fundamental analysis

  1. 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...
  2. syamfx2020

    DAILY MARKET REPORT - Friday, Oct 30, 2020

    U.S. gross domestic product surged at a 33.1% annualized rate in the third quarter, the Commerce Department said on Thursday. The data was stronger than the estimate of 32.0% and comes after a staggering decline of 31.4% in Q2. Wall Street closed slightly higher on Thursday after the upbeat GDP...
  3. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 29, 2020

    EURO slides to the lowest level in two weeks ahead of ECB Monetary Policy Statement which is set to be released at 12:45 GMT. Along with this release will see the ECB Press Conference 45-minutes after at 13:30. The European Central Bank is expected to leave rates and QE program unchanged while...
  4. syamfx2020

    DAILY MARKET REPORT - Wed, Oct 28, 2020

    Microsoft (NASDAQ: MSFT) announced better-than-expected 2021 first-quarter financial results on Tuesday. The company’s overall revenue rose by 12% to $37.2 billion in the quarter ended September 30 Meanwhile, Microsoft shares were down 0.2% in after-hours trading after the unimpressive revenue...
  5. syamfx2020

    DAILY MARKET REPORT - Tuesday, Oct 27, 2020

    Crude Oil prices slipped to a 3-week low on Monday due to global demand concerns and amid fears about a resurgence in coronavirus cases. On the other hand, the recent bearish momentum fuelled by the resumption of Libya’s oil exports after the Libyan National Army announced an end to an...
  6. syamfx2020

    DAILY MARKET REPORT - Monday, Oct 26, 2020

    Global markets trading lower on Monday as investors remain concerned about a fresh spike in the number of coronavirus cases and a number of restrictions imposed mainly by European countries. Europe reported more than 1.3 million new cases this past week, its highest single week count yet...
  7. syamfx2020

    What’s the next stop for Gold?

    Gold price surged more than 28% so far this year and hit a new all-time high of $2,074 in August. This year the gold price rally has been driven by a combination of rising coronavirus cases, weakness in the USD, lower interest rates, major geopolitical events such as the tensions between the US...
  8. syamfx2020

    DAILY MARKET REPORT - Friday, Oct 23, 2020

    US Airline companies American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) reported third-quarter financial results on Thursday. Both the airline company shares closed higher on Thursday after narrower than expected earnings. American Airlines' stock climbed 3% higher while...
  9. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 22, 2020

    The electric car maker Tesla (NASDAQ: TSLA) reported its fifth consecutive quarterly profit on Wednesday, with revenue of US$8.8 billion. Tesla delivered 139,300 vehicles this quarter, beating the company’s previous record of 112,000 vehicle deliveries in the fourth quarter of 2019. "Achieving...
  10. syamfx2020

    Snap stock hits all-time high today. Here’s why

    Snapchat's parent company Snap Inc (NYSE: SNAP) shares surged more than 20% on Wednesday in pre-market trading after the company reported better-than-expected third-quarter financial results. The Social media company registered a 52% increase in revenue at $679 million in its third quarter. The...
  11. syamfx2020

    DAILY MARKET REPORT - Wed, Oct 21, 2020

    US dollar edged lower amid rising hopes for the United States would conclude a new stimulus package. The next stimulus agreement could be worth up to $2 trillion and contain more direct payments to U.S. individuals and families. US House Speaker Nancy Pelosi said she remains hopeful of a...
  12. syamfx2020

    Logitech stock skyrockets after robust Q2 earnings

    In after-hours trading, the Logitech (NASDAQ: LOGI) share price rose more than 16% after the company reported strong second-quarter financial results on Monday. The company profit for the last quarter jumped to $266.9 million from $72.9 million, as sales surged 75% to $1.26 billion. "The growth...
  13. syamfx2020

    DAILY MARKET REPORT - Tuesday, Oct 20, 2020

    Global markets are trading mixed on Tuesday as investors are concerned about the increasing number of COVID infections. Ireland and Wales became the first countries on the continent to re-enter lockdown as the number of people who have died from Covid-19 in Europe passed 250,000. Ireland’s total...
  14. syamfx2020

    Weekly Economic and Earnings Calendar 19/10/2020 – 23/10/2020

    This week started with better-than-expected Chinese economic data and on the earnings front, IBM reported mixed Q3 results. Moving ahead there are other few key events to watch
  15. syamfx2020

    DAILY MARKET REPORT - Monday, Oct 19, 2020

    The National Bureau of Statistics data showed on Monday China's gross domestic product (GDP) expanded 4.9 percent year on year in the third quarter of 2020, that’s lower than economists forecast, but faster than the 3.2% expansion seen in the second quarter. Meanwhile, the retail sales grew 3.3...
  16. syamfx2020

    DAILY MARKET REPORT - Friday, Oct 16, 2020

    US Dollar hovers near the two-week high ahead of US retail sales numbers that will come out at 12:30 GMT, which is expected to show a rise of 0.8%. EQUITIES Global stocks trading mixed on Friday amid concerns over rising coronavirus infections and fresh lockdown restrictions in several...
  17. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 15, 2020

    The British pound trading volatile ahead of the European Union summit on Thursday as investors waiting for further updates about the future of negotiations between the European Union and Britain. While the UK government hinted at its willingness to extend the Brexit negotiations beyond the...
  18. syamfx2020

    DAILY MARKET REPORT - Wed, Oct 14, 2020

    On Tuesday, the U.S. Labor Department announced its U.S. Consumer Price Index rose 0.2% last month, after a 0.4% rise in August. On a year-over-year basis, the CPI increased by 1.4% after rising 1.3% in August. EQUITIES Wall Street closed lower on Tuesday after U.S. health regulators have...
  19. syamfx2020

    Major banks Q3 earnings preview

    This week Investors will shift their attention to major US bank's earnings. JPMorgan (NYSE: JPM) and Citigroup (NYSE: C) are both due to release results on Tuesday, followed by Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), and Morgan Stanley (NYSE: MS) later in...
  20. syamfx2020

    DAILY MARKET REPORT - Tuesday, Oct 13, 2020

    Apple (NASDAQ: AAPL) shares closed 6% higher on Monday ahead of its virtual "Hi, Speed" event on Tuesday. The company is set to reveal a new iPhone and other technology updates. The launch event will be an online event that will be live-streamed from the Apple Park and the Steve Jobs Theatre in...
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