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Tag Archives: Stocks

Dollar shows uncertainty despite strong data

Key points: The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s consumer confidence survey for May. This prevented further weakness in the dollar but left the DXY dollar index trading flat just above 104.50. The EUR/USD pair failed to push above 1.09, and GBP/USD could not sustain a rallyContinue Reading


Nasdaq index soars as tech stocks continue to rally 

Key points:  The Nasdaq composite index (Symbol: NAS100) surged on Friday, erasing earlier weekly losses and closing at a record high of 16,920.79. This marks a 1.3% increase for the week, driven by strong performance in tech shares. Standout earnings report from Nvidia (Symbol: NVIDIA) spurred investor interest in AI-related stocks, contributing to the rallyContinue Reading


Yen advances despite inflation concerns; Stock market shows mixed performance

The Japanese Yen (USD/JPY) has seen contained advances recently, despite mixed signals from economic indicators and policies from the Bank of Japan (BoJ). April’s consumer price index (CPI) data showed a decrease in headline inflation to 2.5%, down from 2.7% in March. Core inflation, which excludes fresh food, fell to 2.2%, while the measure excludingContinue Reading


Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent inflation may delay Federal Reserve interest rate cuts. Picture: Nikkei in the slumps as seen on the VT Markets app. The Nikkei index dropped 1.17% to 38,646.11 by the close, afterContinue Reading


A technical assessment of gold, Cable, Ninja, and Nvidia performance in May

Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus might shift to $2,335, which represents the 38.2% Fibonacci retracement of the 2024 rally. InContinue Reading


Market implications from the US dollar decline; stock markets await earnings report

Key Points: The U.S. Dollar Index (DXY) experienced a sharp drop due to softer-than-expected consumer price index (CPI) figures. The CPI data had rekindled hopes that the disinflationary trend, which had recently stalled, is now back on track. SEE: The DXY (symbol: USDX.) seeing a significant dip on the VT Markets trading app A dropContinue Reading


US stocks pullback: Rising bond yields and hawkish Fed comments  

Key Points:  After some rally since the US inflation data announcement, the major US stock indexes experienced a turbulent session, ultimately closing in the red. The S&P 500 Index (Symbol: SP500) dropped by -0.21%, the Dow Jones Industrials Index (Symbol: DJ30) declined by -0.10%, and the Nasdaq 100 Index (Symbol: NAS100) fell by -0.21%.  Rally shortlived with Hawkish commentsContinue Reading


Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

Key points: Japan’s Nikkei share average snapped a three-day winning streak to close lower on Friday, influenced by Wall Street’s tepid overnight performance and uncertainties surrounding the Bank of Japan’s (BOJ) policy trajectory. The Nikkei slipped 0.34% to finish at 38,787.38, although it still gained 1.43% for the week. Picture: Japan’s Nikkei’s decline, as observedContinue Reading


MARKETS TODAY: Forex market sees sharp movement, Berkshire Hathaway invests in Chubb

The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of 1.31 to 1. This sentiment is further underscored by an increase in net-short bets byContinue Reading


US stocks soar as Fed takes a soft landing 

Key Points:  Consumer prices slowed; market sentiment heightened  With US consumer prices slowing more than expected in April, investors now receive some relief from previous concerns about persistent inflation. This data suggests that the economy might achieve a “soft landing,” where inflation is tamed without a significant slowdown in growth.  With such newfound optimism, the USContinue Reading