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Thread: Daily Market Reviews by

  1. #271


    05 May 2014: Bears Feel More Confident In The Market

    Stock markets closed the last trading week mainly in negative territory. European stock markets are still influenced with the geopolitical situation in Ukraine, and even positive statistics did not help indices to move up.

    PMI indices of the members of the Eurozone showed positive dynamics, the index in the Eurozone, as a whole, increased from 53,3 points up to 53,4 points. In Switzerland, the index grew from the level of 54,4 points in March, to 55,8 points in April, but in Germany decreased from 54,2 points to 54,1 points. The unemployment rate appeared to be at the level of 11,8%, against the expected 11,9%.

    As a result, the British FTSE 100 index increased by 0,20%, France's CAC 40 lost 0,70% and Germany's DAX went down by 0,50%. The regional indicator STXE 600, in turn, decreased by 0,20% and closed the trading week on a level of 337,76 points.

    Statistics in the U.S. also appeared to be rather encouraging, but did not give indices power for growth. According to published data, employment in the U.S. non-farm payrolls increased in April by 288 thousand, while analysts had expected the number to be on a level of only 210 thousand. Additionally, the unemployment rate declined from 6,7% in March, to 6.3% in April, which was better than market expectations of 6.6%.

    Nevertheless, the Dow Jones Industrial Average index lost 0,28% and was closed on a level of 16512,89 points, the S&P 500 index was down 0,14%, reaching a level of 1881,14 points, and the index of the high-tech companies, Nasdaq, lost 0.09% and finished the trading session on a level of 4123,90 points.

    This morning, the index of business activity in the industry from HSBC in China was released, which, in April, made 48,1 points and appeared to be lower than the predicted result of 48,4 points. Later in the evening, we are going to see the index of economic conditions in the ISM non-manufacturing sector in the United States, for April. It is expected that the index should increase up to 54,1 points from the level of 53,1 points in March.

  2. #272


    07 May 2014: Third Session In A Row, Trading Takes Place In The Red Territory

    One more trading day in the stock markets finished in the red zone. European indices closed the day in negative territory, despite the positive statistics on retail sales in the Eurozone. The escalation of the conflict in the Ukraine is still having a serious effect not only on the development in the emerging markets, but also in all the European countries.

    As a result, the British index, FTSE 100, lost 0,35%, the French CAC 40 decreased by 0,78% and the German DAX went to a minus by 0,65%. The regional STXE 600 indicator decreased, in turn, by 0,30%, and was closed on a level of 336,04 points.

    The European stock markets are decreasing for the third day in a row, even though yesterday published data on retail sales in the region increased in March by 0,3%, whereas analysts expected the indicator to fall 0,2%. In the meantime, the index of business activity in services sector of Germany decreased from 55,0 points in March, to 54,7 points in April.

    The American stock market continued to follow the pessimistic moods of the European platforms. The Dow Jones Industrial Average index went down 0,78% to the level of 16401,02 points, the index of the wide market, Standard & Poor's 500, decreased by 0,90% and reached a level of 1867,72 points, and the Nasdaq Composite index went to a minus on 1,38%, and reached a level of 4080,76 points.

    Interesting movement was observed in the development of the prices of oil, where the quotations were influenced by the news regarding oil production renewal in Libya. This morning, Brent is up by 0,24% and is traded on a level of $106,75 perr barrel, having dropped from the level of $108,00 yesterday. In the meantime, WTI is up by 0,65% and has reached a level of $99,29 per barrel.

    Prices of precious metals are also moving in a positive direction, gold adding 0,16%. Investing in gold would cost you $1310,70 per troy ounce, whilst Silver is up 0,08% and is bargaining on a price of $19,66 per troy ounce.

