WEEKLY MARKET REVIEW – DECEMBER 5-9 2016

WEEKLY MARKET REVIEW – DECEMBER 5-9 2016

 

The next meeting of oil-producing countries will be today’s main news

 

Forex

USD/CAD, Daily

USDCAD

The US currency lost its positions last week mainly because of the technical correction after a significant two weeks’ growth. However, USD’s fall was low, thanks to positive US statistics. For example, reports on GDP and NFP came out better than expected.

Thus, the USD is supported by expectations of a rate hike.

This week, central banks of Australia Canada and the European Union will announce their interest rates decisions. Meanwhile, traders will pay attention to US’ economic statistics.

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WEEKLY MARKET REVIEW – NOVEMBER 21-25 2016

Weekly Market Review – November 21-25 2016

 

Oil will be main market mover this week

 

Forex

NZD/USD, Daily

NZDUSD

Last week the USD continued its recovery process after the US election, as Trump promised to expand fiscal stimulus. Additionally, traders are anticipating a Fed rate hike.

This week traders will pay further attention to US economic data.

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Weekly Market Review – September 26-30 2016

Weekly Market Review – September 26-30 2016

 

The 15th International Energy Forum is this week’s main event

 

Forex

EUR/USD, Daily

EURUSD

Last week, the Fed kept the interest rates unchanged. This put pressure on the USD, although the probability of a rate hike at the meeting in December increased slightly. The central banks of Japan and New Zealand also left the monetary policy settings unchanged, but stressed the possibility of a reduction in the following meetings.

This week will be full of economic statistics, among which stands out the data regarding personal income and spending in the United States. Also, there will be new data on Eurozone CPI published.

 

Stock Market

USA

NASDAQ, Daily

NASDAQ

The NASDAQ started the week in a fairly narrow range. Investors were waiting for central banks’ interest rates decisions. Because the rates remained unchanged in Japan, U.S and New Zealand, the stock markets received support.

However, in the second half of the week the major US stock indexes recorded a fall, due to weak US data. In addition, the negative dynamics of oil put some pressure.

This week traders will look towards US economic statistics.

Europe

DAX, Daily

DAX

The dynamics of European stock markets followed the trends in the US. European investors paid attention to the heads of European banks’ statements. Thus, the performance of the ECB disappointed investors, because they expected more drastic measures later this month.

This week, trading dynamics will depend on energy companies.

 

Commodities

Brent Oil, Daily

BrentOil

Prices rose last week, due to data on oil stocks from the US. The oil stocks volume decreased.

Meanwhile, the 15th International Energy Forum starts is taking place this week.

Weekly Market Review – September 12-16 2016

Weekly Market Review – September 12-16 2016

 

Bank of England is the main market mover this week

 

Forex

GBP/USD, Daily

GBPUSD

The US currency closed last week in downtrend due to negative statistics on the US economy. The largest US dollar’s drop was after the services’ PMI publication.

Also, last week’s ECB decision on interest rates was announced. The regulator left the rates unchanged.

This week the main event is the Bank of England interest rate decision, which is scheduled for Thursday at 11:00 (GMT).

 

Stock Market

USA

S&P500, Daily

SP500

The index showed negative dynamics at the end of the last trading week. Stocks fell slightly due to a weak NFP report.

In addition, the North Korea’s nuclear test on Friday impacted the markets.

 

Europe

FTSE, Daily

FTSE

ECB decision on interest rates was the main event last week. Unfortunately the European regulator did not extend stimulus measures.  Additionally, traders were distressed about North Korea’s nuclear weapons test.

This week the focus of investors’ attention will be on central banks’ interest rate decisions.

 

Commodities

Brent Oil, Daily

BrentOil

Last week the oil market showed growth. Oil quotations rose sharply due to the agreement between Russia and Saudi Arabia. US data on oil stocks showed decrease.

At the same time, oil stocks worldwide are growing. According to Baker Hughes’ service, the number of active rigs in the US grew for the fourth month in a row.

Weekly Market Review – August 29 – September 2 2016

Weekly Market Review – August 29 – September 2 2016

The NFP is this week’s main event

Forex

USD/JPY, Daily

USDJPY

Janet Yellen’s speech in Jackson Hole was last week’s main event. She mentioned the case for raising US interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth.

Data on orders for durable goods in US provided some support for pair. Most analysts believe that the US dollar will continue to grow until the next US Fed meeting, scheduled for the end of September.

This week will feature important data on inflation in Germany and Eurozone, scheduled for Tuesday and Wednesday respectively.

