fundamental analysis

  1. syamfx2020

    DAILY MARKET REPORT - Friday, Jan 15, 2021

    "A crisis of deep human suffering is in plain sight, and there's no time to waste," The US president-elect Joe Biden said. US President-elect Joe Biden unveiled his $1.9 trillion stimulus plan Thursday night. He also budgets $50 billion for Covid testing and $20 billion to speed coronavirus...
  2. syamfx2020

    Are you ready for big banks Q4 earnings?

    The banking giants JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) will release its fourth-quarter results on Friday before the bell. All three banking stocks closed higher on Thursday ahead of the earnings announcement. JPMorgan shares climbed...
  3. syamfx2020

    DAILY MARKET REPORT - Thursday, Jan 14, 2021

    European stocks trading steady on Thursday ahead of European Central Bank Policy Meeting Minutes. On Wednesday, European Central Bank council member Francois Villeroy de Galhau said the ECB will keep an easy stance for as long as needed. EQUITIES US stock futures trading higher on Thursday as...
  4. syamfx2020

    NIO, the Chinese version of Tesla soaring to new heights

    On Monday, the Chinese electric automaker NIO Inc – ADR (NYSE: NIO) shares rose 8% higher and hit new all-time-high following the company launched mass production of new electric car on Saturday. NIO has unveiled its latest electric sedan model, and the car could go as far as 1,000km on a single...
  5. syamfx2020

    DAILY MARKET REPORT - Wed, Jan 13, 2021

    US dollar retreated back to below the psychological 90 level on Wednesday and the Index struggling to find the upside momentum. During the last week, the greenback recovered from nearly three-year low and closed higher. While considering the recent downside move the USD may find again strong...
  6. syamfx2020

    DAILY MARKET REPORT - Tuesday, Jan 10, 2021

    US House Democrats Monday began an attempt to remove Trump from office, the Democrats want the vice president, Mike Pence, to invoke the 25th Amendment and remove Donald Trump from office. The impeachment escalated after he incited riots by his supporters on Capitol Hill last week. Trump’s term...
  7. syamfx2020

    5 IPOs to watch out for this week

    In 2020, the financial market has seen the highest IPO capital raising activity in a decade, with USD 331 billion raised across 1,591 listings – a 42% increase compared to 2019. Some of the notable IPOs in 2020: Airbnb Inc (NASDAQ: ABNB) DoorDash Inc (NYSE: DASH) Snowflake Inc (NYSE: SNOW)...
  8. syamfx2020

    DAILY MARKET REPORT - Monday, Jan 09, 2021

    Japan, Russia, and Mexico detected its first case of the new coronavirus strain, which was first discovered in the United Kingdom (UK) last month. The new and more contagious UK variant can be up to 70 per cent more transmissible than other SARS-CoV-2 variants. Meanwhile, the Japan government...
  9. syamfx2020

    DAILY MARKET REPORT - Friday, Jan 08, 2021

    The US nonfarm payrolls report is the highlight of today’s economic calendar. US Bureau of Labor Statistics will release the NFP at 13:30 GMT. The market participants are expecting 71k jobs added in December and the unemployment rate is expected to rise by 0.1% to 6.8%. EQUITIES Wall Street...
  10. syamfx2020

    DAILY MARKET REPORT - Thursday, Jan 07, 2021

    On Wednesday, the FED released the December meeting minutes, the minutes showed all FOMC members felt the current pace of purchases was appropriate. While some members ready to expand the bank's bond-buying scheme and others willing to consider tapering it down. The FED committed to using its...
  11. syamfx2020

    DAILY MARKET REPORT - Wed, Jan 06, 2021

    The Euro broke further above the psychological level of 1.2300 and climbed to a fresh session high of 1.2340 on Wednesday. The recent bullish move lifted by the weaker dollar and better-than-expected economic data from Eurozone and Germany. EQUITIES On Tuesday, Wall Street ended slightly...
  12. syamfx2020

    DAILY MARKET REPORT - Tuesday, Jan 05, 2021

    The UK announced the third national lockdown which is expected to last until mid-February and the lockdown will become law in the early hours of Wednesday. The UK reported 59,000 new cases on Monday - the seventh day in a row it has recorded more than 50,000 cases. Scottish First Minister Nicola...
  13. syamfx2020

    USD: Is it time to rebound?

    US Dollar started the first trading day of the year on a bearish note and plunged to below 89.50 during the European session. During December, major currencies remained stronger than the US dollar throughout the month and the dollar dropped more than 6% in 2020. The recent sharp sell-off in the...
  14. syamfx2020

    DAILY MARKET REPORT - Monday, Jan 04, 2021

    Bitcoin (BTC) hits a new all-time high of $34000 over the weekend. The cryptocurrency rose more than 300% in 2020 and rallied by 50% in December alone. Bitcoin has more than tripled its value since 2020. EQUITIES Global stocks jumped higher on the first trading day of the year. Meanwhile...
  15. syamfx2020

    DAILY MARKET REPORT - Wed, Dec 16, 2020

    Today the traders and investors remained cautious of FOMC interest rate decision and the Fed Chair Jerome Powell press conference. The central bank scheduled to issue its policy statement at 19.00 GMT. The Fed is expected to leave interest rates unchanged at the end of a two-day meeting...
  16. syamfx2020

    Wall Street top 5 winners and losers of 2020

    Wall Street and market participants witnessed a volatile 2020. Almost every stock rebounded from the March low and US indices climbed to record highs. During the first quarter of 2020, the stocks plunged due to the coronavirus pandemic. Here are the 5 best performing US stocks so far in 2020...
  17. syamfx2020

    DAILY MARKET REPORT - Tuesday, Dec 15, 2020

    The number of coronavirus-related deaths in the United States crossed 300,000, the highest figures in the world. On the positive side, On Monday, the first dose of the Pfizer vaccine was administered in New York City after federal regulators gave emergency approval. Worldwide coronavirus deaths...
  18. syamfx2020

    DAILY MARKET REPORT - Friday, Dec 11, 2020

    After the phenomenal listing of US food-delivery firm DoorDash. On Thursday, the home-rental company Airbnb made a spectacular debut on NASDAQ under the symbol ABNB. The $ABNB surged from its IPO price of $68 to closing of $144.71 on Thursday, up by 113% from the offer price. The company's...
  19. syamfx2020

    DAILY MARKET REPORT - Thursday, Dec 10, 2020

    Today’s session in Europe will see most its attention turns toward important ECB Monetary Policy Statement which is set to be released at 12:45 GMT. Along with this release will see the ECB president Christine Lagarde Conference 45-minutes after at 13:30. During the last meeting, the ECB last...
  20. syamfx2020

    DoorDash IPO delivery arrives on Wall street

    DoorDash, the US largest food delivery company shares began trading on Wednesday on the New York Stock Exchange (NYSE) under the ticker DASH. The opening price was $ 182, about 80% higher than the public price of $ 102, and ended the session at $ 189.51. The company with a market value of $ 15...
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