Daily Market Review

Daily Market Review October 20

Earnings reports are going to create some surprising results for many stocks concerned this week. IBM’s earnings report for the third quarter was catastrophic yesterday, as it fell the most since the year 2002. The revenue of IBM fell more than expected and the forecast for a much bigger profit was brought down. A strong […]

Daily Market Review October 16

The whole week, currencies rallied and displayed quite a confusing picture to investors and traders. The dollar has plunged to a two weeks low but was seen rising against the Yen yesterday following the release of consumer prices data. The pair USDJPY tried to gap above the 119.0 level after navigating in deep lows. However, […]

Daily Market Review October 15

The decline of the dollar is set to continue with a bearish retail sales data weighing on the U.S. economy. For the month of September, an extremely weak rise was seen for the retail sales and producer prices. The reading for both slumped the most in eight months and thus casted doubts on whether Fed […]

Daily Market Review October 14

Tables turned on the currency market when the GBP shed huge gains despite a weak dollar but the Euro held on to previous gains. The greenback headed to a three and a half week lows versus some key currencies on the market. Though the British CPI was awaited to boost the GBP, so did not […]

Daily Market Review October 13

Imports data were a little disappointing yesterday, followed by exports looking steady provoking a mixed sentiment in China. However, given that more stimulus could be injected in China’s economy, hopes were revived for an improvement. Asian shares were pulled down from a two-month highs earlier today which caused the Shanghai shares to retreat by 1 […]