Wall Street continued its record-setting run on Wednesday, although gains slowed compared with previous sessions, as investors dissected the Federal Reserve’s latest policy announcement. After an uneventful day, the benchmark S&P 500 Index eked out minor gains in the final hour of trading, closing up 0.1% at 2,508.25. That was the index’s fourth consecutive record […]
Wall Street continued its record-setting run on Wednesday, although gains slowed compared with previous sessions, as investors dissected the Federal Reserve’s latest policy announcement. After an uneventful day, the benchmark S&P 500 Index eked out minor gains in the final hour of trading, closing up 0.1% at 2,508.25. That was the index’s fourth consecutive record […]
Following testimony by Federal Reserve Chairwoman Janet Yellen, Wall Street and European stocks surged last week, as investors weighed her dovish commentary. The week also saw an interest rate hike by the Bank of Canada (BOC) and mixed U.S. data releases. Yellen Testimony Dovish U.S. stocks logged multiple record highs after Yellen testified before both […]
The market’s reaction to the latest U.S. jobs data known as the Nonfarm Payroll (NFP) was swift on Friday. As the dollar sold off, traders rallied behind stocks on expectations the Federal Reserve won’t rush to normalize policy in the remainder of the year. NFP Disappoint U.S. employers added just 138,000 workers to payrolls last […]
The Dollar has erased all of its gains following the appointment of Donald Trump as President, in what was Trump’s worst week in office as of yet. Expectations that Trump would increase government spending as well as Tax cuts that would stimulate the economy, were responsible for the Dollar’s strength after he was elected. However, […]
Apple recently announced it would end its relationship with chip designer Imagination Technologies. Shares in the UK firm promptly fell off a cliff, from 165p to 103p in a single day, reducing the company value from around £765m to £250m. It was a harsh and timely reminder that the big boys of tech – Apple, […]
Last week the US President Trump stated on twitter that he will “unveil his major tax reform plan on Wednesday April 26”. Trump intends to dramatically cut corporate tax from the current rate of 35% to 15%, and will likely make tax exemption on US corporate overseas earnings. After the failure of his healthcare bill […]
The very strong relief rally following the French elections caused Stock markets globally to climb upwards. The election outcome was in line with polls, with Pro European Candidate Macron probably gaining the Presidency with a 60% chance on May 7th. With political uncertainty related to the French presidential election cleared (for now at least), focus […]
In France, Emmanuel Macron (independent) and Marine Le Pen (Far right) have come out as the 2 leading candidates of the first round of the presidential elections. The Second round will take place on May 7th with Polls indicating that Pro-EURO Macron will prevail. With the market now partially relieved that FREXIT will not happen […]
U.S. stocks suffered heavy losses this week, while the dollar also fell, as President Donald Trump failed to convince conservatives to support his repeal of Obamacare. The large-cap S&P 500 Index declined 1.4% for the week to end at 2,343.98. It was the index’s second weekly decline and worst settlement since the start of January. […]
The US benchmark stock index, S&P 500 has suffered its steepest loss since October yesterday as the financial markets brace for uncertainties with regard to policies of the United States under Trump administration. However, the stock market is still up more than 9% since the election of Donald Trump Gold rallied to 3 weeks high […]
With the buyout of Vauxhall/Opel, 4,500 British car manufacturing jobs and pensions are on the online. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#207952 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
Global sentiment in stock markets as well as the Dollar has continued to improve following Trump’s speech. Stock markets have continued rising globally posting new record highs Yesterday the DOW Jones rose over 300 points or 1.46% to close at the highest it has ever been. Asian stocks also rose around 1% providing more confidence […]
While it was business as usual for stock markets which set another record high, the Dollar had a U turn trading day as it initially jumped on upbeat US data, only to give up those gains after FED’s Yellen speech Data on Wednesday showed U.S. consumer prices recorded their biggest gain in nearly four years, […]
Traders often speak of the “January Effect” in the markets to describe a phenomenon that typically spurs a seasonal rally in certain types of shares. Investment banker Sidney Watchel first noticed this effect in 1942 but the phenomenon seems to be less pronounced as time goes by since markets are already primed for it. As […]
