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Latest News Headlines
Bloomberg: Stocks Drop, Yuan Slides as Trade Optimism Dims: Markets Wrap
Stocks in Asia retreated at the start of the week after optimism over a potential U.S.-China trade deal ebbed in recent days. The yuan slumped, drawing little help from Chinese President Xi Jinping’s pledges to ease trade barriers. [more...]
Bloomberg: Buffett Shows His Appetite for Buying Stocks, Including His Own
The world’s most famous stock-picker showed a growing appetite for equities in the third quarter -- including a rare move to buy his own firm’s shares. Now, October’s market slide opens the door for Warren Buffett to finally make a dent in his giant pile of cash. [more...]
Bloomberg: Wall Street’s Turnaround on Saudis Signals Return to Business as Usual
For a moment, Wall Street seemed to be inching away from Saudi Arabia. Now, it’s already inching back.
A month after the murder of government critic Jamal Khashoggi in the Saudi consulate in Istanbul, bankers say the rewards of doing business with the oil-rich kingdom far outweigh the risks. [more...]
Bloomberg: Xi Jinping Criticizes ‘Law of Jungle’ in Veiled Swipe at Trump
Chinese President Xi Jinping hit back against protectionist trade practices advocated by U.S. President Donald Trump in a speech in which he also pledged to further cut import tariffs and open his country’s markets. [more...]
Bloomberg: Pound Set to Gain as Mood Swings Toward Brexit Divorce Deal
The pound’s jump at the start of November gave investors a hint of what may happen if there’s a Brexit deal in coming weeks. Sterling could “blast through” $1.35 within two days if a divorce is agreed between Britain and the European Union, according to Mizuho Bank Ltd. [more...]
Bloomberg: Turkish Inflation Accelerates as Lira Slump Feeds Into Prices
Turkey’s consumer inflation accelerated more than expectations last month as the weak lira continued to fuel price gains. The inflation rate rose to 25.2 percent from 24.5 percent in September, above the median estimate of 25 percent predicted by economists in a Bloomberg survey. [more...]
Bloomberg: SoftBank Profit Soars as Son Begins to Benefit From Tech Deals
SoftBank Group Corp. founder Masayoshi Son is starting to reap the benefits of his enormous technology investments. SoftBank reported second-quarter profit that far exceeded the highest analyst estimate largely because of multi-billion dollar gains on a handful of his many deals. [more...]
Bloomberg: Mending Qatar Ties Won't Calm Investors Troubled by Saudi Shocks
Investors stunned by Saudi Arabia’s unpredictable foreign policy under Crown Prince Mohammed bin Salman are unlikely to drop their guard even if the kingdom succumbs to U.S. pressure to resolve its conflict with neighboring Qatar and end the war the Yemen. [more...]
Bloomberg: Goldman Says Dollar's Reaction to Jobs Report Reveals Hurdles
The U.S. payroll jobs report on Friday was strong. The dollar’s reaction to it, less so. Goldman Sachs Group Inc. says that shows how tough it will be for the greenback to move up any more. [more...]
Reuters: U.S. ratchets up pressure on Iran with resumption of sanctions
The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. [more...]
Reuters: Asian shares sell-off as risk sentiment sours, pound pares gains
Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling briefly jumped to a two-week high on hopes of an orderly Brexit. [more...]
CNBC: The US keeps cutting large checks to China, Japan and Germany
The smart mercantilist leaders of China, Japan and Germany — the three countries accounting for nearly 30 percent of the world economy — knew all along that U.S. President Donald Trump’s huge fiscal stimulus would be sending wonderfully large gifts their way. [more...]
CNBC: David Stockman believes the 40% market downturn he’s long predicted has finally arrived
David Stockman warns a 40 percent stock market plunge is closing in on Wall Street. Stockman, who served as President Reagan’s Office of Management and Budget director, has long warned of a deep downturn that would shake Wall Street’s most bullish investors. He believes the early rumblings of that epic downturn is finally here. [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.
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