Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]
Looking for a Major Bottom in Gold $GLD, $USD Shayne and I do not believe that the weakness in Gold and gold mining stocks is over, the outlook is that another Southside leg getting underway. Should that happen, we are positioned to profit from it. Long-term investors, traders, and speculators should be aware of the […]
Use Your Diet to Combat Air Pollution Pollution is the “largest environmental cause of disease and premature death in the world today,” according to research published in The Lancet recently. The study revealed that 9-M premature deaths were caused by pollution in Y 2015, which is 16% of deaths worldwide. What’s more, among the pollution-related […]
Pink Diamond Hammers for $50-M+ a World Record $BID Christie’s Geneva sold the “Pink Legacy” diamond at auction Tuesday for more than $50-M including fees, saying it is a new world record price per carat for a pink diamond. Christie’s said that renowned jeweler Harry Winston was the buyer. The auction house had expected to […]
Ferrari’s (NYSE:RACE) 812 Superfast V-12 Looks Back to its Roots $RACE Ferrari (NYSE:RACE) got its start building 2-seat sports GTs with V12s in the front. With ladder chassis, live rear axles, and drum brakes, they were not the most technically advanced, but they were fast, durable and beautiful, I owned a 1952 250GTE by Pinninfarina, […]
Crude Oil Dives, Energy Stocks Weight on Broad Market $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX The S&P 500 closed Tuesday with a loss of 0.2%. The benchmark index climbed as high as 1.0% on news from the White House of US-China trade negotiations being back on, but energy stocks eventually led the broader market South […]
Shanghai: SSE Composite Index (.SSEC) signs of fresh trade talks between Beijing and Washington China stocks closed higher for a second straight session on Tuesday, supported by expectation of further policy support, signs of fresh trade talks between Beijing and Washington, and gains in consumer scrips. The Shanghai Composite index climbed 0.9 percent and the […]
British Pound: USD/GBP (GBP=X) still under pressure GBP/USD created a new lower high last week, and further declines will target $1.2773. A bounce from intraday oversold conditions needs to clear $1.295 to suggest more near-term upside. A failure to push above here would bring out more selling pressure, and below $1.2827, Monday’s low. The price heads […]
GOLD 1 OZ (XAU=X) Support at $1,190.00 Technically, the gold bears have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at $1,225.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at […]
Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth Australia’s stock market has taken a hit after fears of a slowdown in global growth and demand slashed the price of big-name US technology stocks. The benchmark S&P/ASX 200 index had fallen by more than 100 points or 1.8 per cent […]
Australian Dollar: USD/AUD (AUD=X) trade tensions ease again The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders […]
SILVER 1 OZ 999 NY (XAG=X) fell to a two-month low today Gold and silver prices recouped mild early losses to trade around unchanged levels on the day, in early-afternoon dealings Tuesday. Gold hit another four-week low below $1,200.00 overnight. The silver market fell to a two-month low today. Precious metals were somewhat supported when […]
Singapore: STI Index (.STI) volatility is back In a year full of debate on whether stocks have peaked, one thing’s clear: volatility is back. Tuesday’s trading showed that in spades, with Japan’s Nikkei 225 Stock Average sliding 3.5% at one point before paring to close 2.1% lower. China’s Shanghai Composite quickly erased its earlier 1.3% […]
Japanese Yen: USD/JPY (JPY=X) keeps on rallying The ascent of USD/JPY continues, consolidating above ¥114.00 and on course to target the ¥114.50 area seen at the beginning of October. Dips have been firmly bought over the past few days, so we would need to see a move below ¥113.00 to suggest some near-term weakness. Overall, the bias […]
Hong Kong: HANG SENG INDEX (.HSI) Investors buy on trade optimism, but long-term interest lacking Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets. The Hang Seng index gained 0.6 percent to 25792.87 and […]
Euro: USD/EUR (EUR=X) bounce falters EUR/USD has plumbed to a new low, continuing its extended downtrend and heading towards possible support at $1.111. A rally will target $1.13, previous key support, while above this the November high at $1.15 comes into play. Having rallied from oversold intraday conditions, it will be important to watch the $1.126 […]
