Gold prices rise as Fed rate tone weakens dollar

Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain. U.S. gold futures were up 0.3 percent at $1,290.8 per ounce. “The weaker dollar and a more dovish Fed are the two most alluring factors for gold,” said Stephen Innes, APAC trading head at OANDA. “The (gold) market is holding back a little as they are concerned the equity market could rally significantly on trade war truce,” Innes said. Palladium 0.4 percent to $1,326.75 per ounce, and was


Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain. U.S. gold futures were up 0.3 percent at $1,290.8 per ounce. “The weaker dollar and a more dovish Fed are the two most alluring factors for gold,” said Stephen Innes, APAC trading head at OANDA. “The (gold) market is holding back a little as they are concerned the equity market could rally significantly on trade war truce,” Innes said. Palladium 0.4 percent to $1,326.75 per ounce, and was
Gold prices rise as Fed rate tone weakens dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: getty images
Keywords: news, cnbc, companies, gold, weekly, 04, trade, weakens, ounce, resistance, prices, tone, rate, rise, term, sachdeva, fed, dollar, seen


Gold prices rise as Fed rate tone weakens dollar

Gold prices climbed on Friday as the dollar fell back on expectations the U.S. central bank may pause interest rates hikes if the U.S. economy slows this year, while investors awaited news on progress in the Sino-U.S. trade talks.

Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain. The yellow metal is up 0.4 percent so far this week.

U.S. gold futures were up 0.3 percent at $1,290.8 per ounce.

“The weaker dollar and a more dovish Fed are the two most alluring factors for gold,” said Stephen Innes, APAC trading head at OANDA.

“There are concerns for the U.S. economy to slow down, perhaps towards the end of 2019 and into 2020, so the markets are pricing rate cuts.”

The dollar slipped against other major currencies, after having rebounded from three-month lows on Thursday following Federal Reserve Chairman Jerome Powell’s comment which suggested the central bank is not done tightening monetary policy just yet.

A partial U.S. government shutdown extended into its 20th day and provided little comfort to the U.S. currency, after President Donald Trump threatened on Thursday to use emergency powers to bypass U.S. Congress to pay for a wall on the U.S.-Mexico border.

“The (gold) market is holding back a little as they are concerned the equity market could rally significantly on trade war truce,” Innes said.

Asian equities inched up to one-month highs, but the rally’s momentum slowed partly as investors sought more clarity on whether the United States and China could make headways on their talks on trade as well as intellectual property rights.

“Dilemma over the U.S.-Sino trade dispute is still raising eyebrows and needs clarity,” said Sugandha Sachdeva, vice-president – metals, energy and currency research, Religare Broking Ltd.

“Once trade issues are resolved, the dollar is likely to remain suppressed, losing its appeal as a safe haven…Gold on the other hand would stand to benefit.”

Also aiding gold’s upward trend are concerns of weakening global growth, further emphasized by somber data out of Switzerland and France on Thursday.

“Gold will likely approach the short term resistance of $1,310 per ounce, from where some profit-booking can be seen,” said Religare Broking’s Sachdeva, adding that near term support can be seen at $1,275 per ounce.

Spot gold is expected to retest a resistance at $1,299 per ounce, with a good chance of breaking above this level and rising further to $1,311, according to Reuters technical analyst Wang Tao.

Palladium 0.4 percent to $1,326.75 per ounce, and was up about 2 percent for the week.

Silver climbed 0.6 percent to $15.65. However, it was poised to snap three sessions of weekly gains.

