IMF’s Lagarde and ECB’s Draghi warn against troubling developments in trade war

Two of the worlds most influential economic leaders have warned that there are troubling developments arising from increased trade barriers and tariffs.Mario Draghi the president of the European Central Bank (ECB) and Christine Lagarde the managing director of the International Monetary Fund (IMF) warned that the global trade dispute between the U.S. and China as well as a threatened dispute with Europe and other industrial nations could cause headwinds for all and could get worse.Speaking at the 8th ECB conference focused on central eastern and southeastern European (CESEE) countries on Wednesday the IMFs Lagarde said [read more]

Since 2009, when the S&P 500 passes its 50-day moving average there is 90% chance of stock market doing this next

After logging its worst month since December the S&P 500 bounced back to kick off the month of June jumping 4.4% its best week of 2019. In doing so the index crossed back above its 50day moving average.Through Monday the Dow was up for six consecutive days as it closed in on an alltime high. On Tuesday trading stalled and the Dow as well as the other major equity indices dipped on Wednesday morning so there could be a June bullish pause but a decade of market history centered on the S&P 500 chart suggests that the [read more]

The DOJ’s antitrust chief just telegraphed exactly how it could go after Google, Apple and other big tech companies

The Department of Justices assistant attorney general brought the case against big tech into focus in a new speech delivered at the Antitrust New Frontiers Conference in Tel Aviv on Tuesday.Makan Delrahim laid out some possible arguments against the tech giants as his office is reportedly taking the lead on investigating Google parent company Alphabet and a potential probe into Apple. The Federal Trade Commission meanwhile reportedly has taken jurisdiction over Facebook and Amazon.Shares of these companies dropped on last weeks reports that U.S. antitrust officials were beginning to take action on longanticipated investigations. But [read more]

Wall Street expects a Trump win in 2020, but a new poll points to a different outcome

It may be time for Wall Street to recalibrate expectations about the 2020 election.In a survey of institutional investors this spring more than 70% told RBC Capital Markets they expect President Donald Trump to win a second term in 2020. But a new national poll of voters Tuesday points toward a different outcome.The Quinnipiac University poll showed the top Democratic candidate former Vice President Joe Biden leading Trump by a doubledigit margin in a potential 2020 matchup. But it also found that five other Democratic contenders every one the poll pitted against Trump [read more]

Elon Musk says Tesla still plans to offer insurance, but is waiting for an acquisition to close

On Tuesday during Teslas annual shareholder meeting CEO Elon Musk said an insurance offering that he expected his car company to launch in May this year is actually still in the works.Musk said Were pretty close to being able to release that. We have a small acquisition that we need to complete and a bit of software to write.Back in April Musk said on an earnings conference call that Tesla would be launching its own insurance product in about a month. He said that Tesla has an advantage in insurance because it has direct [read more]

UK leadership race kicks off as the economy starts to weaken

A leadership contest has kicked off in the U.K. after the resignation of beleaguered Prime Minister Theresa May and it looks like former Foreign Secretary and London Mayor Boris Johnson a politician known for having a sharp wit as much as for his gaffes could be the next leader of the country.Monday was the deadline for nominations of those standing in the ruling Conservative Partys leadership race and although there are 10 candidates on the final list some names are more wellknown than others including Boris Johnson and Jeremy Hunt (the current foreign minister) Home [read more]

China’s loans to other countries are causing ‘hidden’ debt. That may be a problem

Chinas lending to other countries often shrouded in secrecy is thought to be higher than the amounts that are officially tracked resulting in much hidden debt. That growing debt problem could spark a worsethanexpected slowdown among other problems experts warn.The lack of transparency would also affect investors who are considering bonds issued by those countries or organizations such as the International Monetary Fund (IMF) which are helping those countries with their debts according to Carmen Reinhart a professor at the Kennedy School of Government at Harvard University.Speaking at the Nomura Investment Forum [read more]

Bitcoin price analysis: BTC/USD hovers above $8,000, breakthrough looks shaky

On intraday timeframes BTCUSD has been moving in a tight range with mildly bullish bias with the recent recovery attempts limited by $8100 handle. This resistance area strengthened by the upper line of 4hour Bollinger Band needs to be taken out before we can claim that the breakthrough is confirmed. Once this happens the upside may gain traction with the next focus on $8200. This resistance area is created by the middle line of 1day Bollinger Band which is followed by SMA100 (Simple Moving Average) 4hour (currently at $8235). A sustainable move above this area will [read more]

Crypto Mixed; Nasdaq and CryptoCompare to Co-launch Crypto Pricing Service

Prices of major cryptocurrencies were mixed on Wednesday morning in Asia. The total market cap slightly dropped to $253.1 billion from $254.3 billion the day before.Bitcoin slid 0.94% to $7945.9 by 1257 PM ET (0457 GMT). Though the coin was down this morning it was still testing the $8000 level.Ethereum added 0.18% to $246.43 XRP dropped 1.40% to $0.39348 and Litecoin was up 6.73% to $138.98.Nasdaq and crypto data provider CryptoCompare inked a partnership to launch a cryptocurrency pricing product for institutional investors.Known as NasdaqCryptoCompare Aggregate Crypto Reference Prices the product will use [read more]

 U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.30%

U.S. stocks were higher after the close on Monday as gains in the Technology Consumer Services and Financials sectors led shares higher.At the close in NYSE the Dow Jones Industrial Average gained 0.30% to hit a new 1month high while the S&P 500 index added 0.47% and the NASDAQ Composite index added 1.05%.The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc (NYSEGS) which rose 2.27% or 4.31 points to trade at 194.12 at the close. Meanwhile Intel Corporation (NASDAQINTC) added 1.67% or 0.77 points [read more]

Goldman Sachs says the Fed won’t cut rates this year

Goldman Sachs is warning that a growing consensus that the Federal Reserve will cut rates soon is misguided.Chairman Jerome Powell said last week the Fed will act as appropriate to sustain the expansion which the market interpreted as a signal of rate cuts on the horizon.Although it is a close call we still expect the FOMC to keep the funds rate unchanged in the remainder of the year Jan Hatzius the banks chief economist said in a note on Monday. In our view this was not a strong hint of an upcoming cut but was simply [read more]

Facebook VP says new Portal video chat devices are coming in the fall

Facebook Vice President of ARVR Andrew Boz Bosworth on Monday said the company plans to launch new versions of its Portal video chatting devices this fall.We have a lot more that were going to unveil later in this fall new form factors that were going to be shipping said Bosworth speaking on stage at the Code Conference in Phoenix.Facebook in November began shipping two versions of the Portal. Those devices allow users to video chat with users of Facebooks Messenger and WhatsApp services.The reason were doing this is because we think theres a whole new generation of [read more]

Stocks - Wall Street Rises; Investors Happy With Trump Tariffs U-Turn

Stocks rallied for a fifth day with investors relieved the United States did not impose a 5% tariff on goods shipped in from Mexico.The S&P 500 finished up 0.47%. The Nasdaq Composite added 1.05% and the Dow was up 0.30%.If there was a downside to the days gains it was that the major averages pulled back noticeably from their highs of the day. The S&P 500 had been up nearly 16 points before dropping back to a 13.3point gain. The Nasdaqs 153point gain slid to 81 points and the Dows 227point gain fell [read more]

Tesla is having its best week since October, but investor says bear case is still strong

The stock has rallied 12% this week in its best weekly stretch since October. Since a low Monday morning it has revved 17% higher.For the bulls on Tesla youre really happy that the month of May is over and June has come. What a rally in the stock John Petrides managing director and portfolio manager at Point View Wealth Management said Thursday on CNBCs Trading Nation. Now Tesla faces two potential paths he said.I really do think the stock is at a crossroads here. Tesla is a very polarizing name. You either have a strong conviction on the [read more]

Gold risk reversals hit highest since 2011 on call demand

Risk reversals on gold (XAUUSD) a gauge of calls to puts on the yellow metal rose to their highest level since September 2011 on Monday indicating investors are adding bets to position for further strength prolonged strength in the safehaven metal. Oneyear risk reversals (XAU1YRR) rose to 2.575 in favor of XAU calls. The positive number indicates the demand or implied volatility premium for calls options (bullish bets) is higher than that for put options. The yellow metal jumped to $1348 on Friday the highest level since April 2018. As of writing it is trading at $1330 [read more]

Why this former Facebook executive keeps investing in A.I. and messaging start-ups

Anand Chandrasekaran built the Facebook Messenger software developer ecosystem for almost three years. Now hes investing in artificial intelligence startups that are building messaging apps.Chandrasekaran was Facebooks director who led the growth of the Messenger platform for three years from July 2016 until January 2019. He left the company after growing Messengers developer ecosystem to one with more than 300000 chat bots according to a May 2018 Facebook blog post. We grew the platform to quite a bit of success on the back of these developers Chandrasekaran told CNBC in a recent interview.Since leaving [read more]

FANG is ‘dead money’—with one exception, technical analyst says

Tech titans or falling knivesFANG Wall Streets widely used acronym for Facebook Amazon Netflix and Google parent Alphabet has lost nearly half a trillion dollars in market value since each stocks 52week high. Alphabet has been the biggest loser shedding $173 billion since April.As regulators set their sights on big tech the future of FANG is being called into question. TradingAnalysis.com founder Todd Gordon on Thursday called the group dead money. Citing a chart of the NYSE FANG Index which tracks the four FANG stocks along with other major tech players like [read more]

Microsoft unveils deep dive into cloud gaming with its own Google Stadia competitor

The cloud gaming battle is about to heat up.Just days after Google unveiled new details about Stadia Microsoft gave a preview of cloud streaming service Project xCloud at its annual E3 conference.Initially announced back in October Project xCloud would allow streaming from users entire Xbox One libraries including games from Xbox Game Pass to mobile devices. The service would essentially allow users to turn their Xbox One into their own personal and free xCloud server said Phil Spencer head of Xbox. Whether youre using a console in our data center or your console at [read more]

Google is tech’s top spender on lobbying — Facebook and Amazon are also at record levels

As the biggest U.S. technology companies face increasing scrutiny from regulators related to privacy practices and market control theyre spending a lot more money to try and influence lawmakers. No company in America is pouring more money into those efforts than Google. Last year the company spent $21.7 million on lobbying according to the Center for Responsive Politics. For two straight years its been the top corporate spender outranking traditional frontrunners like Boeing and AT&T. Amazon and Facebook also reached record levels of lobbying expenditures in 2018.For years with their market caps climbing alongside their [read more]

Bitcoin in Rally Mode as Move Lower Entices Bargain Hunters

Bitcoin soared Friday as bargain hunters piled into the popular crypto after its earlierday plunge to key support levels.Bitcoin rose nearly 6% to $8105 up from a low of $7450. The popular cryptos move above the key $8000 level comes a day after a plunge toward the low $7000 area attracted a wave of buyers.Despite the sunnier end to the week Bitcoin remains in correction territory down about 11.1% from its yeartodate peak of $9100 and looks set to snap its 10week winning streak.While traders were hard pressed to find a specific reason for [read more]

 Oil rises as Saudi sees OPEC, Russia restricting supplies for longer

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.Frontmonth Brent crude futures the international benchmark for oil prices were at $63.71 at 0017 GMT 42 cents or 0.7% above Fridays close.U.S. West Texas Intermediate (WTI) crude futures were at $54.43 per barrel 44 cents or 0.8% above their last settlement.Traders said crude prices were rising because of statements by OPECs defacto leader Saudi Arabia on [read more]

