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Weekly market review

WEEKLY MARKET REVIEW − February 20-24, 2017

FOMC Meeting Minutes will be main event this week

 

Forex

USD/JPY, Daily

USDJPY

The past week was full of economic statistics, chiefly with the UK, US and Chinese consumer inflation data published last week. Traders additionally paid attention to British and US labor market data.

US and China Inflation grew but in UK it fell. Nevertheless, the US labor market has traditionally proved its strength. Meanwhile, the British data, especially on the average wage, disappointed market participants. At the same time, the main event last week was US Federal Reserve Chair Janet Yellen’s report. Against this background, all the major currencies except Japanese yen fell against US dollar.

This week the main events are the FOMC and Bank of Australia Meetings Minutes’ publications.

 

Stocks

USA

NASDAQ, Daily

Nasdaq

The US stock market set new records once again. All three major US stock indexes reached new historical highs thanks to positive data on quarterly reports.

Meanwhile, the rally in the US stock markets began after Donald Trump become US president. Last Thursday, he reiterated the promise to reduce the corporate income tax from 35% to 15%.

This week traders will look after Fed representatives’ statements.

 

Europe

FTSE, Daily

FTSE

Major stock indexes in Europe showed an upward trend thanks to European companies’ reports. Also, the relatively low rate of the European currency automatically increases the value of the securities.

This week traders will wait for performances of European officials.

 

Commodities

Brent Oil Futures, Daily

BrentOil

Last week “black gold” closed with fall due to strong US dollar. The resumption of oil production in the US could trigger excess of supply over demand in the world market. Oil reserves increased last week according to API. Meanwhile, a further drop hinders the execution of the transaction conditions to reduce production volumes.

This week traders again will wait for reports on oil stocks.

WEEKLY MARKET REVIEW − February 13-17, 2017

The week is full of full of important events

 

Forex

EUR/USD, Daily

EURUSD

Last week almost all the major currencies fell against the US dollar. The only exception was British pound, which grew by 0.06%. The Euro really came under pressure thanks to the political crisis throughout the Eurozone.

This week traders should pay attention both the German and Eurozone GDP, scheduled for Tuesday. Additionally, the UK Consumer Inflation index will be published as well. Furthermore, the UK and Australian labor market reports will come out on Wednesday and Thursday respectively. However, this week’s most important event is the US Fed report.

 

Stocks

USA

Dow, Daily

Dow

The US market rally continues due to earnings season and Trump’s tax reforms. Because of these two factors the major US stock indexes updated their previous historical highs. Additionally, increasing oil prices supports the energy sector. On the other hand, investors expect that the Fed will not rush to increase the rates.

Quarterly reporting season is almost finished so the stock market this week will be heavily influenced by general economic news.

 

Europe

DAX, Daily

DAX

Last week’s dynamics were positive except the Monday session on February 6 thanks to negative statements by ECB president Mario Draghi. He said that there is a need to continue the QE program. At the same time he noted that can be reduced if necessary. Additionally, support for stock markets had positive economic statistics.

This week traders should pay attention to German and Eurozone GDP data. UK labor market data will influence the index.

 

Commodities

Brent Oil Futures, Daily

BrentOil

Oil trended downwards during the first half of the week but the situation changed. This week investors will carefully look after reports of OPE and International Energy Agency of the global oil market

WEEKLY MARKET REVIEW − January 30 – February 3, 2017

The NFP report is this week’s main event

 

Forex

USD/JPY, Daily

USDJPY

The US dollar traded with mixed results last week. US President Donald Trump impacted the pair. However, it was the US manufacturing sector that moved the markets the most last week. Meanwhile, Q4 GDP disappointed investors, which was below the average forecast.

This week will feature three interest rate decisions. First off, the Bank of Japan will meet on Tuesday, followed by the US Federal Reserve on Wednesday and the Bank of England on Thursday.

However, the NFP report, scheduled for Friday at 13:30 GMT will be this week’s main event.

