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  • 01.08.2019 | Bitcoin Cash, Monero and Litecoin Price Prediction and Analysis for August 1st: BCH, XMR, and LTC




    Bitcoin Cash Price Analysis (BCH/USD) On an hourly chart, BCH/USD pair has impressively performed.  It seemed like the recent Bull Run of BTC has positively affected the price of many cryptocurrencies, BCH included.   BCH has been on a Bull Run that was supported by the 7day MA that gravitated throughout the intraday above the 21day MA, which signalled a bullish pressure. It is up by 9.19%, having moved from $307.70 to the current price of $332.26. The support level has been recovered and upended from $317.76 level to $328.76 level that confirmed the uptrend.  The uptrend later defined a major resistance level at $335.73. The Relative Strength Index indicator was also seen above level 50 that indicated an increase in buyouts.  At 16:00 and at 0000hr the RSI indicator was seen above level 70 that showed that the market was on an overbought market territory.  The RSI indicator reflected an increase in investor’s sentiments; thus, the bull dominates the market momentum. Bitcoin Cash Price Prediction At press time, all the indicators foresee further Bull Run.  The 7 day MA is actively trading above the 21 day MA. The RSI indicator is tending Northway that signals a further uptrend.  Investors should go long as soon as the price breaks the resistance level $335.73 and take profit at $350.00. Monero Price Analysis (XMR/USD) Like BCH, XMR/USD pair has also undergone a bullish outlook over the last 24hrs.  Despite the bullish rally, the price momentum is on a sideways trend that was confirmed by the horizontal channels.  The channels also acted as the price support level $78.30 and resistance level $80.45.  However, XMR has upsurged by 1.8%, having opened the session at $78.58, where it surged up to the current price at $80.03.  The intertwined moving averages signaled a lack of momentum in the market. At around 14:00, the RSI indicator almost crossed the overbought territory that indicated an increase in bullish pressure. The price rally later on fluctuated down massively before gaining momentum where it corrected up to the current price of $80.03.  Additionally, the RSI is at the moment trading flat, which signals a lack of dominance from either the buyers or the sellers. Monero Price Prediction Currently, the 21day MA is above the 7 day MA that indicates incoming bearish market rally.  However, if the price breaches the resistance level $80.45, then traders should consider going long and take profit at $81.50. Litecoin Price Analysis (LTC/USD) LTC/USD has also recorded a bullish market rally over the past 24hrs.  Presence of ascending channels confirmed the uptrend. The 7 day MA supported the uptrend since it was seen hovering above the 21 day MA throughout the intraday that signaled a bullish trend. The pair’s price gained by 3.5%, having started the session trading at $89.218 where it later upsurged  to the current price of $92.566. The RSI indicator was also seen heading north, which signaled an increase in buyouts; thus; the bulls had the upper hand throughout the intraday.  The RSI indicator also shows reluctance of investors to go short in anticipation for much better prices. Litecoin Price Prediction All the indicators point at a further bullish rally, with the 7 day MA gravitating above the 21 day MA and the RSI currently heading towards north.  This signals more Bull Run in the coming day. Nevertheless, if the pair’s price breaches the upper channel, then investors should go long and take profit at $95.00.     https://quantsalus.com/faq...

    Bitcoin Cash Price Analysis (BCH/USD)

    On an hourly chart, BCH/USD pair has impressively performed.  It seemed like the recent Bull Run of BTC has positively affected the price of many cryptocurrencies, BCH included.   BCH has been on a Bull Run that was supported by the 7day MA that gravitated throughout the intraday above the 21day MA, which signalled a bullish pressure. It is up by 9.19%, having moved from $307.70 to the current price of $332.26.

    The support level has been recovered and upended from $317.76 level to $328.76 level that confirmed the uptrend.  The uptrend later defined a major resistance level at $335.73. The Relative Strength Index indicator was also seen above level 50 that indicated an increase in buyouts.  At 16:00 and at 0000hr the RSI indicator was seen above level 70 that showed that the market was on an overbought market territory. 

    The RSI indicator reflected an increase in investor’s sentiments; thus, the bull dominates the market momentum.

    Bitcoin Cash Price Prediction

    At press time, all the indicators foresee further Bull Run.  The 7 day MA is actively trading above the 21 day MA. The RSI indicator is tending Northway that signals a further uptrend.  Investors should go long as soon as the price breaks the resistance level $335.73 and take profit at $350.00.

    Monero Price Analysis (XMR/USD)

    Like BCH, XMR/USD pair has also undergone a bullish outlook over the last 24hrs.  Despite the bullish rally, the price momentum is on a sideways trend that was confirmed by the horizontal channels.  The channels also acted as the price support level $78.30 and resistance level $80.45. 

    However, XMR has upsurged by 1.8%, having opened the session at $78.58, where it surged up to the current price at $80.03.  The intertwined moving averages signaled a lack of momentum in the market. At around 14:00, the RSI indicator almost crossed the overbought territory that indicated an increase in bullish pressure.

    The price rally later on fluctuated down massively before gaining momentum where it corrected up to the current price of $80.03.  Additionally, the RSI is at the moment trading flat, which signals a lack of dominance from either the buyers or the sellers.

    Monero Price Prediction

    Currently, the 21day MA is above the 7 day MA that indicates incoming bearish market rally.  However, if the price breaches the resistance level $80.45, then traders should consider going long and take profit at $81.50.

    Litecoin Price Analysis (LTC/USD)

    LTC/USD has also recorded a bullish market rally over the past 24hrs.  Presence of ascending channels confirmed the uptrend. The 7 day MA supported the uptrend since it was seen hovering above the 21 day MA throughout the intraday that signaled a bullish trend.

    The pair’s price gained by 3.5%, having started the session trading at $89.218 where it later upsurged  to the current price of $92.566. The RSI indicator was also seen heading north, which signaled an increase in buyouts; thus; the bulls had the upper hand throughout the intraday.  The RSI indicator also shows reluctance of investors to go short in anticipation for much better prices.

    Litecoin Price Prediction

    All the indicators point at a further bullish rally, with the 7 day MA gravitating above the 21 day MA and the RSI currently heading towards north.  This signals more Bull Run in the coming day. Nevertheless, if the pair’s price breaches the upper channel, then investors should go long and take profit at $95.00.

