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Latest News Headlines
Bloomberg: The Pound's Bad Day Could Have Been Much Worse
The pound has proven unexpectedly robust despite the drumbeat of bad news surrounding Brexit. Fund managers and analysts say this may be time to sell. While sterling slipped on Tuesday after lawmakers rejected the latest Brexit plan, the currency remains within 1 percent of a three-month high set last week. [more...]
Bloomberg: Stocks Drift Before Fed, Trade Talks; Pound Stable: Markets Wrap
Stocks in Asia drifted on Wednesday as the earnings season rolled on and investors awaited the Federal Reserve’s policy meeting. The pound lifted from its lows reached in wake of lawmakers’ vote to renegotiate the Brexit withdrawal agreement with Brussels. [more...]
Bloomberg: Harley-Davidson Profit Is Wiped Out by President Trump’s Tariffs
Harley-Davidson Inc. barely broke even in the last quarter of a year in which the struggling American icon got caught up in President Donald Trump’s trade wars. The motorcycle maker’s shares plunged the most in a year. [more...]
Bloomberg: Iron Ore Rockets as Vale Supply Disruption Convulses Market
The global iron ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9 percent. [more...]
Bloomberg: U.S. and China Are Talking Some More, But Deal Prospects Are Still Slim
The U.S. and China are sitting down Wednesday for the first of two days of high-level talks aimed at finding a solution to a trade war that’s casting a growing shadow on both of the world’s two largest economies. But don’t hold your breath for a deal. [more...]
Bloomberg: Apple Results Suggest Stability After a Tough End to 2018
Apple Inc. reported holiday-quarter results and gave a forecast that together suggested the company’s performance has begun to stabilize after a punishing end to 2018. [more...]
Bloomberg: Gundlach Sees Recession Sign in U.S. Consumer Confidence Spread
U.S. consumer confidence still looks relatively high even with recent declines, but billionaire investor Jeffrey Gundlach says the underlying data suggest a recession is coming. [more...]
Bloomberg: Venezuela Has 20 Tons of Gold Ready to Ship. Destination Unknown
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank. [more...]
Bloomberg: LVMH Eases Fears of a Luxury Slowdown in China
Chinese consumers may not be snapping up iPhones, but LVMH sees no let-up in shoppers’ thirst for luxury goods. The French luxury giant gave a bullish outlook after quarterly earnings showed continuing demand for its handbags and Hennessy Cognac in the world’s second-largest economy. [more...]
Reuters: Trade wars: We're next, European investors fear
While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines. [more...]
Reuters: Fed likely to hold rates steady as it navigates data blind spots
In the six weeks since a confident U.S. Federal Reserve raised interest rates in response to a “strong” U.S. economy, consumer confidence dropped, wholesale prices weakened, financial markets wobbled and home sales fell. [more...]
CNBC: Apple booked $13 billion in revenue from China last quarter, down 27% from a year ago
Apple's revenue in China came in at $13.17 billion during the December quarter, a drop of nearly $5 billion from a year ago, when Apple reported $17.96 billion in China revenue. Apple's revenue is typically highest during this quarter, the first of its fiscal year. [more...]
CNBC: Avoid these sectors amid China's slowdown, analysts say
Investors should be cautious of companies with a high exposure to the China market as fears of Asia's largest economy slowing down continue to spook markets, experts said. [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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