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Latest News Headlines
Bloomberg: Stock Futures Decline as China’s Economy Slows: Markets Wrap
U.S. and European futures dipped and Asian stocks retreated after a mixed bag of economic data from China. The dollar held near its weakest since before August’s trade-war turmoil. [Read more...]
Bloomberg: A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades
Before he became famous for the big short in the 2000s, Michael Burry discussed stock trades on online message boards. Burry’s posts were thoughtful, well-reasoned and showed deep research. [Read more...]
Bloomberg: Ex-Credit Suisse Banker Hid $45 Million, Names Four Others
A former Credit Suisse Group AG banker told a federal jury in New York that he alone pocketed at least $45 million in a massive kickback scheme and named other ex-employees of the bank he says made millions of their own. [Read more...]
Bloomberg: China’s Economy Slows on Weak Investment, Testing Global Growth
China continued its grind to more moderate growth in the third quarter as investment slowed, providing little upside for a global economy flirting with its first recession since 2009. [Read more...]
Bloomberg: OPEC’s Next Meeting May Unveil New Approach to Cuts
As the clamor grows for OPEC to slash even more oil production, and the cartel vows to consider any necessary action, its next meeting could result in an unusual step: a preemptive supply cut. [Read more...]
Bloomberg: Pound Halts Rally as Traders on ‘Edge of Seats’ for Brexit Vote
A historic pound rally was stopped in its tracks by doubts over whether a Brexit deal can win the approval of U.K. lawmakers.
The investor optimism that drove sterling up at the fastest pace since 1985 has mostly evaporated since U.K. Prime Minister Boris Johnson’s Northern Irish allies said they wouldn’t back an agreement reached with Brussels Thursday. [Read more...]
Reuters: China's GDP growth grinds to near 30-year low as tariffs hit production
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. [Read more...]
Reuters: Exclusive: Satellite images reveal China's aircraft carrier 'factory,' analysts say
High-resolution satellite images show that the construction of China’s first full-sized aircraft carrier is progressing steadily alongside expansive infrastructure work that analysts say suggests the ship will be the first of several large vessels produced at the site. [Read more...]
CNBC: China says its economy grew 6% in the third quarter, slower than expected
China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago — the lowest in at least 27-1/2 years, according to Reuters records. [Read more...]
CNBC: Here’s how Boris Johnson’s Brexit deal differs from Theresa May’s
The European Union and the United Kingdom announced a new deal that will allow the latter to leave the political and trading union, provided that the U.K. Parliament approves it. [Read 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. To get the latest Currency Strength Indicator please click here
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