This week’s highlights will be the FOMC meeting on Wednesday and the January NFP on Friday. The Bank of England meeting on Thursday will also be very important. On FOMC day we expect no change and little extra information given as to future policy. Thursday’s BoE meeting will be very important as it will include […]
The FTSE 100 index is used as the benchmark for measuring the strength of the UK stockmarket, and some commentators have argued it has a natural bias to outperform the wider FT All Share index, because it tends to promote to its ranks those stocks which are in the ascendancy and remove others that are […]
I think that the more important factor is just general uncertainty, that is going to hold the US dollar from rising further. Oren Klachkin, Oxford Economics Related Posts:The dollar has laid out its trump cards, it’s now the euro’s… April 8, 2024 Tug of war. This is what the doves and hawks…US dollar enjoys gains […]
Happy new year to all of you and may the new year bring us a step closer to what all of us are looking for. In the first official trading day of the new year, trading is expected to be subdued due to the lack of major economic news releases. Japan is also still on […]
Today’s main event is undoubtedly the FOMC rate decision which will be accompanied by a statement in regards to future economic projections. The market widely expects the FED to increase US rates by 0.25% so an actual increase will not likely cause a lot of volatility. The main focus of market participants will be the […]
Although the markets are preparing for tomorrow’s elections, today’s focus will the all the Germany and EU data releases including Retail Sales and consumer confidence. After the weekend, which saw the stocks markets close at monthly lows and the USD sold off, the picture was reversed following news that the FBI has cleared Clinton in […]
Today’s economic release features GDP for Q3 in the UK. Markets will also focus on any hints for an OPEC deal as markets have started to lose faith in such a scenario. Yesterday, EIA oil data revealed undersupply, which helped push oil prices 2% after the data. Currencies: Dollar retreated mildly yesterday, however chances for […]
Value investors are constantly on the lookout for underpriced financial assets that could be parlayed into something of much greater value in the future. Although hindsight is always 20/20, it’s extremely difficult to predict which low-priced stock will become the next Microsoft or Apple. Penny stocks – shares that can be traded for under $5 […]
From 12th to 28th October, most S & P 500 constituent companies report corporate earnings. The outperformers so far, include Netflix, Goldman Sachs, Bank of New York Mellon, Johnson and Johnson, and American Airlines. The overall better-than-expected results, lifted US indices. The S & P 500 and the Dow Jones index rose by 1.6% and […]
Alibaba shares have come a long way since their debut in Wall Street in 2014. Price has jumped to the $120 mark before tumbling all the way down to its lows at $57.50 in 2015 then has since climbed 28% year-to-date. What’s next for the Chinese giant and how will it affect global finance? […]
Today’s calendar features a lot of FED speeches including one from Janet Yellen. The big news yesterday was the news that OPEC reached a preliminary agreement on reducing the production of oil. This will be the first oil Production cut since 8 years. In US, Fed chair Janet Yellen said in her semiannual testimony that […]
The Brexit hysteria appears to have died down, which means traders can focus once again on the fundamentals. Perhaps surprisingly, London’s FTSE 100 Index has shot up nearly 14% since the post-Brexit selloff. UK stocks are currently trading at their highest level of the year, and look poised to continue that rally in September. Having […]
WTI Crude Spot The weekly US Crude Oil Inventories figure released yesterday was 2.276 million barrels, less than the previous figure of 2.501, yet surpassing the expectations of 0.921. After the figure was released, the bearish momentum has strengthened. WTI broke the support lines at 46.40, 46.00, and the 38.2% Fibonacci retracement level at 45.67 […]
Yesterday’s UK Holiday kept the markets somewhat calm. JPY was the weakest major currency yesterday due to the expectation of Bank of Japan easing in the near term while the US dollar continues to strengthen against the majors. Looking ahead, UK will release mortgage approvals and M4, US will release consumer confidence during US session later in […]
Here’s what’s going on for the Greenback The EUR/USD on Friday decreased by 0.8%. And on a weekly basis, the world’s most popular currency pair fell by 0.9%. The probability of the Federal Reserve increasing interest during this year have increased according to its Chairwoman Janet Yellen. What lead to this situation: During her annual […]
