ForexTime

2021-03-11 11:52:08 Open / Comment

2021-03-11 11:52:08 Value stocks continues to be favoured, despite markets passing big tests
https://www.forextime.com/market-analysis/value-stocks-continues-be-favoured-despite-markets-passing-big-tests Open / Comment

2021-03-11 05:50:44 Next up on this week’s list of major market events is the European Central Bank which has a policy decision due today.

In the leadup to today’s ECB meeting, the euro has only managed to eke out a 0.1 percent advance against the US dollar so far this week, making it the smallest gainer on a week-to-date basis among G10 currencies versus the greenback. On a year-to-date basis, EURUSD has declined by more than 2%, nearly testing its 200-day simple moving average (SMA) as a support level on Monday before pulling back up.


Traders will be closely monitoring whether the world’s most-traded... Read More (https://www.forextime.com/market-analysis/euro-set-react-ecb-meeting-today) Open / Comment

2021-03-11 05:50:44 Open / Comment

2021-03-11 05:50:44 Euro set to react to ECB meeting today
https://www.forextime.com/market-analysis/euro-set-react-ecb-meeting-today Open / Comment

2021-03-10 18:31:21 Markets are quieter today after the full 360-degree about-turn in stocks, which saw bumper gains in those beaten-up companies which had been suffering this year.

As bond yields took a step lower, so we saw a reverse of the value/growth rotation with growth stocks (see Tech!) outperforming value by more than 2%.


The head-spinning day comes on the back of the strong macro outlook, which is forcing investors to reprice central banks, not least the Fed, and also growth projections.


Morgan Stanley increased its estimate for US economic growth to 7.3% from 6.5%, a pace unsurpassed... Read More (https://www.forextime.com/market-analysis/wild-day-sees-some-calm) Open / Comment

2021-03-10 18:31:21 Open / Comment

2021-03-10 18:31:20 Wild Day Sees Some Calm
https://www.forextime.com/market-analysis/wild-day-sees-some-calm Open / Comment

2021-03-10 14:06:48 If you have an appetite for volatility, then feast your eyes on Tesla.


Shares of the electric car marker closed almost 20% higher on Tuesday, their biggest single day gain since February 2020!


This development has brought bulls back into the game, halting a five-day slump that saw shares drop 21.63% before Tuesday’s rally.

Why did shares rally?


Buying sentiment towards Tesla shares was boosted by a rally in Bitcoin. Remember when Tesla announced that it bought $1.5 billion worth of bitcoin and said it would start accepting the cryptocurrency as a payment method for its... Read More (https://www.forextime.com/market-analysis/tesla-roars-back-life) Open / Comment

2021-03-10 14:06:48 Open / Comment