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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.
Latest News Headlines
Bloomberg: Stocks Climb With Yuan as China Eases Concerns: Markets Wrap
Stocks in Asia rose along with European and U.S. equity futures and the yuan after China’s stronger than expected daily fixing of its currency eased fears about a worsening trade conflict. [more...]
Bloomberg: Disney Goes After Netflix With $13-a-Month Streaming Bundle
Walt Disney Co. is pricing a new bundle of streaming services at a surprisingly low $12.99 a month, challenging Netflix Inc. with a package that includes family programming, live sports and a deep library of television shows. [more...]
Bloomberg: Stocks, Treasury Yields Climb After Day-Long Dives: Markets Wrap
U.S. equities and benchmark Treasury yields mounted an impressive comeback late in the day, reversing sharp drops as investors turned more positive on the outlook for global growth amid central-bank moves to ease monetary policy. [more...]
Bloomberg: This Week Has Already Produced Three Bad Signs for Trump’s Reelection
President Trump touches down in El Paso, Texas, today amid a national furor over racist gun massacres, a plummeting stock market, and growing signs that his trade war with China will fail to produce the historic deal he promised during his 2016 presidential campaign. [more...]
Bloomberg: Standard Bank First-Half Profit Rises 4% on African Operations
Standard Bank Group Ltd. said first-half profit rose 4% as higher income from its operations outside of South Africa helped compensate for slower economic growth in its home market. [more...]
Bloomberg: Bet on Make or Break Trade Moments Via the Aussie, BofAML Says
Option trades on the Australian dollar may be the best way to bet on the next big turn in the U.S.-China trade saga as the September tariff deadline approaches, according to Bank of America Merrill Lynch. [more...]
Bloomberg: Germany's Workers Are About to Feel the Impact of the Trade Storm
The global trade storm battering manufacturing in Europe’s largest economy is about to reach the labor market.
German joblessness, which declined from one record low to the next for much of the past decade, is no longer falling and risks a reversal as workers endure the repercussions of the country’s factory slump. [more...]
Bloomberg: Gold Tops $1,500 as Investors Seek Shelter From Gathering Storm
Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. [more...]
Reuters: China surprises with best export growth since March, but imports remain weak
China’s exports unexpectedly returned to growth in July on improved global demand despite escalating U.S. trade pressure, but the rebound may be short-lived as Washington prepares to slap even more tariffs on Chinese goods. [more...]
Reuters: Trump dismisses fears of long-lasting trade war; China sees severe global impact
U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order. [more...]
CNBC: China’s exports unexpectedly rise in July — but more US tariffs may weigh on trade
China on Thursday reported trade data that was better than expected despite mounting economic pressure from elevated U.S. tariffs. The Asian economic giant said its U.S. dollar-denominated exports in July rose 3.3% from a year ago while imports fell 5.6% during the same period. [more...]
CNBC: China sets the yuan midpoint at 7.0039 per dollar, weakest since April 2008
China’s central bank on Thursday set the official reference rate for the Chinese currency at 7.0039 yuan per dollar — the weakest level since April 21, 2008. Investors are watching the currency closely after the currency breached the important 7-yuan-per-dollar level on Monday. That prompted the U.S. Treasury department to label Beijing a currency manipulator. [more...]
Currency Strength Indicators
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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