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Latest News Headlines
Bloomberg: Stocks Drift, U.S. Yields Near 19-Month Low: Markets Wrap
Stocks in Asia chalked up modest gains in thin trading, while European and U.S. futures pointed to advances as traders returned from U.S. and U.K. holidays. Treasuries edged higher. [more...]
Bloomberg: Billionaire Huawei Founder Defiant in Face of Existential Threat
Huawei Technologies Co. founder Ren Zhengfei struck a defiant tone in the face of U.S. sanctions that threaten his company’s very survival. [more...]
Bloomberg: Fiat Plans Merger With Renault in Latest Auto Industry Jolt
Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world’s third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. [more...]
Bloomberg: Americans Snap Up Imports From Vietnam at China’s Expense
Vietnam was one of the fastest-growing sources of American imports from Asia last quarter, and could potentially overtake the U.K. as a bigger supplier to the U.S. if it keeps up that pace. [more...]
Bloomberg: Calm Returns to China's Stock Market After $1.3 Trillion Rout
Investors are taking a breather from the recent market rout that has wiped out almost $1.3 trillion from China’s stock market.
The CSI 300 Index hasn’t moved more than 2% in either direction in the past seven sessions, the longest streak of calm since February. Volatility has dropped too. [more...]
Bloomberg: This $72 Billion Fund is Shorting the Dollar in a Contrarian Bet
The dollar’s rally may be approaching an end as pressure mounts on U.S. President Donald Trump to strike a trade deal with China, according to Brandywine Global Investment Management LLC. [more...]
Bloomberg: Meet The Godfather Of Crypto, Who's Been Working On Digital Currency Since The Early 80s
Bitcoin has been around for about ten years. But the dream of a decentralized, anonymous digital currency has been around for decades. On this week's podcast, we speak with one of the original godfathers of the space, David Chaum, an American cryptographer, who first wrote about digital cash in the early 80s. [more...]
Bloomberg: China’s Slowdown Is Global Economy’s Nightmare, Reinhart Says
Beyond trade-war risks and an uncertain monetary policy outlook, looming large for the global economy is the threat that China’s slowdown could be worse than currently seen, said Harvard University economist Carmen Reinhart. [more...]
Bloomberg: Swiss Economy Fights Off Global Slowdown as Growth Surges
Swiss economic growth accelerated more than economists expected in the first quarter, joining the upturn seen across much of Europe at the start of the year. [more...]
Bloomberg: Bitcoin Jumps Toward $9,000 in Best-Performing Month Since 2017
Bitcoin jumped as much as 10% on Monday to almost breach $9,000 as it extended the best one-month rally since before the token’s historic surge in 2017. [more...]
Reuters: China gains, auto sector lift Asian shares, but sentiment fragile
Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. [more...]
Reuters: Huawei reviewing FedEx relationship, says packages ‘diverted’
Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others. [more...]
CNBC: Increasing tariffs on China will likely hurt US growth, says Nomura
Raising tariffs on all Chinese goods that enter American borders will likely hurt U.S. economic growth, which has already shown signs of slowing in recent months, according to Japanese financial firm Nomura. [more...]
CNBC: China is indicating it’ll never give in to US demands to change its state-run economy
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its economy are running up against “core interests.” [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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