The First market weekend of 2019 laced with faltering optimism. Market participants hoping to book some profits ahead of the weekend laud to the economic events set to be released during the day. Amongst the deluge of reports is the UK’s HPI, EU Core PMI, US NFP, US Crude Oil Inventories, and Baker Hughes Rig […]
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Profit-Taking, Optimistic Mood, Market Short Bounce.
Asian Markets continues to be bolstered by the cordial reception of both the US and China to enter further rounds to curb the escalating trade tiffs. The optimistic mood was carried to the European Markets, helped by Apple.Inc shares. Global Stocks: Are thus hawkish for the most part and flat in the worst case scenario […]
BOJ Stays Pat, Commodities Down, FX Jingles
As reported in previous articles, The BOJ, Bank of Japan left its Interest rate unchanged at -0.1% with a “Forwarding Guidance” to keep short and long-term rates very low for as long as needed. This and the fact that almost all the Economic Indicators, such as Industrial Production, Unemployment Rate fell short of market expectation. […]
Jobs Reports Boost Market Sentiment
Friday’s US NFP, Non-Farm Payroll one of the most popular economic indicators, in gauging the strength of the economy was released with mixed undertones. The report revealed 213,000 jobs were created for the month of June versus estimations of 200,000 which was good sending the USD up. However, the rally was short-lived as the unemployment […]
Without Any Concrete Concessions, Market participants Jump
Without any concrete concessions, Market participants had excitedly jumped on the bandwagon that trends were going to surge with the US & China back at the table and perhaps the prospects of future US rate hikes were put on a slow burner. Unfortunately, the trends could not carry the sentimental burden much further without a […]
Murder He Wrote? Rattles Market Nerves.
Markets Cringe with the possible retaliatory action from the US against Saudi Arabia in the Murder of the journalist, Jamal Khashoggi. The Turkish president Erdogan has promised a very detailed revelation of the events that took place to his parliament and citizens. Meanwhile, investors are taken aback as Monday’s Earning reports were unable to shake […]