Gold Price, Testing Support As Fundamental Suggesting Upside

Gold prices edged down on Tuesday in Asia despite intensifying trade tension between the U.S. and China. Gold spot price seems to have found a base around $1283 the 20EMA line.Gold is set to improve and trend toward $1300 lower rates a flat curve and a growing likelihood of rising equity market volume are all factors helping gold buying the dips may well be the order of the day in the precious space.A more dovish perception of the Federal Reserve is also a tailwind for gold adding that [read more]

Bitcoin Bull Run, This Technical Pattern Can Point Out The Cryptocurrency Next Target

The worlds leading cryptocurrency has surged as much as 115.93% since its first notable breakout action of April 2. It established a fresh yearly high of $8914.19 on Monday in what now appears like a tireless bull run. There have been no signs of extreme pullbacks despite bitcoins overbought status. And every minor downside correction is influencing more speculators to enter the bitcoin market at a slightly lower intraday rate.THE FALLING WEDGEThe ongoing bitcoin price rally also brought attention to a giant falling wedge formation that started in February 2018 [read more]

Bitcoin Bull Run, This Technical Pattern Can Point Out The Cryptocurrency Next Target

The worlds leading cryptocurrency has surged as much as 115.93% since its first notable breakout action of April 2. It established a fresh yearly high of $8914.19 on Monday in what now appears like a tireless bull run. There have been no signs of extreme pullbacks despite bitcoins overbought status. And every minor downside correction is influencing more speculators to enter the bitcoin market at a slightly lower intraday rate.THE FALLING WEDGEThe ongoing bitcoin price rally also brought attention to a giant falling wedge formation that started in February 2018 [read more]

Oil Price Stay Near 100-SMA Support Amid Supply Cut

Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC although markets remained tense amid concerns the SinoU.S. trade war could trigger a broad economic slowdown.Frontmonth Brent crude futures the international benchmark for oil prices were at $68.79 per barrel up 10 cents or 0.2 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $58.45 per barrel 54 cents below their last settlement.The relative strength of the very shortend of the (price) curve likely reflects the market pricing in [read more]

UK Pound Higher Monday On EU Election And Expected Theresa May Resignation

The pounds initial gains were trimmed after the hardline Brexit Party took the lead in the first wave of results of the nations European parliamentary election.Sterling erased gains of as much as 0.3% as Nigel Farages new singleissue Brexit Party winning 39% of the vote in the northeast of England the first full result. Labour took just 19% of the vote from 36% last time. The swing may harden the stance the next Tory leader takes toward Britains divorce from the European Union following Prime Minister Theresa Mays [read more]

Euro Slightly Higher After EU Election

Monday the euro was confined to a narrow range after the weekends European Parliament elections highlighted the deepening political fragmentation of the 28country bloc.The euro was a shade higher at $1.12121 holding within a tight $1.12287$1.11944 range in what was a limited reaction to so far the exit polls.Estimates after the European Parliament polls closed on Sunday showed that the two largest centrist groups the European Peoples Party (EPP) to the right and the Socialists & Democrats (S&D) on the left will no longer hold a [read more]

UK Theresa May Resigns As Prime Minister Over Brexit Crisis

In an emotional speech outside 10 Downing Street May said she had done everything she could to convince MPs to back the withdrawal agreement she had negotiated with the European Union.But it was with deep regret that she had ultimately failed to reach a consensus among lawmakers.I will shortly leave the job that it has been the honour of my life to hold May said.British Prime Minister Theresa May unveiled a timetable for her departure as a leader on Friday morning drawing her turbulent threeyear premiership to an abrupt end.In an emotional speech outside 10 Downing Street [read more]

Gold Price Outlook

Gold prices steady this Friday after closing and opening above $1280 US weak data pushed back the dollar and reignited hopes of a rate cut by the Federal Reserve this year.The U.S. dollar retreated after hitting its highest level in two years as weaker domestic data and the potential economic fallout from the trade war with China increased expectations for an interestrate cut this year.Bullion is often seen as a safehaven investment in times of political or economic uncertainty.TechnicalPrice to watch is the 20EMA line of $1283.07 [read more]

AT & T Now Accept Payment In Cryptocurrencies

United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20000 businesses. AT&T is reportedly the first United Statesbased business in the wireless network industry to offer bill payments with BitPay.Kevin McDorman vice president of AT&T Communications Finance Business Operations said We have customers who use cryptocurrency and we are happy we can offer [read more]

Oil's Price Pulled Back Below $60.00

Oil markets stabilized on Friday amid OPEC supply cuts and tensions in the Middle East after posting their steepest falls since the start of the year earlier in the week on the back of a global economic slowdown and swelling fuel inventories.Brent crude futures the international benchmark for oil prices were at $68.05 per barrel up 29 cents or 0.4 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were up 36 cents or 0.6 percent at $58.51 per barrel.Multiple supply risks [read more]

US May Impose Duties On Countries That Devalue Their Currencies

The U.S. Commerce Department said on Thursday it was proposing a new rule to impose antisubsidy duties on products from countries that undervalue their currencies against the dollar.The proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation the department said.Trump administration officials have long viewed Chinas yuan as undervalued against the dollar.The U.S. Commerce Department said on Thursday it was proposing a new rule to impose antisubsidy duties on products from countries that undervalue their currencies against the dollar another [read more]

UK PM Under Pressure To Step Down And It Could Happen Within Hours

LONDON May 23 (Reuters) Sterling plunged again in early London trading on Thursday as pressure mounted on Prime Minister Theresa May to name a date for her departure.The British currency has been falling heavily in the past few days. Mays lastditch attempt to get backing for a Brexit deal triggered a revolt on Wednesday by some of her Brexitsupporting ministers deepening the political uncertainty in Britain.What comes next is wholly uncertain but most likely market pricing of a No Deal Brexit will increase this [read more]

EUR/GBP Continue It 14th Consecutive Rise Into Over-brought Region

The British Pounds relentless selloff against the Euro extends into its 14th consecutive day on Thursday May 23 with political intrigue likely to calm down as voters across Europe head to the polls.Media are typically restricted in their political coverage on voting days and because the Pound is now a headline driven currency we are unlikely to see Wednesdays frenzied speculation on Prime Minister Theresa Mays future repeated.For Sterling the focus is now on when the Prime Minister stands down and who the successor will be.Should Prime [read more]

10th Days In The Red, Will GBP Slide More?

Sterling was the main mover sliding to a fourmonth low at $1.26265 before steadying at $1.26492 in Asia. British Prime Minister Theresa May came under intense pressure after her latest Brexit gamble backfired and fueled calls for her to quit.Prominent Brexit supporter Andrea Leadsom resigned from the government on Wednesday and British media reported May could announce her departure date as early as Friday.Uncertainty in the near term the risk of a hardBrexit replacement for May has increased the risks of a hard Brexit result or even a forced nodeal exit. Such [read more]

FOMC Minutes, Here's What You Need To Know

[read more]

New Reality In Oil Trading: Why Oil Price Did Not React Like Before On US-Iran Tension

When Gary Ross one of the biggest names in energy trading saw that oil tankers had been attacked off the UAE citystate of Fujairah earlier this month he knew crude prices just had to rise.He quickly established some of the vessels were linked to Saudi Arabia the worlds biggest oil exporter and realised that however murky the incident fingers would point at Iran. With the US already tightening sanctions on Tehrans oil exports and with bellicose rhetoric escalating the incident presented the latest risk to crude flows from the heart of [read more]

Stocks Rise 200 Points After US Eases Restriction On Huawei

Stocks closed higher on Tuesday following news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei.The Dow Jones Industrial Average rose 197.43 points to 25877.33 as Intel outperformed. The S&P 500 gained 0.9% to end the day at 2864.36 with the tech sector jumping 1.2%. The Nasdaq Composite advanced 1.1% to 7785.72.Equities also got a boost from Boeing. Shares of the airplane maker rose 1.7% after U.S. aviation officials that a bird collision may have caused the 737 Max crash in [read more]

Cryptocurrencies Market See Records Transaction After Surprise Bull From Bitcoin

Cryptocurrencies institutional traders recently registered record high volumes on bitcoin BTCUSD derivatives exchanges trading on the Chicago Mercantile Exchange (CME) hit an alltimehigh for two months in a row. in a report published on May 21.CME Group reported record volume for its bitcoin futures as the cryptocurrencys surprise bull market continued. The exchange saw an alltime record of 33700 contracts. That figure represented an equivalent 168000 BTC ($1.35 billion).Cryptocurrency exchanges and brokers are reportedly also seeing much of the same trading volumes because of recent volatility in the digital [read more]

Morgan Stanley Head Of Global FX, Tells Clients To Expect More Weakest For GBP

Analysts at Morgan Stanley ask their clients to bet on further losses during the weeks ahead. According to Morgan Stanley pound will likely decline further in the weeks ahead as markets pricein a fourth failure by PM May to get the EU withdrawal agreement through parliament which would amplify market fears of a possible no deal Brexit on October 31.A strong polling performance for The Brexit Party put Sterling on its back foot last week but losses accelerated after opposition leader Jeremy Corbyn withdrew from [read more]

Gold Ease On Fed Chair Comment Of No Interest Rate Cut This Year

Gold eased on Tuesday after touching a more than twoweek low in the previous session as increasing bets that the U.S. Federal Reserve will not cut interest rates this year boosted the dollar which usurped bullions safehaven appeal.Spot gold fell 0.2% to $1275.61 per ounce Last session gold dipped to a more than twoweek trough of $1273.22.The dollar held near a 212week high on Tuesday supported by higher U.S.yields and as intensifying trade frictions between the United States and China boosted appetite for the safehaven greenback. [read more]

Bitcoin Rally Over 100% In One And A Half-Month

Bitcoin rallied about 101.55% between April 2 and May 14. This sharp rally after a long bear phase surprised many. Analysts at JPMorgan Chase have said that after the rally Bitcoin is trading above its intrinsic value. They find some similarities in the current rally to the one in late 2017.A rally of such a magnitude was necessary to change the sentiment from sell on rallies to buy on dips. Fundstrat Global Advisors cofounder Tom Lee tweeted that the bear market [read more]

OPEC Defying Trump's Call Pump More Oil To Keep Price Low

OPEC and a group of allies led by Russia are trying to keeping a lid on production throughout 2019. OPEC alliance strongly signalled the group will extend the policy and boosting oil prices by about $20 a barrel this year.If OPEC alliance will meet in June it would be the second time in six months the group ignored Trump who lobbied against the current production cuts last fall. So long as the production caps remain in place oil prices [read more]

Australian Dollar Spiked After PM Morrison's Ruling Party Win Election

The Australian dollar has spiked following the shock election victory of the ruling LiberalNational Coalition on Saturday lifting strongly against all major crosses in early trade on Monday morning.After finishing last week at 0.68666 the weakest closing level since early January 2016 the AUDUSD currently trades at 0.69189.The AUD popped initially higher after the Coalition pulled off a remarkable victory defying predictions from the polls and betting markets. While the Aussie is trading firmer against all the major crosses earlier gains have slowly been whittled away over the past hour or [read more]

