Daily Market News: April 21, 2015

Daily Market News April 21st 2015 During the early trading session, Asian stocks traded higher as investors await earnings reports from major automakers and electronics manufacturers. Forecasts for Toyota predict EPS for the quarter is $2.59, up from the EPS for the same quarter last year, profits are also expected for Nissan Motor Corporation. The […]

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Markets Climbing Globally

April 21, 2015 – Indices News U.S markets climbed in reaction to better than expected earnings. Markets have been moving on expectations regarding the interest rate hike and traders have been receiving mixed signals. Last week most speeches from FOMC Members were dovish causing a shift in expectations that the rate would be hiked in […]

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Will Greece Default?

April 21, 2015 – Forex News Today’s Hot Asset: EUR/USD EUR/USD Fresh fears of a Greek exit from the Euro pushed the EUR/USD down to 1.0660. Greece still needs to reach an agreement with its creditors to secure a bailout and avoid defaulting. Yesterday, the government ordered public entities to transfer reserves to the central […]

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IBM Rises On Positive Earning Speculation

April 20, 2015 – Stock Market News IBM is due to release quarterly earnings later today. Forecasts have earnings predicted at 2.80 per share, compared with the previous quarters earnings of 5.81. Investors themselves have been aggressively trading IBM today with the expectation that IBM will beat estimates, which could result in a continued rise […]

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Traders Focusing on Greece

April 20, 2015 – Indices News U.S markets declined on Friday as Greek fears re-entered the market.  The chance of Greece defaulting is becoming increasingly likely as negotiations continue to fail. Investors are now worrying that the country may even leave the Euro and this could have a knock on effect to other countries. New […]

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Daily Market News: April 20, 2015

Daily Market News April 20th 2015 During the early trading session, Asian stocks traded lower as concerns over China’s economy weighed on market sentiment. Chinas Central Bank announced that the required bank reserves will be lowered to 18.5% from 19.5%, hence, adding more currency into circulation. This move came following data showing that China’s economy […]

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Greece Bank in the Spotlight

April 20, 2015 – Forex News Hot asset for today: EUR EUR/USD On Friday, the EUR/USD pair broke through one resistance level and reached a second resistance at 1.0850. The pair then lost momentum and started to drop to its current level of 1.0760. The previous bullish sentiment, which was supported by progressing EU CPI […]

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Shanghai Composite & Hang Seng both Take a Hit, Petrofac Down After Further Loss Revelations

An index of Asian shares slipped on Monday and Chinese stock markets erased earlier sharp gains made after China’s central bank boosted banks’ lending power by reducing their reserve requirements.  The S&P 500 posted its biggest percentage loss since March 25th on Friday as investors shunned risk amid new trading regulations in China, with renewed […]

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Daily Market News: April 17, 2015

Daily Market News April 17th 2015 During the early trading session, Asian stocks traded following weak U.S. data. The Building Permits, Housing Starts and Initial Jobless Claims all showed lower than expected figures. These negative reports added to concerns over an improving economy in the leading market. The Nikkei share average was down 1.17%, closing […]

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Traders Awaiting Inflation Data

April 17, 2015 – Forex News Hot asset for today: GBP EUR/USD On Thursday, the EUR/USD broke through its resistance and climbed above 1.0800. The pair then reached a second resistance level at 1.0820 but bounced down. The climb was caused by weaker U.S data which threatened the possibility of the interest rate hike. FOMC […]

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Markets Down on China

April 17, 2015 – Indices News U.S markets declined as traders assessed a mix of data and speeches from FOMC members. Building Permits came out at 1.039 million when predicted to be 1.080 million; they also posted a decline of 5.7%. Housing Starts missed expectations and came out at 0.926 million when analysts had predicted […]

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Disney Jumps 1% On Star Wars Trailer

April 17, 2015 – Stock Market News With the release of a new trailer for its first Star Wars franchise film, Disney stocks received a sharp increase of 1.05% for the end of the day. This increase was initially linked to high sentimental trading on the part of investors, but despite the source that spike […]

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Press Release: ETX Capital wins ‘Best Spread Betting Provider’ Award

ETX Capital has been recognised as ‘Best Spread Betting Provider’ at the City of London Wealth Management Awards 2015. The company came in ahead of several competitors to claim the title, which is voted for by members of the public. For ETX Capital, this award comes as confirmation of the continuing success of its strategic […]

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Greek Worries Re-enter Market

April 16, 2015 – Indices News U.S markets reached record levels again as traders reacted to strong earnings releases. MarketWatch quoted James Abate, chief investment officer at Centre Funds. He stated that “So far in the earnings season, 35 of 37 companies on the S&P 500 either beat or met expectations…Companies have become very adept […]

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Tech bubble: Different this time?

