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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: Bitcoin Climbs to One-Year High on Facebook Crypto Pact Report
Bitcoin climbed past $9,000, to its highest since May 2018, as reports that Facebook Inc. is due to unveil a digital currency added to optimism that cryptocurrencies are becoming more widely adopted by mainstream finance. [more..]
Bloomberg: JPMorgan Says Importance of Bitcoin Futures Has Been Understated
Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase & Co.
Recent reports from cryptocurrency asset manager Bitwise and the Blockchain Transparency Institute indicate that only a small percentage of reported trading may be authentic. [more..]
Bloomberg: Asian Stocks Mixed as Focus Turns to Central Banks: Markets Wrap
Asian stocks were mixed at the start of a big week for central-bank policy. Treasuries edged lower. Japanese and Australian shares saw modest losses, while equities in Hong Kong climbed after the government suspended a controversial extradition bill. S&P 500 Index futures rose after U.S. shares dipped Friday and Chinese shares were flat. [more..]
Bloomberg: Trump Warns of Epic Stock Market Crash If He's Not Re-Elected
President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock market crash if he’s not re-elected. [more..]
Bloomberg: Tips for Spotting a U.S. Recession Before It Becomes Official
Recessions are inherently hard to spot. The National Bureau of Economic Research’s Business Cycle Dating Committee, a panel whose determinations of when expansions begin and end are accepted as official, generally waits about a year to make a call. [more..]
Bloomberg: India Increases Tariffs on U.S. Goods as Trade War Heats Up
India has imposed higher customs duties on a raft of U.S. goods effective Sunday in response to similar measures taken by Washington, according to a government notice. [more..]
Bloomberg: Ex-Chemistry Teacher Becomes Richest Self-Made Woman in Asia
Two days ago, Zhong Huijuan wasn’t even the richest person in her family. Now, she’s become the wealthiest self-made woman in Asia with a $10.5 billion fortune, according to the Bloomberg Billionaires Index. [more..]
Bloomberg: UBS Loses China Bond Deal After Economist's Pig Remark
One of China’s biggest state-owned infrastructure companies excluded UBS Group AG from a bond deal after the bank’s global chief economist sparked a furor with his use of the phrase “Chinese pig.” [more..]
Bloomberg: London Asking Prices Drop Further as BOE Prepares to Meet
House prices in London continued to drop this month, though the downturn is showing some signs of leveling off, according to Rightmove. Asking prices in the capital fell 0.4% in June, the property-website operator said in a report Monday. That left the annual drop at 2%, the slowest pace of declines since January. [more..]
Reuters: Fed likely to resist pressure to cut U.S. rates this week
The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year. [more..]
Reuters: UK firms to cut investment by most in 10 years as Brexit drags on - BCC
British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future economic growth prospects, a survey showed on Monday. [more..]
CNBC: Uncertainty looms as Hong Kong protests drag into new week
Hundreds of protesters remained in the streets of Hong Kong on Monday morning as the new work week began.
Cars were able to pass and most roads largely returned to normal, a day after a massive outpouring of anger over a controversial extradition bill that would allow fugitives to be sent to China. [more..]
CNBC: African swine fever could drive up inflation in emerging markets as pork prices soar
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to research firm Capital Economics. [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.