Gold Events To watch And Price Technical outlook

Gold price continues 5th sessions trading lower this Monday after touching $1303 on Tuesday last week. Stronger U.S. Dollar on betterthanexpected U.S. economic reports reduced the chances of a recession and the odds of a Fed rate cut later in the year making gold lost its safehaven asset statues. Stocks finished lower but well off their lows the USDJPY rose slightly also an indication of an easing of U.S.China trade tensions. Gold investors also showed little interest in the escalating tensions in the Middle East.The biggest drag on [read more]

Oil Price Jump Monday After OPEC Extend Their Supplies Control

Oil prices jumped as much as 1 percent on Monday after Saudi Energy Minister Khalid alFalih indicated there was a consensus among OPEC and allied oil producers to continue limiting supplies.Brent crude futures were at $73.17 a barrel up 96 cents or 1.1% from their last close. Brent closed down 0.6% on Friday.U.S. West Texas Intermediate (WTI) crude futures were at $63.74 per barrel up 98 cents or 1% from their previous settlement. WTI closed down 0.2% in the previous session.The rally came [read more]

Scotiabank See Gold At $1,400 In 2019

In this riskprone market environment hedging is as important as ever with commodities like gold eyeing the $1400 level this year according to the latest update from Scotiabank.Gold has been stuck in a fouryear lull said Scotiabank commodity strategist Nicky Shiels noting that 2019 might finally be the year when the metal breaks out of its narrow trading range.We feel we are in a good spot for the next commodity cycle. Gold is perking up this year trying to break out of its [read more]

Bitcoin In Technical Correction, Levels To Watch

At long last Bitcoin (BTC) has simmered down with the asset falling to near $7000 from a weekly high of $8350 this Asian morning trading. This has led some to consider the idea that the top of Bitcoin is seen at yesterday high for now anyway. Some cryptoexchange longshort ratio has been off balance which would pressure Bitcoin higher. Whats more bid support (buy support) is decreasing houroverhour the parabola that BTC has traced for the past few months is shaky and there is decreasing volume in this embryonic market all signs which arent too reassuring. From here [read more]

Boeing Completed It Software Update For 737 Max Anti-Stall System

Boeing says it has completed a software update for 737 Max antistall system linked to fatal crashesBoeing said its completed a software update for its 737 Max planes and is working with the FAA on to get the plane back in the air.The company has flown the 737 Max with the updated software for 360 hours on 207 flights.It also as planned has provided updating training materials for 737 Max pilots.Boeing said Thursday that it has completed a software update for its 737 Max planes a key step [read more]

UOB 1 Year Gold Price Target And Outlook

In just one year from now gold will not only breach $1300 but also surpass $1400 an ounce according to United Overseas Bank (UOB).We forecast gold to rise further to USD 1350 oz by 2Q19 USD 1380 oz by 3Q19 USD 1400 oz by 4Q19 and USD 1450 oz by 1Q20 UOB head of market strategy Heng Koon How and markets strategist Quek Ser Leang wrote in the banks outlook.The bullish forecast is based on the dovish Federal Reserve fresh netlong gold positions [read more]

Bitcoin Rise Again Here's Why.

Bitcoin (BTC) continue Wednesday gain and is up 2.8% this Thursday morning in Asia trading at $8261.61 reaching high $8325.55. Erik Voorhees CEO of instant cryptocurrency exchange platform ShapeShift argued that the volatility seen in bitcoin and altcoin markets over the years is a necessary phenomenon for a nascent asset stating that bubbles are an essential part of the industrys growth.New data suggests that bitcoin growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency Bloomberg reported on May 15. [read more]

Gold Price Breakout Is Imminent

Fundamentals point to brighter days ahead for gold prices says Mike McGlone senior commodity strategist at Bloomberg Intelligence who noted that a breakout is imminent. The key factor to watch for is the dollar he said. The key thing Im watching for is the tradeweighted broad dollars peak near its 16year high and last year we had the VIX volatility index on an annualized basis bottom McGlone told Kitco News. That process should continue and that puts gold in a pretty strong trajectory higher. [read more]

OPEC Supply Cut End In June, Next Meeting 25-26 June

OPEC said world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows pointing to a tighter market if the exporter group refrains from raising output.Top exporter Saudi Arabia cut output despite oil prices hitting 2019 high above $US75 a barrel and US President Donald Trump urging action to lower prices.Supply losses in OPEC members Iran and Venezuela both under US sanctions have deepened the impact of an OPECled productionlimiting deal. The socalled OPEC group of producers [read more]

If You Not A Billionaire In 10 Years, It Your Fault. Said Bitcoin Millionaire.

Bitcoin stage a big come back rising from $5000 to a day high of $8350 yesterday. Giving bullish longterm virtues currencies the opportunity of a lifetime and touting the benefits of sticking it out through the volatile price swings.One such bitcoin millionaire Erik Finman harbours an unusually upbeat prediction for the enterprising few willing to take a chance on bitcoin and blockchain. Finman said bitcoin could certainly mint more than a few millionaires over time.However he told MarketWatch that he was willing to take those earlier comments one step further as [read more]

Bitcoin At $8,100, Here's Why

since January the bitcoin price has increased by 117 percent against the U.S. dollar as it surpassed the $8000 mark on Tuesday.The rapid increase in the bitcoin price has been supplemented with a drastic increase in the volumes of crypto exchanges and cryptobased investment vehicles. Fueled by the rise of bitcoin the valuation of the crypto market has increased from around $111 billion to $237 billion since January recording a $126 billion gain in a fivemonth span.EXCHANGES ARE SEEING RECORD VOLUMES ONLY THE BEGINNING OF BITCOIN [read more]

CNBC's

Get ready to pull the trigger on these stocks Were almost in oversold territory Jim Cramer saysAfter another day of extreme selling Cramer argued it should be safe to start buying among the rubble on Tuesday.The best picks may be in the managed care insurance and telecommunication spaces.Its been a wild ride but were almost in oversold territory and theres not much more China can to do hurt our economy Cramer said.Wall Street is nearly oversold and investors should get ready to load up [read more]

Gold Benefiting From Trades War Uncertainty

Fear is finally making its way back into the financial markets and pushing gold higher. The outlook for gold works as a hedge against the uncertainty of the financial markets thats why XAUUSD is up last week the gold price has been down about 3% across the board and there is fear coming back into the market here.Spot gold opened stronger on Monday in Asia at $1287.48 but sliding to back to $1282.96 20EMA support now trading at $1284.06.Investors hear conflicting things about the economy and inflation [read more]

Oil Price Flat Between This Resistant And Support

Oil price were mixed on Monday with U.S. crude edging lower as investors and traders fretted over global economic growth prospects amid a standoff in SinoU.S. trade talks.U.S. West Texas Intermediate (WTI) futures were at $61.66 per barrel from their previous settlement. Meanwhile Brent crude futures were at $70.73 a barrel from their last close.The trade conflict between the worlds top two economies escalated on Friday with the United States hiking tariffs on $200 billion worth of Chinese goods.The United States and China together accounted for 34% of [read more]

Asia Stocks Down And US Dow Futures Open -200 Monday

American stock indexes are set for a rough start to Monday futures contracts showed.Dow futures were down more than 250 points implying a decline of more than 200 points for the index at its Monday open. S&P 500 Nasdaq and Russell futures were similarly pointing to a negative start for their respective indexes.Markets are continuing to watch for developments in the ongoing trade war between the U.S. and China.On Saturday U.S. President Donald Trump said China should act now to make an agreement or it would risk facing a worse deal if negotiations [read more]

UK Q1 GDP Growth 0.5% From Previous 0.2%

UK GDP growth accelerated at the start of the year new data published on Friday showed.GDP grew by 0.5% in the first quarter of 2019 an initial estimate from the Office for National Statistics (ONS) showed. The figure was in line with economists consensus forecast for quarteronquarter.The result marks an acceleration from the 0.2% GDP growth registered in the final three months of the year.The strength in quarterly growth is in part due to the low December 2018 monthly growth in the base period which makes [read more]

Rumors Being Surfacing On the Internet About Facebook Coin

Social networking giant Facebook is hiring PayPal staff ahead of its alleged cryptocurrency launch Bloomberg reported on May 8.Facebook which could launch its own token as soon as Q3 2019 anonymous sources told the publication.The company began hiring for a dedicated blockchain team last year under the auspices of David Marcus himself a former president of PayPal.Now around 20% of the teams 50 members come from the payments platform a situation reminiscent of the socalled PayPal Mafia executive group of the early 2000s.As Cointelegraph reported Facebooks cryptocurrency debut will likely take [read more]

US Tariffs On China Import Rise From 10% to 25% As From Now

US tariffs on China jump as deadline passes China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.It had been hoped that a resolution could be reached by the two sides prior to a midnight deadline for the tariff hike but no deal materialized.President Donald Trump raised the stakes in his trade conflict with China as the U.S. increased tariffs on $200 billion in Chinese goods.China said in a statement immediately after the midnight [read more]

US Stocks To Buy If An All-Out Trade War Erupts, According To Goldman Sachs

Underlining their point Goldman analysts included a chart showing the relative performance of services against returns for goods during periods of escalating U.S.China trade tensionsWhat do you buy in a trade warAs uncertainty over the outcome of SinoAmerican trade talks grows so does the possibility of longerthanexpected negotiations or an allout trade war.The Trump administration has laid the groundwork to unexpectedly increase duties on $200 billion in Chinese imports to 25% from 10% at 1201 a.m. Eastern Time on Friday. That escalation has prompted strategists at Goldman Sachs to [read more]

Credit Suisse U.S. Equity Strategist Remain Optimism On Wall Street

Mondays trade action which featured a powerful rebound toward the end of the session may suggest lingering optimism on Wall Street. That optimism provides an apt launching point for our call of the day from Jonathan Golub the chief U.S. equity strategist at Credit Suisse.Golub said that his upbeat outlook for equities remains undeterred by recent moves. The strategist says his current yearend target of 3025 for the S&P 500 seems rather tame. It [read more]

Buy this stockmarket decline on Monday. Thats the recommendation of Fundstrat Global Advisors analyst Thomas Lee in a Monday research note in the wake of a tumble by equity indexes across the globe partly inspired by an apparent escalation of ChinaUS trade tensions.President Donald Trump ramped up a conflict between China and the U.S. after he tweeted on Sunday putting a tentative accord between the two countries in doubt ahead of negotiations set to begin this week in Washington.The Dow Jones Industrial Average DJIA the S&P 500 index [read more]

China Trade Surplus Worst Than Expected, This Come As Trump Threaten 25% Tariffs On Chinese Goods

Chinas overall trade surplus posted a big miss in April coming in at $13.84 billion customs data showed far lower than the $35 billion economists polled by Reuters had expected.Dollardenominated exports also missed expectations in April falling 2.7 percent from a year ago according to data from Chinas General Administration of Customs on Wednesday. They were expected to have risen 2.3 percent from a year earlier according to the economists.April imports meanwhile rose 4 percent from a year ago compared to a decline [read more]

Australia RBA Keeps Rate Unchanged

Reserve Bank has kept its powder dry and avoided a controversial preelection rate cut opting to hold the official cash rate at its record low of 1.5 per cent today.Economists and financial markets had tipped the odds of a rate cut at roughly 5050 after official figures last month showed inflation ground to a half in the March quarter.The annualised inflation rate of 1.3 per cent well below the RBAs target band of 2 to 3 per cent proved insufficient to force Governor Philip Lowes hand just 11 [read more]

