stockmarket

Summary:

  • Top oil firms offer the FTSE 100 Index support on Monday.
  • On Monday the GBP/CAD currency pair suppressed back to almost 10-year lows.

Read next: Bitcoin Prices Struggling To Break Above $20,000 Mark 

FTSE 100 (FTSE)

The FTSE index closed the Monday trading day around 0.9% up. The rise in the index comes in the wake of oil firms seeing gains due to the rising of oil prices on Monday. Shell, BP and Harbour energy were amongst the top performers on the index. The Monday trading day also saw early positivity in both the Asian and Euro markets amidst hopes that the US could ease off on tariffs on China.

The US markets remained silent as traders enjoyed time off for the 4th of July Independence Day celebrations.

Oil Companies Gains Offer FTSE 100 Support, The Canadian Dollar’s Current Situation - 1 FTSE Price Chart

Canadian Dollar Struggles

On Monday the GBP/CAD currency pair suppressed back to almost 10-year lows. During mid-June the Canadian Dollar had gained on the pound sterling and against other currencies, the gains have been scuppered and the CAD

Ceasing (?) Russia Vs. Ukraine Conflict And Indices - Eurostoxx 50, FTSE 100 And DAX

Ceasing (?) Russia Vs. Ukraine Conflict And Indices - Eurostoxx 50, FTSE 100 And DAX

Alex Kuptsikevich Alex Kuptsikevich 30.03.2022 10:23
The Russia-Ukraine peace talks have revived momentum in risk-sensitive assets. The market reaction to the outcome of the peace negotiations brought the indices back to where they had last been before the last days of February. The S&P500 reached its highest levels in two and a half months. European indices had bottomed as early as the 7th of March. Still, this recovery momentum stalled about a week ago, with the Euro50, FTSE100 and DAX all approaching levels where they were at the end of February, during the early days of the military conflict. The military conflict is far from over, and businesses have been badly affected by the sanctions and jump in commodities and energy. In addition, the turnaround in the indices took place well before the progress of the negotiations. Both these thesis lead us to look for other reasons behind the current share rally. In our opinion, the answer is to be found in monetary and fiscal policy. The uncertainty in Europe and the blow to the global economy looks like an important reason for the Fed to tone down its rhetoric last month and, as a result, raise the rate by 25 points rather than the 50 that we were prepared for in January. Monetary policy is still aimed at normalisation, but the authorities act more cautiously than required by the conditions of even higher inflationary pressures than estimated in January. Fiscal policy is considerably softer: Europe is discussing new stimulus and the next issue of EU joint bond; the USA is increasing defence spending and domestic programmes at new records. The remaining highly soft monetary policy and supportive fiscal policy create the conditions for further strengthening of the US and European stock markets. China is also contributing its support. The People’s Bank of China continues to inject liquidity into the financial system, supporting the pull into risky assets. Chinese indices have recovered much of March’s slump, adding 11% from the bottom in the China A50, 23% in the Hang Seng and 26% in the H-shar. It is also worth noting that stock markets are far from the overheated area, which leaves room for further upside moves in the coming days.
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Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures

Rebecca Duthie Rebecca Duthie 27.04.2022 12:35
Summary: Meta Platform Inc. stock price drops as investors await earnings report. GlaxoSmithKline’s Q1 results should have impressed investors. Meta (FB) stock price falls as investors await earning reports due this evening. The Q1 earnings of Meta announcement is due later today, inlight of this announcement investors sentiment is bearish, especially after the poor Q4 announcements. The guidance for the march quarter was poor as Meta revealed that revenue growth had slowed significantly due to the new Apple privacy rules, which limits Metas ability to target advertisements and measuring the effectiveness of ads. These new rules have Meta assuming a decrease in their revenue for the financial year by around $10 billion. One of Meta’s rival platforms to Instagram and Facebook is Tiktok, Toktok is one of Meta’s biggest competitors which will also lead to decreasing revenues. The price of Metas stock has been on the decline the past week, and since the market opened this morning the FB stock has lost around 3.2% of its value. FB Stock Price Chart GlaxoSmithKline (GSK) delivers favorable earnings results. GlaxoSmithKline announced their Q1 earnings today, which beat market expectations, the earnings were boosted by COVID-19 antibody treatments, in addition GSK saw a recovery in its shingles vaccine sales. Despite these favorable earnings figures the price of GSK is still in the red since the market opened this morning. Sources: Finance.yahoo.com, barrons.com
S&P 500 Reached $3,800 On Friday. Tesla Stock: What Affected (TSLA) Tesla's Lower Than Expected Output?

WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.

Rebecca Duthie Rebecca Duthie 04.05.2022 13:11
Summary: Major concerns around supply of oil. EU to cut demand for all Russian energy imports within a year. Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!  Crude Oil Prices Continue To Surge. The ongoing lockdown in China caused the prices of crude oil to fall, the fall comes despite the production issues around oil. The concerns about supply of oil have become much more serious, according to the International Energy Agency, crude oil demand is meant to increase this year, this outlook remains even taking into account the reduction in demand as a result of the extended lockdowns in China. The concerns around supply have outweighed the fall early this week, especially after the EU’s intentions to stop imports of Crude Oil from Russia within 6 months, and all energy within 1 year. European Union’s plans to ban Russian Crude Oil Imports. The European Union announced their plans to ban imports for Russian crude oil within the next 6 months, the announcement pushed the price of WTI crude oil up by almost 4%. This move comes in an attempt to cut off Russia from the EU and by doing so, starve their economic reserves which are currently funding Russia’s invasion of the Ukraine. WTI Crude Oil Futures Price Chart. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  Sources: finance.yahoo.com, barrons.com
Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.

Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.

Rebecca Duthie Rebecca Duthie 05.05.2022 17:04
Summary: What happened to Lyft's share price after their earnings announcements. Negative investor confidence as Lyft intends to spend more cash to attract drivers in Q2.   Read next: WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.    Lyft announced Q1 earnings on Tuesday. After Lyft announced their earnings during the trading day on Tuesday, since then the stock price fell almost 33% during intra-day trading on Wednesday. The company’s earnings mostly surpassed market expectations, with EPS a smaller than expected loss, revenue and EBITDA exceeded the market's expectations. Q2 earnings fall short of analyst expectations. Lyft revealed they were facing a driver shortage and announced they would increase spending in an attempt to attract more drivers to the service. This means that Q2 earnings forecast took a dive, falling short on analyst expectations. Investors are worried whether the road Lyft's management is taking to attract new drivers will derail the company's path to profitability in the future. We have seen over the past month that Lyft’s share price has been gradually falling, the major fall came after the earnings announcements and the company's future plans. Lyft Share Price   Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!    Source: Finance.yahoo.com, cnbc.com
Analysis and trading tips for GBP/USD on June 22

(BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.

Rebecca Duthie Rebecca Duthie 09.05.2022 18:18
Summary: FTSE showing bearish signals in the current market. Future of the US stock market awaiting U.S CPI report due on Wednesday. Bitcoins price fall’s link to the broader market.   Read next: (DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.    FTSE 100 showing poor performance: The FTSE is the Financial times Stock Exchange listed on the London Stock Exchange. This exchange has tanked more than 2% today, given the size of the exchange, it is a big change. This negative investor sentiment towards the FTSE comes as a result of overall negative investor sentiment after the Bank of England's (BoE) forecast announcements last week. When the BoE delivered an unfavorable announcement for the second quarter of the year, the UK market tanked amidst poor investor confidence in the government's ability to fight against inflation and the looming recession. FTSE 100 Daily Price Chart Future of the US Dollar. Despite the hawkish Fed and the dovish ECB, the market sentiment for this currency pair sits at mixed. Investors are starting to show concerns around where the U.S economy is headed. Concerns around rising prices, inflation, soft corporate earnings growth, the supply chain bottlenecks and the increasing concerns around the looming recession, are all causing investors to hold off on risk. The U.S. stocks have fallen today, with the S&P 500 falling around 2.5% and Nasdaq falling around 3%. Investors will watch in anticipation as the U.S releases their CPI report during the trading day on Wednesday. Investors will look for cooling prices and inflation, if this happens, there could be a relief on the stock market, if not, we could see the stocks fall even more. Bitcoin Price Tanks. The price of Bitcoin has tanked today, hitting its lowest price since July 2021. The reality is that the effects of tightening of monetary policy have been felt throughout all the stock markets, including the cryptocurrency market. Analysts warned investors about the possible drop in the price of Bitcoin if global economic market performance continued to sour. With the price of Bitcoin down more than 6% today the fall comes in line with the tanking global equities amidst geopolitical tensions, supply chain bottlenecks and inflation pressure. BTC Price Chart Sources: dailyfx.com, finance.yahoo.com
FX forecast 06/10/2022 EUR/USD, EUR/JPY, USDX, SP500 and Gold from Sebastian Seliga

(EUR/USD) Wall Street Tanks, Allowing the Euro To Slightly Recover, (EUR/GBP) Goldman Sachs Betting Against GBP, JPY Gets The Better Of The US Dollar And EUR - Good Morning Forex!

