July, 2019 MarketAxe

Todays Markets

July 31, 2019/0 Comments/in Day Trading Signals /by admin

Economic Calendar

Trading Sentiment

Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.

Latest News Headlines

Bloomberg: Asian Stocks Decline on Trade Spat as Fed Awaited: Markets Wrap
Stocks in Asia dropped as investors mulled pessimistic signs for U.S.-China trade talks alongside a mixed set of corporate earnings ahead of the Federal Reserve’s long-awaited interest-rate cut. [more...]

Bloomberg: Capital One Says Breach Hit 100 Million Individuals in U.S.
Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman identified by Amazon.com Inc. as one of its former cloud service employees of breaking into the bank’s server. [more...]

Bloomberg: Stocks Fall Ahead of Fed Decision; Treasuries Rise: Markets Wrap
U.S. stocks fell amid a mixed bag of corporate earnings and growing speculation a trade deal with China remains elusive. Treasuries edged lower as the Federal Reserve began deliberating on the path for interest rates. [more...]

Bloomberg: Trump Lashes Out at China ‘Rip Off’ as Trade Talks Resume
President Donald Trump lashed out at China for what he said is its unwillingness to buy American agricultural products and said it continues to “rip off” the U.S., just as the two nations resumed negotiations in Shanghai following a three-month breakup. [more...]

Bloomberg: China's Profit Warnings Signal More Gloom for the Economy
For anyone checking the health of China’s economy, corporate earnings are providing the latest bad news. Of the more than 1,600 firms to give first-half guidance, 40% have predicted a drop in earnings from a year earlier, according to data compiled by Bloomberg. [more...]

Bloomberg: Hong Kong Stocks Slump as Tropical Storm Threatens to Close Market Early
There was no shortage of reasons for traders to sell Hong Kong equities Wednesday: another night of street protests, a bleak warning on the economy by the government, and an approaching storm that may force the exchange to shut trading early. [more...]

Bloomberg: Tim Cook Confirms Apple’s Credit Card Will Launch in August
Apple Inc. Chief Executive Officer Tim Cook confirmed on the company’s third-quarter earnings call that the upcoming Apple Card is launching in August. Bloomberg News reported earlier this month the card would launch in the first half of the month. [more...]

Bloomberg: If U.S. Intervenes in FX, Even Dollar Bears Say to Buy the Dip
Here’s one thing dollar bulls and bears can agree on: In the unlikely event that the U.S. intervenes to weaken its currency, it’d be a good time to buy. President Donald Trump said Friday that he hasn’t ruled out taking action to cheapen the greenback, and that a strong dollar makes it “harder to compete.” [more...]

Bloomberg: Asia’s Best Bond Rallies at Risk of Pricing in Too Much Easing
The global hunt for yield has led to a surge in demand for Indian and Indonesian bonds this year, but some money managers have begun to warn the trade is getting risky. [more...]

Reuters: U.S., China meet for trade talks as Trump talks tough
Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for progress and combative remarks from U.S. President Donald Trump. [more...]

Reuters: Trade war keeps China's factories in reverse gear for third month
China’s factory activity shrank for the third month in a row in July, an official survey showed, underlining the growing strains on the world’s second-biggest economy as the Sino-U.S. trade war hits business profits, confidence and investment. [more...]

CNBC: Samsung shares tumble after the company says its second-quarter profit fell 56%
Samsung Electronics said Wednesday that profits for the three months that ended June more than halved from a year earlier due to falling memory chip prices. [more...]

CNBC: Apple rises on earnings beat
Apple reported earnings for its June quarter on Tuesday that were above expectations, and the company’s revenue returned to growth after two straight down quarters. The stock rose more than 4% in after-hours trading. [more...]

Currency Strength Indicators

The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.

Todays Markets

July 30, 2019/0 Comments/in Day Trading Signals /by admin

Economic Calendar

Trading Sentiment

Latest News Headlines

Bloomberg: The Pound Is Now the Most Volatile Currency in the G-10
The pound is buckling under concerns about Brexit, and the Bank of England may add further pressure to the currency when it meets this week. Sterling dropped as much as 0.8% against the dollar to 1.2119 on Tuesday, extending Monday’s 1.3% decline. [more...]

