Hogging the spotlight in 2015, with an average return of 86%, Facebook, Inc. (FB), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX) and Alphabet Inc. (GOOGL) – more popularly the FANG stocks – have lost their edge this year. Facebook, Amazon, Netflix and Alphabet have lost 3.5%, 27.4%, 22.7% and 9.2%, respectively, in the year-to-date frame. In…
Bad news is once again good news… for stocks that is. After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, and said there is no basis for further Yuan…
Bad news is once again good news… for stocks that is. After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, and said there is no basis for further Yuan…
The external factors to today’s trading are multiple. The US markets closed sharply up on Friday, with the S&P futures index growing steadily. Oil quotes are continuing to rise. Last Friday saw a sharp jump in oil prices after the UAE stated that OPEC members are ready to cooperate regarding a possible reduction in oil…
The US dollar went through a sharp increase against its Yen counterpart on Friday, putting a stop to the four-day decay when the USD/JPY pair fell more than 4% due to the fact that investors turned to the safe-haven represented by the Japanese currency. The duet went through a wide range between 111.72 and 113.55…
FTSE 100: How Much Higher Can It Trade? The FTSE 100 (FXCM: UK100) is up by 5.8% since Thursday of last week on a classic ‘risk-on’ rally as traders booked gains on short positions and on the U.S. Retail Sales Control Group rising by 0.6% in January from negative 0.3% in December. The latter suggests that the…
Last week again saw all of the major markets lose ground and the oil price continued to soften – but above the $30 mark. In Europe over the course of the week, the FTSE was down by 2.4%, it closed at 5707.6; the Dax ended at 8967.5, down by 3.4% on last week’s close; the…
The safe-haven trade remained in force during last week’s trading activity for the major asset classes, based on a set of proxy ETFs. Bonds were the clear winner for the five trading days through Feb. 12, with the SPDR Barclays International Treasury ETF (BWX) leading fixed-income higher for the second week in a row with a solid…
After Friday closed with gains in Wall Street, Asian Stocks also delivered. Japanese Nikkei is trading 7% higher on the day after a week of steep losses. USDJPY which in directly correlated to stock sentiment is also following suit by having gained more than 0.8%. The drop in China’s Shanghai Composite index was largely…
