Weekly Wrap – Stats and the U.S – China Trade War Put the Dollar on Top


The StatsThe Stats The economic calendar was on the busier side in the week ending 17 th May The economic calendar was on the busier side in the week ending 17thth May A negatively skewed set of stats saw the Dollar on the rise for the first time in 3 weeks A negatively skewed set of (More)

Risk Sentiment Takes Advantage of Lull in US-China Trade Newsflow

Open your FXTM account today Open your FXTM account today Open your FXTM account today Traders are taking advantage of a lull in news flow stemming from US China trade tensions to send Asian stocks higher after the S amp P 500 posted a third consecutive day of gains following strong (More)

A Quiet Economic Calendar Leaves Trade Chatter in Focus

Earlier in the Day Earlier in the Day Economic data released through the Asian session was on the lighter side this morning Key stats were limited to New Zealand wholesale inflation and Business PMI figures Economic data released through the Asian session was on the lighter side this morning (More)

Health Care Sector Update for 05/17/2019: ACHN, OTLK, MOR, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ 0 43 JNJ 0 43 PFE 0 74 PFE 0 74 ABT 0 13 ABT 0 13 MRK 0 76 MRK 0 76 AMGN FlatAMGN Flat Most health care giants were lower in Friday s pre bell trade Most health care giants were lower in Friday s pre bell trade Stocks (More)

3 Big Stock Charts for Friday: PPL, Electronic Arts and Tyson Foods

InvestorPlace Stock Market News Stock Advice amp Trading Tips Stocks started yesterday s action out on a firmly bullish foot but didn t end the session quite as enthused Up as much as 1 44 near the middle of the day the S amp P 500 was dialed back to a gain of only 0 89 It s (More)

China Retorts to Trump's Huawei Attack, Deere (DE) Reports Mixed Q2

Friday May 17 2019 Following a Thursday trading session where all systems were go strong economic data better than expected earnings results from Walmart WMT and elsewhere and a perceived cooling of tensions in the U S China trade war Friday s pre market paints a (More)

Stock Market News For May 17, 2019

Markets closed higher for the third session on the trot on Thursday A streak of healthy corporate earnings and a deluge of better than expected economic reports boosted investor sentiment This more than made up for the likely impact of Trump imposing fresh telecommunication sanctions on China (More)

Friday’s Vital Data: Cisco, Amazon and Boeing

InvestorPlace Stock Market News Stock Advice amp Trading Tips U S stock futures are trading sharply lower this morning snapping the market s three day winning streak Heading into the open futures on the Dow Jones Industrial Average are down 0 78 and S amp P (More)

Equities Fall On Trade Woe, Brexit Talks Fail, U.S.-China Divide Widens

The U S Equities Are Down In Early TradingThe U S Equities Are Down In Early Trading The U S equities were down and edging lower in early premarket trading The tech heavy NASDAQ led with a loss of 0 90 while the Dow Industrials and S amp P 500 were both down about 0 75 The move (More)

Health Care Sector Update for 05/17/2019: HROW,AGN,OTLK,MOR

Top Health Care StocksTop Health Care Stocks JNJ 0 17 JNJ 0 17 PFE 0 07 PFE 0 07 ABT 0 22 ABT 0 22 MRK 0 41 MRK 0 41 AMGN 0 22 AMGN 0 22 Health care stocks were posting small gains this afternoon with the NYSE Health Care Index climbing about 0 2 in recent trade while shares (More)

Health Care Sector Update for 05/17/2019: VRML,HROW,AGN,OTLK,MOR

Top Health Care StocksTop Health Care Stocks JNJ 0 32 JNJ 0 32 PFE 0 34 PFE 0 34 ABT 0 70 ABT 0 70 MRK 0 42 MRK 0 42 AMGN 0 18 AMGN 0 18 Health care stocks were edging lower just before Friday s closing bell with the NYSE Health Care Index slipping almost 0 1 in late trade (More)

Market Close Report: NASDAQ Composite index closes at 7,816.28 down -81.77 points

Friday s session closes with the NASDAQ Composite Index at 7 816 28 The total shares traded for the NASDAQ was over 2 14 billion Declining stocks led advancers by 2 47 to 1 ratio There were 909 advancers and 2242 decliners for the day On the NASDAQ Stock Exchange 26 stocks reached a 52 (More)

