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Weekly Market Intro – focus on inflation and GDP data

Weekly Market Intro – focus on inflation and GDP data

The geopolitical tensions continue to keep the main stock markets under pressure. The stocks generally experienced a volatile week, with the indexes registering their largest one-day sales of the year on Monday, but recovering slightly to end with minimum downs. The...

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Biggest winners from the Q2 earnings season

Biggest winners from the Q2 earnings season

With the second-quarter earnings season in its final stretch, some clear winners and losers have emerged. For Q2 2019, about 90% of the companies in the S&P 500 reported their actual results and 75% of them have a positive EPS surprise and 57% have reported a...

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Wall Street stocks fall on renewed trade war fears

Wall Street stocks fall on renewed trade war fears

Wall Street indexes fell on Friday at the end of a crazy week amid fears about the global economy. The blue-chip index Dow Jones Industrial Average wiped out 0.34% of its value, ending at 26,287.44 points, after losing 280.55 points early in the session. The broad...

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Global stocks are mostly down on Friday

Global stocks are mostly down on Friday

Global stocks are mostly down on Friday amid continuing Sino-American trade tensions and the announced new early general elections in Italy. Asian stocks were mixed, but Europe and Wall Street are lower. Italy’s coalition government imploded on Thursday, as deputy...

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Oil prices are falling slightly on Friday amid demand fears

Oil prices are falling slightly on Friday amid demand fears

Oil prices are falling slightly on Friday amid demand fears over the US-China trade war. However, some support comes from expectations of greater restrictions on OPEC production. The futures on US crude oil WTI fell by a minimum of 0.02% to 52.53 USD per barrel, while...

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Gold price consolidates below 1,500 USD mark

Gold price consolidates below 1,500 USD mark

Gold price returns in correction, declining by 0.76% to 1,495.77 USD per ounce after yesterday conquered the 1,500 USD threshold. However, the precious metal is performing particularly strong since the beginning of the year and gained more 200 USD since the beginning...

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US Dollar is now attempting some consolidation

US Dollar is now attempting some consolidation

The US Dollar is now attempting some consolidation with EUR/USD trading around 1.1200. The markets are calmer after China has fixed the yuan at a stronger level than expected and the Fed's Evans has said he is open to more stimulus. The US Dollar Index is navigating...

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Global stocks stabilized on Thursday and inched higher

Global stocks stabilized on Thursday and inched higher

Global stocks stabilized on Thursday and inched higher after Wall Street eked out a gain following volatility fueled by concern about possible fallout from the US-Chinese trade war. Markets in London and Frankfurt advanced in early trading. Shanghai, Tokyo and Hong...

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Dow Jones recovered after 589-point skid to end nearly flat

Dow Jones recovered after 589-point skid to end nearly flat

Wall Street indexes ended trading on Wednesday with slight gains, recovering from their earlier entry into the red territory after a large decline in bond yields stabilized and eased worries about a slowdown in economic growth. All three key equity benchmarks...

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Bitcoin moves in correction, but bulls still prevail

Bitcoin moves in correction, but bulls still prevail

Bitcoin attacked the 12,000 USD threshold and even broke it for a while, but later slid to 11,657 USD as of 06:30 a.m. ET. The cryptocurrency is gaining momentum since the beginning of the week due to the collapse in the global stocks. Although historically Bitcoin...

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Gold prices continue their uptrend on Tuesday

Gold prices continue their uptrend on Tuesday

Gold prices continue their uptrend on Tuesday as the protracted trade war between the United States and China intensified after Washington designated Beijing a currency manipulator, prompting a flight towards safe-haven assets. The price of spot gold rose by 1.3% to...

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US Dollar managed to rebound from recent lows

US Dollar managed to rebound from recent lows

The US Dollar managed to rebound from recent lows and somewhat alleviated concerns on the US-China trade front, which came together with the rebound in yields of the key US 10-year benchmark from 3-year lows in the 1.67% area. The US Dollar Index managed to recover...

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Global stocks rebounded after China stabilized its currency

Global stocks rebounded after China stabilized its currency

The US equity futures rose alongside European stocks while Asian shares fell after China moved to stabilize its currency, helping ease some of the market turmoil that kicked off the week. Overnight, China’s central bank set the yuan’s official reference point at...

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Bitcoin started the week with 10% rally, rising to 11,722 USD

Bitcoin started the week with 10% rally, rising to 11,722 USD

Bitcoin started the week with 10% rally, rising to 11,722 USD as of 06:30 a.m. ET. The dominance of the world's largest cryptocurrency is approaching 70% and all these happen on the background of collapsing stocks on the global markets. While Bitcoin historically has...

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Bitcoin remains bullish, climbing to 10,922 USD

Bitcoin remains bullish, climbing to 10,922 USD

Bitcoin remains bullish on Sunday, climbing to 10,922 USD as of 16:00 a.m. ET. A multitude of metrics supports this claim. The Bitcoin price, which began the year at under 4,000 USD, has soared to over 10,000 USD in just a few months, pushing cryptocurrencies back...

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Earnings seasons is not as gloomy as initially believed

Earnings seasons is not as gloomy as initially believed

With more than 77% of Wall Street companies reporting their earnings for the second quarter, the season is not as gloomy as initially believed. According to the data, 76% of S&P 500 companies have reported a positive EPS surprise, while 59% have reported a...

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