About: anakin

Recent Posts by anakin

Markets Close on Monday for Juneteenth Holiday Following Strong Week and Fed’s Rate Hike Decision

In observance of the Juneteenth holiday, the regular trading session was suspended on Monday, providing investors with a break after a positive week. Despite minor slips on Friday, the S&P 500 and the Nasdaq Composite recorded their best weekly performances since March, with the S&P 500 rising by 2.6% and the Nasdaq adding 3.25%. TheContinue Reading

Written on June 20, 2023 at 2:49 am
Categories: Today's Analysis

Week Ahead: All Eyes on BOE and SNB Rate Statements

This week, markets brace for key events, including interest rate releases from the Bank of England and Swiss National Bank. Traders are expected to monitor these crucial announcements to shape their strategies and gain insights into the financial landscape. Stay tuned for a round-up of significant market developments. UK Consumer Price Index (21 June 2023)Continue Reading

Written on June 19, 2023 at 1:30 am
Categories: Week Ahead

Stocks Surge as Investors Anticipate Fed’s Pause on Rate Hikes

On Thursday, the Dow Jones Industrial Average experienced a significant rally, surging over 400 points, and the S&P 500 reached a 13-month high. Investors speculated that the Federal Reserve would refrain from further interest rate hikes after the central bank decided to skip a hike this week. The Dow Jones rose by 428.73 points (1.26%),Continue Reading

Written on June 16, 2023 at 5:45 am
Categories: Today's Analysis

Stock Market Reacts to Fed’s Mixed Signals on Rate Hikes and Inflation

Stocks experienced volatility on Wednesday as the Federal Reserve took a pause in its rate-hiking campaign while signalling progress in combating inflation. Despite this, the central bank also indicated its intention to implement two more rate hikes later in the year. The S&P 500 managed to eke out a marginal gain, closing at 4,372.59 withContinue Reading

Written on June 15, 2023 at 3:22 am
Categories: Today's Analysis

Stocks Rise on Slowing Inflation Data, Fed Rate Hike Speculation

Stocks climbed as new inflation data revealed a slowdown in price pressures in May, fueling optimism among investors that the Federal Reserve might opt to forgo a rate hike during its upcoming policy decision this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains, with the latter two indices reachingContinue Reading

Written on June 14, 2023 at 2:14 am
Categories: Today's Analysis