NY-T’s Story on Secret NKorean Missile Sites is ‘Fake News’ Tune out the Noise! US President Donald Trump lashed out at The New York Times calling its report about NKorean secret missile bases “inaccurate.” “The story in the New York Times concerning NKorea developing missile bases is inaccurate,” President Trump posted on Twitter. “We fully know about the sites […]
The Pressure is on for Democrats to Concede Florida Races US President Donald Trump kept up his pressure for the Democrats to concede the Senate race in Florida, despite an automatic recount triggered by a close margin that is mandated by state law. President Trump sent out a Tweet Tuesday stating “When will Bill Nelson concede […]
President Trump Preparing ‘Sweeping’ Infrastructure Plan White House economic adviser Larry Kudlow said Tuesday that President Trump’s administration is looking at a sweeping infrastructure plan. “We are looking at infrastructure in many different ways, I would like to do energy infrastructure. I would like to do pipeline,” the veteran financial guru said. The White House […]
US Preparing ‘Hard Stance’ at Southern Border, Migrants Approach Tuesday, the US government said it was starting work to “harden” the border crossing from Tijuana, Mexico, to prepare for the arrival of a invading migrant caravan leapfrogging its way across western Mexico. Customs and Border Protection announced it was closing four lanes at the busy […]
US China Trade Talks Back On President Donald Trump’s top economic adviser said Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the US and Chinese governments,” National Economic Council Director Larry Kudlow said in a TV […]
What is next for the smartphone, which has become the hottest-selling consumer device around the world in just over a decade? Even as top makers like Apple and Samsung unveil new handsets with new features and improved performance, smartphone sales have flattened with most major markets largely saturated. The next catalyst for smartphones could be […]
Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]
Retail and digital experts, investors, tech experts and 200 CXOs from some of the biggest brands will come together on 21 Nov at Marina Bay Sands, aiming to empower business leaders with the latest business and consumer strategies and uncover how technology is fundamentally transforming the e-commerce, startup and retail ecosystem in Southeast Asia (SEA). […]
Goldman Sachs “cheated” Malaysia, leader Mahathir Mohamad said, after two former bankers from the Wall Street titan were charged over a scandal that allegedly saw billions looted from state coffers. The US Justice Department unveiled criminal charges this month against ex-Goldman bankers Tim Leissner and Ng Chong Hwa, accusing them of working with a Malaysian […]
The Monetary Authority of Singapore (MAS) announced today initiatives to enhance private markets financing channels, including a programme to place up to US$5 billion for management with private equity (PE) and infrastructure fund managers. 2 Mr Peter Ong, MAS Board Member and Chairman of Enterprise Singapore, highlighted the new initiatives at the Global Investor Summit […]
Success Dragon proposes change of company name to ezBlock Capital International Holdings Limited, To reflect diversification into fintech and blockchain Service agreement concluded with Tencent-backed Linklogis for its blockchain-based supply chain financing platform, Followed by purchase of trade receivables through Qianhai Finanical Assets Exchange to tap cross-border fintech opportunities Success Dragon International Holdings Limited (“Success […]
Nothing to Justify Oil Price Rally OPEC on Tuesday trimmed its global oil demand forecasts for this year and next, as kingpin Saudi Arabia tries to cut output to bolster prices in a weakening market. In its latest monthly report covering October, OPEC said demand is expected to increase 1.5 million barrels per day (mbd) […]
Target 150 Nonsurgical Stem Cell Facelift The Target 150 stem cell facelift is a complete facial rejuvenation procedure that does not involve surgery. The procedure avoids any incisions and helps in the lifting of the skin itself. The main function is to restore both the youthful contour and shape of the face. Another goal is […]
