market report

  1. syamfx2020

    Daily Market Report - Thursday, Sep 7, 2023

    Shares of the video game retailer GameStop (NYSE: GME) jumped more than 8% in after-hours trading on Wednesday after the company reported better-than-expected fiscal second-quarter earnings report. GameStop posted an adjusted loss per share of $0.03 and revenue of $1.16 billion topped the $0.14...
  2. syamfx2020

    Daily Market Report - Wednesday, Sep 6, 2023

    Crude oil prices spiked to fresh ten-month highs on Tuesday after the largest oil producers & exporters namely Saudi Arabia and Russia agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting...
  3. syamfx2020

    Daily Market Report - Tuesday, Sep 5, 2023

    Global equity markets slid lower today after the disappointing August services PMI readings from China and European regions. China pointed to a bigger-than-expected slowdown in services activity. The Caixin services purchasing managers' index in August increased by 51.8, which was less than the...
  4. FOREX.com

    Daily Market Report

    USD/JPY analysis: Asian Open – 4th September 2023 Market Summary: Nonfarm payrolls was mixed on Friday, with 187k jobs added above the 170k expected yet unemployment rose to 3.8% - its highest level since February 2022. Weekly hours rose to 34.4 (34.3 expected and previous) yet average earnings...
  5. syamfx2020

    Daily Market Report - Friday, Sep 01, 2023

    Today traders across the globe waiting for the much-anticipated Non-Farm Payrolls (NFP) report after Thursday’s release of the core PCE price index suggests the possibility of an additional 25 basis points rate increase this year. Additionally, US weekly unemployment claims dropped to 228k from...
  6. syamfx2020

    Daily Market Report - Thursday, Aug 31, 2023

    The euro remains under pressure against the US dollar and other currency pairs following the release of Eurozone inflation data. The latest Eurozone CPI report showed that the annual inflation rate was unchanged at 5.3% YoY in August. The inflation rate was expected to fall to 5.1%. On the other...
  7. syamfx2020

    Daily Market Report - Wednesday, Aug 30, 2023

    The price of Bitcoin (BTCUSD) has increased by more than 7% in the past 24 hours to $28,100 as the US court ruled in favor of Grayscale Investments, a subsidiary of Digital Currency Group, in regard to the application of a spot BTC ETF. The upside momentum was also lifted after the social media...
  8. syamfx2020

    Daily Market Report - Thursday, Aug 24, 2023

    The US dollar pairs remain the centre stage of attention for the next two days. The dollar index, which tracks the U.S. currency against six major peers reversed from the 11-week highs and ended lower on Wednesday. The index had good two-way price moves since the beginning of this week...
  9. syamfx2020

    Daily Market Report - Wednesday, Aug 23, 2023

    Today all eyes are focused on the several purchasing managers surveys, countries such as Germany, the UK, the US, and the Eurozone. PMIs are significant as they tend to be reliable leading indicators of growth. A reading above 50 indicates expansion while a sub-50 print indicates contraction in...
  10. syamfx2020

    Daily Market Report - Tuesday, Aug 22, 2023

    Nvidia (NASDAQ: NVDA) is one of the best-performing semiconductor stocks this year. The stock recovered from the recent retracement and gained more than 8% on Monday, its biggest one-day % gain since May after the HSBC analysts reiterated a buy recommendation and hiked the stock's target price...
  11. syamfx2020

    Daily Market Report - Friday, Aug 18, 2023

    The largest cryptocurrency bitcoin (BTCUSD) plummets after the crypto pair failed to hold above the major diagonal trendline. The price of Bitcoin fell by 7.5% in 24 hours and in a flash crash, BTC temporarily fell towards the $25,000 mark. The fall leads to a cascade of liquidations in the...
  12. syamfx2020

    Daily Market Report - Thursday, Aug 17, 2023

    The big-box retailer Target (NYSE: TGT) reported stronger-than-expected second-quarter earnings on Wednesday but slashed its full-year profit forecast. Target’s total revenue of $24.8 billion was down nearly 5% year over year. However, the stock jumped despite the company's reported mixed...
  13. syamfx2020

    Daily Market Report - Wednesday, Aug 16, 2023

    The British pound has regained bullish momentum after the release of UK inflation data. The CPI data showed the UK inflation rate dropped to the lowest level the country has seen since February 2022, driven by a significant decrease in food and energy prices. The Office for National Statistics...
  14. syamfx2020

    Daily Market Report - Tuesday, Aug 15, 2023

    The US dollar index slightly reversed from the 6-week highs. On Monday, the dollar index, which measures the greenback against six major peers reached a fresh 6-week high of 103.40. Moving ahead, the price actions appear to be part of a consolidation phase and the pair is likely to trade...
  15. syamfx2020

    Daily Market Report - Thursday, Aug 10, 2023

    Get ready for a volatile trading day as inventors anxiously wait for the release of the US CPI report for July that might influence the Federal Reserve’s decision on whether to increase the rate of 25 bps at the Sep. 20 meeting. Inflation has fallen from its June 2022 peak of 9.1 percent to 3...
  16. syamfx2020

    Daily Market Report - Wednesday, Aug 09, 2023

    China’s economy slipped into deflation as consumer prices contracted for the first time in more than two years. Deflation is the opposite of inflation, in other words, a decrease in the prices of goods and services. The decline in exports and the ongoing problems in the real estate market are...
  17. syamfx2020

    Daily Market Report - Tuesday, Aug 08, 2023

    The euro reversed from the early gains and fell against all its major developed-market peers after the latest German inflation data showed more signs of slowing inflation, easing pressure on the European Central Bank to keep raising interest rates. The CPI data showed the annual inflation rate...
  18. syamfx2020

    Daily Market Report - Friday, Aug 04, 2023

    Markets taking a deep breath Friday morning and waiting for the US employment report for July. The US Bureau of Labor Statistics (BLS) will release the July jobs report today at 12:30 GMT. The expectations are for 200k jobs to have been added to the US economy in July and the unemployment rate...
  19. syamfx2020

    Daily Market Report - Thursday, Aug 03, 2023

    The British Pound and UK shares traded lower Thursday Morning ahead of the Bank of England meeting outcome. The BOE Monetary Policy Statement is set to be released at 11:00 GMT. Along with this release will see Governor Bailey's press conference 30 minutes after at 11:30. The central bank...
  20. syamfx2020

    Daily Market Report - Wednesday, Aug 02, 2023

    The dollar index - which measures the U.S. dollar's strength against a basket of six influential currencies such as the euro, recovered from the early session's lows. The dollar index dropped during the late North American session following a surprising move by the rating agency Fitch's...
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