Bloomberg: U.S. Futures, Asia Stocks Edge Higher; Pound Drops: Markets Wrap
U.S. futures and most Asian stocks edged higher Tuesday as investors awaited news from the resumption of U.S.-China trade talks. The pound dropped to a two-year low, and the yen gained as the Bank of Japan left interest rates unchanged. [more...]

Bloomberg: Asia Stocks Edge Higher Before Trade Talks, Fed: Markets Wrap
Asian stocks edged higher Tuesday as investors awaited news from the resumption of U.S.-China trade talks. The yen fluctuated as the Bank of Japan left interest rates unchanged. [more...]

Bloomberg: Victoria’s Secret Has More Than a Jeffrey Epstein Problem
Time isn’t being kind to Victoria’s Secret. The lingerie retailer has a problem with the past and a problem with the future—and that leaves the present in a muddle of controversy. [more...]

Bloomberg: 37-Year-Old Former School Teacher Is India’s Newest Billionaire
India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven years. [more...]

Bloomberg: Citi to Cut Hundreds of Trading Jobs in Bad Sign for Wall Street
Citigroup Inc. is preparing to cut hundreds of jobs in its trading division -- stark new evidence that an industrywide slump in revenue this year may be more permanent than the tweets and policy moves rattling clients. [more...]

Bloomberg: French Economy Unexpectedly Cools in Setback for Euro Area
French economic growth unexpectedly slowed, adding to risks for a euro area already shaken by a manufacturing slump and frailties in its largest economy, Germany. [more...]

Bloomberg: Tycoon Who Founded Starbucks’ Indian Rival Goes Missing
Coffee Day Enterprises Ltd., the Indian rival of Starbucks Corp., slumped the most on record after its tycoon founder went missing. V. G. Siddhartha asked his driver to stop his car on Monday evening, before going for a walk near the Southern Indian city of Mangaluru, local police official Jayant Kumar said by phone. [more...]

Bloomberg: Foreigners Sell Rand Assets at Record Pace as Eskom Woes Mount
Foreigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating. [more...]

Reuters: Asia stocks gain ahead of Fed, pound pressured by fresh Brexit pain
Asian stocks gained on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while the pound retreated to a 28-month low as heightened concerns about a no-deal Brexit gripped currency markets. [more...]

Reuters: Trump urges Fed to do more than a 'small rate cut'
U.S. President Donald Trump on Monday urged the Federal Reserve to go beyond making a “small rate cut” this week, raising pressure on the central bank to lower borrowing costs by more than Wall Street expects. [more...]

CNBC: If the Fed cuts rates this week, it could widen a growing rift within the central bank
There’s a good chance one or two, and maybe even three, Fed officials could disagree with the central bank’s decision to cut rates Wednesday, and that could make it more difficult for markets to glean the course of future Fed policy. [more...]

CNBC: Billionaire Ray Dalio: U.S. economy must change or there will be ‘conflict’ between the rich and poor
The United States must change its economic system or there will be conflict between the rich and the poor. So says billionaire hedge fund guru and finance entrepreneur Ray Dalio. [more...]

Currency Strength Indicators

Todays Markets

July 29, 2019/0 Comments/in Day Trading Signals /by admin

Economic Calendar

NO MAJOR ECONOMIC EVENTS TODAY

Trading Sentiment

Latest News Headlines

Bloomberg: U.S., Europe Futures Slip as Trade Talks, Fed Eyed: Markets Wrap
U.S. and European futures dipped with Asian stocks at the start of an event-filled week that features the resumption of U.S.-China trade talks, an expected Federal Reserve interest-rate cut, further corporate-earnings releases and the monthly American payrolls report. [more...]

Bloomberg: Get Ready for the World Economy’s Biggest Week of 2019
There will be no chance of a summer break for investors or policy makers in coming days as they brace for what might be the busiest week for the world economy this year. [more...]

Bloomberg: Jack Ma’s $290 Billion Loan Machine Is Changing Chinese Banking
Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. [more...]