     

     

    https://quantsalus.com/faq


    31.07.2019 | Forex - Sterling Rebounds as Dollar Flat Ahead of Expected Rate Cut




    Investing.com - The pound rebounded slightly on Wednesday after falling to a two-year low, while the U.S. dollar was flat ahead of an expected Federal Reserve rate cut. A reduction of at least a quarter-point at 2:00 PM ET (18:00 GMT) from the Fed is priced in, with investors focused on Chairman Jerome Powell’s press conference a half-hour later for clues on further easing in the light of slowing global growth, notably caused by fallout from the trade conflict with China. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was flat at 97.838 by 10:18 AM ET (14:18 GMT). The dollar was unmoved against the Japanese yen, with USD/JPY flat at 108.54.The Bank of Japan left rates steady on Tuesday but could ease monetary policy if global developments drag on the economy. Sterling recovered, with GBP/USD up 0.5% to 1.2211, in a move that had no obvious triggers but which followed two days of sharp losses that made it ripe for a technical correction. The pound had fallen to a two-year low of 1.2158 after newly elected Prime Minister Boris Johnson and his new cabinet of die-hard Brexiteers stepped up their rhetoric and their preparations for taking the U.K. out of the European Union by October 31, a timeframe that leaves little or no time to renegotiate a transitional deal to guarantee continued smooth trade between the two. The currency is expected by many to fall further as Johnson’s plan to leave the EU is widely seen as likely to hurt the U.K. economy. While the Bank of England is expected to keep interest rates steady at its meeting on Thursday, the implied odds of a rate cut later have risen in recent days. Elsewhere, the euro was down 0.2% to $1.1136 after data showed that the euro zone's gross domestic product grew only 0.2% in the second quarter. The third quarter has also started weakly, with the core consumer price index falling to 0.9% in July, barely half the European Central Bank's target for headline inflation. USD/CAD lost 0.2% to 1.3120.   \ © Reuters.   https://quantsalus.com/about/...

    Investing.com - The pound rebounded slightly on Wednesday after falling to a two-year low, while the U.S. dollar was flat ahead of an expected Federal Reserve rate cut.

    A reduction of at least a quarter-point at 2:00 PM ET (18:00 GMT) from the Fed is priced in, with investors focused on Chairman Jerome Powell’s press conference a half-hour later for clues on further easing in the light of slowing global growth, notably caused by fallout from the trade conflict with China.

    The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was flat at 97.838 by 10:18 AM ET (14:18 GMT).

    The dollar was unmoved against the Japanese yen, with USD/JPY flat at 108.54.The Bank of Japan left rates steady on Tuesday but could ease monetary policy if global developments drag on the economy.

    Sterling recovered, with GBP/USD up 0.5% to 1.2211, in a move that had no obvious triggers but which followed two days of sharp losses that made it ripe for a technical correction.

    The pound had fallen to a two-year low of 1.2158 after newly elected Prime Minister Boris Johnson and his new cabinet of die-hard Brexiteers stepped up their rhetoric and their preparations for taking the U.K. out of the European Union by October 31, a timeframe that leaves little or no time to renegotiate a transitional deal to guarantee continued smooth trade between the two.

    The currency is expected by many to fall further as Johnson’s plan to leave the EU is widely seen as likely to hurt the U.K. economy. While the Bank of England is expected to keep interest rates steady at its meeting on Thursday, the implied odds of a rate cut later have risen in recent days.

    Elsewhere, the euro was down 0.2% to $1.1136 after data showed that the euro zone's gross domestic product grew only 0.2% in the second quarter. The third quarter has also started weakly, with the core consumer price index falling to 0.9% in July, barely half the European Central Bank's target for headline inflation.

    USD/CAD lost 0.2% to 1.3120.

     

    \

    © Reuters.

     

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    28.07.2019 | Economic Calendar - Top 5 Things to Watch This Week




    Investing.com - In what is set to be a hectic week, investors will get monetary policy updates from a number of major central banks, with Wednesday’s Federal Reserve decision the highlight. The calendar also features trade talks, the U.S. jobs report for July, euro zone GDP and another deluge of earnings reports, including from iPhone maker Apple. Here’s what you need to know to start your week. 1. Federal Reserve decision The Fed is widely expected to cut interest rates for the first time in more than a decade when it delivers its latest monetary policy decision on Wednesday. Money markets have priced in a quarter percentage point rate cut, after expectations for a half percent cut briefly soared mid-month, before pulling back. The central bank has faced repeated criticism from President Donald Trump over its rate increases and the ongoing reduction of its balance sheet. Trump believes the measures are holding back growth. That balance sheet reduction, known as quantitative tightening, is set to end in September, but with only a month to go, why wait? Many Fed policymakers are leery of having two policy tools -- interest rates and balance sheet size -- working at cross-purposes. 2. BOE, BOJ meetings In a busy week for central bank meetings, the Bank of England is expected to keep rates on hold at its meeting on Thursday, as policymakers wait for the fog of Brexit to clear. Investors will be watching for the BOE’s assessment of the British economy's current downturn, and how it might respond in the event of a hard Brexit under new Prime Minister Boris Johnson. Sterling has fallen more than 5% since May, largely on fears of a no-deal Brexit. Johnson, less than a week into the job, has already clashed with Brussels after he again called for the withdrawal deal to be rewritten and vowed to take Britain out of the EU on Oct. 31 regardless. The Bank of Japan is also expected to hold steady when it delivers its policy decision on Tuesday, but could reinforce its commitment to keep interest rates at rock bottom. The European Central Bank’s decision to hold last week gives the BoJ some breathing room amid a shift to a more dovish stance by central banks worldwide. 3. Trade talks Trade talks between the U.S. and China are due to resume on Tuesday with U.S. trade representative Robert Lighthizer and Treasury secretary Steven Mnuchin travelling to Shanghai. Vice Premier Liu He is expected to lead the talks for China. With Trump's November 2020 re-election campaign not in full swing yet and Wall Street at record highs, Trump may not be feeling much pressure for the 'big beautiful deal' he has touted but markets will still want something. The previous round of talks collapsed in May and Trump increased tariffs on $200bn of Chinese imports to 25% from 10% and threatened to slap 25% tariffs on a further $300bn worth of products. 4. U.S. jobs report In a big week for economic data the U.S. jobs report for July will steal the spotlight, with a consensus forecast for the economy to add 160,000 jobs, slowing from 224,000 in June. The unemployment rate is expected to tick down to 3.6%, while average hourly earnings are forecast to rise 0.2% month-on-month and 3.2% year-on-year. Market watchers will also get updates on manufacturing, trade, pending home sales, personal income and consumer confidence this week. The bulk of the data will come after the Fed meeting and will confirm whether a rate move was necessary as investors try to gauge the monetary policy outlook for the rest of the year. Elsewhere, euro zone data on Wednesday is expected to show that growth slowed in the in the second quarter, while an inflation report the same day is expected to indicate that inflation remains below the ECB’s target of just under 2%. 5. Earnings Investors can look forward to another slew of U.S. earnings this week with 170 companies listed on the S&P 500 set to report results, including Apple, General Electric (NYSE:GE), Spotify (NYSE:SPOT), Qualcomm (NASDAQ:QCOM), Verizon (NYSE:VZ), General Motors (NYSE:GM) and ExxonMobil (NYSE:XOM). Apple’s fiscal third quarter earnings will be in focus as investors wait to see if handset sales have improved, particularly in China amid the ongoing U.S.-Sino trade dispute. Apple reported that quarterly sales dropped 5% from a year earlier in the previous quarter, largely due to weak growth in China where iPhone sales fell by 17%. The tech giant’s services business, which has helped drive profits, will also be closely watched. Apple's (NASDAQ:AAPL) stock price has climbed 33% this year, closing Friday’s session at $207.74. --Reuters contributed to this report.   © Reuters.   https://quantsalus.com/contacts/...

