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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.
Latest News Headlines
Bloomberg: Stocks Slide as Trump Turns Tariff Gun to Mexico: Markets Wrap
Stocks fell in Asia along with Treasury yields, though the magnitude of the declines eased as trading progressed, after Beijing said it was ready to restrict the sale of rare earths to U.S. if needed and President Donald Trump threatened to place escalating import tariffs on Mexico. [more...]
Bloomberg: Trump to Impose Tariff of Up to 25% on Mexico Over Migrant Surge
President Donald Trump vowed to impose a 5% tariff on Mexican goods until that country stops immigrants from entering the U.S. illegally -- brandishing a weapon used against a widening group of countries and jeopardizing a new North American trade agreement. [more...]
Bloomberg: China Puts U.S. Soy Buying on Hold as Tariff War Escalates
China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter. [more...]
Bloomberg: Traders Brace for New Cold War That Will ‘Last Our Careers’
Ray Dalio calls it a “long ideological war.” Mark Mobius sees little hope for a quick resolution. And Stephen Jen says we’re witnessing the start of a 15-round fight. [more...]
Bloomberg: Uber Will Reduce Promotions After Losing $1 Billion in a Quarter
Uber Technologies Inc., in its first financial report as a public company, posted first-quarter sales near the high end of its previously disclosed preliminary results. The company also reported a $1.01 billion quarterly loss, among the largest of any public company. [more...]
Bloomberg: June Could Be the Cruelest Month for China’s Yuan
If May felt like a bruising month for the Chinese yuan, just wait for June. It promises to be a roller coaster.
The Chinese currency is down about 2.6% this month, the worst performer in Asia and heading for its biggest drop since July. [more...]
Bloomberg: Trump ‘Gone Rogue’ on Trade Is Last Thing Global Economy Needs
Economists warned that U.S. President Donald Trump’s vow to impose a 5% tariff on Mexican goods poses a new danger to the world economy. They worry the move will further upend supply chains and trade diplomacy and diminishes the likelihood of a near-term breakthrough with China. [more...]
Bloomberg: Three Fed Cuts on Bond-Market Radar as Curve Inversion Deepens
Treasuries are leading a bull run in global bonds, bringing into sight the prospect of benchmark 10-year yields dropping to 2% for the first time since late 2016 as traders ramp up bets on monetary-policy easing by the U.S. central bank. [more...]
Reuters: U.S. wants new trade pact with Canada, Mexico passed by summer: Pence
U.S. Vice President Mike Pence said on Thursday he was pushing to get the U.S. Congress to ratify the new North American trade agreement this summer after both Canada and Mexico signaled they are ready to start the approval process. [more...]
Reuters: Pentagon seeks funds to reduce U.S. reliance on China's rare earth metals
The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier. [more...]
CNBC: John Negroponte: Trump’s new tariff on Mexico is ‘bad politically and bad economically’
A widely followed former American diplomat questioned on Friday whether President Donald Trump was adopting the right strategy by threatening Mexico with a new tariff because of immigration issues. [more...]
CNBC: Shares of Asian automakers tumble as US announces tariffs on Mexico
Shares of Asian automakers dropped in Friday trade after U.S. President Donald Trump announced fresh tariffs on Mexico.
In Tokyo afternoon trade, shares of Nissan dropped 3.71%, while Toyota declined 2.02% and Mazda plunged 6.12%. [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.