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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: Stock Futures Rise on Apple; Treasuries Steady: Markets Wrap
U.S. and U.K. equity futures advanced after Apple Inc.’s upbeat forecast, with traders expecting lower than average volumes for global stocks on Wednesday due to holiday closures in much of Asia and Europe. The New Zealand dollar sank after hiring unexpectedly declined. [more...]
Bloomberg: Millionaires Flee Their Homelands as Tensions Rise and Taxes Bite
The world’s wealthy are increasingly on the move. About 108,000 millionaires migrated across borders last year, a 14 percent increase from the prior year, and more than double the level in 2013, according to Johannesburg-based New World Wealth. Australia, U.S. and Canada are the top destinations, according to the research firm, while China and Russia are the biggest losers. [more...]
Bloomberg: Facebook Unveils Major App Redesign With Focus on Groups
Facebook Inc. unveiled a redesign that focuses on the Groups feature of its main social network, doubling down on a successful but controversial part of its namesake app — and another sign that Facebook is moving toward more private, intimate communication. [more...]
Bloomberg: Apple Trade-Ins and Discounts Spark iPhone Revival
Apple Inc. executives had a clear message for investors on Tuesday: Demand for iPhones has begun to recover from a bruising holiday period. The Cupertino, California-based company reported iPhone sales of $31 billion in the fiscal second quarter, slightly better than analysts expected. [more...]
Bloomberg: AMD Forecast Buoys Confidence in the Chipmaker
Advanced Micro Devices Inc. gave a quarterly sales forecast that was in line with analysts’ estimates, indicating renewed momentum in its bid to take market share from Intel Corp. in microprocessors. Shares jumped more than 8 percent in late trading. [more...]
Bloomberg: WeWork's European Expansion Faces Growing Competition Before IPO
WeWork Cos. gets a lot of headlines for its breakneck expansion into new markets, and that’s only likely to increase now that it plans to go public. Yet the nine-year-old company faces stiff competition in Europe from established work-space providers like IWG Plc and local startups. [more...]
Bloomberg: Bets Boosted for Bank of England Hike Signal as Gilt Gloom Poised to Deepen
U.K. government bonds had their worst month in over a year in April and May isn’t looking much better either.
Gilts slid last month as fears of a no-deal Brexit faded, tempering demand for the safety of government debt, after Britain won an extension to the deadline for its departure from the European Union. [more...]
Bloomberg: Markets Too Calm About Oil Price, Morgan Stanley Wealth Says
Markets aren’t adequately pricing in the risks from higher oil costs, according to Morgan Stanley Wealth Management.
Rallies in stocks and Treasuries that have taken the S&P 500 Index to a record high and 10-year yields down to around 2.5 percent illustrate that investors are complacent about crude prices. [more...]
Reuters: Fed likely to ignore Trump's call to cut interest rates
The U.S. Federal Reserve, leaning back against pressure from President Donald Trump to slash interest rates, is expected to leave borrowing costs unchanged on Wednesday as it maintains a ‘patient’ monetary policy stance amid strong economic growth. [more...]
Reuters: Venezuela's Guaido calls for uprising but military loyal to Maduro for now
Venezuelan opposition leader Juan Guaido on Tuesday made his strongest call yet to the military to help him oust President Nicolas Maduro but there were no concrete signs of defection from the armed forces leadership. [more...]
CNBC: China tackles worries about Belt and Road debt as it notches a Swiss endorsement
Beijing offered in the last week a nod to criticism about its Belt and Road Initiative saddling other countries with debt while also gaining a partner in one of the world’s financial centers. [more...]
CNBC: Saudi Arabia’s sovereign wealth fund aims to tap debt markets twice this year
Saudi Arabia’s sovereign wealth fund is planning to tap the debt market twice this year, after an overwhelmingly positive response from international investors. [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.