European markets are trading sharply lower this morning and this is mostly on the back of the comments from Fed members yesterday. Traders are in surprise this morning after what they have heard from both hawkish and dovish members of the Federal Reserve. Dudley, who is known for his dovish comment and Plosser, who is…
Read MoreEuropean markets are trading higher this morning, despite having a very volatile week last week. There is no doubt that the DAX index and the FTSE 100 were able to record their highs last week, but the sentiment remained on the seesaw on the back of the mixed economic data released last week. We do…
Read MoreDecision on india’s election is due today which has been going on for ever. From the exit polls it seem that Mr Modi from Bharatiya Janta party has cemented his position as the next person in charge. However, india voters poll is always known for being the most notorious place where the final result…
Read MoreThe European futures are trading lower this morning as traders have continued to take some profit off the table. It is difficult not to take some profit when the markets have made their yearly high and the economic data stops supporting the bulls further. The ZEW numbers released yesterday for the euro region has raised…
Read MoreThe unstoppable US markets made another record high yesterday and this time the S&P 500 was also able to move above the 1900 level for a brief moment. The break of this level was much of a psychological resistance than anything else. Traders are certainly very optimistic at this stage, because the US retail data…
Read MoreAnother day and another record finish on Wall Street and the same momentum is filtering into the European markets. This momentum is unstoppable at-least for now and the equity markets only want to move up. Having said that, if the momentum does break, there is no doubt that the bears may fall flat on their…
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