A big day has come for the US equities, and global financial markets in general. FOMC is set to announce another rate hike this evening at 7:00 pm BST. There is a scope for a surprise as economists and major banks are divided on whether the hike will be by 50 basis points or by […]
Archive for June 15th, 2022
Archive for June 15th, 2022
Archive for June 15th, 2022
15
Jun
Jun
All eyes on The Fed
European indices set for higher opening Fed rate decision at 7:00 pm BST ECB calls emergency meeting Stock markets in Europe are set for a higher opening of the cash trading session today. Moods improved following the release of better-than-expected activity data from China overnight. EUR is trading higher as ECB called an emergency governing […]
15
Jun
Jun
Good Morning Traders
US indices finished yesterday’s trading mostly lower. S&P 500 dropped 0.38%, Dow Jones moved 0.50% lower and Russell 2000 declined 0.39%. Nasdaq was outperformer as it gained 0.18%. Moods improved slightly during the Asian session following release of better-than-expected data from China. Nikkei, S&P/ASX 200 and Kospi traded lower but indices from China rallied. DAX […]
10
Jun
Jun
Bearish Bearish Cryptos
The cryptocurrency sector is showing weakness again by the end of the week. Bitcoin moved below $30,000 after lower opening among the US indices. Smaller cryptocurrencies are in red now. Altcoins such as Chainlink and Cardano are losing even more than 7% today despite lower volatility in previous days. The crypto market seems to be ‘abandoned’ by short-term […]
10
Jun
Jun
Talking USD/CAD
US CPI report for May is a key macro release of the day. While median consensus among economists is for the headline price growth to stay unchanged at 8.3% YoY, there were reports saying that White House is actually expectating a higher reading as high oil prices start to be reflected more at the pump. […]
10
Jun
Jun
Calendar For Today US CPI Inflation
European markets set for a lower opening US CPI inflation expected to stay unchanged in May Canadian jobs report for May at 1:30 pm BST Futures markets point to a lower opening of the European cash session today. Pandemic situation in China is yet again denting moods on the markets. Wall Street as well as […]
10
Jun
Jun
Good Morning Traders
US indices finished yesterday’s trading with a big drop. S&P 500 dropped 2.38%, Dow Jones moved 1.94% lower while Nasdaq slumped 2.75%. Russell 2000 dropped 2.12%. Indices from Asia-Pacific follow the US lead and also trade lower. Nikkei drops 1.3%, S&P/ASX 200 trades 1.0% lower and Kospi declined 1.1%. Equities in China traded higher. DAX […]
09
Jun
Jun
ECB Review
High inflation, projections have been raised Energy prices, lower supply problems will lead to lower inflation High inflation is a major concern for all Projection for this year raised to 6.8% from 5.1%, for next year raised to 3.5% from 2.1% QE is coming to an end, reinvestments will continue for a longer period, ECB […]
09
Jun
Jun
Bearish DAX 30
The German benchmark index continues its short-term downtrend (H4) on Thursday. D1 chart The DE30 continues its decline, falling to its lowest level since 26 May. From this week’s high reached on Monday, the index has lost over 500 points in value. If the break below the low at 14,304 points is long-lasting, sellers could […]
09
Jun
Jun
UBS Bullish Tesla
UBS analysts upgraded Tesla to ‘Buy’ today, pointing to 50% upside potential in the face of surprisingly higher sales of Chinese-made cars: The European Union passed a law yesterday that will ban the sale of new cars that emit exhaust fumes after 2035, potentially increasing the market for electric car manufacturers and forcing major companies […]