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Latest News Headlines
Bloomberg: Stocks Rebound for Third Day After Earnings, Data: Markets Wrap
U.S. stocks rose and Treasuries slumped anew as the rebound in risk assets from the trade-fomented sell-off continued.
The S&P 500 capped a third day of gains, but faded into the close to finish just above its average price over the last 50 sessions. [more...]
Bloomberg: China Downplays Chances for Trade Talks While U.S. Plays ‘Little Tricks’
China’s state media signaled a lack of interest in resuming trade talks with the U.S. under the current threat to escalate tariffs, while the government said stimulus will be stepped up to buttress the domestic economy. [more...]
Bloomberg: Xi Has $3.65 Trillion Fiscal War Chest to Counter Trump Tariffs
Beijing’s main defense against trade-war fallout this year is more likely to come from the finance ministry than the central bank, no matter what President Donald Trump says. [more...]
Bloomberg: Citigroup Hit Hardest as EU Fines Banks $1.2 Billion Over FX
Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on foreign-exchange trading strategies. [more...]
Bloomberg: Goldman Fund Says Bond Market Has Gone Too Far, Yields Will Rise
Bond yields are poised to rebound as gains in Treasuries and a market gunning for Federal Reserve interest-rate cuts are at odds with a U.S. economy on firm footing, according to Goldman Sachs Asset Management International. [more...]
Bloomberg: Walmart Says Customers Will Pay More After Trump's Tariffs
Walmart Inc. advanced after meeting sales estimates and indicating that shoppers will absorb some of the costs from President Donald Trump’s tariffs on Chinese imports. [more...]
Bloomberg: China Cuts U.S. Treasury Holdings to Lowest Level Since 2017
China cut its U.S. Treasuries holdings to the lowest level since 2017 in March amid the trade dispute between the world’s two biggest economies. It was only a slight reduction -- the stake slipped by $10.4 billion, the first drop since November -- but that was enough to bring the position down to a two-year low of $1.12 trillion, according to data the U.S. Treasury Department released Wednesday. [more...]
Bloomberg: Growth Fears Leave ECB Exposed as Negative Rate Relief Doubted
European Central Bank officials dragging their feet over a potential revamp of their negative interest rates might be shutting off one way to convince investors they are serious on stoking inflation. [more...]
Bloomberg: It's All Starting to Look Glum for the Australian Dollar
Australia’s dollar is under siege from an upcoming election, a trade war and a faltering economy.
Nomura Holdings Inc. advocates a short position ahead of Saturday’s general election. [more...]
Reuters: China evokes patriotism, past wars as trade conflict with U.S. heats up
The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars. [more...]
Reuters: Japan April exports seen down for fifth month as U.S.-China trade war deepens: Reuters poll
Japan’s exports likely contracted for a fifth straight month in April as the U.S.-China trade war raged, adding to pressure on its struggling economy, a Reuters poll of economists showed on Friday. [more...]
CNBC: Shares of Huawei's American suppliers slide, but the Chinese giant says it can survive US blacklist
Shares of Huawei’s key U.S.-listed suppliers stumbled on Thursday following a new rule that requires American firms to seek government approval before selling to the Chinese tech giant. [more...]
CNBC: Bitcoin price plunges less than a day after trading above $8,000 level
Bitcoin prices plummeted less than a day after the world’s largest cryptocurrency traded at levels above $8,000.
As of 12:59 a.m. ET Friday, the price of bitcoin was at $7,215.79 apiece, according to data from Coindesk — a 10.1% drop in the last 24 hours. [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.