Platinum was up 0.2 percent at $821.60 per ounce.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: getty images
Keywords: news, cnbc, companies, gold, weekly, 04, trade, weakens, ounce, resistance, prices, tone, rate, rise, term, sachdeva, fed, dollar, seen


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The man who called GE to $6.66 now sees this ahead

Nearly a decade after hitting its financial crisis low of $6.66, GE touched the ominous level last week — and it’s been roaring back ever since. He placed that target on GE stock more than a month earlier in his Nov. 9 appearance on CNBC’s “Trading Nation.” Now that his call has come to fruition, he sees support for the stock if it can clear several technical hurdles. “We were able to hold that 2009 low and that should … limit the downside at least over the near term. GE stock surged 6 percent i


Nearly a decade after hitting its financial crisis low of $6.66, GE touched the ominous level last week — and it’s been roaring back ever since. He placed that target on GE stock more than a month earlier in his Nov. 9 appearance on CNBC’s “Trading Nation.” Now that his call has come to fruition, he sees support for the stock if it can clear several technical hurdles. “We were able to hold that 2009 low and that should … limit the downside at least over the near term. GE stock surged 6 percent i
The man who called GE to $6.66 now sees this ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: keris lahiff, brendan mcdermid, heidi gutman, david paul morris, bloomberg, getty images, michael nagle, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, 666, support, negative, worst, stock, ahead, called, man, trading, restructure, ge, say, resistance, sees, sanchez


The man who called GE to $6.66 now sees this ahead

They say you have to dance with the devil to get out of hell, and that might be what just happened with General Electric.

Nearly a decade after hitting its financial crisis low of $6.66, GE touched the ominous level last week — and it’s been roaring back ever since.

Matt Maley, equity strategist at Miller Tabak, got it right. He placed that target on GE stock more than a month earlier in his Nov. 9 appearance on CNBC’s “Trading Nation.”

Now that his call has come to fruition, he sees support for the stock if it can clear several technical hurdles.

“We were able to hold that 2009 low and that should … limit the downside at least over the near term. However, we’re going to have to see a lot more work and a lot more action in this stock before we can say the worst is behind it for sure,” Maley said Tuesday on “Trading Nation.”

GE stock surged 6 percent in Wednesday’s premarket to $7.72 a share.

Its share price had more than halved since it began the year as of Tuesday’s closing. In just the past three months, it tanked 43 percent. Its swift decline has pushed shares below support levels that could now generate resistance, says Maley.

“The stock fell so far, so fast that any resistance level, for instance, its 50-day moving average and its trend line for 2018, they are much higher than where the stock is now, 25 to 35 percent higher,” he said. “When you want a stock to really confirm that the worst is behind it, you want to see it break a few resistance levels.”

Maley says he’d need to see the stock form a base in the $7 to $8 range to give him a sign that its slump has come to an end. GE is still a 10 percent rally from the upper-end of that range.

Gina Sanchez, CEO of Chantico Global, says the company could rebound but its turnaround efforts will take time.

“We’ve seen a pretty big Hail Mary in terms of their determination to restructure the firm and to restructure the outlook for where they’re going to put their focus but that’s something that takes years to build out,” Sanchez said on “Trading Nation” on Tuesday.

GE is in the middle of a years-long restructuring effort that has included shedding some of its peripheral assets such as finance to whittle itself down to its core industrial operations. However, some of its units, such as its power business, continue to weigh on the company.

“For the time being, it has to survive the negative headlines, and a liquidity crunch is not the kind of negative headline that you want to have, an SEC probe is not the kind of negative headline you want to have, so we’re not out of the woods,” added Sanchez. General Electric said in October the Securities and Exchange Commission was widening its probe of the company’s accounting practices.


Company: cnbc, Activity: cnbc, Date: 2018-12-18  Authors: keris lahiff, brendan mcdermid, heidi gutman, david paul morris, bloomberg, getty images, michael nagle, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, 666, support, negative, worst, stock, ahead, called, man, trading, restructure, ge, say, resistance, sees, sanchez


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Superbugs pose a dangerous, $65 billion threat to the US health-care system

Antimicrobial resistance is a large and growing problem, with the potential for enormous health and economic consequences for the United States and the rest of the world. On average, about 29,500 persons die each year in the United States from infections related to eight resistant bacteria. By 2050 it is estimated that antimicrobial resistance will kill about 1 million people in the United States. The economic toll of this superbug crisis is huge: In the United States alone the health-care costs