  3. #273


    12 May 2014: Markets Are Consolidating After Central Bank Meetings

    On Friday, the largest world trading platforms finished the trading session with moderate growth. Following the results of the trading session, the Dow Jones Industrial Average raised 0,20% to a level of 16583,34 points, the index of the wide market, Standard & Poor's 500, increased by 0,15% and reached a level of 1878,48 points, and the index of high-tech industries, Nasdaq Composite, went to plus on 0,50% and reached a level of 4071,87 points. In a week, the Dow Jones index added 0,4%, the S&P 500 weakened by 0,1% and Nasdaq Composite lost 1,3%.

    The development of the European stock indices was slightly weaker. Following the results of the session, the British FTSE 100 lost 0,36%, the French CAC 40 decreased 0,66%, and the German DAX went to a minus by 0,27%. The regional STXE 600 indicator decreased, in turn, 0,30% and was closed on a level of 338,54 points. Today’s trading session started in a positive direction, the German DAX growing by 0,29%, the British index, FTSE 100, adding 0,26%, and only CAC 40 is losing, 0,10%.

    The situation in the commodities market remains stable. Prices of oil started to increase supported by fears regarding the situation in Ukraine, where oil transportation from Russia could be stopped due to the escalation of the ongoing conflict. Brent and WTI are growing 0,45% and 0,28%, traded on prices of $107,76 and $99,59 per barrel. Precious metals are also adding in value, gold is up by 0,21% and silver is growing 0,88%.

    Today is a very quiet day in relation to publications of macroeconomic statistical data, so the markets are going to consolidate around the levels reached.

  4. #274



    The upcoming week is going to be relatively slow, because of the holidays in the USA and the UK on Monday, May 26. Let us revise the most important news affecting financial markets that should be released next week.

    Monday, May 26
    Trading week will start slowly, as the United States is celebrating their Memorial Day and the UK – the late May Bank Holiday. Important news worth paying attention to will be released in Germany at 9 a.m. (terminal time) and include the GFK German Consumer Climate index that measures the level of consumer confidence in economic activity.

    Tuesday, May 27
    USA will catch up on Tuesday and release series of important news, including Core Durable Goods Orders and a Consumer Confidence Index. The latter is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism and should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Current forecast expects growth of the index from 82.3 to 83.0.

    Wednesday, May 28
    European session will be eventful on Wednesday. Germany, Switzerland and France will release news concerning spending and employment. France will announce Consumer Spending numbers at 9:45 a.m., and Switzerland will present information about the employment level at 10:15 a.m. (if the number is higher than the previous value of 4.189M, then it means a positive/bullish trend for CHF, and vice versa). German Unemployment Change and Unemployment Rate will be published at 10:55 a.m. A higher than expected reading of both indices should be taken as negative/bearish for the European currency.

    Thursday, May 29
    Switzerland celebrates Ascension Day on Thursday, so traders interested in CHF will have a little break (or get a chance to explore other currencies). Morning will start early with Japanese Retail Sales publication at 2:50 a.m. Australia will publish Private New Capital Expenditure (a leading indicator of economic health) at 4:30 a.m. European session will be slow (Spanish GDP is worth paying attention to), but North America will release news on Canadian Current Account, American GDP and Pending Home Sales. Market will be volatile for currency pairs that include US and Canadian dollars.

    Friday, May 30
    Last day of the week will be very busy. Trading sessions will start with news form New Zealand, Japan and Australia. Japan, for example, will publish Household Spending, CPIs and Industrial Production numbers at 2:30 a.m. European session will be slow again, but Canada will announce its GDP (monthly, quarterly and yearly) and RMPI – index that measures the change in price of raw materials purchased by manufacturers. CAD is one of the “raw” currencies and depends on the market movements a lot. A higher than expected reading of the index should be taken as positive/bullish trend for “loonie”. United States will close the week with publication of Personal Spending, Chicago PMI and Michigan Consumer data (Consumer Expectations and Consumer Sentiment). News will be released right before the end of the weekly session (4:45 and 4:55 p.m.), so be careful and watch your deals on the volatile market. This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

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