Markets Eye Economic Data

European markets have opened slightly lower today, amid lack of direction and ahead of a slew of US economic data including housing starts, building permits, consumer confidence and Richmond Fed’s regional manufacturing index. Closer home, traders look forward to UK inflation report hearings later today for further insights on the British economic outlook. Related Posts:Behind […]

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Iran Deal Boost Risk Appetite

European markets have opened higher today, as investors’ risk appetite improved after Iran and world powers reached a tentative deal to curb Iranian nuclear program in exchange of international trade and financial sanctions. Investors would also eye political turmoil in Italy and Germany, to gauge the direction of the market movement. Closer home, investors await […]

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ETX CAPITAL’S SUNDAY NEWS SUMMARY

Sunday Newspaper Headlines – 24th November 2013 The Sunday Times -Babcock in £1 billion raid on helicopters: Babcock International is in advanced talks on a blockbuster £1.5 billion takeover of the world’s biggest helicopter operator -Revealed: boardroom shambles at mutuals: More than 50% of building societies are breaking basic corporate governance rules, fuelling concerns about […]

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Markets Higher on US Data

European markets have opened higher today, mirroring gains on Wall Street and in Asian markets, after US economic data pointed to a slowly improving labour market. With no release of major domestic economic data during the day, investors are expected to pay close attention to Germany’s Ifo business climate index data and the speech by […]

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Markets Lower on US Stimulus Worries

European markets have opened lower today, tracking overnight losses on Wall Street, after minutes from the US Federal Reserve’s October policy meeting indicated the US central bank could start to scale back its massive asset-purchase programme in the next few months. Closer home, investors await the release of UK public sector net borrowing data and […]

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Fed Minutes Eyed

European markets have opened lower today, despite dovish comments from US Federal Reserve Chairman Ben Bernanke that the US central bank would maintain its ultra-easy monetary policy for as long as needed. A key focus would be on the minutes from the US Federal Reserve’s October meeting to get additional hints on the timing of […]

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Carl Icahn’s Comment Spook Markets

European markets have opened lower today, in line with overnight losses in the US and today’s mixed performance in the Asian markets, as investors mulled over billionaire activist investor Carl Icahn’s downbeat comment regarding recent surge in the US equity market. Further, disappointing Chinese FDI data also dampened market sentiment. With no major domestic economic […]

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Markets Lower On Profit Booking

European markets have opened lower today, as traders booked profit following six consecutive weeks of gains. Investors also look ahead to several Fed officials speeches, due today, and the US Federal Reserve October policy meeting minutes, due this week, to get additional clues on the market movement. Closer home, UK property tracking firm, Rightmove, reported […]

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Prolonged Stimulus Speculation Drive Markets

European markets have opened mostly higher today, tracking overnight gains on the Wall Street and Asia, as US Federal Reserve Chair nominee, Janet Yellen’s testimony before the Senate Banking Committee boosted investors’ optimism that the US central bank might continue with its accommodative easing policy. With no release of major domestic economic data during the […]

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Markets Higher on Yellen

European markets have opened higher today, as investors interpreted the dovish comments from the US Fed Vice Chairman, Janet Yellen, as an indicator of a prolonged monetary stimulus. Investors also eyed economic growth data from major European countries, due later in the day, to gauge the strength in the region’s economic growth. Closer home, investors […]

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Fed Officials Fuel Tapering Concern

European markets have opened lower today, as investors mulled over statements from several Fed officials which further increased speculation that the US central bank might trim its stimulus programme sooner- than-expected. Closer home, investors await the Bank of England’s new economic growth forecasts in its quarterly inflation report, due later in the day. Investors also […]

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Corporate Earnings Eyed

European markets have opened slightly lower today, as investors look ahead to a slew of corporate earnings updated from several UK and European corporations. Investors also focussed on the last day of a key policy meeting in China and ongoing debates over the US Federal Reserve’s stimulus program outlook. Closer home, the Royal Institution of […]

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Markets Cautious on Fed

European markets have opened mostly lower today, as investors avoided strong bets amid expectations that the US Federal Reserve might scale back its economic stimulus program earlier than expected and after a rise in China’s annual inflation fuelled speculation that Chinese central bank would maintain its tight monetary policy. Closer home, the Confederation of British […]

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Markets Eye US Jobs Data

European markets have opened lower today, as investors await the release of US non-farm payroll report, which is expected to shed more light on the US Federal Reserve’s outlook towards its bond-buying programme. Closer home, investors look ahead to UK trade balance and Eurozone construction output data, due today. Related Posts:Disney to report higher earnings […]

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Markets Eye ECB, BoE Decision

European markets have opened slightly lower today, as investors observed caution before the monetary policy decisions from the European and UK central banks, scheduled today. Investors also eyed the third-quarter US GDP and jobless claims data, due today, to determine the US Federal Reserve’s policy outlook. Closer home, investors await the BoE policy decision, wherein […]

