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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.
Bloomberg: Stocks Extend Slide, Oil Slumps on Trade-War Angst: Markets Wrap
Asian stocks were mostly lower in the wake of trade-war jitters from the U.S. tariffs looming against Mexico and China’s retaliation against American measures. [more...]
Bloomberg: Morgan Stanley Sees Recession Within a Year If Trade War Gets Any Worse
A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates with its own countermeasures, according to Chetan Ahya, chief economist and global head of economics at Morgan Stanley. [more...]
Bloomberg: China Demands Respect and Blames U.S. for Trade Talks Flop
China’s government says it’s willing to work with the U.S. to end an escalating trade war but blames President Donald Trump’s administration for the collapse in talks and won’t be pressured into concessions. [more...]
Bloomberg: China Targets FedEx in ‘Warning’ to U.S.
China targeted FedEx Corp. in its escalating trade war with the U.S., giving a hint of the kind of foreign companies it may blacklist as “unreliable.” [more...]
Bloomberg: Too Many Unknowns Leave China Traders With No Clue on Stocks
The Shanghai Composite Index’s drop of as much as 13% since an April peak has stalled this year’s bull market, leaving it without direction. Volumes are dwindling and indexes are barely moving. The market is seeing its longest stretch of calm since February as traders struggle to figure out their next move. [more...]
Bloomberg: Why World’s Most Enduring Growth Story Is Starting to Wobble
Investors are giving up on the developed world’s most enduring economic growth story.
Australia hasn’t recorded two straight quarters of economic contraction since the first half of 1991, meaning it’s just a month away from overtaking the Dutch record and posting 28 years of continuous expansion. [more...]
Bloomberg: Fed Official Says ‘Patience’ Still Appropriate Despite Trump’s Tariff Threats
The Federal Reserve has reason to be “patient’’ on monetary policy given the uncertainties around possible new U.S. tariffs on Mexican goods, said San Francisco Fed President Mary Daly. [more...]
Bloomberg: Modi Victory Makes India's Rupee Double-Edged Sword for RBI
The rupee could be set to gain as Prime Minister Narendra Modi’s sweeping election victory boosts foreign inflows. That may present a dilemma for India’s central bank, analysts said. [more...]
Bloomberg: Trade-War Risk Has Investors on Alert as New Week Gets Underway
Investors are on alert to see what impact escalating trade feuds might have on the global outlook, but refrained from further judgment in early trading hours Monday following last week’s selloff in riskier assets. [more...]
Bloomberg: Little Solace in Sight for Pound as U.K. Political Risks Mount
There is little on the horizon that can help the pound regain its footing as investors brace for subdued U.K. economic data and the risk of a euroskeptic prime minister. [more...]
Reuters: Reeling from tariff threat, Mexico begins immigration talks in Washington
Fighting to stave off punitive tariffs announced by U.S. President Donald Trump, a senior Mexican delegation was set to begin high level talks on Monday in Washington, where it will be pushed to do more to hold back Central American migrants. [more...]
Reuters: U.S. regulators say some Boeing 737 MAX planes may have faulty parts
The FAA said up to 148 of the part known as a leading-edge slat track that were manufactured by a Boeing supplier are affected, covering 179 MAX and 133 NG aircraft worldwide. Slats are movable panels that extend along the wing’s front during takeoffs and landings to provide additional lift. The tracks guide the slats and are built into the wing. [more...]
CNBC: Is China really paying for Trump's tariffs? It isn't so straightforward
More than a year after U.S. President Donald Trump fired the first tariff salvo that eventually led to a trade war with China, the debate about who actually bears the burden of those elevated levies has not found a definite conclusion. [more...]
CNBC: 61-year-old self-made millionaire: 4 things I regret wasting money and time on in my 20s
It’s been more than 40 years since I graduated high school — and a lot has changed since then. I’m older, wiser, wealthier and much more successful. [more...]
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.