Singles Day Sales Proves the Value of V-MORE Chinese e-commerce giant Alibaba has smashed records for its Singles Day, the world’s biggest 24-hour shopping event, despite an ongoing trade war with the US and waning domestic interest in the event. The 2018 edition of the 11/11 Singles Day brought in a record $30.8 billion (213.5 […]
Terry Evans Expanding Tuncurry Stable Local trainer Terry Evans has been busy of late with an influx of new horses and more are on the way. The stable has purchased 2 tried horses at recent sales and has a good cross section of 2yo’s by sires like Sizzling, Cluster and Al Maher. For next year […]
The Street’s Key Stock Analysts Research Reports $CMA, $CROX, $CFR, $DNLI, $FNSR, $IMO, $JBL, $LB, $KORS, $OXY, $OIS, $REGN 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 main […]
Tesla (NASDAQ:TSLA): SEC Closing in, Senior Securities Lawyer Ankles $TSLA Monday, we learned that an experienced securities lawyer is leaving Tesla (NASDAQ:TSLA) just as the company needs the best to help manage the its fraud settlement with US regulators and the DOJ’s criminal probe. Phil Rothenberg, a VP in Tesla’s legal department, will become a […]
NASDAQ Composite (.IXIC) chip stocks hit by weak forecasts The Nasdaq Composite index fell about 2.5 percent on Monday, hit by a slump in Apple Inc shares after two suppliers cut their forecasts, sparking a selloff in other iPhone component makers and weighing on technology stocks. Apple shares fell 4.4 percent to $195.40, their lowest […]
Twitter, Inc. (NYSE:TWTR) generating sharply higher sales and profits Shares of Twitter (NYSE:TWTR) popped 22.1% last month, according to data provided by S&P Global Market Intelligence, after the microblogging specialist reported better-than-expected third-quarter results. So what Twitter’s revenue surged 29% to $758 million despite a 9 million decline in monthly active users, to 326 million. […]
Alphabet Inc. (NASDAQ:GOOG) company’s ad revenue growth is slowing Not all is well in the Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) kingdom, and that is why GOOG stock has dropped from $1,300 to below $1,050 over the past several months. The company’s ad revenue growth is slowing amid less robust growth rates across the entire digital advertising world […]
Alibaba Group Holding Limited (NYSE:BABA) racked up Singles’ Day sales records Alibaba (BABA) racked up Singles’ Day sales records, but growth slowed. Alibaba Singles’ Day is a big test not only for Alibaba stock but of the Chinese economy. Dow Jones Today The Dow Jones fell 0.6%. The S&P 500 index lost 0.7%. The Nasdaq […]
United States Oil (USO) potential reduction in crude output U.S. oil futures turned lower in Monday dealings, reversing course after discussions among major oil producers over a potential reduction in crude output had pulled prices higher. A lower settlement for the U.S. benchmark would mark its eleventh in a row and longest streak of session […]
Tesla, Inc. (NASDAQ:TSLA) next level of technical resistance around $363 A 12% Rise The $380 strike price calls for expiration on December 21 have seen their open interest levels increase by almost fivefold on November 12, to approximately 10,500 open contracts. A buyer of the calls would need the stock to increase by 12% to […]
Facebook, Inc. (NASDAQ:FB) decline comes as U.S. shares fell across the board The stock fell 2.4 percent on Monday, to $141.55, the lowest close since April 17, 2018, when it closed at $140.96. Facebook fell along with the broader market on Monday, sparked by an Apple supplier cutting its forecast, a rising U.S. dollar and […]
Apple Inc. (NASDAQ:AAPL) technology sector faced another round of sharp selling The stock market started off the week where it left off Friday, with sellers dictating the action. In stock news today, the technology sector faced another round of sharp selling, with shares of Apple (AAPL) down 4%. It was a big decliner in the […]
Dow Jones Industrial Average (.DJI) global trade fears combined with a stronger dollar to unsettle investors The Dow Jones Industrial Average sank by more than 600 points Monday, dragged down by a tumble in Apple and Amazon shares, mounting geopolitical concerns, and a strengthening dollar. The S&P also stumbled, falling by 2 percent after shares […]
Bitcoin: USD/BTC (BTC=X) struggling to break the $6,460 Recently, we discussed that bitcoin price turned short term bearish below the $6,510 support against the US Dollar. BTC/USD extended its decline below the $6,460 support and traded towards the $6,350 level. Buyers pushed the price above the 23.6% Fib retracement level of the last downside leg […]
