European equity markets took a tumbled overnight driven by weakness in banks and commodities. The DAX and FTSE closed 2.64% and 1.60% in the red with banks leading the charge. Bank performance has suffered as of late due to persistently low interest rates. US equities found consolidation in the later… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Daily Outlook
February 24, 2016Equity markets took a hit overnight as oil price volatility continues. US equities struggled overnight with lower oil prices and softer US data, with the DJIA and S&P500 closing in the red 1.14% and 1.25% respectively. European markets were also caught up on the selling with the DAX dropping 1.64%… read more
Daily Outlook
February 23, 2016European and US equity markets rejoiced overnight posting considerable gains as OIL prices climbed. Speculation of OPEC and non-OPEC output freeze helped drive WTI upwards of 8% while Brent rose 5.4%. Oil price gains supported US equities as the S&P500 and DJIA boasted 1.4% gains. Despite Brexit fears, the FTSE… read more
Daily Outlook
February 22, 2016Risk appetite weakened towards the end of last week as markets awaited news out of the EU Summit. The UK has managed to reach an agreement in negotiations held on Friday, which would provide them special status within the EU. The new deal provides provisions to the financial services industry… read more
Daily Outlook
February 19, 2016EURUSD lost altitude overnight and posted 2 week lows after ECB minutes revealed possible easing measures in March. EURUSD touched a low of 1.1076, retracing to the 1.110 level. On the other hand, GBPUSD approached 1.44 levels as market hopes for a deal between the EU Council and Cameron so… read more
Daily Outlook
February 19, 2016Speculation on oil production freezes and positive US data allowed risk sentiment to improve. Oil rose 7 percent overnight after Iran voiced support for a freeze production deal led by Saudi Arabia and Russia. Under the negotiation, production would be frozen at their January levels. Markets responded positively to the… read more
Daily Outlook
February 17, 2016Recent optimism towards equity markets continued in the US overnight. The S&P500 and DJIA closed up 1.65% and 1.39% respectively following US dollar strengthening against most currency pairs. European stocks struggled to follow suit as oil gains receded. The DAX closed 0.8% in the red as ZEW’s survey on German… read more
The Bullet Report
February 16, 2016Positive risk sentiment is characterizing the markets today after Asia performed very strongly overnight. European indices are trading well above 2% and Wall Street also. This has occurred despite the return of China trading after a week of absence following the nation celebrating the Chinese New Year. Oil is elevated today… read more
The Bullet Report
February 15, 2016Friday saw markets rebound from the consecutive sell-off of the past few days. The gains in OIL to $29 are being driven by comments from UAE energy minister who claimed that OPEC are willing to discuss production cuts with other oil exporters. This follows yesterday’s close at 26.04 which was the… read more
The Bullet Report
February 12, 2016IF a word could describe the situation in the markets the last 2 days, that word would be chaos. Financial markets are experiencing a global sell-off which has seen trillions of Dollars in value lost worldwide. The selloff is sparked again by FED chairwoman’s Janet Yellen careful remarks on the… read more