Rebecca Duthie Rebecca Duthie 10.05.2022 11:58
Summary: Euro gained slightly against the USD after the poor performance of the US markets on Monday. Goldman Sachs placing their confidence in the value of the EURO. JPY gains slightly against the EUR and USD on Tuesday. Read next: (EUR/USD) US Dollar Continues To Trump the EUR, (EUR/GBP)(GBP/JPY) Pound Sterling Unlikely To Recover Anytime Soon.  EUR gains some ground against the USD. Markets turned around on Monday with the EUR/USD currency pair with market sentiment showing bullish signals. The Euro is gaining value despite the surging US Dollar, at the end of the trading day on Monday Wall Street has tanked with the Nasdaq down 4.29%. As investors turn away from risky assets such as forex, and move to safer investments such as treasuries, the value of the US Dollar is facing potential pressure. Investors are concerned around the Feds shrinking balance sheet as liquidity dries up. EUR/USD Price Chart Pound Sterling losing value against the Euro. On Tuesday, Goldman Sachs bet the EUR will continue to gain against the GBP, as the market for the EUR/GBP currency pair continues to reflect a bullish sentiment. The European Central Bank (ECB) seems intent on raising interest rates by the summer, showing a more hawkish attitude than the Bank of England (BoE) who believe that inflation will return to normal levels on its own. This BoE attitude is causing investors to lose confidence in the Pound Sterling and causing its value to decrease. EUR/GBP Price Chart JPY receives momentary relief from the USD Although the JPY has gained on the US Dollar on Tuesday, the USD/JPY currency pair is reflecting a bullish market sentiment. The strengthening against the USD comes after the carnage the US markets saw on Monday. Whether or not this strengthening will continue is unlikely as the Bank of Japan (BoJ) continues their monetary easing in their attempt to boost the economy. USD/JPY Price Chart JPY markets best performer on Monday The EUR is losing ground to the JPY during the trading day on Tuesday, the EUR/JPY currency pair is reflecting a mixed market sentiment. As risk averse investors fled to safety assets given the US markets performance, the Japanese Yen was the forex markets top performer on Monday, which gave it the chance to strengthen against the EUR and the USD. EUR/JPY Price Chart Read next: (EUR/USD) All Eyes On The US Bureau Of Labour Statistics’ Results Due On Friday, (EUR/GBP) Bleak Economic Outlook For the UK Sends GBP Spiralling - Good Morning Forex!  Sources: finance.yahoo.com, dailyfx.com, poundsterlinglive.com
Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release

Rebecca Duthie Rebecca Duthie 11.05.2022 18:05
Summary: S&P 500 has seen 0.72% growth today. The value of (XAUUSD) gold has shown bullish signals in the market today. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  S&P 500 is rising during trading today The U.S CPI report which offered an update on price increases across U.S for April was released by the U.S labour department on Wednesday. The report reflected there was some deceleration of inflation figures compared to March, however, the rate of price increases exceeded analyst expectations. The CPI for April decelerated marginally compared to the March figures. The figures represent how far the Fed will have to go in the future regarding tightening monetary policy to fight the rising prices. S&P 500 Price Chart Will Gold rally in the wake of the CPI report? Gold futures have increased in value today, the initial increase came before the CPI report was released by the U.S labor department, and the increase has continued after the release. The lower than expected CPI figures bode well in the favour of the gold prices as uncertainty arises amongst investors on the Fed's next move. With volatility in the stock markets likely to continue, perhaps investors are trying to hedge their bets, driving the price of gold upwards. Gold Futures Jun’22 Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Sources: Finance.yahoo.com
BTC update for June 30,.2022 - Breakout of the bearish flag pattern in the background

