GOOG) confirmed the firm won a deal for its game streaming platform

Alphabet Inc. (NASDAQ:GOOG) confirmed the firm won a deal for its game streaming platform

Alphabet Inc. (NASDAQ:GOOG) confirmed the firm won a deal for its game streaming platform Advanced Micro Devices spiked 11.8 percent Tuesday after Google confirmed the firm won a deal for its game streaming platform. Google unveiled the platform in an event Tuesday, where it shared its plans for a new gaming service called Stadia. The rally brought AMD’s market cap […]

Netflix, Inc. (NASDAQ:NFLX) Execs Welcome Competition From Apple

Netflix, Inc. (NASDAQ:NFLX) Execs Welcome Competition From Apple

Netflix, Inc. (NASDAQ:NFLX) Execs Welcome Competition From Apple On the surface, the comment sounded amiable enough. At a press event Monday, Netflix (NASDAQ:NFLX) CEO Reed Hastings said that while “Apple (NASDAQ:AAPL) is a great company…we prefer to let our customers watch our content on our service. We have chosen not to integrate with their service.” […]

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers RBA’s pessimism and soft housing market data couldn’t disappoint Aussie buyers as risk sentiment remains strong. 0.7130/35 comprising 50-day SMA acts as immediate resistance contrast to 0.7050 support. The Australian Dollar (AUD) is taking the bids around 0.7100 versus the US Dollar (USD) during early Tuesday. […]

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar Gold futures are trading marginally higher on Monday as investors respond to a slightly weaker U.S. Dollar. Volume is low, however, as many major players are taking to the sidelines ahead of the start of the Fed’s two-day meeting which begins […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report The financial markets exhibited thin volatility in the wake of a national holiday in the United States. Well, the traders are back and the economic calendar is also loaded with some high impact economic events. Most of the focus will remain on […]

Hong Kong: HANG SENG INDEX (.HSI) awaiting Fed meeting

Hong Kong: HANG SENG INDEX (.HSI) awaiting Fed meeting

Hong Kong: HANG SENG INDEX (.HSI) awaiting Fed meeting Shares in Asia mostly traded lower on Tuesday afternoon, ahead of a closely watched meeting by the U.S. Federal Reserve set to kick off later in the day stateside. Mainland Chinese shares ended the morning session mostly lower, with the Shanghai composite slipping 0.22 percent and the Shenzhen component declining […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]

Alphabet Inc. (NASDAQ:GOOG) reported earnings don’t tell the whole story

Alphabet Inc. (NASDAQ:GOOG) reported earnings don’t tell the whole story

Alphabet Inc. (NASDAQ:GOOG) reported earnings don’t tell the whole story Unlike most large-cap public companies, Alphabet (NASDAQ:GOOG,GOOGL), more commonly referred to as Google, doesn’t report adjusted earnings. That’s not necessarily a problem for Google stock — even as it trades at a five-month high. But understanding the actual underlying business is key to understanding GOOGL […]

Singapore: STI Index (.STI) traders await central bank meetings

Singapore: STI Index (.STI) traders await central bank meetings

Singapore: STI Index (.STI) traders await central bank meetings Asian equities drifted Tuesday as traders awaited central bank meetings amid expectations of dovish signals to monetary policy. The dollar steadied after its recent decline. Stocks posted modest losses in Japan and China and were little changed in Australia and Hong Kong. U.S. futures were little […]

Silver 1 OZ 999 NY (XAG=X) showing signs of life again

Silver 1 OZ 999 NY (XAG=X) showing signs of life again

Silver 1 OZ 999 NY (XAG=X) showing signs of life again The silver market initially pulled back during the trading session on Monday but found buyers to push higher as the market has seen plenty of volatility in this market, as we continue to see a lot of questions about the Federal Reserve and what […]

Shanghai: SSE Composite Index (.SSEC) shares edge lower on profit-taking

Shanghai: SSE Composite Index (.SSEC) shares edge lower on profit-taking

Shanghai: SSE Composite Index (.SSEC) shares edge lower on profit-taking China’s main stock indexes ended lower on Tuesday, pulling back from near 6-1/2-month highs in the previous session, on profit taking, but losses were limited by hopes for continued government support for the economy and a dovish U.S. Fed. The Shanghai Composite index fell 0.18 […]