 

Stocks

USA

S&P500, Daily

SP500

US stock exchanges continued to rally last week. At the end of the week, all three major stock indexes added about 1.5%, with the NASDAQ gaining the most.

This week the US Fed meeting will influence the markets.

 

Europe

DAX, Daily

DAX

European stock markets also showed growth last week.

Support the stock market had a European statistical data. Thus, the business activity in the manufacturing and services sector recorded growth. UK labor market and the GDP showed growth.

This week Eurozone GDP and Bank of England interest rates decision will be main event.

 

Commodities

Brent Oil Futures, Daily

BrentOil

Last week oil traded upwards. However, once Friday came around oil prices regressed thanks to high than expected US production volumes. With high prices for “black gold” US shale miners once again returning to the market, as their work becomes profitable.

This week traders will pay a lot of attention to supply and demand of oil.

 

WEEKLY MARKET REVIEW − January 23-27 2016

US and UK Q4 2016 GDP will be the main events this week

 

Forex

GBP/USD, Daily

GBPUSD

The USD last week continued its correction against its major competitors. Last week’s main event was the International Economic Forum in Davos, Switzerland, as well as Donald Trump’s inauguration. These two events had the most impact on financial markets.

It is worth noting that at the moment political factors have had a notable impact on the economy. Additionally, traders paid a lot of attention to British Prime Minister Theresa May’s speech concerning the Brexit.

Last week’s uncertainty prompted investors to abandon US assets and buy traditional defensive assets such as gold and the yen. This week investors should pay a lot of attention to UK and US GDP data.

 

Stocks

USA

Dow, Daily

Dow

Major US stock indexes closed last week in red. The Dow dropped by 0.29%, the S&P fell by 0.24%, while the NASDAQ recorded a fall of 0.34%. Trump’s phrase about the “to expensive dollar” impacted stock markets.

However, US Fed Chair Janet Yellen’s speech provided some support for the markets and US dollar. It should be noted that earnings report is still occurring in US.

Europe

FTSE, Daily

FTSE

European stocks additionally fell, with the FTSE 100 recording the largest decline thanks to fear of a “hard” Brexit. The ECB’s decision to leave the interest rates unchanged additionally impacted the markets. Furthermore decline in oil prices put additional pressure.

This week economic policy statements from Donald Trump have the potential to heavily impact the markets.

 

Commodities

Brent Oil Futures, Daily

BrentOil

Oil fell last week as there was plenty of speculation that major oil producing countries will not adhere to a production limit. Additionally, countries such as Iraq, Libya and Nigeria agreed to the deal, but increased their production volumes anyway. At the same time, the US shale oil producers regularly increasing production, aided by relatively high oil prices. This week the US dollar will drive oil market.

 

WEEKLY MARKET REVIEW − January 16-20 2016

ECB and Bank of Canada interest rate decisions will impact the markets the most this week.

 

Forex

EUR/USD, Daily

EURUSD jan 16

Last week’s main event was of course Donald Trump’s press conference. Traders expected to hear some insight pertaining to Trump’s economic policy see. However, that did not occur, causing the US dollar to drop temporarily. However the currency was in-line for a long-overdue correction.

Additionally, the Fed talked last week about potentially raising rates at least twice this year. That provide some support for the dollar. This week interest rate decisions by the ECB and the Bank of Canada will move the currency market.

 

Stocks

USA

S&P500, Daily

SP500 jan 16

US stock indexes rallies stopped last week. It should be noted that investors prefer not to open large positions during the quarterly reporting season, which started last week. At the same time, positive US economic statistics provided some key support for stocks.

This week, traders are waiting for Donald Trump’s inauguration.

Europe

DAX, Daily

DAX jan 16

Major stock exchanges in Europe followed the dynamics of the US markets. Oil was the main market-mover. Additionally, ECB Meeting Minutes further impacted markets.

This week traders are waiting for British Prime Minister Theresa May press-conference scheduled for January 17. Additionally, the ECB meeting will impact stock markets.

