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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CNBC: Huawei faces a 'life or death crisis,' CEO says as he lays out 'battle' strategy amid US pressure
Huawei is facing a “life or death crisis” amid continued pressure from the U.S. government, its founder and CEO told employees, as he laid out a strategy for the Chinese telecommunications giant going forward. [more...] Bloomberg: Stocks Mixed on Low Volumes; Treasuries Slip: Markets Wrap
Stocks in Asia were mixed on low volumes as investors assessed the latest news on trade talks and awaited more clues on monetary policy. Treasury yields ticked higher after retreating Tuesday. [more...]
Bloomberg: Huawei Founder Sees ‘Live or Die Moment’ From U.S. Uncertainty
Huawei Technologies Co.’s founder Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries cut every few months and may lose their jobs, the billionaire said yesterday. [more...]
Bloomberg: Apple Targets Apple TV+ Launch in November, Weighs $9.99 Price After Free Trial
Apple Inc. plans to roll out the Apple TV+ movie and TV subscription service by November, part of a drive to reach $50 billion in service sales by 2020. The company will introduce a small selection of shows and then expand its catalog more frequently over several months, people familiar with the matter said. [more...]
Bloomberg: Goldman Applies for Control of China Investment Banking Venture
Goldman Sachs Group Inc. sought regulatory approval to buy a majority stake in its investment banking joint venture in China, following rivals including UBS Group AG and setting the stage for eventually gaining full control. [more...]
Bloomberg: Switzerland Has a New Way to Impose World’s Lowest Interest Rate
The Swiss National Bank has a new way of enforcing the world’s lowest interest rate. With the franc near a two-year high against the euro, the SNB’s decade-old battle against an overly strong currency is back in focus. There’s evidence it’s been intervening again and analysts are increasingly betting that it will soon follow with a rate cut. [more...]
Bloomberg: The One Job in Banking the Robots Can’t Take
When HSBC Holdings Plc thwarted a $500 million central-bank heist, sophisticated computer software didn’t raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. It was a teller at a suburban bank branch who became suspicious, declined a request to transfer $2 million, and triggered a review that uncovered the scam, according to one account of the episode. [more...]
Bloomberg: U.K. Steps Up Brexit Preparedness for Firms as Deadline Looms
British exporters are to be enrolled in a key customs system so they can trade with the European Union after Britain’s scheduled departure on Oct. 31. The U.K. tax authority will automatically issue more than 88,000 companies with an Economic Operator Registration and Identification number over the next two weeks, the Treasury said in a statement on Wednesday. Without it, the firms would no longer be able to trade with the EU after exit day. [more...]
Bloomberg: Buy Gold ‘At Any Level,’ Mobius Says as Central Bankers Ease
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. Prices climbed. [more...]
Reuters: Japan, U.S. ministers meet for trade talks as hopes for early deal fade
Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say. [more...]
Reuters: Caution grips Asian shares as Fed events loom large
Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going. [more...]
CNBC: Kyle Bass says US interest rates will follow the rest of the world to zero — ‘This is insane’
Central banks are just getting started with monetary easing, hedge fund manager Kyle Bass said, predicting U.S. interest rates will keep falling and follow global interest rates all the way down to zero. [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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