Daily Market Analysis Market Focus Fed’s Chief Powell testifies before Congress for a second consecutive day. Among other things, he claimed that the central bank stands ready to do more to aid the economic recovery if more needs to be …
Daily Market Analysis Market Focus Stocks rose for a third day as optimism over a recovering U.S. economy overrode concern that coronavirus cases are worsening in locations ranging from Texas to China. Treasury yields rose and the dollar …
Daily Market Analysis Market Focus The dollar swung at equities’ rhythm this Monday. The greenback benefited from safe-haven demand throughout the first two sessions of the day, amid concerns of a second wave of coronavirus contagions across US states and …
GOLD Gold markets went on a rally during the week, wiping out the loss from the previous week. However, the market entered a phase of consolidation since Wednesday and has been going up and down between 1723 and 1745 for …
Daily Market Analysis Market Focus The Dow Jones Industrial Average extended its rout to 7%, with all of its 30 companies dropping. The S&P 500 slumped almost 6%, approaching the 7% threshold that would trigger an exchange-mandated trading pause. Airlines, …
Daily Market Analysis Market Focus The S&P 500 Index more than 1% and touched its highest level since late February at 3,233 points. With investors looking to books their profits ahead of Wednesday’s FOMC announcements, the index is undergoing a …
Daily Market Analysis Market Focus The torrid rally in U.S. stocks pushed the S&P500 into the green for the year as easing lockdowns bolstered economic optimism. A jump to a 15-week high on Monday extended the benchmark’s surge from its …
GOLD Gold experienced some aggressive selling in response to upbeat Nonfarm Payroll report. Surging US bond yields and stronger USD contributed to the bearish momentum on Gold. The Gold rally on Thursday failed to extend further and has lost more …
Daily Market Analysis Market Focus The major indexes in the US started the day off slightly lower on Thursday as the risk rally has finally slowed down on its momentum. The weekly data released earlier in the day revealed …
Daily Market Analysis Market Focus The market remained in risk-on mode on Wednesday, making the USD continue to lose further. S&P 500 is trading at levels that have not been seen since early March 2020, NASDAQ has closed up …
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