The New Fox Debuts on NASDAQ

The New Fox Debuts on NASDAQ

$FOX, $FOXA, $DIS Fox Corp. debuted on the NAS Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71-B sale of Twenty-First Century Fox Inc.’s film and television assets to Walt Disney Co (NYSE:DIS) The company appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of F1 Group Chase Carey […]

Amazon.com, Inc. (NASDAQ:AMZN) stock has been relatively weak in 2019, but investors shouldn’t worry about AMZN too much

Amazon.com, Inc. (NASDAQ:AMZN) stock has been relatively weak in 2019, but investors shouldn’t worry about AMZN too much

Amazon.com, Inc. (NASDAQ:AMZN) stock has been relatively weak in 2019, but investors shouldn’t worry about AMZN too much Amid the big, broad rally in tech stocks in 2019, one not-so-insignificant factoid that has been largely swept under the rug is that the godfather of all tech stocks, Amazon (NASDAQ:AMZN), has actually been a laggard this year. […]

Facebook, Inc. (NASDAQ:FB) falls after concerns that a shift in company direction and executive departures will negatively impact its valuation

Facebook, Inc. (NASDAQ:FB) falls after concerns that a shift in company direction and executive departures will negatively impact its valuation

Facebook, Inc. (NASDAQ:FB) falls after concerns that a shift in company direction and executive departures will negatively impact its valuation Facebook stock fell Monday as a Wall Street analyst downgraded the social networking giant on concerns that a shift in company direction and executive departures will negatively impact its valuation. Facebook stock fell 3.3%, closing […]

Tesla, Inc. (NASDAQ:TSLA) shares have taken a wrong turn

Tesla, Inc. (NASDAQ:TSLA) shares have taken a wrong turn

Tesla, Inc. (NASDAQ:TSLA) shares have taken a wrong turn Tesla shares have taken a wrong turn. The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017. One technical analyst […]

Apple Inc. (NASDAQ:AAPL) decline fueled by slowing iPhone sales

Apple Inc. (NASDAQ:AAPL) decline fueled by slowing iPhone sales

Apple Inc. (NASDAQ:AAPL) decline fueled by slowing iPhone sales Apple suffered one of the hardest hits among the FAANG grouping, dropping 38% from its peak last October to a low of $141 just after the new year. The decline was fueled by slowing iPhone sales, the ongoing contraction in Chinese consumer demand, and concerns over […]

Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr”

Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr”

Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr” Twitter is testing a plethora of features on its Beta app “twttr”, in a bid to improve the design of a conversation and make the application more interactive. The company launched the prototype app to test new ideas and get feedback from […]

Dow Jones Industrial Average (.DJI) shakes off Boeing woes

Dow Jones Industrial Average (.DJI) shakes off Boeing woes

Dow Jones Industrial Average (.DJI) shakes off Boeing woes U.S. stocks closed modestly higher Monday, as investors prepared for a meeting of Federal Reserve policy makers to begin Tuesday, while losses for aircraft maker Boeing again dragged on the Dow Jones Industrial Average but didn’t stop the blue-chip gauge from scoring its fourth straight gain. […]

NASDAQ Composite (.IXIC) tech stocks helped lead Wall Street higher

NASDAQ Composite (.IXIC) tech stocks helped lead Wall Street higher

NASDAQ Composite (.IXIC) tech stocks helped lead Wall Street higher Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s U.S. Federal Reserve meeting for affirmation of its commitment to “patient” monetary policy. Following the S&P 500’s best week since November, the benchmark index ended […]

Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin

Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin

Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin The largest cryptocurrency in the market, Bitcoin [BTC], saw the bull make an entry and lift the coin’s prices. However, this was a short-lived trend as the coin fell in the past hour, at the time of writing. The token was valued at […]

Microsoft Corporation (NASDAQ:MSFT) riding a 7th-straight gain toward a 2nd-straight record close

Microsoft Corporation (NASDAQ:MSFT) riding a 7th-straight gain toward a 2nd-straight record close

Microsoft Corporation (NASDAQ:MSFT) riding a 7th-straight gain toward a 2nd-straight record close Shares of Microsoft Corp. MSFT, +1.43% rose 0.8% in afternoon trade Monday, putting them on track for a 7th-straight gain toward a 2nd-straight record close. The win streak would be the longest since it rose for 8-straight sessions as of Aug. 9, 2018. […]

The Boeing Company (NYSE:BA) Company engineers cleared equipment at center of crash probe

