The Week Ahead 24 -25 September

September Federal Reserve (Fed) decision is upon us and while the rate increase is all but assured the key points for markets will be in what policymakers expect for the future and their assessment of the US economy. Crucially as trade wars rumble on the Fed may look to comment on how this is affecting the US. Also worth watching out for are the monthly durable goods orders.Monday (Time in HK & SG)4 pm German IFO index (September) business climate index to rise to 104 from 103.8. Market to [read more]

Gold rises on weaker dollar, heads for 1st weekly gain in four

Gold prices edged higher on Friday to a oneweek high as the dollar weakened on receding fears of a fullblown SinoU.S. trade war with the yellow metal heading for its first weekly gain in four. Spot gold inched up 0.2 percent to $1209.38 by 0036 GMT after touching its highest since Sept. 13 at $1210.01. It has risen 1.3 percent so far this week. [read more]

New Record For DJI and S&P500

The Dow Jones Industrial Average just marked its first intraday alltime high since January after the bluechip index took a 6 months correction and as of July resumed it uptrend.The Dow DJIA 0.95%  on Thursday closed at about 26657 surging past its Jan. 26 intraday record at 26616.71 and ending the benchmarks longest recordsetting fallow period164 trading days since the 288day stretch between May 2015 to July 2016.Thursdays record run also helped to drive the S&P 500 to its own alltime closing high at 2930 marking its first record [read more]

Europe rises by the close as concerns over trade spats wane

European stocks extended gains by Thursdays market close tracing the strong session seen on Wall Street and shaking off anxieties of a trade war between the U.S. and China. The panEuropean Stoxx 600 ended up 0.7 percent with all sectors except travel and health care posting solid gains by the finish. The U.K.s FTSE 100 jumped 0.49 percent by the close despite an uptick in sterling while Frances CAC 40 soared 1.07 percent and Germanys DAX [read more]

Asia markets in positive territory after record highs on Wall Street

Asia markets traded in positive territory in the morning on the final trading day of the week following record highs on Wall Street. Japans Nikkei 225 advanced by 0.49 percent in the early hours of trading action with the insurance sector rising by 1.43 percent. The moves came following after a data release earlier showed that the countrys nationwide core consumer price index for the [read more]

Ignore The Noise, Alibaba Stock Is Still A

Dont let the news of the day change your investment strategy. You dont want to sell winning companies especially the ones that dominate their sector just because of a single event.Thats especially true this week with the Chinese ecommerce juggernaut Alibaba Group Holding Ltd. (NYSE BABA). The company confirmed recently that its founder and leader Jack Ma will step down as executive chair next year and leave the company board of directors the year after that.As with many successful business people like Bill Gates [read more]

Calls By Sixth Largest Bank Who Normally Ignore Gold Price fluctuation To Buy, You Listen.

Calls by big analysts to buy gold are pretty rare these days so when the sixth largest bank in the U.S. comes out talking to their investors about hedging to Gold you better listen.Thats exactly what Morgan Stanley has done even if it really doesnt like gold much. This isnt about love for gold its about tactical trading.As detailed by Kitco Morgan Stanleys Lisa Shalett head of wealth management resources recently recommended that investors divest some of their equities in favor of a position [read more]

Bitcoin Maintain It Footing Above $6,300

Bitcoin BTCUSD stays above important phycological line this Thursday after moving higher Wednesday attempting to break out of whats been a relatively subdued period for the worlds largest digital currency.BTCUSD now trading at $6358.30 Bitcoin has not traded outside the $6100to$6600 range since Sept. 6.Cryptos exchange CEOs push back on NYs AG reportDespite the muted price action industry fallout from the Virtual Markets Integrity Report released by New York State Attorney General Barbara Underwood on Tuesday has escalated. In the report the AGs office whose aim it [read more]