Daily Market Review

Daily Market Review July 08

If the Nonfarm payrolls data tops the forecast today, the U.S. dollar may rise, as per analysis. A bullish NFP data will certainly offer some help to the greenback, while if so does happen, other major currencies will be worth a watch. An array of trading opportunities will be available today while ahead of the […]

Daily Market Review July 07

Asian crude demand has slowed as measures to stabilize crude prices failed to bring comfort to prices. Crude prices were seen rising due to the rally before and after the rally caused by the ‘Brexit’, however things went a little haywire later on. Growth started to slip again as exports continue to disappoint and this […]

Daily Market Review July 06

Markets today get ready for yet another speech from the President of the European Central Bank, Draghi at 07:00 GMT, while the FOMC meeting minutes will also grab much attention at 18:00 GMT today. Draghi is expected to raise his concerns about the aftermath of ‘Brexit’ while at the same time he may also announce […]

Daily Market Review July 05

UK construction PMI data falling to a reading of 46.0 from a previous reading of 51.2 ended in triggering a bearish GBP. ‘Brexit’ fears still looming around is causing investors to shy away from UK markets and refraining to trust UK Bank stocks. A fall in construction PMI data below the 50 level was not […]

Daily Market Review July 01

Defending itself, the Pound Sterling managed to stay above the 1.320 support level against the USD for so many days. The Bank of England policymakers think that the UK economy will survive despite all the worries that surround the market after ‘Brexit’. This resulted into a contradictory movement for the GBP, which maintained a low […]