Monthly Archives: June 2020
JUN 12,2020
Written on June 12, 2020 at 4:14 am, by anakin
Daily Market Analysis Market Focus The Dow Jones Industrial Average extended its rout to 7%, with all of its 30 companies dropping. The S&P 500 slumped almost 6%, approaching the 7% threshold that would trigger an exchange-mandated trading pause. Airlines, cruise operators and travel companies that soared in recent weeks bore the brunt of theContinue Reading
JUN 10,2020
Written on June 10, 2020 at 4:07 am, by anakin
Daily Market Analysis Market Focus The S&P 500 Index more than 1% and touched its highest level since late February at 3,233 points. With investors looking to books their profits ahead of Wednesday’s FOMC announcements, the index is undergoing a technical correction and has lost around 0.40% on the day. Wall Street ended the dayContinue Reading
JUN 09,2020
Written on June 9, 2020 at 1:40 am, by anakin
Daily Market Analysis Market Focus The torrid rally in U.S. stocks pushed the S&P500 into the green for the year as easing lockdowns bolstered economic optimism. A jump to a 15-week high on Monday extended the benchmark’s surge from its March low to almost 45%. On the day record-keepers declared the U.S. is in recession.Continue Reading
JUN 08,2020
Written on June 8, 2020 at 3:40 am, by anakin
GOLD Gold experienced some aggressive selling in response to upbeat Nonfarm Payroll report. Surging US bond yields and stronger USD contributed to the bearish momentum on Gold. The Gold rally on Thursday failed to extend further and has lost more than $40 dollars on Friday, bottoming at 1670/oz. The US employment data came in muchContinue Reading
JUN 05,2020
Written on June 5, 2020 at 1:54 am, by anakin
Daily Market Analysis Market Focus The major indexes in the US started the day off slightly lower on Thursday as the risk rally has finally slowed down on its momentum. The weekly data released earlier in the day revealed that more than1.87 million Americans have applied for unemployment benefits last week, a figure thatContinue Reading
JUN 04,2020
Written on June 4, 2020 at 1:40 am, by anakin
Daily Market Analysis Market Focus The market remained in risk-on mode on Wednesday, making the USD continue to lose further. S&P 500 is trading at levels that have not been seen since early March 2020, NASDAQ has closed up by 68.36 points, and Dow Jones closed up by 522.565 points. The DXY remains underContinue Reading
JUN 03,2020
Written on June 3, 2020 at 2:06 am, by anakin
Daily Position Report Market Focus U.S. stocks rose alongside equities in Europe and Asia amid new bouts of stimulus and positive economic signal as coronavirus lockdowns ease. Dollar slumped for a fourth consecutive day. Stock are hovering near their highest in three months as businesses reopen around the world and manufacturing gauges show economies stabilizingContinue Reading
