Stock markets update Wednesday 3rd.July 2019 – record closing highs DOW, S&P 500 and NASDAQ closed at record highs amid expectations of a Fed July interest rate cut U.S. Stock markets closed early ahead of 4th July Independence Day celebrations tomorrow. I trade these indices on a regular basis DOWRead More →
FED interest rate cut on agenda? After the release of weaker-than-expected economic data, stocks traded higher Wednesday, as investors bet on a potential rate cut from the Federal Reserve later this month. Global economic slowdown? Recent disappointing data somewhat paves the way for the Fed to lower rates at itsRead More →
Sterling The value of sterling slipped Wednesday 3rd. July 2019 after the Bank of England warned that a global trade war and a no-deal Brexit were growing risks to the UK’s economy and may require a response. FTSE 100 The FTSE pushed up to touch 7620 in intra-day trading asRead More →
Markets update Tuesday 2nd.July 2019 – closing positions I trade these indices on a daily basis DOW closed at: 26786 S&P 500 closed at: 2973 FTSE 100 closed at: 7559 DAX closed at: 12527 NASDAQ closed at: 8109 NIKKEI closed at: 21638 Overnight: Asian markets drifted lower – trade warRead More →
Economic calendar 3rd. July 2019 Main scheduled events likely to move markets today… China – Caixin services PMI data drops 1.7 pts to 52 but remains in expansion territory UK, EU ,France, Italy, Spain, Germany – Service PMI data due between : 08:30 – 09:30 U.S. – Trade balance andRead More →
Investors need more certainty from the U.S. – China trade deal talks Asian markets slipped Wednesday (3rd. July 2019) as the positive outcome received from Xi Jingping Trump trade truce appears to recede. U.S. Independence Day Trading was also subdued ahead of the U.S. Independence Day holiday Thursday 4th. JulyRead More →
Bitcoin cryptocurrency volatility update Bitcoin volatility continues. The cryptocurrency fell to a low of around $9,800.00 on Tuesday (2nd. July 2019), that’s approximately a $4,400 drop from its most recent high of $14,200 (26th. June 2019). Bitcoin started its plummet on Wednesday, crashing nearly $2,000 in minutes as a problemRead More →
What to expect from company reporting this quarter starting mid July 2019 It’s nearly that time again when we wade through a deluge of facts and figures as company trading updates hit the markets. With markets pushing to new record highs and with the ever elusive U.S. China trade dealRead More →
June data released today 2nd. July 2019 appears to show UK construction dramatically slowed May 2019 reading was 48.6 with commentators expecting the June reading to be 49.2. A reading above 50 shows growth, below 50 demonstrates contraction. June’s purchasing managers index – PMI reading came in at: 43.1 –Read More →
Economic calendar 2nd. July 2019 – main scheduled events likely to move markets today… Australia interest rate: RBA reduces bank rate to 1% – the second reduction in as many months. Another attempt to boost the economy. Just a hammer left in the tool box then..? UK – Nationwide houseRead More →