Tag Archives: Stocks

Key points After a rebound from the support level of 1.0725, the EUR/USD pair is now challenging resistance around 1.0790, where the 50-day and 200-day Simple Moving Averages (SMAs) meet. SEE: The Cable tests resistance on the VT Markets trading app. This could extend to trendline resistance at 1.0810 and approach a significant Fibonacci levelContinue Reading

Key points On Wednesday, the Hang Seng Index saw a noticeable drop, decreasing by 0.90% or 165.51 points, closing the trading day at 18,313.86. Similarly, the Hang Seng China Enterprises Index fell by 1.07% or 69.95 points to end at 6,456.72. This downturn reflects a more cautious stance among traders as they await the releaseContinue Reading

Key points The Reserve Bank of Australia (RBA) has chosen to maintain its interest rate at a 12-year peak of 4.35%, defying some market predictions that anticipated a rate increase. This decision comes as Australia grapples with persistently high inflation rates, which have exceeded early 2023 forecasts. Given the current economic climate, it’s plausible thatContinue Reading

Key points Japan’s Nikkei share average dipped over 1% on Wednesday, retreating from the multi-week highs observed in the last session. This movement came as a result of mixed corporate earnings, which highlighted clear winners and losers, alongside investors waiting for more information on the direction of U.S. interest rates. Picture: Nikkei prices see aContinue Reading

This week, the financial markets have displayed resilience, particularly evident in U.S. stocks buoyed by an impressive earnings season—the most robust in nearly two years. The S&P 500 reported a notable 5% year-over-year growth in earnings per share for Q1 2024, marking the largest increase since Q2 2022. Corporate net profit margins have ascended toContinue Reading

With 65.61% of traders expecting a downturn in USD/JPY, conventional wisdom might suggest preparing for a decrease. However, the market often defies direct expectations, and the relatively high ratio of bears might hint at an overcrowded trade. For EUR/JPY, the sentiment is similarly bearish with 69.73% of traders betting on a drop and a short-to-longContinue Reading

3rd May 2024 — Australian shares exhibited an observable increase, with the S&P/ASX 200 Index climbing by 42.00 points or 0.6%, to settle at 7,629.00. This rise came as investors positioned themselves ahead of the release of the US jobs report, anticipated to show a decrease in job additions from March to April. SEE: ASXContinue Reading

Over the weekend, Tesla CEO Elon Musk announced that Tesla’s advanced driver-assistance system, Full Self Driving (FSD), has been cleared for sale in China, prompting a 15% surge in Tesla’s stock on Monday. This move marks a significant expansion for Tesla into the Chinese market, which is already a major hub for electric vehicle (EV)Continue Reading

4 April 2024 – Mainland China’s stock indices experienced slight declines today, with investors adopting a cautious stance in anticipation of the long Labor Day holiday and critical upcoming events. The Shanghai Composite index saw a marginal drop of 0.12% to 3,109.26 points by the midday break, while the blue-chip CSI300 index was down byContinue Reading

Japan’s Nikkei 225 index experienced a rise of 1.24%, closing at 38,405.66, driven by an upbeat performance in U.S. markets and investor optimism. SEE: Nikkei sees modest rise on the VT Markets VT Markets app. Despite this daily gain, the Nikkei recorded a 4.99% drop in April, marking its first monthly decline of the year andContinue Reading