May 28, 2014 – Stock Market News Today’s Hot Asset – Apple Stocks in Asia were traded higher today and pulling the Asian indices up. Japanese Nikkei 225 finished 0.24% higher and Hang Seng Index 0.59%., Australian ASX increased by 0.29%. The positive impulse came from U.S. market where the technological stock pulled the S&P500 […]
May 27, 2014 – Indices News Asian indices went down for the most part after a quiet trading day. Under-performance in Pacific Rim markets stems from two key sources. Firstly, investors are still worried about economic weakness in China. Though many feel the government will formulate new policies to support growth, there will still be […]
Intel recently reversed from the support zone surrounding the support level 26.00. This support zone was strengthened by 50% Fibonacci Correction of the preceding sharp upward impulse wave from the middle of March, the lower daily Bollinger Band and the upward-sloping support trendline of the daily up channel from February. Intel is expected to rise […]
Stocks – Asia Asian stocks were seen trading higher on Monday after the US saw gains, with the S&P500 closing at a record high. Japan The Japanese benchmark Nikkei 225 index climbed 0.24%, closing the session at 14,670.95 points, while Tokyo’s Topix gained 0.26% to 1,198.17 points. Shares in the Japanese engineering cooperation Shimizu climbed […]
European equity markets are on the soft side Wednesday but still trading around six-year highs after a fresh record close on Wall Street. European equities are currently trading around their highest level since January 2008 – many in the market are pausing for breath given the elevated level that regional benchmarks are trading at. The […]
European markets have opened mostly lower today, paring some of their yesterday’s gains. Later today, investors will keep a close tab on a raft of economic releases across Europe, including German unemployment and Eurozone sentiment indices, to gauge the strength of the region’s economy. Closer home, CBI distributive trades survey data will attract market attention. […]
Stocks – Asia Stocks in the Asian region were seen trading slightly lower on Tuesday after the US and UK markets were closed for public holidays. The Japanese benchmark Nikkei 225 index rallied 0.82% to 14,722.17 points at the time of writing, while Tokyo’s Topix index edged 0.69% higher at 1,202.91 points. The nation’s yen […]
May 27, 2014- Daily Market News Today’s Hot Asset: USD U.S. markets remained closed yesterday for Memorial Day, leaving stocks unmoved. U.S. stocks finished last week with strong gains entering positive territory for the year; the S&P 500 closed 0.42% higher above the 1900 level and the Dow Jones closed 0.38% higher. Trading during the […]
European stock markets paused for breath Tuesday after climbing to a six-year high in the previous session – UK markets are playing catch-up with European and Asian peers, following the bank holiday weekend. US markets too were closed Monday for the long weekend – stock futures in the states are currently indicating a slightly higher […]
Ever wonder what the best investors in the world are investing in? You’re probably thinking that their portfolios are full of stocks you never heard of, opportunities that only the people in those elite circles know about. Well, looking at Warren Buffet’s portfolio, nothing could be further from the truth. In fact, the greatest investor […]
European markets have opened mostly lower today, as traders take a breather following Monday’s rally. Traders continue to mull over the outcome of EU elections that took place over the weekend. Later today, US durable goods orders and regional manufacturing activity data will attract market attention. Closer home, traders will keep an eye on the […]
May 26, 2014 – Indices News Chinese markets climbed today on speculation that the Chinese government would do more to bolster growth. So far, policy makers have already accelerated infrastructure projects and eased funding restrictions for financial companies. Thus, investors are hoping for further action and they are bullish on equities in anticipation. Japanese markets […]
May 26, 2014 – Stock Market News Today’s Hot Asset – Apple Stocks in Europe are currently still trading higher with only a couple of hours of the first session of the week remaining. The president of the European Central Bank spoke earlier today and his comments seemed to have helped support equities, as values […]
American Express recently reversed up from the support zone lying between the support level 84.00 and 50% Fibonacci Correction of the preceding upward impulse from October. The upward impulse from this support zone completed the second intermediate corrective wave (2) from the start of March and broke the resistance level 86.00. American Express is expected […]
>May 26, 2014 – Daily Market News Today’s Hot Asset: EUR Better than expected New Home Sales data from the U.S. boosted sentiment on Friday. Home Sales rose to 433,000 last month, an increase of 6.4%. U.S. stocks finished the week with strong gains entering positive territory for the year; the S&P 500 closed 0.42% […]