    Investing.com - In what is set to be a hectic week, investors will get monetary policy updates from a number of major central banks, with Wednesday’s Federal Reserve decision the highlight. The calendar also features trade talks, the U.S. jobs report for July, euro zone GDP and another deluge of earnings reports, including from iPhone maker Apple.

    Here’s what you need to know to start your week.

    1. Federal Reserve decision

    The Fed is widely expected to cut interest rates for the first time in more than a decade when it delivers its latest monetary policy decision on Wednesday. Money markets have priced in a quarter percentage point rate cut, after expectations for a half percent cut briefly soared mid-month, before pulling back.

    The central bank has faced repeated criticism from President Donald Trump over its rate increases and the ongoing reduction of its balance sheet. Trump believes the measures are holding back growth.

    That balance sheet reduction, known as quantitative tightening, is set to end in September, but with only a month to go, why wait? Many Fed policymakers are leery of having two policy tools -- interest rates and balance sheet size -- working at cross-purposes.

    2. BOE, BOJ meetings

    In a busy week for central bank meetings, the Bank of England is expected to keep rates on hold at its meeting on Thursday, as policymakers wait for the fog of Brexit to clear.

    Investors will be watching for the BOE’s assessment of the British economy's current downturn, and how it might respond in the event of a hard Brexit under new Prime Minister Boris Johnson.

    Sterling has fallen more than 5% since May, largely on fears of a no-deal Brexit. Johnson, less than a week into the job, has already clashed with Brussels after he again called for the withdrawal deal to be rewritten and vowed to take Britain out of the EU on Oct. 31 regardless.

    The Bank of Japan is also expected to hold steady when it delivers its policy decision on Tuesday, but could reinforce its commitment to keep interest rates at rock bottom. The European Central Bank’s decision to hold last week gives the BoJ some breathing room amid a shift to a more dovish stance by central banks worldwide.

    3. Trade talks

    Trade talks between the U.S. and China are due to resume on Tuesday with U.S. trade representative Robert Lighthizer and Treasury secretary Steven Mnuchin travelling to Shanghai. Vice Premier Liu He is expected to lead the talks for China.

    With Trump's November 2020 re-election campaign not in full swing yet and Wall Street at record highs, Trump may not be feeling much pressure for the 'big beautiful deal' he has touted but markets will still want something.

    The previous round of talks collapsed in May and Trump increased tariffs on $200bn of Chinese imports to 25% from 10% and threatened to slap 25% tariffs on a further $300bn worth of products.

    4. U.S. jobs report

    In a big week for economic data the U.S. jobs report for July will steal the spotlight, with a consensus forecast for the economy to add 160,000 jobs, slowing from 224,000 in June. The unemployment rate is expected to tick down to 3.6%, while average hourly earnings are forecast to rise 0.2% month-on-month and 3.2% year-on-year.

    Market watchers will also get updates on manufacturing, trade, pending home sales, personal income and consumer confidence this week. The bulk of the data will come after the Fed meeting and will confirm whether a rate move was necessary as investors try to gauge the monetary policy outlook for the rest of the year.

    Elsewhere, euro zone data on Wednesday is expected to show that growth slowed in the in the second quarter, while an inflation report the same day is expected to indicate that inflation remains below the ECB’s target of just under 2%.

    5. Earnings

    Investors can look forward to another slew of U.S. earnings this week with 170 companies listed on the S&P 500 set to report results, including Apple, General Electric (NYSE:GE), Spotify (NYSE:SPOT), Qualcomm (NASDAQ:QCOM), Verizon (NYSE:VZ), General Motors (NYSE:GM) and ExxonMobil (NYSE:XOM).

    Apple’s fiscal third quarter earnings will be in focus as investors wait to see if handset sales have improved, particularly in China amid the ongoing U.S.-Sino trade dispute. Apple reported that quarterly sales dropped 5% from a year earlier in the previous quarter, largely due to weak growth in China where iPhone sales fell by 17%.

    The tech giant’s services business, which has helped drive profits, will also be closely watched.

    Apple's (NASDAQ:AAPL) stock price has climbed 33% this year, closing Friday’s session at $207.74.

    --Reuters contributed to this report.

     

    © Reuters.

