February 25th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. Wall Street’s advance overnight thanks to Fed chair Yellen reiterating her pledge to support her predecessor’s stimulus policies. Despite some poor US economic data [poor weather still being blamed] the S&P500 index rose to 1847, about a point away from its record close registered […]
February 24th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, tracking losses in major Asian markets and on Wall Street. Meanwhile, ECB president Mario Draghi reiterated the central bank’s willingness to introduce further stimulus if Eurozone’s inflation outlook worsens. With no release of major domestic economic data during […]
February 20th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as dismal Chinese manufacturing data, broadly hawkish FOMC minutes and the IMF’s downbeat assessment of emerging economies weighed on market sentiment. Meanwhile, investors await a slew of economic data from the US and European economies due later in […]
February 19th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors opted to remain on the sidelines before central banks from the US and the UK release minutes of their latest policy meetings. Closer home, investors will also keep a close eye on the release of job […]
February 14th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European stocks ease a tad from the open although German and Italian equities register gains; US stock futures are currently softer; gold is up around 8 bucks whilst core governments bonds decline on the mild risk-on tone. In forex markets, USD and yen both […]
February 13th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors preferred to book profits following a week-long rally and ahead of earnings release from several big European companies. Earlier today, the Royal Institution of Chartered Surveyors (RICS) revealed that the house price balance index in the […]
February 12th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, after China reported a surprise widening in its January trade surplus and as investors cheered the US Federal Reserve Chair Janet Yellen’s reassurance of a supportive US monetary policy. Closer home, investors await the release of the UK […]
February 11th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors await the first testimony to US lawmakers by Janet Yellen, the new chair of the US Federal Reserve, to get clearer views on how committed she is to wind down the Fed’s quantitative easing. Earlier today, […]
February 10th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, taking cues from a healthy rally on the Wall Street on Friday despite mixed jobs report. Closer home, accounting firm BDO reported that its index, measuring optimism among British businesses, hit its highest level for 22 years in […]
February 6th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, ahead of the outcome of monetary policy meetings of the Bank of England (BoE) and the European Central Bank (ECB) due later in the day. Both central banks are set to leave their monetary policy intact. With no […]
February 5th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as persisting concerns over further cuts to the Fed’s bond buying size overshadowed a rise in US factory orders excluding transportation. Closer home, the British Retail Consortium revealed tough trading conditions as UK retailers slashed prices at the […]
February 4th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. Big correction for Asian markets overnight; Hang Seng, Nikkei 225 all in correction mode. Japan’s Topix fell 4.8% and down by 12.5% year-to-date after registering stellar gains for 2013. Asian markets followed the declines on Wall Street Monday after the US ISM manufacturing report […]
February 3rd 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. Trepidation in European equity markets on first trading day of the month as investors in the region await PMI manufacturing data out of the euro zone, UK and the US. The euro zone PMIs should confirm an encouraging picture of manufacturing activity in the […]
January 21st 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, recouping losses of the previous session as investors’ sentiment was lifted after the Chinese central bank took action in the money market to ease the nation’s cash squeeze. Closer home, Sky News reported that the IMF is on […]
January 20th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors avoided taking stronger bets amid thin trade and after China revealed weakening of its economic growth in the fourth-quarter. Closer home, Rightmove reported that the average asking price for a home in the UK rose 6.3% […]
January 16th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, as another batch of upbeat US economic data along with a statement from IMF Managing Director Christine Lagarde that the global economy would strengthen in 2014, boosted investor sentiment. However, gains are expected to be capped, on […]
January 13th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors speculated that the US Fed might not opt for additional stimulus cuts, after data yesterday showed surprisingly weak payroll data. Investors also eyed fourth-quarter earnings results from several US banks due this week to gauge the […]
January 10th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors anticipated that the upcoming US nonfarm payrolls data would confirm strength of the US economic recovery. Closer home, investors awaited the release of UK industrial output which is forecasted to grow 0.4% MoM in November, the […]
January 9th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Pensive markets this morning, waiting for central banks BOE and ECB to meet with decisions which are expected to be unchanged but could possibly yield some hints about the future of monetary policies. BOE likely to be a bit of a non-event, leaving the […]
January 8th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Gains on Wall Street overnight followed by a decent session in Asian markets helped European stocks at the open but we are now starting to see some selling pressure as investors express their discomfort ahead of some big hitting macro data and events. S&P500 […]
January 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mostly higher today, as investors grew optimistic after data suggested improvement in the performance of UK businesses and an increase in German retail sales. Further, the confirmation of dovish Janet Yellen as the next Fed Chairman also buoyed market sentiment. […]
January 6th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, as markets struggled for direction amid thin trading volume, as investors braced themselves for the final countdown to the New Year. Markets in Germany were closed while those in London, Paris and Brussels will close around midday. […]
December 31st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, as markets struggled for direction amid thin trading volume, as investors braced themselves for the final countdown to the New Year. Markets in Germany were closed while those in London, Paris and Brussels will close around midday. […]
December 23rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, building on their Friday’s good show and tracking today’s gains across Asian markets. Investors also increased their exposure to equities after the IMF upgraded its outlook for the US economy. Meanwhile, economists expect the US personal spending and […]
December 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Find us on social media to be kept up to date with the latest ETX Capital news: Facebook: https://www.facebook.com/#!/ETXCapitalGroup Twitter: https://twitter.com/#!/etxcapital LinkedIn: http://www.linkedin.com/company/445425?trk=tyah ETX Capital’s RSS site: http://my.etxcapital.co.uk/ Related Posts:Trading Signals for GBP/USD for April 8-10, 2024: buy if… April 8, 2024 The British […]
December 19th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. So, the Federal Reserve finally pulled the taper trigger to its bond buying programme yesterday, reducing the pace of asset purchases by $10billion to $75billion per month, starting from January 2014. Looks like Fed Chairman Bernanke wanted to go out with a big bang, […]
December 17th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors avoided taking strong bets ahead of a policy meeting at which the US Federal Reserve would decide the timing of possible reduction in its stimulus measures. Closer home, investors eye UK November inflation data, to gauge […]
December 3rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, tracking losses on Wall Street and in Asian markets, as positive US economic data reignited speculation that the US Federal Reserve would start trimming its stimulus measures sooner than expected. Meanwhile, the British Retail Consortium reported that UK […]
December 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened mostly higher today, ahead of a number of key economic releases this week, which would provide further clues on the health of the world economy and the outlook for monetary stimulus from central banks in the US and Europe. Data […]
November 28th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, amid optimism over the coalition deal in Germany yesterday. Investors would watch economic data from the Eurozone, Germany and Italy due today to gauge the market direction. Trading volume is expected to remain subdued due to a US […]