Antimicrobial resistance is a large and growing problem, with the potential for enormous health and economic consequences for the United States and the rest of the world. On average, about 29,500 persons die each year in the United States from infections related to eight resistant bacteria. By 2050 it is estimated that antimicrobial resistance will kill about 1 million people in the United States. The economic toll of this superbug crisis is huge: In the United States alone the health-care costs
Superbugs pose a dangerous, $65 billion threat to the US health-care system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: nasos koukakis, special to cnbccom, dtkutoo, istock, getty images, -michele cecchini, senior health economist, policy analyst
Keywords: news, cnbc, companies, superbugs, pose, antimicrobial, life, dangerous, resistant, 2050, states, billion, resistance, oecd, bacteria, infections, 65, threat, united, healthcare, system


Superbugs pose a dangerous, $65 billion threat to the US health-care system

Antimicrobial resistance is a large and growing problem, with the potential for enormous health and economic consequences for the United States and the rest of the world. According to a new OECD report, released Wednesday, superbug infections could cost the lives of about 2.4 million people in North America, Europe and Australia over the next 30 years unless more is done to stem antibiotic resistance.

On average, about 29,500 persons die each year in the United States from infections related to eight resistant bacteria. By 2050 it is estimated that antimicrobial resistance will kill about 1 million people in the United States.

The economic toll of this superbug crisis is huge: In the United States alone the health-care costs dealing with antimicrobial resistance could reach $65 billion by 2050, according to the OECD report. That is more than the flu, HIV and tuberculosis. If projections are correct, resistance to backup antibiotics will be 70 percent higher in 2030 compared to 2005 in OECD countries. In the same period, resistance to third-line treatments will double across EU countries.

The bottom line: Between 2015 and 2050, antimicrobial resistance would cost about $3.5 billion per year to the health-care services of the 33 countries included in the analysis. The impact on quality of life, measured through disability-adjusted life years, will be even larger, with up to 1 out of every 232 individuals losing one year of life in good health because of antimicrobial resistance in the OECD countries.

Earlier this year, the U.S. Centers for Disease Control and Prevention warned it had detected 221 strains of a rare breed of “nightmare bacteria.” This bacteria is virtually untreatable by antibiotics and have special genes that enable them to spread their resistance to other germs. Nightmare bacteria is particularly deadly in the elderly and people with chronic illnesses. The probability of developing a resistant infection is also significantly higher for children up to 12 months of age, and men are also more likely to develop resistant infections than women. Nearly half of the resulting infections prove fatal.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: nasos koukakis, special to cnbccom, dtkutoo, istock, getty images, -michele cecchini, senior health economist, policy analyst
Keywords: news, cnbc, companies, superbugs, pose, antimicrobial, life, dangerous, resistant, 2050, states, billion, resistance, oecd, bacteria, infections, 65, threat, united, healthcare, system


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Google employee protests as part of new tech resistance

Unions are nearly non-existent for white-collar tech workers, who typically enjoy large salaries, cushy perks and plenty of career mobility thanks to their high-demand skills. Wendy Liu, the economics editor of UK-based publication “New Socialist” and a former Google employee, says that the protests overall were “incredibly inspiring” as the idea of employee dissent spreads in Silicon Valley. “For tech workers to even think of themselves as workers — with the implication that their class interes


Unions are nearly non-existent for white-collar tech workers, who typically enjoy large salaries, cushy perks and plenty of career mobility thanks to their high-demand skills. Wendy Liu, the economics editor of UK-based publication “New Socialist” and a former Google employee, says that the protests overall were “incredibly inspiring” as the idea of employee dissent spreads in Silicon Valley. “For tech workers to even think of themselves as workers — with the implication that their class interes
Google employee protests as part of new tech resistance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-03  Authors: jillian donfro, michelle castillo
Keywords: news, cnbc, companies, tech, employees, google, tvcs, typically, direct, protests, employee, union, resistance, silicon, workers


Google employee protests as part of new tech resistance

Collective bargaining hasn’t traditionally had a place in Silicon Valley. Unions are nearly non-existent for white-collar tech workers, who typically enjoy large salaries, cushy perks and plenty of career mobility thanks to their high-demand skills.

Wendy Liu, the economics editor of UK-based publication “New Socialist” and a former Google employee, says that the protests overall were “incredibly inspiring” as the idea of employee dissent spreads in Silicon Valley.

