European markets have opened lower today, tracking overnight losses on Wall Street and as geopolitical tensions over Ukraine escalated after US President Barack Obama warned of deeper sanctions against Russia. Closer home, investors will eye economic data which is widely expected to show that the nation’s annual retail sales increased 2.5% in February, compared to […]
March 26, 2014 – Indices News Asian markets have risen after yesterday’s American session in which Consumer confidence data came out better than expected. Investors were more optimistic about the US economy in light of this information, and considering the importance of US market to Asian firms, indices in the east were able to capitalize […]
March 26, 2014 – Stock Market News Today’s Hot Asset – Facebook Stocks in the U.S. have opened trading higher today. Investors witnessed the release of positive regional data just before today’s session began and this gave them the confidence they needed to invest in riskier assets. There is still plenty of time left in […]
March 26, 2014 – Daily Market News Today’s Hot Assets: USD,Oil U.S. stocks rose yesterday after CB Consumer Confidence data came out better than expected. The measure increased to 82.3, the highest level in 6 years suggesting the economy is once again picking up after the bad weather subsided. At the close of U.S. trading, […]
March 26, 2014 – Forex News Hot Asset For Today: EUR/USD The EUR/USD pairing saw some activity in favor of the euro showing a specific rise upwards midway through the U.S session, thereafter the pairing very much continued in a sideways direction showing very little activity throughout the Asian session. Yesterday traders and investors were […]
US consumer confidence data blew the doors off yesterday, reaching a six-year high of 82.3 from 78.3 on the month. The report fuelled risk appetite, helping the DJIA to finish up 0.6% and the S&P500 up around 0.4%. US macros are thawing; data indicators are showing an improvement and markets have had enough time to […]
European markets have opened higher today, extending their previous session gains, amid speculation that the ECB and the People’s Bank of China will provide additional stimulus measures to support economic growth. With no release of major domestic macroeconomic data, market participants would keep a close eye on US durable goods orders data to gauge further […]
March 25, 2014 – Indices News Asian markets are down today despite rising yesterday. There are two main reasons for this: Firstly, US manufacturing data came out worse than expected yesterday. Consequently, investors are more pessimistic about Asian firms due to their reliance on the US market as a driver for growth. Second of all, […]
March 25, 2014 – Stock Market News Today’s Hot Asset – Netflix Stocks in Europe are currently trading higher, as we reach the middle stages of today’s session. There was some negative regional data released earlier in the session. However, this was not enough to change investors’ minds, as they were in a positive mood […]
March 25, 2014 – Daily Market News Today’s Hot Assets: EUR, GBP, USD At the end of last week western allies decided to place more sanctions on Russia in an attempt to ease the geopolitical situation in Ukraine. Asset freezes and visa bans have so far been placed on many Russians and Ukrainians and following […]
March 25, 2014 – Forex News Hot Asset For Today: GBP/USD EUR/USD The euro rose against the dollar, giving up its former losses, triggered by the latest batch of downbeat PMI data for the Euro-zone and German economy. Meanwhile, an European Central Bank (ECB) Governing Council member, Erkki Liikanen reiterated his earlier view that, due […]
Markets were up this morning after a number of positive announcements, starting with international building materials supplier Wolseley Plc, which reported a significant pre-tax profit on the strength of its UK and US business. This helped to alleviate fears on behalf of some that the recently announced Federal Reserve plans to raise the interest rate […]
European markets have opened higher today, rebounding from their previous session losses. Market participants await a slew of economic data across Europe and the US to gauge market direction. Closer home, investors would focus on the release of UK inflation data due today which is expected to show that the nation’s consumer prices rose 1.7% […]
March 24, 2014 – Stock Market News Today’s Hot Asset – Apple Stocks in Asia traded sharply higher during their first trading session of the week. Weak Chinese manufacturing data convinced investors that trading in equities was the way to go and this helped push stock values higher. There will be some important Australian economic […]
March 24, 2014 – Indices News Asian markets have gone up today after falling for most of last week, ignoring worse than expected Chinese Manufacturing PMI Index data. The surge in equities was primarily the result of Japanese markets reopening after the holidays, though financial firms also performed very well. All in all, investors are […]
