Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 59 of 59 FirstFirst ... 949575859
Results 581 to 583 of 583
  1. #581
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    845
    Post Thanks / Like
    Credits
    12,267
    My Language
    English
    Date : 19th January 2021.


    Market Update – January 19 – USD & Yen Slide.





    EURUSD, H1


    The Dollar and Yen have come under pressure today after rallying yesterday. A bullish sentiment in global stock markets has boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific Index rose over 1.5% and clocked a new record high, buoyed in the wake of strong GDP and production data out of China yesterday. Europe’s Stoxx 600 fared less well, and was showing a modest 0.2% gain as of the late London morning session. US Index futures were up by over 0.5%. Commodities, in contrast, were lacklustre. Oil prices lifted moderately, rising above Monday’s highs, but remained off the 11-month highs that were pegged last week. Base metal prices were mixed.





    The USDIndex dropped below yesterday’s low to a nadir at S3 and 90.36. The index had yesterday printed a one-month high at 90.95. The dollar’s recent correlation with US Treasury yields broke, with the currency declining despite a concurrent 2 bp lift in the 10-year T-note yield to levels back above 1.10%. After rising on every trading day, except one, since January 6th, the Dollar had perhaps been looking ripe for a correction. Of interest, the latest Economist Big Mac index, which is a measure of 56 currency valuations according to the theory of purchasing power parity, shows the Dollar to be the fourth most overvalued currency, behind the Swiss franc, the Swedish krona, and the Norwegian krone. By this measure, the Euro is 9% undervalued relative to the Dollar, and the Pound 22% undervalued. This gives some insight into why the market has been so bearish of the Dollar in the beyond-Covid global reflation trade, which has the dominant macro investment thesis over the last couple of months.


    Ahead today, Ex Fed chair Janet Yellen will testify before Congress for her nomination as Treasury Secretary, where she will reportedly call for the US to “act big” on stimulus. Regarding the Dollar, she is expected to argue for market-determined exchange rates. Given the Fed’s inflation tolerant, lower-for-longer rubric on interest rate policy, alongside prospects for sharp rises in the budget and trade deficits, US economic policy under the incoming Biden administration is sure to be accepting of, if not wanting, a weaker Dollar.





    EURUSD – breached 1.2100 and trades north of R3 at 1.2144, Cable holds over 1.3600 having tested 1.3625 earlier, and USDJPY continues to rotate through 104.00.


    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.


    Please note that times displayed based on local time zone and are from time of writing this report.


    Click HERE to access the full HotForex Economic calendar.


    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!


    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  2. #582
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    845
    Post Thanks / Like
    Credits
    12,267
    My Language
    English
    Date : 20th January 2021.


    Morgan Stanley – Still the best Equity Trader?





    [Morgan Stanley is set to report its fourth-quarter 2020 earnings before the market open today. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. Hence similar to the previous three quarters of 2020, the coronavirus pandemic, along with the US presidential election and vaccination breakthroughs clearly impacted the Morgan Stanley report and weighed on markets sentiment especially as in the 4th quarter the second wave of pandemic looks to be even stronger than before. The virus spread created chaos in financial markets that impacted the value of loans, investments and trading assets, and significantly reduced interest income and investment banking fees.


    However, fiscal stimulus programs and ongoing monetary support are expected to have helped client activity bounce back in H2 of 2020, leading to heightened volatility. Therefore, today we could see something similar to the JPMorgan report. Morgan Stanley’s equity and fixed income markets revenues are expected to have improved. Additional reasons that could support a positive reading today are the near-zero interest rates and the Federal Reserve’s bond purchase program, as these is likely to have aided Morgan Stanley’s debt underwriting fees, which account for more than 50% of their total underwriting fees. Also, global M&As spiked in the 2nd half of 2020 due to restructuring. Hence Morgan Stanley could benefit from advisory fees incomes.


    Nevertheless, according to Forbes and Zacks, Morgan Stanley is expected to earn $1.29/share on $11.08 billion in revenue. This would represent year-over-year growth of 7.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.28 billion, up 3.88% from the year-ago period.





