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    quotations analysis

    14 August 2023
    Week Ahead: Markets to Focus on RBNZ Rate Statement and US Retail Sales

    Important economic events will have a significant impact on the forex market this week. Keep an eye out for the Reserve Bank of New Zealand’s (RBNZ) Rate Statement and the US data for retail sales. This information could greatly influence …

    11 August 2023
    Dow Edges Higher on Disney Rally and Moderate Inflation Data

    The Dow Jones Industrial Average saw a modest increase on Thursday, propelled by a surge in Disney’s stock following their post-earnings announcement of a price hike for ad-free Disney+ subscriptions. The market was also buoyed by a key inflation report …

    10 August 2023
    Stocks Decline Ahead of Inflation Data and Earnings Reports

    On Wednesday, the stock market witnessed a downward shift as investors braced themselves for upcoming inflation data and evaluated a series of diverse earnings reports. The Dow Jones Industrial Average concluded the trading session with a loss of 0.54%, shedding …

    9 August 2023
    Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil

    Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or …

    8 August 2023
    Dow Jones Surges on Upbeat Earnings and Inflation Outlook

    The Dow Jones Industrial Average commenced the week with a robust surge of 1.16%, gaining 407.51 points to conclude at 35,473.13, marking its most substantial upswing since June 15. Buoyed by a nearly 4% rally from Amgen, the blue-chip index …

    7 August 2023
    Week Ahead: All Eyes on US Consumer Price Index and Producer Price Index

    Several key market events are expected to influence the financial markets this week. Specifically, the highly awaited US Consumer Price Index and Producer Price Index will be released. In light of these crucial announcements, we advise traders to approach their …

    4 August 2023
    S&P 500 Faces Third Consecutive Day of Declines Amidst Rising Bond Yields

    The S&P 500 continued its decline for a third day in a row, grappling with the impact of rising bond yields and mixed corporate earnings results. The index fell 0.25%, closing at 4,501.89, while the Dow Jones Industrial Average also …

    3 August 2023
    Fitch Downgrades U.S. Rating Sparks Tech Stocks Selloff

    A selloff gripped the stock market on Wednesday as the Nasdaq Composite suffered its worst day since February. The downturn was triggered by Fitch Ratings’ decision to downgrade the long-term rating for the U.S. from AAA to AA+, citing concerns …

    2 August 2023
    Starting August Market: Mixed Earnings Impact S&P 500

    Starting in August, the S&P 500 experienced a 0.27% decline, with the Nasdaq Composite also dropping by 0.43%, while the Dow Jones Industrial Average gained 0.2%. Several companies reported mixed results, leading to varied stock movements. Pharmaceutical giant Merck pulled …

    1 August 2023
    Stocks Modestly Rise as Earnings Season Nears End with Positive July Performance

    Stocks on Wall Street experienced a modest rise on Monday, kickstarting a busy earnings week and concluding a winning month. The Dow Jones Industrial Average climbed 0.28% to close at 35,559.53, while the S&P 500 and Nasdaq Composite registered slight …