Daily Market Review

Daily Market Review April 21

Signs of a weak U.S. economy seen in the first quarter 2016 were curbed when existing home sales rose considerably. Confidence in the U.S. economy came back during spring selling season, which is deemed as a result of sustained labor market, gains in stock market and low mortgage rates. So, the bottom line is there […]

Daily Market Review April 20

Important data surging by the side of the U.S points towards a less likely interest rate hike by the Fed in the near future. Indeed, U.S Housing data fell farther than expected for the previous month while the Building Permits data hit a one-year low, thus indicating a slack GDP growth, notably 0.2% lower, for […]

Daily Market Review April 19

Earnings reports continue to jolt the global economic market as IBM lined up to release its quarterly earnings yesterday. International Business Machines Corp, the world’s largest technology services, reported a huge decline in its earnings which was the largest deficit recorded in 14 years. This further translated into a fall in company shares by 4.6 […]

Daily Market Review April 15

It’s a challenging market environment out there and it is difficult to keep the momentum going on. Eurozone’s CPI data came in flat at 0.0 percent, which also dragged the pair EURUSD down, but on an hourly basis, the pair was seen trying to gap higher. The EURUSD pair traded slightly higher near the end […]

Daily Market Review April 14

Right before the market opened yesterday, JP Morgan kicked started the earnings season with amazing strong reports. This report is certainly awaited to generate diversified trades as JP Morgan beat expectations by fetching $1.35 as earnings per share and a total revenue of $24.1 billion. Major U.S. banks such as the Bank of America and […]