    Technical Analysis


    It has been an interesting year for US company shares. Morgan Stanley hit a yearly high of $91.31/share in 2020 while currently trading within the $75-77 territory. The share price is on course for the best performing quarter in Morgan Stanley’s history, since it is a breath away from the 161.8 Fibonacci extension from November’s rally. From the technical perspective, the stock’s outlook is currently bullish however some consolidation has been noticed since December 2020 on the overbought performance seen in the 2nd half of 2020. The price is positioned well above the 200 Day Moving Averages and 50 Day Moving Averages.


    The stock is prone to big moves after reporting earnings and could easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock could easily gap down.


    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.


    Please note that times displayed based on local time zone and are from time of writing this report.


    Click HERE to access the full HotForex Economic calendar.


    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!


    Click HERE to READ more Market news.

    Andria Pichidi
    Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

  3. #583
    Senior Trader
    Join Date
    Jun 2014
    Location
    Not Specified
    Posts
    845
    Post Thanks / Like
    Credits
    12,267
    My Language
    English
    Date : 21st January 2021.


    USD Data – Claims Remain Elevated, Housing & Philly Fed beat.





    EURUSD, H1


    US initial jobless claims fell -26,000 to 900,000 in the week ended January 16. This follows the prior week’s sharply downwardly revised 142,000 surge to 926,000 (was 965,000) which was the highest level since late August. But the 4-week moving average rose to 848,000 versus the prior 824,500 (was 834,250). Initial jobless claims (NSA) tumbled -151,300 to 960,700 in the January 16 week after rising 192,300 (was 231,300). Continuing claims dropped -127,000 to 5.054 million in the January 9 week after bouncing 109,000 to 5.81 million (was 5.271 million). The initial claims number will get a little extra scrutiny as it coincides with the BLS employment survey week.


    US housing starts climbed 5.8% to 1.669 mln in December, well above expectations, following the 3.1% jump to 1.578 mln (was 1.547 mln) in November. This is the fourth straight monthly increase and is the highest since late 2006. Building permits increased 4.5% to 1.709 mln last month after November’s 5.9% surge to 1.635 mln (was 1.639 mln). All of the strength in starts was in the single family arena, posting a 12.0% pop, while multifamily starts dropped -13.6% following respective increases of 1.4% (was 0.4%) and 9.1% (was 4.0%). And this is an 8th straight monthly gain (since May) for single family starts.


    The Philly Fed manufacturing index rebounded 17.4 points to 26.5 in January, much stronger than expected, after dropping -11.6 points to 9.1 (was 11.1) in December. The index has been in expansion since June and was at 13.7 a year ago. Gains were broadbased. The employment index surged to 22.5 from 5.6 (was 8.5). The workweek edged up to 18.6 from 15.5 (was 18.0). New orders jumped to 30.0 from 1.9 (was 2.3). Prices paid nearly doubled to 45.4 versus 24.9 (was 27.1) and prices received increased to 36.6 from 16.1 (was 18.0). The 6-month activity index rose to 52.8 from 43.1 (was 39.2). But the future employment gauge dipped to 38.9 from 41.3 (was 41.0), and new orders were unchanged at 47.5 (December was revised from 41.5). Prices paid slid to 41.3 from 45.1 (was 46.6), with prices received at 33.9 from 34.3 (was 35.5).





    The Dollar moved slightly higher after the mostly upbeat data, which saw initial jobless claims fall less than expected, but continuing claims down more than forecast. Housing starts beat expectations, while the Philly Fed index was stronger than consensus. USDJPY traded from near 103.45 to 103.55, while EURUSD initially dipped to near 1.2150 from 1.2165.





    Equities have opened higher, all three of the major US indices at all-time highs, the USA100 leads the way to trade at 13,310.


    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.


    Please note that times displayed based on local time zone and are from time of writing this report.


    Click HERE to access the full HotForex Economic calendar.


    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!


    Click HERE to READ more Market news.

    Stuart Cowell
    Head Market Analyst
    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    Last edited by HFblogNews; Yesterday at 08:05 PM.

  4. ARIONFORXtarder
 

 
Page 59 of 59 FirstFirst ... 949575859

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.5
Copyright © 2021 vBulletin Solutions Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 10:16 AM.
CompleteVB skins shared by PreSofts.Com