CNBCs Jim Cramer on Monday said President Donald Trump has the upper hand in trade talks with China and that the country would have to bend a bit to stop tariffs from going higher.At the end of the day the Peoples Republic needs our commerce a lot more than we need their commerce the Mad Money host said. The United States is a cashfueled economy the PRC is a debtladen house of cards. They need our money but do we really need their cheap stuffDespite Trumps threats to increase the tax on $200 [read more]

Despite  Threats  Of Tariffs Increase On Friday, Chinese Vice Premier Still Set To Meet Munchin

Chinese Vice Premier Liu He is still set to lead a Chinese delegation in trade talks in Washington this week U.S. Trade Representative Robert Lighthizer said. The U.S. will increase tariffs on $200 billion in Chinese goods to 25% from 10% on Friday he said. Fears grew about trade talks getting derailed following President Donald Trumps threat to levy new tariffs on Chinese goods. Chinese Vice Premier Liu He is expected to join a delegation in the United States this week a potentially positive sign for a trade [read more]

Oil Price Fell 2% Monday Morning After Trump's Sunday Tweets

Oil prices tumbled by more than 2 percent on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week risking derailing months of trade talks between the worlds two biggest economies.U.S. West Texas Intermediate (WTI) crude futures were at $60.44 per barrel at 0032 GMT on Monday down $1.50 per barrel or 2.4 percent from their last settlement.Brent crude oil futures were at $69.34 per barrel down $1.51 per barrel or 2.1 percent from their last close.Trump on [read more]

Dow Futures Drop -500 Points After Trump's Tweet And China Consider Skipping Trade Talk

A source told CNBC that Chinese Vice Premier Liu He will likely cancel the trip hed planned for himself and a 100person delegation for the final round of talks that U.S. officials had previously said could yield a deal by Friday.A second source said Trumps decision to more than double the tariff rate on $200 billion of goods was meant to send a message to Liu to not come to the U.S. with more empty offers.China may back out of trade talks scheduled for this week with U.S. officials after President Donald Trump threatened Beijing [read more]

Bitcoin Price Hanging On To $5,600

Bitcoin has been able to continue climbing higher and is now nearing its year high price $5604.86. This positive price action has led an incredibly bullish sentiment to abound within the crypto community and many analysts now believe that Bitcoin will incur further gains in the near future as it continues climbing higher.Bitcoin BTCUSD Surges pass $5500 If price of Bitcoin can maintain above $5500 buyer will be more confident that the king of cryptocurrency will return to $6000.Bitcoin has rebounded from its oneweek lows [read more]

Oil Price Slip On US Output

Oil prices slipped on Friday extending a steep fall from the previous session on surging U.S. output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines.Brent crude oil futures were at $70.56 per barrel down 19 cents or 0.3 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were down 7 cents at $61.74 per barrel.Both crude futures lost almost 3 percent in value the previous session.Oil prices have fallen [read more]

What You Need To Know For Tonight 20:30 (HK/SG)  NFP

Friday brings the U.S. jobs report nonfarm payrolls are projected to rise by about 190000 in April. Economists expect an unemployment rate of 3.8 percent with average hourly earnings growth picking up to 3.3 percent.click link on how to trade NFP from NASDAQ analysts [read more]

Oil Price Fell As US Surge In Stockpiles, But Long Term OPEC Price Target Remain

Oil prices fell on Thursday pulled down by record U.S. crude production that led to a surge in stockpiles.Outside the United States however oil markets remained tense as exemptions to U.S. sanctions on Iran expired a political crisis in Venezuela escalates and as producer club OPEC keeps withholding supply.Spot Brent crude oil futures were at $71.91 per barrel at 0239 GMT 27 cents or 0.4 percent below their last close.U.S. West Texas Intermediate (WTI) crude futures were down 19 cents or 0.3 percent at $63.41 per barrel. [read more]

US-China Trade Deals

A USChina trade deal is possible by next Friday sources sayThe U.S. and China may announce a trade deal by next Friday sources tell CNBC.The worlds two largest economies have pushed for an agreement to end an ongoing trade dispute.While Washington and Beijing have repeatedly cited progress in the talks some sticking points have prevented a final agreement.A U.S. delegation met with Chinese negotiators in Beijing on Wednesday as the worlds two largest economies try to hammer out details of an agreement. Chinese Vice Premier Liu He will travel [read more]

Fed's Chair Words Send Market Stumbling

KEY POINT ON FED CHAIR WORDS ON FOMCFed Chairman Jerome Powell described low inflation as likely transitory not persistent.Powell speaking after the Feds meeting said the central bank would consider policy moves if inflation was persistently low.The markets have been pricing in a Fed rate cut and Powells comments suggest the Fed is not considering a cut at this point.It only took one word from Fed Chair Jerome Powell on inflation to send the markets reeling and that word was transitory.Traders have been speculating that recent weaker inflation readings would concern the Federal Reserve so [read more]

OPEC Uncertain About The Cartel Next Move

Oil ends mixed uncertainty surrounds OPECs next move after Trumps latest call for output boostCrudeoil futures ended higher on Monday with U.S. prices managing to recoup a small portion of last weeks loss but fail to hang on to it gain this Tuesday.Uncertainty surrounds OPECs next move in the wake of U.S. President Donald Trumps latest call on the Saudis and their allies to boost crude production.The Saudis may have some difficulty in finding an incentive to raise output however. The Saudis need an oil price of about [read more]

What You Need To Know For Wednesday FOMC

Heres what you need to know about the next FOMC meeting and the potential for a change in interest rates.The Federal Reserves policymaking Federal Open Markets Committee or FOMC is set to meet on Tuesday and Wednesday (Asia Pacific Wednesday and Thursday). This will be FOMCs third meeting of 2019 and although no interest rate movements are expected investors will still be watching the outcome of this meeting closely to see if the Fed still plans to be patient when it comes to further interest rate changes.With [read more]

The S&P 500 & Nasdaq Achieved Records High

The S&P 500 set an intraday record high of 2949.52 and closed at 2943.03 on Monday bolstering the view that the decadelong bull market has further to run after consumer spending rose in March and inflation data was benign. The S&P 500 is now up more than 17% for the year to date.The index along with the Nasdaq posted another record close as well on Monday at 8161.85. The Dow Jones Industrial Average rose 11.06 points or 0.04% to 26554.39. The [read more]

Bank Of England Rate Decision On Thursday

United Kingdom are downplay the prospect of the Bank of England (BOE) rising rate at its policy decision on Thursday low unemployment and the UKs Brexit extension may prompt one or more officials to vote for an increase according to some strategists.With no rate hike until 2021 focus will be on the Brexit uncertainty and political risks the strength of labourmarket and retailsales data. Both UK government bonds and the pound have been trapped in a range by the lack of progress on Brexit in recent [read more]

A Very Busy Week For Markets, FOMC, Big Data & 150 Companies To Report Earning

Investors brace for a rollercoaster week ahead with Fed decision and Apple Alphabet earningsThe Fed is the big event for markets in the week ahead although there are about 150 S&P 500 companies reporting and some major economic data including Fridays jobs report.Fed Chairman Jerome Powell is expected to try to keep markets calm and stress the Fed has patience and that it will hold rates steady but stronger U.S. data may make the central bank sound a little more hawkish than it would like creating volatility. Apple Alphabet and major drug [read more]

Microsoft Is Now $ 1 Trillion Market Cap Company.

Microsoft hits $1 trillion market cap after earnings beat estimatesMicrosoft reported fiscal thirdquarter results after the close of trading Wednesday.Earnings and revenue beat estimates.The stock has climbed 34% in the past year and jumped further in extended trading.Microsoft reported fiscal thirdquarter results on Wednesday and the stock jumped more than 3% on betterthanexpected earnings and revenue.Here are the key numbersEarnings $1.14 per share excluding certain items vs. $1.00 as expected by analysts according to Refinitiv.Revenue $30.6 billion vs. $29.84 billion as expected by analysts according to Refinitiv.Microsoft shares are trading near [read more]

The Aud Fell Sharply To 7 Weeks Low Ahead Of Next Week Rate Cut

The Australian dollar has fallen sharply to a sevenweek low as the chances of the Reserve Bank cutting interest rates next month have surged.AUD 0.70185 US cents against GBP 1.83838 EUR 1.58919 JPY 0.00131It was a significant drop from its value before Good Friday AUDUSD high we 0.71991. The currencys selloff was sparked by yesterdays weak consumer price index (CPI) with the figures revealing that core inflation (at 1.4pc) had drifted to [read more]

US Trades Representative Treasury Secretary To Travel To Beijing To Continues Trade Negotiations

The U.S. will send a highlevel delegation to Beijing next week as trade negotiations with China continue.U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to Beijing for talks that start on April 30 Press Secretary Sarah Huckabee Sanders said in a statement. They will meet with Chinese Vice Premier Liu He.Following those talks Liu will lead a delegation to Washington for further discussions that begin on May 8.The worlds two largest economies have been embroiled in a trade dispute since last year that spooked world markets and [read more]

A Look At Next Week FOMC As Fed Fund Rate Keep Rising

The Feds key interest rate keeps climbing higher and that could become a problemThe Federal Reserves benchmark interest rate has risen to 2.44% the highest its been since the central bank began raising rates in December 2015.In addition the funds rate has passed the interest on excess reserves which had acted as a bulwark against the benchmark.Fed officials are likely to take up the issue at their meeting next week though no action is expected in the near future.The Federal Reserves benchmark interest rate has inched up to its highest level in 11 years even though the [read more]

S&P 500 Closed At New Record High Tuesday

The S&P 500 and Nasdaq closed at record highs Tuesday as investors cheered the latest batch of solid corporate earnings including those from bluechip CocaCola Co. and socialmedia brands such as Twitter Inc.The Dow Jones Industrial Average DJIA rose 145.34 points to 26656.39 less than 1% away from its record. The S&P 500 index SPX  added 25.71 points to 2933.68 and the Nasdaq Composite COMP gained 105.56 points to 8120.82.With earnings continued to dominate the market several Dow components such as CocaCola KO [read more]

Tennis Star Serena William Invest In Cryptocurrencies

World famous tennis player Serena Jameka Williams revealed in an Instagram post published on April 17 that in 2014 she launched her investment business Serena Ventures and silently invested in over 30 companies including major cryptocurrency exchange Coinbase.According to the official website of Serena Ventures the market cap of the portfolio is over $12 billion and the diversity of the founders of the companies in which the firm invested is 60%. The website further notes that the fund is focused on early stage companies encourages collaboration among [read more]

Don Not Expect Oil To Rally Despite US Tightening Sanctions On Iran, says Goldman Sachs

Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on IranOil prices jumped more than 2% in the previous session hitting their highest level this year amid intensifying concern about global supplies after the U.S. announced a further clampdown on Irans oil exports.International benchmark Brent crude traded at $74.40 Tuesday morning up around 0.5% while U.S. West Texas Intermediate (WTI) stood at $65.93 almost 0.6% higher.Goldman Sachs expects the United States decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited [read more]

