Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday. The Index lost 15.06 points, or 0.73% to close at 2,060.31. The Dow Jones Index […]
European markets have open in negative territory today, extending previous session losses. Meanwhile, traders continue to focus on energy sector stocks as oil prices remain under pressure. Close home, the British Retail Consortium indicated that annual retail sales across all sectors in the UK increased more than expected in November. Later in the day, the […]
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8 December 2014: Europa Oil & Gas CEO Hugh Mackay explains the significance of the news that the updated prospect inventory shows 1.5 billion barrels have been identified at its Irish asset, worth about $4 billion ‘should all the prospects come in’. Related Posts:GBP/USD. Analysis for April 12th. A significant event: the… April 12, 2024 […]
December 8, 2014 – Stock Market News Bank of America/ Merrill Lynch changed their ratings for a few technology companies at the end of last week. Yahoo was upgraded to ‘buy’ from ‘neutral’ and the price target was raised to $62. The stock closed 1.15% high on Friday. The change was made after the company […]
December 8, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD On Friday, the EUR/USD dropped below 1.2300 as U.S. labour data came out at its strongest level since June 2010. The data showed 321K newly employed people. The U.S. Dollar index strengthened to its highest level since 2009 and pushed the pair to […]
December 8, 2014 – Daily Market News Today’s Hot Asset: Yen Friday’s Nonfarm Payrolls data was much stronger than expected. The data showed that 321,000 jobs were created over the past month, much above the expected 225,000. Figures pushed markets higher but gains were limited as the data also fueled expectations that the Federal Reserve […]
December 8, 2014 – Indices News Friday’s Nonfarm Payrolls data was much stronger than expected. The data showed that 321,000 jobs were created over the past month, much above the expected 225,000. The unemployment rate remained stable at 5.8%. Figures pushed markets higher and the U.S. Dollar rose to levels not seen since March 2009. […]
December 8, 2014 – Weekly News EUR/USD Last week, the EUR/USD traded with very high volatility. The pair started at 1.2500 but due to negative speculation regarding the European Central bank meeting the pair dropped to 1.2300. Quite surprisingly, Mario Draghi (the President of the ECB) did not introduce new stimulus but the bank did […]
Asian shares were mostly lower on Monday after sobering data highlighted the sluggishness of the region’s key economies and tempered the lift from much stronger-than-expected U.S. employment numbers. The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point […]
European markets have open in the red today, as investors took a breather following Friday’s sharp gains and as dismal economic data out of Japan and China reignited concerns over the pace of global economic growth. Adding to the negative sentiment, separate data revealed that industrial output in Germany increased less than expected in October. […]
December 5, 2014 – Daily Market News Today’s Hot Asset: USD, Gold Yen has continued a very bearish move and depreciated against all major peers. The USD/JPY pair reached so far 120.60 and if the upcoming U.S. Non-farm payrolls will show some strong reading it may reach 121.00 level. Some analyst are very optimistic and […]
December 5, 2014 – Indices News U.S markets slightly decreased from previous levels. Energy, Materials and Industrials shares declined as oil prices rebounded slightly. Investors were disappointed that European Central Bank did not introduce additional Quantitative easing which would spur European market and help many others. The Dow Jones closed 0.07% lower at 17,900.10. Asian markets were […]
December 5, 2014 – Stock Market News On November 17th the price of Microsoft’s stock reached its highest value since 2000 when shortly increased above $50. However, after such a drastic climb (20% over the last month) came a price correction and the price slid back to $47.30. On Thursday, the price climbed up 49,09 because […]
4 December 2014: Kefi Minerals owns gold assets in Ethiopia and Saudi Arabia. Chairman Harry Anagnostaras-Adams tells IG that at £14 million market capitalisation, the 1 million ounces resourec represents an opportunity for investors. Related Posts:Midweek Technical Look – EURUSD, Gold, US 500 May 9, 2024 EURUSD declines further after pullback off 200-day SMA Gold […]
Asian shares drifted while the Dollar marked time on Friday ahead of the key U.S. jobs report later in the session. U.S. stocks ended slightly lower on Thursday after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action but said the issue would be addressed early next year. The […]
