Todays Markets
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Economic Calendar
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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.
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Latest News Headlines
Bloomberg: Stocks, U.S. Futures Rise on Trump China Deal Talk: Markets Wrap
Stocks in Asia and U.S. futures turned higher after President Donald Trump spoke about a “great” deal with China on trade, helping ease concerns after a report that the U.S. is preparing to put tariffs on all Chinese imports. The dollar steadied and Treasury yields climbed. [more...]
Bloomberg: The Mystery of the New Boeing Jet That Plunged Into the Sea, Killing 189
Investigators are beginning the grim task of determining why a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea minutes after takeoff, killing all 189 people on board. [more...]
Bloomberg: China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight
China’s yuan slid to the weakest level since May 2008, moving closer to the key level of 7 per dollar, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate. [more...]
Bloomberg: Oil Holds Losses on Escalating Trade War and U.S. Inventory Risk
Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the U.S. and China will dampen global growth at a time when American crude inventories are growing. [more...]
Bloomberg: Bust Looms Over $60 Billion Splurge by Korean Chip Giants
Record spending by South Korea’s semiconductor giants is raising the specter of another downturn in the chip industry’s boom-bust cycle. Samsung Electronics Co. and SK Hynix Inc., the biggest makers of the memory chips used in mobile devices, have announced about $60 billion of investments in facilities that each year could pump out millions of silicon wafers -- the building blocks of semiconductors. [more...]
Bloomberg: Bitcoin’s Long-Term Trend Lines Suggests Downswing Isn't Over Yet
Bitcoin bulls could be in for more bad news. Long-term technical indicators suggest the battered digital currency is poised to continue its slump. A technical analysis of DVAN long-term trend lines shows Bitcoin resuming its recent downward trend. Its baseline indicator, which has been hovering above its algorithm line, does not portend a positive future. [more...]
Bloomberg: Yield Curve Isn't Lying About Next Recession, Guggenheim Says
Investors continue to ignore the flattening yield curve at their peril, according to Guggenheim Partners. [more...]
Bloomberg: U.K. Gig Economy Faces Biggest Test as Uber Heads to Court
Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of the U.K.’s burgeoning gig economy: whether Uber’s drivers are really self-employed. [more...]
Bloomberg: Goldman Says the Return of Fear Is a Good Thing for Gold
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recession. [more...]
Reuters: Exclusive: Defense firms see only hundreds of new U.S. jobs from Saudi mega deal
Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.” [more...]
Reuters: In two sessions, $200 billion of FANG market cap up in smoke
Facebook, Amazon.com, Netflix and Google-parent Alphabet were at the center of a volatile session on the U.S. stock market on Monday, cleaving $200 billion off of the so-called FANG group’s combined market capitalization in two sessions. [more...]
CNBC: Trade minister warns of ‘double whammy’ to global economy
Ongoing trade tensions that have hit market sentiments towards the end of the current business cycle could deal a “double whammy” to the global economy, said Singapore’s Minister for Trade and Industry Chan Chun Sing. [more...]
CNBC: BP earnings: Q3 net profit comes in at $3.8 billion, vs. $3.013 billion expected
BP beat analyst expectations on Tuesday. The British oil giant posted first-quarter underlying replacement cost profit, used as a proxy for net profit, of $3.8 billion for the three-month period ending Sept 30. Analysts at data firm Refinitiv had been expecting third-quarter net profit to come in at around £3.013 billion. [more...] |
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Currency Strength Indicators
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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.
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