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: Queen approves Boris Johnson’s plan to suspend parliament, making a no-deal Brexit more likely
U.K. Prime Minister Boris Johnson has scheduled the formal reopening of parliament for October 14 — a highly-controversial move that would restrict parliamentary time before the Brexit deadline and increase the chances of the U.K. leaving the EU with no deal. [Read more...] Bloomberg: Pound’s Wild Ride Is Changing Everything on Britain’s High Street
When Brexit first drove up the cost of importing ingredients like jasmine rice, curry paste and coconut milk from Thailand, London restaurant owner Saiphin Moore traveled to her native country to cut out the middlemen. [Read more...] Bloomberg: Asian Stocks Pare Losses; Treasury Yields Fall: Markets Wrap
Asian stocks pared earlier losses to trade mostly flat Thursday as investors awaited clarity on when the next steps in the U.S. and China trade negotiations might happen. The dollar held near a nine-month high and Treasury yields declined. [Read more...]
Bloomberg: The Big Short’s Michael Burry Sees a Bubble in Passive Investing
Michael Burry shot to fame and fortune by betting against mortgage securities before the 2008 crisis, a trade immortalized in “The Big Short”. Now, Burry sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment. [Read more...]
Bloomberg: These Are the Safest Cities in the World Right Now
There’s a new surprise member of the world’s safest cities club. Washington, D.C., has entered the top 10 in the Safe Cities index for the first time, while Hong Kong is a noticeable no-show after plummeting down the rankings. [Read more...]
Bloomberg: Yuan Falls for 11th Day, Set for Longest Losing Streak on Record
The yuan can’t stop dropping, despite efforts by the central bank to stabilize the currency via the daily fixing. The yuan is on track for 11 straight sessions of losses against the dollar, which would be its most prolonged slump according to China Foreign Exchange Trade System data that goes back as far as 2007. [Read more...]
Bloomberg: U.K. Monthly Car Production Falls on Weaker Europe, Asia Demand
U.K. car production fell in July for the 14th straight month as consumers and businesses in Europe and Asia bought fewer vehicles. Car output fell 11% from a year earlier to 108,239 units, the Society of Motor Manufacturers and Traders said in a statement Thursday. Export production, which represents 8 out of every 10 cars built in Britain, fell 15%. [Read more...]
Bloomberg: Prepare for the Pound to Become Even More Volatile
Traders are bracing for further turbulence in the pound as the risk increases of a chaotic U.K. exit from the European Union. A measure of expected swings over the next three months, covering the Oct. 31 Brexit deadline, has surged to near the highest this year as Queen Elizabeth II approved Prime Minister Boris Johnson’s request to suspend Parliament for almost five weeks. [Read more...]
Bloomberg: Huawei's Next Flagship Phone Poised to Sink Without Google Apps
The trade war between the U.S. and China is about to take its biggest bite out of Huawei Technologies Co. yet, after Google confirmed the upcoming Huawei flagship phone won’t have licensed Google apps. [Read more...] Reuters: Retailers howl as U.S. trade agency locks in 15% tariffs on September 1
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes. [Read more...]
Reuters: Oil prices pegged back by mounting concern over U.S. economy
Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U.S. economy. [Read more...]
CNBC: China sends fresh troops into Hong Kong as military pledges to protect ‘national sovereignty’
China sent a fresh batch of troops into Hong Kong on Thursday, and its military issued a statement saying its Hong Kong Garrison will “resolutely follow” the central government’s instructions. [Read 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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