Gold Price Outlook

Gold trading flat after a long weekend in the US and Europe market is mixed for the precious metals with gold and silver trading and platinum closing lower on Monday but trading above their closing price on this Tuesday.  The U.S. dollar index is hovering around 97.00 Gold is currently trading flat at $1275. Silver at $14.97.  The largest percentage draw down today can be seen in platinum the precious white metal remains as the highest priced metal when compared to gold silver and platinum. However in Monday trading it lost $6.39 from [read more]

Gold Price To Reach $1,400 By Year End, Expect Says On CNBC

Gold could hit $1400 by the end of 2019 expert saysGold prices could move higher later this year on the back of Fed dovishness on interest rates purchases from central banks and lingering global uncertainties said Martin Huxley global head of precious metals at financial services firm INTL FCStone.Huxley told CNBC that gold could grind higher in the second half of the year and possibly reach $1400 an ounce.A key factor boosting gold is the U.S. central banks signal that [read more]

Earning Calendar for Selected Stocks By NASDAQ

[read more]

IBM To Report Earning After Market Closed Tuesday, Here's Is What You Need To Know

International Business Machines Corp. needs to show how the shortterm pain of declining revenues is going to pay off as the company keeps shifting toward a more servicesoriented business.IBM IBM 0.31%  is scheduled to report firstquarter earnings after the close of trading on Tuesday.Stifel analyst David Grossman who has a buy on IBM said the first quarter is usually seasonally weak so he doesnt expect any changes to IBMs outlook. Last earnings report the company forecast adjusted earnings of at least $13.90 a share [read more]

US Earning Seasons Kickoff This Week, Here is What You Need To Know

Quarterly earnings for the S&P 500 are expected to decline for the first time since the second quarter of 2016 even though the index is just 2% from its historic high.Firstquarter earnings for the S&P 500 are projected to decline 2.5% from last yearStocks up with earnings downIt indicates the market could be very sensitive to macro events like tariffs or slower global growth.Many industries that were under pressure in the fourth quarter have snapped back in 2019 on the bottoming story. [read more]

Theresa May Met Marcon And Merkel For Delay Help

Pound Sterling betrayed the nerves of wary currency traders it oscillated between gains and losses on Tuesday as markets kept an eye on UK Prime Ministers whistlestop tour to two of the European Unions most influential states aimed at trying and secure a Brexit extension that would prevent the UK leaving the EU without a deal on Friday April 12.May is using meetings with Germanys Angela Merkel and Frances Emmanuel Macron to ensure any delay offered is not too short and is not subject [read more]

IMF Chief Cut 2019 Global Growth Outlook

IMF cuts 2019 growth outlook again says risks are skewed to the downsideThe IMF expects the world economy to grow by 3.3% in 2019 down from 3.5%.Trade tensions and the potential for tighter monetary policy are among the risks cited by the fund.The balance of risks remains skewed to the downside the IMF says. Failure to resolve differences ... would lead to higher costs of imported intermediate and capital goods and higher final goods prices for consumers.The International Monetary Fund again [read more]

Analysts See USDJPY At 120 By Year End

The yen is the secondmost shorted currency and it could be about to rally says one currency strategistThe relentless recovery in U.S. equities from their December 2018 lows shows no sign of abating with major indexes now in striking distance of alltime highs.But one asset often correlated with equity markets and global sentiment in general the U.S. dollarJapanese yen cross rate USDJPY has sat out the rally and while traders continue to bet on it rise any hiccup in the equity rally could spell trouble for [read more]

European Council President Donald Tusk Offer Flexible 12 Months Extension

EU chief Donald Tusk to reportedly offer flexible 12month Brexit extension to UKEuropean Council President Donald Tusk has proposed to allow the U.K. the flexibility to leave the EU whenever British lawmakers approve and ratify a deal within the 12month period.European Council President Donald Tusk has proposed allowing the U.K. a 12month flexible extension to leave the European Union the BBC reported on Friday.Citing a senior EU source the BBC said leaders of the political and economic bloc would need to agree [read more]

British Pound Will Rally +3% If Brexit Go Through

Sterling will rally 3 percent if the Brexit gridlock is resolved and Britain looks likely to leave the European Union with a deal but the currency will tumble 5 percent if negotiations fail a Reuters poll found.The pound tanked after the June 2016 referendum result as predicted by Reuters polls beforehand and was trading at around $1.31 on Thursday far weaker than it was ahead of the vote.Since the decision to leave the pound has gyrated wildly on any Brexit news and largely shrugged off economic data including recent [read more]

March NFP, Friday 08:30 E.T. Here What You Need To Know

The Bureau of Labor Statistics delivers its latest reading on the U.S. labor market on Friday at 830 a.m. ET (2030 HKSG) Wall Street economists forecast the U.S. economy to added 175000 nonfarm payrolls in March wage growth of 0.2 0.3 percent and a lower unemployment rate at 3.7 3.8 percent.If the actual result is 175000 to 180000 it show a moderating from last years average of 220000. Its still a good number but not a 22000 or 225000 and that will means employment is cooling like [read more]

Chinese Vice Premier Liu He Says, 'New Censensus' On Trades Talk

Chinese Vice Premier Liu He met U.S. President Donald Trump at the White Houses Oval Office on Thursday.The two countries are trying to strike an agreement and end a potentially devastating trade conflict.Chinese President Xi Jinping through a message conveyed by Liu told Trump that both sides have made new and substantial progress on key issues regarding trade in the past month according to Xinhua.Chinese Vice Premier Liu He said a new consensus has been reached between China and the U.S. on the text of a trade [read more]

S&P 500 Could Hit 3,000 Next Month, According To JP Morgan.

Top J.P. Morgan strategist Marko Kolanovic predicts new highs ahead for the stock market.He says its possible the S&P 500 could hit his firms yearend price target of 3000 by the end of May.New highs are ahead for the stock market top J.P. Morgan strategist Marko Kolanovic told CNBC  Fast Money on Wednesday.In fact he said its possible the S&P 500 could hit his firms yearend price target of 3000 by the end of May.However a couple of things would need to happen such as a U.S.China [read more]

U.K. House Of Commons Approved Brexit Delay, GBP React Positively

Sterling won a boost after Conservative leader May declared late Tuesday she would look for another Brexit delay and softened her position ahead of Britains scheduled departure from the European Union next week.After her deal and many other options failed to win the British parliaments approval May changed tack by meeting with Britains opposition Labour Party leader Jeremy Corbyn to find a compromise on WednesdayThe announcement was winwin for the pound Oanda analyst Craig Erlam told AFP.Not only did May reaffirm her opposition to no deal shes [read more]

Trump Scheduled To Meet Chinese Vice Premier Liu He 16:30 E.T.

U.S. President Donald Trump is planning to meet with Chinese Vice Premier Liu He on Thursday according to a White House schedule.The event is scheduled to take place at 430 p.m. ET (0430 HKSG) in the Oval Office.That comes as Washington and Beijing appeared to be closing in on a deal that would put an end to their ongoing trade war.White House economic advisor Larry Kudlow told reporters Wednesday that Beijing had acknowledged that the United States has legitimate gripes about intellectual property theft forced technology transfer [read more]

Australia's RBA Keeps Rate Unchanged At 1.5%

Australias central bank keeps its cash rate unchanged at 1.5 percentAustralias central bank stuck to its neutral stance on Tuesday but acknowledged downside risks to growth have increased both globally and at home as local data showed shoppers kept their wallets tightly shut during Christmas.The Reserve Bank of Australia (RBA) trimmed its forecasts for growth and inflation in a sign that a rate hike was far off the horizon even as it met expectations in leaving policy at a record low 1.50 percent for a 30th [read more]

FOMC To Rise Rate Once In 2019 But Trump And His Advisers Are Calling For Rate Cut Now

Federal Reserve Chairman Jerome Powell is not having an easier time of it even after the central banks policy pivot boosted financial markets.The White House is now pressuring the Fed to cut interest rates rather than hold the line as is the current intention.Theres also the prospect that economic commentator Stephen Moore would bring a strong dissenting voice to the Federal Open Market Committee.Life isnt getting any easier for Federal Reserve Chairman Jerome Powell.The central bank chief fresh off a year of intense criticism from [read more]

Brexit: MPs Reject All Options In 2nd Round Of Indicative Votes

summaryThats all from us this evening so heres a summary of the latest eventsMPs have once again rejected each of the alternative Brexit plans. All four of the proposals brought to the Commons on Monday evening failed to gain a majority.The cabinet will meet on Tuesday morning to discuss the way forward with the Brexit secretary warning that the UK is hurtling towards a nodeal scenario. The European Parliaments Brexit coordinator Guy Verhofstadt said a hard Brexit was [read more]

What Will Happen To Brexit This Week? Explain By TheGuardian.com

Will we finally find out how Brexit will happen this weekOut of all the difficult weeks faced by Theresa May this one looks to be the trickiest yet. She will most likely have another go at getting her meaningful vote through parliament on Tuesday if the speaker allows it. If it fails MPs will most likely attempt to force a softer Brexit with a customs union potentially trying to make it enforceable through legislation as soon as Wednesday.Is Theresa Mays deal dead [read more]

The Week Ahead 01-05 April

It that time of the month again where all focus will be on Marchs NonFarm Payroll investors are hoping for a rebound after a disappointing February jobs report.The U.S. economy added a muted 20000 jobs in February but is expected to have added 178000 nonfarm payrolls in March according to economists surveyed by Bloomberg. The unemployment rate is anticipated to have stayed steady at 3.8%.This come as the U.S. economy is slowing from a fairly strong position. Employment growth has been fairly strong unemployment is low and household balance [read more]

OPEC Supply Cuts Lead Price Higher

SINGAPORE (Reuters) Oil prices rose on Friday pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela which have given crude markets the biggest first quarter price push since 2009.U.S. West Texas Intermediate (WTI) futures were at $59.54 per barrel at 0100 GMT up 24 cents or 0.4 percent from their last settlement.Brent crude oil futures had yet to trade.Oil prices have been supported for much of 2019 by efforts by the Organization of the Petroleum [read more]

Teresa May Last-Ditch To Push Brexit Deal

Theresa May to make lastditch attempt to push through her Brexit deal on FridayA series of votes in the U.K. Parliament shows that political deadlock over Brexit is as strong as ever.None of the eight indicative votes received overwhelming backing but the votes clearly showed a strong opposition to leaving the EU without a deal.Heres the lowdown on what just happened and what could happen next.Prime Minister Theresa May will make a lastditch attempt to push through her [read more]

Warren Buffett: Slight Slow Down In Economic, But Buffett Is Not Concerns Adding US Is Still The Best Place To Invest Money

Billionaire Warren Buffett said Thursday that economic growth has lost some steam recently.It does look like the pace of increase in the economy has slowed down the chairman and CEO of Berkshire Hathaway told CNBCs Becky Quick at The Gatehouses Hands Up for Success luncheon in Grapevine Texas. Id call it somewhere close to noticeably but I wouldnt go beyond that.Buffett noted that a slowdown in BNSF the railroad company owned by Berkshire is flashing a signal of slower growth but added that some of the [read more]

US Q4 GDP Revised Lower

The U.S. economy may have slowed more sharply than previously reported at the end of 2018 potentially dragging fullyear growth below the 3 percent mark that President Donald Trump has boasted about achieving.Economists expect the fourthquarter annualized pace of expansion to be revised down to as low as 1.8 percent from the original figure of 2.6 percent according to a Bloomberg survey where the median estimate is 2.3 percent. Reasons include new or revised data on retail sales and construction spending and services.Headed [read more]

