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We believe that the best trader is an educated one. We analyse price movements to give traders the best in-depth knowledge about the global market.

Saturday, December 12, 2020

Relaxed Fed helps push US stocks to new records, as China cuts rates

European markets enjoyed another positive session yesterday, while US markets hit new records as investors shrugged off concerns about the coronavirus, even as the death toll continues to rise, and cases start to spread across Asia.

Traders remain cautious about health crisis

The US non-farm payrolls report on Friday was impressive but it couldn’t dissuade equity traders from their desire to lock-in profits from the impressive gains that were notched up earlier in the week.

USMCA and China trade push US markets to new records, while China data improves

Having seen the US, China phase one trade deal signed off, US markets enjoyed another day of record highs after retail sales for December posted solid numbers, while weekly jobless claims dropped back to 204k, with the S&P500 busting through the 3,300 level at the third time of asking.

Caution prevails as US and China seal the deal

After months of wrangling the US and China finally signed their phase one trade deal yesterday. The terms, which have brought a pause to standoff that has lasted nearly two years, contained a pledge by China to purchase $200bn of US goods and services over the next two years, as well as tighter rules on intellectual property.

Yuan retraced as US stays firm on tariffs

Yuan’s weakness may send a bearish signal to Asian trading this morning.

Investors to focus on China trade deal, after decent start to 2020

A rather lacklustre US payrolls report for December wasn’t enough to prevent new record highs for US markets on Friday, however the slightly slower pace of job gains, and softer than expected wages growth, it perhaps shouldn’t have been a surprise to see some profit taking kick in ahead of the weekend, in a week which was characterised by strong gains, despite the tensions with Iran..

US employment report in focus, though US, Iran tensions still remain a worry

They say a week is a long time in politics, and this week it’s also been true for financial markets, given some of the hyperbolic talk of World War Three that was doing the rounds early on Monday morning.

Europe set for a positive start, as Iran tensions cool

Financial markets have continued to ebb and flow on the currents and eddies of events in the Middle East over the past 48 hours.

Gold price at 7-year high on Iran tension

US equity futures tumbled on Wednesday morning in response to Iran’s retaliation against US in rocket attacks on two Iraq bases. The S&P 500 index future lost almost 1.5%, breaking down a key support level at 3,200 points.

Europe set to open higher after US market turnaround

Even before US markets engineered their turnaround yesterday to finish the day higher, there had been signs that the sharp declines that had spilled over from Friday last week may well have started to run their course, with European markets closing well off their lows of the day, despite still finishing the day lower.

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