 

Commodities

Brent Oil Futures, Daily

BrentOil jan 16

Oil showed downward dynamics at the week’s start as traders were worried about OPEC agreement. Additionally, Iran and Iraq have increased the supply of oil to the world markets.

Meanwhile, the news that Saudi Arabia is going to reduce supply helped oil. Additionally, in Russia due to abnormally cold weather, oil production was reduced by more than what was originally agreed to.

This week will two publications will impact US oil stocks. Additionally, traders should pay attention as there will be a steady production reduction of oil volumes.

WEEKLY MARKET REVIEW − December 19-23 2016

Bank of Japan’s interest rate decision will be this week’s main event

 

Forex

GBP/JPY, Daily

GBPJPY dec 19

Last week the Fed decided to raise the rates by 25 basis points, with Janet Yellen mentioning that the potential exists for three rate raises over the coming year. Additionally, GDP growth improved and the unemployment should drop during the next three years. The Bank of England’s interest rate decision, which left rates unchanged additionally garnered a lot of attention.

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WEEKLY MARKET REVIEW − December 12-16 2016

The Upcoming FOMC Meeting will be this week’s most impactful event.

 

Forex

GBP/USD, Daily

GBPUSD dec 12

Almost all of the major currencies dropped against the US dollar, with the exception being the Canadian dollar as it reacted to the oil market.

Last week’s main event was the Italian constitutional referendum, which caused the EUR to fall. Additionally, the ECB’s decision to keep the interest rates unchanged additionally impacted the currency markets.

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WEEKLY MARKET REVIEW − November 21-25 2016

FOMC Meeting Minutes will be this week’s main event

 

Forex

USD/JPY, Daily

USDJPY nov 21

Towards the end of Friday almost all the major currencies dropped against the US dollar, with the exception being the Canadian dollar, which traditionally reacts to the oil market. All of the markets recovered from the US election results.

This week the main event is the FOMC Meeting Minutes publication, scheduled for Wednesday 19:00 GMT. Additionally, the Eurozone Services PMI will be published on the very same day.

 

Stocks

USA

Dow, Daily

Dow nov 21

Major US stock indices grew at a historical rate last week. US retail sales and labor market data provided support for stock markets. Janet Yellen’s statement also impacted the markets.

This week economic and political factors will heavily influence the markets.

Europe

FTSE, Daily

FTSE nov 21

Most European stock indices spent last week in a narrow range after European statistics were published. Despite growth from both the German and UK CPI’s, they fell short of the projected forecasts. The FTSE did receive a proverbial shot in the arm, with the UK unemployment rate following to its lowest level in 11 years.

However, European indexes halted their growth, with political uncertainty in France and the Netherlands. This week various European economic statistics will drive the indexes.

 

Commodities

GOLD, Daily

Gold nov 21

Last week gold fell by 1.6% as the US dollar grew. Janet Yellen’s statement and other positive economic statistics provided strong support for US dollar.

Analysts have said that the forecast for gold is bearish as it seems as if the Fed is going to raise rates.

WEEKLY MARKET REVIEW – October 31 – November 4 2016

The NFP will be this week’s most impactful event

 

Forex

EUR/USD, Daily

EURUSD october 31

Traders should pay a lot of attention to upcoming US economic data before the Fed’s upcoming meeting that is scheduled for later on this week. Other central banks will including Australia’s, the UK’s and Japan’s will conduct their meetings this week as well.

Meanwhile, this Friday the all-important NFP report will be released.

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Weekly Market Review – September 26-30 2016  

Central banks will be the main market movers this week

Forex

GBP/USD Daily

GBPUSD september 26

Last week three countries had interest rate decisions to make. However, when it was all said and done Japan, the US and New Zealand all left them unchanged.

This week a few central bank heads will have press conferences and the US and the UK will report their GDP data on Thursday and Friday respectively.

Additionally, investors should tune into the German inflation report on Thursday followed by the Eurozone on Friday. Continue reading