     

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    27.07.2019 | Alphabet Has Best Day Since 2015 After Very Strong Results




    (Bloomberg) -- Alphabet Inc. (NASDAQ:GOOGL) shares jumped on Friday, after the Google parent reported second-quarter sales that rebounded from a surprise slowdown in the prior period. Analysts cheered the results, with a number of firms lifting their price targets .They also pointed to a mammoth $25 billion share buyback program as providing support to the stock. Shares gained as much as 11%, the company’s biggest one-day percentage gain since July 2015, according to Bloomberg data. At current levels, the stock is about 3% below its record close, hit in late April. Here’s a summary of what analysts are saying following the earnings: BMO Capital Markets, Daniel Salmon This was a “solid” report for revenue after the first quarter disappointed, and margins were particularly strong relative to recent trends. With large-scale M&A unlikely in light of the antitrust overhang, continued growth of buybacks should make value investors increasingly comfortable. Affirms market-perform rating but raises price target to $1,225 from $1,150. However, says would look for a better entry point. Pivotal Research, Michael Levine Expects consensus numbers to move up “a lot” on the back of a “very strong print.” However, views the company as being at greatest risk of the Department of Justice anti-trust review, “which has kept us --and likely continues to keep us -- on the sidelines.” Neutral rating, raises price target to $1,350 from $1,250. RBC Capital Markets, Mark S.F. Mahaney “Fundamentals snapped right back” from the first quarter, with revenue growth excluding foreign exchange movements matching the average of the past nine years. Notes that operating margins were down 130 basis points year-on-year. Outperform, raises price target to $1,425 from $1,300 Jefferies, Brent Thill Most key metrics beat consensus, with free cash flow better amid low capex, although cash flow from operations missed slightly. Buy rating, raises price target to $1,500 from $1,450 Morgan Stanley (NYSE:MS), Brian Nowak Continued use of machine learning and innovation led to a 150 basis point sequential acceleration in ex-FX websites growth -- the third-largest gain in four years. Still not entirely clear what the most material drivers of the first quarter deceleration were. Apex came in lower than expected, which is positive for free cash flow. Raises 2019-2020 EPS estimates by 7%-10%. Overweight, raises price target to $1,450 from $1,400 Cowen, John Blackledge Outperform, raises price target to $1,500 from $1,400 Operating income beat was due primarily to better-than-expected cost leverage in sales and marketing, general and administrative expenses, and to a lesser extent R&D. Loop Capital, Alan Gould Hold, price target $1,250 Google beat Loop’s estimate for website revenue growth by 50 basis points, even though the broker was 40 basis points above consensus. Not surprised to see a rally in after-hours considering weak sentiment, investor concern over deceleration in growth and suggestions of continued softness in advertising dollar allocations following the first quarter miss. What Bloomberg Intelligence Says: “The robust 2Q beats on sales and earnings may help abate controversial and far-stretching concerns over YouTube growth, likely meaning 1Q was a blip.” -- Analyst April Kim   © Reuters. Alphabet Has Best Day Since 2015 After ‘Very Strong’ Results   https://quantsalus.com/faq/...

    (Bloomberg) -- Alphabet Inc. (NASDAQ:GOOGL) shares jumped on Friday, after the Google parent reported second-quarter sales that rebounded from a surprise slowdown in the prior period.

    Analysts cheered the results, with a number of firms lifting their price targets .They also pointed to a mammoth $25 billion share buyback program as providing support to the stock.

    Shares gained as much as 11%, the company’s biggest one-day percentage gain since July 2015, according to Bloomberg data. At current levels, the stock is about 3% below its record close, hit in late April.

    Here’s a summary of what analysts are saying following the earnings:

    BMO Capital Markets, Daniel Salmon

    This was a “solid” report for revenue after the first quarter disappointed, and margins were particularly strong relative to recent trends.

    With large-scale M&A unlikely in light of the antitrust overhang, continued growth of buybacks should make value investors increasingly comfortable.

    Affirms market-perform rating but raises price target to $1,225 from $1,150. However, says would look for a better entry point.

    Pivotal Research, Michael Levine

    Expects consensus numbers to move up “a lot” on the back of a “very strong print.”

    However, views the company as being at greatest risk of the Department of Justice anti-trust review, “which has kept us --and likely continues to keep us -- on the sidelines.”

    Neutral rating, raises price target to $1,350 from $1,250.

    RBC Capital Markets, Mark S.F. Mahaney

    “Fundamentals snapped right back” from the first quarter, with revenue growth excluding foreign exchange movements matching the average of the past nine years.

    Notes that operating margins were down 130 basis points year-on-year.

    Outperform, raises price target to $1,425 from $1,300

    Jefferies, Brent Thill

    Most key metrics beat consensus, with free cash flow better amid low capex, although cash flow from operations missed slightly.

    Buy rating, raises price target to $1,500 from $1,450

    Morgan Stanley (NYSE:MS), Brian Nowak

    Continued use of machine learning and innovation led to a 150 basis point sequential acceleration in ex-FX websites growth -- the third-largest gain in four years.

    Still not entirely clear what the most material drivers of the first quarter deceleration were.

    Apex came in lower than expected, which is positive for free cash flow. Raises 2019-2020 EPS estimates by 7%-10%.

    Overweight, raises price target to $1,450 from $1,400

    Cowen, John Blackledge

    Outperform, raises price target to $1,500 from $1,400

    Operating income beat was due primarily to better-than-expected cost leverage in sales and marketing, general and administrative expenses, and to a lesser extent R&D.

    Loop Capital, Alan Gould

    Hold, price target $1,250

    Google beat Loop’s estimate for website revenue growth by 50 basis points, even though the broker was 40 basis points above consensus.

    Not surprised to see a rally in after-hours considering weak sentiment, investor concern over deceleration in growth and suggestions of continued softness in advertising dollar allocations following the first quarter miss.

    What Bloomberg Intelligence Says:

    “The robust 2Q beats on sales and earnings may help abate controversial and far-stretching concerns over YouTube growth, likely meaning 1Q was a blip.”

    -- Analyst April Kim

     

    © Reuters. Alphabet Has Best Day Since 2015 After ‘Very Strong’ Results

     

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    25.07.2019 | Wall Street falls after mixed earnings; ECB chief disappoints




