As Market Participants get ready for the weekend coupled with some profit-taking, it is noteworthy to acknowledge the delivery of Q2 earnings report from some 61 companies such as; Chevron Corp.( CVX), Colgate-Palmolive Co. (CL), Exxon Mobil Corp. (XOM), Twitter Inc. (TWTR) to name but a few. McDonald’s and Chipotle shares did beat market expectation. An […]
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A New Week Laced With Uncertainties & Earnings
This week the market will be reacting to ongoing Trade Tariffs saga, heightened by US President Trump’s threat to impose another $500 billion on Chinese goods. Market participants will be following developments from ongoing Q2 earnings season reports from a wide range of industries, Banking, Tech, Pharma, and Health are the most dominant ones. Oil traders […]
US President Trump rocks market’s boat.
Just as the Market was contemplating and looking for further direction, following Fed Chair’s Powell’s upbeat summation before Congress on Tuesday & Wednesday. President Trump fired at the FOMC for hiking interest rates. Stating that a stronger dollar puts the US at a disadvantage. Naturally, the USD lost some of its lusters, by the time […]
US-Russia,China-EU summits & Q2-Earnings
Market Participants are paying attention to the outcome of US President Trump and Russian President Putin’s Summit in Finland’s Helsinki. The USD fell from 6-months highs. Paving way for other majors to climb up against the USD. As the Second week of the 2nd quarter earnings season set in. Netflix, (NFLX) Bank of America (BAC), […]
Pre-US Independence day
Another market day begins with the US Independence Holiday looming, The USD retreated slightly Tuesday morning, even though it remains highly supported. The EUR with a basket of other major currencies rallied from yesterdays lows. EUR/USD increased by 0.20% to 1.1662 by 07:50 GMT trending in a tight range of 1.1664-1.1664. However, it does have […]
GBP, CAD Gross Domestic Product & Trade Respite
The GBP and CAD are poised up tacking on gaining ahead of their respective GDP Gross Domestic Product reports. GBP/USD was up 0.34% by 08:00GMT ranging between 1.3069 -1.3184 while CAD/USD gained 0.28% to trend between 0.7534 – 0.7574. Further upside is expected with some Analyst predicting a favorable outcome for the GBP & CAD. […]