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'...
The world is on the verge of a severe economic depression, and unfortunately, without having fully recovered from the 2008 financial crisis...
The Euro area inflation figures, on the other hand, were left unrevised during the same month, though the sharp decline in oil prices point at the possibility of a dramatic decline in consumer prices starting from March. JP Morgan expects 0% inflation in the second quarter of 2020...
Due today, European inflation figures are seen unchanged in February. But the expectations proved weak factoring in the impact of coronavirus pandemic this far, hence investors should stand ready for disappointment. The euro dashed below the 1...
With supply chains disrupted since February, countries hit one after the other and businesses closed in many leading economies, it is not a question of if, but a matter of how bad and how long the coronavirus-induced recession will be...
Pivot (invalidation): 12.3800 Our preference Long positions above 12.3800 with targets at 13.2800 & 13.5000 in extension. Alternative scenario...
Released yesterday, the NY Empire State Manufacturing Index tanked to -21.50 in March versus +4 expected by analysts and +12.90 printed a month earlier. Producer prices in Switzerland deflated by 2.1% in February versus -1.0% released a month before...
S equities rebounded past 3% after the Dow closed 12.93% lower, the S&P500 and Nasdaq tumbled 11.98% and 12.32% in the worst sell-off since 1987. The Fed’s 100-basis-point cut was fully bypassed by the market...
Asian stocks were smashed, with Australia’s ASX (-9.70%) taking the biggest hit amid industrial production in China declined 13.5%, fixed asset investment tanked 24.5% and retail sales fell 20...
The latest sell-off has been a good test for the oil market. WTI crude held ground above $30 a barrel, laying the foundations of a solid support at this level...
US stocks had their worst day since 1987 even after the Federal Reserve’s (Fed) announcement to flood the market with $5 trillion dollar over the next month. The Dow closed 9.99% down, as the S&P500 and Nasdaq slumped 9.51% and 9.43% respectively...
