Various factors have conspired to prevent U.S. equity markets reaching new record highs over recent sessions. President Trump reigniting the tariff war threats versus China and profit taking have stalled the previous, consistent rises. However, earnings season hasn’t provided the stimulus many expected, preventing markets from breaking upwards to print higher highs. At 8:40pm U.K. […]
WTI oil slumped by circa 4.0% at one stage during the New York trading session after Iran’s foreign minister talked about a “path to new talks” and President Trump stated in a cabinet meeting on Tuesday that he’s “not looking for regime change” in the country. At 20:25pm U.K. time WTI oil traded at $58.05
Investors and traders of USA equities struggled to discover renewed justification to push the leading indices above the recent highs during Monday’s New York session, at 19:00pm U.K. time the SPX traded down -0.10% as the NASDAQ tech-index traded up 0.04% posting a new record intraday high of 8,264. Although the main U.S. markets are
The U.S. equity markets maintained their gravity defying rises last week as the DJIA, SPX and NASDAQ indices all continued to take out record highs. It’s worth noting that the DJIA finally broke through the 20,000 level in January 2017 and here we are, thirty months later and 27,000 has been breached representing a thirty-five
The dislocation between the record rises in U.S. equity indices and various aspects of what could be termed “the real economy” in America continues. Many analysts have cited that outflows from the wider markets, such as from hedge funds, are at levels not seen since the depths of the Great Recession. However, many funds and
DJIA breaches record 27,000 as U.S. deficit misses forecasts Read More »
The SPX equity index broke through the psychological handle of 3,000 for the first time in its history on Wednesday before Jerome Powell actually delivered his testimony, during the first day of his two-day appearance in front of the finance committee panel up on Capitol Hill. In a deliberately leaked part of his statement and
U.S. dollar sells off as equity indices rise after Jerome Powell’s testimony Read More »
GPB/USD slumped to a two year low during Tuesday’s trading sessions printing a low of 1.243, a level not witnessed since Q2 of 2017. The major pair traded in a clearly defined bearish trend, breaching the third level of support and at 20:50pm U.K. time the pair referred to as “cable” traded down -0.40%. Although
Forex traders experienced frustration during Monday’s trading sessions as price action amongst the majority of currency pairs was thin on the ground. Price of the major currency pairs mostly traded in narrow ranges, moving sideways and offering up very little in the way of trading opportunities. There was a distinct lack of high impact calendar
The U.S. equity markets suffered a minor and temporary blip on Friday July 5th after the surprise NFP job creation number for June beat forecasts by some distance, the report suggested that the USA is currently experiencing a boom in employment prospects. Counter intuitively U.S. equity markets sold off sharply as the encouraging NFP data
The USA and U.K. will be the focus for high impact calendar events this week. Read More »
XAU/USD rose through the $1,330 per ounce level for the first time in several months, during Monday’s trading sessions. Investors and traders sought solace and refuge in the precious metal and other safe haven assets, due to the continued nervousness relating to trade wars and tariffs. At 20:10pm U.K. time, gold traded at 1,328, up
