stockmarkets

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

European Indices: Dax (GER 40), FTSE 100 (UK 100) And EuroStoxx 500 Analysed

European Indices: Dax (GER 40), FTSE 100 (UK 100) And EuroStoxx 500 Analysed

Jason Sen Jason Sen 04.03.2022 10:24
Dax 40 shorts at resistance at 14000/100 were the perfectly trade with a high for the day exactly here & a 700 point collapse over night. EuroStoxx 50 MARCH breaks 500 day & 100 week moving average support at 3710/3690. FTSE 100 MARCH looks like it is building a head & shoulders top - with a volatile right shoulder! - UODATE!! the neckline at 7135/25 has been broken for a sell signal - a weekly close below here tonight will confirm the sell signal. Update daily at 07:00 GMT Today's Analysis. Dax shorts at 14100/000 work on the expected break below 13780/750 as we hit my target of 13350/300 before an excellent buying opportunity at 13130/100. Longs need stops below 13000. A weekly close below 13000 is a very important sell signal for the start of next week. Gains are likely to be limited with resistance at 13750/800 & obviously strong resistance at 14000/100. EuroStoxx this time breaks support at the 500 day & 100 week moving average at 3710/3690 for an important sell signal targeting strong support at 3590/70. Longs need stops below 3530. Longs at strong support at 3590/70 can target 3690/3710. FTSE breaks the neck line at 7140/30 for an important longer term sell signal. If prices recover & hold above 7160 we can consider a false break this morning. Bulls need a break above 7190/7200 for a buy signal today. Holding below 7120 targets strong support at 6960/30. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Stock markets panic after news of fire at Europe’s largest nuclear plant

Stock markets panic after news of fire at Europe’s largest nuclear plant

Walid Koudmani Walid Koudmani 04.03.2022 11:50
While news of the Russia-Ukraine conflict has been in focus for the majority of the last two weeks, investors received alarming news of a fire at Europe’s largest nuclear power plant which sparked another wave of panic across markets. Risk-off assets such as gold and FX benefited from this while traditionally riskier investments such as stocks saw a significant pullback with the Asian session seeing significant declines as Nikkei dropped 2.2%, S&P/ASX 200 moved almost 0.6% lower and Kospi declined 1.1%. Today’s final trading session in Europe started in a similar way, with the German Dax reaching the lowest level since December 2021 and testing a support area below 13200 points before rebounding slightly as it appears that no damage was sustained by the reactor at the nuclear facility in Ukraine. As investors await today’s key NFP report from the US, which is traditionally one of the most important and followed pieces of macroeconomic data, it appears that focus remains on the escalating conflict which has shaken markets and could continue to do so with a rush away from riskier assets ahead of the weekend in an attempt to weather out any major events which may occur while markets are closed. Gold tests key resistance as risk-off moods dominate markets While we have seen a noticeable increase in volatility across markets, the situation escalated following the news of a fire in Europe’s largest nuclear power plant located in Ukraine which brought significant uncertainty and panic. Stock markets started the day trading lower and reaching the lowest level in several months while traditional safe haven assets appeared to be benefiting from this risk-off sentiment as gold returned to its recently tested high of $1945 after a brief pullback in the last few days. The precious metal remains favored by investors who are attempting to limit their risk exposure as we head into the weekend and ahead of today’s key NFP report from the US, which is expected to show an increase of 440,000 jobs. While Gold was unable recently to break through the resistance area of $1945, any further escalation or major news from the conflict could act as a catalyst and spark a surge of interest for safe haven assets, particularly in the last trading session of the week. UK construction PMI shows highest increase in eight months Today’s construction PMI indicated the fastest rise in construction output for eight months thanks to a marked and accelerated rise in housing activity and with input cost inflation dropping to an 11-month low. Despite news relating to the Russia-Ukraine war remaining in focus, these figures could reassure the Bank of England and lead it to take further action in the near future as consumer confidence shows signs of improvement and as several sectors in the economy continue to recover.
Global equities staged a notable rally | Saxo Bank

Russia-Ukraine Conflict - Ceasefire? DAX, FTSE100, CAC40 Gained, EUR Strengthened, USD Weakened. Is Crude Oil Price Likely To Decrease?

