Markets Update Thursday 08/08/2019 – No clear direction in America

Frankfurt – 08/08/2019 No clear direction in America The Dow Jones index dropped 0.1 per cent yesterday to around 26,007 points. The broader S&P 500 gained 0.1 per cent to 2,884 points. The composite index of the technology exchange Nasdaq rose 0.4 per cent to about 7,863 points. Analysts see hesitant investors, among other things due to the surprisingly significant …

Markets Update Tuesday 06/08/2019 -Further down it goes

Further down it goes The most important US stock markets continued to work their way into the red yesterday. After all, they ended trading slightly above their daily lows. The Dow Jones index closed 2.9 per cent lower at 25,717 points. The broader S&P 500 fell by around three per cent to 2,844 points. Both stock indices lost more than …

Markets Update Monday 05/08/2019 -The markets are bleeding

Frankfurt – 05/08/2019 USA – China ping pong continues Only last week US President Donald Trump announced new punitive tariffs on Chinese goods. But the Chinese central bank is taking Trump’s efforts ad absurdum. On Monday, the Chinese yuan slides to its lowest level for eleven and a half years. For the first time since 2008, a dollar costs more …

Futures & Forwards

Futures are financial contracts that require the buyer to purchase an asset (and the seller to sell an asset) at a specified price at a future date. Futures are also referred to as futures contracts. Futures are an excellent way for commodity companies to stabilise their prices and thus their operational and financial performance. Futures (exchange-traded) and forwards (over-the-counter) are …

What are ETFs and how to trade them

In recent years, Exchange Traded Funds have become increasingly popular as an investment product. The funds known by their abbreviation ETF do not require active management and instead track stock market indices one-to-one. The advantage of this construction: ETFs are extremely inexpensive. Products based on standard price barometers charge less than 0.3 per cent per year. This is far removed …

Non-farm payrolls (NFP) report: Definition and trading strategies

Non-agricultural payroll is a term used in the United States to refer to any job other than agricultural work, unregistered self-employment, and employment by private households, non-profit organizations, and military and intelligence services. Owners are also excluded. The U.S. Bureau of Labor Statistics publishes monthly, closely followed data on non-agricultural payroll as part of its Employment Situation Report. The total …

Markets Update Friday 02/08/2019 – Trump announcement shakes markets

Frankfurt – 02/08/2019 Trump announcement shakes markets As often, it all started with a tweet: Donald Trump announced yesterday a fresh round of 10% tariffs on the remaining $300 million of Chinese goods to the US. Immediately after the announcement, the markets went crazy. While safe-havens like gold and silver went gangbuster and rose in value sharply, US stocks fell …

Markets Update Thursday 01/08/2019 – Fed delivers interest rate cut

Frankfurt – 01/08/2019 Fed delivers interest rate cut The US Federal Reserve has delivered the expected rate cut – but nothing more. Yesterday this put heavy pressure on prices on Wall Street and Nasdaq. In Germany, the Dax must now prove itself. After the first rate cut by the US Federal Reserve in more than ten years to the new …

Major Markets Event Today: What will the Fed do?

For the first time in a decade, the Fed is heading for a rate cut. The currency watchdogs are likely to loosen the reins on Wednesday. For the financial markets, a reduction of at least a quarter-point to the then-new range of 2.0 to 2.25 per cent is set. Trade from 0.0 pips with IC Markets – Read our review …