Asian Stocks Asian stocks were seen trading higher on Thursday as the US posted a weak GDP data for the first quarter supporting speculating that quantitative easing could be around for longer in the US. Japan The Japanese benchmark Nikkei 225 index gained 0.25%, closing at 15,305.00 points, while Tokyo’s Topix index added 0.22% at […]
Trader, author and technical analyst, Mercedes Van Essen sees gold going to $1,300 before turning down to around $1,200, possibly below that. She says the longer term cyclical pattern supports one more downward move before a significant move to the upside at which point she thinks it will go up to around $2,400. When it […]
Charting the markets: The most coveted currency among traders, but can cable’s rally continue? Technical Analyst Nicole Elliott says there is a really big stumbling block around $1.70. She wants to see it close comfortably above that level on June 30 before she can be confident the bull run will continue. If it does then […]
The proposed merger between Carphone Warehouse and Dixons Retail is now cleared for completion. Bryan Roberts from Kantar Retail says that there is a long term plan for the two companies to enable greater connectivity between smart phones and consumer goods. investment advice and IG accepts no responsibility for any use that may be made […]
Brian Roberts from Kantar Retail tells IG that the the £3.8 billion merger between Dixons and Carphone Warehouse would benefit both parties equally as there was no “competitive overlap” between the two operations. He also believes that the deal is centred around the “anticipation” of “connectivity”. This is the long term assumption that consumers will […]
June 26, 2014 – Daily Market News Today’s Hot Asset: USD U.S. stocks fell at the open following weak U.S. data. Core Durable Goods Orders declined 1% during the past month and GDP declined 2.9% during the past quarter. However, investors later shrugged off the data and the S&P 500 closed 0.49% and the Dow […]
June 26, 2014 – Forex News Hot Asset For Today: USD/JPY The EUR/USD has been ranging in the upward direction after climbing substantially yesterday due to worse than expected US GDP data. At the moment, significant movement is limited by the lack of data affecting the pair. At 12:30 GMT, Initial Jobless claims data and Personal […]
June 26, 2014 – Stock Market News Today’s Hot Asset – Google Stocks in Asia traded traded slightly higher during this mornings trading session. Investors in Asia were buoyed by the overnight performance of equities within the U.S. markets. This immediately gave investors an appetite to invest in a few riskier assets during today’s session […]
European equity markets staged a mild rebound Thursday morning amid gains in Asian and US markets overnight. Traders are now focusing on some key US economic data releases in the form of jobless claims and inflation for further clues over the health of the world’s largest economy. Major benchmarks in Europe are rebounding from a […]
European markets have opened in positive territory today, tracking overnight gains on Wall Street, as weak US GDP data eased concerns over an early interest rate hike in the country. Closer home, investors will keep a close eye on the Bank of England’s financial stability report and Governor Mark Carney’s speech due later today. Additionally, […]
June 26, 2014 – Indices News Asian markets have gone down today amid tension in the Middle East, which has damped risk appetite for the time being. Investors in Asia are mostly worried about a potential rise in oil prices. Given the region’s dependency on foreign oil, any price shock could be devastating. Though consumer […]
June 25, 2014 – Daily Market News Today’s Hot Asset: USD U.S. stocks declined due to a selloff of stocks. It looks as though markets are taking a break although some investors believe that it could be a result of increased violence in Iraq. At session close the S&P 500 was 0.64% lower and the […]
Stocks – Asia Stocks in Asia fell on Wednesday, tracking losses in the US overnight while the market focus on the ongoing tensions in Iraq. Japan The Japanese benchmark Nikkei 225 index slid 0.71%, closing at 15,266.61 points, while Tokyo’s Topix gauge edged 0.43% lower, closing at 1,262.90 points. Shares in the material manufacturing company […]
June 25, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD pair has continued its sideways movement. We can see that despite stronger economic data from U.S. and weaker data from EU, market see the price around 1.36. Investors are probably afraid of quite dovish policy of Fed and their previous statements and […]
Equity markets in Europe post modest losses Wednesday morning, tracking falls in Asia and on Wall Street overnight as traders take cash off the table amid growing unease with the violence in Iraq. This is the fourth day of losses for European stocks and comes after declines in Asian markets overnight and a weak session […]
