market report

Casino sector stocks showing positive price momentum this week despite the overall market sell-off. Shares of the Casio giants Wynn Resorts (NASDAQ: WYNN) and Las Vegas Sands (NYSE: LVS) registered strong gains on Monday after the world’s largest gaming hub Macau, government officials signaled...

Global stock markets are under huge pressure and selling is going on. Wall Street and global stock markets hit hard on Monday. Markets are dumping because FED and other major central banks maintain an aggressive rate-hike strategy that could trigger a growth slowdown or a recession. Moving...

The Japanese Yen regained strong momentum against the other currency pair after Japan’s top currency diplomat Masato Kanda said they had intervened in the foreign exchange market to limit the weakening of the JPY. The intervention happened after USDJPY hit the fresh 24-year high of 145.88. The...

Today, the Investors and traders will closely monitor the release of the Federal Reserve’s monetary policy decision, where markets are expecting at least a 0.75% hike after surprisingly higher August inflation data, but some market participants and traders do not rule out more aggressive stance...

Gold price trades flat on Tuesday as Investors await the outcome of the US Federal Reserve meeting for pricing cues. The precious metal has been under intense selling pressure since last Tuesday after the release of hotter-than-expected US inflation data. The inflation data fueled speculation...

Today the US retail sales will be the highlight, the U.S. Census Bureau releases its retail sales report for the month of August which will give an indication into the strength of the US economy. The data will be announced at 12:30 GMT. Retail sales in the US indicate the consumer demand for...

The US dollar pairs remain the centre stage of attention. The dollar index, which tracks the U.S. currency against six major peers reversed the early gains. As of this writing, the index slightly retreats back to below 109.50. During the previous session, the greenback rebounded strongly and...

For today all eyes will be turning to the August US inflation data which will give us the latest insight into whether inflation actually peaked in the short term. The consensus is that inflation will fall to 8.1% on an annual basis from July’s 8.5%. If inflation comes below 8% then the Federal...

The GBPUSD rebounded back to above 1.16 on Friday as the US Dollar consolidated against its rivals after climbing to a fresh multi-decade high early this week. However, the investors should closely monitor the release of the latest UK inflation report and Bank England rate decision for the...

Finally, the most awaited September European central bank monetary policy decision is due to release today. The meeting outcome could bring extra volatility to the global markets. The ECB Monetary Policy Statement is set to be released at 12:15 GMT. Along with this release will see the ECB...

Shares of the iPhone maker Apple (NASDAQ: AAPL) have been falling for the last 2 consecutive weeks after the stock failed to break above the upper trendline. On Tuesday, the stock closed at $154.53. Moving ahead, the Apple investors and traders are eagerly waiting for Apple’s media event on...

Crude oil futures back to near the previous week's lows on Tuesday morning after OPEC’s small oil output cut failed to impress investors resulting in a sharp decline in the crude oil price. The Organisation of Petroleum Exporting Countries and allies led by Russia, known as OPEC+, decided to cut...

Shares of the leading electric vehicle charging network in North America and Europe ChargePoint (NYSE: CHPT) advanced more than 12% on Wednesday. This EV charging company released its second quarter financial results on Tuesday. ChargePoint second-quarter revenue increased the top-end of its...

Global stock markets remain under pressure since Friday after Federal Reserve Chairman Jerome Powell vowed to keep pressing the fight against inflation. The major indices of the US stock markets showed a lot of volatility and closed with significant losses on Tuesday after the comments from the...

The British pound remains one of the weakest currency pairs this month. GBPUSD started this week with a bearish note, on Monday touched 1.1650 its lowest level since March 2020. For this week, the first key support level is located at 1.1630/20. In case it breaks below this level, it will head...

Euro and European shares traded higher on Thursday morning supported by the release of better-than-expected German macro-economic data. The German GDP advanced 0.1% in Q2 2022, compared to preliminary estimates of 0.0%. The GDP expanded by 1.8% annually for the second quarter of 2022. German IFO...

The leading semiconductor company NVIDIA (NASDAQ: NVDA) is scheduled to report its second-quarter earnings on Wednesday, August 24, after the market close. The company is expected to post quarterly earnings of $0.51 per share and revenues are expected to be $6.7 billion. Nvidia's share price has...

UK, Eurozone, and Germany reported mixed Purchasing Managers Index (PMI) readings on Tuesday. Moving ahead to the North American session, the US will release the latest PMI numbers. UK manufacturing PMI – Actual: 46.0 Forecast: 51.0 Previous: 52.1 UK Services PMI – Actual: 52.5 Forecast: 52.0...

The Crypto market witnessed a reversal last couple of weeks and the Bitcoin (BTC), the most valuable crypto by market capitalisation recovered back above $25,000 for the first time in two months. The crypto pair traded with a bid tone for the entire last week, with some weakness seen only on...

July’s UK consumer price index came in at a hotter-than-expected 10.1% gain for the year, the highest rate for 40 years. Excluding energy and food prices, the core percentage of CPI inflation rose 6.2% in July, beating economists’ forecast of 5.8%. The higher inflation report fueled fears that...