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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.
Bloomberg: Powell Signals Openness to Fed Cut If Needed Over Trade Tensions
Federal Reserve Chairman Jerome Powell signaled an openness to cut interest rates if necessary, pledging to keep a close watch on fallout from a deepening set of disputes between the U.S. and its largest trading partners. [more...]
Bloomberg: China Curbs Property Developers' Funding to Cool Land Prices
Chinese authorities are taking fresh steps to cool the property market, curtailing onshore fundraising for developers found to have bid aggressively in land auctions. [more...]
Bloomberg: The Couple Who Feds Say Scammed Berkshire Hathaway for Millions
Jeff Carpoff had a lot to celebrate as friends and business associates gathered at his company’s Christmas party last year.
The one-time auto mechanic and his wife, Paulette, had started a solar company about a decade earlier that was doing remarkably well -- so well that it could count Warren Buffett’s Berkshire Hathaway Inc. as an investor. [more...]
Bloomberg: Stocks Jump Most Since January on Jolt From Powell: Markets Wrap
U.S. stocks climbed the most since January as Federal Reserve Chairman Jerome Powell signaled an openness to rate cuts and Mexican officials said they expect to avoid Trump administration tariffs. [more...]
Bloomberg: China Moves to Stop a Crash in Booming Electric-Car Industry
As big as its world-leading car market is, China has decided that 486 aspiring electric-vehicle companies are too many.
The country is considering rules to raise the barrier to entry for electric-vehicle makers and nurture fewer but more competitive players, according to people familiar with the matter. [more...]
Bloomberg: Stocks Rally on Fed Signals; Treasury Yields Dip: Markets Wrap
Stocks in Asia rose after Federal Reserve Chairman Jerome Powell signaled an openness to interest-rate cuts, giving a boost to risk appetite that remains fragile amid trade-war tensions. Treasury yields gave back some of Tuesday’s rise. [more...]
Bloomberg: Short-Seller Pain That Began Monday Just Became a Bloodbath
A drubbing for short sellers that went under the radar Monday snowballed as dovish indications from the Federal Reserve handed bearish traders their worst back-to-back losses in five months. [more...]
Bloomberg: Japan Is Still a Haven, But It’s Tougher to Make a Buck on the Yen
On the morning of Friday, May 31, when traders in Asia started their day with an unexpected move by President Donald Trump to impose tariffs on Mexico, there was one seemingly obvious course: Rush into the yen. [more...]
Reuters: Trump defies own party to push ahead with Mexican tariff threat
Defying increasing criticism from within his own party, U.S. President Donald Trump said on Tuesday he would likely go ahead with new tariffs on imports from Mexico to pressure it to clamp down on rising numbers of migrants entering the United States. [more...]
Reuters: Trump trade war may push Fed closer to rate cut it resisted
U.S. President Donald Trump may finally get the rate cut he has been demanding, but for the wrong reasons, as top Federal Reserve officials began warning this week that the global trade war may force them to respond. [more...]
CNBC: Trump says there is 'always a chance' of military action against Iran but would rather hold talks
President Donald Trump said there is “always a chance” the U.S. could take military action against Iran, but he would much rather hold talks with President Hassan Rouhani. [more...]
CNBC: Tesla just finished its best day of the year
Tesla is having its best day of the year Tuesday, closing up more than 8%. The bounce added more than $2 billion to its market cap, which now sits at $34.2 billion. [more...]
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.