“For tech workers to even think of themselves as workers — with the implication that their class interests may run counter to that of their bosses — is an exciting development,” she says.

“Tech companies often try to get employees to see themselves as ‘team members,’ and part of a ‘family’ who should feel love and even gratitude for their company.”

She, too, felt that way when she was at Google, she says, before realizing how unhealthy that dynamic was for workers.

On Thursday, Google employees borrowed tactics from historical labor organizing. In their statement of demands, the protest’s leading organizers linked themselves to movements like the teachers strike in West Virginia and the “Fight for $15” demonstrations by fast-food workers.

Indeed, the San Francisco demonstration was even held in Harry Bridges Plaza — Bridges was an influential union leader in the early 20th century — and speakers spoke of his and other examples of historical labor organizing. Demonstrators in San Francisco also talked about the simultaneous union strikes by Marriott employees.

Blue-collar workers at major tech companies, like Facebook’s cafeteria workers and Bay Area security guards, have started unionizing over the past several years. In another sign of the burgeoning “new tech resistance,” organizers of Google’s protests were deliberate about including those contract workers in their demands.

Tech firms are increasingly hiring contractors, vendors, and temps (TVCs), which can boost profits and speed up hiring. However, those workers typically make less, shoulder higher benefits costs, and lack the job security of direct employees. Earlier this year, Bloomberg reported the astounding stat that Alphabet employed more TVCs than direct employees. No small feat, as Alphabet had 85,050 direct staffers at the time.


Company: cnbc, Activity: cnbc, Date: 2018-11-03  Authors: jillian donfro, michelle castillo
Keywords: news, cnbc, companies, tech, employees, google, tvcs, typically, direct, protests, employee, union, resistance, silicon, workers


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Apple could rally another 11 percent to record highs, says technician

Its shares have ripped 22 percent higher during the past three months, pushing it to all-time highs to top out the Dow. One technician says it could rally even higher before hitting its next resistance level. A move to $250 represents an 11 percent rally for Apple shares from current levels and a 48 percent gain for the year. In fact, Gilbert has seen overall increased interest in the use of options for Apple. “This is one year where we’re starting to see investors get really interested in ownin


Its shares have ripped 22 percent higher during the past three months, pushing it to all-time highs to top out the Dow. One technician says it could rally even higher before hitting its next resistance level. A move to $250 represents an 11 percent rally for Apple shares from current levels and a 48 percent gain for the year. In fact, Gilbert has seen overall increased interest in the use of options for Apple. “This is one year where we’re starting to see investors get really interested in ownin
Apple could rally another 11 percent to record highs, says technician Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: keris lahiff, source, boeing co, john gress, jie zhao, corbis, getty images, david paul morris, bloomberg, kcna
Keywords: news, cnbc, companies, trading, investors, 250, rally, shares, options, highs, really, technician, apple, resistance, 11, record, gilbert


Apple could rally another 11 percent to record highs, says technician

Apple had an unstoppable summer.

Its shares have ripped 22 percent higher during the past three months, pushing it to all-time highs to top out the Dow.

One technician says it could rally even higher before hitting its next resistance level.

“If we quantify the rally that we’ve seen, we’re going all the way back to 2013, very nice and symmetrical and rhythmical pattern here within a parallel channel. We’re not going to start to hit resistance until about $250,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Thursday. Apple finished the trading day at $224.95 a share.

On the daily chart, “we have a nice move up, a little bit of consolidation here and then this channel resistance,” Gordon said. “That’s going to come in at $250.”

A move to $250 represents an 11 percent rally for Apple shares from current levels and a 48 percent gain for the year.

Gordon is using options to take advantage of expected resistance at $250. His strategy is to use a call butterfly – long a $230 call, shorting the $240 call, and long the $250 call with Nov. 2 expiration. Gordon would reap maximum profit if the calls expired with shares at $240.

Stacey Gilbert, market strategist at Susquehanna, says the move makes sense but cautions investors to do the research on this kind of options strategy.

