Daily Market Review

Daily Market Review August 23

A decline in energy shares led most U.S. stocks in a downtrend, resulting in a quiet trading session on Monday. After having edged quite higher last week, U.S. stocks were then boosted by unexpected positive earnings reports by most companies and yesterday the S&P 500 and Dow Jones were both dropping. The Dow Jones Industrial […]

Daily Market Review August 19

Gold prices slumped on the Asian trade earlier today as the debate for a hike in rates by the Federal Reserve grew. Commodity traders reacted to the FOMC minutes of meeting which signaled that the Fed could raise short-term interest rates before the end of this year. On the Comex division of the New York […]

Daily Market Review August 18

Recent economic indicators in Britain show that the job sector is faring well, as the number of people claiming jobseeker’s allowance fell. Unexpectedly, the UK employment sector depicts recovery which is not really being attributed to Britons, but to the influx of non-UK EU migrant workers. However, considered as a positive sign for the economy, […]

Daily Market Review August 17

Oil prices tumbled from its 5 week highs on Wednesday, as analysts remained pessimistic about a possible agreement among producers to balance oversupply. Besides, Brent crude was trading at $48.92, down by 37 cents from its last settlement. The Organization of the Petroleum Exporting Countries will renew talks on freezing oil supply while Saudi Arabia […]

Daily Market Review August 16

The UK average earnings index and CPI data releases are awaited today, while the German Zew economic sentiment is expected to boost the EURUSD pair. Currently, the EURUSD advances at a rate of 0.10 percent and has successfully attained the $1.120 level. This pair picked up significant strength as a result of the USD weakness […]