Credit Suisse:

The U.S. Federal Reserve has captured a lot of attention over the past week but the trade negotiations between Washington and Beijing that will have a greater impact on stock markets in Asia said Neil Hosie Credit Suisses head of equities for Asia Pacific speaking to CNBC at the Credit Suisse Asian Investment Conference.Negotiators from the U.S. and China are scheduled to meet in Beijing for their next round of talks starting Thursday.While the U.S. Federal Reserve has captured a lot of investors attention over the past week [read more]

What The MPs Vote On Alternative

How did my MP vote on Parliaments BrexitMPs have been voting on eight different options for the next steps in the Brexit process including leaving without a deal revoking Britains departure from the European Union or seeking a customs union.None of the proposals earned a majority of parliamentary support.To find out how your MP voted on each of the options use the lookup below.Ken Clarkes customs union proposal came closest to securing a majority losing by eight votes 272 to [read more]

ECB President Mario Draghi Says

ECBs Draghi says a soft path doesnt necessarily signal a serious economic slumpHis comments come after the central bank downgraded its growth projections for the region earlier this month. The euro area is set to grow 1.1 percent this year down from a December forecast of 1.7 percent. The ECB announced further expansionary measures in early March. These included another program to stimulate bank lending in the euro area and pushing back the timing for a rate hike. European Central Bank (ECB) President Mario [read more]

UK House Of Common Will Votes On Brexit Alternative Wednesday, Here's What To Expect

Reporter Michael Higgins examines the key issues at play in this vital week in the U.K.EU breakup.Did hardline Brexiteers blinkA large number of Conservative lawmakers under the banner of something called the European Research Group (ERG) are among the hardliners who have consistently voted against British Prime Ministers Theresa Mays Brexit deal. Fellow Tories have even accused them of treachery for their support of a hard Brexit. Now the chairman of the group Jacob ReesMogg is suggesting he is willing to back Mays deal. The choice seems to be Mrs Mays [read more]

Southwest Boeing 737 Max Makes Emergency Landing In Orlando, After Hour BA Stock Fell -$2.00

Southwest Boeing 737 Max makes emergency landing in Orlando FAA cites engine issue unrelated to recent crashesThe crew of a Southwest Airlines Boeing 737 Max declared an emergency shortly after takeoff from Orlando.They reported an engine problem unrelated to issues that prompted the FAA to ground the planes the agency says.No passengers were aboard the plane. Southwest is ferrying the planes for storage in California.The crew of a Southwest Airlines Boeing 737 Max declared an emergency shortly after takeoff and returned to Orlandos main airport on Tuesday [read more]

UK MPs Took Control Of The Brexit Process

London (CNN)British lawmakers have temporarily seized control of the Brexit process from Prime Minister Theresa May in a rare move that puts lawmakers in the driving seat.MPs defied the government on Monday evening to vote 329 to 302 in favor of an amendment giving them control of Parliaments agenda on Wednesday and clearing the way for a series of alternative votes to Mays widely criticized withdrawal agreement with the European Union.Come Wednesday lawmakers could vote on as many as seven different options which might include a second referendum [read more]

Ex-Fed Chair Janet Yellen Says Bond Market Could Be Signaling A Rate Cut

Former Fed Chair Yellen says bond market could be hinting need for rate cut not a recessionYellen who led the Fed from 2014 to 2018 was asked at a Hong Kong conference about the yield curve and whether it signals a looming downturn.My own answer is no I dont see it as a signal of recession Yellen says.Yellen also says she doesnt see a recession as particularly likely though she stresses that the U.S. economy is indeed slowing.HONG KONG Janet Yellen the former chair [read more]

Apple's Event: Apple Card, Apple Arcade, TV Plus, Bundle Services And Many More

Apple targets payments news TV and videogames in event detailing new subscription servicesApple Inc. deepened its push into services on Monday announcing a credit card launched in partnership with Goldman Sachs Group Inc. as well as new streaming services centered on news videos and gaming.The companys announcements were largely expected but nonetheless show Apples AAPL 1.21%  commitment to bolstering its services offerings as its core revenue stream iPhone sales faces a tough path toward growth. Though Apple didnt disclose pricing for most of the [read more]

What Mueller's Report Mean To Wall Street

Heres a wrap of what Wall Street investors think the Mueller findings mean for the stock marketWall Street is scrambling to figure out what the conclusions of special counsel Robert Muellers longawaited investigation means for the stock market.While many investment and equity strategists told CNBC that Attorney General William Barrs letter about Muellers report relieves a persistent concern few had expected a disastrous outcome for President Donald Trump.No one fully contemplated an impeachment Its just so hard to do said Art Hogan chief market strategist at National [read more]

Today Is Apple's Live Special Event At Steve Job Theater, Here's What We Know

This week Apple (AAPL) is expected to continue its campaign to try and convince investors that its future is in services rather than hardware.The tech giant is widely anticipated to unveil two new offerings at its Monday special event a video streaming service and news subscription platform.Apples public pivot to services began in earnest at the start of the year after the company unexpectedly slashed its quarterly revenue forecast amid lowerthananticipated iPhone sales. Since then management has pushed its [read more]

The Week Ahead 25-29 March

The Week AheadA host of economic data releases will also be a focal point this week after a softening outlook from the Federal Reserve and weak manufacturing sector data last week reignited concerns of an economic slowdown.One of the key data will come late in the week with results on personal income and spending released Friday by the Bureau of Economic Analysis. The expected rebound in personal income and spending would coincide with a stock market that posted its best twomonth start to the year since 1991 along with [read more]

China's Alibaba Partners With Chinese Software To Promote Blockchain Development

Chinese ecommerce conglomerate Alibaba and Aerospace Information Co. a major software developer and provider have signed a strategic cooperation agreement for cloud computing blockchain and other technological services development. Chinese finance publication Securities Daily reported on the deal on March 21.The two parties have agreed to take advantage of their respective brand technologies to actively integrate resources and carry out indepth cooperation in in the fields of cloud computing services finance and taxation government affairs and blockchain technology among others.As the publication states Aerospace Information will collaborate with Alibaba to work [read more]

Oil Is Set To Rise, But The Rally May Not Last

Oil Is Set To Rise But The Rally May Not LastThe United States is no longer oversupplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward.An unexpected 9 million barrel (mmb) crude oil withdrawal from storage this week moved comparative inventory (C.I.) below the 5year average. That shifted C.I. to into negative territory at 5 mmb for the first time since September 2018.The bad news is that it [read more]

US Stocks Closed Higher Thursday Lead By Apple And Other Tech's Stocks

U.S. stocks closed higher Thursday on the back of a rally in the technology sector while shares of Apple Inc. surged helping to propel the Dow.The markets strong upside momentum comes a day after the Federal Reserve signaled that it was unlikely to raise interest rates this year amid worries over slowing economic growth.The S&P 500s information technology sector provided much of the buoyancy for the broader market rising 2.5%. Apple lead stocks but the gains werent enough for the iPhone maker to wrest [read more]

Trump:

President Donald Trump has warned that US tariffs on $250 billion of Chinese exports are unlikely to go away anytime soon even if the two countries reach a deal to end their trade war.Were not talking about removing them were talking about leaving them for a substantial period of time Trump said Wednesday. The tariffs are in place to make sure that China lives by the deal he added.The United States and China the [read more]

Detail On FOMC Decision And Fed Chair News Conference

Fed holds line on rates says no more hikes ahead this yearThe Fed indicates that no more rate hikes will be coming this year.The announcement comes three months after the central bank said two hikes would be appropriate in 2019.The central bank also says it will complete its balance sheet rolloff program at the end of the September.The Fed also reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook. [read more]

US Stocks Close Mostly Lower Wednesday After Fed's Decision

U.S. stocks closed mostly lower Wednesday failing to defend gains on the back of the Federal Reserves decision to keep key interest rates unchanged as widely expected.The central bank also signaled no further rate hikes this year in line with its views of tame inflation and slower economic growth. But the Feds latest stance battered financial shares as the industry tends to suffer in a lowrate environment.The Fed maintained its accommodative stance and its dot plot indicated that it will end its [read more]

PM May Going To EU Summit On Thursday To Request Delay

EU Said to See MidApril Date for U.K. to Decide Brexit FateThe European Union is likely to tell Theresa May that she must decide by midApril whether to extend Brexit until 2020 or risk leaving in three months without a deal a senior EU official said.At a summit in Brussels on Thursday leaders are likely to deliver an ultimatum that would give the British premier just three weeks to decide whether to gamble on getting the current Brexit deal through British Parliament by [read more]

What's Next For FOMC? Here's 3 Things You Need To Know.

Fed officials are meeting for two days ending Wednesday. The central bankers will release a statement and their latest economic forecast and interestrate projections at 2 p.m. Eastern. Fed Chairman Jerome Powell will cap it off with a press conference at 230 p.m.Here are three things that economists said they will be watching for from the dot plot.1. How many interestrate hikes will the dot plot project The safe bet favored by most economists is the Fed lowers the projected path [read more]

Stocks Closed Lower As Investors Focus On Trade-talk and FOMC

U.S. stocks closed mostly lower Tuesday with the Dow Jones Industrial Average snapping a fourday winning streak as investors tried to make sense of a pair of conflicting reports on U.S.China trade talks. A Bloomberg News report that China is pushing back against U.S. demands for concessions in bilateral trade talks dampened market sentiment with major indexes coming off intraday highs. Chinese officials are reportedly indicating that the U.S. has not made sufficient assurances that President Donald Trumps administration will lift tariffs on Chinese goods in [read more]

French Air Crash Investigator BEA:

French accident investigator BEA has downloaded data from the doomed Ethiopian Airlines planes black boxes.The flight data recorder showed clear similarities between the Ethiopia crash and another Boeing 737 Max that went down in October.The two crashes killed 346 people.Flight data recovered from the wreckage of an Ethiopian Airlines jet showed clear similarities to another deadly crash of one of Boeings topselling 737 Max aircraft last October according to the French accident investigator that downloaded the information.Investigators who verified the data from [read more]

UK House Speaker Block PM May For Another Brexit Parliament Votes

Bercow suggests he will not allow another Brexit deal vote unless EU agrees further changes as it happenedTheresa Mays government has been plunged into constitutional chaos after the Speaker blocked the prime minister from asking MPs to vote on her Brexit deal for a third time unless it had fundamentally changed.With 11 days to go until Britain is due to leave the EU May was forced to pull her plans for another meaningful vote because John Bercow said [read more]

US Stocks End Higher Await Fed Meeting

Stocks closed on a positive note on Monday to extend last weeks broadbased rally even as Boeings travails dragged on the bluechip Dow. The S&P 500 SPX 0.37% rose less than 0.4% to end near 2833. The Dow Jones Industrial Average DJIA 0.25% advanced 65 points or less than 0.3% to finish near 25912 based on preliminary numbers. The Nasdaq Composite COMP 0.34% rose 0.3% to end around 7714. The Dow notched its fourth straight consecutive gain. The S&P and [read more]