“One thing with a butterfly, … it really is a distributional play,” Gilbert said on “Trading Nation.” “You’re really saying here’s where I think the stock will end up, it’s nothing that can really be traded. It’s one that you really have to have that opinion and that specific strike and that specific time perfectly.”

Based on Gordon’s technical analysis, Gilbert says his call butterfly trade could be a good play. In fact, Gilbert has seen overall increased interest in the use of options for Apple.

“This is one year where we’re starting to see investors get really interested in owning the options,” said Gilbert. “For investors who are concerned that they’re too late to the party, buying a call in Apple, even from a volatility perspective, does not look crazy.”


Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: keris lahiff, source, boeing co, john gress, jie zhao, corbis, getty images, david paul morris, bloomberg, kcna
Keywords: news, cnbc, companies, trading, investors, 250, rally, shares, options, highs, really, technician, apple, resistance, 11, record, gilbert


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Shares of Boeing are set to soar, says trader

Boeing shares started 2018 on fire, rallying 20 percent in January. On a chart of Boeing, Gordon notes that the stock recently broke through a downward trend that served as resistance through the summer. Gordon is looking for Boeing to return to its highs reached in early June, which was around $375. This means that should Boeing close below $365 on Oct. 19 expiration, then Gordon would lose the $293 he paid for the trade. But should Boeing close above $375 on Oct. 19 expiration, he could make a


Boeing shares started 2018 on fire, rallying 20 percent in January. On a chart of Boeing, Gordon notes that the stock recently broke through a downward trend that served as resistance through the summer. Gordon is looking for Boeing to return to its highs reached in early June, which was around $375. This means that should Boeing close below $365 on Oct. 19 expiration, then Gordon would lose the $293 he paid for the trade. But should Boeing close above $375 on Oct. 19 expiration, he could make a
Shares of Boeing are set to soar, says trader Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: annie pei, andrew matthews – pa images, pa images, getty images, daniel acker, bloomberg, adam jeffery, gabriel bouys, afp, kcna
Keywords: news, cnbc, companies, monthly, soar, boeing, oct, 293, resistance, close, chart, expiration, gordon, trader, return, shares, set


Shares of Boeing are set to soar, says trader

From hot to not.

Boeing shares started 2018 on fire, rallying 20 percent in January. But it’s been in a holding pattern ever since, registering a scant return of 0.13 percent since Jan. 31. Now, one chart watcher says Boeing is about to throttle foward again.

“Boeing has been in consolidation for a long period of time, and it looks like we’re ready to move up,” Todd Gordon, founder of TradingAnalysis.com, said Thursday on CNBC’s “Trading Nation.”

On a chart of Boeing, Gordon notes that the stock recently broke through a downward trend that served as resistance through the summer.

That leads Gordon to believe that the former resistance at $353 is now the stock’s new support level, and Boeing will rally. It closed on Thursday at $355.46 a share.

Gordon is looking for Boeing to return to its highs reached in early June, which was around $375.

As a result, Gordon wants to buy the October monthly 365-strike calls and sell the October monthly 375-strike calls for a total of $2.93, or $293 per options contract. This means that should Boeing close below $365 on Oct. 19 expiration, then Gordon would lose the $293 he paid for the trade. But should Boeing close above $375 on Oct. 19 expiration, he could make a maximum reward of $707.

Shares of the Dow component are up 21 percent on the year.


Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: annie pei, andrew matthews – pa images, pa images, getty images, daniel acker, bloomberg, adam jeffery, gabriel bouys, afp, kcna
Keywords: news, cnbc, companies, monthly, soar, boeing, oct, 293, resistance, close, chart, expiration, gordon, trader, return, shares, set


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Gold falls on technical resistance, U.S.-China trade war fears

Gold prices edged lower on Wednesday as a key technical resistance acted as a deterrent for the metal and the yuan weakened against the dollar on fears the U.S.-China trade war could escalate. Spot gold was down 0.3 percent at $1,194.08 an ounce at 0406 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. This has also weakened the yuan, making gold expensive in the world’s biggest consumer, China. Gold has been stuck in a $20 price range over the past two weeks, with investors l