Swissquote Bank Swissquote Bank 30.03.2022 10:06
MarketTalk: What’s up today? | Swissquote Risk appetite improved, equities extended rally as talks between Ukraine and Russia hinted at progress, with Russia retreating from Kyiv to concentrate its military efforts in the Donbas region. The de-escalation gave a sigh of relief to investors, although many, including Joe Biden remain skeptical regarding the pullback from Kyiv, that could be ‘limited and tactical’. US crude dived to the 50-DMA yesterday, but that critical support held strong, and the price of a barrel rebounded back above the $105 level. The short-term outlook remains positive and price pullbacks are still seen as interesting dip buying opportunities if the 50-DMA is not cleared. The three major US indices followed up on the European session gains on de-escalation of the situation in Ukraine, but the US 2-year yield caught up, and even briefly surpassed the 10-year yield for the first time since 2019. Rising US yields, and de-escalation in Ukraine weigh on gold prices. But, the curve inversion, nor rising inflation prevent US stock indices from extending gains and the meme stocks are on fire, with GameStop up by 158% in the past two weeks and AMC up by more than 160%. Could the meme craze stretch higher? Yes, it could! Today, the Eurozone flash inflation figures for March start flowing in, and the US will reveal how many private jobs it added in March today. Strong economic data could revive the Fed hawks, push US yields even higher and dampen the mood. Watch the full episode to find out more! Timestamps: 0:00 Intro 0:24 Ukraine: light at the end of the tunnel? 1:50 Equities rally on de-escalation hope 2:49 US crude rebounds from 50-DMA 4:08 US 2-10 year yield inverts briefly 5:10 Rising yields, de-escalation weigh on gold 5:49 US indices, meme stocks defy rising yields 6:41 Bitcoin tests 200-DMA 7:12 Today's macro calendar & latest FX moves Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
The (SPX) S&P 500 Price Chart Looks Impressive, But It's Waiting For The Friday's Release

The (SPX) S&P 500 Price Chart Looks Impressive, But It's Waiting For The Friday's Release

Paul Rejczak Paul Rejczak 30.03.2022 15:50
  The S&P 500 index extended its uptrend once again after breaking above the 4,600 level. However, today we will likely see some profit-taking action. The broad stock market index gained 1.23% on Tuesday following its Monday’s gain of 0.7%. Stocks extended their uptrend on a potential Ukraine conflict ceasefire news yesterday. There’s still a lot of geopolitical uncertainty, but investors keep on jumping back into stocks. This morning the index is expected to open 0.3% lower and we may see some short-term profit-taking action. The nearest important resistance level is now at around 4,650-4,700. On the other hand, the support level is at 4,550-4,600, marked by the recent resistance level. The S&P 500 index broke above its January-February local highs along the 4,600 level, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Futures Contract Remains Above its Upward Trend Line Let’s take a look at the hourly chart of the S&P 500 futures contract. It is trading above the short-term upward trend line and above the 4,600 level. We can see some technical overbought conditions, however, there have been no confirmed negative signals so far. We are maintaining our profitable long position from the 4,340 level. (our premium Stock Trading Alert includes details of our trading position along with the stop-loss and profit target levels) (chart by courtesy of http://tradingview.com): Conclusion The S&P 500 index will likely open 0.3% lower this morning and we may see some short-term profit-taking action. There have been no confirmed negative signals so far. However, there are some clear technical overbought conditions that may lead to a correction. The market will be waiting for Friday’s monthly jobs data release. This morning we’ve got the ADP Non-Farm Employment Change release and it was as expected. Here’s the breakdown: The S&P 500 index further extended its uptrend yesterday, but in the near-term some profit-taking action seems likely. We are maintaining our profitable long position (opened on Feb. 22 at 4,340). We are still expecting some upside from the current levels; however, it is time to get more cautious as there may be a downward correction at some point. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Saxo Spotlight: What’s on investors and traders radars this week? - 27/06/22

