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: ‘Gold is the way to go’ as interest rates fall, says Mark Mobius
Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates. “Physical gold is the way to go, in my view, because of the incredible increase in money supply,” said Mobius, the founding partner of Mobius Capital Partners. [Read more...] Bloomberg: U.S., Europe Futures Edge Higher on China Stimulus: Markets Wrap
U.S. and European equity futures chalked modest gain as traders weighed further stimulus from China amid weakening economic data. Treasuries and the dollar were little changed. Asian stocks were mostly higher Monday, with Japanese shares leading gains. [Read more...]
Bloomberg: Apple, Foxconn Broke a Chinese Labor Law to Build Latest iPhones
Apple Inc. and manufacturing partner Foxconn violated a Chinese labor rule by using too many temporary staff in the world’s largest iPhone factory, the companies confirmed following a report that also alleged harsh working conditions. [Read more...]
Bloomberg: China’s August Exports Unexpectedly Shrink as U.S. Tariffs Bite
China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations. Exports decreased 1% in dollar terms from a year earlier, while imports declined 5.6%, leaving a trade surplus of $34.84 billion, the customs administration said Sunday. [Read more...]
Bloomberg: Apple’s New iPhones Launch on Tuesday. Here’s What to Expect
Apple Inc. Chief Executive Officer Tim Cook will take the stage in Cupertino, California on Tuesday to unveil the latest iPhones. This is the company’s most important day of the year. The smartphone makes up almost half of Apple’s sales and new models juice other sources of revenue. [Read more...]
Bloomberg: Iran’s Dark Fleet of Tankers Poses Oil Market’s Biggest Mystery
While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking ships, and divergent views on the amounts of crude secretly slipping into world markets. [Read more...]
Bloomberg: Hong Kong Tourism Plunges 40%, Most Since SARS Crisis
The ongoing protests in Hong Kong, now in their 15th week, have delivered a blow to the city’s tourism industry not seen since the 2003 SARS epidemic. Tourist arrivals in the city declined almost 40% in August from a year earlier, Financial Secretary Paul Chan wrote in a blog post Sunday. [Read more...]
Bloomberg: China Has Added Nearly 100 Tons of Gold to Its Reserves
China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington. [Read more...]
Bloomberg: Goldman Closes Short-Euro Trade Versus Yen Ahead of ECB Meeting
The euro might not have much downside around the European Central Bank meeting this week, even if significant easing measures are announced, according to Goldman Sachs Group Inc. [Read more...]
Reuters: Asia stocks gain as soft data lift stimulus hopes
Asian stocks edged higher on Monday amid a cautious mood as investors pinned their hopes on expected global stimulus to support slowing growth in the world’s major economies. [Read more...]
Reuters: UK PM prepares plan to legally stop Brexit extension: The Telegraph
British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph reported late on Sunday. Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported. [Read more...] CNBC: Brexit secretary on whether UK PM could defy no-deal law: Our focus is on securing a deal |
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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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