Author Topic: What is moving the markets this week  (Read 3842 times)

eddieb

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Re: What is moving the markets this week
« Reply #45 on: December 12, 2019, 05:47:22 PM »
Im happily out of all trades right now. Can sit back and watch the market fluctuations without any risk.

Kaitsu

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Re: What is moving the markets this week
« Reply #46 on: December 12, 2019, 07:02:24 PM »
Same here. I had taken a long position yesterday in EU thinking it might be less risky on the down side than GU, but it actually turned out to be a good trade. I closed it out at 1.1150 and I'm glad I did.

I was going to post details at the time I took it on the EU thread here but I don't know really if there is anyone interested in other people's trades here. It's kinda quiet nowadays. Is it just the holiday season?

Kaitsu

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Re: What is moving the markets this week
« Reply #47 on: December 12, 2019, 08:33:21 PM »
Investing.com - The United States and China have reached a phase one trade deal in principle Thursday, Bloomberg reported.

The deal is awaiting a sign-off from President Donald Trump.

An announcement could come as early as this afternoon, Bloomberg said. Earlier, the Wall Street Journal reported that U.S. negotiators were preparing to offer to cancel the next round of import tariffs on Chinese goods and cut existing tariffs in return for guaranteed purchases of U.S. agricultural goods.

The S&P 500 spiked on the report, up 0.75%. Earlier in the day, the index had been up 1.1% before falling back to a 0.4% gain.

eddieb

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Re: What is moving the markets this week
« Reply #48 on: December 16, 2019, 04:00:14 PM »
UK election is done and dusted, sterling pairs seem to be getting their breath back ahead of likely pre-Brexit fluctuations in January.
China-US deal is still on/off/on, same with tariffs. If the latest bunch of tariffs are imposed its likely they could affect consumer products like mobile phones, so could hurt US economy as well as sentiment towards the President.

Kaitsu

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Re: What is moving the markets this week
« Reply #49 on: January 01, 2020, 09:50:21 AM »
This is a short week, only Thurs/Fri  2nd and 3rd Jan, and I think markets will be thin as speculative interests continue the holiday season into next week.

Apart from FOMC minutes on Friday I find little else of major significance on the calendar this week.

Australia continues to burn and Ford has a full order book for its all-electric Mustang Mach-E SUV. The GT version gives a very silent 0-100 km/h in under 5 secs. The world is moving on.

Caesar

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Re: What is moving the markets this week
« Reply #50 on: January 05, 2020, 05:14:21 PM »
China has stated that it will continue with its current economic policies, keeping monetary policy flexible and prudent.

UK PM Boris Johnson is set to meet EU President Ursula Von der Layen next week in the likely precursor to deeper talks about future relationships between the UK and EU post-Brexit.

And, of course,  there will no doubt be more fall-out from the US/Iran warmongering stance which both parties seem to have taken


Kaitsu

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Re: What is moving the markets this week
« Reply #51 on: January 05, 2020, 05:45:46 PM »
And Fri 10th sees this year's first NFP release (Dec data).

Caesar

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Re: What is moving the markets this week
« Reply #52 on: January 17, 2020, 07:52:07 AM »
China have announced that last years economic growth was "only" 6.1%, almost 3 times that if the US.

https://www.bbc.co.uk/news/business-51144892

Caesar

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Re: What is moving the markets this week
« Reply #53 on: January 26, 2020, 09:10:13 PM »
A lot happening this week that traders need to be aware of, particularly if you follow the dollar.

December US durable goods orders, January US consumer confidence, December US advance goods trade balance, the January Fed meeting, Q419 US GDP, and December US PCE core reports are all due out in the coming days.

With US Treasury yields drifting lower in recent weeks, it should be no surprise that Federal Reserve interest rate expectations have become less indicative of policy inaction for an extending period of time.

Despite the fact that the US-China trade war phase 1 deal was signed, new concerns about global trade thanks to geopolitical tensions and the coronavirus outbreak have investors looking for safe havens.


eddieb

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Re: What is moving the markets this week
« Reply #54 on: March 06, 2020, 08:50:24 AM »
Good morning all.

