ForexLive Asia FX news wrap: Yen weakened into the BOJ statement - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/forexlive-asia-fx-news-wrap-yen-weakened-into-the-boj-statement/
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ForexLive Asia FX news wrap: Yen weakened into the BOJ statement
Forex news for Asia trading
for Friday 18
December 2020 The Bank of Japan concluded
its final monetary policy meting for 2020 today with an 'as
expected' announcement of no changes to the major planks of
monetary easing policy but an...
for Friday 18
December 2020 The Bank of Japan concluded
its final monetary policy meting for 2020 today with an 'as
expected' announcement of no changes to the major planks of
monetary easing policy but an...
GBP/USD testing a fresh Asian session low - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/gbp-usd-testing-a-fresh-asian-session-low/
https://ticktawk.com/gbp-usd-testing-a-fresh-asian-session-low/
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GBP/USD testing a fresh Asian session low
Brexit news dried up during the session here as we head into another UK Friday and another nervous weekend perhaps. Cable has been heavy through the session after its 1.3620-odd highs last hit in US afternoon trade. The most recent...
We Provide more than 15 Trade signals for free to enhance Your Trading strategy so that you can cash potentials market moves. Invite your friends in the group to take advantage it.
TRADE SIGNAL AS ON 18-12-2020
#CADJPY
BUY=81.164
TARGET=81.407
SL=80.945
#BRENT CRUDE OIL
SELL=51.35
TARGET=50.75
SL=52.00
#CHEVRON CORP.
SELL=88.38
TARGET=86.97
SL=88.58
#BTC USD
BUY=22837
TARGET=23618
SL=22091
#DAX 30
BUY=13673.4
TARGET=13800
SL=13457.00
TRADE SIGNAL AS ON 18-12-2020
#CADJPY
BUY=81.164
TARGET=81.407
SL=80.945
#BRENT CRUDE OIL
SELL=51.35
TARGET=50.75
SL=52.00
#CHEVRON CORP.
SELL=88.38
TARGET=86.97
SL=88.58
#BTC USD
BUY=22837
TARGET=23618
SL=22091
#DAX 30
BUY=13673.4
TARGET=13800
SL=13457.00
UK November retail sales -3.8% vs -4.2% m/m expected - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/uk-november-retail-sales-3-8-vs-4-2-m-m-expected/
https://ticktawk.com/uk-november-retail-sales-3-8-vs-4-2-m-m-expected/
Finance News, Economic News, Market News, Stock Market News, Forex news
UK November retail sales -3.8% vs -4.2% m/m expected
Latest data released by ONS - 18 December 2020Prior +1.2%; revised to +1.3%Retail sales +2.4% vs +2.4% y/y expectedPrior +5.8%Retail sales (ex autos, fuel) -2.6% vs -4.0% m/m expectedPrior +1.3%; revised to +1.4%Retail sales (ex autos, fuel)...
Pound falls to fresh lows for the day, Brexit agreement remains elusive - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/pound-falls-to-fresh-lows-for-the-day-brexit-agreement-remains-elusive/
https://ticktawk.com/pound-falls-to-fresh-lows-for-the-day-brexit-agreement-remains-elusive/
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Pound falls to fresh lows for the day, Brexit agreement remains elusive
GBP/USD closes in on 1.3500 in European morning trade For bank trade ideas, check out eFX Plus The quid is hitting fresh lows on the day now with cable easing back towards 1.3500 and testing the 23.6 retracement level of the recent swing higher @...
Ifo sees Germany Q4 2020 GDP at -0.4%, Q1 2021 GDP at +0.6% - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/ifo-sees-germany-q4-2020-gdp-at-0-4-q1-2021-gdp-at-0-6/
https://ticktawk.com/ifo-sees-germany-q4-2020-gdp-at-0-4-q1-2021-gdp-at-0-6/
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Ifo sees Germany Q4 2020 GDP at -0.4%, Q1 2021 GDP at +0.6%
Ifo with estimates on the German economy as the year comes to a closeThat sort of gives some idea on how shallow and fragile the recovery really is right now, although the market is largely looking past this and is more focused on vaccine...
Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent/
https://ticktawk.com/bitcoin-price-must-hit-1-million-for-1-satoshi-to-reach-parity-with-1-cent/
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Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent
Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or “sat”.As more first-time investors pile in to BTC, attention is once again highlighting the fact that many still think...
MARKET OUTLOOK
#Tesla heads to the S&P after a meteoric rise and some investors want more
Shares of the electric vehicle maker are up nearly 700% over the last year, a meteoric rise that has punished short-sellers and turned it into the world's most highly-valued automaker.
The company's formal entry into the S&P 500 on Monday is expected to generate unprecedented activity near the close of trade on Friday as index-tracking funds load up on shares so their portfolios correctly reflect the index.
Still, Wall Street is divided over whether Tesla's days of heady gains are numbered.
Overall, Wall Street analysts have long been skeptical of Tesla. The 35 analysts tracked by Refinitiv have an average price target of $396.30 per share, which would represent a 36% decline from its current price. Yet in a sign of how split Wall Street is on the stock, target prices range from a high of $774 per share by Elazar Advisors to a low of $40 by GLJ Research.
Tesla closed Thursday at $655.90.
Some long-term investors say that they still expect to see #Tesla post-above-average gains due to increasing adoption rates in the global electric vehicle market and its solar energy business. At the same time, investors remain convinced that billionaire Elon Musk, the chief executive of Tesla, will continue to push the company's disruptive technology ahead of its competitors.
"It's become clear this year just how far ahead of the competition the company is in terms of not only its technological abilities but its combination of range and performance at an affordable price," said Gary Robinson, portfolio manager of the Baillie Gifford US Equity Growth fund, who owns the stock.
Tesla will likely prove to have a more profitable business model than its rivals and post accelerating growth rates in its solar business, allowing its stock to more than double over the next 5 years, he said.
Overall, Tesla trades at 175 times its estimated earnings per share over the next 12 months, compared with valuations at 14 times estimated earnings per share for BMW and 16 times estimates earnings for Toyota Motor Corp, according to a research note from JP Morgan.
At the same time, #Tesla is expected to earn $2.29 per share on $30.8 billion in revenue during its current fiscal year, while #GeneralMotors is expected to earn $4.67 per share on $120.7 billion in revenue, according to Refinitiv.
Its inclusion in the #S&P will push the forward price to earnings ratio of the S&P 500 Index up an additional 0.4 times to near its highest valuation in history, according to a note from Goldman Sachs.
"Tesla's multiple of earnings is very high in nominal terms for any company in any industry at any time in history," the firm noted, keeping its $80 price target on the company's shares.
Despite the stock's high valuations, some long-term investors say that they are sticking with the company. "Near term, valuations tend to be less meaningful when you invest in the right teams," said Anthony Zackery, a portfolio manager at Zevenbergen Capital Investments.
Bears still abound in Tesla, focusing on Musk's track record of missed production targets, and on corporate governance risk after Musk was forced to step down as chairman to settle fraud charges in 2018.
Despite handing short sellers $33.8 billion in mark-to-market losses since the start of the year, Tesla remains the company with the most total money bet against it in the U.S. market, according to S3 Partners.
On the technical front, Tesla RSI stood at 67.732 the current price is trading Above All The Moving Average. So a Buy trade can be executed with the following target and stop-loss.
TRADE SIGNAL- #TESLA– BUY:655, TARGET: 705, STOP LOSS: 615.
#Tesla heads to the S&P after a meteoric rise and some investors want more
Shares of the electric vehicle maker are up nearly 700% over the last year, a meteoric rise that has punished short-sellers and turned it into the world's most highly-valued automaker.
The company's formal entry into the S&P 500 on Monday is expected to generate unprecedented activity near the close of trade on Friday as index-tracking funds load up on shares so their portfolios correctly reflect the index.
Still, Wall Street is divided over whether Tesla's days of heady gains are numbered.
Overall, Wall Street analysts have long been skeptical of Tesla. The 35 analysts tracked by Refinitiv have an average price target of $396.30 per share, which would represent a 36% decline from its current price. Yet in a sign of how split Wall Street is on the stock, target prices range from a high of $774 per share by Elazar Advisors to a low of $40 by GLJ Research.