Fed Meet Later This Week

The U.S. Federal Reserve is set to meet on Tuesday and Wednesday stateside Powell and his colleagues will leave the Feds benchmark overnight interest rate unchanged in a range of 2.25 percent to 2.50 percent and stick to their pledge of a patient approach to monetary policy is effectively a given. The Fed also is likely to announce the end of its operation to unwind its balance sheet.The big reveal though will be whether policymakers will have sufficiently lowered their interest rate forecasts to more closely align their notorious dot plot [read more]

Another Brexit Parliament's Votes, Here's Four Possible Outcome

With MPs due to vote on Mays deal a third time here are four scenarios that might play outAfter Theresa Mays deal was voted down for a second time last Tuesday and with just days to go before EU leaders meet in Brussels to discuss a potential article 50 extension this looks like yet another crunch week for Brexit. What could happen1. Mays deal scrapes over the line short technical Brexit delayThe governments deal was [read more]

A Busy Week Ahead, Here's What You Need To Know

This week events and data that will possiblly move the markets starting with a possible EU agreement to extend Brexit. Another Brexit deal vote is due to take place. A vote in favor of the deal would then lead to a 3month extension to Brexit request. A vote against and expect chaos ahead. EU member states must all agree on any extension. They may press for a much longer extension than 3months. Politics and tradesThere are no material stats due out this week. The U.S China trade talks will [read more]

US-China Trade-deal Dateline Delay For 3-4 Weeks

Trump Well know in next 3 or 4 weeks about possible China trade dealPresident Donald Trump said Thursday the U.S. will probably know in the next three or four weeks about a possible trade deal with China.If that one gets done it will be something that people will be talking about for a long time Trump said in remarks during a St. Patricks Day reception from the White Houses East Room.President Donald Trump said Thursday the U.S. will probably [read more]

UK Parliament Voted To Delay Brexit.

The UK Parliament has voted to postpone the Brexit deadline but its now up to the European Union to agree to an extension.Prime Minister Theresa May put forward a measure Thursday that sought to delay the UKs exit from the EU beyond the current March 29 deadline. Parliament voted 412 to 202 in favor.Parliament approved the extension a day after it voted against leaving the European Union without some sort of deal in place and two days after members of [read more]

US Stocks Closed Lower On US-China Trade-deal Delay

U.S. stocks closed mostly lower Thursday as investors digested headlines suggesting progress toward a U.S.China trade deal has stalled against the backdrop of weakerthanexpected Chinese economic data. A meeting between President Donald Trump and Chinese President Xi Jinping will be delayed until at least April Bloomberg News reported indicating that a bilateral trade deal will not be finalized this month.The news comes after Trump told reporters in the White House on Wednesday that he was in no rush to strike a trade agreement and said there remained the possibility that he could [read more]

Trump Said He Will Walk Away From The Trade Talk If It Not To His Liking

WASHINGTON President Donald Trump on Wednesday dangled the prospect of walking away from a new trade deal with China if its not to his liking just as he cut short his summit with North Koreas Kim Jong Un when the two sides failed to reach an agreement.Trump spoke on the state of negotiations with China shortly before meeting with Republican senators on trade issues. He spoke optimistically of the U.S. and China being able to reach an agreement declaring that China has not been doing well. Weve been doing unbelievably [read more]

UK Parliament Voted, Rejecting A 'No-Deal' Brexit

photo by alamy stock photoUK Parliament rejects leaving the EU without a Brexit dealParliament says it doesnt want a nodeal Brexit. Now it will vote on whether to ask the European Union for a delay as Prime Minister Theresa May pushes for a third vote on her Brexit deal.The deeply divided British Parliament can only seem to agree on one thing It doesnt want the United Kingdom to leave the European Union without a deal.The UK Parliament rejected a no deal Brexit on Wednesday. This [read more]

US Stocks Closed On Stronger Than Expected Economic Datas

U.S. stocks closed higher Wednesday with the S&P 500 posting its highest close in more than four months as investors parsed economic data that included strongerthanexpected durable goods orders and further signs that inflation remains subdued.Shares of Boeing ended a sevenday losing streak despite continued concerns about the safety of its cutting edge 737 Max 8 continued unabated following the second deadly crash involving the model in Ethiopia over the weekend.The U.K. Parliament on Wednesday voted against a nodeal Brexit [read more]

Gold Higher After Brexit Parliament Votes

Gold moved up as U.K. Prime Minister Theresa May suffered second Brexit defeat in just three months raising market concerns over the quickly approaching March 29 Brexit deadline.UK parliament voted on Tuesday to reject Prime Minister Theresa Mays Brexit deal by 391 votes to 242 after May said she secured legally binding changes to her Brexit deal.Gold climbed above its key psychological level of $1300 with April futures last trading at $1301.40 up 0.80% on the day.Kitcos senior [read more]

UK Parliament Reject PM May Brexit Deal

Theresa Mays revised Brexit deal has been defeated in the House of Commons as MPs voted against it by 391 to 242 despite last minute assurances over the Irish backstop.The last time Mrs Mays withdrawal agreement was put to Parliament in January it was voted down by 432 to 202.With Mays plan rejected a vote about leaving the UE without a deal will take place Wednesday and if not approved on Thursday the Parliament will decide on a Brexit extension. Markets remain quiet after the vote. As of writing PM [read more]

Both Nasdaq And S&P500 Closed UP But DJI Drag Down By Boeing

U.S. stocks closed mostly higher Tuesday led by the health care and utilities sectors while the Dow Jones Industrial Average retreated as shares of Boeing Co. which is the largest component priceweighted of the Dow Boeing BA 6.15% sank another 6.2% after losing 5.3% Monday.The U.K. Parliaments rejection of Prime Minister Theresa Mays Brexit deal in part as the outcome had been anticipated. Lawmakers will now have to decide whether they want a Brexit without a deal or possibly extend the March 29 deadline for leaving the European Union.On Trade Chian [read more]

UK PM May Secures 'Legally-Binding Changes' To Brexit Deal

LONDON The British government said Monday that frenzied lastminute diplomacy had won legally binding changes to overcome a roadblock in its BREXIT deal with the E.U. hours before Parliament was due to decide the fate of Prime Minister Theresa Mays hardwon agreement and of Britains departure from the EU.On the eve of Tuesdays vote May flew to the French city of Strasbourg where EU legislators were meeting for nighttime talks with European Commission President JeanClaude Juncker. The prime minister was seeking revisions guarantees [read more]

US Stocks Closed +200 Broke % Days Lossing Streak

U.S. stocks snapped a fiveday losing streak to close higher Monday as technology shares rallied offsetting some of the gloom from Boeing Co.s woes. Shares of Boeing BA 5.33% had their worst day in nearly five months falling 5.3% at session lows the Dows most heavily weighted companys stock was down more than 13% subtracting 152.77 points from the Dow on the day. Boeing has delivered about 350 of its bestselling 737 Max planes with orders for more than 5000 more.Last week Boeing Chief Executive Officer Dennis Muilenburg told an aviation conference [read more]

Boeing Stock Down Over -$40 or 9.67% Pre-market

Dow Jones Industrial Average futures fell sharply on Monday amid concerns that heavily weighted Boeing Co. will drag the main index lower after the second deadly crash in six months involving one its planes.How are major indexes faringDow Jones Industrial Average futures YMM9 0.79%  slid 185 points or 0.7% to 25343 while S&P 500 futures ESM9 0.02%  were unchanged at 2753.25. Nasdaq100 futures NQM9 0.12% gained 10 points or 0.1% to 7067.75.The Dow Jones Industrial Average DJIA 0.09% logged its longest losing streak [read more]

Federal Reserve Chairman Jerome Powell turned into a cheerleader for the economy in an interview with 60 Minutes on Sunday.Weve seen a bit of slowing but still to healthy levels in the U.S. economy this year Powell told the CBS News program.I would say theres no reason why this economy cannot continue to expand he added.A weak retail sales report for December and a meager gain in jobs reported Friday have raised concerns that the slowdown [read more]

Tuesday UK Parliament To Votes On Brexit

Deal No deal Delay  Parliament Brexit votesUK Prime Minister Theresa May will put the Brexit deal to a second vote. If it gets defeated Parliament will vote on whether to leave the EU without a deal or seek an extension.British Prime Minister Theresa May will try again Tuesday 1132019 to get a Brexit deal through Parliament with less than 18 days to go before the March 29 deadline.The focus of those negotiations has been the Irish [read more]

Boeing  Stocks In Big Trouble After It Best-Selling Crashed Again In Just 5 Months

chart by FactSetEthiopian Airlines Flight 302 crashed in a rural area outside of Addis Ababa killing all 157 people on board.The crash comes less than five months after the crash of a Lion Air Boeing 737 MAX 8 in Indonesia killing 189 people.The recent incident raises questions for the topselling plane made by Boeing whose commercial airplane business generated nearly 60 percent of the companys record $101.1 billion in revenue last year.The manufacturers stock is up 31 percent this year making it the top gainer in the [read more]

It should be time for celebration on Wall Street. A bullish golden cross is on the verge of materializing in the 122yearold Dow Jones Industrial Average coming after an anxietyprovoking dip more than two months ago.However the formation which is widely viewed as an upbeat signal comes amid a torrent of market indicators suggesting stocks arent entirely primed to explode substantially higher and could even break lower.As of Thursday the Dows DJIA 0.78% 50day moving average was at 24736.36 while the gauges 200day moving average was at 25125.81 FactSet data show. [read more]

ECB Leader Acknowledge 'Sick' European Economic

Investors fled to the relative safety of debt after the European Central Banks cut its GDP expectations rekindling fears that a global slowdown could affect the U.S.The yield on the 10year German bund was cut in half from 13 basis points to about 6.5 basis points while rates on Italian debt fell as much as 19 basis points.While it was no surprise to us the ECB has finally recognized how sick their economy is said Andrew Brenner of National Alliance.U.S. investors swarmed into [read more]

US February 2019 Non-farm Payroll, What You Need To Know

After the Labor Departments past two jobs reports showed much strongerthanexpected employment growth market participants are hoping for another blowout reading on the U.S. labor market on Friday.But whether they will get one is another story.The economy is expected to have added a more modest 180000 nonfarm payrolls in February down from the 304000 positions added in January according to Bloombergcompiled estimates. The unemployment rate is expected to have ticked down to 3.9% in February from 4% previously. Average hourly earnings are anticipated to have increased 3.3% yearoveryear for the month [read more]

BoJ Yutaka Harada Said The Central Bank Must Ramp Up Stimulus

KOFU Japan Bank of Japan board member Yutaka Harada said on Wednesday the central bank must ramp up stimulus without delay if risks to the economy threaten achievement of its inflation target.Mr Harada a vocal advocate of aggressive monetary easing said Japans economy was facing growing risks including from slowing demand in China simmering trade tensions volatile stock price moves and weak private consumption.There was also a risk that subdued inflation could heighten views among the public that prices wont rise much and delay achievement [read more]

Euro Continues To slides For The 4th Days Ahead Of Tomorrow ECB Meeting

London GLOBAL forex markets were overshadowed by the continued decline in volatility lending a boost to higheryielding currencies such as the US dollar and emerging markets.Focus has turned to meetings at the European Central Bank (ECB) the institutions facing the need to address stuttering economic growth and a slowdown in world trade.The euro held near oneweek lows versus the dollar at US$1.1318 on expectations that the ECBs Thursday meeting would hint at delaying hiking rates until next year and soon relaunch longterm bank loans to tackle [read more]

