Asian stocks showed some resilience on Wednesday as investors speculated as to whether the Federal Reserve could take a dovish turn in its post-meeting statement later in the session, amidst some signs that a stronger dollar was hurting U.S. corporate profits. U.S. stocks closed more than 1% lower on Tuesday as disappointing results from a […]
European markets have opened in positive territory today, ahead of the outcome of the US Federal Reserve’s two-day monetary policy meeting later today. Meanwhile, data indicated that German consumer confidence improved to a 13-year high in February and import prices in Germany dropped more than expected in December. With no major domestic economic releases today, […]
January 27, 2015 – Daily Market News Today’s Hot Asset: USD U.S markets climbed as investors shrugged off news from Greece. The left wing Syriza party won the elections and came to power. The party is strongly against the austerity program but shock in the market was short lived and traders believe that the result […]
January 27, 2015 – Indices News U.S markets climbed as investors shrugged off news from Greece. The left wing Syriza party won the elections and came to power. The party is strongly against the austerity program but shock in the market was short lived and traders believe that the result is unlikely to destabilize the […]
January 27, 2015 – Stock Market News Disappointment over Microsoft prospects had stocks easing downward, finally closing 0.36% lower than they opened. This disappointment stems from a lack of confidence over Microsoft’s new products and the gradual discontinuation of Internet Explorer. This is the second Microsoft product within a year to already have plans for […]
January 27, 2015 – Forex News Hot asset for today: EUR/USD EUR/USD On Monday, the EUR/USD corrected upwards and tested its resistance level. The main driver of the movement was the Euro which strengthened as nervousness that Greece could exit the Euro-zone faded out. In addition, German Ifo Business Confidence data met expectations, showing its […]
Most Asian share markets firmed on Tuesday and the Euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Euro zone and energy stocks […]
European markets have opened mostly lower today. In major news, Standard & Poor’s Ratings Services downgraded Russia’s sovereign credit rating to “Junk” late yesterday. Closer home, traders will keep a tab on UK GDP and mortgage approvals data scheduled for release later today. Moreover, a series of US economic releases, including consumer confidence, durable goods […]
January 26, 2015 – Index News US markets wound down the week on a sour note, on a lower than expected release of home sales information. Market volatility suffered an unexpected flop after an otherwise positive weak. Continued drops in oil prices pushed Chevron Corp down 1.9%, and Exxon Mobil Corp 2.13% lower. The Dow […]
January 26, 2015 – Stock Market News Switzerland’s surprise removal of the exchange cap between the euro and the franc had the surprise effect of drastically increasing the cost of importing. Daimler decided to give Swiss buyers a discount to counteract the price increase. Thursday, after further positive data coming from the European Central Bank’s […]
January 26, 2015 – Forex News The GBP/USD pair broke through its support on Friday as European currencies suffered on upcoming Greek elections. The pair touched the 1.4950 level when it bounced up. On Monday, despite the further depreciation of Euro, the pair slightly recovered the previous losses. The GBP/USD is currently traded around 1.5030 […]
January 23, 2015 – Daily Market News On Friday, the EUR/USD pair continued downward as nervousness on the market persisted. The pair bounced off the 1.1100 support level but finished the week slightly below 1.1200. During the weekend, the Greek election took place and as expected, Syriza party won. The pair declined back to 1.1100 […]
January 23, 2015 – Weekly News WEEKLY REPORT 26/1-30/1 EUR/USD Last week the EUR/USD pair started slightly above 1.1550 and remained there until Thursday. Investors were awaiting the European Central bank monetary meeting where most of them expected an announcement of further quantitative easing. The fact that ECB president Mario Draghi not just introduced the […]
Greek Election Results The Greek election results are in, and if anything the results are even better than expected for the far-left Syriza party than expected. Syriza is on course to win 149 out of 300 seats in the Greek Parliament, leaving it just 2 seats short of an overall majority and giving it far […]
European markets have opened in negative territory today, as the victory of the anti-austerity Syriza party in the Greek general election sparked fears that Greece might default on its debts and exit the Eurozone. Later today, market participants will keep a tab on BBA mortgage approvals data in the UK. Moreover, German Ifo sentiment indices […]
