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Overnight on Wall Street: Wednesday 03 February 2021
Equity markets US Equity markets soared last night with strong corporate earnings, stimulus bill progress and promising progress on US COVID vaccination rates. European markets trailed along posting strong gains and United Kingdomn and Asian markets are looking to open solidly in the green. Dow Jones up 475 (1.57%) NASDAQ up 209 (1.56%) DAX up ...
Overnight on Wall Street: Thursday 28 January 2021
Equity markets US and European Equity markets suffered a considerable drop last night with the S&P 500 (US500) posting its worst session since October and European markets their worst session of the year. The FOMC policy statement overnight struck a less dovish tone than investors had hoped for, while the central bank kept benchmark interest ...
Overnight on Wall Street: Thursday 21 January 2021
Equity markets US markets pushed decidedly higher last night with the S&P 500 (US500) hitting record highs on the optimism that federal spending will revive growth and support corporate earnings with the new Biden administration inaugurated. The NASDAQ 100 (NDX100) jumped more than 2% as Netflix (NFLX.NAS) surged after reporting solid earning...
Overnight on Wall Street: Wednesday 20 January 2021
Equity markets US equity markets rallied Tuesday as traders returned from the long weekend. Tech stocks outperformed with the Nasdaq (NDX100) up more than 1.5% on the back of signs of mounting support for significant fiscal stimulus. Reporting earnings tonight will be Procter & Gamble (PG.NYSE) and Morgan Stanley (MS.NYSE) Source: Yahoo Fi...
Overnight on Wall Street: Tuesday 19 January 2021
Equity markets With the US equity markets closed in observance of Martin Luther King day it was a quiet night on European exchanges with little change of mixed performance. Yesterday we saw China GDP q/y beat expectations which made it the only major global economy to grow in 2020. We saw rallies in the China A50 index and the Hang Seng (HK50) o...
NZDJPY – Kiwi Gathers Momentum Eyeing 77.88
NZDJPY- Daily NZDJPY- The Japanese Yen finally regained some ground against the US Dollar during this afternoon's London session but continues to display weakness against many of its counterparts. In particular, the NZDJPY and AUDJPY crosses remain technically bullish in the short-term. Looking at the NZDJPY daily trend, we see a validated bull...
Crude Oil – Saudi Production Cuts Spark Rally
USOIL- Hourly USOIL- It's been an impressive start to the year for Crude Oil prices so far, with prices steadily rising to over $50 per barrel and returning to pre-pandemic levels. It would seem many underestimated such a speedy recovery. Still, with the general uptick in global commodity prices and a pledge from Saudi Arabia to cut production ...
EURUSD – Goldman’s 1.28 Estimate Matches P&F Analysis
EURUSD- Point & Figure EURUSD- The overall weakness of the US Dollar continues to dominate much of the FX markets at this stage. Despite a slight uptick in USDJPY this afternoon, the longer-term picture is starting to suggest more of the same, particularly against a much stronger Euro. In September, Goldman Sachs mentioned a 12-month price ...
Overnight on Wall Street: Wednesday 06 January 2021
Equity markets It was another mixed performance in the global stock market on Tuesday. European stocks were mostly under pressure while the US share market ended with modest gains ahead of the run-off elections results. In the European markets, while oil and gas stocks rallied on the back of a compromise regarding production cut, investors were c...
Overnight on Wall Street: Tuesday 05 January 2021
Equity markets Global equities started the new year on a mixed note as investors digested the rising number of coronavirus cases in major economies, further social distancing measures and lockdowns, and the runoff elections in the US which will likely determine the first two years of the Biden administration. European stocks rallied on Monday li...