This week’s main event is Friday’s NFP report 12:30 GMT.

 

Stock Market

USA

Dow, Daily

Dow

Last week major US stock indexes closed below zero, showing a downwards trend. This occurred thanks to a floundering oil market. Additionally, after the quarterly reporting season, investors are turning their attention to the prospects of a possible rate hike.

 

Europe

IBEX, Daily

IBEX

Major European stock exchanges trended negatively last week, following the general dynamics of the global markets. Traders were disappointed by measures by central banks.

This week’s dynamics will depend on European economic data. Additionally, Chinese Manufacturing PMI will impact the markets.

 

Commodities

Brent Oil, Daily

BrentOil

Last week oil showed almost zero change, with traders paying a lot of attention to data on US stocks. OPEC countries are still discussing potentially freezing production volumes. Meanwhile, according to the Baker Hughes, the number of active drilling rigs remained unchanged.

This week the oil market will entirely depend on the US currency.

Weekly Market Review – August 22 − 26 2016

Weekly Market Review – August 22 − 26 2016

Jackson Hole Symposium will be this week’s main event

Forex

EUR/USD, Daily

EURUSD august 22

Last week the FOMC Meeting Minutes were published, which was week’s main market driver.

On Tuesday the Eurozone Services and Manufacturing PMIs will be published, with the US Durable Goods Orders scheduled for Thursday. This week’s main event this week is the Jackson Hole Symposium (Central Bank Governors’ Meeting), scheduled for the 25-27.

 

Stock Market

USA

S&P500, Daily

SP500 august 22

Last week oil prices and a slew of economic data impacted the US stock markets. The US economy clearly improved, with the only setback being inflation.

Meanwhile, stronger oil prices provided key support for the US stock markets including the S&P 500.

Europe

FTSE, Daily

FTSE august 22

European stock markets spent the past week caught in a downwards trend thanks to profit-taking after a strong rally. Traders are still worried about the state of the EU economy post-Brexit. Additionally, last week there were a series of weaker earnings reports, and some of the top gaining sectors, such as the mining sector have fallen.

 

Commodities

GOLD, Daily

Gold august 22

Gold traded with mixed results last week as Federal Reserve Vice Chairman Stanley Fischer signaled that a 2016 rate hike is still under consideration. He mentioned the U.S. economy is already close to meeting the Fed’s goals and that growth will continue.

This week traders will pay a lot of attention to Janet Yellen’s speech Aug. 26 at the annual Jackson Hole Symposium, which will undoubtedly impact the precious metal.

Weekly Market Review – August 8 − 12 2016

Weekly Market Review – August 8 − 12 2016

New Zealand’s Interest Rate Decision will be this week’s main highlight

Forex

NZS/USD, Daily

NZDUSD august 8

Last week the Australian and UK central banks lowered their interest rates – Australia from 1.75% to 1.5% and the UK, from 0.5% to 0.25%, a record low and the first cut since 2009. The bank will additionally purchase £60 billion and £10 billion worth of UK government and corporate bonds. The pound obviously fell. Additionally, the NFP came out better than expected at 255K against expectations of 180K. U.S. Average Hourly Earnings also showed growth.

This week will be full of important news and events, with the New Zealand Interest Rate Decision on Wednesday at 21:00 GMT, followed by German and Eurozone GDP, scheduled for Friday 6:00 and 9:00 GMT respectively.

 

Stock Market

USA

NASDAQ, Daily

NASDAQ august 8

Major US stock indexes finished the week strong thanks to Friday’s excellent NFP report after falling during first half of the week. Against this background, the main stock indices reached historic highs.

This week traders should pay attention to US economic statistics.

Europe

FTSE, Daily

FTSE august 8

Major stock indexes across Europe fell to start the week thanks to poor oil market dynamics. However, once the Bank of England cut its interest rates the situation changed.

 

Commodities

Brent Oil, Daily

BrentOil august 8

Oil was under pressure for much of last week as volumes grew in the Middle East along with the number of drilling rigs in the US. However, towards the end of the week oil stocks fell in the US, which propped up the struggling commodity.

 

Weekly Market Review – August 1 − 5 2016

Weekly Market Review – August 1 − 5 2016

NFP report will be main event this week 

Forex

EUR/USD, Daily

EURUSD august 1

The US Fed and the Bank of Japan conducted their interest rate meetings last week. Both regulators left their respective interest rates unchanged but there was a bit of optimism at the FOMC Meeting as Fed Chair Janet Yellen indicated that the economy is on the right track. However, the timing of the next rate hike is unknown, which ultimately put pressure on the USD. Friday additionally saw the USD fall as US Q2 GDP data came out lower than expected.