Northern California Wildfire: 42 Killed, Now Deadliest in Golden State History Search teams have recovered the remains of at least 42 people killed by the devastating Camp wildfire that largely incinerated the town of Paradise in Northern California, making it the deadliest single wild-land blaze in the Golden State history, authorities said Monday. The latest death toll, up […]
Gold Up, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Firming US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices edged higher Tuesday as investors resorted to bargain-hunting after the precious Yellow metal fell to over 1-month lows, weighed by a stronger USD that has capped the market. Spot gold was […]
2019 Magic Millions Gold Coast Yearling Sale Record support from breeders across Australasia has led to Magic Millions cataloguing a record number of lots in a star studded catalogue for the 2019 Gold Coast Yearling Sale. A mouth watering line up of 1,122 lots have been confirmed by vendors for the first five days of the […]
Italy’s populist government was set Tuesday to defy the European Commission, preferring to risk financial sanctions than revise its big-spending budget. The coalition had been given time to change its 2019 plans but insists an anti-austerity approach will help kickstart growth in the eurozone’s third largest economy, and consequently reduce the public debt and deficit. […]
A China-backed bid to complete the world’s largest trade deal — without the United States — was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit. The Regional Comprehensive Economic Partnership (RCEP), covering half the world’s population, is billed as an antidote to Donald Trump’s “America […]
Many American, Young and Old Do Not Meet Healthy Guidelines Less than 33% of Americans meet the new physical fitness guidelines issued Monday by the US Department of Health and Human Services (HHS) Among teenagers the rate is even worse, as only 20% meet the guidelines, even though officials said they could be easily achieved by […]
Live Longer, Healthier By Eating Less Nutritional science has known for a long time that reducing the number of calories you eat can influence longevity. But there has also long been a Southside to calorie reduction alone. While it could improve lifespan as indicated in numerous animal studies, reducing caloric intake to below that of […]
F1: MercedesAMG Matched Ferrari with 5th Straight 2X Championship $RACE MercedesAMG has joined Ferrari (NYSE:RACE) as the only 2 teams to win 5 consecutive championship doubles, the drivers and the constructors, in F1 after Lewis Hamilton’s victory at the Brazilian Grand Prix Sunday. Mr. Hamilton secured the drivers’ championship at the last race in Mexico, […]
S&P 500 Falls 54.79 pts, Breaking 200-Day Moving Average on Tech Selloff $SPY, $DIA, $QQQ, $RUTX, $VXX A broad sell-off in technology companies drove US stocks sharply lower Monday, as Apple, Amazon, Goldman Sachs and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Bond trading was […]
Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315 Despite overall positive indications, AUD has not been able to make much headway on the upside. It touched a high of 0.7303 last Thursday (08 Nov) but has since eased off. For now, we continue to see a chance for AUD to test the strong 0.7315 resistance. […]
Hong Kong: HANG SENG INDEX (.HSI) Govt relaxes rules on share buybacks Stocks in China and Hong Kong edged higher on Monday after government departments and regulators rolled out a series of measures over the weekend to support the private sector, including steps to make share buybacks easier. The Shanghai Composite index rose 0.7 percent […]
Singapore: STI Index (.STI) retail sales up 1.9% Retail sales in Singapore rose 1.9% in September on a year-on-year basis after declining for the months of July and August. The increase was helped by increased sales seen in petrol service stations, watches and jewelleries, and medical goods and toiletries. Total receipts reached around S$3.6 billion […]
Australia: S&P/ASX 200 (.AXJO) started the week in positive territory The Australian share market started the week in positive territory, clawing back from early losses after most sectors entered positive territory and Utilities continued to shine Mining stocks entered positive territory after the iron ore price lifted while Financial stocks remained underwater. Also capping gains […]
