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Feb 8, 21 •
1963 Views •
Market Commentaries •
admin
Comments Off on Inflation data and GDP results are the focus for analysts and traders this week
Investors will monitor COVID-19 figures and the vaccines’ progressive rollout this week. The concluding chapter of the new US stimulus package was closed on Friday, February 5 after Vice President Kamala Harris used her deciding 50/50 vote in the Senate, to...
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Feb 5, 21 •
1930 Views •
Market Commentaries •
admin
Comments Off on US equity indices approach record highs, European indices close positive for the fourth session in series
Signs that the Labour market is improving in the USA combined with encouraging earnings figures helped drive leading US equity indices to near-record highs during Thursday’s New York session. The weekly jobless claims number came in below Reuters forecast...
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Feb 4, 21 •
1696 Views •
Market Commentaries •
admin
Comments Off on Equity and currency markets trade in narrow ranges due to inconclusive calendar data
WTI oil ended the trading day close to a yearly high on Wednesday, due to US reserves falling sharply (by close on 1 million barrels) during the week according to the latest data from US authorities. At 21:40 UK time, the commodity traded at $55.82 a barrel...
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Feb 3, 21 •
2010 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 2, 21 •
1953 Views •
Market Commentaries •
admin
Comments Off on Silver prints an eight-year high, US factory growth slows, oil rebounds from early session losses
Silver’s market price rose to an eight-year intraday high of just over $30.00 per ounce during Monday’s trading sessions, breaching R3 before slipping under that critical psyche handle, ending the day trading close to R2 and at $28.78, up 6.79%. Analysts...
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Feb 1, 21 •
1946 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 •
2006 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 •
1993 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 •
1952 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 •
1909 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...
