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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: Trump Has a Point: The Euro Is 22% Too Cheap Using OECD Measure
U.S. President Donald Trump’s latest Twitter missive on financial markets holds water for some currency watchers. Trump said Tuesday that the euro is “devalued” against the dollar, “putting the U.S. at a big disadvantage.” He may not be wrong. [more...]
Bloomberg: Stocks Slip as Rally Fizzles; Treasury Yields Dip: Markets Wrap
Stocks in Asia declined as U.S. and European futures slid amid signs of fatigue in the recent revival in risk appetite. Treasuries ticked higher and safe havens advanced. [more...]
Bloomberg: Apple’s U.S. iPhones Can All Be Made Outside of China If Needed
Apple Inc. has a backup plan if the U.S.-China trade war gets out of hand. The Cupertino, Calif.-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the U.S. outside of China if necessary, according to a senior executive at Hon Hai Precision Industry Co. [more...]
Bloomberg: U.S. Stocks End Winning Streak With Trade in Focus: Markets Wrap
U.S. stocks ended their longest winning streak in two months as investors weighed the outlook for trade talks and interest rate policy. Treasuries were steady along with the dollar. [more...]
Bloomberg: Trump Says He's Holding Up Trade Deal With China Ahead of G-20
President Donald Trump said he’s personally holding up a trade deal with China and that he won’t complete the agreement unless Beijing returns to terms negotiated earlier in the year. [more...]
Bloomberg: Beyond Meat Sinks 25% as Wall Street Starts Worrying About Price
Beyond Meat Inc. fell in its worst day since its initial public offering, pausing rally that has rocketed the stock more than 500% higher, after the last bullish analyst among the fake-meat company’s underwriters threw in the towel. [more...]
Bloomberg: Google Is Moving More Hardware Production Out of China
Alphabet Inc.’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive U.S. tariffs and an increasingly hostile government in Beijing, according to people familiar with the matter. [more...]
Bloomberg: China Sends Warning Signal to Yuan Bears Before G20 Meeting
China’s central bank is making it clear to yuan bears that short-term declines are no sure thing, especially in the run up to a crucial meeting at the end of this month. [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 shares turn wary, U.S. inflation next hurdle
Asian share markets were in a defensive crouch on Wednesday as the White House took a tough line on trade talks with China, while a looming reading on U.S. inflation could scramble the odds for an early cut in interest rates there. [more...]
Reuters: OPEC nears deal to keep production curbs in place: UAE energy minister
Members of the Organization of the Petroleum Exporting Countries are close to reaching an agreement on extending production cuts, the energy minister of the United Arab Emirates said on Tuesday. [more...]
CNBC: China's loans to other countries are causing 'hidden' debt. That may be a problem
China’s lending to other countries, often shrouded in secrecy, is thought to be higher than the amounts that are officially tracked, resulting in much “hidden debt.” That growing debt problem could spark a worse-than-expected slowdown, among other problems, experts warn. [more...]
CNBC: Coinbase launches its cryptocurrency debit card in six more countries in Europe
Digital currency exchange Coinbase announced Wednesday its Visa debit card is to launch in six more European countries after debuting in the U.K. in April. The card allows users with Coinbase accounts to spend cryptocurrencies like bitcoin, ethereum and litecoin in stores and online at any merchant that accepts Visa. [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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