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Latest News Headlines
Bloomberg: Stocks Fall After New Trade Duties; Dollar Drops: Markets Wrap
European shares slipped on Wednesday, following a mixed session in Asia, as earnings misses and concern over global trade put a damper on markets. The dollar fell and China’s yuan gained after it central bank was said to seek currency stabilization. [more...]
Bloomberg: Musk Mulls Taking Tesla Private, Valuing Company at $82 Billion
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that, if successful, would ease pressure on the money-losing automaker. The announcement, made initially via Twitter, stunned investors and sent Tesla’s stock price soaring as much as 13 percent. [more...]
Bloomberg: Turkey’s Cratering Markets Stoke Speculation Over Extreme Measures
Desperate measures are in the air in Turkey: Trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core of economic policy making. [more...]
Bloomberg: Power Worth Less Than Zero Spreads as Green Energy Floods the Grid
Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants. With wind and solar farms sprouting up in more areas -- and their power getting priority to feed into the grid in many places -- the amount of electricity being generated is outstripping demand during certain hours of the day. [more...]
Bloomberg: Bitcoin Tumbles Below $6,500 on Delayed SEC Decision
Cryptocurrencies slumped Wednesday, with Bitcoin tumbling below $6,500 for the first time since July, after the U.S. Securities and Exchange Commission postponed a decision on whether to allow the listing of an exchange-traded fund backed by the largest digital currency. [more...]
Bloomberg: ABN Cuts 250 Investment Bank Jobs in Bid to Boost Returns
State-controlled ABN Amro Group NV is to cut 250 jobs in its underperforming corporate and institutional banking unit, in an effort to boost overall returns. The lender will pare back its activities in trade and commodity finance and other business in which earnings are volatile, ABN said on Wednesday. [more...]
Bloomberg: U.S. Readies to Slap Duties on $16 Billion of Chinese Goods
The U.S. said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies. [more...]
Bloomberg: Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns
Almost every prescription for Turkey to rescue its financial markets from meltdown, and its economy from the recession that looks increasingly likely to follow, involves the country’s president backing down. [more...]
Bloomberg: U.S. Midterms Pose Big Risk for Markets, Standard Chartered Says
Investors had better start paying more attention to November’s U.S. midterm elections, according to Standard Chartered Plc. As the campaign for control of Congress enters a crucial phase, Republicans defending seats in some of the most competitive races in the House of Representatives have more cash on hand than their Democratic challengers, a Bloomberg tabulation of Federal Election Commission reports shows. [more...]
Reuters: Asian shares up for fourth day on solid US earnings, China stimulus hopes
Asian shares extended their recovery into a fourth day on Wednesday, buoyed by strong U.S. earnings and expectations that Beijing will ramp up fiscal stimulus to cushion the impact of its worsening trade dispute with Washington. [more...]
Reuters: China's July exports rise more than expected despite U.S. tariffs
China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs as Beijing and Washington ramped up a bitter dispute that has rattled financial markets. [more...]
CNBC: 'Dark cloud' of trade war hovers over Chinese yuan's globalization
The Chinese yuan's slide is creating challenging headwinds for Beijing's push to promote its currency globally — a key element in the broader liberalization of the world's second-largest economy. [more...]
CNBC: If you invested $1,000 in Alibaba when it went public, here's how much you'd have now
Alibaba is one of the most prominent Chinese technology names around the world and has a market value of about $463 billion. So far this year, its stock price has risen about 3.6 percent with shares hitting highs in June.  [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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