Wednesday Asian markets were blissfully up, induced by the results of Tuesday’s Earnings reports. Despite AT&T’s fall out. Today the market will be attentive to reports from some 244 companies amongst them are Facebook Inc. (FB), Brinks Co, (BCO), Qualcomm Inc. (QCOM), Wix.Com Ltd,( WIX) to name a few, as well as remaining in search for […]
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A Busy Day For Q2 Earnings Report Announcements.
Market Participants are looking forward to a more positive trading day than yesterday, with the Financial Calendar, teaming up with Economic events, coupled with some 126 Companies including Lockheed Martin Corp. (LMT), Harley-Davidson Inc. (HOG), and AT&T Inc. (T), delivering their earnings reports today. Volatility could almost be measured around the various times of release. […]
The USD Shoots for the stars!!
Following the initial statements of US Fed Chairman. Jerome Powell, in which he renders his commitment for a gradual rate hike. Markets took this as bullish for the USD. The USD consolidated back to 6-month highs. The US Dollar Index, DXY, which measure the strength of the USD vs. A usual basket of 6 majors, […]
Is the Market Resurrecting?
The Market shakes off Wednesday’s gloom and gears up into recovery mode ahead of several economic events scheduled for the day namely the WASDE, World Agriculture Supply & Demand Estimates announcement, which will impact consumable commodities, The Euro-group Meeting, Industrial Production for the EU, US Consumer Confidence, US Initial Jobless claims report and the Russian […]
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 […]
Trade Disarray Spiced with US-GDP Reports
The USD strengthened against a basket of other major currencies, ahead of today’s US Gross Domestic Product (GDP) reports scheduled for 13:30 GMT. USD/JPY was at 110.32 with a rise of 0.06% traversing between 109.97 – 110.42 by 08:00GMT. It is evident that volatility is heightened as the day is laced with other Economic […]