    By Amy Caren Daniel (Reuters) - U.S. stocks slipped on Thursday after a handful of disappointing earnings pointed to a slowing global economy and as European Central Bank signaled monetary policy easing in the future, underwhelming investors who had expected more. ECB chief Mario Draghi said the risk of a recession in euro zone was "pretty low" and that policymakers did not discuss rate cuts at the meeting. This comes against the backdrop of Europe's export-focused manufacturing sector bearing the brunt of a global trade war. "Europe's got some significant problems with its economic landscape, and the commentary from the ECB's Mario Draghi is not very encouraging," said Peter Kenny of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York. "We are talking about an economy that hasn't fully recovered from a financial crisis. It's a big concern if the European markets continue to deteriorate, that could have a spillover and could affect the U.S. economy." The technology sector (SPLRCT) fell 0.4%, and led the declines among the S&P sectors trading lower as chipmakers fell following Xilinx Inc's (O:XLNX) dour forecast. The chipmaker declined 2.7% after providing current-quarter revenue forecast below market expectations, hit by the impact of U.S. restrictions on selling to Huawei Technologies Co Ltd [HWT.UL]. The Philadelphia chip index (SOX) dropped 0.97%, a day after hitting a record high. Tesla Inc (O:TSLA) tumbled 13.1% after the electric carmaker softened its language once again on meeting its profit timeline. "I don't think it's all too surprising that we're getting a mixed bag of earnings and some pockets of weakness," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. "The key for investors is if these pockets of weakness are a sign of an economic downturn or just a slow patch." In a bright spot, 3M Co (N:MMM) rose 1% after the manufacturing conglomerate reiterated its full-year earnings forecast despite slowing growth in high-profile markets such as China. Two weeks into the second-quarter earnings season, about 75% of the 185 S&P 500 companies that have reported so far have topped profit estimates, according to Refinitiv data. Hopes that the Federal Reserve would adopt a looser monetary policy at its rate-setting meeting next week to counter the impact of a protracted U.S.-China trade war have helped Wall Street's main indexes scale record levels this month. At 11:07 a.m. ET, the Dow Jones Industrial Average (DJI) was down 51.63 points, or 0.19%, at 27,218.34, the S&P 500 (SPX) was down 5.48 points, or 0.18%, at 3,014.08. The Nasdaq Composite (IXIC) was down 42.51 points, or 0.51%, at 8,278.99. Ford Motor Co (N:F) fell 7% after the automaker reported a lower-than-expected profit and gave a disappointing full-year earnings forecast. Facebook Inc (O:FB) reversed premarket gains to trade 2% lower. The social media giant said new rules and product changes aimed at protecting user privacy would slow its revenue growth into next year. Align Technology (O:ALGN) plunged 26% and was the biggest decliner on the S&P 500, as the orthodontic device maker's current-quarter forecast came below estimates. Declining issues outnumbered advancers for a 1.69-to-1 ratio on the NYSE and for a 1.63-to-1 ratio on the Nasdaq. The S&P index recorded 24 new 52-week highs and one new low, while the Nasdaq recorded 65 new highs and 41 new lows.   © Reuters. Traders work on the floor at the NYSE in New York   https://quantsalus.com/contacts/...

    By Amy Caren Daniel

    (Reuters) - U.S. stocks slipped on Thursday after a handful of disappointing earnings pointed to a slowing global economy and as European Central Bank signaled monetary policy easing in the future, underwhelming investors who had expected more.

    ECB chief Mario Draghi said the risk of a recession in euro zone was "pretty low" and that policymakers did not discuss rate cuts at the meeting. This comes against the backdrop of Europe's export-focused manufacturing sector bearing the brunt of a global trade war.

    "Europe's got some significant problems with its economic landscape, and the commentary from the ECB's Mario Draghi is not very encouraging," said Peter Kenny of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.

    "We are talking about an economy that hasn't fully recovered from a financial crisis. It's a big concern if the European markets continue to deteriorate, that could have a spillover and could affect the U.S. economy."

    The technology sector (SPLRCT) fell 0.4%, and led the declines among the S&P sectors trading lower as chipmakers fell following Xilinx Inc's (O:XLNX) dour forecast.

    The chipmaker declined 2.7% after providing current-quarter revenue forecast below market expectations, hit by the impact of U.S. restrictions on selling to Huawei Technologies Co Ltd [HWT.UL]. The Philadelphia chip index (SOX) dropped 0.97%, a day after hitting a record high.

    Tesla Inc (O:TSLA) tumbled 13.1% after the electric carmaker softened its language once again on meeting its profit timeline.

    "I don't think it's all too surprising that we're getting a mixed bag of earnings and some pockets of weakness," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. "The key for investors is if these pockets of weakness are a sign of an economic downturn or just a slow patch."

    In a bright spot, 3M Co (N:MMM) rose 1% after the manufacturing conglomerate reiterated its full-year earnings forecast despite slowing growth in high-profile markets such as China.

    Two weeks into the second-quarter earnings season, about 75% of the 185 S&P 500 companies that have reported so far have topped profit estimates, according to Refinitiv data.

    Hopes that the Federal Reserve would adopt a looser monetary policy at its rate-setting meeting next week to counter the impact of a protracted U.S.-China trade war have helped Wall Street's main indexes scale record levels this month.

    At 11:07 a.m. ET, the Dow Jones Industrial Average (DJI) was down 51.63 points, or 0.19%, at 27,218.34, the S&P 500 (SPX) was down 5.48 points, or 0.18%, at 3,014.08. The Nasdaq Composite (IXIC) was down 42.51 points, or 0.51%, at 8,278.99.

    Ford Motor Co (N:F) fell 7% after the automaker reported a lower-than-expected profit and gave a disappointing full-year earnings forecast.

    Facebook Inc (O:FB) reversed premarket gains to trade 2% lower. The social media giant said new rules and product changes aimed at protecting user privacy would slow its revenue growth into next year.

    Align Technology (O:ALGN) plunged 26% and was the biggest decliner on the S&P 500, as the orthodontic device maker's current-quarter forecast came below estimates.

    Declining issues outnumbered advancers for a 1.69-to-1 ratio on the NYSE and for a 1.63-to-1 ratio on the Nasdaq.

    The S&P index recorded 24 new 52-week highs and one new low, while the Nasdaq recorded 65 new highs and 41 new lows.

     

    © Reuters. Traders work on the floor at the NYSE in New York

     

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    24.07.2019 | Stellar, Tron and Cardano Cryptocurrency Price Prediction And Analysis for July 24th: XLM, TRX, and




