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
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CNBC: British Prime Minister Theresa May could reportedly resign within days
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces pressure from members of her own party to step down. [more...] Bloomberg: Stocks, U.S. Futures Drop as Trade Worries Deepen: Markets Wrap
U.S. and European futures tracked a slide in Asian stocks on Thursday as worries over U.S.-China tensions grew. India bucked the trend, with equities there soaring as election results showed Prime Minister Narendra Modi is set to win a majority on his own. [more...]
Bloomberg: Wow Air Collapse Decimates Iceland’s Economy
It’s not often that an entire economy is thrown off course by a single corporate event. But that’s what appears to have happened in Iceland. The recent bankruptcy of budget airline Wow Air has delivered such a blow to the Icelandic tourist industry, and the wider economy, that the central bank on Wednesday cut its main interest rate by half a point to 4%. [more...]
Bloomberg: Fed Minutes Signal Patience on Rate Moves for ‘Some Time’
Federal Reserve officials judged at their latest meeting that their patient approach to interest-rate change would be appropriate “for some time,” and many sided with Chairman Jerome Powell’s view that the recent dip in inflation was probably temporary. [more...]
Bloomberg: Peter Thiel-Backed Crypto Startup Pays Out 6,567% Return
Billionaire moneymen Peter Thiel, Alan Howard and Louis Bacon have seen plenty of big paydays—but probably none as unusual as this one. A buyback by Block.one, a cryptocurrency startup, will return as much as 6,567% to its earliest investors—in less than three years. [more...]
Bloomberg: China's Siri Plunges as Trump Widens Assault on Tech Firms
Voice recognition company Iflytek Co. plunged following news it is on a list of Chinese technology firms that may face restrictions from the U.S. Iflytek slid as much as 8.2% in Shenzhen after people familiar with the matter said the U.S. is considering curbs on the company. [more...]
Bloomberg: The Trade War's Grip on Currency Markets Tightens
Trade tensions between the U.S. and China are starting to pull foreign-exchange markets into the arena. Yet far from embracing their currencies as a weapon, many countries are being forced to take a defensive posture against the almighty dollar. [more...]
Bloomberg: Tesla Woes Make It a ‘Restructuring Story,’ Morgan Stanley Says
A Wall Street analyst who had a price target as high as $379 on Tesla Inc. a little more than a year ago held a private call with investors Wednesday to elaborate on why he thinks the stock may now be headed for as low as $10. [more...]
Bloomberg: China Stocks at the Mercy of Foreigners Like Never Before
The record pace of foreign selling in China’s equities matters now more than ever. While overseas traders are quickly souring on yuan assets, they’ve also never wielded this much influence over the onshore stock market. Index inclusions and expanded quotas mean they drive a record 10% of daily turnover. [more...] Bloomberg: Short-Dollar Trade Wiped Out as Tariff Wars Undermine Growth
The threat of trade war has put King Dollar back on its throne and usurped an ever-popular bet on emerging-market currencies in one fell swoop. As the Bloomberg Dollar Index hits the highest this year, a gauge that measures carry-trade returns from eight emerging markets, funded by short positions in the greenback, has given up its gains this year. [more...]
Reuters: Explainer: China's rare earth supplies could be vital bargaining chip in U.S. trade war
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. [more...]
Reuters: Prepare for difficult times, China's Xi urges as trade war simmers
China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. [more...]
CNBC: Huawei says its own operating system could be ready this year if it can’t use Google or Microsoft
Huawei could have its own operating system for smartphones and laptops ready for use in China by fall this year, the head of the company’s consumer division told CNBC. [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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