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Jan 20, 21 •
19 Views •
Market Commentaries •
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Global markets roared back into life during Tuesday’s sessions as US equity markets reopened after the Martin Luther King Day national holiday on Monday. By the time the London-European markets opened, Asian equity markets had experienced mixed fortunes;...
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Jan 19, 21 •
28 Views •
Market Commentaries •
Comments Off on Chinese GDP growth beats the news-agency forecasts, as USD registers gains versus several currency peers
During the Asian trading session on Monday morning, China’s latest GDP figures became available for analysis. The economy grew by 6.5% during the final quarter of 2020, beating the consensus forecasts of 6.1%, rising from the 4.9% recorded during Q3 2020....
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Jan 18, 21 •
35 Views •
Market Commentaries •
Comments Off on Q4 2020 earnings reports could dictate market direction this week
US equity markets closed the week out down during last Friday’s New York trading session. Investors and analysts took on board data revealing that both US consumer sentiment and retail sales are falling. Retail sales in the US slumped by -0.7% in December,...
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Jan 15, 21 •
62 Views •
Market Commentaries •
Comments Off on Germany records its first recession since 2009, while unemployment increases by almost one million in a single week
Germany’s economy contracted -5% during 2020 according to the final GDP statistics published on Thursday morning. The contraction beat the news agency forecasts which predicted a metric of up to -5.7%. The negative reading is entirely due to the COVID-19...
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Jan 14, 21 •
38 Views •
Market Commentaries •
Comments Off on US inflation rises as does the US government deficit, USD rises consequently
Two high impact economic data affected the value of USD during the trading sessions of Wednesday 13. Inflation (CPI) came in at 1.4% annually due to a 0.4% rise month on month, an 8.4% gasoline cost rise for consumers was the main driver for the increase. The...
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Jan 13, 21 •
82 Views •
Market Commentaries •
Comments Off on USD slips versus its peers, as GBP/USD approaches the two-year high printed last week
The US dollar fell versus most of its peers during the Tuesday, January 12 trading sessions. The dollar index (DXY) gave back most of the gains recorded so far during 2021 to end the day trading -0.39% down but up 0.21% year-to-date. In a negatively...
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Jan 12, 21 •
83 Views •
Market Commentaries •
Comments Off on US equity markets slip from record highs, USD continues its recent rise versus main peers
US equity indices fell from last week’s record highs, apparently due to investors finally beginning to question quoted firms’ fundamental valuations as analysts start to audit earnings during the approaching earnings’ season. The SPX 500 fell by -0.52%...
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Jan 11, 21 •
41 Views •
Market Commentaries •
Comments Off on Equity markets and USD appear primed to rise during the coming week
COVID-19 will continue to dominate the headlines over the next few weeks. Several countries have reverted to versions of the strict lockdowns they first implemented in March and April 2020. However, the US, UK and European nations are pinning their hopes on...
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Jan 8, 21 •
37 Views •
Market Commentaries •
Comments Off on US equity markets print record highs, taking the US dollar with them
The NASDAQ 100 rose by 2.35% during Thursday’s New York session, coming close to a record high and threatening to breach the 13,000 round number level for the first time in its history. The SPX 500 printed a record high, breaking through the 3,800...
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Jan 7, 21 •
32 Views •
Market Commentaries •
Comments Off on UK bank and energy stocks powered FTSE 100 rise, US equity markets rise despite Trump’s attempt to create sedition
UK stocks closed 3.47% up on Wednesday, January 6 after energy and banking stocks rose considerably due to the recent OPEC agreement restricted oil production and post-Brexit optimism for the banking sector. The Markit services figure rising to 49.4 for...