August 5, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD Volatility was low for the EUR/USD at the beginning of the week. The pair was ranging within a 20 pip channel suggesting that traders were waiting for more data to see the direction of the pair. We expect higher volatility today as Spanish and […]
After a shaky start to Monday’s session US indices rose yesterday afternoon, with the S&P500 and NASDAQ up 0.7% and the DOW up by nearly 0.5%. However, this rebound did not extend to the Asian session, with the Nikkei closing down by around 1%, the Hang Seng down 0.2% and the Shanghai Composite down by […]
European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies. Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later […]
European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies. Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later […]
August 4, 2014 – Indices News Friday’s Non- farm Payroll figure disappointed the market as it came out below expectations. The U.S. economy added 209,000 jobs during the month of July. This was still slightly positive as it was the sixth month that jobs increased by over 200,000 but missed the forecast. The unemployment rate […]
August 4, 2014 – Forex News Today’s Hot Asset: EUR/USD EUR/USD The EUR/USD traded in a very narrow channel between 1.3415 and 1.3430 today as volatility was low. This was due to the fact that there were no important economic events today as so movement was causing by technical trading following Friday’s Non – […]
August 4, 2014 – Stock Market News Today’s Hot Asset – HSBC Holdings Stocks in Asia traded mainly higher throughout the early trading session this morning. The only region within Asia to trade lower was in Japan. Besides that the rest of the region traded higher as investors took advantage of the many oversold assets […]
August 4, 2014 – Weekly News WEEKLY REPORT 04/08-08/08 EUR/USD Last week the EUR/USD fell to its lowest level since November 2013 after a range of economic data. The Eurozone CPI was lower than expected and increased by its slowest pace since 2009. This added more pressure onto the European Central Bank to implement tools […]
Asian Stocks Equities markets in the Asian region was seen swinging between losses and gains on Monday as investors digested the lower-than-forecasted US jobs data and China’s official PMI for the services sector. Japan The Japanese benchmark 225 index fell 0.31% lower, closing at 15,474.50 points, while Tokyo’s Topix index slid 0.40% to 1,276.19 points. […]
August 4, 2014 – Daily Market News Friday’s Non- farm Payroll figure disappointed the market as it came out below expectations. The U.S. economy added 209,000 jobs during the month of July. This was still slightly positive as it was the sixth month that jobs increased by over 200,000 but missed the forecast. The unemployment […]
Big news out of Portugal over the weekend, as the Portuguese government has moved to take control of Espirito Santo in a €4.9 billion bailout which will see the majority of the lender’s assets moved to a new company called Novo Banco (or New Bank). What a difference a week can make; on Thursday 24th […]
European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes. Closer home, traders await UK […]
European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes. Closer home, traders await UK […]
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Asian Stocks Asian stocks were seen mainly falling on Friday as the strong Chinese manufacturing activity data failed to boost sentiment. The Japanese Nikkei 225 index fell 0.63%, closing at 15,523.11, while Tokyo’s Topix index gained 0.63% to 1,281.30. The Japanese ceramics company NGK Insulators rallied 10.94% after the company posted a rise in its […]
August 1, 2014 – Forex News EUR/USD The EUR/USD tried to move above 1.3400 several times yesterday, however, the pair did not succeed and always reversed back down. The Euro decreased following the disappointing EU Flash CPI which showed inflation to slow and rise by 0.4%, instead of the expected 0.5%. Low inflation is adding […]
August 1, 2014 – Indices News U.S. stocks declined strongly with trading volume much higher than usual. The S&P 500 dropped 2% and the Nasdaq lost 2.09%. The Dow Jones erased its yearly gains by dropping 1.88%, experiencing its largest one-day retreat since the 3rd of February . The bearish sentiment was triggered by […]
August 1, 2014 – Daily Market News Today’s Hot Assets: USD, Gold U.S. stock finished sharply lower following mixed data and a default in Argentina. Initial jobless claims rose less than expected and the Chicago PMI dropped at its highest rate since 2008. Trading volume was much higher than usual and the S&P 500 closed […]
July trading ended on a sour note on Thursday, with markets plunging worldwide as Argentina’s debt default, Russian tension, Portuguese banking fears and a highly negative Chicago Purchasing Managers Index Reading (52.6) all came together in an unholy mix, with markets giving up all gains made over the course of the month – and in […]
August 1, 2014 – Stock Market News Today’s Hot Asset – Mastercard Stocks in Europe traded mixed to lower during an interesting session yesterday. Investors in Europe started the session in a positive mood following the release of positive German and French data. However, the mood changed as the session progressed as investors started to […]
European markets have opened in the red as a broad overnight sell-off on Wall Street continued to weigh on investors’ sentiment. Closer home, market participants will eye today’s Markit manufacturing Purchasing Managers’ Index (PMI) which is widely expected to show a marginal decline in July. Additionally, traders keenly await US non-farm payrolls data which is […]
European markets have opened in the red as a broad overnight sell-off on Wall Street continued to weigh on investors’ sentiment. Closer home, market participants will eye today’s Markit manufacturing Purchasing Managers’ Index (PMI) which is widely expected to show a marginal decline in July. Additionally, traders keenly await US non-farm payrolls data which is […]
July 31, 2014 – Indices News Asian markets have been mixed today after posting record gains earlier this week. Leading the downside were tech stocks, with giants like Samsung and Nintendo falling 3.7% and 6.5% respectively due to worse than expected sales and income. Further encumbering Asian indices has been anxiety over a potential interest […]
Stocks in the Asian region were seen swinging in between gains and losses on Thursday, after the US released its economic growth report for the second quarter and the Federal Reserve (Fed) statement. Meanwhile Samsung Electronics and Nintendo shares dropped after posting lower second quarter figures. Asian Stocks The Japanese benchmark Nikkei 225 index slid […]
The following article was adapted from Robert Prechter’s June 2014 issue of The Elliott Wave Theorist, one of the longest-running investment letters in the business, continuously published monthly since 1979. Figure 1 shows the stock market’s waves from 1693 to the present. The circled Roman numerals denote waves of Grand Supercycle degree, the largest complete […]
July 31, 2014 – Daily Market News Today’s Hot Assets: CAD, USD U.S. data was mixed yesterday. The ADP Non- farm Employment Change was worse than expected but GDP increased by an impressive 4%. The data spurred demand for the U.S. Dollar as many investors then expected a positive FOMC Statement. During the meeting a […]
Debt negotiations between Argentina and a group of hedge funds fell through yesterday, with S&P subsequently declaring that Argentina was effectively in default and downgrading the country’s credit rating accordingly, from CCC- to ‘selective default’. There are likely to be fears about a potential run on the country’s $29 billion of international bonds, with investors […]
July 31, 2014 – Stock Market News Today’s Hot Asset – Exxon Mobil Stocks in Asia traded slightly lower during the early trading session today. Today’s session was rather quiet as investors prepare themselves for the upcoming fundamental data releases. Samsung Electronics had a particularly bad session, as they witnessed their share price devalue by […]
European markets have opened mostly higher today. Traders await a raft of European economic releases and corporate earnings updates due later today. Closer home, GfK reported that consumer confidence in the UK deteriorated in July while a Bank of England policymaker, Ben Broadbent, highlighted the possibility for an earlier-than-expected interest rate hike. Later today, Eurozone […]
