Yesterday after the market closed, Apple Inc. published its reports, showing good results. Against this backdrop, shares of technology companies in Asia such as Manufacturing Co and AAC Technologies Holdings Inc, which are Apple’s suppliers, rose in price. Revenue from sales of the iPhone exceeded expectations, as well as earnings per share of the company, and soon there will be 10 anniversary of the release of the smartphone from Apple. The MSCI index was stable at the beginning of trading, and the Nikkei rose 0.4%. On Wall Street, Nasdaq rose 0.23%, Dow Jones closed 0.33% higher yesterday, while the S & P 500 rose 0.24%. Continue reading
On Tuesday, stocks and indices in Asia rose rapidly: investors are waiting for Yellen’s clues on the future monetary policy of the Fed. Australian stocks fell in price, while Korean and Japanese stocks went up.
The most extensive index of the Asia-Pacific region MSCI rose by several points at the beginning of trading, while the Nikkei rose by 0.1%. The US dollar index is trading at 0.1% higher at around 96,095.
The New Zealand dollar fell in price and traded with negative dynamics after the indicators of the report on public spending disappointed the expectations of the markets. Continue reading
Another attempt by the Republicans to replace Obamacare failed, which casts doubt on Trump’s ability to carry out the restructuring of the tax system in the United States promised in the election campaign.
This had a negative effect on the dollar exchange rate. The USDAUD pair was trading at the two-year low, and USDCHF at the yearly low. The losses of USDJPY were limited, as the Central Bank of Japan adheres to its large-scale incentive plan, which contributed to a drop in yield. The euro traded steadily at 1.1542 at the beginning of the session: investors are cautious ahead of the ECB monetary policy meeting to be held on Thursday. Continue reading
Today is a busy day for traders, as important events will occur immediately in the three leading economies of the world.
In Britain today is the day of parliamentary elections: citizens will come to polling stations to cast their vote for a particular political party. The pound sterling rate will react sensitively to the exit poll results and any news regarding the elections. At the moment, the value of the GBP is a potential victory for the Conservatives, and if the election results are different, that is, the Labor Party will win, the pound’s rate will rapidly fall. If the Conservatives do not win a majority, it will be seen as a bearish pound, as the parties will have to form a coalition, which entails additional political risk as uncertainty grows. Continue reading
US stocks were again hit hard yesterday, when Wall Street experienced the worst day in the past 8 months amid political turmoil in the United States. We are seeing the so-called Trump deal, in which the shares and the US dollar were raised for months on Trump’s promise to be good for business, and also promised to take a less rigid stance towards banks. The bullish slump has disappeared, and we are seeing profit taking on recent moves that have shown record highs. The reason for doubt is the recent accusation and subsequently the creation of an independent supervisory board to examine allegations that Trump and / or the Trump administration have colluded with Russia in rigging elections in the United States. Former FBI director Robert Mueller was named special prosecutor of the Russian court, and the market expects that tax and other reforms will give way, as the White House is coping with it. Shares will remain under pressure, as traders are cautious, quickly drop stocks if political instability worsens.
Yesterday’s trade showed that the markets were tired again, as we saw that Asian stocks don’t keep up with Wall Street growth, when both NASDAQ and S&P 500 showed record highs after stronger growth in energy reserves due to higher traffic In the crud oil. Nikkei 225 stopped at 20,000 points, adding 0.1%, while ASX 200 added 0.2% after a fairly neutral release of RBA-minutes, in which the Bank was concerned about housing and labor markets, balancing it with Forecast of sustainable GDP growth. In China, as in Shanghai comp. And Hang Seng lost 0.3%, as regulatory concerns mount.
In the currency pair, the dollar remained low, as we saw that the USD index, a measure of the strength of the US dollar against the basket of currencies, remains below the 99 level. JPY found strength, as sentiment fell overnight, prompting USDJPY to fall below 113.50, Canceling strong pressure on the purchase from the end of yesterday.
GBP remains muted ahead of today’s release of CPI, in which we expect a 2.6% growth year-on-year. Continue reading
We chose three key releases this week, opening the possibility for traders, so learn more right now!
Tuesday will be released Australian Retail Sales figure that shows changes in retail sales and consumer purchasing power and makes it clear whether they are spending more or less than last month. Continue reading