U.S. Dollar Index Futures (DX) Technical Analysis – Rally Fueled by Surprise Jump in Consumer Sentiment

The U S Dollar is trading higher against a basket of currencies on Friday helped earlier by safe haven buying related to tensions over U S China trade relations An unexpected jump in U S sentiment data led to a surge later in the session The dollar is posting solid gains against the (More)

5 Top Stock Trades for Monday: TSLA, BIDU, IQ, DE, MU

InvestorPlace Stock Market News Stock Advice amp Trading Tips Stocks did a good job bouncing off their morning lows but how long can bulls keep that action up The market would do a whole lot better if investors didn t have to worry about a tweet from the president sending (More)

Forex Daily Recap – Loonie Bears Took Charge Amid Trade Settlement Uncertainties

GBP USDGBP USD The Cable opened up around 1 2789 levels and took a massive plunge reaching near 1 2740 levels Today the GBP USD pair stood at the three months lowest point near 1 12733 levels The Cable opened up around 1 2789 levels and took a massive plunge reaching near 1 2740 levels (More)

Health Care Sector Update for 05/16/2019: AGIO, MGNX, NTEC, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ 0 21 JNJ 0 21 PFE 0 34 PFE 0 34 ABT FlatABT Flat MRK FlatMRK Flat AMGN 0 36 AMGN 0 36 Leading health care stocks were mixed pre market Thursday Leading health care stocks were mixed pre market Thursday Early movers include (More)

Domestic Delivery Segment Remains Key To UPS's Profits In A Difficult Global Environment

United Parcel Service UPS is a logistics company that derives its revenue from global delivery services With a network that spans globally it covers 99 of the locations worldwide Per Trefis estimates UPS shares have a fair value of 126 which is roughly 20 higher than the (More)

Dollar Hit by Disappointing Retail Sales

This report is likely to rekindle concerns over the health of the US economy consequently challenging the Dollar s status as a safe haven asset While ongoing US China trade developments and concerns over slowing global growth may send investors towards the Dollar the question is for how (More)

Stock Market News For May 16, 2019

Markets closed in the green on Wednesday after the Trump administration was said to be considering delaying the imposition of auto tariffs for the next six months This development came a day after U S China trade rhetoric cooled off to an extent Moreover these reports also more than (More)

HSBC’s Focus On Asia Retail Banking Operations Continues To Drive Growth

HSBC HSBC recently released its Q1 2019 results The largest European bank handily beat consensus revenue and earnings expectations HSBC s first quarter net profit jumped 31 year over year to 4 8 billion while revenues increased 5 to 14 4 billion driven by solid performance across (More)

3 Big Stock Charts for Thursday: Mohawk Industries, Raytheon and People’s United Financial

InvestorPlace Stock Market News Stock Advice amp Trading Tips A nice rebound on Wednesday with the S amp P 500 mustering a 0 59 gain to end the session at 2 850 96 But the effort stopped at a familiar technical ceiling and the volume behind the move was never impressive The (More)

Good News Across the Board: Claims, Starts, Permits, Philly & WMT

Thursday May 16 2019 More economic data this morning brings more grist for the mill in the markets plus we see Q1 earnings results from big box retail giant Walmart WMT And for the first time in a while everything seems to be coming up roses Initial Jobless Claims fell by 16 (More)

Health Care Sector Update for 05/16/2019: MRTX,AGIO,EDAP

Top Health Care StocksTop Health Care Stocks JNJ 1 21 JNJ 1 21 PFE 1 23 PFE 1 23 ABT 0 76 ABT 0 76 MRK 2 39 MRK 2 39 AMGN 1 87 AMGN 1 87 Health care stocks were rising Thursday including a more than 1 2 gain for the NYSE Health Care Index in recent trade Shares of health (More)

Earnings Lift U.S. Equities, Trade Tensions Cap Gains, Strong Data Supports Market

Strong Earnings Lift Stocks While Trade Tensions Cap GainsStrong Earnings Lift Stocks While Trade Tensions Cap Gains A round of strong earnings reports from index heavyweights has the U S futures moving higher in early trading The Dow Jones Industrial Average led the gain with an advance (More)

