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US Market Outlook Jan 29 2018

Posted by Tim Sholl on 30-Jan-2018 01:37:09

Asian markets were lower with some profit taking in large cap chinese stocks after great run higher and as New Year approaches. Europe was also lower as Spanish bank Bankia cited one off restructuring costs as it released a loss for the quarter. Stock was down 4%. 

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Topics: Invest, USD, US Market Outlook

Daily Market Trends - Currencies 18 Jan 2018

Posted by Tim Sholl on 18-Jan-2018 22:45:52
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Topics: Trading, USD, FX

US Market Outlook

Posted by Tim Sholl on 18-Jan-2018 01:21:16

Price action in last nights session would suggest a turning point in many markets. In US stocks we saw a fast rally to new record highs followed by a sharp fall to lows and a weak close.  This is negative and I would look for markets to struggle to make new highs.  We have also seen weak price action in Dax and FTSE markets as well as weakness in the ASX200 last week. Earnings season can throw up many large price moves , but I would think we will weaken over the next few weeks in stocks.

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Topics: Market News, Invest, USD

US Market Outlook

Posted by Tim Sholl on 17-Jan-2018 01:15:57
After a strong finish to the markets last Friday and a long weekend the US markets are set to start higher with European markets performing well after the EUR came of it recent highs of 1.2295.  In a world of records we have record highs for the Hong Kong market , 26 year highs for the Japanese markets , record highs for the UK market and continual record highs for all US indices. So their is a huge demand for stocks and that is why volatility is so low. Earnings reports today from Citi was good with a huge writeoff due to the tax reform and GE which was not as good. No data out today but I expect continued solid markets and new record highs and close today.
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Topics: Market News, Invest, USD

ASX200 A.M Update

Posted by Billy Macris on 14-Dec-2017 11:23:15
The ASX200 is currently +0.23% or 13.90 pts at 6035.70 following on from the lead in the U.S which saw the Dow gain 80.63 pts to close at a new record high of 24585.43 following on from the FED raising rates 25 basis points. On the local market this morning the banks are a little mixed ,CTX is +4.56% along with BHP +0.61% and RIO +0.90%.  AUDUSD is higher this morning at 0.7626 after weakness across the board in the US Dollar Index.
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Topics: Trading, Market News, USD