1. syamfx2020

    Wall Street set to open lower ahead of runoff elections in Georgia

    Wall Street set to open lower on Tuesday as the uncertainty over US Senate elections continues. On Monday, US stocks ended lower, the S&P 500 and the Dow posted their largest daily percentage falls since late October. Meanwhile, since the US election the Wall Street climbed to record highs...
  2. syamfx2020

    Markets cheer a Biden victory; What next?

    Stocks and oil prices cheered the official confirmation of Joe Biden’s victory which means a more generous stimulus package to be deployed as soon as possible. The recent rally also supported by more upbeat news on the coronavirus vaccine. Meanwhile, at first Donald Trump rejected the outcome of...
  3. syamfx2020

    DAILY MARKET REPORT - Friday, Nov 06, 2020

    On Thursday, the US Federal Reserve kept interest rates near zero and made no change to asset purchases in its policy meeting. “The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world,” FED statement said. Fed Chair Powell said the...
  4. syamfx2020

    DAILY MARKET REPORT - Thursday, Nov 05, 2020

    As we are heading to the final stage of the political event of the year. Democrat Joe Biden pushing closer to the 270 Electoral College votes and Donald Trump is on 214. While the outstanding mail ballots are difficult to estimate because some states like Nevada opted to send ballots to all 1.7...
  5. syamfx2020

    DAILY MARKET REPORT - Wed, Nov 04, 2020

    Global markets trading volatile especially US futures and precious metals as investors await the US presidential election outcome. The precious metals retreated from the highs after the early election outcomes proved far closer than polls had predicted. At the time of writing, Biden has 49.9%...
  6. syamfx2020

    DAILY MARKET REPORT - Tuesday, Nov 03, 2020

    Financial markets are expected to continue to be volatile ahead of US election results. The latest polls show Biden has a clear lead nationally, but there is concern Democratic support is being over-counted. The best way of protecting your portfolio from the downside that an election offers is...
  7. syamfx2020

    Weekly Economic and Earnings Calendar 02/11/2020 – 06/11/2020

    This week the main event will be U.S. Election 2020. Elections aside, the other important events to watch RBA, FOMC, and BOE meetings and the US NFP report. Earnings to watch: PayPal, Ferrari, Uber, Alibaba, and AstraZeneca
  8. syamfx2020

    King Dollar steady ahead of next week’s US election

    The US dollar climbed to a fresh monthly high on Wednesday ahead of the US election after it struggled a couple of days to find buyers. Early voting is well underway across the U.S. while most of the voters are opting to mail their ballots rather than casting them in-person due to the ongoing...
  9. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 29, 2020

    US stock futures and Metals trading steady on Tuesday ahead of the first US presidential election debate between US President Donald Trump and his Democratic rival Joe Biden which is set to start at 9 pm ET (2 am on Wednesday morning in the UK). EQUITIES Wall Street ended higher on Monday...
  10. syamfx2020

    Stocks and Metals pause the rally ahead of US election

    With less than two months to go to voting day for the US presidential election held on 3 November 2020 and the race between Donald Trump and Democrat leader Joe Biden tightening, financial markets are starting to get the jitters. During the last week, Federal Reserve finished the September...
  11. syamfx2020

    Markets to be less predictable if Biden wins

    The stock markets usually widely fluctuate as soon as the election results are published. The main question here in case Democrat leader Joe Biden elected is how the financial markets will react. The market participants believe that it will be negative for the stock market mainly because Biden...