Stocks – Tesla Sinks Midday; Netflix $100 off All-Time Highs

Investing.com - Shares of Tesla fell sharply midday on co-founder Elon Musk’s woes and its meeting with regulators next week. And weakness in semiconductor guidance led to a selloff in technology stocks. The S&P Information Technology Sector index lost about 0.4% at 11:25 AM ET (15:25 GMT). ...

Greece stocks higher at close of trade; Athens General Composite up 0.36%

Investing.com – Greece stocks were higher after the close on Friday, as gains in the Telecoms, Household and Industrials sectors led shares higher. At the close in Athens, the Athens General Composite rose 0.36%. The best performers of the session on the Athens General Composite were Loulis Mills ...

Gold struggles to extend its recovery above $1180

Gold's shallow correction continues on Friday. For the week, gold is still down more than $30. US Dollar Index headed for a negative weekly close. After spending the Asian session in a tight range above the $1175 mark, the troy ounce of the precious metal gathered momentum during th ...

The Bank of Canada may face a difficult 2019 – ING

According to ING analysts,  the threat of further US tariffs on Canadian goods, for example on the auto industry, is still a risk for the Canadian economy. Key quotes "In a more extreme scenario, the anticipated slowdown in inflation during 2019 could easily be offset by any fres ...

Cryptocurrencies Look Past UK Scam Warning, Head Higher

Investing.com - Cryptocurrencies headed higher on Friday, looking past a warning from a British regulator that scams were on the rise. Bitcoin gained 0.77% in the last 24 hours to reach $6,462.20 on the Bitfinex exchange by 10:52 AM ET (14:52 GMT), leading rivals with weekly gains of 5.1%. In othe ...

US Dollar Index challenges lows near 96.30 post-U Mich

The index loses the grip and drops to the 96.30/25 band. Yields of the US-10 note rebound from lows near 2.84%. US advanced Consumer Sentiment seen at 95.3 in August. The greenback, in terms of the US Dollar Index (DXY), is meeting further downside pressure and is navigating daily lows in th ...

GBP/USD sticks to modest gains, comfortably above 1.2700 handle

   •  The ongoing USD profit-taking slide helps to gain some positive traction.    •  Disappointing US consumer sentiment index adds to the USD weakness.    •  Brexit uncertainties keep the GBP bulls on the defensive and cap further gains ...

USD/JPY Technical Analysis: USD/JPY decline targets 110.10 level

USD/JPY main trend is on hold since July, 19 as the market is in a triangle consolidation.  USD/JPY found resistance at the 50-day simple moving average. The market is now trading at its lowest in the last three days as bears are targeting 110.10 August 13 swing low and the trendline. ...

US: UoM Consumer Sentiment Index drops to 11-month low at 95.2 vs. 98 expected

The University of Michigan's closely-watched Consumer Sentiment Survey revealed that the headline confidence index fell to 95.3 from the 97.9 in the previous estimate and fell short of the market expectation of 98. Key quotes from the press release Consumer sentiment slipped to its lowes ...

Canada: Inflation spikes but few signs of tariff impact – ING

"Sharply higher energy prices saw Canadian inflation unexpectedly spike in July. But so far, the impact of tariffs has been fairly modest and this is a key reason why we expect further rate hikes from the Bank of Canada," note ING analysts. Key quotes "Canada's July CPI releas ...

United States Michigan Consumer Sentiment Index below expectations (98) in August: Actual (95.3)

AUD/USD inches closer to 0.73, turns flat for the week

AUD/USD extends recovery gains on Friday. US Dollar stays in the negative territory near 96.30. After easing down to 0.7255 in the European morning, the AUD/USD pair took advantage of the broad-based greenback weakness and reversed its course. As of writing, the pair was trading at 0.7288 ...

U.S. Consumer Sentiment Unexpectedly Declines in August

Investing.com – U.S. consumer sentiment unexpectedly dropped in August, according to a report published on Friday. The preliminary publication of the data for August from the University of Michigan's Consumer Survey Center showed that consumer sentiment decreased to 95.3 from 97.9 a mont ...