SILVER 1 OZ 999 NY (XAG=X) have hit eight-week lows Gold and silver prices are moderately down and have hit four-week and eight-week lows, respectively, in early-afternoon U.S. trading Monday. The precious metals are pressured by a very strong U.S. dollar on the foreign exchange market. The U.S. dollar index hit a 16-month high today. […]
British Pound: USD/GBP (GBP=X) moved into a consolidation phase Despite the strong surge in GBP early this month, we have held the same view since last Wednesday (07 Nov, spot at 1.3100) wherein “it would be surprising if the rebound in GBP could break 1.3190” (GBP subsequently traded to a high of 1.3176). However, the […]
Japanese Yen: USD/JPY (JPY=X) Focus is at 114.54. While we highlighted yesterday (08 Nov, spot at 113.55) “there is a good chance for USD to move to 114.00”, the pace of the advance has been faster than anticipated (USD touched 114.08 during NY hours). As highlighted, a break of 114.00 would shift the focus to […]
Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220 There is not much to add to last Friday’s (09 Nov, spot at 1.1365) update. As highlighted, the sharp and rapid drop from last Wednesday (07 Nov) peak of 1.1500 indicates there is scope for EUR to retest the major 1.1300 support. The […]
Shanghai: SSE Composite Index (.SSEC) securities regulator said it will make it easier for companies to buy back shares Stocks in China snapped a five-session losing streak to end higher on Monday, after the securities regulator said it will make it easier for companies to buy back shares. The news lifted smaller-cap stocks, which have […]
GOLD 1 OZ (XAU=X) have hit four-week low Technically, the gold bears have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at last week’s high of $1,238.40. Bears’ next near-term downside price breakout objective is pushing prices […]
California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For Relatives desperately searched shelters for missing loved ones Sunday, as crews searching the smoking ruins of Paradise and outlying areas found 6 more bodies, raising the death toll to 31, matching the deadliest wildfire in California history. Wildfires continued to rage on […]
The Big Q: Is Debt Good or Bad? The Big A: Yes & Yes Debt is future spending driven forward in time. It lets you buy something now for which you do not have the cash “yet”. Whether it is smart or not depends on what one buys. Many people, businesses, and governments borrow because […]
Telecoms giant SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21 billion and be one of the biggest tech IPOs in years. The IPO will help raise funds for the company as it increasingly transforms into an investment firm, ploughing money into a broad range […]
Singapore Business sans Borders The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) are partnering with six private sector partners to create a Proof of Concept (“POC”) hybrid business data and digital solutions hub. The initiative will leverage on Artificial Intelligence (AI) to facilitate the internationalisation and digitalisation of Small and Medium-sized […]
Singapore to Become a Global Hub of Cryptocurrencies The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DvP)1 capabilities for the settlement of tokenised assets across different blockchain platforms2. This will help simplify post-trade processes and further shorten settlement cycles. 2 The DvP prototypes, developed with technology partners […]
The third edition of the Singapore FinTech Festival will kick off tomorrow in Singapore. With over 250 speakers, 450 exhibitors, 16 international pavilions and close to 40,0001 participants expected, this year’s event promises to be the biggest FinTech event in the world to date. 2018 Festival Highlights 2. Held at the Singapore Expo, the Festival […]
The Street’s Key Stock Analysts Research Reports $MT, $ARRS, $CPA, $CREE, $KDP, $MTZ, $KORS, $PRTY, $PVH, $TCF, $YELP 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 main issues […]
Tesla (NASDAQ:TSLA) Has Nothing the Auto Industry Cannot Replicate at Will $TSLA, $F, $FCAU, $GM, $VLKAY Volkswagen (OTCMKT:VLKAY) announced at the weekend that its platform is set to manufacture 50-M pure EVs, and it has acquired the batteries for that vehicle production output. Ok, Tesla (NASDAQ:TSLA) has mastered making EVs cars, but its technology is […]
