Todays Markets
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Economic Calendar
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Trading Sentiment
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.
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Latest News Headlines
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Bloomberg: Yuan Tumbles, Stocks Plunge, Treasury Yields Slide: Markets Wrap
China’s yuan fell past 7 per dollar, a level that had long been a focus for investors as a line in the sand for the country’s policy makers. The move escalated concerns about the U.S.-China trade war, spurring the biggest sell-off in Asian stocks since October. [more...]
Bloomberg: Putin’s Pledge to Ditch the Dollar Is Slowly Becoming a Reality
Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow. The shift is part of a strategy to “de-dollarize” the Russian economy and lower its vulnerability to U.S. sanctions. [more...]
Bloomberg: HSBC CEO Flint Exits in Surprise Move After Just 18 Months
John Flint’s tenure running HSBC Holdings Plc has come to an abrupt end, with the bank announcing early Monday in Asia that the chief executive officer was stepping down. [more...]
Bloomberg: Buffett Steers Clear of Buying Stocks; Berkshire’s Cash Pile Hits a Record
Warren Buffett’s distaste for overpaying is winning out over his frustration with sitting on a lot of cash. With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. [more...]
Bloomberg: Hong Kong’s Lam Warns of ‘Ruin’ as Strike Snarls City, Airport
Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike and commute disruptions on Monday, after a ninth straight weekend of unrest in opposition to China’s tightening grip. [more...]
Bloomberg: Asia Stocks Set for Worst Day of Year as FX Meets Trade
Bruised by the Federal Reserve and beaten by President Donald Trump’s comments on trade, Asian stocks lost over $700 billion in market value last week. It didn’t get any better Monday. The MSCI Asia Pacific Index slumped as much as 2.2%, set for the worst slump this year as trade tensions escalated and the yuan hit a record low. [more...]
Bloomberg: World's Biggest Banks Sink to Record Lows as China Pain Spreads
Stock investors have never been so downbeat on the world’s biggest banks. China’s “big four” state-owned lenders, which together control more than $14 trillion of assets, tumbled to record-low valuations on Monday amid mounting concern that Beijing will encourage them to bail out smaller peers. [more...]
Bloomberg: Bitcoin Surges Past $11,000 as Cryptos Rally Amid Market Turmoil
Bitcoin climbed past the $11,000 level for the first time since mid-July to lead gains among the biggest cryptocurrencies, as risk assets across Asia tumbled on escalating trade war tensions. [more...]
Bloomberg: Korea Leads Slide as Emerging Asia Caught in Trade, FX Crossfire
South Korea’s won and stocks led losses in Asian emerging-market assets as trade tensions escalated and signs emerged that China was allowing currency depreciation to ward off the latest U.S. tariff threat. [more...]
Bloomberg: Traders Brace for Full-Blown Currency War as China’s Yuan Sinks
Traders in Asia are bracing for a full-fledged currency war, after a slide in China’s yuan past the 7 per dollar mark raised the prospect of policy makers allowing their exchange rates to weaken to remain competitive. [more...]
Reuters: Asia stocks hit six-month low as investors flee to safety, yuan slumps
Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold. [more...]
Reuters: Oil prices drop as U.S.-China trade war fuels growth concerns
Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trump vowed to escalate the trade war with China with more tariffs, which would likely limit fuel demand in the world’s two biggest crude consumers. [more...]
CNBC: China’s yuan just weakened to an important level. One analyst says it’s ‘retaliation’ for tariffs
The Chinese yuan crossed a closely watched barrier against the dollar on Monday following another escalation in the trade war between Beijing and Washington. [more...]
CNBC: Europe’s brain drain is getting worse — so some countries are scrapping income tax for young people
Central and Eastern European (CEE) countries are proposing radical tax incentives for young people, as part of a drive to stem the flow of skilled workers to Western EU states. [more...] |
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Currency Strength Indicators
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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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