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Markets Await Earnings, ECB Decision

European markets have opened higher today, ahead of earnings updates from some major European companies, and amid rising expectations that the ECB could cut interest rates further when it meets tomorrow to quell deflation concerns. Closer home, the BRC indicated that the UK shop price index declined for the sixth consecutive month in October. Meanwhile, […]

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How to Identify Turning Points in Your Charts Using Fibonacci

How to Identify Turning Points in Your Charts Using Fibonacci By Elliott Wave International In this trading lesson, Elliott Wave International’s Jeffrey Kennedy shows you how you can use Fibonacci to forecast potential turning points in your charts. You’ll learn the most common Fibonacci retracements and where to expect them in your charts. At the […]

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Markets Eye Fresh Five-Year Highs

European markets have opened higher today, after several US Federal Reserve officials signalled overnight that the US central bank is in no rush to cut its programme of bond purchases, and amid expectations that the European and UK central banks would continue with their accommodative monetary policies. Closer home, the British Retail Consortium (BRC) reported […]

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ECB Rate Cut Hopes Buoy Market

European markets have opened higher today, amid mounting speculation that the ECB may slash its interest rates at its policy meeting, due tomorrow. Further, investors eyed Eurozone investor confidence data along with manufacturing PMIs from the Eurozone, Germany, France, Italy and Spain, due later today. Closer home, investors await UK construction PMI data, which is […]

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Markets Mull over China PMI, Fed Outlook

European markets have opened higher today, after China’s manufacturing PMI climbed to an 18-month high in October. However, concerns over a sooner-than-expected reduction in the US Fed’s bond-buying programme kept gains in check. Closer home, investors await economic data which is expected to show that UK manufacturing PMI declined to 56.1 in October from 56.7 […]

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Fed Comment Reignites Tapering Concern

European markets have opened lower today, as investors assessed US Fed’s monetary policy statement as less dovish, adding to speculation that the US central bank might slow the pace of its monthly bond purchases sooner-than-expected. Closer home, GFK’s index of UK consumer confidence fell to -11 in October from -10 in the previous month. Data […]

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Fed Stimulus Optimism Buoy Markets

European markets have opened mostly higher today, as yesterday’s subdued US economic data increased optimism that the US Federal Reserve would keep its bond buying programme unchanged at its policy meeting. With no release of major domestic economic data during the day, investors eyed Germany’s unemployment rate and consumer price index, Eurozone’s business climate and […]

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Markets Await Fed’s Decision

European markets have opened mostly lower today, amid cautious trading, before the US Fed concludes its two-day monetary policy meeting tomorrow, and as investors eyed corporate earnings updates from several European corporations, due today. Closer home, investors awaited UK consumer credit, M-4 money supply and mortgage approvals data, due later in the day. Related Posts:Can […]

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Markets Track Asia Higher

European markets have opened higher today, helped by a rally in the Asian markets as investors grew more optimistic about a likelihood that the Fed monetary measures would be persisted with, ahead of the Federal Reserve’s two-day policy meeting due tomorrow. Closer home, investors await the release of CBI’s distributive trades’ survey data, due later […]

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The Great American Wall Of Worry – US Stock Market

Traders and investors all around the world is having trouble climbing over the wall of worry/fear with the US stock market, and rightly so. There is a lot of things taking place and unfolding that carry a high level of uncertainty. Let’s face it, who wants to invest money into the market when it’s hard […]

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Markets Lower on Earnings

European markets have opened lower today, as investors remain on sidelines amid some mixed corporate results and ahead of some important UK and Eurozone economic data. Closer home, investors await the preliminary reading of the UK third-quarter GDP data, due later today. Meanwhile, Bank of England’s Mark Carney unveiled a slew of changes in its […]

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Markets Higher On Earnings

European markets have opened higher today, as investors awaited a slew of earnings releases from several UK and European corporations. Further, a private data indicating improvement in Chinese manufacturing activities also added to investors’ optimism. Closer home, investors await the release of the CBI’s industrial orders trends survey data, due later in the day. Related […]

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Markets Lower On China

European markets have opened lower today, as growing concerns over rising bad loans in China’s biggest banks and data showing a surge in China’s benchmark money-market rate, overshadowed optimism that the US Federal Reserve might maintain its stimulus measures for an extended period of time. Closer home, investors await the release of the minutes of […]

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How to Find Trading Opportunities in ANY Market

How to Find Trading Opportunities in ANY Market Learn ways to spot trading opportunities using wave analysis and other technical analysis methods By Elliott Wave International Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but […]

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US Jobs Data Eyed

European markets have opened mostly lower today, as investors played safe and looked forward to the release of much anticipated US payroll data that is expected to shed some light on the US Federal Reserve’s monetary stimulus outlook. Closer home, investors eye UK public sector net borrowing data, which is expected to reveal that public […]

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