The event of the past week was Pfizer's announcement that their vaccine is 90% effective. Many took this information as a victory in the fight against the pandemic. As a result, Monday became one of the most active trading days of the year, during which there was a massive exodus from safe-haven assets and an equally massive inflow of capital into risky...
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We have already written several times that the pandemic situation in the United States is becoming less and less controllable every day (160K+ new cases per day already). Currently, there is only one way to stop the worsening of an already dire situation - lockdown. The idea for a nationwide lockdown in the United States was voiced by Dr. Michael Osterholm,...
In the first 10 days of November, 1 million (!) people were infected with COVID-19 in the United States. As a result, the number of patients with coronavirus in US hospitals has exceeded 60,000. It would seem that it’s time for investors to think about a possible second lockdown in the United States after Europe. Instead, they are running out of safe haven assets...
After the euphoria that reigned in the financial markets related to the news from Pfizer (according to data analysed by Reuters, nearly $2 trillion changing hands on Monday), the markets calmed down somewhat on Tuesday. Both new pandemic records and the statement by Republicans that they support Trump's desire to challenge the election results returned to reality....
Markets were greeted Monday in high spirits over Biden's victory in the US Presidential election. But the real excitement began when Pfizer said its experimental vaccine was more than 90% effective in preventing COVID-19. Markets took this almost as a victory in the fight against the pandemic. Accordingly, the safe-haven assets were sold out, while risky assets,...
The main event of the past week was the US elections. And they were rather surprising. The Blue wave, widely expected by experts and analysts, has failed. The name of the new President was not announced until Saturday - the candidates were extremely close. But in the end, Biden won. Although Trump has not given up yet and is going to sue. So, we have the...
The events surrounding the US elections are developing according to the worst-case scenario. And it is very strange to see a flash of optimism in the financial markets. Biden is winning (looks like), but Trump has already said he will challenge the election results. Given that the country is essentially divided into two poles, the discontent of Trump supporters...
The results of the US elections, in fact, multiplied by zero all the forecasts and poll results, according to which the "blue wave" was supposed to cover the country. In real life, we have essentially a fiasco of the Democrats. According to some analysts, the credit for this is the record data on US GDP for the third quarter and a comb of macroeconomic statistics...
The main event of yesterday for the US and financial markets in general were the US elections: a new President of the United States, 35 Senators, and 435 Congressmen. The favorites in the race were the Democrats, who were expected to take control of not only the White House, but the entire Congress. Currently Biden leads, but results are not as impressive as they...
Yesterday can be called the calm before the storm. At the very least, there were no particular reasons for the recovery that were observed across the entire spectrum of financial markets. Europe is closing more and more. Austria, Spain, Italy, Greece, Belgium and other countries have already joined France, Great Britain, Germany, Ireland or are at the stage of...
The past week turned out to be extremely eventful with very important fundamental events. Its main result was a radical change in market sentiments. Neither record GDP growth rates in the US and the Eurozone, nor excellent reporting by US corporations could change the negative mood. We will talk about this and much more in today's review. After it became finally...
Thursday was a recovery day after Wednesday's sales. The reasons for the pause were the peak of the earnings season in the US, as well as the US GDP data. US GDP growth in the third quarter exceeded the average expectations of analysts and amounted to a record 33.1%. However, this figure should not be taken as a sign of the end of the problems in the US and world...
Judging by what happened in the financial markets yesterday, the stage of acceptance is finally coming. All those fairly logical and obvious things that we have mentioned over the past weeks and which have been so stubbornly ignored by financial markets are beginning to be realized in prices. Rise of the Japanese yen, a drop in US Treasury yields, an increase in...
The earnings season in the US is approaching its peak (it will happen on Thursday). But it is already clear that it will not be a super-breakthrough, as many believed on the eve of its launch. Yes, analysts' expectations were again greatly underestimated, as a result the companies demonstrate results better than forecasts. But better than forecasts does not mean...
The biggest week of the Q3 earnings season started with a very minor chord. SAP lost about $ 30 billion (!) of capitalization after the publication of quarterly reports and the fall of shares by 17%. The German software maker (also one of the largest technology companies in Europe) said it is going to reverse its business to the cloud technilogies. This will...
The past week was marked by the pandemic reaching a fundamentally new level. The situation in Europe is many times worse than in the spring, and what is most regrettable is that every day everything is only getting worse. The United States seems to be entering the third wave, and the world as a whole records 400K new cases per day. The announcement of lockdowns...
Yesterday's data on jobless claims in the US clearly showed that the markets are now interested in nothing but stimulus in the US. The jobless data came out, if not excellent, then certainly good. At least in terms of tendency. The number of individuals who are currently receiving unemployment benefits fell by a million during the week, and initial ones decreased...