Bloomberg: The Lithium Mine Buildup Is Outpacing the Electric-Car Boom
Lithium miners are bulking up for a booming future when electric cars go mainstream. But speed bumps loom, with prices tumbling on a burst of new production and demand growth slowing in China. [more...]

Bloomberg: The Home of Ultra-Low Rates Has a Warning for the World
As the world sinks into an era of ever-lower interest rates and a chasm of negative-yielding bonds, Japan’s experience offers investors an invaluable precedent. [more...]

Bloomberg: Goldman Says Asia's Trade Slump Is Showing Signs of Bottoming
That’s according to Goldman Sachs Group Inc. economists who highlight a substantial pick up in exports to the U.S. from Asian economies including Taiwan, Vietnam and India that’s effectively canceling out the fall in shipments from China. [more...]

Bloomberg: Oil Trades Near $56 as Hormuz Tensions Simmer Amid Trade Talks
Oil traded near $56 a barrel as the U.K. deployed a warship to the Strait of Hormuz to help escort commercial ships, while U.S.-China trade talks are set to resume amid tempered expectations for a breakthrough. [more...]

Bloomberg: Hedge Funds Are Betting Australian Dollar Will Get Slammed
Australia’s dollar took a beating last week and worse may be to come in the form of quarterly inflation data due Wednesday. The currency slid about 1.5% over the five days through Friday. [more...]

Reuters: A Fed interest rate cut is in the bag. What then?
U.S. central bankers are expected to lower borrowing costs this week for the first time since the depths of the financial crisis more than a decade ago. That’s the easy part. [more...]

Reuters: Asian shares drift into trade talks, Fed test
Asian shares drifted lower on Monday as markets anxiously counted down to a likely cut in U.S. interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipeline. [more...]

CNBC: The EU is reportedly stripping 5 countries of some market access rights — that may impact the UK after Brexit
The European Commission will be blocking five countries from accessing parts of the European Union’s financial markets — in a move that could hit the United Kingdom after it leaves the bloc, according to a Financial Times report on Sunday. [more...]

CNBC: The Fed is about to cut rates for the first time since 2008 as trade war weighs on economic growth
The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy. [more...]

Currency Strength Indicators

Todays Markets

July 26, 2019/0 Comments/in Day Trading Signals /by admin

Economic Calendar

Trading Sentiment

Latest News Headlines

Bloomberg: Asian Stocks Follow U.S. Lower; Treasuries Flat: Markets Wrap
Asian stocks retreated Friday after their U.S. counterparts fell from record highs amid a torrent of corporate results. Treasury yields held overnight gains. [more...]

Bloomberg: Tesla Plunges on Loss and Co-Founder’s Surprise Departure From Role
Tesla Inc. shares plummeted as much as 13% after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric-car maker’s future. [more...]

Bloomberg: Stocks Drop From Record High; Draghi Whipsaws Euro: Markets Wrap
U.S. stocks fell from record highs amid a torrent of corporate results, while the euro swung between gains and losses and European bond yields climbed from all-time lows after Mario Draghi didn’t give markets more of a dovish signal. [more...]

Bloomberg: Buffett Lunch Mystery Deepens as His Crypto Entrepreneur Date Apologizes
Chinese cryptocurrency entrepreneur Justin Sun, who cited health issues in postponing his charity lunch with Warren Buffett this week, issued a broad apology to just about everyone for touting the plan to dine with one of America’s richest people, noting it raised concerns among authorities. [more...]

Bloomberg: Gerard Lyons as Carney’s Successor Could Mean a Different BOE
One contender to be Bank of England governor recently tipped by bookmakers could augur a rather different way of thinking at the institution. Pro-Brexit economist Gerard Lyons became the frontrunner this week, according to Betway, in tandem with the appointment as prime minister of his former boss, Boris Johnson. [more...]

Bloomberg: For Traders, Draghi Wasn't Dovish Enough as Rate Cut Priced In
The euro recovered from a two-year low and bonds reversed gains after Mario Draghi said the European Central Bank had not considered an interest-rate cut today and that the risk of recession was “pretty low”. [more...]

Reuters: U.S. economic growth seen slowing in second quarter
The U.S. economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment. [more...]