The Boeing Company (NYSE:BA) Company engineers cleared equipment at center of crash probe

The Boeing Company (NYSE:BA) Company engineers cleared equipment at center of crash probe U.S. federal authorities began exploring a criminal investigation of how Boeing Co.’s 737 Max was certified to fly passengers before the latest crash in Ethiopia involving the new jet, according to people familiar with the probe. The investigation was prompted by information […]

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains

Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains Alibaba closed at $181.83 in the latest trading session, marking a +0.48% move from the prior day. This change outpaced the S&P 500’s 0.37% gain on the day. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.34%. Prior to today’s trading, […]

United States Oil (USO) prices hover near 2019 highs

United States Oil (USO) prices hover near 2019 highs

United States Oil (USO) prices hover near 2019 highs Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by rising American output. U.S. West Texas Intermediate (WTI) futures were down four cents […]

Singapore: STI Index (.STI) busy week ahead as central banks make monetary policy decisions

Singapore: STI Index (.STI) busy week ahead as central banks make monetary policy decisions

Singapore: STI Index (.STI) busy week ahead as central banks make monetary policy decisions It is going to be a busy week ahead as central banks make monetary policy decisions and more economic data is released. Markets’ performance last week was affected somewhat by Brexit developments and the outcomes from China’s National People’s Congress. But […]

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles GBP/USD climbed higher and settled above the 1.3210 resistance level. USD/CAD corrected higher, but it failed to break the key 1.3370 resistance area and later declined. Important Takeaways for GBP/USD and USD/CAD The British Pound gained bullish momentum and traded above the 1.3200 resistance area. There is a […]

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60 Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while […]

Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues

Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues

Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues This week precious metals traders will be monitoring the tone in the U.S. dollar ahead of a Federal Reserve meeting expected to shed more light on the outlook for U.S. interest rate hikes this year. The Fed is widely expected to keep monetary […]

Shanghai: SSE Composite Index (.SSEC) stocks higher, blue-chip CSI300 index up

Shanghai: SSE Composite Index (.SSEC) stocks higher, blue-chip CSI300 index up

Shanghai: SSE Composite Index (.SSEC) stocks higher, blue-chip CSI300 index up China’s major stock indexes closed near their 6-1/2-month highs on Monday, as sentiment was bolstered by high expectations of the U.S. Federal Reserve taking a dovish stance at its policy meeting this week and Beijing’s policy boost for growth. At the close, the blue-chip […]

Hong Kong: HANG SENG INDEX (.HSI) stocks tracked the mainland Chinese markets higher

Hong Kong: HANG SENG INDEX (.HSI) stocks tracked the mainland Chinese markets higher

Hong Kong: HANG SENG INDEX (.HSI) stocks tracked the mainland Chinese markets higher Hong Kong stocks tracked the mainland Chinese markets higher on Monday and closed at a nine-month peak, buoyed by expectations of the U.S. Federal Reserve taking a dovish stance at its policy meeting this week and Beijing rolling out more policy measures […]

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight The Australian and New Zealand Dollars finished higher last week on relatively low volatility. In the absence of major economic releases and central bank activity, traders had to rely on outside influences such as Brexit, U.S.-China trade relations and Chinese stimulus measures. Mixed U.S. economic […]

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14. The exchange rate tested a resistance […]

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends The Pound-to-Dollar rate is to begin trading around 1.3285 Sunday after rising more than 2.0% in the previous week, although the exchange rate still has further to climb over the coming days, according to technical studies of charts. The pair rose after the UK Parliament […]

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel The USD/JPY bullish break could see price move towards the top of the bullish channel and the Fibonacci targets of wave 5 vs 1+3. This breakout could be part of an impulsive third wave (purple) whereas a bearish breakout could indicate a pauze […]

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities Since trading session opened for the week in Pacific-Asian market hours, the pair has managed to hold on to steady upside price action and moved well near last week’s highs as the spread difference between 2-year US-Germany government bond yields […]

Facebook, Inc. (NASDAQ:FB) a modest earnings multiple creates an attractive risk-reward skew for investors

Facebook, Inc. (NASDAQ:FB) a modest earnings multiple creates an attractive risk-reward skew for investors

