The US equities market closed higher on Friday with investor confidence being boosted on the back of positive economic data as well as reflation hopes being led by President Biden’s stimulus package. The NASDAQ, S&P500 and Dow Jones closed +0.51%, +0.77% and +0.89% respectively. There has been a seasonal downtrend in volume and volatility withContinue reading “Indices Market Outlook 12/04/21”
The S&P has managed to eventually surpass the $4000 level amidst impressive economic data being released. The Dow Jones has also seen bullish momentum bringing it ever closer to that $34,000 psychological level with building risk appetite playing a factor. Should economic data continue to impress, this could be enough of a catalyst to triggerContinue reading “S&P500 CRACKS $4000”
The past two months in the equities market has shown a clear divergence between the tech-heavy NASDAQ and the blue chip Dow Jones. We’ve seen pandemic winners such as information technology being swapped out for cyclical names such as energy, material and the financial sector. Since the beginning of February 2021, the Dow Jones hasContinue reading “Market Outlook 29/03/2021”
In todays blog at AspireFX we are going to be covering a worldwide hot topic; the 220 000 ton mega ship, the Ever Given that’s blocking the Suez Canal. A sand storm and high winds causing a lack in visibility is said to be the reason behind this enormous vessel getting lodged into the banks ofContinue reading “SUEZ CANAL – DAYS OR WEEKS?”
Since our last article on the Dollar, we have seen the bullish push into the weekly level of 92.50, with Bulls still eyeing the 93.00 handle as the next upside target. Optimism around declining cases, reopening of the economy, vaccination rollouts & the anticipation of rate hikes have seen Bulls take hold in the firstContinue reading “Death Of The Dollar?”
US equities were treated to a week full of fundamentals as we had an FOMC meeting which could be the catalyst to send the stock market on its way to new all time highs or could be the catalyst to send tech stocks even lower. Last week saw Fed Chairman Jerome Powell come out andContinue reading “Market Outlook 22/03/21”
The Rand has maintained a certain degree of strength against the dollar amidst a week of various fundamentals resulting in the Rand managing to end the week positive. On Wednesday, SA Retail Sales data came in worse than expected at -3.5% versus the forecasted -2.7% resulting in the Rand weakening against the Greenback. Wednesday alsoContinue reading “The Rand Recovery”
Yesterday was a massive day in the markets as we saw the FOMC statement & economic projections from the Federal Reserve. Rates were left unchanged with quantitative easing also being left unchanged at $120bln . The Fed’s stance remains accommodative and there has been further reiteration that we will have future guidance well in advanceContinue reading “XAUUSD – Time to Shine?”
Simply put, trading psychology is the mental state of traders when making decisions in the market. Traders can be divided into three groups: buyers, sellers, and undecided. Buyers want to pay as little as possible, and sellers want to charge as much as possible. An essential part of becoming a successful trader is understanding andContinue reading “Trading Psychology”
Last week was quite a choppy week in US indices with huge movements to the up and downside within the Tech and Industrial sectors. We saw the Dow Jones (US30) create new all time highs as well as NASDAQ making a recovery after having quite the selloff in the week prior. We saw VIX, alsoContinue reading “Indices Weekly Market Outlook”
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