Minorities Destroying Democracy in Australia The political focus on minority interests in Australia is destroying democracy as politicians scramble to appeal to those groups. The amount of money being wasted on minorities by the government in staggering. The cycle is pathetic, speak out against minorities the media will beat you, become pro-minority and the media […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Last Wednesday post election spike either stands on its own or platforms for a breakout. PPI at a 6 year high with prices +2.9% Y-Y. S&P 500, DJIA in excellent tests, NAS Comp work’in on it This week we see new leaders come up […]
Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Lower In Asia Gold prices steadied Monday after touching a 1-month low in Friday’s session, but the precious Yellow metal remains under pressure from a firmer USD and expectations the Fed is on track to tighten […]
Update: California Wildfires Roar, 31 Dead, Nearly 7000 Structures Destroyed Sunday, crews searching the smoking ruins of Paradise and outlying areas found 8 more bodies, raising the death toll to 31, it is the deadliest wildfire in the Golden States history. Over 200 still missing. Massive California wildfires continue to roar through the Golden State […]
Rio’s (NYSE:RIO) Argyle Pink Diamonds Tender Breaks Record $RIO The Argyle mine is the biggest diamond operation in Australia, and the source of rare and prized fancy pink gems. Rio Tinto, (NYSE:RIO) the world’s #2 miner, announced today that it delivered record results at its 2018 Argyle Pink Diamonds Tender, which included 63 rare pink, red […]
Why Consider Organic Grass Fed Beef Grass fed beef comes from cows that are allowed to graze on pasture and consume their natural diet of grass. This is different from cows raised in concentrated animal feeding operations (CAFOs), which are fed a processed diet containing grains and even growth-promoting drugs. Organic grass fed beef production requires […]
Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]
SILVER 1 OZ 999 NY (XAG=X) rates slump In global markets, spot gold prices were down at $1,219.7 per ounce. Gold prices were under pressure after US Federal Reserve signaled that it will continue to raise interest rates. At the conclusion of its two-day meeting on Thursday the Fed kept its rate unchanged but indicated […]
Australia: S&P/ASX 200 (.AXJO) poised to start the week lower Australian shares are poised to start the week lower, dragged down by a tech rout on Wall Street. Base metals also retreated and oil extended its rout. ASX futures were 37 points lower. Shares on Wall Street fell to end their week, with the S&P […]
Euro: USD/EUR (EUR=X) could give way to next target at 1.1205 The EUR/USD pair keeps knocking at the door of the circa 1.1300 hard floor, and the risks are building that it could finally break below it in the week ahead. The pair touched and bounced off the floor in October and after recovering to […]
Hong Kong: HANG SENG INDEX (.HSI) Chinese regulator announced that it was setting lending targets for banks Chinese equities had set the tone for risk appetite earlier in the day, with the CSI300 down -1.4% and the Hang Seng down -2.4%. The Chinese regulator announced that it was setting lending targets for banks to private […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy The Dollar/Yen rose last week as buyers returned to the stock market, dampening the attraction of the Japanese Yen as a safe-haven asset. However, the biggest influence on the Forex pair was the diverging monetary policies of […]
British Pound: USD/GBP (GBP=X) UK gross domestic product proved positive The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to hold onto gains made in the wake of the US midterm elections on Friday. Although the headline third quarter UK gross domestic product proved positive this was not enough to shore up Pound Sterling. […]
Shanghai: SSE Composite Index (.SSEC) hinting at further weakness In Asia, Japan’s Nikkei 225 Index has added 1,100 points since Oct. 29, rising 5.2%. Some analysts have attributed the Nikkei 225 Index’s recent gains to a weakening yen. Analysts at JPMorgan Chase (NYSE:JPM) said that the Index could easily rocket to reach 28,000 points if […]
GOLD 1 OZ (XAU=X) headed lower into at least late-November Last week’s action saw gold forming its high in Wednesday’s session, here doing so with the tag of the 1238.40 figure. From there, a sharp decline was seen into Friday, with the metal dropping all the way down to a low of 1207.20 – also […]
Singapore: STI Index (.STI) slowdown as tech stocks plunged It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged. Just like that, the region’s equity benchmark erased weekly gains and posted its sixth slide in seven […]