GER 40 (DAX) And UK100 (FTSE 100) Morning Analysis - 30/03/22

Jason Sen Jason Sen 30.03.2022 16:14
Dax 40 JUNE finally reaches the target & strong resistance at 14750/850. Shorts need stops above 14950. We just held this level yesterday before a dip to 14780 this morning. FTSE 100 JUNE made another push higher but again there was a pullback in to the close. We have a series of candles on the daily chart with long upper wicks, indicating that there is strong selling pressure at the end of the day. This can be quite a negative signal, but of course does not tell us when the market will turn lower. Update daily by 06:00 GMT Today's Analysis. Dax finally tests strong resistance at 14750/850. Shorts need stops above 14950. A close above here tonight is a (surprising) buy signal targeting 15200/220, perhaps as far as 15400. Shorts at 14750/850 target 14600 & minor support at 14550. We should at least pause here on the downside. If we continue lower look for strong support at 14350/300 for some profit taking. FTSE higher again to the next target of 7510/30 with a high for the day just 11 ticks above. It is possible that we continue to crawl higher & ultimately reach the February high at 7610/30. However I feel the index is running out of steam. First support at 7470/60, with better support at 7430/20. A break lower meets strong support at 7360/40. A bounce from here looks likely, but longs need stops below 7320. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
US Close – ISM hits 2-year low, Au Revoir 3.00% on recession worries, Choppy waters for Stocks, Commodity Markets tired of softening, Bitcoin tests $18K waters

A Storm Is Coming! Chinese Stocks Fall (e.g. CSI300, Nikkei), Hawskish Fed Is About To Hunt! S&P 500 And NASDAQ 100 Struggle

