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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: Asian Stocks Mixed on Tariffs; Aussie Gains on RBA: Markets Wrap
Asian stocks traded mixed Tuesday as investors assessed the re-escalating trade war. The Australian dollar climbed after the central bank did not cut rates as some analysts had expected. [more...]
Bloomberg: With Two Tweets, Trump Shatters Historic Calm in Global Markets
In the end, all it took was two tweets from Donald Trump. After weeks of warnings from many on Wall Street that price swings across global markets were too subdued, the American president’s threat to boost tariffs on China sent volatility soaring Monday. [more...]
Bloomberg: Apple to Reveal New Home-Grown Apps, Software Features at WWDC
Apple Inc. is planning to unleash a slew of new apps, features and development tools at its annual software conference next month. To improve its devices and strengthen its connection to customers, the consumer technology giant will continue to walk a fine line between wooing outside app makers while also competing against them. [more...]
Bloomberg: Stocks Fall After U.S. Says It Will Raise Tariffs: Markets Wrap
U.S. stocks futures slumped following the close of regular trading after President Donald Trump’s top trade negotiator said the U.S. plans to raise tariffs on Chinese goods, accusing Beijing of backpedaling on commitments it made during negotiations. [more...]
Bloomberg: Hong Kong's Favorite ETF Is Short the Whole Stock Market
Investors have been piling into a fund that makes money whenever Hong Kong stocks fall, as they rush to hedge against potential losses amid global uncertainties. The CSOP Hang Seng Index Daily Inverse Product has attracted $292 million in 2019, the biggest inflow for any fund trading on the city’s exchange. [more...]
Bloomberg: Chinese Stocks See Muted Gains After Monday's $487 Billion Rout
There was no rush to buy the dip in Chinese stocks after their biggest rout in more than three years. The Shanghai Composite Index added 0.9 percent as of 10:31 a.m. local time after losing 5.6 percent Monday. The declines, which wiped out $487 billion from the value of Chinese shares, followed two tweets from U.S. President Donald Trump. [more...]
Bloomberg: A $400 Billion Japanese Wave of Cash May Be Heading Overseas
Japanese investors faced the first trading day of a new era Tuesday with fresh eyes but an old problem -- where to put their money abroad.
They are expected to receive 44 trillion yen ($398 billion) in Japanese government bond redemptions in the current fiscal year which started last month. [more...]
Bloomberg: ‘America First’ Is Back as U.S. Stocks Near Record Versus Globe
If a trade war is about to kick into a higher gear, equity investors are ready to seek shelter in the best house in a bad neighborhood: the U.S. As the S&P 500 Index slumped less than 0.5 percent Monday, global equities fared much worse, with one measure posting the biggest loss in six weeks. [more...]
Bloomberg: Worst Yuan Drop Since 2016 Catches Options Traders Off Guard
Traders rushed to protect against further losses in the yuan after the currency suddenly sank the most in more than three years.
A gauge measuring demand to buy bearish contracts on the offshore yuan surged the most since early 2018 on Monday. [more...]
Reuters: U.S.: China reneged on trade commitments, sparking Trump tariff hike
China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top U.S. trade officials said on Monday. [more...]
Reuters: Fed up Canada tells U.S. to help with China crisis or forget about favors
Canada is leaning on the United States to help settle a dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive. [more...]
CNBC: Here’s why the stock market made a big comeback and didn’t crash after Trump’s trade threat
President Donald Trump’s threats to slap more tariffs on China are being viewed as a bargaining tactic, and analysts say the most likely outcome is still a deal over an all-out trade war. [more...]
CNBC: China would still have room to ‘maneuver around’ increased US tariffs, expert says
U.S.-China trade talks hit a snag when President Donald Trump on Sunday threatened to raise tariffs on Chinese goods — just as an agreement had been said to be “possible” by this Friday. [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.