DAX Climbs as Investors Optimistic about US-China Talks
The DAX index continues to gain ground this week. In the Thursday session, the DAX is at 11,192, up 0.23% on the day. On the release front, German Preliminary GDP improved to 0.0%, shy of the estimate of 0.1%. Eurozone...
EUR/USD Brakes Small Pattern
The European Single Currency passed through the strong support level of the small pattern line at 1.1309. On Thursday morning, the rate was resisted by the 55-hour and the 100-hour SMAs to push the rate to the 1.1265 mark. Note,...
One of the world’s largest crypto exchanges says it’s still profitable ‘even in this bear market’
Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said. Last year saw the prices of major virtual currencies plunge dramatically. Bitcoin, the most valuable crypto, is down...
Japan & Germany Avoided Recession, Trade Talk Optimism, Yen Pressured
Australian and New Zealand Dollar are the strongest ones for today so far as the forex markets seem to be cheering positive developments in US-China trade negotiations. The idea of 60-day extension to trade truce is certainly welcomed given the...
Gold Buyers Should Appear Soon
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double three Elliott Wave...
Dollar Rises On Inflation And Trade Optimism
The US dollar is higher against most major pairs on Wednesday. The New Zealand dollar is the outlier as it appreciated 0.91 percent after the Reserve Bank of New Zealand (RBNZ) kept rates unchanged as expected at 1.75 percent on...
Tesla is not ‘quite out of the woods yet,’ says Morgan Stanley’s Adam Jonas
Tesla has made progress reducing its cash burn but the electric-car maker is not “quite out of the woods yet,” Morgan Stanley’s Adam Jonas told CNBC on Wednesday. The auto analyst expects Tesla to burn about $600 million, possibly as...
Trump will get the weak dollar he likes from a China trade deal but not if he goes after Europe
A trade deal with China could stop the dollar’s rise, but it may not stay down if President Donald Trump then turns his focus to tariffs on European cars. U.S. trade negotiators are in China this week, and stocks and...