Daily Market Comment – Dollar and stocks jump, but trade worries keep investors on edge

Posted on November 28, 2019 at 9:27 am GMT

Solid US data dispel economic slowdown concerns, send dollar & stocks up Yet, optimism takes a hit after Trump signs Hong Kong bill, enraging China Sterling lifted by Yougov model projecting a clear Conservative victory Dollar and stocks climb on strong data, but China worries curb optimism Worries that the American economy may be headed for a recession took a breather yesterday, after the latest batch of US data beat forecasts, sending the dollar higher alongside Treasury yields as traders [..]

Daily Market Comment – Trump teases negative rates, spooks dollar

Posted on November 19, 2019 at 9:04 am GMT

Dollar drops as Trump meets Powell to discuss interest rates and FX US stocks shrug off negative trade headlines, claim new record highs Aussie pulls back after RBA minutes, but recovers Dollar retreats as Trump discusses negative rates with Powell Fed Chairman Jay Powell met with President Donald Trump on Monday to discuss the economy. The latter then tweeted out that the conversation centered around how high US interest rates are relative to other advanced economies, the prospect of negative [..]

Daily Market Comment – Pound slips after Johnson calls December election; dollar edges up

Posted on October 25, 2019 at 8:04 am GMT

British PM Johnson calls for an early election in December, but opposition parties are not so sure Pound dips on election uncertainty; euro also slides after Eurozone PMIs disappoint Mixed US data supports dollar, but Fed still expected to cut next week Is UK headed for pre-Christmas election? UK Prime Minister Boris Johnson has called for an early election on December 12 to break the latest Brexit impasse in Parliament. However, it is unclear if he will win the required [..]


Microsoft to report another solid quarter; focus on cloud computing – Stock Market News

Posted on October 22, 2019 at 4:38 pm GMT

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on Microsoft’s fastest growing revenue division. Strong earnings expected for September quarter The Company has been consistently meeting or beating its earnings estimates over the last [..]


Technical Analysis – US100 index bulls wait above symmetrical triangle

Posted on October 15, 2019 at 1:10 pm GMT

US100 stock index looks to be filling a symmetrical triangle in the daily chart as the market managed to register another higher low this month at 7,460 but it remained below the resistance line drawn from the 8,033 record high. According to the RSI and the MACD an upward move is more likely than a downside correction as both indicators are pointing up in the bullish area. Questions, however, remain about whether the bulls are strong enough to close above the downward-sloping [..]


Technical Analysis – US100 uptrend in consideration after lower high

Posted on September 23, 2019 at 12:44 pm GMT

US100 stock index is keeping its higher lows connected with an ascending trend-line drawn from the end of December, but the lower high registered at 7,976 earlier this month has brought some doubt about whether the market will stretch its uptrend to a new record high anytime soon. The momentum indicators are currently reducing the odds for such a case as the MACD seems to be making its way down under its red signal line and the RSI has reversed back towards [..]


Daily Market Comment – Sterling feels the burn; Trump plays trade ‘hardball’

Posted on August 12, 2019 at 7:55 am GMT

Sterling resumes downtrend as UK economy shrinks, Brexit fears intensify Yen extends gains after Trump says he isn’t ready to make a deal Calendar practically empty today, in a thin liquidity environment Pound feels the burn as UK economy contracts The British pound remains the ‘sick man’ of the FX market, plummeting to a new three year low against the euro on Friday, after the latest GDP figures showed that the economy contracted in Q2 for the first time since [..]

Daily Market Comment – Fed rate decision dominates a busy agenda

Posted on July 31, 2019 at 7:42 am GMT

Dollar may gain briefly if Fed only cuts rates by 25bp today Stocks feel the heat as Trump cranks up the trade rhetoric Flurry of key data due out of the Eurozone, US, and Canada Fed meeting: One cut at a time The main event for today will be the FOMC rate decision at 18:00 GMT, which will be followed by a press conference from Chairman Powell. The central bank is virtually certain to slash rates, so the real question [..]

Daily Market Comment – Euro skids lower ahead of ECB; pound lifted by Johnson spending pledge

Posted on July 25, 2019 at 8:10 am GMT

Euro struggles near two-month lows as ECB decision is awaited Pound bounces higher after new prime minister signals big spending increases US dollar clings onto gains as Wall Street hits another record and trade talks make headway Euro mired by Eurozone doom and gloom Following yesterday’s poor Eurozone PMI readings, there was little support for the European common currency on Thursday as investors anxiously awaited the outcome of the European Central Bank’s monetary policy meeting later today. The euro was [..]

Daily Market Comment – Euro area PMIs disappoint; Dollar powers through competition

Posted on July 24, 2019 at 8:10 am GMT

Euro area PMIs disappoint, raising bets for a dovish ECB tomorrow US dollar outperforms, without any clear catalyst Euro/franc falls below 1.10 – will the SNB intervene soon? Euro slips as disappointing PMIs fuel ECB bets Preliminary PMI data out of France and Germany for June have just been released, and were disappointing overall. While the service sector numbers were more or less in line with forecasts, the manufacturing figures fell substantially, with the French print touching the neutral 50 [..]

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