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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Bloomberg: Stocks Trade Mixed; Oil Extends Rally on Libya: Markets Wrap
Stocks in Asia kicked off the week on a cautious note and European futures fell, while the yen inched higher with gold as investors digested the progress made on trade last week and U.S. employment data Friday. Oil rose as fighting in Libya raised the risk of supply outages. [more...]
Bloomberg: Inflated Credit Scores Leave Investors in the Dark on Real Risks
Consumer credit scores have been artificially inflated over the past decade and are masking the real danger the riskiest borrowers pose to hundreds of billions of dollars of debt. [more...]
Bloomberg: JPMorgan Says Watch These Market Correlations for Warnings
A shift in correlation between U.S. equities and credit spreads, and a divergence between developed- and emerging-market currencies versus the dollar could be early warning signs of major market turning points, according to JPMorgan Chase & Co. [more...]
Bloomberg: China Is on a Big Gold-Buying Spree
China’s on a bullion-buying spree as Asia’s top economy expanded its gold reserves for a fourth straight month, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. Prices advanced back toward $1,300 an ounce. [more...]
Bloomberg: Trump Wants the Fed to Cut Rates. It Just Might If Inflation Softens
With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub-par inflation. It’s not totally crazy to think he’ll eventually carry the day. [more...]
Bloomberg: This Strategist Still Sees Redemption for Dollar's Doomsayers
The dollar’s been buoyant this year despite some pretty gloomy projections, but the pessimists are hanging in there. Just ask Steven Englander, Standard Chartered Bank’s global head of currencies. [more...]
Bloomberg: Libya Fighting Erupts Again. Here's the Oil Impact
Fighting in Libya is encroaching on the capital, elevating the risk of new oil supply outages from the OPEC member. Warlord Khalifa Haftar is moving his self-styled Libyan National Army west to Tripoli, the base of the rival UN-backed, internationally recognized government. [more...]
Bloomberg: Brexit Bulletin: What’s Happening, Theresa?
There have been many “crunch” weeks in the Brexit process, but this could actually live up to the name. By close of business on Friday, Brexit will either be happening or it will be delayed—possibly for a long time. [more...]
Bloomberg: Norway Is Walking Away From Billions of Barrels of Oil and Gas
To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over the weekend decided to shift its stance and will end a push for oil exploration offshore the sensitive Lofoten islands in Norway’s Arctic. That means there’s now a solid majority in parliament to keep the area off limits for drilling. [more...]
Bloomberg: Yen's Outlook Worsens as Traders Turn Bearish, Outflows Increase
The omens are looking bad for the yen. Traders have boosted short positions on Japan’s currency for six straight weeks as signs that economic growth is slowing make it more likely the central bank will maintain its record monetary stimulus. [more...]
Reuters: Midwest floods hammer U.S. ethanol industry, push some gasoline prices toward five-year high
The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. [more...]
Reuters: BOJ offers bleakest view in six years on Japan's regional economies
The Bank of Japan on Monday cut its assessment for three of the country’s nine regions, the biggest number of downgrades in six years, suggesting that the hit to exports and factory output from slowing overseas demand was broadening. [more...]
CNBC: Oil markets will see ‘much more upside than downside,’ Citi strategist says
Edward Morse, the global head of commodities research at Citi Group, gave a bullish outlook for global oil markets Sunday, saying that current inventories were at a “constructive” level. [more...]
CNBC: Bezos hired a SpaceX vice president to run Amazon’s satellite internet project after Musk fired him
Amazon’s satellite internet plan is increasingly looking like the one Elon Musk has at SpaceX, with thousands of spacecraft that are compact in size. Among the reasons for the similarities, people tell CNBC, is that Jeff Bezos has hired some of Musk’s previous senior management. [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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