This week investors will should pay close attention to interest rate meetings that will be conducted by Reserve Bank of Australia and the Bank of England, scheduled for August 2 and 4 respectively. However, this week’s main event is the NFP report, which will occur on Friday, August 5.

 

Stock Market

US

S&P500, Daily

SP500 august 1

There were a number of important quarterly reports last week that had positive impact on the market. US companies such as Google and Amazon provided key support. Furthermore, a slightly underwhelming FOMC Meeting additionally provided support.

This week’s NFP report will ultimately provide the greatest impact on the US markets.

 

Europe

IBEX, Daily

IBEX august 1

Major stock indexes across Europe showed a relatively weak upward trend during the week, as investors waited for the Bank of Japan’s decision on its monetary policy.

This week the Bank of England will conduct its interest rate meeting, with analysts expecting a new stimulus package.

 

Commodities

GOLD, Daily

Gold august 1

Gold concluded the week in a positive light, with the precious metal growing by $40 per ounce as weak US economic statistics hurt the US economy.

Gold prices will be impacted throughout the week thanks to the upcoming NFP report.

Weekly Market Review – July 25 − 29 2016

Weekly Market Review – July 25 − 29 2016

Fed’s Interest Rate decision will be this week’s main event

Forex

USD/JPY, Daily

USDJPY

The pair strengthened last week as a slew of positive US economic data swept the markets. This week the Fed’s FOMC Meeting is scheduled for July 26-27 and the decision will be published at 18:00 GMT. Almost all analysts believe that no changes will be implemented, but it is the accompanying statement that will garner the most attention.

Additionally, the Bank of Japan will conduct it interest rate meeting on July 28-29, with results being made known to the public on Friday 3:00 GMT.

 

Stock Market

USA

Dow, Daily

Dow

By the end of the trading week major US stock indexes thanks to a bunch of positive quarterly reports. Additionally, support for the securities market boosted oil prices. This week earnings season continues in the US with companies including Apple, Twitter, Alphabet and Amazon present their quarterly reports.

Europe

FTSE, Daily

FTSE

Most major European stock indexes including the FTSE 100 didn’t particularly grow all that much.  This week the Bank of Japan’s meeting will probably impact the markets.

 

Commodities

Brent Oil, Daily

BrentOil

Oil trended negatively at the end of last week as reports from the Institute of Petroleum and US Department of Energy. According to both reports oil stocks fell less than what was expected, causing prices to fall. Additionally, the number of operating oil rigs grew by 14 units, putting further pressure on the oil market.

 

Weekly Market Review – July 18 − 22 2016

Weekly Market Review – July 18 − 22 2016

ECB Interest Rate decision will be this week’s main event

Forex

EUR/USD, Daily

EURUSD

With the Brexit in the rearview mirror, the Bank of England’s meeting was the most important event last week. In spite of all forecasts and hints the bank still left the interest rates unchanged, which made the GBP rise against all of the other majors. Meanwhile, at the end of the trading week the US dollar became the favorite again thanks to solid statistics emanating from the US economy, with better than expected Retail Sales and Industrial Production reports. Additionally, the attempted Turkey coup caused demand for protective assets to skyrocket.

This week’s highlight will the ECB meeting scheduled for July 21, 11:45 GMT.

 

Stock Market

USA

S&P500, Daily

SP500

Major US stock indexes started grew to start last week thanks to Japanese Prime Minister, Shinzo Abe claiming victory in its parliamentary election. Additionally, new British PM Theresa May provided further support for the markets.

Earnings season kicked off last week in the US, producing solid results thus far. As a result most stock indexes have broken their long-term records.

Europe

DAX, Daily

DAX

Major stock exchanges across Europe grew significantly, with news from Japan and the UK providing crucial support. Meanwhile, investors were worried about Turkey coup attempt. However, it ultimately proved to be unsuccessful, causing little impact.

This week traders should pay attention to the upcoming ECB meeting, scheduled for July 21, 11:45 GMT.

 

Commodities

GOLD, Daily

Gold

Gold spent last week entrenched in a downward trend as tensions over the Brexit subsided somewhat, making it possible to close long positions on the asset. Additionally, the US dollar strengthened, causing further pressure some pressure.  Currently, the precious metal is priced relatively high, making it less attractive for potential investors.