The euro fell to a four-month low against the US dollar on Tuesday after the investor confidence data missed expectations at a time when confidence was most needed...
US equities renewed record on Tuesday, after the Federal Reserve Chair said he is ‘closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy’...
US equities flirted with fresh record highs on better-than-expected fourth quarter earnings, and the reassurance that the Federal Reserve is determined to cover their back, come trade war or coronavirus...
FTSE (-0.16%) and DAX (-0.24%) futures hint at a lackluster start on Monday. The oil-heavy FTSE should continue feeling the pressure of lower oil prices after Russia refused to increase the production cuts to halt the coronavirus-led slide in oil prices...
Asian equity markets kicked off the week on a negative note as the spreading coronavirus was the major concern amid the virus took 900 lives and infested more than 40’000 people with cases outside Chine rising. There are also doubts that the numbers in China may be higher than reported...
US equities recorded timid gains on Thursday, while stocks in Asia edged lower on renewed anxieties about the spreading coronavirus as a Chinese doctor in Wuhan was reported dead and residents were asked to report their temperatures daily...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher...
With the coronavirus outbreak in China ongoing, highly cyclical currencies with strong ties to Chinese growth have been hit hard. And this is the case for the Australian dollar. The AUDUSD fell by around 3% earlier this week...
US equities rallied on Tuesday. The S&P500 (+1.44%) and the Dow (+1.50%) recovered as Nasdaq surged 2% to a fresh all-time high. The correction of the coronavirus sell-off and the rush towards technology stocks were the major catalysts...
Chinese stocks fell more than 2% before rebounding on Tuesday. Shanghai’s Composite gained 0.57% and CSI 300 advanced 1.71% following an early slump. Stocks in Hong Kong added 0.87%, as Nikkei (+0.50%) and ASX 200 (+0.37%) edged higher. The Aussie rebounded past the 0...
WTI crude dipped below $51 a barrel, as Brent crude fell to $55.40. Gold spiked to $1591 per oz but corrected to the $1580 level as the US 10-year yield consolidated near 1.52%. Bitcoin traded past $9500. It looks like stock markets elsewhere could get away with the Monday sell-off. FTSE (+0...
Stocks in China nosedived 9% at the open as traders returned from a week-long Lunar Year break. Yuan fell past 7 against the US dollar, copper and iron tanked by the daily limit. The death toll due to the coronavirus rose to 360, more than 17’000 is said to be infected...
Amazon.com Inc.'s fourth-quarter sales blew past a previous record as robust holiday sales and profit from cloud and advertising businesses helped offset growing shipping costs for its one-day Prime program...
The Chinese manufacturing PMI data was good and bad news at the same time. The January figure fell to 50.0 amid the Chinese New Year holiday and the coronavirus breakout take a toll on the activity as the year began but showed no contraction...
And with the manufacturing and non-manufacturing PMIs dropping below 50, we expect the weakness to continue in 1Q20...
Boeing Co. reported its first annual loss in more than two decades and said the costs from the 737 MAX crisis have climbed above $19 billion. The MAX has been grounded world-wide since last March following a pair of plane crashes within five months of each other that killed 346 people...
European and US equity markets rebounded on Tuesday, as investors started licking their wounds from the coronavirus-led sell-off. The S&P500 (+1.01%) and Nasdaq (+1.43%) surged as technology stocks led gains in the US...
Apple Inc. has shaken free of last year's iPhone slump, posting record revenue and a return to profit growth in the latest quarter behind strong sales of its flagship smartphone as well as apps and AirPods wireless earbuds. The tech giant reported revenue rose 9% in the December quarter to $91...
