7/26/2021 10:19:53 PM GMT | By Anil Panchal
US equities notch all-time high closing as market sentiment improved ahead of crucial earnings, FOMC.
Tesla’s after-market numbers were positive, Hasbro led S&P 500 gainers.
Easy US housing numbers, covid conditions in the West also favored bulls.
Alphabet, Apple and Microsoft are up for releasing the latest earnings on Tuesday.
US equity bulls are on the move, fueling the key indices to fresh record tops, as investors await earnings from the technology giants amid hopes of better results. Also on the positive side were softer US housing data easing pressure off the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting as well as mixed coronavirus concerns.
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S&P 500 (SPX) Nasdaq (QQQ) Week Ahead: Equites set another record high as huge earnings week beckonsNEWS |
4/23/2021 10:07:36 PM GMT | By Ivan Brian
Equity markets set yet more record highs, big earnings week ahead.
Refinitiv data shows 85.4% of reported earnings so far have beaten estimates.
Will bears ever come out of hibernation and sell something, anything?
Another week, another record as the S&P 500 sets yet another new high. It seems at the end of every week we look ahead and wonder if this can keep going and yet it does! Will the runaway train derail or is it setting up for a serious dose of sell in May and go away? The roaring twenties beckon and the stock market is determined to get to the party early.
4/26/2021 9:36:02 AM GMT | By Pablo Piovano
EUR/USD retakes the 1.2100 mark and above on Monday.
USD-selling continues to support the upside in the pair.
German Business Climate improved a tad in April.
The optimism around the single currency stays unabated and lifts
EUR/USD to fresh monthly peaks beyond 1.2100 the figure at the beginning of the week.
EUR/USD up on weaker dollar, data
EUR/USD advances for the second session in a row on Monday, managing to finally break above the 1.2100 mark, levels last visited back in late February.
The sustained advance of the pair in April comes on the back of the purposeful retracement in the dollar, which in turns fall in line with the decline in US yields since the beginning of the current month.
2/23/2021 4:37:28 AM GMT
Financial markets have an every man for himself look about them today, as various asset classes diverge in their own directions. A combination of tightening yields and the impending two-day testimony by Fed Chairman Powell starting today in Washington DC seems to have provoked differing reactions across different markets.
Despite yields rising once again in the 10 and 30-year tenors, the US Dollar fell overnight across the board. Gold rallied impressively as the Dollar weakened, and US yields rose, despite that being a repeat of the price action the Friday which it completely ignored. Equities fell on Wall Street, led by the tech-heavy Nasdaq, which endured a torrid day. Oil, meanwhile, rose impressively despite thawing signs in Texas and signs of cracks among OPEC+ on the trajectory of production cuts. Base metals, notably tin and copper, rallied strongly once again. Meanwhile, Bitcoin did what it does, falling 10% intra-day before finishing 6.0% lower f
Every man for himself
US dollar dips, markets eye Powell testimony
Financial markets have an every man for himself look about them today, as various asset classes diverge in their own directions. A combination of tightening yields and the impending two-day testimony by Fed Chairman Powell starting today in Washington DC seems to have provoked differing reactions across different markets.
Despite yields rising once again in the 10 and 30-year tenors, the US dollar fell overnight across the board. Gold rallied impressively as the dollar weakened, and US yields rose, despite that being a repeat of the price action on Friday which it completely ignored. Equities fell on Wall Street, led by the tech-heavy Nasdaq, which endured a torrid day. Oil, meanwhile, rose impressively despite thawing signs in Texas and signs of cracks among OPEC+ on the trajectory of production cuts. Base metals, notably tin and copper, rallied strongly once again. Meanwhile, Bitcoin did what it does, falling 10%