All Articles Tagged - US500

European Open Preview – Safe havens shine brightly, equities extend losses as China “strikes back”

Posted on April 3, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian dollar also gained amid speculation that the NAFTA talks could bear fruit soon. STOCKS: US markets sank once more yesterday, beginning the new quarter on the back foot as worries over protectionism and the [..]

US Open Preview – Dollar inches down as trade woes linger; US data & RBA decision eyed

Posted on April 2, 2018 at 11:22 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (+0.04%), taking a breather after last week’s rally. The US dollar index fell by 0.28% though, currently hovering just below the 90.00 handle. Traders are awaiting the US labor market data on Friday, which are expected to show a drop in the unemployment rate to its lowest level since 2000. Moreover, investors will keep their focus on any news regarding trade and protectionism, [..]

European Open Preview – Equities soften as China retaliates; US ISM manufacturing PMI pending

Posted on April 2, 2018 at 8:01 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was nearly 0.2% lower on Monday to start the new quarter, amid continued concerns over a US-China trade dispute escalating following the latest tariffs by China, due to take effect today. The British pound was on the front foot, gaining against both the dollar and the euro, extending the significant gains it posted in the first quarter amid a reduction in Brexit uncertainties. STOCK: US markets remained closed on Friday, [..]

With stock turmoil in full swing, moving averages are acting as “lines in the sand” – Index News

Posted on March 30, 2018 at 2:10 pm GMT

Price action in stock markets is increasingly becoming a by-product of unpredictable headlines around protectionism and other issues. In such an environment, besides news, technical indicators like moving averages are worth watching very closely, as they could be especially useful in helping to determine whether more declines, or a rebound are in store. The past weeks have seen choppy and indecisive trading in equity markets, to say the least. While investors have been trying to digest a flurry of trade-related [..]

European Open Preview – Stocks rebound, greenback lags to end holiday-shortened week

Posted on March 30, 2018 at 8:13 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.2% lower against a basket of six major currencies on Friday, with a public holiday in Europe and the US set to keep many traders away from their desks today, and liquidity in the FX markets thinner-than-usual. STOCKS: US markets closed higher yesterday, recovering some of the losses they posted earlier in the week. Technology stocks led the way higher for the most part, helped by some comments from the White [..]

European Open Preview – Dollar flat with trade considerations remaining in the spotlight; US releases updated Q4 GDP figures

Posted on March 28, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was flat relative to a basket of currencies on Wednesday after adding 0.3% the previous day. Developments on trade were once again on the forefront and are likely to determine the short-term direction in the currency markets. STOCKS: US markets closed significantly lower on Tuesday, dragged predominantly by technology stocks. Declines in Facebook and Nvidia, as well as news that the US is considering restricting Chinese investments in US [..]

European Open Preview – Abating US-China trade tensions boost sentiment with equities rising and yen falling

Posted on March 27, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed against a basket of currencies on Tuesday, consolidating its losses from yesterday that saw it lose 0.5%, recording a more than one-month low along the way. Elsewhere, the yen was extending its losses from yesterday on the back of risk appetite returning to the markets. STOCKS: US markets staged a spectacular comeback yesterday, as headlines of progress being made in US-China trade talks helped to [..]

European Open Preview – Dollar recovers after fresh 16-month low versus yen; trade woes remain in focus

Posted on March 26, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Monday after previously recording a one-month low and coming under pressure versus the yen, with dollar/yen hitting a fresh 16-month low. The pair later recovered though to trade higher on the day. STOCKS: US markets remained in a downward spiral on Friday, as concerns over a potential trade war continued to suppress risk appetite. The Nasdaq Composite was the biggest underperformer [..]

European Open Preview – Stocks plunge, yen rallies as trade war saga gets new chapter

Posted on March 23, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The yen was building on yesterday’s gains versus other major currencies on Friday, as rising fears of a global trade war acted as a catalyst for the currency to attract safe-haven flows. Versus the dollar, the Japanese currency recorded a 16-month high of 104.62. STOCKS: Equity indices were a sea of red in every region, as the new US tariffs aimed at China reignited concerns that the situation could escalate into [..]

Stock Market News – Nike eyed ahead of quarterly earnings report; trade developments also in focus

Posted on March 22, 2018 at 2:22 pm GMT

Sportswear giant Nike is scheduled to release its earnings report for the quarter ending February 2018 after Wall Street’s closing bell on Thursday. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for Footwear, its peer group. Nike’s quarterly EPS are projected to stand at $0.53, with analysts’ average EPS estimate remaining constant at this level over the last four weeks. If earnings come as expected, this would translate into a decrease by around [..]

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