All Articles Tagged - US500

European Open Preview – Euro bounces as Italian worries take a back seat; Brexit remains in focus

Posted on October 22, 2018 at 7:59 am GMT

Here are the latest developments in global markets: FOREX: The dollar was down by 0.17% against a basket of six major currencies on Monday, extending losses from Friday. Those losses came as the currency with the biggest weight by far in this index – the euro – rebounded, amid encouraging signals that the EU and Italy may manage to avert a full-fledged conflict over budget deficit rules. The British pound edged higher on hints the UK may be softening its [..]

Technical analysis – US 500 index finds support at trendline; outlook still cautiously positive

Posted on October 19, 2018 at 11:03 am GMT

The US 500 index posted considerable losses in early October, falling below its 50- and 200-day simple moving averages (MA) before finding support near a long-term uptrend line drawn from the lows of February 2016, and subsequently rebounding somewhat. The index has now crossed back above its 200-day MA, which keeps the broader outlook cautiously positive. For the bias to turn to neutral, the price would need to close below the crossroads of the aforementioned trendline, the 200-day MA, and [..]

European Open Preview – Italian worries haunt the euro; key Canadian data on the agenda

Posted on October 19, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is a touch higher on Friday (+0.08%), adding to the gains it recorded in the prior session and looking set to end the week meaningfully higher. The pound was the worst performer on Thursday amid a lack of progress on Brexit and downbeat UK data, while the euro also took a hit as Italian budget concerns came back to the forefront. The yen outperformed as risk aversion dominated, but [..]

European Open Preview – Fed minutes boost dollar; pound eyes UK retail sales

Posted on October 18, 2018 at 8:00 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is up by nearly 0.20% on Thursday, building on the strong gains it recorded yesterday, aided by a hawkish tone in the latest Fed minutes. Meanwhile, the worst performers on Wednesday were the euro and loonie, amid Italian budget concerns and a sharp drop in oil prices respectively. The pound traded choppy and lower overall, weighed on by soft UK inflation data and the absence of real progress [..]

European Open Preview – Yen pulls back as risk appetite rebounds; UK inflation and Fed minutes coming up

Posted on October 17, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.1% against a basket of six major currencies on Wednesday, after ending the previous session practically unchanged. The British pound regained some poise yesterday, aided by encouraging UK wage figures and reports suggesting the EU is open to extending Britain’s Brexit transition period by another year. Meanwhile, the Japanese yen was the worst performer, as global risk sentiment rebounded, triggering a rotation away from haven assets and [..]

European Open Preview – Dollar consolidates losses; UK jobs data in focus

Posted on October 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was fractionally higher early on Tuesday (+0.06%), attempting to recover some of the losses it posted in the previous session. Meanwhile, the yen is losing ground across the board, as a rebound in risk appetite seems to be diverting funds out of the safe-haven currency. Elsewhere, the loonie advanced despite lower oil prices, after an upbeat survey by the BoC sealed the deal for a rate hike next week [..]

Stock Market News – Netflix subscriber growth to bounce back? Earnings season fires up

Posted on October 15, 2018 at 3:10 pm GMT

Netflix’s earnings report for Q3 2018 will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Online Services peer group. The provider of subscription-based streaming services is anticipated to have made $0.68 in earnings per share (EPS) during the quarter ending in September, according to Thomson Reuters estimates; this is a projection that has remained unchanged over the last [..]

European Open Preview – Sterling gaps down as Brexit talks are “paused”; US retail sales due

Posted on October 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is marginally higher on Monday against a basket of six major currencies (+0.07%), extending the gains it recorded in the previous session. The safe-haven Japanese yen is the best performer among the G10 currencies, as a diplomatic rift between the US and Saudi Arabia is seemingly keeping investors on the defensive. Elsewhere, the British pound opened with a gap to the downside, after the EU and UK were reported to [..]

European Open Preview – Equity selloff continues, but shows signs of abating

Posted on October 12, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically flat on Friday, licking its wounds following considerable losses in the previous session, which were largely owed to a pullback in US Treasury yields. The euro capitalized on this weakness, gaining ground almost across the board even as the Italian budget drama continues to lurk in the background. The yen, meanwhile, was weaker than one would have expected considering the recent market turmoil. STOCKS: Wall Street indices extended [..]

Stock Market News – JPMorgan and Citi could act as bellwethers for bank earnings; trade and yield angst remain at play

Posted on October 11, 2018 at 3:17 pm GMT

JPMorgan Chase and Citigroup, the largest and fourth-largest US banks by market capitalization correspondingly, will be among corporations kicking off the Q3 earnings season for big financials. The two will be releasing their quarterly results before Wall Street’s opening bell on Friday. Analysts’ consensus recommendation for both is “buy”, which matches the average recommendation for the Banks peer group. According to Thomson Reuters estimates, JPMorgan’s quarterly earnings per share (EPS) are projected to stand at $2.26, this being the result of [..]

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