About: anakin

Daily Market Analysis Market Focus   Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the poor Wall Street indexes performance is still the accumulating new COVID-19 cases; currently, the USContinue Reading

Market Focus US Initial Jobless Claims printed 1.48 million in the week ended June 20. This figure came below forecast of 1.3 million, nonetheless recorded a 13th consecutive weekly declines since April. GDP stayed put at -5% for the first quarter, the lowest reading since June 2009. May’s Core Durable Goods Orders rebounded to 4%Continue Reading

Daily Market Analysis Market Focus Risk-off sentiment across the globe navigates the foreign exchange market’s fluctuation on Wednesday. With the rising coronavirus cases in the U.S., concerns over the recovery of the global economy has driven Dow Jones, Nasdaq, and S&P 500 down on Wednesday, approaching key support indicators. At the same time, UK healthContinue Reading

Market Focus A little drama took place this morning where White House adviser said the trade deal between China and US was over. US index plunged in a brief moment, but immediately rebounded after President Donald Trump tweeted and clarified “the China Trade Deal is fully intact. Hopefully they will continue to live up toContinue Reading

Daily Market Analysis Market Focus After the US data in existing home sales was released, which failed to achieve market expectation, the US dollar’s weakness has navigated the global currency markets’ fluctuation on Monday. Additionally, the US equities markets reject coronavirus fears to focus on the positives with the bulls remaining in charge, as aContinue Reading