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Latest News Headlines
CNBC: Greece ends nearly 10 years of bailouts — this is what it means
Monday is an historic day for Greece as nearly a decade of external financial help comes to an end.
The Syriza-led government has managed to end a third bailout rescue, implementing all the measures demanded by creditors, despite earlier doubts whether the inexperienced party would manage to complete the arduous task. [more...]
Bloomberg: Most Asian Stocks Rise; Dollar, Treasuries Steady: Markets Wrap
Most Asian equities climbed on Monday as traders held out hopes about developments in the trade war and ahead of a meeting of central bankers later in the week that may throw up clues on the outlook for markets. [more...]
Bloomberg: Burned by China Default, Korean Funds Have New Target: Qatar
South Korea’s yield-hungry investors who were spooked by a Chinese default are shifting their sights to the other end of the continent, to the Middle East. [more...]
Bloomberg: Elon Musk Defends Punishing Pace as Tesla Saga Enters Third Week
Elon Musk sees no option but to keep working at his current relentless pace, no matter the deepening concerns of board members and investors about his health and stability as he propels Tesla Inc. toward a possible rebirth as a private company. [more...]
Bloomberg: A ‘Socialist Hellhole’ Struggles to Keep Up With Booming Tourism
A country that was recently the target of a Fox Business monologue on the evils of socialism has become a magnet for tourists. [more...]
Bloomberg: Tariffs Will Hurt U.S. More Than Rest of World, Maersk Says
The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according the chief executive officer of A.P. Moller-Maersk A/S. [more...]
Bloomberg: Tesla Board Torn Between Service to Shareholders and Iconic CEO
Tesla Inc.’s board of directors is at a critical juncture, wedged between a larger-than-life figure to whom many are personally close and their larger responsibility to shareholders. [more...]
Bloomberg: China's Yuan Jumps to Strongest in a Week
The yuan strengthened for a third day in a row, rising to its highest in just over a week, as the People’s Bank of China raised its daily reference rate on the back of a weakening dollar. [more...]
Bloomberg: Venezuela's 95% Devaluation Adds to Chaos After Drone Attack
Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend -- a 95 percent plunge that will test the capacity of an already beleaguered population to stomach even more pain. [more...]
Bloomberg: Hedge Funds Short Yen Poised for Pain as Techs Signal Strength
Dollar-yen is caught in a tug-of-war: on one side is the Japanese currency’s status as a global haven. On the other, a widening interest-rate differential with the U.S. [more...]
Reuters: Asia shares nudge up with yuan, wary on Sino-U.S. talks
Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows. [more...]
Reuters: Exclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid - sources
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc (TSLA.O) CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday. [more...]
CNBC: Don't expect a 'grand bargain' from new US-China trade talks, expert says
The U.S. and China are meeting later this week in Washington to try to find some common ground in their escalating trade war, but don't expect a "grand bargain," according to an international trade scholar. [more...]
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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