    Stellar Price Analysis (XLM/USD) Over the past 24hrs XLM/USD pair has recorded a massive downward pressure.  The bear market rally seemed to have been supported by the 21 day MA that was seen most of the time gravitating above the 7 day MA. The RSI indicator was also seen below level 50 that signals a strong increase in sellouts.  In addition, the RSI indicator was almost encountered below level 30 at several instances that indicated oversold market condition. Presence of a four-price Doji was also seen severally that showed that XLM market dealt with small number of transactions at that period of time.  The bearish pressure defined resistance level at $0.08947 and a key support level at $0.08697. The key support was later broken that placed XLM/USD pair to its current price value at $0.08509.  The pair’s price declined from $0.09161 thus has an intraday dip of 7.1%. However, the recent launch of StellarX mobile wallet that is meant for the iOS users.  This will maintain transparent connection with the supporting community. Perhaps, this could boost the price of XLM since investors will gain confidence in the coin. Stellar Price Prediction At the moment, the RSI indicator has gained momentum, having moved from a low of 32 to a high of 38.  That indicates higher possibility of a Bull Run in the coming day. New targets should be set at $0.08800 Tron Price Analysis (TRX/USD) TRX/USD pair has also recorded a massive bearish pressure over the last 24hrs. TRX has down surged by 15.3%, having declined from $0.02913 to its current value at $0.02468.  The coin has been consistently moving downwards throughout the intraday.  The bearish pressure has been  bolstered by the 21 day MA that was seen gravitating above the 7 day MA.  The descending channels have also confirmed the downtrend. The Relative strength Index X indicator was also seen decreasing.  It moved from a high of 52 to a low of 25, which is below level 30 thus showed increase sellouts over the last 24hrs. The dip in TRX price has negatively affected investor’s sentiments due to reduce confidence in the coin.  This could perhaps be due to the resent report that accused Justine Sun of illegal fundraising that was done through his cryptocurrency projects.  It was also sad that the Tron network is also involved in illegal gambling services that are only accessible to the Chinese residence. Tron Price Prediction Currently, all indicators point at further bearish rally.  With the 21 day MA is above the 7 day MA and the RSI trading on the oversold territory.  Nevertheless, if the bulls up their game they are most likely to overcome the bear market rally.  New targets should be set at $0.02600 Cardano Price Analysis (ADA/USD) ADA/USD has also experienced the downward pressure.  Is down by 8.2% since it started off at $0.06163 and massively declined to the current value of $0.056558.  The bear market lacked momentum below key support level $0.05823 whereby it placed temporary resistance level at $0.06109.  The RSI indicator that dipped to a low of 27 from a high of 47 reflected the bearish pressure.  In addition, the 21 day MA was seen hovering above the 7 day MA that signaled a bearish sign. The support level was later broken and was moved down to $0.05600 that signaled increase sellouts. The RSI indicator is currently heading north which indicates the unwillingness of investors to go short in anticipation for much better price. Cardano Price Analysis The 21 day MA is still above the 7 day MA that signals further downward pressure.  ADA is likely to foresee a short-term consolidation period before a breakout. New target should be set at $0.05500. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.     https://quantsalus.com/...

    Stellar Price Analysis (XLM/USD)

    Over the past 24hrs XLM/USD pair has recorded a massive downward pressure.  The bear market rally seemed to have been supported by the 21 day MA that was seen most of the time gravitating above the 7 day MA. The RSI indicator was also seen below level 50 that signals a strong increase in sellouts.  In addition, the RSI indicator was almost encountered below level 30 at several instances that indicated oversold market condition.

    Presence of a four-price Doji was also seen severally that showed that XLM market dealt with small number of transactions at that period of time.  The bearish pressure defined resistance level at $0.08947 and a key support level at $0.08697. The key support was later broken that placed XLM/USD pair to its current price value at $0.08509.  The pair’s price declined from $0.09161 thus has an intraday dip of 7.1%.

    However, the recent launch of StellarX mobile wallet that is meant for the iOS users.  This will maintain transparent connection with the supporting community. Perhaps, this could boost the price of XLM since investors will gain confidence in the coin.

    Stellar Price Prediction

    At the moment, the RSI indicator has gained momentum, having moved from a low of 32 to a high of 38.  That indicates higher possibility of a Bull Run in the coming day. New targets should be set at $0.08800

    Tron Price Analysis (TRX/USD)

    TRX/USD pair has also recorded a massive bearish pressure over the last 24hrs. TRX has down surged by 15.3%, having declined from $0.02913 to its current value at $0.02468.  The coin has been consistently moving downwards throughout the intraday. 

    The bearish pressure has been  bolstered by the 21 day MA that was seen gravitating above the 7 day MA.  The descending channels have also confirmed the downtrend. The Relative strength Index X indicator was also seen decreasing.  It moved from a high of 52 to a low of 25, which is below level 30 thus showed increase sellouts over the last 24hrs.

    The dip in TRX price has negatively affected investor’s sentiments due to reduce confidence in the coin.  This could perhaps be due to the resent report that accused Justine Sun of illegal fundraising that was done through his cryptocurrency projects.  It was also sad that the Tron network is also involved in illegal gambling services that are only accessible to the Chinese residence.

    Tron Price Prediction

    Currently, all indicators point at further bearish rally.  With the 21 day MA is above the 7 day MA and the RSI trading on the oversold territory.  Nevertheless, if the bulls up their game they are most likely to overcome the bear market rally.  New targets should be set at $0.02600

    Cardano Price Analysis (ADA/USD)

    ADA/USD has also experienced the downward pressure.  Is down by 8.2% since it started off at $0.06163 and massively declined to the current value of $0.056558.  The bear market lacked momentum below key support level $0.05823 whereby it placed temporary resistance level at $0.06109. 

    The RSI indicator that dipped to a low of 27 from a high of 47 reflected the bearish pressure.  In addition, the 21 day MA was seen hovering above the 7 day MA that signaled a bearish sign. The support level was later broken and was moved down to $0.05600 that signaled increase sellouts.

    The RSI indicator is currently heading north which indicates the unwillingness of investors to go short in anticipation for much better price.

    Cardano Price Analysis

    The 21 day MA is still above the 7 day MA that signals further downward pressure.  ADA is likely to foresee a short-term consolidation period before a breakout. New target should be set at $0.05500.

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

     

    https://quantsalus.com/


    23.07.2019 | Bitcoin, Litecoin and Ripples XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP




    Bitcoin Price Analysis (BTC/USD) Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend. An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19. The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors. Bitcoin Price Prediction At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700. Litecoin Price Analysis (LTC/USD) LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum. Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum. Litecoin Price Prediction Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken. Ripple’s XRP Price Analysis (XRP/USD) XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208. XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments. Ripple’s XRP Price Prediction The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.     https://quantsalus.com/faq/ ...

    Bitcoin Price Analysis (BTC/USD)

    Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend.

    An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19.

    The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors.

    Bitcoin Price Prediction

    At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700.

    Litecoin Price Analysis (LTC/USD)

    LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum.

    Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum.

    Litecoin Price Prediction

    Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken.

    Ripple’s XRP Price Analysis (XRP/USD)

    XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208.

    XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments.

    Ripple’s XRP Price Prediction

    The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500.