Gold prices edged lower on Wednesday as a key technical resistance acted as a deterrent for the metal and the yuan weakened against the dollar on fears the U.S.-China trade war could escalate. Spot gold was down 0.3 percent at $1,194.08 an ounce at 0406 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. This has also weakened the yuan, making gold expensive in the world’s biggest consumer, China. Gold has been stuck in a $20 price range over the past two weeks, with investors l
Gold falls on technical resistance, U.S.-China trade war fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-12
Keywords: news, cnbc, companies, worlds, war, ounce, fears, trade, yuan, technical, uschina, gold, falls, weakened, resistance, investors, song


Gold falls on technical resistance, U.S.-China trade war fears

Gold prices edged lower on Wednesday as a key technical resistance acted as a deterrent for the metal and the yuan weakened against the dollar on fears the U.S.-China trade war could escalate.

Spot gold was down 0.3 percent at $1,194.08 an ounce at 0406 GMT, after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday.

U.S. gold futures were down 0.3 percent at $1,198.90 an ounce.

“There is some selling pressure on the renminbi, which is affecting gold. Also, people are reluctant to buy as $1,200 is acting as a strong resistance,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers, Hong Kong.

Verbal sparring between Washington and Beijing continued on Tuesday, unnerving investors over the months-long escalation in trade tensions between the world’s two biggest economies.

The trade conflict has prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute. This has also weakened the yuan, making gold expensive in the world’s biggest consumer, China.

Gold has been stuck in a $20 price range over the past two weeks, with investors looking for technical breakouts for clues on further movements.

“It seems the sideways price action will persist ahead of the Federal Reserve interest rate decision,” said David Song, a currency analyst at DailyFX, adding a hawkish rate-hike from the Fed was likely to reinforce a long-term bearish outlook for gold.

The U.S. central bank is widely anticipated to raise the benchmark interest rate at its September meeting and expectations are growing for one more hike in December on the back of positive economic data.

Higher rates increase bond yields, making non-yielding bullion less attractive, and tend to boost the dollar.

“Gold remains vulnerable to further losses as the inverse relationship between the precious metal and the greenback continues to materialize and our client sentiment report shows retail traders are still long on bullion,” Song said.

Spot gold may retest a support at $1,188 per ounce, according to Reuters technical analyst Wang Tao.

Among other precious metals, spot silver was nearly flat at $14.09 per ounce, having hit its lowest since January 2016 at $13.90 in the previous session.

Platinum gained 0.1 percent to $788.40 per ounce, while palladium lost 0.4 percent to $970.75.


Company: cnbc, Activity: cnbc, Date: 2018-09-12
Keywords: news, cnbc, companies, worlds, war, ounce, fears, trade, yuan, technical, uschina, gold, falls, weakened, resistance, investors, song


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Analysis suggests Hong Kong’s market is set to decline

Hong Kong’s Hang Seng Index has broken two significant support features, suggesting a continuation of its downtrend —with a downside target near 25,200. The first significant support feature to be broken is the historical support resistance level near 28,000. This is a long projection of the trend line, but it can at times provide a future support level. The 25,200 level has acted as a strong resistance level in 2014, 2015 and in 2017. A move above resistance near 28,000 shows consolidation near


Hong Kong’s Hang Seng Index has broken two significant support features, suggesting a continuation of its downtrend —with a downside target near 25,200. The first significant support feature to be broken is the historical support resistance level near 28,000. This is a long projection of the trend line, but it can at times provide a future support level. The 25,200 level has acted as a strong resistance level in 2014, 2015 and in 2017. A move above resistance near 28,000 shows consolidation near
Analysis suggests Hong Kong’s market is set to decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: daryl guppy, isaac lawrence, afp, getty images
Keywords: news, cnbc, companies, fall, trend, level, market, target, analysis, near, support, suggests, kongs, line, traders, set, decline, resistance, hong, trading


Analysis suggests Hong Kong's market is set to decline

Hong Kong’s Hang Seng Index has broken two significant support features, suggesting a continuation of its downtrend —with a downside target near 25,200.

