This/Next Week Forecast (September 21 - 25, 2020)
Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 2.160, which will be followed by moving up to resistance level 2.480 and 2.700. Downtrend scenario The downtrend may be expected to continue in case the market
The Australian stock market is edging lower on Monday after U.S. stocks fell on Friday reflecting a continued slump by technology stocks and the lack of progress on a U.S. stimulus package. Worries about the global economic recovery also weighed on the market.
The benchmark S&P/ASX 200 Index is
Photo: Sylwester Majewski
For the last two years, we have been witnessing growing regulatory requirements in Europe and, more recently, in Australia as well. Many brokers have decided to open or use existing regulated offshore branches to offer an alternative to clients. Recent changes in Bahamian
Little on the data docket as the focus stays on continued plunge in US stocks
Another 4% rout in the Nasdaq rounded off a rather dreadful day for risk assets yesterday, with oil slumping heavily as well while the dollar and yen kept firmer.
Asian equities are softer in trading today but US futures
Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple of months are shrinking according to the EIA.
The spot price differentials between local natural gas hubs in the United States and the Henry Hub
Destatis has released German trade data for July at 2.00 am ET Tuesday. After the data, the euro traded mixed against its major counterparts. While the euro rose against the greenback and the yen, it changed little against the pound and the franc.
The euro was trading at 125.57 against the yen, 1.08
NZD/USD has run into a wall of supply and struggles to maintain its northerly fight path.
There is scope for a continuation on the upside if the bird can get over the current resistance.
While below resistance, the bias is towards the downside.
The bird has flown into a wall of supply and has cor
The Hong Kong stock market has closed lower in three straight sessions, sinking almost 500 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 24,700-point plateau and it figures to open under pressure again on Monday.
The global forecast continues to be soft, with cont
UK new car sales fell in August after a double-digit growth in the previous month, reports said on Friday, citing data from the Society of Motor Manufacturers and Traders, or SMMT.
New car registrations dropped 5 percent year-on-year in August, which is typically a quiet month of car sales.
The US Labor Day holiday is on Monday 7 September 2020
It traditionally marks the end of the summer doldrums in northern hemisphere markets, you know the quiet days like Thursday ... (for clarity that's a joke, it was crazy):
US stocks tumble. Major indices have worst day since June (for S&am
Tickmill Group ended 2019 by recording significant growth in financial metrics which are outlined as follows:
Net revenue stood at $68.6 million, marking a 52.1% increase from 2018’s result of $45.1 million.
Net profit came in at $37.7 million, up4% compared to 2018’s figure
US stocks finished yesterday’s session on a mixed note with the S&P500 still within touching distance of its record highs in February, as it slowly and incrementally edged its way higher, with the Nasdaq once again helping support market resilience in what is increasingly becoming subdued holida
German stocks edged lower on Wednesday, with mixed earnings updates and growing uncertainty over whether U.S. lawmakers would agree on an additional round of big fiscal stimulus weighing on markets.
The benchmark DAX dropped 34 points, or 0.27 percent, to 12,911 after rallying 2 percent in the previ
EUR/USD is looking to establish a foothold above 1.18 in Asia.
The 4-hour chart shows the pullback from recent highs above 1.19 has ended.
EUR/USD is currently chipping away at the psychological hurdle of 1.18, having put in a low of 1.1711 on Wednesday.
The 4-hour chart shows a falling wedge bre