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Feb 5, 21 •
1825 Views •
Is The Trend Still Your Friend •
saed shalabi
Comments Off on WEEKLY MARKET SNAPSHOT 08/02 – 12/02 | INVESTOR OPTIMISM SPREADS GLOBALLY, AS VACCINE ROLLOUTS MOVE AHEAD AT PACE, USD CONTINUES TO RISE VERSUS ITS PEERS
During the trading week ending February 5 equity markets have been mostly bullish, the reasons for the renewed risk-on sentiment are various. – Vaccine rolls outs in the United States, the UK and parts of Europe are moving ahead as planned and, in some...
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Feb 3, 21 •
1864 Views •
Market Commentaries •
saed shalabi
Comments Off on US and European markets rally on Tuesday, USD continues its current momentum trend versus its main peers
European markets rallied from the London open during Tuesday’s sessions. The latest GDP figures for the Eurozone and individual countries provided investor optimism that if the COVID-19 vaccine rollouts are successful, growth will quickly re-appear. GDP for...
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Feb 1, 21 •
1801 Views •
Market Commentaries •
saed shalabi
Comments Off on Nervous investors and traders will look for monetary policy instructions from the Fed, BoE and RBA to underpin sentiment
Last week’s trading sessions ended with many global equity markets selling off as the risk-on sentiment dominating investor thinking over recent months suddenly evaporated. The SPX 500 closed Friday’s New York session down –2.22% on the day and –3.58%...
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Jan 29, 21 •
1842 Views •
Is The Trend Still Your Friend •
saed shalabi
Comments Off on WEEKLY MARKET SNAPSHOT 01/02 – 05/02 | LEADING EQUITY INDICES FALL DESPITE EUROPE’S GDP FIGURES FOR Q4 COMING IN BETTER THAN EXPECTED
It was a week of GDPs this week. The USA economy’s final GDP reading for 2020 came in at –3.5%, the worst performance since 1946 recorded during the aftermath of WW2. The Q4 metric for US GDP growth came in at 4%, right on the forecast and falling back...
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Jan 29, 21 •
1874 Views •
Market Commentaries •
saed shalabi
Comments Off on Wall Street recovers despite the worst contraction in the US of -3.5%, the worst reading since the 1940s
The leading US equity markets bounced back on Thursday after experiencing a sell-off during Wednesday’s sessions. Wall Street banks and brokers voiced their relief after online brokers such as Robin Hood, Ameritrade and Interactive Brokers suspended trading...
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Jan 28, 21 •
1862 Views •
Market Commentaries •
saed shalabi
Comments Off on US and European equity markets slump during Wednesday’s sessions, while USD rises versus its main peers
The confusion and arguments over vaccinations from AstraZeneca and Pfizer between the UK and EU, negatively affected overall sentiment in all European equity markets. France’s CAC index ended the day down -1.26% while the UK FTSE 100 closed out the day down...
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Jan 27, 21 •
1733 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Building a credible forex technical indicator trading strategy
Technical analysis (TA) and technical indicators can work hand in hand to provide a highly credible method to trade financial markets, particularly FX markets. When this combination gets underpinned with fundamental analysis and a comprehensive trading plan...
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Jan 27, 21 •
1834 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Don’t be a Jack of all trades, be a master of one
There is a phrase in the English language that could be used in forex trading, “Jack of all trades master of none.” It refers to someone who has abilities spread across a broad range of trades and skills but isn’t an expert at one type of work. Although...
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Jan 27, 21 •
1820 Views •
Market Commentaries •
saed shalabi
Comments Off on USD falls while US equity markets struggle to find direction, GBP rises due to better than expected UK unemployment data
On Tuesday, European equity markets rebounded after some impressive earnings reports combined with a positive global growth report from the IMF to improve investor sentiment. Germany’s DAX index closed out the day up 1.66% while France’s CAC was up 0.93%....
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Jan 26, 21 •
1774 Views •
Market Commentaries •
saed shalabi
Comments Off on Germany’s business confidence falls to a 6-month low, DAX slumps, NASDAQ prints record high, USD rises
The German Ifo Business Climate indicator fell to 90.1 in January from the revised 92.2 recorded in December 2020, coming in below the market forecast of 91.8 as German companies voiced less optimism about the current domestic conditions. The reading appeared...
