About: anakin

Recent Posts by anakin

Stock Market Extends Winning Streak as Investors Await Key Catalysts

On Monday, the stock market continued its positive momentum, with the Nasdaq Composite achieving its longest winning streak since January. The S&P 500 and Dow Jones also edged up, with the market pausing to digest the previous week’s robust rally. Investors are eagerly awaiting the Federal Reserve’s announcements and corporate earnings reports for potential bullishContinue Reading

Written on November 7, 2023 at 1:42 am
Categories: Today's Analysis

Week Ahead: All Eyes on RBA Rate Statement and UK GDP

Significant economic events are expected to impact the forex market this week. Traders should closely monitor the Reserve Bank of Australia’s rate statement and the UK’s Gross Domestic Product (GDP) release. These indicators could substantially sway market conditions, underscoring the importance of staying abreast of recent developments to ensure a successful trading week. Here areContinue Reading

Written on November 6, 2023 at 2:50 am
Categories: Week Ahead

Stocks Surge on Dwindling Bond Yields and Fed Speculation, Dollar Falters Amidst Mixed Signals

In a remarkable Thursday rally, stocks saw a surge as Treasury yields dropped, sparking investor speculation that the Federal Reserve may pause its rate hikes for the remainder of 2023. The Dow Jones Industrial Average posted its strongest performance since June, the S&P 500 marked its best day since April, and the Nasdaq Composite hadContinue Reading

Written on November 3, 2023 at 2:51 am
Categories: Today's Analysis

Stocks Rebound as Fed Holds Rates Steady, Tech Stocks Soar, and USD Strengthens Amid Mixed Economic Data

On Wednesday, US stocks rebounded, led by technology stocks, as the Federal Reserve chose to maintain interest rates, easing concerns of an imminent rate hike. The Dow Jones, S&P 500, and Nasdaq Composite all posted gains, with technology stocks like AMD, Micron Technology, and Nvidia leading the charge. The Federal Reserve’s decision also led toContinue Reading

Written on November 2, 2023 at 2:32 am
Categories: Today's Analysis

Volatile Month Ends with Modest Rebound, Currency Markets React to Central Bank Policies

In the stock market, October witnessed surging interest rates, leading to a challenging month for investors, but there was a modest recovery on Tuesday as major indices rebounded. Real estate and financial sectors outperformed, while some tech giants faced declines. Despite recent gains, it marked the third consecutive losing month for major stock indices, drivenContinue Reading

Written on November 1, 2023 at 3:24 am
Categories: Today's Analysis