In March, we covered the return to a popular fascination with technology. The striking resemblance to 2000’s technology mania is not going unnoticed. How can it? With the NASDAQ’s much heralded return to 5000 and magazine covers proclaiming “Google Wants You To Live Forever,” concern about an “asset bubble” is being raised. But this is […]

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Daily Market News: April 16, 2015

Daily Market News, April 16th 2015 During the early trading session, Asian stocks were slightly up as energy related company shares soared as investors took profits. Rising oil prices pushed up the price of mining and petroleum stocks. The Nikkei share average was up 0.08%, closing at 19,885 point. Following the release of positive Australian […]

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Citibank Soars Past Estimated Earnings

April 16, 2015 – Stock Market News Citigroup released its quarterly earnings today in the premarket.  Where earnings were expected at 1.39 per share, the release itself has earnings at 1.52.  While investors were optimistic yesterday, bringing Citigroup stocks up 0.91% to 53.21, premarket trading has already increased share prices by 1.54% to 54.03. Related […]

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Brent Crude Touches $63 per Barrel, Full Stream Ahead for Netflix

Most Asian share markets took cues from a global surge in equities and rose on Thursday, while weak U.S. economic data sent the Dollar lower whilst U.S. stocks closed higher on Wednesday, fuelled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought.  The […]

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Daily Market News: April 15, 2015

April 15, 2015 – Daily Market News The dollar traded at a lower level today following the release of negative data from the U.S., as the Retail Sales data was lower than expected yesterday, weakening the currency against major currencies; the EUR/USD traded as high as 1.070, while the USD/JPY tested its support at 119.10. […]

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Retail Sales Dictated the Dollars Movement

April 15, 2015 – Forex News Today’s Hot Asset: EUR/USD EUR/USD Yesterday, the EUR/USD added 170 pips after U.S Retail Sales missed expectations and disappointed the market. The data showed that sales increased by 0.9% in March but the figure was predicted to show a 1% change. We saw investors selling off the Dollar as […]

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Google Antitrust Suit In Focus

April 15, 2015 – Stock Market News In a news conference today, EU authorities have formally expanded on the various grievances being placed at Google’s feet.  The extent of the antitrust suit has been publicly stated, ranging from prioritizing its own products in searches to automatically including Google’s search engine on all Google and Android […]

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Euro Breaks Losing Streak, Burberry Announces Significant Surge in Underlying Sales

Asian markets stumbled on Wednesday, with relief at China matching its own growth target soured by poor readings on consumer demand and industrial activity, underlining the need for more policy action by Beijing.  The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and quarterly earnings reports that topped modest expectations following […]

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U.S Market Down on Monetary Policy Expectations

April 14, 2015 – Indices News U.S markets declined as investors continued to speculate that interest rates may be hiked as soon as June. The sentiment caused the Dollar to rally and turned investors away from stocks. In addition, caution appeared in the market as earnings season was set to start. Peter Cardillo, chief market […]

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EUR/USD Climbing on Weak U.S Retail Sales

April 14, 2015 – Forex News Today’s Hot Asset: EUR/USD EUR/USD Yesterday, the EUR/USD dropped to its support level at 1.0520 before bouncing upwards. The price then reached a high of 1.0610 before trading sideways. The Dollar had rallied due to new expectations of a June interest rate hike following comments from FOMC members. However, […]

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Daily Market News: April 14, 2015

April 14, 2015 – Daily Market News During the Asian session, the Honk Kong stock fell for the first time after 8 trading days. We should remind that the HSI previously finished on the highest level since December 2007 and exceeded the 28,000 psychological level. Today the price returned below and erased 1.62% probably because […]

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Boeing Plans To Expand Space Program

April 14, 2015 – Stock Market News Yesterday, Boeing announced that it will be working to maintain its space rocket program.  Its current design for innovation involves creating reusable engines for its rockets.  The rockets intended for launch would be collected midair after they detach from the rocket, while a secondary engine would allow for […]

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Euro in Six-Session Straight Decline, New High for Shanghai Composite

U.S. stocks dipped on Monday as fears increased that the strong Dollar and lower oil prices will hurt U.S. first-quarter earnings, whereas Chinese shares extended their meteoric ascent to reach new heights on Tuesday, while much of the rest of Asia took a breather after recent hefty gains.  The Dow fell 80 points to close […]

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Tesco No Longer Largest Grocer After Possible Writdowns

April 13, 2015 – Stock Market News Fears for Tesco’s future have been under threat by looming writedowns which could send Tesco even further backwards.  Since the overstatement of its profits was uncovered this past summer, Tesco has had to close its doors in 43 locations, as well as pause development on nearly 50 new […]

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