DAILY MARKET REPORT

DAILY MARKET REPORT

UK Consumer prices rose at an annual rate of 1.8% compared with 1.3% in December. The pound climbed 40 pips after the news now retraced back to below 1.30. EQUITIES Asian shares and U.S. stock futures rose on Wednesday, investors tried to shake off worries about the coronavirus epidemic after a slight decline in the...
DAILY MARKET REPORT

DAILY MARKET REPORT

The German ZEW economic sentiment sharply MISSES expectations for February as coronavirus concerns take a toll on confidence. The data came at 8.7 in Feb. vs. 21.5 expected. EQUITIES Global markets trading lower on Tuesday after Apple warned it does not expect to achieve its revenue forecast for the March quarter due to disruptions in...
Weekly Global Market Update

Weekly Global Market Update

Commodities Oil prices rebounded last week on expectations that OPEC and its allies would cut output further as demand looks set to drop due to the outbreak of coronavirus. The price opened at $50.10 per barrel last week and is trading at $52 in later Friday trading. Gold price continues to attract bids on coronavirus...
EURO commenced on a weak note in 2020

EURO commenced on a weak note in 2020

The EUR/USD pair is often referred to as simply the Euro. However, you may also hear some traders call it the fiber. The EUR/USD is the most popularly traded currency pair in the foreign exchange market. The main important fact is that both currencies represent the two largest and most influential economies in the world:...
DAILY MARKET REPORT

DAILY MARKET REPORT

Today investors will get another pulse on the health of the U.S. consumer when the Commerce Department releases retail sales data for the month of January. EQUITIES Asian shares are traded flat, following narrow losses on Wall Street, after the World Health Organisation eased some concerns about the coronavirus outbreak. On Wall Street on Thursday,...