fundamental analysis

  1. syamfx2020

    US Dollar struggling near 91.50 despite strong retail sales data

    The US dollar trades back to near yesterday’s low. During the previous session, the Index slightly rebounded following the upbeat US retail sales and jobless claims data. Moving ahead to the North American session, the main important events watch for USD traders today, US Building permits...
  2. syamfx2020

    DAILY MARKET REPORT - Friday, April 16, 2021

    Gold price finally broke the previous month high of $1760 after the 10-year US Treasury yields dropped to the fresh monthly low. If the bullish momentum continues the next key upside levels to watch $1780 and $1800. EQUITIES Chinese shares traded higher following the mixed Chinese economic...
  3. syamfx2020

    DAILY MARKET REPORT - Thursday, April 15, 2021

    Bitcoin jump above $64,000 level for the first time on Wednesday ahead of the listing of Coinbase IPO (NASDAQ: COIN) the largest US trading platform for cryptocurrencies. Coinbase stock ended its first day at $328 per share. On Tuesday, the Nasdaq set a reference price of $250 a share but the...
  4. syamfx2020

    DAILY MARKET REPORT - Wed, April 14, 2021

    The New Zealand dollar climbed to a new fresh week high of 0.7115 on Wednesday after the RBNZ meeting. The central bank left the key benchmark rate unchanged at 0.25%, reassuring that it is ready to lower rates further if needed. RBNZ Monetary Policy Committee noted the continued uncertainty in...
  5. syamfx2020

    DAILY MARKET REPORT - Tuesday, April 13, 2021

    UK GDP increased by 0.4% following a 2.2% decline in January while the figures missed the market estimates of 0.6%. On the other hand, UK manufacturing and industrial production numbers came better-than-expected. The British pound rose to a fresh session high of 1.3764 after the release of...
  6. syamfx2020

    DAILY MARKET REPORT - Monday, April 12, 2021

    February Eurozone retail sales reported stronger than expected. The sales rose 3.0% percent after a 5.2 percent slump in January and compared with market expectations of 1.5 percent growth. The EURUSD bounced back above 1.1900 following the strong retail sales data. EQUITIES US stock futures...
  7. syamfx2020

    IPO of the month: COINBASE – the biggest Crypto exchange in US

    One of the most anticipated IPO of this year Coinbase the major cryptocurrency exchange is launching an initial public offering on 14 April 2021 through a direct listing on the NASDAQ exchange under the ticker symbol "COIN". The company planning to offer 115 million shares at around $200 per...
  8. syamfx2020

    Levi’s stock soars after the company lifts revenue forecast

    The denim maker Levi Strauss & Co (NYSE: LEVI) reported better-than-expected last quarter financial results on Thursday. While during the last quarter the company revenue declined by 13% year-on-year to $1.31 billion but the results beat the Wall Street estimates of $1.25 billion. Levi’s...
  9. syamfx2020

    DAILY MARKET REPORT - Friday, April 09, 2021

    China consumer price index (CPI) increased by 0.4 percent year on year in March, data from the National Bureau of Statistics (NBS) showed Friday. Meanwhile, on a month-over-month basis, the inflation declined to -0.5% from 0.6%. On the other hand, the producer prices rose by 4.4 percent...
  10. syamfx2020

    DAILY MARKET REPORT - Thursday, April 08, 2021

    Tech giants Microsoft, Facebook and Alphabet shares climbed to new heights on Wednesday. Social media company Facebook (NASDAQ: FB) shares hit a new all-time high of $314 and the stock is up more than 13% since the beginning of the year. While Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ...
  11. syamfx2020

    DAILY MARKET REPORT - Wednesday, April 07, 2021

    Eurozone and Germany reported better-than-expected March service PMI data. While the UK services PMI came below the forecast. Moving ahead to the North American session, Canada will release the latest Ivey PMI figures. UK services PMI – Actual: 56.3 Forecast: 56.8 Previous: 49.5 Eurozone...
  12. syamfx2020

    DAILY MARKET REPORT - Tuesday, April 06, 2021

    The EUR/USD slightly retreated from the daily highs after the Eurozone unemployment rate came above the forecasts. The unemployment rate came at 8.3% in February 2021, above market expectations of 8.1%. EQUITIES Wall Street ended higher on Monday boosted by strong ISM service PMI data, both...
  13. syamfx2020

    DAILY MARKET REPORT - Monday, April 05, 2021

    The British pound trading strong against the US dollar and Euro on Monday boosted by the fastest vaccination figures in the UK. In the UK, the number of people vaccinated passes 5 million. On Saturday, the country reported the lowest number of daily Covid deaths since mid-September. “We've...
  14. syamfx2020

    Palantir stock dips to near $20: Is now a good time to buy?

    The American software company Palantir Technologies (NYSE: PLTR) stock went public on September 30, 2020. The company shares gained nearly 200% and made a spectacular 3-month rally from closing their trading first session at $9.50 on Sept. 30 to $45 on Jan 2021. While the $PLTR dropped more than...
  15. syamfx2020

    DAILY MARKET REPORT - Thursday, April 1, 2021

    U.S. President Joe Biden announced $2.3 trillion worth of spending to be spread out over an 8-year period including $621 billion for transportation and $580 billion for manufacturing. Biden’s bill includes $111 billion to provide broadband access nationwide and provide better wages and benefits...
  16. syamfx2020

    DAILY MARKET REPORT - Wednesday, March 31, 2021

    The UK food delivery giant Deliveroo shares plunged 30% on its stock market debut on Wednesday. At the time of writing, the Deliveroo shares trading at £3.06 on the London Stock Exchange, around 22% below its initial public offering price of £3.90. The company share price opened at £3.02 and...
  17. syamfx2020

    Chewy shares jump 10% on Q4 results

    “Years of preparation and focus have positioned us as the Internet’s preeminent neighbourhood pet store and a leading pure-play e-commerce company in the pet space.” Chewy CEO, Sumit Singh said. The e-commerce pet-product retailer Chewy Inc. (NYSE: CHWY) reported better-than-expected financial...
  18. syamfx2020

    Will the Wall Street rally continue in Q2?

    The global stock market recorded a solid gain in the first quarter of 2021. The markets are finished in 2020 with a big bang having delivered one of the fastest recoveries in the history of the markets after the sell-off in March 2020. The US stock indices, Dow Jones and S&P 500 climbed to...
  19. syamfx2020

    DAILY MARKET REPORT - Tuesday, March 30, 2021

    The US dollar index rose to a fresh year high while the Dow Jones climbed to a new record high on Tuesday ahead of confirmation of President Biden’s infrastructure package on Wednesday. Biden expected to announce an infrastructure plan that is expected to cost more than $3 trillion. EQUITIES...
  20. syamfx2020

    DAILY MARKET REPORT - Monday, March 29, 2021

    Crude oil prices slightly rebounded from the early session lows. During the Asian session, the oil prices fell after the re-floating of the Ever-Green vessel that was stuck along the Suez Canal. The container ship Ever Given has been partially floated and straightened in the Canal. EQUITIES...
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