European markets have open firmer today, ahead of the release of Eurozone revised GDP data later in the day. The main focus will be on US nonfarm payrolls which is likely to reveal that the US economy added jobs at a faster pace in November. Closer home, traders will track UK consumer inflation expectations data […]
December 4, 2014 – Stock Market News Energy companies are in the red again today. Oil prices are still moving lower despite inventory data from the EIA which showed that stockpiles dropped more than expected over the past week. The market is still assessing OPECs decision not to cut production and some analysts believe that […]
4 December 2014: Paul Bassi CBE, chief executive of Real Estate Investors, says the simple strategy it works has a proven track record of producing results. Anticipating a record rental income in the second half, REI will become a REIT in January. Related Posts:Technical Analysis – Is US 100 setting course for new record… April […]
December 4, 2014 – Daily Market News Today’s Hot Asset: EUR U.S markets climbed and reached record levels again. Energy, Materials and Industrials shares gained as oil prices rebounded slightly. The S&P 500 closed 0.38% higher at a record for the 48th time this year of 2,074.33 and the Dow Jones closed 0.18% higher at […]
December 4, 2014 – Indices News U.S markets climbed and reached record levels again. Energy, Materials and Industrials shares gained as oil prices rebounded slightly. Investors shrugged off weak economic data including the ADP Nonfarm Employment Change which showed a lower than expected change in jobs, of just 208,000.The Beige Book, however, brought positivity. The […]
December 4, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD After falling from 1.2390, the EUR/USD tested its support level at 1.2300, several times. The pair is being driven by speculation ahead of today’s European Central Bank meeting in which they will decide whether to expand monetary stimulus. The European minimum bid rate […]
4 December 2014: Park Group, the multi-retailer which operates voucher and pre-paid gift cards, says its first half was better than expected and that the second half is ‘looking good’. New technology and the UK recovery and both helping the numbers.
ECB Meeting – ECB President Mario Draghi is due to hold a press conference later today after the European Central Bank announces its decision on the Euro zone’s interest rates. The markets will be watching events in Frankfurt closely, not so much for the interest rate decision itself – Bloomberg reports that its survey of […]
3 December 2014: Tengri Resources is pushing ahead, at speed, at its gold mine in Kyrgyzstan. Non-executive director John Levings discusses the mine development programme and confirms that the company is aiming for its first gold pour in 2016. Related Posts:GBP/USD: trading plan for the US session on May 9th… May 9, 2024 In my […]
European markets have open in the green today, ahead of the European Central Bank’s monetary policy decision due later today. Recent data indicating slowing business activity and a continuing easing in inflation in the Eurozone has raised expectations that the ECB might unveil additional stimulus measures later today. Closer home, the Bank of England’s monetary […]
December 3, 2014 – Stock Market News A lawsuit will begin against Apple today after being accused of unfair play. An email surfaced from Steve Jobs against a company which allowed users to download music anywhere and play them on Apple devices. Jobs was accused of an inside campaign and following this, software was updated […]
December 3, 2014 – Daily Market News Today’s Hot Asset: USD U.S. markets climbed after strong Construction Spending data and auto sales. A speech from the Vice Chairman of the Fed, Stanley Fischer, also rocked markets. At session close, the S&P 500 was 0.64% higher at 2,066.55 and the Dow Jones was 0.58% higher at […]
December 3, 2014 – Indices News U.S. markets climbed after strong Construction Spending data and auto sales. A speech from the Vice Chairman of the Fed, Stanley Fischer, also rocked markets. The Federal Reserve has been reiterating that interest rates will remain low for a ‘considerable time’ when discussing a potential hike, however, Fischer voiced […]
3 December 2014: John Meyer, mining analyst and partner at SP Angel, runs though some of the technical mining terms that tell an investor about a mining project. Related Posts:Will the post-FOMC jobs report move the dollar? – Preview May 1, 2024 US nonfarm payrolls scheduled for release on Friday 12:30 GMT…Could Monday’s intervention turn […]
