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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 Gain With Treasury Yields on Mexico Relief: Markets Wrap
Asian stocks and U.S. and European equity futures climbed Monday after President Donald Trump suspended plans for U.S. tariffs on Mexico. Treasuries fell along with gold and the yen as demand for havens sank. [more...]
Bloomberg: Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly
Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. [more...]
Bloomberg: Trump Unleashed Animal Spirits and Then He Crushed Them
If there was one thing investors thought they knew about Donald Trump, it was that he was on their side. He was the president who was going to reflate the economy, unleash animal spirits and drive up returns. Now that certainty has been demolished by a trade war, and two years of market history is being rewritten. [more...]
Bloomberg: United Technologies, Raytheon to Combine as Defense Giant
United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales in one of the industry’s biggest transactions ever. [more...]
Bloomberg: ‘Trade of Our Lives’: After Mueller, UBS Banker Faces Questions
The email from Moscow was tantalizing: the deal with the Kremlin, the banker wrote, could be “the trade of our lives.’’. More than a decade later, that message, and others like it, lie at the center of a legal drama that’s about to unfold in a London court Monday. [more...]
Bloomberg: The African Nation Built on Gold Loses Its Crown to a Rival
South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continent leader to Ghana. The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s second-largest gold producer. [more...]
Bloomberg: Oil Extends Gains on Saudi-Russia Supply Pledge, U.S. Rigs Data
Oil extended gains above $54 a barrel after drilling activity slowed in the world’s biggest producer and the top two crude exporters agreed to try and keep global markets in balance amid weakening demand. [more...]
Bloomberg: Emerging Markets Caught Between Rate-Cut Euphoria and Trade Woes
Two opposing forces are at play in emerging markets. The first is excitement over the dollar’s decline as speculation grows that the U.S. will cut rates soon. And the second is dread over President Donald Trump’s trade war. [more...]
Reuters: China exports grow despite U.S. tariffs, but import slump most in nearly three years
China’s exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures. [more...]
Reuters: China calls in foreign tech firms after Huawei sales ban: sources
China summoned global technology companies for talks last week following last month’s U.S. ban on selling technology to China’s Huawei Technologies Co Ltd, two people familiar with the matter told Reuters on Sunday. [more...]
CNBC: China says its May trade surplus was $41.65 billion, significantly more than expected
China said on Monday its overall trade surplus was $41.65 billion last month, significantly more than expected as the trade impasse between Washington and Beijing drags on. [more...]
CNBC: Markets can cheer: China appears to finally be addressing its US trade surplus
China will not allow the U.S. to interfere in its legislative process and economic policies, but it seems to be showing a readiness to keep its sales in American markets on a steep and steady downward path. [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.
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