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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...
Week Ahead: Equities slide, US Dollar rallies and Reddit raids silver?
Wall Street suffered a 2% sell off on Friday capping off a poor week for global equity markets. All major European, Asian and US Indices finished decidedly in the red as stimulus euphoria post the new US administrations inauguration seems to have f...
Wall Street vs. Main Street
It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%. We al...
See-sawing equity markets, US Dollar strength and stimulus hopes
Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the...
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 str...
EURGBP – Sterling Applying The Pressure
EURGBP – Hourly Since the 12th of January, we've seen much choppy price action in the EURGBP cross, with Pound Sterling applying the more significant selling pressure. This shorter-term bearish bias is what we'll be looking at in today's Chart...
Week Ahead: US Earnings season, FOMC and weaker than expected Oil demand
Major US, European and United Kingdomn Indices made modest gains last week, despite a Friday sell off on Wall St. Traders will have no shortage of news to digest this week, with the Federal Open Market Committee’s January policy meeting, major tech co...
Stimulus euphoria leads to all time highs, a new US administration and Bitcoin bust
We had an eventful week on global markets with the inauguration of a new US administration and a dovish stance from the European Central bank fuelling hopes of extended fiscal stimulus in the new year. Equity markets Risk appetite got a boost this ...
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. Th...
COTD: FTSE100
FTSE100 – Point & Figure The FTSE 100 looked to ride the tailwinds of positive sentiment sweeping through US markets today but instead failed to maintain a reasonable start, ending the session down and 7 points in the red. However, the lon...
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 ear...
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 ma...
Preview: the Bank of Canada rate decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is a rate a...
Week Ahead: Equity markets take a breather, US dollar strength and Crypto pullback
Major Indices took a breather last week, with US equity markets closing down more than 1% after posting record highs the week prior. In economic news, the incoming US administration announced a $1.9 USD trillion fiscal-stimulus plan that aims to co...
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 remai...