Facebook, Inc. (NASDAQ:FB) a modest earnings multiple creates an attractive risk-reward skew for investors Facebook (NASDAQ:FB) has become one of the world’s most-criticized companies and one of the most controversial stocks on Wall Street over the past year. Yet despite the negative headlines and commentary, FB stock has been extremely resilient. The Facebook bear case is all about […]

Dow Jones Industrial Average (.DJI) edge higher after Asia gains

Dow Jones Industrial Average (.DJI) edge higher after Asia gains

Dow Jones Industrial Average (.DJI) edge higher after Asia gains Global stocks advanced to kick off a week filled with potentially significant catalysts from central bank meetings, geopolitical developments and economic data. Treasuries edged lower. The Stoxx Europe 600 climbed, led higher by miners and lenders as Deutsche Bank AG and Commerzbank AG jumped after […]

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar In the weekly analysis, we saw a nice upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $4,020 level and traded towards the $4,040 level. A high was formed at $4,041 […]

United States Oil (USO) price gains have been limited by concerns that an economic slowdown

United States Oil (USO) price gains have been limited by concerns that an economic slowdown

United States Oil (USO) price gains have been limited by concerns that an economic slowdown US crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust US production put a brake on prices. West Texas Intermediate (WTI) crude oil futures were […]

Tesla, Inc. (NASDAQ:TSLA) Model Y unveiling by CEO Elon Musk failed to wow Wall Street

Tesla, Inc. (NASDAQ:TSLA) Model Y unveiling by CEO Elon Musk failed to wow Wall Street

Tesla, Inc. (NASDAQ:TSLA) Model Y unveiling by CEO Elon Musk failed to wow Wall Street The Tesla Model Y unveiling by CEO Elon Musk failed to wow Wall Street, with Tesla tumbling in Friday’s stock market. But setting aside the Model Y and all the drama surrounding the luxury electric vehicle maker, Tesla stock has […]

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week GBP/USD posted huge gains last week, climbing 2.2 percent. It promises to be a busy week. The U.K. releases CPI and retail sales, and parliament will hold another vote over Brexit. Central banks will also be in focus, with the BoE and Federal Reserve expected […]

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral USD/CAD dropped to 1.3289 last week but drew support from 55 day EMA and recovered. Initial bias is neutral this week first. On the upside, break of 1.3371 minor resistance will suggest that pull back from 1.3467 has completed. That will also revive the bullish case that rise […]

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week AUD/USD stayed in consolidation above 0.7003 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another recovery, upside should be limited by 0.7121 minor resistance to bring fall resumption. On the downside, break of 0.7003 will resume the fall […]

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances The market started on a bearish note last week after a two-week decline but rebounded to close marginally higher on bargain hunting. Shayne Heffernan said “don’t be too quick to write off China, the new reforms in Beijing should see a boost […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation USD/JPY rebounded further last week but was held below 112.13 resistance. Initial bias remains neutral this week for some more consolidation. But still, as long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 continued last week despite lost of upside momentum. No change in the view that it’s a corrective move. Hence, in case of another rise, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1277 […]

Dollar General Corporation (NYSE:DG) Earnings Fall Short

Dollar General Corporation (NYSE:DG) Earnings Fall Short

Dollar General Corporation (NYSE:DG) Earnings Fall Short Dollar General (DG) reported weaker-than-expected earnings for the fourth quarter though revenue and same-store sales topped views. Dollar General earnings guidance also was light. Dollar General stock tumbled below a buy point. Shayne Heffernan said “you know things are good when bottom end retailers are suffering” Dollar General Earnings […]

Facebook, Inc. (NASDAQ:FB) stock fell two executives were leaving, unexplained outage

Facebook, Inc. (NASDAQ:FB) stock fell  two executives were leaving, unexplained outage

Facebook, Inc. (NASDAQ:FB) stock fell following an announcement that two executives were leaving the company In a post on Facebook, Chief Executive Mark Zuckerberg announced that the company’s Chief Product Officer, Chris Cox, has resigned. Zuckerberg also announced that Chris Daniels, vice president of the Facebook messaging app WhatsApp, is also leaving. Shayne Heffernan said ” the […]

Apple Inc. (NASDAQ:AAPL) iPhone Dependent

Apple Inc. (NASDAQ:AAPL)  iPhone Dependent

Apple Inc. (NASDAQ:AAPL) firm says the iPhone business remains a strong driver for the stock Add Cowen to a list of Apple bulls as analysts there see the steady iPhone business driving the stock another 20 percent higher. Cowen initiated coverage on Apple with an outperform rating and $220 12-month price target. The firm said the iPhone […]

