Wall Street had it’s another best record close yesterday and this momentum filtered into the Asian markets today. The Hang Seng index recorded its fourth consecutive gain today. However, it was the Nikkei index which was leading most of the gains for the markets and jumped nearly 154 points with a gain of 1.04%. The…Read More
The US dollar has retraced slightly against all the major currencies since yesterday after the Janet Yellen’s speech. Even though there was nothing special she mentioned in her speech except that she reiterated that the Fed will stay accommodative as long as it takes for the economy to completely heal. Now, if the markets think…Read More
European markets are set to open where they left off last week ahead of the major economic data release this week. Traders pushed the Europeans markets towards the six years high last week on the back of the optimism that perhaps the PBOC will trigger some sort of stimulus package to help its economy which is…Read More
The dollar is strong against the euro and mostly across other major currencies this morning. However, this bullishness in the dollar does have its limits when we put this against the British pound and the Canadian dollar. The economic data released yesterday which was according to the market expectations and above the forecast level was…Read More
King Digital Entertainment (makers of Candy Crush) IPO expected to trade at $22.50 later today.
European markets are trading slightly higher this morning and this is despite the fact that we had a weak finish on Wall Street last night. Investors are jittery when it comes to determine the direction of the markets and perhaps you cannot blame them for this, because it has been extremely difficult to trade these…Read More