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: Pound Wins Holiday From Selloff on Resistance to No-Deal Brexit
For Brits looking to escape the U.K. in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. [more...] Bloomberg: Stocks Advance as Treasury Yields Edge Higher: Markets Wrap
Stocks in Asia gained along with U.S. futures as traders kicked off a busy week for economic data and awaited commentary from the Federal Reserve chief. Treasuries slipped. [more...]
Bloomberg: These Nations Faced Bankruptcy. Now Their Bonds Yield Nothing
Less than a decade ago, investors could barely be compensated enough to hold the bonds of Spain and Portugal for fear the nations could be severed from the European Union. Now, they are a hair’s breadth away from having to pay for the privilege. [more...]
Bloomberg: Negative Mortgages Set Another Milestone in a No-Rate World
The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages. Jyske Bank A/S, Denmark’s third-largest lender, announced in early August a mortgage rate of -0.5%, before fees. Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of just 0.5%. [more...]
Bloomberg: Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs
President Donald Trump said Apple Inc. Chief Executive Officer Tim Cook voiced concerns about chief competitor Samsung Electronics getting an edge because its products, unlike Apple’s, won’t be subject to tariffs when imported by the U.S. [more...]
Bloomberg: Iran Tanker Signals It's Heading for Greece on Leaving Gibraltar
The Iranian supertanker detained last month on suspicion of hauling oil to Syria in violation of European sanctions set sail from Gibraltar waters after being released by the British territory and is now signaling Greece as its next destination. [more...]
Bloomberg: JPMorgan Says Yield-Curve Message Distorted But Risk Remains
Distortions in the Treasury yield curve mean it’s not necessarily signaling the risk of recession, according to JPMorgan Chase & Co. -- but the money-market curve still is. [more...]
Bloomberg: ‘Convexity Hedging Beast’ Blamed for Lower Bond Yields
Analysts and traders are blaming an increasingly familiar culprit for last week’s plunge in bond yields -- and they’re asking if it’s just the beginning. At issue is the relationship between bond yields and the impact of their decline on different portfolios. For large investors who hold mortgages, like money managers and banks, a drop in rates means the duration of these portfolios tends to fall since mortgages have negative convexity. [more...] Reuters: China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources
China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest set of U.S. sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday. [more...]
Reuters: Trump 'not ready' for China trade deal, dismisses recession fears
U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. [more...]
CNBC: Trump says he doesn’t want to do business with Huawei due to national security concerns
President Donald Trump said Sunday he doesn’t want to do business with Chinese tech giant Huawei, after weekend reports that the administration was planning to extend a reprieve that allows it to buy parts from U.S. companies. [more...]
CNBC: $20 million Porsche flops in auction snafu
A Porsche that was expected to sell for over $20 million flopped on the auction block Saturday night, after the sale was thrown into disarray by a technical error. [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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