Thursday’s Vital Data: Walmart, Beyond Meat and Aurora Cannabis

InvestorPlace Stock Market News Stock Advice amp Trading Tips U S stock futures are trading slightly higher this morning in an attempt to rally for the third day in a row The calm open comes as a refreshing break from the recent streak of large overnight down gaps (More)

U.S. Dollar Index Futures (DX) Technical Analysis – May 16, 2019 Forecast

The U S Dollar Index is trading higher on Thursday helped by weakness in the Euro British Pound and Japanese Yen three of the majors that make up the basket of currencies Stronger than expected U S economic data is also helping to underpin the greenback Increased demand for risk on the (More)

Health Care Sector Update for 05/16/2019: BLUE,MRTX,AGIO,EDAP,AMGN

Top Health Care StocksTop Health Care Stocks JNJ 0 73 JNJ 0 73 PFE 1 00 PFE 1 00 ABT 0 10 ABT 0 10 MRK 1 78 MRK 1 78 AMGN 0 64 AMGN 0 64 Health care stocks eased somewhat this afternoon including a nearly 0 9 gain for the NYSE Health Care Index in late trade Shares of health (More)

Market Close Report: NASDAQ Composite index closes at 7,898.05 up 75.90 points

Thursday s session closes with the NASDAQ Composite Index at 7 898 05 The total shares traded for the NASDAQ was over 2 14 billion Thursday s session closes with the NASDAQ Composite Index at 7 898 05 The total shares traded for the NASDAQ was over 2 14 billion Advancers stocks led declining (More)

5 Top Stock Trades for Friday: AOS, QRVO, PINS, TTD

InvestorPlace Stock Market News Stock Advice amp Trading Tips Stocks put together another strong rebound on Thursday as the S amp P 500 hurdled a few key short term levels Can the rally continue Let s look at a few top stock trades going into Friday Top Stock Trades (More)

Forex Daily Recap – The USD Index Recovered Amid Sound US Economic Data

US Dollar IndexUS Dollar Index The Greenback marked the day s high near its weekly top levels The Green money was hovering near 97 82 levels at around 15 00 GMT With the backing of some positive US events the USD Index managed to recover from all its weekly incurred losses The April (More)

Market Close Report: NASDAQ Composite index closes at 7,734.49 up 87.47 points

Tuesday s session closes with the NASDAQ Composite Index at 7 734 49 The total shares traded for the NASDAQ was over 2 03 billion Tuesday s session closes with the NASDAQ Composite Index at 7 734 49 The total shares traded for the NASDAQ was over 2 03 billion Advancers stocks led declining (More)

Symantec's Faces Several Hurdles On Path To Recovery, But The Recent Selloff In Its Stock Looks Overdone

Symantec 160 SYMC reported its fiscal Q4 and full year 2019 earnings last week and the company missed street expectations on revenue while reporting an in line EPS Symantec s sub par Q4 performance was accompanied by a weak guidance and news of the abrupt departure of its CEO sending (More)

As China Data Disappoints, the Focus Shifts to the EUR and GDP Numbers

Earlier in the Day Earlier in the Day The economic calendar was on heavier side this morning Key stats included Australia wage growth and consumer confidence figures and China industrial production fixed asset investment and retail sales figures The economic calendar was on heavier (More)

Asian Shares Follow Wall Street’s Lead, Rising on Hope of Timely Trade Deal

The major Asia Pacific stock indexes are trading mostly higher on Wednesday with the lone loser in Japan Stocks are taking their lead from the strong performance in the United States on Tuesday However the trade remains cautious amid escalating trade tensions between the United States (More)

Health Care Sector Update for 05/15/2019: IMGN, A, ACBI, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ FlatJNJ Flat PFE 0 34 PFE 0 34 ABT FlatABT Flat MRK FlatMRK Flat AMGN FlatAMGN Flat Leading health care stocks were flat to higher pre market Wednesday Leading health care stocks were flat to higher pre market Wednesday Stocks (More)

Risk Appetite Creeping Back Into Markets Amid Persistent US-China Trade Uncertainties

Open your FXTM account today Open your FXTM account today Open your FXTM account today Most Asian stocks are trading in positive territory perhaps taking cues from its US counterparts which rebounded from its sharpest drop in four months Most Asian currencies are also seeing (More)

