US Fed announcement largely ignored
US drastically increases tariffs on Chinese imports
Asian markets subsequently report sharp losses
The decision by the US Federal Reserve to keep rates unchanged has been ignored by forex markets to a large extent so far.
What caused Asian markets to plunge sharply on Thursday...
USD/TRY reaches new highs
Best performer was CHF
USD also strengthens against EUR, NZD and AUD
The focus in forex markets on 14 August was mainly currency pairs such as USD/TRY, where the lira continued to be punished. In fact, the USD/TRY rate has broken above 7,000 for the...
Strong retail sales data could send USD even higher
GBP remains in downtrend
EUR could weaken further against JPY
On Tuesday, the US dollar once again took center stage as it continued its bull run and kept increasing the pressure on other global currencies.
Yesterday it seemed to be more...
Stock markets around the world suffer losses
Trump’s new tariffs on Chinese imports blamed
Possible US withdrawal from NATO also contributed
International stock markets suffered yesterday as the trade war between the United States and China became worse and reports surfaced that the US might withdraw from NATO.
On Tuesday,...
3M Co ends lower for third day in a row
Trump involved in new spat with Iranian President
Tesla shares fall 3.3% after claims that it asked suppliers for refunds
On the stock market front, the Dow Jones Industrial Average dropped by 13.83 points yesterday to end at 25,044.29.
One...
Buckingham Research Group believes that there’s more room for growth
Currently trading at 57 times expected earnings for 2020
CFRA disagrees with buy rating
Square Inc’s stock price has increased by another 5.5% since it issued its earnings report for Q2 2018 last week. The year-to-date increase now stands...
This week should bring more strong earnings results
Consumers most positive in 13 years
Goldman Sachs expects some stocks to rise by up to 44%
This week should bring more robust Q2 earnings results from various consumer firms. Retailers including Home Depot and Walmart will release their Q2 results...
Currently trading at around $350
Tesla remains the most shorted stock in US
Some analysts believe it could reach $500
When Tesla stocks kicked off last week at well below $300, few traders or investors would have believed that it would now be approaching $350. Since then, the company...
Share price surges 21% in one day
Market cap increases by $1.2bn
CFO Louden believes Roku has excellent long-term potential
Experienced traders have long known that a strong earnings report can send a firm’s stock price through the roof overnight.
In the case of Roku, it appears the market is...
Dow Jones higher, S&P 500 lower
Energy stocks close lower after oil price drops
Arconic share prices increase, J.B. Hunt closes lower
The most important stock markets in the US delivered mixed results yesterday. The Dow Jones Industrial Average closed slightly higher with a gain of 44.95 points or...