Reuters: Global economic growth rut at risk of deepening despite rate cuts: Reuters polls
A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the U.S.-China trade war. [more...]

CNBC: Draghi sparks a wild ride in markets and cements expectations for a quarter-point Fed cut
Europe’s head central banker was less inclined Thursday to interest rate cuts and monetary stimulus than expected, and his tone convinced markets that the Federal Reserve will have a similar stance at its meeting next week. [more...]

CNBC: Hedge fund manager Kyle Bass says a US-China trade deal can’t be reached
Billionaire hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China could be reached and believes the Federal Reserve’s rate cuts are less effective these days. [more...]

Currency Strength Indicators

Todays Markets

July 25, 2019/0 Comments/in Day Trading Signals /by admin

Economic Calendar

Trading Sentiment

Latest News Headlines

Reuters: Fed to cut rates for first time in a decade this month: Reuters poll
A quarter-point Federal Reserve interest rate cut in July is almost a done deal, according to economists in a Reuters poll, who expect another later in the year amid rising economic risks from the ongoing U.S.-China trade war. [more...]

Bloomberg: Stocks Trade Mixed Ahead of ECB, More Earnings: Markets Wrap
European futures climbed ahead of a European Central Bank meeting, while Asian stocks saw muted trading amid a mixed picture for corporate earnings. Treasuries and the dollar were little changed. [more...]

Bloomberg: Stocks Close at Record Highs on Growth Optimism: Markets Wrap
U.S. stocks pushed higher for a third day as investors looked past weak economic data and mixed corporate results, including an unexpected quarterly loss for Boeing. Treasuries advanced along with bonds in Europe. [more...]

Bloomberg: S&P 500’s Earnings Miracle Is Failing to Take Hold in the Second Half
Behind the scenes of another middling earnings season is evidence that analysts are deceiving themselves when they predict things will be much better by Christmas. [more...]

Bloomberg: Technology Rival Taiwan Set to Trump South Korea
They’re both technology heavy, export dependent economies located in Asia, but when it comes to their stock market performance this year, that’s about where the similarities end for South Korea and Taiwan. [more...]

Bloomberg: A Third of Economists Expect BOJ to Bolster Rates Pledge in July
Roughly a third of polled economists expect the Bank of Japan to strengthen its pledge on future interest rates at next week’s meeting, according to a Bloomberg survey. [more...]

Bloomberg: VIX Call Buying Explodes in Wave Evoking Memories of `50 Cent'
A big buyer is accumulating protection against a major sell-off in U.S. stocks over the next month. More than 570,000 call options tied to the Cboe Volatility Index -- known as the market’s “fear gauge” -- have traded as of 2:25 p.m. on Wednesday in New York, compared to less than 50,000 put options. [more...]

Bloomberg: Erdogan Economics Weaponized as Central Bank Looks to Cut Rates
Long a believer that high interest rates cause inflation, President Recep Tayyip Erdogan is finally putting that unconventional theory into practice by installing Murat Uysal as governor this month after firing his predecessor for failing to cut sooner. [more...]

Bloomberg: The Carry Trade Is Heating Up as Fed and ECB Get More Dovish
As dovish central banks stoke negative yields throughout developed nations, it’s become more tempting for yield-hungry investors to borrow U.S. dollars and euros to buy riskier emerging-market currencies. [more...]

Reuters: Asian shares tick higher, euro near two-month lows before ECB decision
Asian shares rose after a cautious start, while the euro hovered near two-month lows as soft economic data fueled hopes the European Central Bank could cut rates at its meeting on Thursday. [more...]

CNBC: Alibaba reportedly plans a second listing in Hong Kong. Other Chinese firms may follow suit
For years, many large Chinese companies have chosen to list in the U.S. instead of Hong Kong or China. Now, amid a trade dispute between Beijing and Washington, one national champion may lead the way back home. [more...]

CNBC: Jeffrey Epstein on suicide watch after accused sex trafficker is found injured in New York jail
Accused sex trafficker Jeffrey Epstein is on a suicide watch after the wealth financier was found mysteriously injured in his cell in a federal jail in New York City, WNBC-TV reported Wednesday night. [more...]

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