Market Analysis

30 October 2023

Week ahead: Markets to focus on FOMC and BOE rate statements, and US Jobs Report

This week, traders are primarily focused on the rate decisions of major central banks, such as the Federal Reserve and Bank of England. Alongside these, the US Jobs Report is slated for release, serving as a critical indicator for the …

27 October 2023

Market Correction Deepens as Tech Giants Struggle, Dollar Gains Resilience Amid Economic Data, and Currency Market Trends Uncertain

In a turbulent market session, the Nasdaq Composite entered correction territory, partly driven by Meta’s underwhelming forecast, and Alphabet’s disappointing results added to the pressure. The S&P 500 briefly touched correction territory, and Wall Street grappled with concerns about the …

26 October 2023

S&P 500 Falls Below Key Level Amid Tech Giant Turmoil, Microsoft Shines in Earnings Season, and the Resilient US Dollar Dominates Currency Markets

On Wednesday, the S&P 500 closed at 4,186.77, dipping below the critical 4,200 level, spurred by Alphabet’s disappointing earnings, tech stock declines, and rising bond yields. Microsoft bucked the trend with a 3% share price increase after strong earnings. Meanwhile, …

25 October 2023

Earnings Drive Stock Market Gains Amidst Tech Valuation Concerns, US Dollar Strengthens on Yield Rebound

In a positive turn for the stock markets, Tuesday saw a surge driven by robust earnings reports, yet concerns linger over lofty tech valuations. Major companies like Coca-Cola and Spotify exceeded expectations, while General Motors faced challenges. David Bahnsen of …

24 October 2023

Mixed Market Trends as Treasury Yields Fluctuate: Wall Street Prepares for Tech Giants’ Earnings Amidst Rising Concerns

On Monday, the stock market witnessed mixed fortunes as the Nasdaq Composite edged higher while the Dow Jones and S&P 500 experienced declines, influenced by fluctuations in Treasury yields. The 10-year Treasury yield breached the 5% mark, sparking worries of …

23 October 2023

Week Ahead: All Eyes on BOC Rate Statement and ECB Rate Statement

Several key events are expected to influence the financial markets this week, including interest rate decisions from the Bank of Canada (BOC) and the European Central Bank (ECB). In light of this, we recommend traders to exercise caution in their …

20 October 2023

Stocks Decline as Powell’s Comments and Bond Yields Add Uncertainty

In the latest trading session, stock markets experienced a decline as investors reacted to Federal Reserve Chair Jerome Powell’s remarks regarding elevated inflation and monitored the rise in the benchmark U.S. 10-year Treasury yield. The Dow Jones Industrial Average fell …

19 October 2023

Stocks Tumble as Earnings Reports Disappoint, Treasury Yields Surge

In a tumultuous day for the stock market, major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, saw significant declines as corporate earnings reports fell short of expectations. The 10-year Treasury yield reached levels not seen …

18 October 2023

US Dollar Edges Steady as Stock Futures Dip, Wall Street Awaits Key Reports and Examines Earnings Season Performance

Stock futures showed a slight decline in anticipation of crucial financial reports, with Dow Jones Industrial Average futures falling by 0.1% and both S&P 500 and Nasdaq-100 futures edging lower by the same margin. United Airlines and J.B. Hunt faced …

17 October 2023

Stock Market Rises on Earnings Optimism, Dollar Slips Amid Geopolitical Tensions

On Monday, the stock market surged as traders eagerly awaited corporate earnings reports, pushing the Dow Jones Industrial Average to its best day since September. Despite concerns about rising Treasury yields, oil prices, inflation, and conflicts in the Middle East, …