Chaotic American Politics, ADP Impresses One Last Time
Chaotic American Politics, ADP impresses one last time, Oil higher on weaker dollar and surprise draw, Gold recaptures $1900 US stocks climbed higher following further progress with stimulus talks and after an impressive round of economic data showed the economic...
U.S Futures Sliding – Watch DIS, MU, GOOGL, REGN, SBUX
The S&P 500 Futures remain under pressure after a first acrimonious presidential debate between Donald Trump and Joe Biden. Later today, final readings of 2Q annualized GDP will be expected at -31.7% on quarter. The Automatic Data Processing (ADP) will...
Euro Loses Shine as Second Wave Grips Europe; Can The Rally Be Restored?
It wasn’t so long ago when everything was looking up for the Eurozone economy and the single currency couldn’t put a step wrong. After being ravaged in the spring by soaring deaths from COVID-19 and an economically bruising lockdown, Europe...
EUR/USD Gains Continue after Dismal Week
EUR/USD has recorded gains for a second straight day. In Tuesday’s North American session, EUR/USD is trading at 1.1703, up 0.34% on the day. The pair is looking to recover from a decline of 1.7% last week, marking its worst...
Asia Morning: U.S. Stocks Rally Further
On Monday, U.S. stocks continued their rally. The Dow Jones Industrial Average jumped 410 points (+1.51%) to 27584, the S&P 500 rose 53 points (+1.61%) to 3351, and the Nasdaq 100 was up 213 points (+1.91%) to 11364. Nasdaq 100...
Sunset Markets Commentary
Markets The spark which ignited US stock markets to a 1.5%-2.5% rally survived the weekend and triggers similar gains in Europe today. It’s hard to pin a specific trigger to stocks’ rally. If any, it proves that stock market sentiment...
US Equities Continue Friday Bullishness, Commodities Point Downwards
Wall Street is likely to start the week off on the right foot, as futures on the three benchmark indices continue the bullish stance. After four weeks of a disastrous September, equities try to maintain investors’ confidence, though a Wells...
Weekly Economic and Financial Commentary: Eurozone Recovery Threatened by Surging COVID Cases
U.S. Review More Strong Housing Numbers Existing home sales rose 2.4% to a 6.0-million unit annual pace. The surge in sales further depleted inventories and pushed prices sharply higher. The IHS Markit Purchasing Managers’ survey noted that manufacturing conditions improved...
The Weekly Bottom Line: More Evidence of Recovery Shifting into Slower Gear
U.S. Highlights Major U.S. equity markets edged lower this week, extending their losing streak to four weeks. This came alongside an uptick in new COVID-19 cases and growing evidence that the economic recovery has shifted into lower gear. Existing home...
Week Ahead: US Presidential Debate and Non-Farm Payrolls
Central Bank speakers were out in full force last week talking about monetary policy stimulus and how they all have plenty of room to ease, if needed. US/China relations continue to be threatened, this time as China steps up its...
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