    Cryptocurrency Charts By Tradingview

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

     

    https://quantsalus.com/faq/




    22.07.2019 | Hackers Confirm Russias FSB Still Aims to Deanonymize Tor Traffic




    For quite some time now, there have been persistent rumors regarding Tor being deanonymized. Although it is a known fact the NSA is capable of doing so, albeit it remains to be seen if they will explore that option. Russia’s FSB, however, is effectively working on such a project with the help of SyTech.  SyTech and FSB Join Forces In Russia, things are often done completely different from the rest of the world. There is nothing wrong with exploring other options, albeit the country has built up a solid reputation which isn’t all that positive. The recent findings, which came to light following a hack, will not help matters much in this regard. The information itself should not come as too big of a surprise to tech enthusiasts. The hackers in question successfully attacked and breached, Syech, a company contracted by Russian national intelligence service FSB. Among the information obtained during this breach are details regarding internal projects being developed. One of those ventures focuses on deanonymizing Tor traffic. That in itself once again confirms this protocol is not only not as anonymous as one thinks, but also under active attacks by the world’s superpowers. This project is internally known as Nautilus-S, and is quite similar to Nautilus. More specifically, Nautilus is a project for collecting data on social media users, targeting platforms such as LinkedIn and Facebook. Nautilus-S is designed to deanonymize Tor traffic by setting up rogue servers which act as gateways. This approach is not entirely new, as there have been genuine concerns regarding malicious Tor servers for many years now.  Unlike what one might think, the Nautilus-S project was effectively put to the test in 2012. After years of development, it was finally put into a working tool in 2014. It did not take long for foreign researchers to take note of what was going on and how hostile Tor exit nodes could pose major problems. Ever since that time, it remains uncertain if the project was still in operation. It seems logical to assume someone is exploring the option of using rogue Tor servers, but it might not necessarily be the FSB. Back in 2014, a total of 25 malicious exit nodes were identified, of which 18 were hosted in Russia. That doesn’t mean the rest of the servers weren’t under Russian control either, albeit further research is necessary to determine how this plan worked exactly. Even so, it poses a legitimate threat to Tor users around the world, especially now that the information regarding this project has been obtained by hackers.  For the time being, it remains to be seen if and how Tor will be affected by these revelations. Its developers have been working on ways to ignore potential rogue servers, albeit there is never a foolproof solution. Anyone can create  Tor exit node at any given time and with limited effort. As such, there will always be a chance someone is trying to deanonymize this type of internet traffic for an unknown purpose.   Image(s): Shutterstock.com   https://quantsalus.com/about/...

    For quite some time now, there have been persistent rumors regarding Tor being deanonymized. Although it is a known fact the NSA is capable of doing so, albeit it remains to be seen if they will explore that option. Russia’s FSB, however, is effectively working on such a project with the help of SyTech. 

    SyTech and FSB Join Forces

    In Russia, things are often done completely different from the rest of the world. There is nothing wrong with exploring other options, albeit the country has built up a solid reputation which isn’t all that positive. The recent findings, which came to light following a hack, will not help matters much in this regard. The information itself should not come as too big of a surprise to tech enthusiasts.

    The hackers in question successfully attacked and breached, Syech, a company contracted by Russian national intelligence service FSB. Among the information obtained during this breach are details regarding internal projects being developed. One of those ventures focuses on deanonymizing Tor traffic. That in itself once again confirms this protocol is not only not as anonymous as one thinks, but also under active attacks by the world’s superpowers.

    This project is internally known as Nautilus-S, and is quite similar to Nautilus. More specifically, Nautilus is a project for collecting data on social media users, targeting platforms such as LinkedIn and Facebook. Nautilus-S is designed to deanonymize Tor traffic by setting up rogue servers which act as gateways. This approach is not entirely new, as there have been genuine concerns regarding malicious Tor servers for many years now. 

    Unlike what one might think, the Nautilus-S project was effectively put to the test in 2012. After years of development, it was finally put into a working tool in 2014. It did not take long for foreign researchers to take note of what was going on and how hostile Tor exit nodes could pose major problems. Ever since that time, it remains uncertain if the project was still in operation. It seems logical to assume someone is exploring the option of using rogue Tor servers, but it might not necessarily be the FSB.

    Back in 2014, a total of 25 malicious exit nodes were identified, of which 18 were hosted in Russia. That doesn’t mean the rest of the servers weren’t under Russian control either, albeit further research is necessary to determine how this plan worked exactly. Even so, it poses a legitimate threat to Tor users around the world, especially now that the information regarding this project has been obtained by hackers. 

    For the time being, it remains to be seen if and how Tor will be affected by these revelations. Its developers have been working on ways to ignore potential rogue servers, albeit there is never a foolproof solution. Anyone can create  Tor exit node at any given time and with limited effort. As such, there will always be a chance someone is trying to deanonymize this type of internet traffic for an unknown purpose.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/about/


    19.07.2019 | Gold in for 2nd-Straight Weekly Gain Amid Rate Cut Hopes




    Investing.com – Expectations for a U.S. rate cut before the start of August is keeping gold supported in the $1,400 range, landing a second-straight week of gains for the precious metal. {68|Spot gold}}, reflective of trades in bullion, traded at $1,428.85 per ounce by 1:36 PM ET (17:36 GMT), down $1.45, or 0.1%, on the day. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, slipped $1.40 to settle at $1,426.70. Bullion and futures of gold rose about 0.6% on the week despite weaker-than-expected U.S. housing data, while the IMF called the dollar "overvalued." In several tweets, President Donald Trump repeated his call for lower interest rates on Friday and accused the Fed of sticking to a “faulty thought process” as markets contemplate the possibility of a 50-basis-point cut at the July 30-31 policy meeting. Although Fed Chairman Jerome Powell has repeatedly shrugged off Trump’s attacks, citing the central bank’s independence and a lack of necessity to responding to short-term political pressure, markets are convinced there will be at least a quarter-point cut and there's a 60% chance rates will be 50 basis points lower after the September policy meeting, according to Investing.com's Fed Rate Monitor Tool. That would put the key federal funds rate at 1.75% to 2%. Beyond the Fed, central banks worldwide have been taking an increasingly dovish stance on monetary policy to the benefit of non-yielding gold. The European Central Bank is widely expected to give signs of further easing next week, with market odds for a cut having even surpassed 50% on Friday, while smaller central banks such as South Korea or South Africa already took action on Thursday. The outlook for lower interest rates has spread across the fixed income market resulting in $13 trillion worth of bonds with negative yields, increasing the appeal of gold. John Reade, chief market strategist at the World Gold Council, compared the performance of gold to bond yields in a series of tweets and reminded his followers that “zero is just a level, not a floor”. In another bullish factor for the outlook, the “hoarding” of gold by central banks looked set to continue for the following year, according to a survey conducted by the World Gold Council and YouGov. According to the poll of central banks, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets.   © Reuters.   https://quantsalus.com/rules/...