March 24, 2014 – Daily Market News Today’s Hot Asset: EUR Last week, markets were moved by the Fed statement and Yellen’s comments that they might raise interest rates 6 months after quantitative easing finishes. Stocks initially fell but regained some ground following positive U.S. data. The EU and the U.S. then intensified sanctions against […]
European markets opened relatively strongly today despite bad news from China, where HSBC figures show a weak first quarter for the country’s manufacturing sector, which slowed for the third month in a row. A slight dip in the markets is being attributed by some to a knock-on effect from Friday’s drop on Wall Street, caused […]
March 24, 2014 – Forex News Hot Asset For Today: EUR/USD EUR/USD The euro climbed higher against the dollar on Friday, as the dollar declined following a rally in the previous two sessions, namely due to prospects for an earlier than anticipated rate hike by the Federal Reserve. The euro was strengthened after data on […]
March 24, 2014 – Weekly News EUR/USD Last week the EUR/USD pair fell from 1.3948 to 1.3749, means almost 200 pips! The main reason why the pair slid was FOMC Statement and a press conference which followed. Fed (as expected) taper another $10 billion/month from the monetary stimulus and announced that the quantitative easing program […]
European markets have opened in the red today, tracking Friday’s losses on Wall Street and after preliminary data indicated that China’s manufacturing activity dropped for a fifth consecutive month in March. With no release of major domestic economic data during the day, investors would eye Eurozone and US manufacturing PMI data for further cues. Related […]
March 21, 2014 – Indices News Asian markets have rebounded after falling earlier this week. Worries about the political situation in the Crimea and the decision by the Federal reserve to taper the stimulus further originally weighed heavily on equities in the far east. However, today Asian indices retraced a lot of these losses and […]
Equity markets in Europe adopt a calm mood Friday, helped by gains in Asian markets overnight. Ongoing geopolitical tensions in the Ukraine together with Fed chair Yellen’s remarks regarding monetary tightening keep us anxious in general but as we head to the end of the week, traders are demonstrating a level of comfort. The Fed’s […]
March 21, 2014- Daily Market News Today’s Hot Assets : USD, CAD The U.S. Federal Reserve decided to continue tapering at their monetary policy meeting as labour conditions continued to improve. They reduced the current quantitative easing program by a further $10 billion. Although no specific timeline was stated, Yellen also suggested that the Fed […]
March 21, 2014 – Forex News The EUR/USD is ranging right now after falling yesterday due to better than expected US data. Though the pair has retraced some of its losses, there is no indication that significant movement will occur, though the pair may move a bit in anticipation of of speeches by FOMC members […]
March 21, 2014 – Stock Market News Today’s Hot Asset – JPMorgan Chase & Co Stocks in Asia traded sharply higher during the early session today. The markets in Japan were closed today due to a national holiday. Investors in other regions of Asia were given the confidence they need in private equities after seeing […]
European markets have opened higher today, mirroring gains in US and Asian markets. Meanwhile, the US extended sanctions against Russia and Fitch Ratings cut its outlook on the country, shifting market focus to news flows emanating from Russia. Closer home, traders will keep a close eye on UK public sector net borrowings figures due later […]
US markets closed out yesterday in the red and European markets opened in the red this morning, mostly due to yesterday’s surprising announcement by Janet Yellen. In her first monetary policy meeting, the new Fed Chair opened the way to an increase in the interest rate sooner than expected (possibly as soon as mid-2015), as […]
March 20, 2014 – Forex News The EUR/USD went down yesterday after the decision by the FOMC to taper the stimulus by another $10 billion. Furthermore, the Fed is considering raising the Federal Funds rate by more than expected – another factor helping the dollar climb. Today, the pair has retraced some of these losses […]
March 20, 2014 – Indices News American markets dropped yesterday after the FOMC announced that it would continue tapering the stimulus by another $10 billion. Though investors had been anticipating this, the sentiment was still bearish – especially as the Fed announced planes to increase the Federal Funds rate faster than expected. Thus, it is […]
March 20, 2014 – Daily Market News Today’s Hot Assets: USD, Gold The U.S. Federal Reserve concluded their two day monetary policy meeting yesterday which was followed by Janet Yellen’s first press conference as Chairwoman. The Fed concluded that recent information shows economic growth slowed throughout the winter months but it was, in part, down […]