Global Growth: What Goes Around Comes Around

I can only speak to my own experience, but having worked in dealing rooms in London, Tokyo, Moscow and Warsaw, there are certain things that seem to me to be common to that environment wherever you are in the world. One of those things is an abundance of phrases and sayings that are repeated often enough to become (More)

3 Big Stock Charts for Wednesday: Kimco Realty, Take-Two Interactive and CenterPoint Energy

InvestorPlace Stock Market News Stock Advice amp Trading Tips Given Monday s steep selloff Tuesday s bounce wasn t a big surprise It also was anything but convincing The S amp P 500 s gain of 0 8 and close of 2 834 41 was well off the day s high of 2 852 42 leaving the matter of (More)

Retail Sales, Empire State Data Mixed; Macy's (M) Beats

Wednesday May 15 2019 A plethora of new economic data makes news headlines ahead of Wednesday s opening bell while investors continue to digest the ramifications of the ongoing trade war with China Retail Sales and Industrial Production for April along with a new Empire State index (More)

Stock Market News For May 15, 2019

Markets closed in positive territory on Tuesday after the trade war rhetoric between the United States and China cooled slightly Encouraging comments from Trump also supported gains for the broader markets The three major benchmarks ended in the green The Dow Jones Industrial Average (More)

Wednesday’s Vital Data: Macy’s, Microsoft and General Electric

InvestorPlace Stock Market News Stock Advice amp Trading Tips U S stock futures are retreating this morning to continue their recent pattern of choppy trading Ahead of the bell futures on the Dow Jones Industrial Average are down 0 70 and S amp P 500 futures (More)

Health Care Sector Update for 05/15/2019: ECOR, ACB, IMGN

Top Health Care StocksTop Health Care Stocks JNJ 0 21 JNJ 0 21 PFE 1 24 PFE 1 24 ABT 0 63 ABT 0 63 MRK 0 37 MRK 0 37 AMGN 0 94 AMGN 0 94 Health care stocks were rising including a nearly 0 4 gain for the NYSE Health Care Index in recent trade Shares of health care companies in (More)

U.S. Dollar Index (DX) Futures Technical Analysis – May 15, 2019

June U S Dollar Index futures are trading higher on Wednesday with the rally being driven by a weaker Euro which makes up about 57 percent of the index Traders are ignoring the plunge in U S Treasury yields which tends to weaken demand for the greenback This along with lower demand (More)

Rebound Runs Out, Weak Data Weighs On Sentiment, Trade Fears Simmer

The U S Equities Are Lower After Tuesday s ReboundThe U S Equities Are Lower After Tuesday s Rebound The U S equities futures are pointing to a lower opening following Tuesday s rebound Tuesday s action recovered about half the Monday losses but those gains were halved by the close of (More)

Health Care Sector Update for 05/15/2019: ABBV,ACB,ACB.TO,ECOR,IMGN

Top Health Care StocksTop Health Care Stocks JNJ 0 12 JNJ 0 12 PFE 1 36 PFE 1 36 ABT 0 85 ABT 0 85 MRK 0 39 MRK 0 39 AMGN 1 38 AMGN 1 38 Health care stocks still were rising with the NYSE Health Care Index adding almost 0 6 in value late Wednesday while shares of health (More)

U.S.-China Trade War Re-Ignites, Pre-Markets Lower

Monday May 13 2019 A week ago Sunday President Trump helped send markets reeling with a tweet on his Twitter TWTR feed that threatened to raise tariffs on 200 billion in Chinese goods from 10 to 25 by midnight Friday if a trade agreement had not been reached When these (More)

Stock Market News For May 13, 2019

Markets pared losses to close in the green on Friday after Steven Mnuchin stated that trade talks between the United States and China were constructive Earlier broader markets had declined in the wake of Trump increasing import tariffs on exports from China The three major benchmarks ended (More)

Turnaround Tuesday? Pre-Markets Are Green

Tuesday May 14 2019 Pre market futures are in the green for the first time in several days after a precipitous drop early this week and last signaling negative impact from the trade war with China once again heating up After big losses in the major indexes since late April (More)

