Major US stock indices lost circa 4.40% on Wednesday, but this time the sell-off was driven by European markets amid major European banks announced they will not pay dividends in 2020...
The US dollar index shortly fell below the 99 mark on Tuesday. But if the equity markets are hit by a renewed wave of a global sell-off, the US dollar will certainly be the first destination to welcome the freed cash...
US stock indices reversed earlier gains in New York and closed Tuesday’s session in the negative territory. The Dow fell 1.84%, as the S&P500 and Nasdaq gave back 1.60% and 0.95% on news that the number cases in New York surpassed Wuhan, signaling that the US is not out of the woods just yet...
The White House on the other hand is discussing additional fiscal aid measures worth $600 billion, on top of the historical $2 trillion rescue package just signed a couple of days ago...
The US stock indices extended their advanced for the fourth session over five, recording gains past 3% on Monday, amid healthcare stocks rallied on hopes that a vaccine could curtail the spread of the coronavirus and signal the end of the containment measures that have catastrophic implications f...
In the currency markets, the US dollar halted its decline as the investor sentiment soured again. The EURUSD retraced to 1.1068. Due today, the industrial and services sentiment indices may have dived to negative in March for the first time since 2013...
Not surprisingly, last week’s enthusiasm over the Federal Reserve’s (Fed) pledge to buy unlimited amount of assets and the US government’s historical $2-trillion rescue package didn’t last long. The Dow closed Friday’s session 4% lower, as S&P500 (-3.37%) and Nasdaq (-3...
WTI crude consolidates a touch below $25 a barrel and will likely gyrate within the $20-$25 area, with a greater possibility of breaking this range to the topside. In the foreign exchange markets, the EURUSD rallied to 1.1086 on a broadly softer US dollar...
The jobless claims in the US rose past the 3 million mark last week, a sign that the covid-19 has started taking a severe toll on the US labour market and the US now has the most coronavirus cases in the world, hinting that the situation is about to get worse in the coming weeks...
Gold rallied to $1637 per oz. The actual positive move in gold prices are backed by a shortage of physical gold in the markets as a result of ceased activity in gold refineries due to the Covid-19 outbreak...
After an early drop to the negative territory, US stocks eventually recovered, and two of the three leading US stock indices ended the Wednesday session in the green. As such, we saw two consecutive-day gains in the US stocks for the first time since the coronavirus-led freefall began...
To assess how well the market recovers, we will be closely monitoring two things: the price volatility and the US dollar inflows. First, a 5%-10% daily volatility is bad, regardless of its direction. A 10% jump in asset prices is as worrying as a 10% fall...
US Congress passed the much-expected $2-trillion fiscal stimulus package, the largest in the US history, to fight the coronavirus-induced economic slowdown and to halt the heavy bleeding across the financial markets...
In Europe, both manufacturing and services PMI are expected to print their sharpest fall on record in March, after the coronavirus shutdowns took a toll on businesses and public life across the old continent...
Another surprise Federal Reserve (Fed) intervention yesterday helped curbing losses in New York, but the S&P500 and the Dow closed the day circa 3% lower, and Nasdaq was flat...
Global equities continue falling into a bottomless pit as the coronavirus death toll rises, bringing along more travel restrictions and lockdowns across the globe...
We expect more international companies to announce their contingency plans as we have a better understanding on how the situation evolves, even though the situation develops rapidly, and toward the wrong direction across other continents...
The S&P500 advanced 0.47%, the Dow added 0.95%, as Nasdaq surged 2.30% in New York, as the Trump administration proposed more fiscal help including tax rebates up to $1200 per person, but more importantly, emphasized that more help is on the way...
As DiNapoli traders we are always able to determine market turning points ahead of time with the help of our advanced Fibonacci analysis. Below is the monthly silver chart. Look at the cluster of Fibonacci extensions around '8'...