The Hang Seng has the appearance of a “head and shoulders” pattern, but that isn’t valid. The right shoulder of the pattern is created by just two days of activity. The reversal is too small and too brief to be considered as a left shoulder development.

The first significant support feature to be broken is the historical support resistance level near 28,000. That is the upper edge of a trading band projection. The lower edge of the trading is the current downside target level.

The price fall below 28,000 was not a clear fall. There was consolidation around this level, and the potential for a rally rebound to develop. However, the fall below the second support feature has confirmed the downtrend.

The second support feature is the uptrend line that is projected from the anchor points in February, July and December of 2016. This is a long projection of the trend line, but it can at times provide a future support level.

The current move is a fall below the line, followed by a small rebound and retest of the line as a resistance level. The second retreat from the line confirms the continuation of the downtrend.

It is significant that the value of the trend line matches the value of the support level and that increases the significance of the fall below the two features.

The downside target is set using the width of the trading bands. The 25,200 level has acted as a strong resistance level in 2014, 2015 and in 2017. Traders will watch for consolidation to develop near the 25,200 level.

We use the ANTSSYS trading method to extract good returns from the potentially fast fall as the retreat develops. Traders will cover shorts near 25,200. A move above resistance near 28,000 shows consolidation near that level, but it is not a signal for a new rally uptrend.

Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial Traders, which can be found at www.guppytraders.com. He is a regular guest on CNBC Asia Squawk Box. He is a speaker at trading conferences in China, Asia, Australia and Europe. He is a special consultant to AxiCorp.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.


Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: daryl guppy, isaac lawrence, afp, getty images
Keywords: news, cnbc, companies, fall, trend, level, market, target, analysis, near, support, suggests, kongs, line, traders, set, decline, resistance, hong, trading


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Political resistance isn’t stopping Chinese investors from snapping up property around the world

Mainland Chinese buyers are expected to snap up an increasing amount of overseas real estate this year — even despite political resistance and sensitivity about such investments around the world. More drastically, New Zealand has banned many foreigners from buying existing homes as its government attempts to improve the affordability of residential property. Formerly, U.S. investors were seen as putting upward pressure on New Zealand property prices, but their interest has been dwarfed by a more


Mainland Chinese buyers are expected to snap up an increasing amount of overseas real estate this year — even despite political resistance and sensitivity about such investments around the world. More drastically, New Zealand has banned many foreigners from buying existing homes as its government attempts to improve the affordability of residential property. Formerly, U.S. investors were seen as putting upward pressure on New Zealand property prices, but their interest has been dwarfed by a more
Political resistance isn’t stopping Chinese investors from snapping up property around the world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-07  Authors: huileng tan, zhang peng, lightrocket, getty images
Keywords: news, cnbc, companies, property, world, chinese, law, markets, investors, political, mainland, snapping, stopping, billion, buyers, prices, resistance, isnt, residential


Political resistance isn't stopping Chinese investors from snapping up property around the world

Mainland Chinese buyers are expected to snap up an increasing amount of overseas real estate this year — even despite political resistance and sensitivity about such investments around the world.

Chinese investments from infrastructure to property buying have been political hot potatoes during elections and beyond, with newly elected governments — such as Malaysia’s — injecting uncertainty into projects and private residential projects viewed to be aimed at foreigners, many of whom are from mainland China.

More drastically, New Zealand has banned many foreigners from buying existing homes as its government attempts to improve the affordability of residential property. Formerly, U.S. investors were seen as putting upward pressure on New Zealand property prices, but their interest has been dwarfed by a more recent influx of Chinese buyers.

Despite the global resistance, mainland Chinese residential and commercial international property purchases in 2017 reached a new record of $119.7 billion, up 18.1 percent from the $101.4 billion in 2016, according to an annual report from Juwai, an online Chinese real estate portal.

Since 2010, Chinese investors have acquired international property totaling more than $430 billion, the report added. Juwai expects mainland Chinese commercial and residential property investment to increase 3 to 8 percent this year from a year ago, bringing investment amounts up to $123.3 billion to $129.3 billion globally.