Stock Market News For May 14, 2019

U S stocks suffered their worst single day drop since Jan 3 on Monday after China s finance ministry announced retaliatory tariffs on U S products The three major benchmarks ended in negative territory Meanwhile in an interview with Fox News Larry Kudlow acknowledged that any escalation (More)

Health Care Sector Update for 05/13/2019: TEVA,TTNP,INSY

Top Health Care StocksTop Health Care Stocks JNJ 1 51 JNJ 1 51 PFE 0 44 PFE 0 44 ABT 1 34 ABT 1 34 MRK 1 25 MRK 1 25 AMGN 2 27 AMGN 2 27 Health care stocks were lower Monday with the NYSE Health Care Index declining almost 2 in recent trade while shares of health care companies (More)

Market Close Report: NASDAQ Composite index closes at 7,647.02 down -269.92 points

Monday s session closes with the NASDAQ Composite Index at 7 647 02 The total shares traded for the NASDAQ was over 2 4 billion Declining stocks led advancers by 5 03 to 1 ratio There were 529 advancers and 2661 decliners for the day On the NASDAQ Stock Exchange 24 stocks reached a 52 week (More)

5 Top Stock Trades for Tuesday: Amazon, Teva, S&P 500

InvestorPlace Stock Market News Stock Advice amp Trading Tips The market s sidestepped a big market selloff last Monday This Monday it wasn t so fortunate At its lows the Russell 2000 and Nasdaq were both down more than 3 although some positive trade talk did (More)

Forex Daily Recap – USD Plunging with US-Sino Trade Dispute Escalation

USD JPYUSD JPY The safe haven pair initiated trading on Monday morning near 109 60 levels and maintained a good upward movement The early upliftment led the USD JPY pair to reach near 109 80 levels in the Asian session The pair remained in a consolidation state until around 05 00 GMT when (More)

After Strong Gas Utility Sales In Q1 2019, How Will Duke Energy Perform In FY 2019?

Duke Energy DUK released its Q1 2019 results on May 9 2019 The company reported revenue of 6 16 billion in Q1 2019 marking a y o y growth of 0 5 over Q1 2018 Revenue growth was driven by an increasing customer base due to higher construction activity and improving housing starts (More)

Trade Chatter Remains the Key Driver, with Stats on the Lighter Side

Earlier in the Day Earlier in the Day The economic calendar was on the quieter side through the Asian session this morning March current account figures out of Japan and April business confidence figures out of Australia provided direction early on The economic calendar was on the (More)

Too Weak to Muster Much of a Turnaround Tuesday, Markets See Small Reprieve

Overview:  President Trump’s willingness to meet China’s Xi at the G20 meeting at the end of next month and his “feeling” that an agreement will still be found seemed sufficient to break the momentum that had swept through the capital market.  Equities in the Asia Pacific were mostly lower, with Japanese benchmarks (More)

Trade War Escalation Looms Large Over Oil Markets

The U.S.-China trade war has now officially entered a new phase, and neither side is showing any sign of backing down. The Trump administration followed through on  hiking tariffs  on $200 billion worth of Chinese goods from 10 to 25 percent last week. As U.S. markets were about to open on Monday morning (and after (More)

Asian Shares Down, but U.S. Markets Cautiously Rebound in Early Trade

The major Asian stock indexes finished lower on Tuesday as investors reacted to Monday s weak trade on Wall Street Yesterday Beijing raised tariffs on some American goods in retaliation for the Trump administration s decision last week to increase duties on Chinese products Although the (More)

Health Care Sector Update for 05/14/2019: CTST, KMDA, MNK, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ 0 13 JNJ 0 13 PFE 0 22 PFE 0 22 ABT FlatABT Flat MRK 0 56 MRK 0 56 AMGN 0 54 AMGN 0 54 Top health care stocks were mostly higher in pre bell trading Tuesday Top health care stocks were mostly higher in pre bell (More)

Apple (AAPL) Stock: Reaction To News Was Overdone

iStock photo Yesterday, Apple ( AAPL ) dropped dramatically, closing the day down just over 5.8% at 185.71, having been nearly three bucks lower than that at one point during the day. It was among the day’s biggest losers and easily outpaced the losses of the major indices. When you consider the two pieces of (More)