Florida Election Recount is Underway The election workers have begun the enormous task of recounting ballots in Florida’s close races for the US Senate and Governor, ramping up their efforts after the secretary of state ordered a review of the 2 nationally watched contests. Miami-Dade County election officials began feeding ballots into scanning machines Saturday […]
F1: Hamilton Wins Brazil Grand Prix Securing Constructors’ Title for MercedesAMG $RACE F1 champion Lewis Hamilton, 33 anni, won the Brazilian Grand Prix Sunday as his MercedesAMG team secured the constructors’ title for the 5th year running. The win was Mr. Hamilton’s 10th of the season and 72nd of his career, he has won the […]
Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]
The Strong US Economy is Continues to Grow The strong US economy is continuing to grow at a 2.9% annualized rate in Q-4, following the latest economic data, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. This was unchanged from the pace for Q-4 GDP Atlanta Fed’s GDP program calculated on 2 November. The nowcast […]
Lack of Good Sleep Leads to Poor Health Sleep Quality affects Blood Pressure and Risk of Heart Disease Sleep Deprivation Takes a Toll on Mental Health Sleep deprivation is a risk factor for severe Dementia. Research strengthens the link between sleep problems and Heart Disease A noted by author Quanhe Yang, senior scientist in the Division […]
US Consumer Sentiment on Track for Best Year Since 2000 Consumers ready to Pick Up Spending Heading into Holiday Season US consumers have greater certainty about job and income prospects. University of Michigan’s (MSI) consumer sentiment index flat to unchanged but remains strong US consumer sentiment topped analysts expectations to stay on track for its best […]
President Trump Thanks Senator Marco Rubio For Exposing Broward ‘Election Theft’ Friday, President Donald Trump provided a lengthy commentary regarding the Florida elections mess during his flight to Paris alleging “potential corruption” in Broward County as officials grapple with determining who won the Sunshine State’s Senate and Gbernatorial races. While en route to France for […]
Investors Focused on Retail Sales and Wages $WMT, $M, $MCD, $AMZN, $CMG Amidst overall strong Quarterly results, rising labor costs are a growing concern, with more than 12 companies in the S&P 500 mentioning them in conference calls so far this earnings season. Next week, several retailers including Walmart (NYSE:WMT) and Macy’s (NYSE:M) are due […]
Florida to Recount of Votes in its Races for the US Senate and Governor Florida will hold a machine recount of votes in its races for the US Senate and Governor, with results due by 3:00p (2000 GMT) on Thursday, 15 November, its Secretary of State said Saturday. The 2 contests, along with those for […]
CA Wildfires Latest: 25 Dead; 174-K Acres Burned, 250-K Evacuate Several massive wildfires continue to roar through the Golden State leaving many with nothing. Here is the latest information The deadly California wildfires, fueled by strong winds and dry weather, have once again ripped through the Golden State killing at least 25 people, charring almost […]
F1: Hamilton and Vettel on the Front Row at Brazil $RACE Ferrari have a tactical advantage by starting on the harder tires, if the day is dry. Lewis Hamilton on the Pole with hopes of wrapping up the constructors’ championship Sunday ahead of Ferrari’s (NYSE:RACE) Sebastian Vettel for the Brazilian Grand Prix. Despite this, the […]
F1: Brazil Grand Prix FP-1 Results, Ferrari Strong on the Pace $RACE Valtteri Bottas topped a F1 practice session for the first time in the Y 2018 season, while Sebastian Vettel and Ferrari (NYSE:RACE) look to be strong when it comes to race pace. Leading the way by a small margin from MercedesAMG teammate Lewis […]
Ferrari’s (NYSE:RACE) Business in Thriving, Net Revenue Up, Profits Soaring $RACE Ferrari’s (NYSE:RACE) sales rose by nearly 11%, with the iconic luxury Italian Supercar firm shipping a total of 2,262 units, 216 more than in the same time frame of Y 2017. During this time, the company’s net revenues rose by 0.3%, whereas the net profit, as indicated […]
All Indicators Say, “S&P 500 Will Hit 3,000 by Year’s End” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Byron Wien predicts that this Bull run, the longest in history, in the stock market is not over, and there is no recession in sight. Mr. Wien recently said in a TV interview that he is “not […]