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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: U.K. Labor Market Is Robust Despite an Expected Wobble
The U.K. lost jobs in the three months through April and pay growth eased, figures Tuesday may show. But the labor market is not about to crack under the pressure of Brexit uncertainty, according to Bloomberg Economics. [more...]
Bloomberg: Da Vinci's $450 Million Masterpiece Is Kept on Saudi Prince's Yacht: Artnet
A Leonardo Da Vinci masterpiece, whose whereabouts has been a mystery since it sold in 2017 for a record $450 million, has turned up in an unlikely place, according to Artnet.com. [more...]
Bloomberg: Stocks Advance, Peso Surges on Mexico Trade Relief: Markets Wrap
Global stocks climbed after President Donald Trump suspended plans for tariffs on Mexico. Sovereign bonds fell, along with gold and the yen, as demand for havens ebbed. [more...]
Bloomberg: China Sets Yuan Fixing Stronger Than Expected in Sign of Defense
hina’s central bank moved to shore up the yuan with a stronger-than-expected fixing and a planned bond sale in Hong Kong. The People’s Bank of China set its reference rate at 6.8930 per dollar Tuesday, 0.2% higher than traders’ and analysts’ average forecast of 6.9089. [more...]
Bloomberg: Chorus for Long-Term Bond Bets Grows on ECB Stimulus Potential
NatWest Markets, Barclays Plc and Bank of America Merrill Lynch are among those urging investors to buy longer-dated bonds instead of shorter-dated ones after the European Central Bank opened up the possibility of further stimulus measures. [more...]
Bloomberg: Goldman Sees Hard Path to OPEC+ Extension for Russia and Saudis
Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia -- the architects of the OPEC+ deal -- to reconcile their differences over the framework for an extension of their output pact into the second half, according to Goldman Sachs Group Inc. [more...]
Bloomberg: How China Overpowered the U.S. to Win the Battle for Rare Earths
It was Beijing’s decision almost 30 years ago to make rare earths a strategic material and ban foreigners from mining them that helped pave the way for China to elbow aside the U.S. as the world’s leading producer. [more...]
Bloomberg: Wall Street Game Plans the Market Reaction to a Fed Rate Cut
With expectations for Federal Reserve interest rate cuts increasing among investors and economists alike, some of the biggest U.S. banks are mapping out the implications for financial markets. [more...]
Reuters: Asia stocks rise as policy tweaks boost China markets
Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following a U.S. decision to hold off import tariffs on Mexico. [more...]
Reuters: Oil stable as market eyes ongoing supply cuts amid downturn
Oil prices stabilized on Tuesday on expectations that producer group OPEC and its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth. [more...]
CNBC: As US-China relations sour, Taiwan's value as a 'chess piece' may rise
As the United States and China remain deadlocked in a deepening dispute over trade and technology, some experts say Taiwan’s value as a bargaining chip has increased. [more...]
CNBC: Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately
President Donald Trump confirmed on Monday that additional tariffs on Chinese goods will be levied if Chinese President Xi Jinping does not attend this month’s G-20 meeting. [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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