-
Jan 8, 21 •
1860 Views •
Market Commentaries •
saed shalabi
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...
-
Jan 7, 21 •
910 Views •
Market Commentaries •
saed shalabi
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...
-
Jan 6, 21 •
1365 Views •
Market Commentaries •
saed shalabi
Comments Off on Oil breaches $50 a barrel, copper prints an eight-year high, ISM manufacturing reading comes in over 60
WTI crude oil futures breached $50 per barrel for the first time since February 2020 and rose by 4.68% during Tuesday’s trading sessions. Major oil producers agreed to maintain existing oil output levels into February and March. Saudi Arabia agreed to a...
-
Jan 5, 21 •
1311 Views •
Market Commentaries •
saed shalabi
Comments Off on Equity markets whipsaw in wide bearish ranges on first full trading day of the year
European and US equity markets experienced volatile trading conditions during Monday’s trading sessions. The reasons were various. The leading UK index the FTSE 100 enjoyed a significant rise during the London open due to Brexit fears fading and optimism...
-
Jan 4, 21 •
1426 Views •
Market Commentaries •
saed shalabi
Comments Off on Monday is a busy day for economic calendar data releases, as markets recommence trading after the holiday period
Global equity, FX and commodity markets reopened on Sunday evening after the Xmas and New Year holidays. The ongoing economic events that dominated markets in the US and EK and Europe; the Pandemic Relief Bill and Brexit are now over. Therefore, investors and...
-
Dec 31, 20 •
1569 Views •
Market Commentaries •
saed shalabi
Comments Off on GBP USD prints thirty-one month high as DJIA closes at a record high
Sterling rose during Wednesday’s trading sessions as the UK parliament voted the Brexit agreement into law the day before the UK officially ends the transition trading period, which has insulated the UK from economic damage throughout 2020. From January 1...
-
Dec 30, 20 •
1679 Views •
Market Commentaries •
saed shalabi
Comments Off on Equity markets slip from record highs, the US dollar falls versus all its peers, gold holds recent gains
After the Xmas break, several market indices printed record highs before retreating in the first full day of financial trading after the Xmas break. The UK FTSE 100 was closed other than for futures trading on Monday, and investors made up the lost ground on...
-
Dec 29, 20 •
1645 Views •
Market Commentaries •
saed shalabi
Comments Off on US markets rise after Pandemic Bill becomes law; Euro markets rise after Brexit deal approved
The German DAX 30 index printed a record high during Monday’s trading sessions due to the Brexit deal getting ratified by the EU council members. The index closed 1.46% up at 1,375 and is up 2.96% year-to-date. In contrast, the UK FTSE 100 is down -14.50%...
-
Dec 28, 20 •
1604 Views •
Market Commentaries •
saed shalabi
Comments Off on Investors and traders await approval of the Pandemic Relief Bill, while markets absorb the Brexit deal impact
Because Boxing day fell on a Saturday, many countries are classing Monday 28 as a bank holiday; therefore, several trading markets will be closed. The equity markets in the UK, Canada, New Zealand and Australia will be closed. Markets in Germany, Italy and...
-
Dec 24, 20 •
1393 Views •
Market Commentaries •
saed shalabi
Comments Off on Sterling rises due to rumours of a Brexit agreement; US equity markets keep gains
GBP pairs rose sharply during the New York trading session after rumours emerged that the UK and EU negotiating teams had finally (after 9 months) reached a compromise in their Brexit discussions. Analysts and traders are waiting for further detail of the...