Has the market gone “Crazy”? in a prudent anticipation for some relief. The Tech industry bolstered the market yesterday. With Twitter releasing amazing reports. Which sent its share prices rallying lows of 27.25 to highs of 33.70 before letting out some steam. Amazon followed suit with a surge of 7% from 1,653.99 -1,793.04 before easing […]
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A Big Week for Q3 Earnings Report In A Respite Market
It’s a big week for Q3 earnings report amid a respite market. As the week starts with a storm of events likely to push markets to their limits. With about 150 companies releasing their earnings reports, Amid Fed Speeches, reactions to the Italian budgetary woes which weighs on the EU. Contemplations on the progress of […]
Boxing-Micro fundamentals, US Yields drives Market Post NFP.
The week begins with a reflection on Friday’s disappointing NFP report which added only 134,000 new jobs as opposed to the expectation of 185,000. Investors were taking aback some resorting to hedging with the safe havens and taking advantage of the plight of the EUR and GBP. The US market opens for business albeit Columbus […]
US Jobs Reports (NFP), Meets Profit-taking Friday
Arriving at the end of another very active week coupled with the usual profit-taking and US jobs report (NFP). As the USD maintains its strong stance with slight downward corrections. Global Stocks: Have not recovered from the bearish mode. As China enters into the 3rd day of National Day commemorations. Meanwhile, Asian shares linger, EU shares […]
It’s the Final Countdown To The US Rate Decision With Crude & Gasoline Inventories Report
The final countdown to today’s Fed rate decision and USD remains subdued. Largely because about 98.04% of market participants have already priced in the uptrends of the USD. Hence the expectation is for the FOMC to hike by 0.25% to 2.25%. Should the FOMC decide otherwise, we could see a short yet steep reversal in trends. […]
Markets Embrace Tariff Announcement With Oil Climbing
Markets embrace the announcement of tariffs with oil climbing, uncertainties surrounding the US-China tariffs spats which have been plaguing market sentiments for months was announced late Monday, however by Tuesday the market had still not deciphered the implication. The US demands 10% on $200 billion worth of Chinese goods exempting some Tech companies like Apple from […]