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...
Stocks are mostly lower today
2020-09-01 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading between the Tenkan Sen and Kijun Sen levels. An upward wave would lead the currency pair above the Tenkan Sen, confirming the bullish sentiment.
European Market View
The German government expects the economic fallout this year from the coronavirus will be smaller than previously predicted.
Stocks are mostly lower today, with the real action in the markets again happening in the USD.
The U.S. currency extended losses at the start of the new month to trade at its lowest since May 2018.
Apple Inc. has asked suppliers to build at least 75 million 5G iPhones for later this year. The technology giant anticipates shipments of these next-generation iPhones may reach as high as 80 million units in 2020. Apple plans to launch four new models in October with fifth-generation wireless speeds, a different design and a wider choice of screen sizes.
AstraZeneca Plc has begun a large-scale human trial of its coronavirus vaccine in the U.S., with plans to enroll as many as 30,000 adults.
European Key Point
- The German government expects the economic fallout this year.
- Stocks are mostly lower today.
- The U.S. currency extended losses at the start of the new month.
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
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.
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed's policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk.