A strong rebound in energy prices is the power house for the global rally which kicked off last night over in US, and the same optimism filtered into European markets. WTI is back above the 200 day moving average and this has happened for the first time since 2014. It appears that the bond between…
Read MoreUS markets experienced a heavy sell-off last night, and the picture is not looking any more optimistic this morning either. Concerns about the season’s earnings are very much on investors’ minds. What really worries them is that we might see another disappointing quarter and they are wondering just how bad it can get. Major banks…
Read MoreRenewed concerns about weak global growth have engulfed traders’ minds once again, and hence why we have experienced another heavy sell-off over in the US. This negativity has filtered into the Asian trading session, and as a result, the Shanghai index fell nearly 0.90% while the Hang Seng index suffered losses of 0.70%. Trader’s appetite…
Read MoreLast night, the FOMC minutes were enough to push US markets higher once again as the dollar dropped. What many expected or wanted to see did come out in these minutes, but the matter of concern is that Fed members failed to show a solid front and came out looking fragmented. However, traders were of…
Read MoreEuropean markets are higher today despite the fact that Greece is dragged back in the headlines by the IMF. Investors are optimistic this morning and willing to move on after a heavy sell-off, which took place last night over on Wall Street. Thanks to the Chinese Caxin services PMI number, it has assured the markets…
Read MoreEuropean markets are under heavy selling pressure this morning as Germany factory order data fell off the cliff. The data was battered and traders are still not elated with it. The forecast was for 0.5%, while the reading came in at -1.2%. What this really tells you not the story in Germany, but also the…
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