Scheduled events Australia unemployment data comes in far better than expected creating nearly 29,000 jobs against consensus of 15,000. EU – ECB interest rate decision due at: 12:45 GMT followed by monetary policy statement at: 13:30 GMT U.S. – Unemployment ‘jobless’ claim data due at: 13:30 GMT Japan – BoJRead More →
The Dow Jones Industrial Average scored a new record high as it breached 29000 for the first time today, 9th January 2020. This comes after a volatile trading week amidst rising geopolitical tensions with Iran. Dow surge Index ‘invincible’ surged ahead again despite disappointing jobs data released today (9th JanuaryRead More →
Before Friday, U.S stock markets were still in a very bullish mood after stellar gains in 2019. After a recent number of positive data sets such as good employment, good company reports, revised GDP (up) and the Fed’s helping hand, markets remained extremely bullish. The FOMO brigade took over pushingRead More →
The new trading year started with a bang for U.S. stocks with the Dow climbing to a new record high on 2nd January 2020 to close at: 28869 The S&P 500 and Nasdaq also closed at new record highs! S&P 500 closed at: 3258 Nasdaq closed at: 9092 U.S AirRead More →
Markets in Shanghai and Hong Kong climbed Thursday after China announced that it will take further action to support its slowing economy. Japan’s Nikkei index futures climbed (Japan’s markets remain closed for the holidays until Monday). Germany’s DAX climbed in excess of 200 plus points. European stocks are up inRead More →
News and market moving events U.S. non-farm payroll The big scheduled news event to look out for today is the U.S. non-farm payroll data due for release at: 13:30 BST. This news will most definitely move markets. The consensus is for 145,000 jobs to be created for September. The previousRead More →
The price of gold per ounce slipped back after U.S. and China agreed to resume trade talks. Safe-havens are in less demand as equity markets received a lift from the trade truce agreed Saturday 29th. June 2019 between President Trump and President Xi Jingping at the G-20. GOLD: $1,390.00 atRead More →
Mainland China markets climb in positive reaction to President Trump and President Xi Jingping as they return to trade discussions. For now, a damaging trade tariff escalation is on hold. Japan’s NIKKEI climbed to close up at: 21730 gaining 2.13% on the day. U.S. – DOW futures gain 200 ptsRead More →