Market Update – February 25 – Risk On, Commodity Currencies lead

Market News Today – USD at 3-year lows, Equities recover over 1%, (Dow over 32K) Yields cool again but remain relatively elevated (10yr – 1.41%). RISK ON. JPY & CHF heavy. Commodity currencies & Sterling hold bid, EUR breaks January resistance. Copper at 10-year high, […]

Oil and Loonie hand-in-hand to fresh highs!

This week, Fed chair Powell’s successful attempt to convince markets that the punch bowel of monetary stimulus isn’t going to be taken away anytime soon, even in the face of rising inflation. While admitting that USDIndex prices are “somewhat elevated” and that there would be […]

Midweek Market Podcast: February 24

The Market Week – February Week 4 HotForex · Midweek Update – February 24 The focus of attention once again this week focused on the Bond markets as Treasury prices fell, yields rose and volatility increased. This pressured the USD as commodity currencies and Sterling […]

AES Earning and energy consumption

The AES Corporation (NYSE: AES), one of the biggest companies in the Energy and Power section, with activity in 15 countries worldwide, is scheduled to release its fourth-quarter 2020 earnings report on Feb 25, before Wall Street’s opening bell. “In the past four quarters, The […]

Lowe’s – poor earnings report and quarter statistics expected

Lowe’s Companies, Inc. (LOW) is a home improvement retailer with more than 2,200 in-store locations and one of the FORTUNE® 50 companies, with a market capitalization of US $123 billion. It is in queue to report fourth quarter earnings today (24 February) before the US […]

Vipshop: Earnings preview for the fourth quarter of 2020

Vipshop Holdings Limited (NYSE: VIPS), a leading China-based online discount retailer for branded products in the country, is expected to report its earnings for the fiscal quarter ending December 2020 this Thursday 25th February before market open. Driven by a surge in the number of […]

Market Update – February 24 – Sterling & Commodity Currencies Soar

Market News Today Equities recover from significant falls, Powell pushes for inflation, USD remains heavy, yields cool from highs, NZD spikes following RBNZ. Commodity currencies & Sterling at 3-year highs, Copper at near 10-year high, Oil slipped from 1-year highs. Gold holds over $1800. BTC […]

Bank of America exceeds targets

Over the past six months Bank of America stock has managed to rise by 34.2% compared to the overall industry’s reported gains of +39.9%, driven by the recent trend. The long-term interest rates could continue to support the bank’s outlook, in conjunction with Zacks’ estimations […]

Powell’s testimony and the Market

FED Chair Jerome Powell’s semi-annual testimony on the economy and monetary policy will be held today, one of the most important events of the week. Currently: USD at fresh lows against AUD, NZD, and GBP The rate of new Coronavirus infections decreased, and despite last […]

Market Update – February 23 – USD Remains Heavy

Market News Today Equities heavy & USD down again (Nasdaq -2.46%, TSLA -8.55% but DIS+4.4%) as Yields (+1.8%) & Commodities (inc. Oil +2% & Gold) gained. Commodity currencies close to 3 yr highs. Another volatile session for BTC – 57k-49K. Facebook restores some Aussie news […]