Federal National Mortgage Association (OTC:FNMA) Can Go Higher

Federal National Mortgage Association (OTC:FNMA) Can Go Higher

Federal National Mortgage Association (OTC:FNMA) Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.30. The projected lower bound is: 2.27. The projected closing price is: 2.78. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

United States Oil (USO) recent data revealed a weekly decline in domestic supplies

United States Oil (USO) recent data revealed a weekly decline in domestic supplies

United States Oil (USO) recent data revealed a weekly decline in domestic supplies Oil futures split ways on Thursday, with U.S. prices up a fourth straight session after recent data revealed a weekly decline in domestic supplies, but global prices ending lower in the wake of a reported delay in the U.S.-China trade discussions and […]

The Boeing Company (NYSE:BA) paused delivery of 737 Max airplanes

The Boeing Company (NYSE:BA) paused delivery of 737 Max airplanes

The Boeing Company (NYSE:BA) paused delivery of 737 Max airplanes Boeing has paused delivery of 737 Max airplanes due to the temporary grounding by the Federal Aviation Administration, the company announced Thursday. “We continue to build 737 Max airplanes, while assessing how the situation, including potential capacity constraints, will impact our production system,” the company said. […]

Alphabet Inc. (NASDAQ:GOOG) aims for the clouds

Alphabet Inc. (NASDAQ:GOOG) aims for the clouds

Alphabet Inc. (NASDAQ:GOOG) aims to leverage its parent’s cloud-computing platform Chronicle — the security startup spawned by Google-owner Alphabet (GOOGL) — aims to leverage its parent’s cloud-computing platform. Customers can set up “private clouds” storing their security data. Like sibling Google, Chronicle will use artificial-intelligence tools to analyze huge amounts of data. Shayne Heffernan said “the next battle in the […]

Dow Jones Industrial Average (.DJI) What Next?

Dow Jones Industrial Average (.DJI) What Next?

Dow Jones Industrial Average (.DJI) holding close to break even Stocks ended mixed Thursday as the three major stock indexes reacted to reports on stalled trade talks with China. President Trump had said he was no rush to complete a trade pact with China, but on Thursday both he and Treasury Secretary Steven Mnuchin said that discussions […]

NASDAQ Composite (.IXIC) United States and China Provide Mixed Signals

NASDAQ Composite (.IXIC) United States and China Provide Mixed Signals

NASDAQ Composite (.IXIC) mixed as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment U.S. stocks flitted between gains and losses on Thursday as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment. Wall Street’s main indexes briefly moved […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

$AAPL, $TEAM, $GIS, $HLT, $MA, $MSFT, $NTRS, $CRM Daily HeffX-LTN reviews dozens of  the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Friday as follows: Apple Inc. (NASDAQ:AAPL) was started with […]

LifeApps Brands Inc. (OTC:LFAP) Will Trade Over 20c

LifeApps Brands Inc. (OTC:LFAP) Will Trade Over 20c

LifeApps Brands Inc. (OTC:LFAP) Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.05. The projected upper bound is: 0.22. The projected lower bound is: 0.10. The projected closing price is: 0.16. Candlesticks A black body occurred […]

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y Tesla shares were up 1% Thursday as investors anticipated the rollout of the Model Y, a sports-utility-vehicle crossover which will share 75% of its parts with the Model 3.The unveiling event is set for 8 p.m. PT at the electric-car maker’s design center […]

Tianci International, Inc. (OTC:CIIT) Short Squeeze

Tianci International, Inc. (OTC:CIIT) Short Squeeze

Tianci International, Inc. (OTC:CIIT) Overall, the bias in prices is: Upwards. The projected upper bound is: 2.60. The projected lower bound is: 0.92. The projected closing price is: 1.31. Candlesticks During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past […]

Toga Limited (OTC:TOGL) on Way to $1

Toga Limited (OTC:TOGL) on Way to $1

Toga Limited (OTC:TOGL) Overall, the bias in prices is: Upwards By the way, prices are vulnerable to a correction towards 0.85. The projected upper bound is: 1.92. The projected lower bound is: 0.73. The projected closing price is: 0.82. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they […]