Tesla closed Thursday at $655.90.
Some long-term investors say that they still expect to see #Tesla post-above-average gains due to increasing adoption rates in the global electric vehicle market and its solar energy business. At the same time, investors remain convinced that billionaire Elon Musk, the chief executive of Tesla, will continue to push the company's disruptive technology ahead of its competitors.
"It's become clear this year just how far ahead of the competition the company is in terms of not only its technological abilities but its combination of range and performance at an affordable price," said Gary Robinson, portfolio manager of the Baillie Gifford US Equity Growth fund, who owns the stock.
Tesla will likely prove to have a more profitable business model than its rivals and post accelerating growth rates in its solar business, allowing its stock to more than double over the next 5 years, he said.
Overall, Tesla trades at 175 times its estimated earnings per share over the next 12 months, compared with valuations at 14 times estimated earnings per share for BMW and 16 times estimates earnings for Toyota Motor Corp, according to a research note from JP Morgan.
At the same time, #Tesla is expected to earn $2.29 per share on $30.8 billion in revenue during its current fiscal year, while #GeneralMotors is expected to earn $4.67 per share on $120.7 billion in revenue, according to Refinitiv.
Its inclusion in the #S&P will push the forward price to earnings ratio of the S&P 500 Index up an additional 0.4 times to near its highest valuation in history, according to a note from Goldman Sachs.
"Tesla's multiple of earnings is very high in nominal terms for any company in any industry at any time in history," the firm noted, keeping its $80 price target on the company's shares.
Despite the stock's high valuations, some long-term investors say that they are sticking with the company. "Near term, valuations tend to be less meaningful when you invest in the right teams," said Anthony Zackery, a portfolio manager at Zevenbergen Capital Investments.
Bears still abound in Tesla, focusing on Musk's track record of missed production targets, and on corporate governance risk after Musk was forced to step down as chairman to settle fraud charges in 2018.
Despite handing short sellers $33.8 billion in mark-to-market losses since the start of the year, Tesla remains the company with the most total money bet against it in the U.S. market, according to S3 Partners.
On the technical front, Tesla RSI stood at 67.732 the current price is trading Above All The Moving Average. So a Buy trade can be executed with the following target and stop-loss.
TRADE SIGNAL- #TESLA– BUY:655, TARGET: 705, STOP LOSS: 615.
USDCHF bounces toward its 200 hour MA - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/usdchf-bounces-toward-its-200-hour-ma/
https://ticktawk.com/usdchf-bounces-toward-its-200-hour-ma/
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USDCHF bounces toward its 200 hour MA
Dollar buying helps to push the USDCHF back toward it's 200 hour MAThe USDCHF is bouncing to new session highs as flows head more into the US dollar as stocks move lower from earlier gains.The moved to the upside has the...
Tesla Shares Hit Record After Last-Minute Surge - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/tesla-shares-hit-record-after-last-minute-surge/
https://ticktawk.com/tesla-shares-hit-record-after-last-minute-surge/
Finance News, Economic News, Market News, Stock Market News, Forex news
Tesla Shares Hit Record After Last-Minute Surge
Tesla has benefited greatly from the investor embrace of top technology firms. Photo: alex plavevski/Shutterstock By Gunjan Banerji Close Gunjan Banerji and Michael Wursthorn Close Michael Wursthorn
Updated Dec. 18, 2020...
Updated Dec. 18, 2020...
China’s crypto landscape: How CBDCs drove blockchain adoption in 2020 - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/chinas-crypto-landscape-how-cbdcs-drove-blockchain-adoption-in-2020/
https://ticktawk.com/chinas-crypto-landscape-how-cbdcs-drove-blockchain-adoption-in-2020/
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China’s crypto landscape: How CBDCs drove blockchain adoption in 2020
2020 has been a year full of challenges for the world, but for a country like China with such a large population base and rapid development, it has also been a year of opportunities.On Oct. 24, 2019, China officially upgraded its blockchain...