US Stocks Ended Lower On Thin Volume

U.S. stocks closed slightly lower Tuesday after major benchmarks spent all session flipping between gains and losses. Markets are relatively quiet on volume that is about 17% less than average digesting recent gains attempting to find a catalyst for either direction. It appears investors are watching the pivotal 2800 level on the S&P 500 that has capped advances for several months.Trade talk China on Tuesday lowered its economic growth target for 2019 to between 6% and 6.5% acknowledging a deepening slowdown. Premier Li Keqiang at the opening of the annual session of Chinas [read more]

Mining Companies Need $1,400 To Kick Start Projects

$1400 an ounce for gold is a price level not seen in six to seven years and is a level that is needed to kick mining projects into overdrive said Amir Adnani chairman of GoldMining and CEO of UEC. Its a mark that from a standpoint of project development makes many other projects that are maybe borderline economic or just need that extra move in the gold price to become interesting and economic and also its the price that makes most intermediate gold producers start [read more]

OPEC Price-boosting, Output Cut Target To Be Achieve In April

OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month says Jeff Currie global head of commodities research at  [read more]

US Stocks Ended Lower As Market Concerns About Stock Market Is Too Expensive

Stocks finished lower Monday with the Dow closing at a twoweek low concerns that stocks are becoming too expensive on the back of a twomonth rally from December lows also weighed on sentiment.USChina Trade Talk The Wall Street Journal reported that Washington and Beijing could reach a trade deal as soon as this month. Media reports also said the pact would end most U.S. tariffs levied against China in exchange for the latter following up on its own promises to allow in more U.S. exports [read more]

Brexit Set At 11pm 29th March, Will There Be A Deal Or Not

This is an obvious one. In case you havent been following developments coming out of Europe Brexit Day is fast approaching. This is the date March 29 when the U.K. is supposed to leave the European Union. Of course theres been massive political chaos in the runup to this date and we still dont know whether Brexit will go on as planned will be delayed or will just fail altogether. What ultimately happens is almost certain to make a large impact on the British pound just like the original [read more]

Trump Says Strong US Dollar Will Hurt The Economy

Trump says strong US dollar rate hikes are hurting economyPresident Donald Trump spoke at the Conservative Political Action Conference on Saturday.Discussing Federal Reserve Chair Jerome Powell Trump said that he respects Powells interest rate hikes but suggested hes worried the dollar could become too strong.President Donald Trump reiterated his criticism of the Federal Reserves monetary policy and said it is promoting a strong U.S. dollar possibly at the expense of the U.S. economy during a nearly twohour speech at the Conservative [read more]

The Week Ahead 04-08 March

After Q4 2018  betterthanexpected GDP growth investors will get a look into the the health of the U.S. labor market on Friday March 8 when the US  release February nonfarm payroll report.Economists polled by Bloomberg are forecasting that the U.S. economy added 185000 jobs during February down from the 304000 jobs added in January. The unemployment rate is expected to tick down slightly to 3.9% from 4% last month.Friday also marks a historic day for the market. It is the tenth anniversary for the longest bull market on record. [read more]

Fed Chair Reiterated 'Patient' Approach To Rate

Federal Reserve Chairman Jerome Powell repeated the central banks recent mantra of pledging patience in the face of conflicting economic signals and subdued inflation.The Federal Open Market Committee will be patient as we determine what future adjustments to the target range for the federal funds rate may be appropriate to support our dualmandate objectives Powell said in the text of a speech Thursday evening in New York.This commonsense riskmanagement approach has served the [read more]

Gold Ended February Lower But Long-term Is On Track To Reach $2,000

Why gold is down for the month but still on a longterm track to reach $2000 an ounceGold prices have pulled back from a 10month high in recent sessions leaving investors wondering why the many geopolitical and economic issues plaguing the market havent been able to fully support the metals haven appeal.Gold notched that multi month peak just over a week ago on the back of uncertainty linked to Brexit the U.S.China trade dispute and global economic growth. But prices on Thursday suffered [read more]

US Stocks Closed Lower Thursday But All Indexes End February Positives

U.S. stocks finished lower Thursday after a sudden breakdown in demilitarization talks with North Korea weighed on sentiment despite that all indexes posted  gains for a second month in a row with the Dow rallying 3.7% in February the S&P 500 up 3% and the Nasdaq gaining 3.4%.Betterthanexpected fourthquarter gross domestic product data helped to offset some of the selling pressure during the session. On Wednesday U.S. Trade Representative Robert Lighthizer said the U.S. would abandon for now its threat to [read more]

PM Teresa May Get Postponed Of Her Brexit Deal By MPs

(LONDON) Prime Minister Theresa May insisted Wednesday that Britain will leave the European Union on schedule next month amid signs that her promise to give Parliament a vote on delaying Brexit was boosting support for her unpopular EU divorce deal.May has bowed to pressure from within her Conservative government and given Parliament the chance to delay Britains scheduled March 29 departure if lawmakers fail to approve her divorce agreement with the bloc.The change of course was welcomed by proEU members of Britains divided [read more]

U.S. Will Formally Abandon Plans To Rise Tariffs On $200 Of Chinese Goods. Trade Representative Lighthizer Says

U.S. will formally abandon plans to raise tariffs on $200 billion of Chinese goods Lighthizer saysU.S. Trade Representative Robert Lighthizer said that the trade deal he is negotiating with China would include a complicated enforcement mechanism that would involve regular consultations with Beijing and reserve the U.S. the right to assess tariffs for Chinese failure to carry out pledges.Lighthizer sketched out the enforcement process the two sides are considering in testimony before the House Ways and Means Committee.After his testimony Lighthizer [read more]

US Stocks Closed Mostly Lower As Investors Focus On Fed Chair Powell And Trade Rep. Lighthizer

U.S. stocks bounced off intraday lows but still closed mostly lower Wednesday as investors focused on separate congressional testimonies from U.S. Trade Representative Robert Lighthizer on U.S.China trade negotiations and a second day of Congressional hearings of Fed Chair Powell.Fed chair Powell testified in front of the House a day after he affirmed the central banks waitandsee approach to rate increases citing slower global growth and its effect on the U.S.Lighthizer appeared before the House Ways and Means Committee on U.S.China trade to provide more insight into the progress of negotiations [read more]

The US Dollar Near 3 Weeks Low

The dollar remained near a threeweek low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that the central bank would stay patient on monetary policy and as the pound rallied.The dollar index against a basket of six major currencies stood at 96.056 after shedding 0.4 percent overnight when it stooped to 95.948 its lowest since Feb. 5.Powell said on Tuesday that rising risks and recent soft data were unlikely to prevent solid growth for the U.S. economy this year but that the [read more]

Gold Price Steady Wednesday As USD Near 3 Weeks Low

Gold prices were steady on Wednesday as the dollar stood near a threeweek low after the Federal Reserves chairman reiterated the U.S. central bank would stay patient on further interest rate hikes while palladium hovered near a recordpeak.Spot gold was flat at $1328.90 per ounce at 0152 GMT while U.S. gold futures were up 0.2 percent at $1331.20.Rising risks and recent soft data shouldnt prevent solid growth for the U.S. economy this year but the Fed will remain patient in [read more]

Stocks Closed Lower After Fed Chair Day 1 Testimony

U.S. stocks closed lower Tuesday after weaving in and out of positive territory all session following Federal Reserve Chairman Jerome Powells congressional testimony during which he reiterated the central banks waitandsee approach. The Fed bosss comments come as some economic data have pointed to slower U.S. economic growth even as a reading for confidence shot higher.Powell said that some economic data have softened of late helping to justify the central banks decision to take a breather from further rate increases.At the same time he said the job [read more]

U.K.s Theresa May to Consider Delay to Brexit DateTheresa May is considering a plan to delay Brexit and stop the U.K. leaving the European Union with no deal next month according to people familiar with the situation.The prime minister is expected to allow her Cabinet to discuss extending the deadline beyond March 29 at a crunch meeting on Tuesday one of the people said. May would then reveal the Cabinets conclusions in an announcement to Parliament later in the day.While no final decision has been taken putting off the U.K.s [read more]

UK's Labour Party Will Back 2nd Referendum

UKs Labour will back public Brexit vote if parliament rejects its exit plan says Brexit spokesmanBritains opposition Labour will support a second referendum on Brexit if parliament rejects the partys alternative plan for leaving the bloc its Brexit spokesman said on Monday.Parliament is due to debate and vote on Wednesday on the next steps in Brexit.Labour has said it put forward an amendment calling on the government to adopt its Brexit proposals which include a permanent customs union.Britains [read more]

Big Pharma's Executives To Testify Before The Senate Finance Committee

Seven of the U.S. biggest pharmaceutical executives set to testify before the Senate Finance Committee on Tuesday a pivotal moment for prescription drug prices. This come at a time of nearuniversal anger over industry antics.Drug prices are soaring in a way that defies reason. A vial of insulin that cost less than $200 a decade ago now sells for closer to $1500. Actimmune a drug that treats malignant osteoporosis and sells for less than $350 for a onemonth supply in Britain costs $26000 for a onemonth supply in the United States. [read more]

8 Reasons Why Gold Is Still Bullish And How To Protect Your Investment

Gold has rallied 12% since last August but its still a buy. The metal look like a good hedge against possible global turbulence stagflation or recession ahead. Gold is a play on possible dollar weakness too.I remain very positive and constructive on gold says Frank Holmes the CEO and chief investment officer at U.S. Global Investors which offers several preciousmetals funds including the Gold and Precious Metals Fund.Gold analysts at Goldman Sachs think the metal will rally 4% to $1375 an ounce by this summer and [read more]

ECB President Mario Draghi To Speak

Super MarioEuropean Central Bank President Mario Draghi will be the main event on Friday rounding out what has been a very busy week for central bank speakers globally. His words will be parsed forensically for any indication on ECB policy direction. Most of his colleagues on the ECB board have followed other policymakers into dovish territory in recent weeks and have brought up the subject of whether new longterm loans will be extended. Draghi and Co. are heading towards a meeting in about a fortnight where theyll decide [read more]

Tesla's Space X Launches Isreali Moon Mission, Indonesian Satellite & Air Force Test Spacecraft

SpaceX launches private Israeli moon mission Indonesian satellite and Air Force test spacecraftSpaceX launched a Falcon 9 rocket on Thursday evening in what was the third successful mission for the companys rocket booster.The main payload atop the Falcon 9 was the Nusantara Satu satellite built by Maxar Technologies SSL.A secondary payload on board is a lunar lander which if successful would see Israel become the fourth country in history to land on the moon.The second SpaceX launch of 2019 sent a hodgepodge trio of spacecraft into orbit including an [read more]

US Stocks Finish Lower Thursday, Nasdaq End 8th Days Gain

Stocks finished lower Thursday with the Nasdaq snapping an eightsession winning streak. Concerns about slowing global growth were underscored by the release of surveys from Europe and Japan that showed manufacturing contracting in February with exportdependent German manufacturers reporting the worst drop in activity in more than six years.However fears about a worldwide slowdown were somewhat tempered by reports that U.S. and Chinese negotiators were beginning to outline a deal to end a longrunning trade spat. Boths side agrees in principle are being drawn up in six key areas forced technology [read more]