(BTC) Bitcoins Price Crashes, Could The Nasdaq Be In Recovery Mode?, (GBP/USD) Bullish Market Sentiment For The Pound Sterling Against The USD

Rebecca Duthie Rebecca Duthie 12.05.2022 17:31
Summary: Rising inflation and hawkish reserve banks left investors risk averse. No particular news driving the stock price turn around for the market. Read next: Stock Market Showing Signs Of Slight Recovery Amidst U.S CPI Report Release  Bitcoins prices crashing The price of Bitcoin crashed almost 7% during the trading day on Thursday. The reason for this seems to be the same as what is happening with investors on the wider financial market, investors are turning risk averse and selling off their Bitcoin holdings in the wake of economic insecurity. The current crash is dropped lower than the value during the crash in July 2021. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The Fed’s increasing interest rates was an initial driver for investor sentiment to change bearish, the increasing interest rates made it more expensive to make bets on the financial markets. Investors are less confident in the ability of cryptocurrencies to hold their value as regulators battle rising inflation. Bitcoin USD Price Chart GBP likely to weaken further According to dailyfx.com, investors are betting on the Pound Sterling to strengthen against the US Dollar. The information the market has right now is that the UK economy is slowing, and likely to enter into a period of stagflation, this will likely cause the value of the GBP to weaken further. The future value of the GBP is not looking too bright. Nasdaq turns around. The Nasdaq has seen poor market performance during the trading week. However, during trading on Thursday, we have seen the stock price for the Nasdaq turn around. According to finance.yahoo.com, there does not seem to be any particular news driving this stock turn around. Nasdaq Price Chart Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co.  Sources: slate.com, poundsterlinglive.com, finance.yahoo.com
Promised Land Art Festival Returns! Tickets Now on Sale; First Speakers Announced | CD PROJEKT RED

Meme Stocks: GameStop Stock News and Forecast: GME stock rallies, but for how long?

FXStreet News FXStreet News 13.05.2022 13:55
GameStop stock rallies sharply on Thursday to close up 10%. GME and other meme stocks stage what looks to be a bear market rally. GME stock is still down sharply this year, so a turnaround looks unlikely. Meme stocks rallied sharply on Thursday as some form of stabilization returned to markets with a strong turnaround into the close. The main indices were looking at another round of 2% losses before a late rally saw most nearly make it back into positive territory. In the end, the Nasdaq lost 0.18%, and the S&P 500 only 0.13%. The most notable feature though was the performance of the riskier side of the market. GameStop (GME) was up 10% but was not alone. Other notable meme stocks also made similar advances: AMC +8%, LCID +13%, RIVN +18%, RBLX +19%, etc. GameStop Stock News "Buy the dip" worked so well for the past two pandemic field years that it is hard to let a good thing go. This is exactly what happened on Thursday across the meme stock space with retail investors flooding back into the market. We must urge caution though. This is not 2020 or 2021. The Fed no longer has your back. The Fed wants equity markets and risk assets lower. It has more or less explicitly said so, and rallies are to be used for quick in-and-out swing trades, not to buy and hold again. Those days are long gone. Financial conditions are tightening and will continue to tighten. Bear market rallies can be powerful, but they are bear market rallies. We alluded to this move in our GME piece on Thursday: "There may be some element of a silver lining as GME is oversold on both the Relative Strength Index (RSI) and the Money Flow Index (MFI). We may get a pop or bear market rally, but make no mistake, this is not going to the moon any time soon." We stand by that assessment. This rally should extend for most of Friday, but the weekend is no time for holding a long position in this current environment. Mondays are one of the worst days in stock market performance, and this bear market is set to resume shortly. GameStop Stock Forecast Another feature that we noticed from a lot of meme stocks on Thursday was that they put in a much higher high than the closing price. This is the complete opposite of what the main indices did. GameStop stock spiked up to $108 but closed at $89. That is a bit concerning. Momentum was not maintained. We expect the stock to rally again on Friday though as overall the main indices should recover some ground. $108 is the 9-day moving average, and above $118 is strong resistance going back to April 2021. We would not expect the rally to extend beyond here. GME stock chart, daily
Rates Spark: Some two-way risk in rates

(DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases

Rebecca Duthie Rebecca Duthie 23.05.2022 21:56
Summary: President Joe Biden's announcement of possible easing of tariffs on goods from China fairing well for U.S stocks. Euro expected to continue strengthening. Read next: Xpeng (XPEV) Earnings Results Cause Share Price To Fall  U.S stocks showing signs of recovery The Dow Jones Index rose almost 2% during the trading day on Monday. U.S stocks recovered on Monday in the wake of investors coming-off a 7 week losing streak. The recovery comes after investors received some fresh-trade related information from the Biden Administration. On Monday President Joe Biden announced that he was considering easing tariffs on Chinese goods due to the belief that the tariffs caused financial harm on consumers and businesses. DJIA Price Chart ECB Interest rate hike is confirmed The Euro exchange rate performed well on Monday thanks to the European Central Bank's president confirming that there will be interest rate hikes in July. The Euro responded well to this information and strengthened against both the US Dollar and the Pound. Leading up to the confirmation of the rising interest rates, the Euro had been strengthening, in the wake of the interest rates being risen, investors believe that the Euro will continue to strengthen. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, poundsterlinglive.com Follow FXMAG.COM on Google News
(GSPC) SNAP Drags Tech Peers Down With It, The Russian Ruble Outperforms Emerging Currencies

(GSPC) SNAP Drags Tech Peers Down With It, The Russian Ruble Outperforms Emerging Currencies

Rebecca Duthie Rebecca Duthie 24.05.2022 23:54
Summary: S&P 500 suffers in the wake of market sell-off for tech shares Update on the Russian Ruble Read next: Hawkish ECB Bodes Well For The Euro, UK PMI Data Disappoints (EUR/GBP), Hawkish SNB Offers Swiss Franc Still Support (USD/CHF), AUD/JPY - Good Morning Forex!  S&P 500 price drops The price of the S&P 500 fell more than 0.8% on Tuesday in the wake of Snap Inc. (SNAP) saw its biggest recorded one day drop in price and dragged some of its tech peers along with it. On Monday Wall Street closed in the green for only the 13th time out of 98 trading days this year, Tuesday's price drop builds on the broader negative market sentiment towards equities. S&P 500 Price Chart Russian Ruble The Russian Ruble has been the best performing emerging currency, it has gained around 33% against the US Dollar over the past year. Russia maintains strong trade relationships with India and China, which keeps the Ruble flowing. In addition, Russia continues to supply the European Union with Natural Gas despite the EU’s alliance with the United States against the Russian invasion of Ukraine. Russia managed to find a loophole to get out of servicing its debt, however the loophole ends on May 25th and the Ruble may be in trouble, and Russia may face default. Read next: Snapchat (SNAP) Earnings Forecast Sends Causes Social Media Stocks To Fall  Sources: finance.yahoo.com, dailyfx.com
FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

FTSE 100 Index Rises Thanks To Shell and BP Stocks, British Pound (GBP) Weakens After Thursday Morning Strengthen

Rebecca Duthie Rebecca Duthie 26.05.2022 21:17
Summary: Oil Giants are required to pay more taxes on profits. The BoE is put under more pressure FTSE 100 rises with BP and Shell stocks On Thursday oil giants Shell and BP were informed they would be required to pay 25% extra taxes on their profits from the North Sea. Investors did not seem to lose interest in these stocks despite this news, the share prices of both these companies rose. The Chancellor also announced there would be an extra tax incentive to invest in pumping up more oil and gas. Therefore it is possible that the oil giants can avoid almost their entire tax bill. FTSE 100 Price Chart GBP Weakens after its rally on Thursday morning On Thursday Chancellor Rushi Sunak announced that more than 8 million households would receive a lump sum of GBP650.00 in an attempt to try to fend off the cost of living crisis. The Chancellor also announced there would be a GBP15 billion spending boost. The move will put the Bank of England (BoE) under more pressure going forward, possibly forcing the BoE to raise interest rates even more. The Pound Sterling faces negative market sentiment in the wake of this news as the likelihood of a recession looms closer. Read next: FOMC Meeting Minutes Offer Support To The US Dollar (EUR/USD), Improved Market Attitude Favoured The GBP On Thursday (EUR/GBP, GBP/USD), Market Awaits RBA Monetary Policy  Follow FXMAG.COM on Google News Sources: finance.yahoo.com, poundsterlinglive.com