GBPJPY Bullish On 3 Major Time frame

GBPJPY stalls and starts to reverse at major trend line Possibility of a recovery higher conditional on break of trend line Yen to be driven by global risk trendsThe PoundtoYen exchange rate is trading at around 129.169 climbing 1.68% in the week before and studies of the charts show the pair has probably reversed trend in the shortterm and the bias is now more to the upside.The 4 hour chart used to determine the shortterm outlook which includes the coming week or next [read more]

Jerome Powell Speech Will Be The Next Focus After Yesterday FOMC

The dollar held gains on Thursday after minutes from the Federal Reserves last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts.Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reserve Chairman Jerome Powells speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates.His comments are of particular interest after an inversion in the Treasury yield curve highlighted the risk that the U.S. economy may [read more]

US Dollar Sitting At # Weeks High

The dollar held near a threeweek high on Tuesday as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds.Yields on benchmark U.S. Treasuries pulled away from threeyear lows as investors tiptoed back into riskier assets lured by hopes for stimulus in major economies such as Germany and China which eased more recent global recession fears.The dollar is higher across the board tracking the rebound in yields. The prospect of Germany embarking on stimulus was the turning point and [read more]

Baidu Stock Gap Up $4.00 On Beating Earning Estimate

China search engine operator Baidu Inc reported betterthanexpected quarterly revenue and profit on Monday as more people signed up for its video streaming service sending its shares up 8% in extended trading.Revenue from iQIYI jumped 15% to 7.11 billion yuan ($1.01 billion) as the service crossed the 100 million subscriber mark in June this year despite stiff competition from rivals including ByteDancess TikTok.Online marketing services business revenue a major contributor to overall sales fell about 9% to 19.2 billion yuan and came in below estimates [read more]

BAIDU To Report Earning Monday After Market Close

Baidu Q2 2019 Earnings PreviewBaidu (NASDAQBIDU) is scheduled to announce Q2 earnings results on Monday August 19th after market close.The consensus EPS Estimate is $0.92 (71.1% YY) and the consensus Revenue Estimate is $3.72B (5.3% YY).Over the last 2 years BIDU has beaten EPS estimates 88% of the time and has beaten revenue estimates 50% of the time.Over the last 3 months EPS estimates have seen 0 upward revisions and 10 downward. Revenue estimates have seen 0 upward revisions and 10 downward.Shares in Chinas onlinesearch giant Baidu have lost almost 40% of [read more]

MasterCard Is Building A Team For It Cryptocurrency

Big payment companies face revolutionary pressures from the development of digital money.Mastercard (NYSEMA) which is partnered with Facebook (NASDAQFB) on its Libra cryptocurrency announced in June is now putting together its own cryptocurrency team.Do you have the desire to work at the cuttingedge intersection of payments and cryptocurrencies Mastercard asks in a recruitment listing. Those hired will monitor cryptocurrency ecosystem trends and develop new products and solutions.Mastercard is doing this because it wants to be known as more than a card company it wants to be [read more]

Eight Reasons To Buy And Own Gold

Gold is respected throughout the world for its value and rich history which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C. and the first pure gold coins were struck during the rein of King Croesus of Lydia about 300 years later. Throughout the centuries people have continued to hold gold for various reasons. Societies and now economies have placed value on gold thus perpetuating its worth. It is the metal we fall back on when other forms of currency dont work [read more]

Alibaba To Report Earning Before Market Open Thursday

Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability however is likely to be improved.Heres what the market expects for Alibabas June quarterRevenue of 111.73 billion yuan ($15.93 billion) according to Refinitiv data. If realized this would be a 38% yearonyear rise but slower than the more than 61% growth seen in the same quarter last year.NonGAAP diluted earnings per share (EPS) of 10.25 yuan [read more]

GBP To Fall Further 9% From Current Price According To MUFG

Pound Sterling is set to lose a further 9% of its value against the U.S. Dollar by the time 2019 is out say foreign exchange analysts at global investment bank MUFG.The Japanbased multinational says Sterling is likely to suffer substantial further declines over coming months as they attach a 60% chance of a no deal Brexit taking place.Heightened Brexit uncertainty and the ongoing slowdown in global growth have increased downside risks for the UK economy heading into the second half of this year. We now believe that a [read more]

Gold Price Technical Outlook

Gold is currently trading between the $1500 and could drop to the 50SMA support at $1485.15 during the day as signs of bull market exhaustion have emerged on the 4HOURLY Chart.Gold daily chart created a spinning top candle on Tuesday which occurs when the market sees a solid twoway business before ending the day with marginal gains or losses.That candlestick represents indecision in the market place. However in golds case it has appeared at sixyear highs on the daily chart and so it represents buyer exhaustion. [read more]