NaturalShrimp Incorporated (OTC:SHMP) $1 Still Possible

NaturalShrimp Incorporated (OTC:SHMP) $1 Still Possible

NaturalShrimp Incorporated (OTC:SHMP) Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.53. The projected lower bound is: 0.15. The projected closing price is: 0.29. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, […]

YBCC, Inc. (OTC:YBAO) Expect Action Soon

YBCC, Inc. (OTC:YBAO) Expect Action Soon

YBCC, Inc. (OTC:YBAO) Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.42. The projected lower bound is: 0.15. The projected closing price is: 0.24. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert will be invalid (including the alerts, symbols, and this […]

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias Bitcoin’s struggle for direction continues amid growing signs of a bull reversal in alternative cryptocurrencies. The leading cryptocurrency by market value is trapped in the range of $3,800 to $3,900 for a ninth straight day, contradicting the quick move toward the recent high of $4,190 suggested by the […]

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently UK lawmakers have voted to hypothetically take a ‘no deal’ Brexit off the table ‘for ever’ in a night of bruising losses for the government in the House of Commons that corresponded with another sharp rally in the value of the […]

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327 Renewed concerns over Brexit are putting pressure on the Euro shortly after the U.S. opening. Earlier in the session, the single-currency hit its highest level since March 5, but there was no follow-through to the upside as traders began to square positions after the latest […]

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time It has been an eventful month for the Australian economy, with GDP and other key data surprising to the downside, and interest rate expectations shifting. Regardless, at USD0.7094, the Australian dollar is unchanged from USD0.7093 when our February Market Outlook went […]

Hong Kong: HANG SENG INDEX (.HSI) China reported stronger-than-expected investment in its slowing economy

Hong Kong: HANG SENG INDEX (.HSI) China reported stronger-than-expected investment in its slowing economy

Hong Kong: HANG SENG INDEX (.HSI) China reported stronger-than-expected investment in its slowing economy Hong Kong stocks edged higher on Thursday after China reported stronger-than-expected investment in its slowing economy, but a weaker industrial output growth limited the gains. The Hang Seng index ended 0.2 percent higher at 28,851.39 points. The Hang Seng China Enterprises […]

New Zealand Dollar: NZD/USD (NZD=X) Tests Support

New Zealand Dollar: NZD/USD (NZD=X) Tests Support

New Zealand Dollar: NZD/USD (NZD=X) Tests Support The New Zealand Dollar has declined about 0.86% against the US Dollar during the last 24 hours. A breakout occurred through the lower boundary of a junior ascending channel pattern during Thursday’s trading session. Given that a breakout had occurred, it is likely that the currency exchange rate […]

Shanghai: SSE Composite Index (.SSEC) Trade uncertainty remains as Trump ‘in no rush’ for deal with China

Shanghai: SSE Composite Index (.SSEC) Trade uncertainty remains as Trump ‘in no rush’ for deal with China

Shanghai: SSE Composite Index (.SSEC) Trade uncertainty remains as Trump ‘in no rush’ for deal with China Shares in China ended lower for a second consecutive session on Thursday after data underscored concerns about slowing growth in the world’s second-largest economy, amid ongoing uncertainty over a deal to end the Sino-U.S. trade dispute. At the […]

Waiting game drives Singapore: STI Index (.STI) down

Waiting game drives Singapore: STI Index (.STI)  down

Waiting game drives Singapore: STI Index (.STI) down Investors here and across the region went back into their shells yesterday after Tuesday’s gains to await some key data expected out of China today. The numbers from Beijing include industrial production, retail sales and foreign direct investment levels, which will all throw light on the state […]

Silver 1 OZ 999 NY (XAG=X) at the 50% Fibonacci retracement level

Silver 1 OZ 999 NY (XAG=X) at the 50% Fibonacci retracement level

Silver 1 OZ 999 NY (XAG=X) at the 50% Fibonacci retracement level Silver markets initially rallied during the trading session on Wednesday, showing signs of exhaustion. By forming a bit of a shooting star, that is a very negative sign for traders, and it’s likely that the $15.60 level is going to continue to cause a […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk The Dollar/Yen is trading higher on Thursday, reversing yesterday’s weakness. Increased demand for risk is helping to dampen the Japanese Yen’s appeal as a safe-haven asset and rising U.S. Treasury yields are making the U.S. Dollar a more attractive investment. The move are being fueled by positive […]