January 23, 2015 – Stocks Market News Last year proved positive for Starbucks to the end, as the coffee giant weathered doubts regarding its own ability to expand as it has and still continue to see a revenue on its stocks. Each stock earned the expected $0.80. Yesterday, Starbucks stock broke above the resistance level […]
January 23, 2015 – Indices News US stocks waited for the European Central Bank’s decision yesterday, but began to soar as the new stimulus plan was unfurled. Microsoft Corp increased 2.46%, NIKE Inc increased 2.5%, and JPMorgan Chase & Co improved 3.04%. The Dow Jones Industrial reached 17,813.98 yesterday after rising 1.48%. The S&P 500 […]
January 23, 2015 – Daily Market News On Thursday, the EUR/USD pair dropped more than 300 pips!!! as European Central Bank president Mario Draghi announced that the European Central Bank is going to launch an “expanded asset purchase program” with combined monthly purchases of 60 billion euros (earlier estimated 50 billion) from March through at […]
January 23, 2015 – Forex News Yesterday, the GBP/USD pair fell and broke through its support at 1.5030. The pair decreased as low as 1.4975 which is first time since July 2013. The pair reacted on the introduction of the massive bod-buying program which depreciated euro and negatively affected British Pound. On the other hand, […]
Greece and the Euro Zone This coming Sunday will see a general election take place which has the potential to seriously upset the apple cart in Greece and possibly affect the Euro zone as a whole. As things stand, the far-left Syriza coalition party is poised to gain the largest number of seats under the […]
European markets have opened firmer today, adding to yesterday’s gains, as traders continue to cheer the ECB’s full-scale bond-buying programme to revive the region’s economy. Later today, investors will keep a tab on UK retail sales data which is expected to show a decline on a monthly basis in December. Moreover, Markit PMIs data from […]
January 22, 2015 – Indices News A modest improvement in the price of oil towards the beginning of the US session allowed for some relief among refineries and the energy sector as a whole. Movements remained tame in wait for today’s euro interest rate decision. UnitedHealth Group In, the largest winner on the Dow Jones […]
January 22, 2015 – Stock Market News IBM had a solid quarterly earnings report, each share profiting $5.81; $2.13 higher than previous earnings and $0.40 higher than estimated for the quarter. Despite these impressive figures, IBM has been heading downwards on the announcement that IBM will be using more of its resources to further cloud […]
January 22, 2015 – Forex News Yesterday, the GBP/USD pair dropped down despite the strong U.K. labour data which showed lower number of people claiming unemployment benefits. The bearish sentiment appeared after investors saw that the Official Bank Rate Votes returned back to 0-0-9 which means that all of the members are against the interest […]
January 22, 2015 – Daily Market News On Wednesday, the EUR/USD pair tried to break out up, however the sharp movement up was immediately pushed back below 1.1600. We can explain this jump on the pair as an attempt of the market to get the price higher before today’s European Central bank press conference where […]
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging Euro zone economy. The Nikkei ended higher at 17,329.02. U.S. stocks edged up in a […]
European markets have opened mostly in the green today, as traders widely expect the ECB to unveil a full-blown quantitative easing programme at its monetary policy meeting later today. Going forward today, market participants will keep a tab on UK public sector net borrowings data along with speeches from BoE officials for further direction. Moreover, […]
January 21, 2015 – Stock Market News Despite slightly disappointing quarterly earnings, Netflix stock jumped yesterday based on an increase in subscription. The rise in subscribers marks the single largest quarterly increase of subscribers to date at 4.3 million in three months; one third of the subscriptions done this year. While quarterly earnings were slightly […]
January 21, 2015 – Indices News Concerns of an economic slowdown caused wariness among investors, causing stock movements to be limited. US stocks initially started with strong downward momentum, but began to correct upwards as the day progressed. The Dow Jones Industrial inched 0.02% upwards to 17,515.23. The S&P 500 increased 0.15% to 2,022.55. While […]
January 21, Daily Market News Yesterday, the GBP/USD pair increased up towards its resistance level, however once the pair test the resistance to break above, the pair lost momentum and declined back. The movement remained sideways before today’s U.K. labour data releases. At 9.30AM (GMT) the U.K. Claimant Count Change, Unemployment rate and Average Earning […]