The concerns about such investment include mainlanders’ demand driving property prices up too much for domestic home buyers, and having a large Chinese population that holds increasing sway over local issues. One insider at a Chinese property company insisted, however, that investors coming from the world’s second-largest economy have just had a stroke of “bad luck” in shouldering the blame for market forces.

“The markets where concern about foreign buyers (have) been greatest are those with a combination of factors, usually including high population growth, constraints that limit the construction of new housing, cheap and available mortgage credit, and rapid price gains,” said Carrie Law, CEO and director of Juwai.

“Foreign and especially Chinese buyers have just had the bad luck of becoming visible in markets around the globe at the same time as interest rates hit extraordinary lows. Low rates, of course, lead to higher prices and hot markets, meaning that affordability fell,” Law told CNBC.

In fact, a large proportion of the price surges in large cities were driven by local investors and lenders, Law added.


Company: cnbc, Activity: cnbc, Date: 2018-09-07  Authors: huileng tan, zhang peng, lightrocket, getty images
Keywords: news, cnbc, companies, property, world, chinese, law, markets, investors, political, mainland, snapping, stopping, billion, buyers, prices, resistance, isnt, residential


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‘I am part of the resistance’ anonymous Trump White House official writes in extraordinary NYT op-ed

Anyone who works with him knows he is not moored to any discernible first principles that guide his decision making.” In a written statement, the White House accused the author of the op-ed of being a “coward” and called on him to resign. “He is not putting country first, but putting himself and his ego ahead of the will of the American people. But Trump frequently rails against the use of anonymous sources, most recently last week, when he tweeted. And while the op-ed is unlikely to change the


Anyone who works with him knows he is not moored to any discernible first principles that guide his decision making.” In a written statement, the White House accused the author of the op-ed of being a “coward” and called on him to resign. “He is not putting country first, but putting himself and his ego ahead of the will of the American people. But Trump frequently rails against the use of anonymous sources, most recently last week, when he tweeted. And while the op-ed is unlikely to change the
‘I am part of the resistance’ anonymous Trump White House official writes in extraordinary NYT op-ed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-05  Authors: christina wilkie, kevin lamarque
Keywords: news, cnbc, companies, nyt, statement, oped, putting, writes, right, way, extraordinary, president, anonymous, official, decision, house, trump, coward, resistance, white


'I am part of the resistance' anonymous Trump White House official writes in extraordinary NYT op-ed

“The root of the problem,” the author writes, “is the president’s amorality. Anyone who works with him knows he is not moored to any discernible first principles that guide his decision making.”

In a written statement, the White House accused the author of the op-ed of being a “coward” and called on him to resign.

“He is not putting country first, but putting himself and his ego ahead of the will of the American people. This coward should do the right thing and resign,” the statement said.

But Trump frequently rails against the use of anonymous sources, most recently last week, when he tweeted. “When you see ‘anonymous source,’ stop reading the story, it is fiction!”

In explaining its decision, the Times wrote atop the column, “We believe publishing this essay anonymously is the only way to deliver an important perspective to our readers.”

One of the more striking passages in the column refers to the 25th Amendment, which provides a means by which a president who is incapable of fulfilling the duties of the presidency can be removed from office, and the vice president can assume the presidency.

Given the instability many witnessed, there were early whispers within the cabinet of invoking the 25th Amendment, which would start a complex process for removing the president. But no one wanted to precipitate a constitutional crisis. So we will do what we can to steer the administration in the right direction until — one way or another — it’s over.

And while the op-ed is unlikely to change the opinion of Trump’s biggest supporters, it could hardly have come at a more inopportune time for the White House.

Trump and his allies on Wednesday were still reeling from the publication on Tuesday of excerpts from journalist Bob Woodward’s forthcoming book, “Fear,” which contains dozens of vignettes and quotes from current and former Trump officials that paint the president in a startlingly negative light.


Company: cnbc, Activity: cnbc, Date: 2018-09-05  Authors: christina wilkie, kevin lamarque
Keywords: news, cnbc, companies, nyt, statement, oped, putting, writes, right, way, extraordinary, president, anonymous, official, decision, house, trump, coward, resistance, white


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