Bitcoin Outlook

There are a handful of positive developments in the bitcoin industry these days but it looks like traders are waiting for bigger announcements or might be feeling anxious while the SEC continues to seriously consider its decision on the ETFs.The launch of Fidelitys institutional platform is big news as this would usher in big flows from funds banks and financial institutions. This would boost volumes activity and demand thereby shoring up prices.Bitcoin Price Key HighlightsBitcoin price is still treading sideways right in the middle of its range visible [read more]

Trade war hostility may be keeping US-China military relations in a state of friction

Military ties between the worlds two largest economies could remain at a deadlock until both parties make progress on thorny political and economic issues strategists predict.In an effort to ease diplomatic hostilities that spiked following U.S. Vice President Mike Pences sharp critique of Beijing earlier this month U.S. Defense Secretary James Mattis met Chinese Defense Minister Wei Fenghe on the [read more]

Philips earnings fall short of analyst expectations amid currency headwinds

Dutch health care technology company Philips reported weakerthanexpected thirdquarter net income on Monday citing subdued growth in key markets and foreign currency headwinds. Despite rising sales and improving margins Philips posted a profit of 292 million euros ($335 million) for the quarter ending Sept 30. Analysts at data firm Refinitiv had been expecting thirdquarter profit to come in at around 350.5 million euros. Revenue increased to 4.31 billion euros from 4.15 billion euros over the same period last year with comparable sales growth up 4 [read more]

KKR-backed Calsonic to buy Fiat Chrysler's Magneti Marelli unit for $7.1 billion

Japanese car parts maker Calsonic Kansei owned by U.S. private equity firm KKR has agreed to buy Fiat Chryslers hightech partsmaking unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion) the companies said. Magneti Marelli specialises in lighting powertrain and hightech electronics. The deal creates a global auto components giant with 15.2 billion euros in revenue they said in a statement. KKR bought Calsonic from Nissan and other shareholders in 2016. At the time it said it would help Calsonic which relies on Nissan for [read more]

Currencies Fundamental And Technical Outlook

All you need in Forex trading is the currency pair you choose to trade for the week that is fundamentally sound and technically clear insight. Let analyze the fundamentals sentiment and technical positions in order to determine which currency pairs are most likely to produce the easiest and most profitable trading opportunities this week. Fundamental Analysis & Market SentimentThis week is likely to be dominated by central bank input from the European Central and U.S. GDP.Fundamental analysis tends to support [read more]

The Week Ahead October 22-26

It is another busy week with flash purchasing managers indexes (PMIs) from around the globe. U.S. to expect real GDP growth to increase solidly by 3.4% qoq in Q3 consistent with an economy growing wellabove potential. In Europe The ECBs rate decisions meeting and UK CBI total orders data will be in focus.Forex fundamental analysis tends to support the U.S. Dollar as American economic fundamentals continue to look strong. Sentiment seems to be still in favor of the U.S. Dollar. Fundamentals remain bearish on the Japanese Yen but [read more]

Alibaba looks to take this year's $25 billion Singles Day sales event international

Chinese ecommerce giant Alibaba said that its upcoming megashopping event will be the largestever in terms of scale and reach as it looks to continue growing what has become a multibilliondollar sales day. The event which takes places on Nov. 11 is Alibabas day of massive sales across all of its platforms and has been compared to Black Friday in the United States. Widely known as Singles Day the event is also known as the 1111 shopping festival because of the date it [read more]

China stocks jump 2 percent following last Friday's rally

Asia Pacific markets traded mixed on Monday morning as major Chinese indexes jumped more than 2 percent. The Shanghai composite added 2.83 percent in early trade while the Shenzhen composite gained 3.3 percent. The moves followed last Fridays rally in Chinese stocks as authorities took steps to support the market after the release of weakerthanexpected GDP data.Theres no catalyst at the moment to buy Chinese equities although we saw some quite strong flows in at the end of the week. But [read more]

What You Need To Know For Today P&G Earning Report

Procter & Gamble Co. (NYSE PG) is set to report its fiscal firstquarter financial results before the markets open on Friday. Thomson Reuters consensus estimates are calling for $1.09 in earnings per share (EPS) and $16.48 billion in revenue. In the same period of last year the consumer goods maker said it had $1.09 in EPS and $16.65 billion in revenue.earning calendar by Nasdaq httpswww.nasdaq.comearningsearningscalendar.aspxIn its most quarterly recent report the company said that organic sales were up 1% [read more]

Bitcoin Failed $6,700 Again

Bitcoin prices traded $150 lower previous session to close Thursday at $6562.23 failing again to above the 100SMA line which is resistant for the bull to achieve if it wish to see $7180.50.One analyst said bitcoins lull may be coming to an end. Its only a matter of time now said Mati Greenspan senior market analyst at eToro speaking about a potential breakout for bitcoin. Of course the flatline pattern could easily remain for another few months and that wouldnt be a [read more]