Investors in U.S. markets have ignored the Federal government shutdown; the DJIA and SPX rose to record highs as the first day of the shutdown began on Friday, the general mood of optimism continued through to Monday, as U.S. markets reached new record highs. The DJIA closed up 0.55% and the SPX up 0.81%, with […]
It’s often stated that a week is a long time in politics, a week can also be a long time in the markets. A week after global markets appeared to be in turmoil, as a sell off/correction of 10%+ materialized, U.S. equity markets finally reclaimed some of their lost ground on Wednesday, the DJIA closed
Since experiencing a significant slump in December, USA, European and Asian equity indices have made significant recoveries in 2019. The potential resolution, to the ongoing tariff driven trade war between the USA and China, has provided the calm to pour over the previously, highly inflammable and volatile markets. But the current benign situation could be
The US equity index the SPX 500 reached a record high of 3,678 before giving back some gains during Thursday’s trading sessions. The prediction of more Fed monetary stimulus, combined with optimism improving over the imminent Democratic administration under Biden, has encouraged risk-on sentiment to gain traction. Weekly jobless numbers beating expectations; by coming in
US equity indices trade near record highs as dollar slump continues Read More »
The euro recorded steady gains versus the majority of its peers during Wednesday’s trading sessions after the U.K. govt announced it would be the first European nation to distribute the Pfizer Covid vaccine to a selected cohort of its most at-risk population. Germany, France and other leading E.U. countries announced they would carefully monitor the
Euro makes gains as covid vaccine progress improves sentiment across the continent Read More »
GBP currency pairs initially traded in tight ranges during Tuesday’s early trading sessions as investors and traders begin to position themselves with the Brexit deadline in sight. The UK will exit the EU on December 31st. Many analysts are either pricing in the adjustment versus the euro and US dollar or expecting the last gasp
Despite the equity markets selling off during the last session of November 2020, US equity markets, in particular, enjoyed a stellar month. All three leading indices; the DJIA30, SPX500 and the NASDAQ printed record highs during November with the DJIA notable for breaching the 30,000 level for the first time in its history. The optimism
The euro experienced whipsawing price-action versus its peers during the afternoon sessions as the ECB announced its rate setting decision and outlined a new direction in terms of forward guidance. Rather than announce an interest rate cut in the short-term, the ECB and the President Mario Draghi surprised FX analysts and analysts as they suggested
There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the latest IHS Markit U.S. Manufacturing PMI came in at 50.0 for July 2019, the
In contrast with Monday’s quiet trading sessions, during Tuesday’s sessions the FX markets displayed healthy movement and provided extensive price-action opportunities for day-traders to bank profit. The dollar index rose to a five week high as investors increased confidence in the globe’s reserve currency after the IMF raised its GDP prediction for the USA to