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices Gold prices moved higher on Thursday pushing through resistance which is now support seen near the 50-day moving average at 1,303. Additional support is seen near the 10-day moving average at 1,295. Resistance is seen near a downward sloping trend line that connects the highs in April of […]

Nick Leeson on the Trading Day Ahead

Nick Leeson on the Trading Day Ahead

Nick Leeson on Indicies Drift Asian markets are little changed overnight as Global equity indices look set to drift this morning. The FTSE is called two points higher whilst the DAX is currently forecasted to shed 6 points at the opening bell. The DOW closed higher yesterday even after the US Federal Aviation Authority followed […]

Tesla, Inc. (NASDAQ:TSLA) believes this new vehicle will sell in even higher volumes than the Model 3

Tesla, Inc. (NASDAQ:TSLA) believes this new vehicle will sell in even higher volumes than the Model 3

Tesla, Inc. (NASDAQ:TSLA) believes this new vehicle will sell in even higher volumes than the Model 3 Now that Tesla (NASDAQ:TSLA) is finally selling its Model 3 in mass-market volumes and at its long-awaited $35,000 starting price, the company is moving on to its next big product: its Model Y SUV. Tesla CEO Elon Musk said last week […]

The long-term case for BABA stock is becoming questionable as Alibaba Group Holding Limited (NYSE:BABA) Cloud faces challenges

The long-term case for BABA stock is becoming questionable as Alibaba Group Holding Limited (NYSE:BABA) Cloud faces challenges

The long-term case for BABA stock is becoming questionable as Alibaba Group Holding Limited (NYSE:BABA) Cloud faces challenges In the past few quarters, Alibaba (NYSE:BABA) has shown good growth numbers from its cloud segment. In the recent quarter, Alibaba reported $962 million of revenue in cloud computing with year-on-year growth of 84%. This is a highly […]

NASDAQ Composite (.IXIC) Tech Stocks Lead US Markets Higher

NASDAQ Composite (.IXIC) Tech Stocks Lead US Markets Higher

NASDAQ Composite (.IXIC) Tech Stocks Lead US Markets Higher US stocks rallied Wednesday, led by strength in the technology sector as the Nasdaq Composite Index outperformed the rest of the market’s major indexes. Boeing ( BA ) was little changed at midday as the aerospace giant tries to recover from the heavy losses from the previous two […]

Dow Jones Industrial Average (.DJI) Boeing Shows Resilience; Apple Looks To Extend Rally

Dow Jones Industrial Average (.DJI) Boeing Shows Resilience; Apple Looks To Extend Rally

Dow Jones Industrial Average (.DJI) Boeing Shows Resilience; Apple Looks To Extend Rally Boeing wrestled to a 0.8% advance, showing resilience as news reports suggested the fallout from Sunday’s Ethiopian Airways crash could affect Boeing’s order backlog. Similarities between the crash near Addis Ababa that killed 157 persons and Indonesia’s Lion Air crash in October have […]

Amazon.com, Inc. (NASDAQ:AMZN) expanding its digital advertising business and currently sits in third place in the U.S.

Amazon.com, Inc. (NASDAQ:AMZN) expanding its digital advertising business and currently sits in third place in the U.S.

Amazon.com, Inc. (NASDAQ:AMZN) expanding its digital advertising business and currently sits in third place in the U.S. Amazon AMZN shares have climbed roughly 13% to start the year, which tops the market’s comeback, but falls way behind fellow FAANG giants Facebook FB and Netflix NFLX . Therefore, Amazon stock still rests over 17% below its 52-week […]

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices Brent crude oil prices on Thursday hit their highest so far this year, pushed up by ongoing supply cuts led by OPEC and by U.S. sanctions against Venezuela and Iran. Brent was still at $67.75 per barrel at 0244 GMT, […]

Technical Indicator Shows That Bitcoin: USD/BTC (BTC=X) Slight Upwards Momentum is Slowing

Technical Indicator Shows That Bitcoin: USD/BTC (BTC=X) Slight Upwards Momentum is Slowing

Technical Indicator Shows That Bitcoin: USD/BTC (BTC=X) Slight Upwards Momentum is Slowing Although Bitcoin has established some levels of stability around its current price of $3,900 for the past several weeks and volatility has been steadily decreasing, as a recent Bloomberg report points out, Bitcoin’s Moving Average Convergence Divergence indicator has been declining since mid-February, which may […]

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