Markets Enter August With Risk Appetite – US Trading Session Update
The dollar index has staged a retracement , up +0.41%. This is likely a technical correction supplemented with positive manufacturing data after weeks of heavy selling. According to ING, the 94.50 level will be a difficult level for the index to clear.
GOLD TO $2,000? (What’s Next?)
Both Gold and Silver rose sharply overnight, with gold up 0.80% as we head into the London open, on track to posting its best month in 8 and half years.
Dollar Index Back Under Pressure As Markets Brush Off ‘Supportive FED’
Dollar Index slips key 93.00 level with global equity bourses under pressure. GBP/USD continued its aggressive bullish run, breaking above 1.3100 during Asian trading hours. Northern England has had to revert back to a lock down state as virus cases pickup heading into the summer
Qualcomm Stock Tops $100 Mark for First Time on Robust Outlook
Qualcomm stock price soared more than 10% after easily beating third-quarter revenue and earnings estimates. Despite slowing smartphone production due to pandemic, the stronger than expected outlook for the final quarter added to investor’s sentiments. Qualcomm stock crossed the $100 mark for the first time in history and JP Morgan added it to its focus […]
Markets Await Important FOMC Meeting Today
US equities lower amid continued uncertainty. AUDUSD higher as CPI falls by less than expectations, indicating a stronger than expected economy which is a positive sign considering the recent COVID-19 outbreaks in state Victoria.
AMD Stock Skyrockets After Topping Estimates
AMD stock price soared more than 10% in post-market trading as the company easily topped both revenue and earnings estimates for the second quarter.
European Stock Markets Under Pressure, But Morgan Stanley Expects 10% Rebound
European stock markets futures rebounded on Tuesday after ending lower on Monday. The investors have been reacting negatively to a surge in coronavirus cases and tensions between the two largest economies.
FX Technical Daily – 27th July
AUD/USD is currently forming a ‘right shoulder’ pattern. Previously candles have been trading in a choppy range.
FX Daily Update – US and China Tensions Spook Markets
Tensions between the US and China elevate. Weakness in the dollar index has kept G10 FX upbeat
Apple Stock: Fundamentals Don’t Support Valuations, Analyst Says
Apple stock price soared sharply this year amid the broader market tech rally and investors optimism over 5G supported devices.
Forex Updates Concerning US Jobless Claims
Asian stocks fall as US-China tensions rapidly built. Disappointing US data yesterday has added negatively risk sentiment. UK retail sales and PMI came in much better versus estimates