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Weekly market review

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.

Weekly Market Review – July 18 − 22 2016

ECB Interest Rate announcement will be this week’s major event

 

Forex

EUR/JPY, Daily

EURJPY july 18

The previous week was chock-full with important events, with the Bank of England’s interest rate meeting taking the crown. Ultimately, the bank decided to keep the rates unchanged, but BOE Governor Mark Carney indicated that monetary easing measures may be enacted at the next meeting.

This week’s ECB meeting scheduled for Thursday 11:45 GMT followed by Mario Draghi’s press conference at 12:20 GMT will impact the pair the most.

 

Stock Market

USA

Dow, Daily

Dow july 18

Last week, major US stock indices reached new multi-year highs, thanks to Japan PM Shinzo Abe’s victory and Theresa May becoming the new UK prime minister.  However, earnings season is what is moving the markets thus far, with numerous quarterly reports surpassing expectations. Furthermore, better than expected Chinese economic data further helped the markets.

This week, quarterly reports will again impact the markets the most.

Europe

FTSE, Daily

FTSE july 18

The FTSE and other European indexes were highly impacted by events Japanese parliamentary elections and the Prime Minister change in the UK. Additionally, the attempted coup in Turkey provided further impact.

This week investors will be awaiting the ECB meeting scheduled for July 21, 11:45 GMT.

 

Commodities

GOLD, Daily

Gold july 18

Gold prices softened thanks to profit-taking as tensions regarding global financial issues eased somewhat. Political situations across the globe calmed down, with Japan and the UK leading the way. Additionally, the better than expected US economic news caused the USD to strengthen, putting further pressure on the precious metal.

 

Weekly Market Review – July 11 − 15 2016

Weekly Market Review – July 11 − 15 2016

Bank of England’s interest rate decision will be this week’s most important event.

Forex

GBP/USD, Daily

GBPUSD july 11

Last week the FOMC Meeting Minutes and the NFP report proved to be the most important events. The Meeting Minutes indicated that future rate hikes will be on hold for some time. The NFP on the other hand proved to be better than expected with the 287K jobs being added. This week is filled with important events with the two most impactful ones being the Bank of Canada’s and the Bank of England’s rate decision, scheduled for Wednesday and Thursday respectively.

 

Stock Market

USA

S&P500, Daily

SP500 july 11

US stock markets fell for the most part last week, with weak oil prices being the primary cause. However, the market rebounded on Friday somewhat thanks to a much better than anticipated NFP report. This week is the start of earnings season, which will of probably impact the markets for the next five weeks.

Europe

DAX, Daily

DAX july 11

On Tuesday the UK real estate funds halted payments to investors, severely hurting stock markets throughout Europe including the DAX. However, positive trends in the commodity markets helped rectify the situation somewhat. Additionally, with Mark Carney, the Bank of England’s Governor assuring investors that additional stimulus measures will be taken, index markets further improved. The Bank of England’s interest rate meeting, scheduled for Thursday 11:00 GMT will move the indices markets the most this week.

 

Commodities

Crude Oil, Daily

CrudeOil july 11

The oil market ended the week with its largest decline since January 2016 due to the Brexit. An increase in the number of drilling rigs didn’t help matters either. It seems that a strong US shale oil recovery may cause prices to fall even further.