Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
ECB Says ECB Work on a Digital EURO
2020-10-02 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.
EU Market View
The House plan will ultimately be rejected by the Senate with Majority Leader McConnell stating that he supports additional stimulus, but it must be a narrow package. The US House voted in favor of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi announced the failure to agree a deal with the White House. EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election process. Looking ahead, highlights from macroeconomic calendar include EZ CPI, US NFP, Factory Orders, Uni. of Michigan (F), Fed's Harker, European Council Special Meeting.
EU Key Point
Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...