May 26, 2014 – Forex News Hot Asset For Today: EUR/USD EUR/USD The pairing saw declines last Friday to the detriment of the euro namely due to the German IFO Business Climate releasing disappointingly less than expected results. Also on Friday the euro was also hindered by the financial data coming out of the U.S in the […]
May 26, 2014 – Weekly News WEEKLY REPORT 26/05-30/05 EUR/USD Last week the EUR/USD dropped more than 100 pips down. The European single currency has been under a lot of pressure since the German ZEW Economic sentiment showed that the strongest EU economy is slowing down. The data from Friday (German Ifo Business Climate) just […]
From Elliott Wave International’s February Asian-Pacific Financial Forecast (published Feb. 7): …Bloomberg reports that “more than $7 billion flowed from ETFs investing in developing-nation assets in January, the most since the securities were created.” Such massive selling…supports our view that emerging markets are ending large-degree three-wave declines. Conventional observers are asking the question, “Is this […]
May 23, 2914 – Indices news Asian markets have climbed as a result of better than expected US manufacturing data. Companies like Li & Fung, which do extensive business in America, posted significant gains today. Though there was minimal data from Asia itself, many feel that the US is the engine of growth and consequently […]
Stocks – Europe European stocks were little changed on Friday, after Germany’s first quarter gross domestic product (GDP) came in line with analysts’ forecasts and the German ifo business confidence fell more than predicted. The European Euro Stoxx 50 fell 0.06% to 3,187.00 at the time of writing, while the German DAX edged 0.02% lower […]
May 23, 2014 – Daily Market News Today’s Hot Asset: EUR U.S. stocks posted modest gains. Investors chose to shrug off Existing Home Sales data and to focus on the positive Manufacturing PMI boosting confidence in the global economy. At session close, the S&P 500 had gained 0.24% and the Dow Jones had gained 0.06%. […]
May 23, 2014 – Stock Market News Today’s Hot Asset – Coca Cola Stocks in Asia traded higher during the final trading session of the week. Investors were still in an upbeat spirits following upbeat data relating top China’s manufacturing sector during yesterday’s session. This is giving investors the confidence they need to invest in […]
European stock markets fell Friday, erasing previous session gains amid caution as EU elections kick-off, with some underwhelming German IFO data dampening the mood further. EU elections today – people in the region head to the polls to cast votes. Since the last election in 2009, we’ve had a euro-wide debt crisis, bailouts, austerity measures […]
European markets have opened mostly lower today, as traders opted to remain on the sidelines ahead of the European parliament election outcome over the weekend. Additionally, the presidential election in Ukraine on Sunday will attract market attention. With no major domestic macro data today, market participants will eye German Ifo sentiment and US new home […]
May 22, 2014 – Daily Market News Today’s Hot Asset: USD The Fed’s Meeting Minutes were released yesterday and came as no surprise to the market. The minutes basically reaffirmed what had been stated previously; that interest rates will remain low for a considerable time after the tapering process has ended. U.S. stocks rallied as […]
Stocks – Asia Stocks in Asia were seen climbing on Thursday after the Federal Reserve meeting minutes were released as well as HSBC’s manufacturing Purchasing Managers Index (PMI) from China, which came in higher than expected. “The minutes of the April FOMC meeting point to a Fed whose relatively upbeat assessment on the economic outlook […]
Global stock markets are staging a mild rebound following dovish Federal Reserve meeting minutes and better than expected PMI numbers out of China, boosting appetite for risk. Industrial metals and commodity linked currencies are trending higher while safe haven assets like core government bonds are ticking lower. Wall Street’s rally in the previous session left […]
May 22, 2014 – Stock Market News Today’s Hot Asset – Ebay Stocks in Asia traded higher during a session full on surprises. Investors within the region has started the day in a pessimistic mood, as they anticipated lots of negative regional fundamental data. However, Chinese manufacturing data actually showed signs of progression giving investors […]
European markets have opened higher today, after the minutes of the US Federal Reserve’s latest policy meeting indicated no significant change in monetary policy and following better-than-expected Chinese manufacturing data. Later, manufacturing and services PMI data in the Eurozone will be closely eyed. Closer home, traders await second GDP estimate which is expected to show […]
May 21, 2014 – Indices news Some Asian markets have fallen amid a decision by the Bank of Japan to refrain from further quantitative easing. The end result of this decision was that the yen appreciated – hurting the overseas income of Japanese companies and consequently bringing equity prices down. Chinese and Australian markets have […]