June 25, 2014 – Stock Market News Today’s Hot Asset – Boeing Stocks in Asia traded slightly lower during today’s early session. Investors within Asia noticed a very weak session for equities in the U.S. and this definitely dampened spirits. The current situation in Iraq is not helping to lift investors confidence, causing stocks prices […]
European markets have opened in negative territory today, mirroring losses on Wall Street and in Asian markets, as geopolitical concerns in Iraq intensified following reports that Syrian aircrafts conducted air strikes against ISIS military targets in western Iraq. Closer home, traders will track the Confederation of British Industry’s distributive trades survey data due later today. […]
June 24, 2014 – Indices News Asian markets have gone up for the most part after declining yesterday on fears of reduced liquidity in China. Investors have been behaving more bullishly in Asia as of late due to the fact that equity prices have declined over the least three months. Thus, even if there is […]
Stocks – Asia Stocks in Asia were seen trading higher on Tuesday, boosted by the upbeat US data released. The Japanese benchmark Nikkei 225 index edged 0.05% higher, closing at 15,376.24 points, while Tokyo’s Topix index climbed 0.08% to 1,268.50 points. The glass-product manufacturer Nippon electric Glass added 2.71%, while Isuzu Motors and Hino Motors […]
June 24, 2014 – Daily Market News Today’s Hot Asset: USD U.S. stocks finished with little change as investors took a break after 6 days of gains which lifted indices to record levels. The S&P 500 closed 0.01% lower at 1,962.61 and the Dow Jones closed 0.06% lower at 16,937.26. Asian stocks gained across the […]
June 24, 2014 – Stock Market News Today’s Hot Asset – Pfizer Stocks in Asia started to move slightly higher during this mornings trading session. This did create some attractive call options for binary options investors, however the movement was somewhat restricted, as investors continued to monitor the current developments in Iraq. Stocks in Europe […]
June 24, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD pair has been traded in triangle patter which might give us some trading opportunities on its break out. The sign of decreasing volatility shows that the market is expecting some more data before moving. Today we should definitely watch the German Ifo […]
Major equity benchmarks however, enjoyed a rebound with bargain hunters looking to snap up cheap prices.The Stoxx Europe 600 Index gained 0.4% while the FTSE 100 in London added 0.3% and the DAX in Frankfurt up 0.2%. In FX markets, the dollar gains some ground following recent weakness on the back of dovish Fed comments […]
European markets have opened in the green today. Later, market participants are expected to keep a close eye on German Ifo sentiment indices data for further direction especially after yesterday’s dismal manufacturing and service sector data across the Eurozone. Closer home, traders will track BBA mortgage approvals data along with speeches from Bank of England […]
June 23, 2014 – Indices News Asian markets are mostly unchanged today, as investors juggled better than expected PMI data from China with fears of a liquidity crisis. Analysts note that June has always been a month where capital markets in China feel a squeeze, and that optimism is usually restrained this time of year […]
June 23, 2014 – Stock Market News Today’s Hot Asset – BNP Paribas Stocks in Asia traded mixed throughout today’s early trading session. Stocks started the day slightly lower but as the session progressed they started to recover. This was as a direct result of the positive Chinese manufacturing data that was released later in […]
June 23, 2014 – Daily Market News Today’s Hot Assets: USD, Oil U.S. stocks finished at record levels last week gaining from the Federal Reserve’s dovish stance. The S&P 500 closed 0.17% higher, reaching a record for the 22nd time this year, at 1,962.87 and the Dow Jones closed 0.15% higher. Asian stocks were mixed […]
June 27, 2014 – Weekly News WEEKLY REPORT 23/06-27/06 EUR/USD Last week the EUR/USD slightly increase and left the sideways channel between 1.35-1.36. The pair reacted on the FOMC report which was released last Wednesday and where investors saw that just one member would increase the interest rate by the end of this year and […]
European stocks declined on Monday, refusing to track gains in Asia overnight after PMI surveys from the Eurozone’s two economic power houses disappointed the market. Eurozone Flash Manufacturing PMIs in June came in at 51.9 compared to consensus expectations of 52.2 and a prior 52.2 in May, weaker than market expectations with both Germany and […]
European markets have opened mostly lower today, ahead of manufacturing and services activity data across the Eurozone and as market participants continue to monitor developments in Iraq. Earlier, data showed that Chinese manufacturing activity expanded in June. With no domestic macro releases today, traders will also eye US manufacturing and existing home sales data for […]