Saxo Bank Saxo Bank 25.04.2022 09:12
Equities 2022-04-25 07:00 8 minutes to read Summary:  Global equity markets continued to adjust downward amid of a hawkish U.S. Federal Reserve and the rising likelihood of a much weaker Chinese economy in Q2 as a result of the punitive Covid-related lockdowns. Commodities were down as investors shifted their attention from supply disruption to potentially weaker demand. What’s happening in markets? Asian equities weighed by Friday’s US session and China lockdown.  US indices were down over 2% on Friday as risk off gripped markets that digested Fed’s hawkish tilt. S&P500 (US500.I) was down 2.8% while the tech-heavy NASDAQ 100 (USNAS100.I) was down 2.5%, likely to test March lows. Asian equities will get a beating as well, with Japan’s Nikkei (NI225.I) down 1.6% in the morning and Singapore’s STI Index (ES3) in loss of 0.7%. Tech stocks, as well as energy and steel miners were on the backfoot. Read next: By Saxo Bank: COT: Spec buying pauses on China and growth concerns| FXMAG.COM Chinese equities made new lows.   China’s CSI300 Index (000300.I) and Shanghai Stock exchange Composite Index fell below their March 16 intraday lows and closed the morning session down over 4%.  Northbound investment registered a net outflow over RMB4 billion. China Merchants Bank (600036/03968) fell 6.4% in Shanghai and 9.5% in Hong Kong trading following news late last Friday that the bank’s former CEO being investigated by the Chinese authority.  The overall markets in the mainland and Hong Know were pressured by rising worries about the Chinese economy heading for a sharp deceleration in growth in Q2.  Mining and energy stocks were sold off. Hang Seng Index (HSI.I) and Hang Seng TECH Index were both down more than 2%. Crude oil (OILUKJUN22 & OILUSMAY22)  was also down over 2% in Asia amid fresh demand concerns from China with record deaths reported in Shanghai and hints of a spread in Beijing. WTI dropped below $100 and Brent was below $104. Asian energy stocks like Inpex (1605) and Eneos (5020) in Japan or Chinese oil stocks will be on watch. Australia has a public holiday today. Read next: Saxo Market Call: Podcast: China's FX moves supercharging developments| FXMAG.COM Iron ore (SCOA) is having a meltdown.  Iron ore futures were down close to 12% in Singapore to 2-month lows. Rich valuations are coming to haunt, after steel output dropped over 10% in Q1. But key miners Rio Tinto (XXRIO), BHP (BHP) and Vale (VALE) have confirmed their guidance for full-year production. Fortescue Metals (FMG) will be reporting output data on Thursday. Miners and steelmakers will be impacted by this big move in iron ore in the Asian session, so Japan's Nippon Steel (5401) or Kobe Steel (5406) was key to watch. No great news on the state of the UK consumer.  Retail sales are down again in March (minus 1.4% month-over-month). They are still 2.2% above their pre-pandemic level. But the trend is really not looking good. In addition, UK GfK consumer confidence plunged in April more than expected, at minus 38 versus expected minus 33 and previous minus 31. Confiance is only slightly above all-time lows. This is hard to see how the UK economy could avoid at least a modest downturn in the coming months. We believe a 50-basis point interest hike by the Bank of England is now off the table in May. It would have negative ripple effects on the overall economy. Rather good eurozone PMI indicators in April.  The flash PMI data pointed to a pickup in the eurozone growth in April (55.8 versus prior 54.9). This was mostly driven by the service sector. The manufacturing sector fell to a 22-month low mostly due to record inflationary pressures. In Germany, supply issues seriously intensified, pushing the manufacturing sector into a downturn. Finally, the French composite PMI skyrocketed to 57.5 versus 56.3 in March. Both the services and the manufacturing sector experienced strong growth, at 58.8 and 55.4, respectively. Read next: COVID Strikes China Again, Weak Chinese Renminbi (CNY), Accelerating US Dollar (USD)| FXMAG.COM What to consider? Macron’s victory prompted only short-term gains in EUR.  The result of the French elections have taken a key risk off the table. President Emmanuel Macron is projected to win a second term in office after facing his far-right rival Marine Le Pen in a runoff election on Sunday. EURUSD popped up to 1.085 at the open in Asia but the rally was fully reversed. ECB President Christine Lagarde gave an interview over the weekend, saying that inflation is a “different beast” between the US and Europe. With Eurozone inflation mainly energy-driven and the labor market not as hot as the US, it is hard to imagine gains in EUR sustaining against the USD. Heavy U.S. Q1 earnings calendar this week.  With Amazon, Microsoft, Alphabet, Meta, and Apple reporting this week, analysts may have a better about whether margins for mega cap companies in the technology and consumer space can maintain their margins in the new inflation environment. You can refer to Peter Garnry’s note for a more detailed preview. China’s container throughput declined.   According to data from the China Port Association, foreign trade related container throughput fell 4.9% over the period between April 11 and 20, from the same period last year.  It was another sign of weakening exports in April and shed a shadow over China’s GDP growth in Q2.  Secretary Yellen’s favorable comments on China did not cause much excitement.   U.S. Treasury Secretary, Janet Yellen told Bloomberg that the Biden administration was re-examining its trade strategy with respect to China and considering the benefit of scaling back the Trump-era tariffs on Chinese goods to the reduction in U.S. inflation.  She also remarked that she did not think China was undermining the sanctions on Russia.  Read next: Russia-Ukraine War Is Still There. Check The "Equity Basket" Of Saxo Bank's Experts, Which Is Linked With The Circumstances In Europe| FXMAG.COM AUD making new lows in Asia.  Increasing risk off and a decline in iron ore prices is pushing AUDUSD lower to sub-0.7200 levels in Asia. NZDUSD also touched 0.6600 levels but AUDNZD slid below 1.0880. Australia’s Q1 CPI due on Wednesday. Indonesia’s palm oil ban to aid inflation fears.  Indonesia has announced plans to ban all exports of palm oil, which is a key ingredient of cooking oil, packaged food products, cosmetic, and other household items. Indonesia exports almost half of the global palm oil supply, suggesting further risks to Asia and global inflation outlook. Trading ideas to consider Brace for a busy earnings week.  Q1 earnings season shift gear with 558 major earnings releases that will impact sentiment in equity market. It is the big test of companies’ ability to pass on costs to their customers. Focus is on the biggest names such as Microsoft, Alphabet, UPS, Meta, Qualcomm, Boeing, PayPal, Apple, Amazon, Mastercard, Intel, Caterpillar, Exxon Mobil, and Chevron. Markets are in a cautious mode right now, any misses in the key megacaps earnings may mean a further run down to test key levels.  Analysts will examine the results closely to find out if the mega cap companies in the technology and consumer space can maintain their profit margins in the new inflation environment. Interested readers please refer to Peter Garnry’s note for a more detailed preview. Shorting CNHJPY.  The renminbi started its abrupt move to depreciate since April 19 when traders, in particular those in Europe, returned from a holiday, troubled by the underwhelming stimulus actions from the Chinese authorities, persistent lockdowns and deteriorating growth outlook for the Chinese economy.  The move was probably also driven by the misalignment of valuation of renminbi and other Asian currencies, in particular the Japanese Yen, which accounts for 10.8% of the renminbi’s reference basket.  Over the past several session, renminbi’s depreciated more against the Yen which was benefitted from lower commodities prices which in turn was a result of weaker China growth.  We suspect this realignment have more to go.  Interested readers can refer to our note on the renminbi last Friday. Further reopening moves from Singapore and Hong Kong.  Singapore announced further relaxation in Covid restrictions, scrapping predeparture tests for vaccinated travellers and allowing 100% of the workforce back into the office. Hong Kong also started to relax restrictions, opening restaurants for dinner after over two months and allowing non-residents from next months for the first time since 2020. Reopening gains, especially in Singapore are likely to stretch beyond airlines and airport operator to casinos and restaurants, as well as event organizers and mall and office-based REITs. Key economic releases this week: Wed, Apr 27: Australia Q1 inflation Thu, Apr 28: Japan retail sales, Bank of Japan meeting Fri, Apr 29: Eurozone April inflation rate flash, US March PCE index Key earnings to watch: Mon, Apr 25: Activision-Blizzard (ATVI), Coca-Cola (KO) Tue, Apr 26: Warner Bros. Discovery (WBD), UPS (UPS), PepsiCo (PEP), General Electric (GE), Alphabet (GOOG, GOOGL), Microsoft (MSFT), General Motors (GM) Wed, Apr 27: T-Mobile US (TMUS), Boeing (BA), Kraft Heinz (KHC), Ford Motor (F), Meta Platforms (FB), Qualcomm (QCOM) Thu, Apr 28: Caterpillar (CAT), Twitter (TWTR), Comcast (CMCSA), Merck (MRK), Amazon (AMZN), Apple (AAPL), Intel (INTC), PayPal (PYPL) Fri, Apr 29: Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive Company (CL)   For a global look at markets – tune into our Podcast. 
How Will (ECB) Christine Lagarde Affect Euro To US Dollar? S&P 500 And Nasdaq Decreased. Can SPX Reach $3300!? Crypto: What About BTC/USD?

