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Weekly market review

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

Weekly Market Review – September 12-16 2016

US economic statistics will impact the market the most this week

 

Forex

EUR/USD, Daily

EURUSD September 12

Last week’s main event was the ECB meeting, with the rates remaining unchanged.

Meanwhile, traders are awaiting a similar decision by the Bank of England, with the upcoming meeting scheduled for Thursday 11:00 GMT.

 

Stock Market

USA

NASDAQ, Daily

NASDAQ September 12

The index finished the week in downtrend due to technical factors. Additionally, negative statistics on the US economy put further pressure on the index. Moreover, declines in Apple had a negative impact on all the three key indexes.

 

Europe

DAX, Daily

DAX September 12

The ECB on its policy meeting, kept its interest rates unchanged, with no new changes coming to its $1.9 trillion stimulus package. ECB President, Mario Draghi did show his concern over low inflation, but did mention that policymakers did not come up with any new stimulus measures.

This week traders will wait for Bank of England meeting.

 

Commodities

GOLD, Daily

Gold September 12

Last week, gold rose slightly, with the most significant increase coming on Tuesday after the US Services PMI.

As of Friday, traders were pricing in a 30% chance the Fed will raise rates this month, up from 24 percent a month ago. This comes after Boston Fed President, Eric Rosengren moved more firmly into the hawkish camp. Dallas Fed President, Robert Kaplan additionally mentioned on Friday that improved US economic data over the last few months strengthened the case for a rate raise. However, he mentioned the Fed can afford to be “patient and deliberate.”

Weekly Market Review – August 29 – September 2 2016

NFP will be this week’s most influential market-moving event

 

Forex

EUR/USD, Daily

EURUSD august 29

The whole of last week traders were eagerly awaiting for the Jackson Hole Summit and for Janet Yellen’s speech in particular. She mentioned that the US economy is recovering strongly and there could be a rate hike sooner rather than later..

This week there will be a number of important reports emanating from Germany and the Eurozone CPI, along with manufacturing PMI in China.

At the same time, this week’s main event is the NFP report.

 

Stock Market

USA

S&P500, Daily

SP500 august 29

Major US stocks spent last week caught in a downward trend. Investors didn’t want to risk much before the Jackson Hole meeting. Faced with disappointing growth after years of ultra-low interest rates, Federal Reserve Chair Janet Yellen and her peers re-affirmed their belief in power of monetary policy to stop economies from slipping into deflation.

This week will feature a number of important economic statistics from China and data on US labor market including Friday’s highly anticipated NFP report.

Europe

FTSE, Daily

FTSE august 29

Traders were disappointed with a number of central banks in the region. Oil trended negatively, providing additional pressure on the European stock markets.

This week a slew of important data will be coming out of the Eurozone, including that on inflation and data on the German labor market.

 

Commodities

GOLD, Daily

Gold august 29

Gold fell somewhat last week as Kansas City Federal Reserve President, Esther George said that interest rates should go higher, but gradually.

Meanwhile, the information that was received caused a sell-off of the precious metal. This week trading will be influenced by the upcoming NFP report, scheduled for Friday, 12:30 GMT.

Weekly Market Review – August 22 − 29 2016

Jackson Hole Symposium will be this week’s primary market-mover

 

Forex

USD/JPY, Daily

USDJPY august 22

The US currency grew last week including against the yen, with the FOMC Meeting Minutes providing the greatest impact.

This week traders should pay attention consumer inflation in Japan will impact the pair’s dynamics this week. Special attention should be paid to the annual Jackson Hole Symposium, which could have long-term impacts on the USD.

 

Stock Market

USA

Dow, Daily

Dow august 22

Last week, major US stock indexes reached multi-year highs on expectations of further stimulus measures by central banks. Positive quarterly reports of US companies provided support for market.

Next week, the focus will be on the US economic statistics.

 

Europe

IBEX, Daily

IBEX august 22

Major European stock indexes stopped its two-week growth last week as profit-taking and post-Brexit worries took their toll. This week, traders should pay attention to this week’s annual Jackson Hole Symposium, which may impact the European indexes.

 

Commodities

Crude Oil, Daily

CrudeOil august 22

Oil traded upwards for most of last week thanks to oil stock reports. Last week, the biggest OPEC producer, Saudi Arabia, said it was on board with the possibility of slashing its production if prices remain low due to oversupply.

But analysts said they see little chance of an agreement among OPEC members to freeze production. Indeed, earlier this year, OPEC and non-OPEC producers failed to reach an agreement on freezing output levels.

Weekly Market Review – August 8 − 12 2016 

Earnings reports will continue to impact the US index markets

 

Forex

GBP/USD, Daily

GBPUSD august 8

Two central banks slashed their key interest rates last week − Australia and the UK. At the same time the British regulator decided to buy £60BN of UK government bonds and £10bn of corporate bonds. Both of these actions by the UK caused the GBP to fall. The pair additionally plummeted after Friday’s solid US jobs report, with new jobs totaling 255K along with a 0.3% rise in average hourly earnings.

This week’s main Forex event will be coming from New Zealand as its reserve bank will decide on its future interest rates. Most analysts believe the bank will cut the rates to 2.00% from 2.25%.

 

Stock Market

USA

S&P500, Daily

SP500 august 8

US stock markets were under pressure during first half of week as oil prices fell to monthly lows. However, a stronger than anticipated US jobs report on Friday reversed the situation strong US labor market data changed the situation. Earnings reports will continue to affect the US indexes this week.

 

Europe

IBEX, Daily

IBEX august 8

Major European stock markets followed the negative dynamics of the oil market. However, on Thursday the UK caused the stocks to jump back up as its national bank slashed the nation’s interest rates. The bank announced additional measures to stimulate the UK economy, including a £100bn scheme to force banks to pass on the low interest rate to households and businesses. Additionally, it will commence corporate and government bond buyback programs.

 

Commodities

Crude Oil, Daily

CrudeOil august 8

Last week oil prices fell as there was an uptick in the volume of deliveries from the Middle East, causing prices to dip below $40 a barrel. However, after US inventory reports quotations rose slightly. Additionally strong NFP data provided further support for oil market.

Weekly Market Review – July 25 − 29 2016

US Fed meeting will be this week’s primary market-mover

 

Forex

EURUSD, Daily

EURUSD july 25

Better than anticipated US economic statistics caused the currency pair to fall for most of last week. Thus, both the US housing and labor markets showed positive growth. Additionally, the ECB meeting caused the pair to fall. Although the bank decided to keep the status quo, ECB President, Mario Draghi hinted that things may change come September.

This week the pair will be effected by the FOMC Meeting, scheduled for July 26-27.

 

Stock Market

USA

S&P500, Daily

SP500 july 25

A number of influential US companies will publish their quarterly reports this week. So far, this earning’s season positively impacted major stock indexes, with mixed oil market dynamics providing support for energy stocks.

Europe

DAX, Daily

DAX july 25

Major European stock indexes trend upwards thanks to the ECB’s interest rate meeting. Although no changes were enacted, President Mario Draghi indicated that changes may be implemented come September. It should be noted that traders ought to continuously monitor the situation in the UK as it can impact the markets.

 

Commodities

Crude Oil, Daily

CrudeOil july 25

Oil showed a moderate drop at the end of the previous week thanks to US inventory data.  Oil stocks fell less than what was predicted causing the IEA to lower its oil demand forecast. Additionally, the number of rigs rose by 14 units last week, causing prices to fall further.