ECB Unchanged – Markets React Negatively
ECB’s inaction clearly disappointed a few people as European stock indices dropped when the policy statement was released.
Stocks
EURUSD Forecast September 2, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle.
Non-Farm Payroll Disappoints
The U.S. economy only created new 151,000 jobs during the August vs. 180,000 jobs expected.
Next Week’s Economic Data
A look into next week’s economic data calendar
DAX – Golden Cross For German Stocks
Bad news is good news for the markets that rely on central banks’ support. And so it proved again this morning’s as the latest European data disappointed expectations, yet the major stock indices rallied as if everything was just fine.
DAX – Could Stocks Rebound Soon?
This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC’s last meeting and after some weakness in US data was observed, causing the EUR/USD to climb to its best level since 24 June.
China Securities Investor Confidence Down In July
The investor confidence index compiled by the China (FXI, quote) Securities Investor Protection Fund Corp. (SIPF) dropped from 54.9 in June to 51.6 in July.
Alibaba Q1 revenue surges 59%, best since IPO
China’s e-commerce giant Alibaba on Thursday announced revenue growth of 59 percent in the first fiscal quarter ending June, the fastest since its Initial Public Offerings.
Is Wal-mart Deal to Jet.com for $3B a ‘Desperate Move’?
Published on Aug 8, 2016 Aug. 8 — Wal-Mart Stores Inc. (WMT, quote) agreed to buy e-commerce startup Jet.com Inc. for about $3 billion in cash, giving the world’s largest retailer the resources for a stronger shopping website to compete with Amazon.com Inc., the online market leader.
EURUSD Forecast August 5, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the session on Thursday, but found enough support to turn around and form a bit of a hammer.