I have been watching oil prices lately,  a very slippery slope indeed with no sign of an upturn while coronovirus is impacting global travel and exports.
Asian markets have had a decent day yesterday,  but on the back of a dreadful week or two, and are now sliding again.
Qantas shares dropped 7% after reports that global air travel was expected to fall by $113billion.

Nikkei today has fallen 2.7%, Hang Seng -2.3%, and Dow -3.6%. FTSE is already down over 2% this morning,  Dax-1.6%, and Cac -1.5%, so not a great start to today.



Kaitsu

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Re: What is moving the markets this week
« Reply #55 on: March 06, 2020, 10:25:58 AM »
Strange, or even rather eerie, that today is the day for what is usually the most watched US indicator, i.e. NFP, but it seems to have disappeared off the radar for this month!

A) because the Fed has just acted and B) the economic situation has changed so much and so quickly that last month's employment data means nothing compared with the present or in the months to come.

What a world!  ???

Kaitsu

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Re: What is moving the markets this week
« Reply #56 on: March 09, 2020, 10:20:39 AM »
Hello World and welcome to another Monday morning. Is anything particular happening? Just a few things!!!:

LONDON (Reuters) - A massive oil price collapse overnight and the fast-spreading coronavirus has led to wild price swings across global financial markets on Monday, with some moves as great as 25%.

Those moves came as Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for safety.

When was the last time oil giants such as BP (L:BP) and Shell (L:RDSa) shed one-fourth of their value? Never.

The list below highlights some of the biggest price moves and their significance:

** Brent crude (LCOc1) fell as much as 31.4%, the biggest daily drop since the first Gulf War

** The yield on 10-year U.S. Treasuries (US10YT=RR) fell further to a record low of 0.4624%, having halved in just three sessions

** With swings in yield, markets are now fully pricing in a rate cut of 75 basis points by the Federal Reserve on March 18

** The 10-year Bund yield fell to a record low of -0.863% (DE10YT=RR)

** U.S. stock futures plunged 5% to hit their daily down limit and halt trading

** London's FTSE 100 (FTSE) shed 8.4% a few minutes after the open in its worst single-day drop since the financial crisis

** London-listed Shell plunged 23% and BP 29% in their worst-ever intraday rout

** The Russian rouble is down over 8%, on track for its worst drop since December 2014, also when oil prices plunged

** The dollar extended its slide in Asia to as low as 102.60 yen , depths not seen since late 2016

** Emerging-market stocks (MSCIEF) dropped over 4% and the world's biggest listed entity, Saudi Aramco (SE:2222), traded below its IPO price for the first time

Caesar

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Re: What is moving the markets this week
« Reply #57 on: March 11, 2020, 07:49:07 AM »
Heard on radio just now that the Bank of England have cut interest rates by 0.5% to try and help beleaguered businesses.
Not sure how useful that will be if, as expected,  the UK follows Italy into lock down in the coming days/weeks, but every little helps and there is not a lot else they can do.
Gbp fell against other currencies initially,  but has regained some of its losses.
« Last Edit: March 11, 2020, 07:56:58 AM by Caesar »

eddieb

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Re: What is moving the markets this week
« Reply #58 on: March 11, 2020, 05:03:57 PM »
Good afternoon all.

The interest rate cuts on either side of the Atlantic have not stopped the respective stock markets sliding.

FTSE is currently 5865, down 1.6%, and Dow 23846, down 4.7% on the day

Brent slips another 2.5% today to 36.28

eddieb

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Re: What is moving the markets this week
« Reply #59 on: March 12, 2020, 11:20:19 AM »
Covid 19 still hurting stocks.

FTSE now at 5559, -5.4%
Dax and other European markets down around 5%
Dow finished yesterday on 23553, -5.86% and expected to fall further today. Dow is -20% off its peak.
IAG, owners of British Airways,  down 9%
Tui, the travel company,  down 12%

Who's going to be brave enough to take a buy position?  I think there is still a lot further for some if these shares to fall, and a large number of companies may not survive.

Namaste