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Latest News Headlines
Bloomberg: Trade War Starts to Hit Businesses With Daimler Cutting Outlook
Daimler AG became the most visible global corporation to cut its profit outlook and blame it on escalating trade tensions, saying fewer Chinese customers will buy Mercedes-Benz SUVs because of tariffs Beijing is slapping on autos imported from the U.S. [more...]
Bloomberg: Emerging Asia Stocks Drop, Dollar Gains on Trade: Markets Wrap
Most Asian stocks declined on Thursday as concern simmered about an escalation of trade tensions between the U.S. and China, and Goldman Sachs Group Inc. turned cautious on the region’s equities. The dollar strengthened as Treasury yields ticked higher. [more...]
Bloomberg: The Biggest U.S. Oil Patch Is Near Its Limit
The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. [more...]
Bloomberg: Facebook Surges Past $200 as Privacy Woes Fade, Instagram Grows
Facebook Inc. is back in bull mode. The social-media giant’s share price topped $200 for the first time Wednesday, as investors bet the company’s Instagram and Messenger units will continue to boost advertising revenue, overshadowing any lingering data-privacy concern that pummeled the stock in March. [more...]
Bloomberg: What to Expect on Bank of England Decision Day
The Bank of England is set to wait a little longer before following up on last year’s interest-rate hike after a run of mixed economic data. All of the 38 analysts surveyed by Bloomberg expect the Monetary Policy Committee to vote in favor of keeping rates unchanged on Thursday. [more...]
Bloomberg: Goldman Cuts Asia Stock Target on Mounting Trade, Macro Risks
Even Goldman Sachs is turning less optimistic on Asian stocks amid growing uncertainty in global markets.
The long-time bull has pared its 12-month target for the MSCI Asia Pacific excluding Japan Index to 625 from 640. [more...]
Bloomberg: British Workers Are Still Waiting for Pre-Crisis Wages: Chart
British pay packets have yet to recover to the levels before the financial crash a decade ago. Workers earned between 2 percent and 3 percent less in real terms in 2016-17 than they did in 2007-08, according to two data sources analyzed by the Institute for Fiscal Studies. And the pressure on living standards is set to continue, the think tank warned, unless Britain can boost productivity. [more...]
Reuters: Washington's 'capricious' trade actions will hurt U.S. workers, China warns
China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”. [more...]
Reuters: Asian shares edge ahead, oil subdued before OPEC meeting
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.4 percent, while Japan's Nikkei .N225 added 0.7 percent. Australia’s main index had another strong day, rising 1 percent on fund manager demand before the end of the local financial year next week. [more...]
CNBC: Why bitcoin made a comeback after the South Korean exchange hack
Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said it was to be expected. [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. To get the latest Currency Strength Indicator please click here
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