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
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
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
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
Macro Insights: Leaning in on Emerging Asia

NASDAQ (IXIC) At Lowest Since September 2020, Bitcoin (BTC) Price Crash

Rebecca Duthie Rebecca Duthie 13.06.2022 22:56
Summary: NASDAQ closed almost almost 4.7% down. Bitcoin prices reach lowest seen since december 2020. NASDAQ On Monday the US stock market fell into a bear market, the Nasdaq composite fell almost 4.7% during the trading day, reflecting a level not seen since September 2020. Investor sell-off sentiment is market wide, with the crypto market also tumbling as Bitcoin is more than 17% down. Investors are anxiously awaiting the Federal Reserve meeting on Wednesday as the market awaits the latest policy decision. IXIC Price Chart Bitcoin (BTC) Price sank in overnight trading Bitcoin prices sank in overnight trading, reaching low levels not seen since December 2020 in the wake of rising inflation reducing the demand for the world's largest cryptocurrency. The rising inflation, rising bond yields, the Federal Reserve’s signals of aggressive interest rate hikes and a stronger US Dollar are all factors that have combined in adding downwards pressure on crypto assets. Hence, even amidst wider crypto acceptance from governments all around the world to add or compliment Bitcoin into its national currencies. The price tumble of Bitcoin caused the cryptocurrency lender, Celsius Network to pause withdrawals from its deposit base due to what the group referred to as “extreme market conditions.” Binance quickly followed suit in the Monday session citing a 'stuck transaction' on the world's biggest crypto trading platform. Sources: finance.yahoo.com, thestreet.com