1. Forex Market Insight EUR/USD The euro fell as much as 1.2% against the dollar to $1.1090, the lowest level since June 2020. Meanwhile, hedge funds and options-related accounts sold euros, and real money accounts both sold and bought euros. One-month implied volatility climbed to its highest level in nearly two years, and the market’s […]
2022-03-02 | Analysis
The U.S. stock markets plunged alongside oil prices and U.S. Treasury yields on Friday, 26th November 2021. This is after South Africa raised the alarm over a fast-spreading strain of the coronavirus, sparking concerns that travel restrictions and other curbs will spoil the global economic recovery. The World Health Organization (WHO) assigned the newly identified variant with the Greek letter omicron. The formally recognized strain was previously referred to as lineage B.1.1.529. Ultimately, the consensus is that this is a […]
2021-11-29 | Analysis
Stocks rallied on Friday, 12 November 2021, led by technology and communication services. However, the major averages finished lower for the week as inflationary pressures continued to reverberate through markets. The October Consumer Price Index that was released on Wednesday, 10 November 2021, shows that inflation ran hotter than at any time in 30 years, but Friday’s report on plunging consumer sentiment prompted hope among traders that the Federal Reserve would delay any interest rate hikes. While […]
2021-11-15 | Analysis
S&P 500, Nasdaq, as well as Dow finished October at record highs, notching gains for the month despite soft Amazon, and Apple results. In fact, S&P 500 and Nasdaq booked the biggest monthly gains since November 2020. The S&P 500 gained 0.2%, after opening lower. The gains brought the benchmark index up 6.9% for October, its biggest monthly increase since last November. Meanwhile, the Nasdaq 100 pushed 0.5% higher, […]
2021-11-01 | Analysis
US stock markets closed higher on Friday – making it a higher close for the week as well. There was much volatility during the week and, at times, it looked like we were headed for another leg lower. We saw the Federal Reserve indicating that they will be tapering soon, worries from the fallout of China Evergrande Group, along with the latest […]
2021-09-27 | Analysis
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