    Investing.com – Expectations for a U.S. rate cut before the start of August is keeping gold supported in the $1,400 range, landing a second-straight week of gains for the precious metal.

    {68|Spot gold}}, reflective of trades in bullion, traded at $1,428.85 per ounce by 1:36 PM ET (17:36 GMT), down $1.45, or 0.1%, on the day.

    Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, slipped $1.40 to settle at $1,426.70.

    Bullion and futures of gold rose about 0.6% on the week despite weaker-than-expected U.S. housing data, while the IMF called the dollar "overvalued."

    In several tweets, President Donald Trump repeated his call for lower interest rates on Friday and accused the Fed of sticking to a “faulty thought process” as markets contemplate the possibility of a 50-basis-point cut at the July 30-31 policy meeting.

    Although Fed Chairman Jerome Powell has repeatedly shrugged off Trump’s attacks, citing the central bank’s independence and a lack of necessity to responding to short-term political pressure, markets are convinced there will be at least a quarter-point cut and there's a 60% chance rates will be 50 basis points lower after the September policy meeting, according to Investing.com's Fed Rate Monitor Tool. That would put the key federal funds rate at 1.75% to 2%.

    Beyond the Fed, central banks worldwide have been taking an increasingly dovish stance on monetary policy to the benefit of non-yielding gold.

    The European Central Bank is widely expected to give signs of further easing next week, with market odds for a cut having even surpassed 50% on Friday, while smaller central banks such as South Korea or South Africa already took action on Thursday.

    The outlook for lower interest rates has spread across the fixed income market resulting in $13 trillion worth of bonds with negative yields, increasing the appeal of gold.

    John Reade, chief market strategist at the World Gold Council, compared the performance of gold to bond yields in a series of tweets and reminded his followers that “zero is just a level, not a floor”.

    In another bullish factor for the outlook, the “hoarding” of gold by central banks looked set to continue for the following year, according to a survey conducted by the World Gold Council and YouGov.

    According to the poll of central banks, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets.

     

    © Reuters.

     

    https://quantsalus.com/rules/


    18.07.2019 | Crude Prices Rise as Iran Says It Seized Foreign Oil Tanker




    Investing.com - Oil prices extended gains on Thursday after Iran said it had seized a foreign tanker in the Persian Gulf, pushing geopolitical premiums higher after a brief lull. New York-traded West Texas Intermediate crude futures rose 30 cents, or 0.5%, to $57.08 a barrel by 8:13 AM ET (12:13 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., gained 48 cents, or 0.8%, to $64.14. Several media reports cited Iranian state TV as saying that Revolutionary Guards forces seized a foreign tanker with 12 crew members accused of smuggling oil. The tanker was reportedly seized in the strait of Hormuz, a key shipping route for oil. Oil prices had been under pressure earlier this week in part from reports that the U.S. and Iran might begin talks soon, ratcheting down the recent tension in the Middle East. Ellen Wald, president of Transversal Consulting and Investing.com contributor, pointed to the fact that the “mere possibility” of negotiations between Washington and Iran had driven U.S. crude down more than 3%. “Overall, this shows that without the Iran tensions, oil prices would be lower, and absent the start of a war, the prices are not likely to increase much based on the Iran situation,” she said. Thursday’s gains in oil were the first after three consecutive sessions of losses due to several bearish factors beyond the Middle East. Contributing to this week’s selloff was the fact that Hurricane Barry passed without causing as much damage as feared, and oil rigs began preparations to restart production. That means they'll be able to contribute again relatively soon to a U.S. market that is already amply supplied: data from the Energy Information Administration showed that, despite a slightly larger-than-expected draw in U.S. crude inventories last week, gasoline and distillate stockpiles surged. In other energy trading, gasoline futures advanced 0.5% to $1.8881 a gallon by 8:15 AM ET (12:15 GMT), while heating oil gained 0.8% to $1.9075 a gallon. Lastly, natural gas futures traded up 0.9% to $2.325 per million British thermal unit.   © Reuters.   https://quantsalus.com/about/...

    Investing.com - Oil prices extended gains on Thursday after Iran said it had seized a foreign tanker in the Persian Gulf, pushing geopolitical premiums higher after a brief lull.

    New York-traded West Texas Intermediate crude futures rose 30 cents, or 0.5%, to $57.08 a barrel by 8:13 AM ET (12:13 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., gained 48 cents, or 0.8%, to $64.14.

    Several media reports cited Iranian state TV as saying that Revolutionary Guards forces seized a foreign tanker with 12 crew members accused of smuggling oil.

    The tanker was reportedly seized in the strait of Hormuz, a key shipping route for oil.

    Oil prices had been under pressure earlier this week in part from reports that the U.S. and Iran might begin talks soon, ratcheting down the recent tension in the Middle East.

    Ellen Wald, president of Transversal Consulting and Investing.com contributor, pointed to the fact that the “mere possibility” of negotiations between Washington and Iran had driven U.S. crude down more than 3%.

    “Overall, this shows that without the Iran tensions, oil prices would be lower, and absent the start of a war, the prices are not likely to increase much based on the Iran situation,” she said.

    Thursday’s gains in oil were the first after three consecutive sessions of losses due to several bearish factors beyond the Middle East.

    Contributing to this week’s selloff was the fact that Hurricane Barry passed without causing as much damage as feared, and oil rigs began preparations to restart production.

    That means they'll be able to contribute again relatively soon to a U.S. market that is already amply supplied: data from the Energy Information Administration showed that, despite a slightly larger-than-expected draw in U.S. crude inventories last week, gasoline and distillate stockpiles surged.

    In other energy trading, gasoline futures advanced 0.5% to $1.8881 a gallon by 8:15 AM ET (12:15 GMT), while heating oil gained 0.8% to $1.9075 a gallon.

    Lastly, natural gas futures traded up 0.9% to $2.325 per million British thermal unit.

     

    © Reuters.

     

    https://quantsalus.com/about/


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