Category Archives: Today’s Analysis

Market Focus   US equity market turned south on concerns that resurgence in coronavirus cases will lead to second wave of lockdown across US, which is distinct possible as Fauci mentioned on Wednesday ‘any state that is having a serious problem, that state should seriously look at shutting down’. United States reported more than 60,000Continue Reading

Daily Market Analysis Market Focus   Tech Stocks extended gains while XAUUSD successfully climbed over $1810 on Wednesday. US tech shares surged as investors looked past tensions between Washington and Beijing and sought out companies thought to be insulated from rising COVID-19 cases. For instance, Apple and Amazon were among the high-flying tech stocks thatContinue Reading

Market Focus Despite board members from Bank of Japan see continued high uncertainty surrounding the economy, no major change to the current monetary tools is considered. BOJ officials want to continue to closely monitor effects of previously implemented policy as the financial markets remain relatively stable and companies are not facing significant funding problems. QuarterlyContinue Reading

Daily Market Analysis Market Focus   US stocks surged, with tech shares pushing Nasdaq Composite to a record high. The DXY continued to fall for a fifth day while US Treasuries dipped. On the same note, the S&P 500 index headed towards its fifth increase as Amazon shares achieved the $3,000 threshold for the firstContinue Reading

Market Focus   Investors continue to weigh signs that global economies are on the mend against relentless new outbreaks of the virus. US payrolls data Thursday fueled optimism of a V-shaped recovery in the world’s biggest economy. Australia’s Retail Sales for May printed 16.9%, slightly above estimate of 16.3%, a big leap from previous -17.7%.Continue Reading

Daily Market Analysis Market Focus The US Nonfarm Payroll report showed that the country has added 4.8 million new jobs in June while the unemployment rate dropped to 11.1%, both much better than anticipated. However, other employment related data such as the Average Hourly Earnings missed market’s expectations. Ahead of the release, equities were up,Continue Reading

 Market Focus   ISM Manufacturing PMI rose to 52.6 from previous 43.1, beating estimate of 49.5. The printed figure was the highest number recorded in a year. ADP’ private-sector jobs rose by 2.369 million in June, ADP Research Institute vice president said “as the economy slowly continues to recover, we are seeing a significant reboundContinue Reading

Daily Market Analysis Market Focus   US benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998. The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, which is equivalent to 217 points, and hit 25,812. Lastly, the Nasdaq Composite rallied 1.9% to finish theContinue Reading

Market Focus   Total death toll worldwide has surpassed 500,000 and confirmed cases exceeded 10 million. WHO warned that the worst scenario has yet to come. European Union governments is considering extending a travel ban for US residents for at least two weeks. On the other hand, several US states decided to halt plans toContinue Reading

Daily Market Analysis Market Focus   Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the poor Wall Street indexes performance is still the accumulating new COVID-19 cases; currently, the USContinue Reading