Markets have desperately refused to acknowledge reality. Forecasts of the World Bank, OECD, estimates of leading investment banks - all were by no means. But the gloomy Fed estimates of the future US economy in 2020 (-6.5%) seem to have been able to provide some effect. As a result, the level of fear in the financial markets has risen quite sharply. This was...
The main event of yesterday was the announcement of the results of a two-day meeting of the Federal Open Market Committee. The monetary policy parameters did not change, but the markets were expecting for this. All attention was focused on updated forecasts of US economic growth. Recall that the Central Bank gave the latest assessments back in December 2019. FED...
The 2nd cloud in the Ichimoku indicator (composed of the Base Line and Conversion Line) tells us that * when the price enters the range, it's bound for change. * S&P500 recently rallied. Now it's settling down according to these cloud calculations. docs.google.com
The US stock market in the technology sector (Nasdaq) this week showed a new historic high. The more traditional and wider SP500 index reached the marks where the year began. Just like there was no lockdown and pandemic, economic halt and 42 million unemployed, there were no mass bankruptcies of companies with 100 or even 200 years of history (thousands of large...
The start of the week was not the best for the euro. After two weeks of growth, which resulted in the strengthening of the euro against the dollar by more than 600 points, the fuse of buyers has dried up. Firstly, sooner or later it was necessary to take profits anyway, and secondly, yesterday there was a reason for this. We are talking about disastrous data on...
Last week was extremely busy both in terms of price dynamics in the financial markets and the news. The main political theme was protests in the United States and a sharp decrease in Trump's ratings against this background. All these put pressure on the dollar and brought the Dollar Index to the lowest levels since March. However, not everything was so gloomy...
The main event of yesterday was the ECB's decision to expand the quantitative easing program by another 600 billion euros (analysts expected an increase of 500 billion euros). As a result, the size of the program has inflated to 1.35 trillion euros. This, of course, is a lot, so the growth of the euro against this background is generally explainable. Moreover, the...
The main event of yesterday was the US employment figures from ADP: -2.7 million against the forecast of -9 million and the past value of -20 million - this is definitely a positive surprise. It is important as a signal on the eve of the main block of statistics on the US labor market, which will be published on Friday. So yesterday, the growth of the US stock...
The seventh straight day finishing in the green for the first time since 2013. If we maintain this run through tomorrow the next stop could be that 1.15000 providing no further negative risk off news. just a note on yesterdays trade idea placement and risk needs to be strategic and in place by EU session too protect your account. The ECB meeting could contribute...
There are no changes on the fundamental fronts: protests in the USA continue, the pandemic is still here, as well as the reopening of economies. Against this background, the dollar continues to suffer losses in the foreign exchange market, but the stock markets are growing steadily. At the same time, yesterday yen sharply intensified its decline. Paired with the...
Fundamentally, the current fundamental background in the US stock market is ideal for sales. The economy shows the worst shape in history across the entire spectrum of the economy: from the labor market to GDP and retail sales. Tensions between the USA and China gives an additional gloomy negative not only in the economic, but also in the political sphere. The...
The company announced losses of $291.7 million, or 60 cents a share, on $550.8 million in revenue. By comparison, it lost $165.2 million, or 45 cents a share, on $587.1 million in revenue in the same period last year (ExpressNews). CCO's goal to sell 51% stake in a Chinese subsidiary and earn net $220 million might cheerup investors with speculation purposes....
The main event of the past week in terms of a pandemic is the formation of a new peak in the number of new cases. That is, the fear of the second wave is replaced by the reality of the second peak. Which of these is worse is hard to say. The second wave did not become less likely because of this, but rather the opposite. So, in this regard, the situation is...
Yesterday, important statistics on the United States were published. As we warned, the data came out very weak and generally did not inspire any optimism. The increase in jobless claims is still more than 2 million per week. This means that the number of unemployed in the United States for a couple of weeks replenished by 40 million people. US GDP for the first...
Possible spike up to the zone with the US GDP news and drop
Yesterday, optimism in the financial markets was fueled by information from Japan about the introduction of a new $ 1,1 trillion stimulus package. Thus, the total economic assistance program in Japan reached $ 2.18 trillion (234 trillion yen), which is equivalent to about 40% of the country's GDP. As a result, Japan almost caught up with the United States, where...
The idea that the worst is behind completely fulfilled the minds of investors. Certainly there are some reasons for this: restrictions in Europe are being increasingly lifted up to the opening of tourist seasons soon. In addition, the news of the next vaccine trials (we are talking about the Novavax vaccine) reinforces the hope for the best, despite the fact the...
Yesterday was a day off in the USA and Great Britain, so Monday was not rich in events. Therefore, there is time to talk about global things. The US and China are slowly but surely slipping into a new cold war. So far, the parties continue to exchange verbal threats, but literally half a step remains before the transition to actual actions. And then the trade...