technical analysis

  1. syamfx2020

    DAILY MARKET REPORT - Tuesday, Oct 06, 2020

    Reserve Bank of Australia kept the cash rate unchanged at a record low of 0.25% during its October meeting. The central bank said the decision was based on the uneven recovery of the global economy due to the coronavirus. The RBA also kept its target yield for three-year government bonds at that...
  2. syamfx2020

    DAILY MARKET REPORT - Monday, Oct 05, 2020

    Eurozone, Germany, and UK September service PMI data reported better-than-expected. Moving ahead to the North American session, the US will release the latest ISM non-manufacturing PMI figures. UK services PMI – Actual: 56.1 Forecast: 55.1 Previous: 58.8 Eurozone services PMI - Actual: 48.0...
  3. syamfx2020

    DAILY MARKET REPORT - Friday, Oct 02, 2020

    The US nonfarm payrolls report is one of the most important data scheduled for release later today, the NFP report due at 12:30 GMT today. NFP measures employment levels in the United States that does not include farm workers, private household employees, or non-profits. The market is expecting...
  4. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 01, 2020

    The British pound plunged more than 100 pips during the European session after the EU and the UK failed to close differences in the latest round of trade talks. On the other hand, UK Manufacturing PMI reported 54.1 for the last month, slightly lower than expected. EQUITIES Wall Street ended...
  5. syamfx2020

    DAILY MARKET REPORT - Wed, Sep 30, 2020

    China's official manufacturing PMI released on Wednesday; the PMI rose to 51.5 in September from 51 the previous month. Meanwhile, the Caixin manufacturing PMI edged down from 53.1 last month to 53.0 in September. EQUITIES Asian stocks trading mixed on Wednesday despite better-than-expected...
  6. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 29, 2020

    US stock futures and Metals trading steady on Tuesday ahead of the first US presidential election debate between US President Donald Trump and his Democratic rival Joe Biden which is set to start at 9 pm ET (2 am on Wednesday morning in the UK). EQUITIES Wall Street ended higher on Monday...
  7. syamfx2020

    COSTCO surprises again Wall Street with strong results

    Costco Wholesale (NASDAQ: COST) showed its continued growth during the pandemic, America’s multinational corporation announced better-than-expected fourth-quarter financial results on Thursday. The company E-commerce sales rose 91.3% during Q4 on a year-over-year basis and were up 50.1% for the...
  8. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 25, 2020

    US New Home Sales for August revealed an advance to 1,011K, against the predicted 890K, according to a report from the National Association of Realtors. Sales of new homes increased by 4.8%, the rate was the highest since 2006. On the other hand, the existing home sales increased 2.4% to a...
  9. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 24, 2020

    The US dollar index surged to two months high on Thursday. At the time writing, the index trades steady above 94.40. Moving ahead to the North American session, the investors and traders will closely monitor the latest US home sales and weekly jobless claims data. EQUITIES Global equity...
  10. syamfx2020

    DAILY MARKET REPORT - Wed, Sep 23, 2020

    Reserve Bank of New Zealand maintained its official cash rate at a record low of 0.25%. The RBNZ Monetary Policy Committee said it would keep the OCR at 0.25% for at least a year and planning to introduce a Funding for Lending Programme (FLP) before the end of this calendar year. The Committee...
  11. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 22, 2020

    The British pound slipped to near 2-months low on Tuesday after Bank of England Governor Bailey warned that the recent rise in COVID-19 cases "reinforced the downside risks" facing the UK economy. On the other hand, England's chief medical officer Whitty has warned the rate of COVID-19...
  12. syamfx2020

    DAILY MARKET REPORT - Monday, Sep 21, 2020

    US markets are set to open lower today. Dow and the S&P 500 futures are down more than 1% at the time of writing, while Nasdaq has declined by 1.5%. EQUITIES UK shares plunged on Monday led by HSBC and Standard Chartered shares after an investigation released over the weekend based on leaked...
  13. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 18, 2020

    UK retail sales rose by 0.8% in August, according to the Office for National Statistics (ONS) and Sales from online channels moved 2.5% lower against July’s data but were still 46.8% higher than pre-pandemic levels. Meanwhile, U.S. retail sales rose only 0.6% in August following July’s revised...
  14. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 17, 2020

    The British pound trading slightly lower on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the BoE to leave its interest rate unchanged as the bank is in a ‘wait-and-see’ mode. It is also projected to maintain the bond-buying scheme at £745...
  15. syamfx2020

    DAILY MARKET REPORT - Wednesday, Sep 16, 2020

    The two days FOMC meeting that began Tuesday and concludes with a statement and a press conference due later today. The central bank scheduled to issue its policy statement at 18.00 GMT. The investors will closely watch the press conference of U.S. Federal Reserve chair Jerome Powell for clues...
  16. syamfx2020

    EURUSD surged to 1.19

    EURUSD climbed to 1.19 on Tuesday supported by better-than-expected German economic data. The ZEW economic sentiment rose to 77.4 in Sept vs. 69.8 expected. Technical levels to watch today: 1.1860 & 1.1830 1.1917 & 1.1940
  17. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 15, 2020

    Apple (NASDAQ: AAPL) stock closed 3% higher on Monday ahead of Apple product announcement event on Tuesday. The event titled "Time Flies" will be held virtually this year considering the Covid-19 pandemic. The investors will closely monitor the event to know the details of new products, as well...
  18. syamfx2020

    DAILY MARKET REPORT - Monday, Sep 14, 2020

    As per the recent update, Oracle would become TikTok's US technology partner and manage US user data. "I think Oracle is a great company, and I think its owner is a tremendous guy," US President Trump said. "He's a tremendous person. I think that Oracle would be certainly somebody that could...
  19. syamfx2020

    Chewy Q2 results beat Wall Street estimates

    The e-commerce pet-care retailer Chewy Inc. (NYSE: CHWY) reported better-than-expected second-quarter results on Thursday. The strong results are boosted by the pet adoptions have also been spiking during this Coronavirus pandemic period. The company revenue climbed 47% to $1.7 billion from...
  20. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 11, 2020

    UK Gross domestic product expanded 6.6% in July from June; the data published by the Office for National Statistics showed Friday. While the numbers came in slightly lower than the 6.7% expected by analysts, and significantly lower than the 8.7% growth seen in June. On the other hand, Industrial...
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