Market-Chatter|Libertex

2021-02-19 18:23:26 S&P 500 Map
Source: Finviz Open / Comment

2021-02-19 17:48:40 It s a seasoned news..form this morning..but as we have not posted it yet

Super Dove Yellen

"We think it's very important to have a big stimulus package [that] addresses the pain this has caused - 15M Americans behind on their rent, 24M adults and 12M children who don't have enough to eat, small businesses failing," Treasury Secretary Janet Yellen told CNBC. "I think the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run." Yellen also said the White House will likely propose a second economic recovery package later this year that would include spending on longer-term investments like infrastructure, renewable energy, education, job training and research and development. The proposal would also include tax increases on corporations and wealthy Americans that would "phase in slowly over time." During his campaign, President Biden proposed raising the corporate rate to 28% from the current 21% (prior to President Trump's tax cuts in 2017, the rate was 35%). Open / Comment

2021-02-19 17:32:39 The USA session starts NOW!

Best 5 instruments to trade:

NASDAQ
DOW JONES
S&P500

EURUSD
GBPUSD

click to TRADE Open / Comment

2021-02-19 17:07:23 DOW JONES - EMAs of 50 and 200 (30 min) are very very near just now

Open YM Open / Comment

2021-02-19 15:48:58 The European markets are continuing to edge higher now today. Earlier it was a slightly less ebullient start to the final day of the week for the likes of the DAX and the FTSE 100. The move higher here comes as the US futures make further progress too. The Dow Jones future is now pricing in an opening above 31,570, but it has been higher, when notching up triple digit gains earlier. It is a similar story for the Nasdaq 100 futures too. Those have now risen above 13,700 in recent trading. All these moves come at the expense of the dollar which as noted before is a real sea change to the dynamics in place for most of last year. The Dow Jones closed yesterday at 31,493 which was a loss on the day of 119 points. It was also back above all of its short term moving averages which might prove important later on today when live trading recommences. As with Europe earlier today, the US will also release their preliminary February readings for the Purchasing manager indexes on manufacturing and services. These are not expected to change much from those seen in January, but it might be important that they also show some marked improvement Open / Comment

2021-02-19 13:45:25 Uber lost Supreme Court ruling in U.K.: now it has to treat drivers as "workers" and provide common rights like minimum wage or holiday pay.

U.K. is Uber's largest European market.

source: bloomberg.com Open / Comment

2021-02-19 13:33:25 Euro zone business activity dips again in February despite manufacturing upturn cnb.cx/3dpD6PR Open / Comment

2021-02-19 12:53:03 GBP/USD rises above 1.40 as UK service sector surprises to the upside

The latest purchasing manager index data from the UK was released a short while ago and in some respects it was really quite impressive. It did however differ quite markedly from similar data released earlier from France, Germany and the Eurozone. That is because it was the service sector reading on the PMI data that really beat market expectations. The PMI index on that had been expected to come in only modestly higher in February, from the previous reading of 39.5. The markets were expecting an increase to around 41. The actual reading was at 49.7. Quite honestly that is almost astounding and whilst still contractionary; it very nearly rose back into expansionary territory. The GBP/USD had already printed above 1.40 in advance of this release, but the news helped it edge a little higher. By all things equal this data really ought to maintain the upside momentum for the pound today. The GBP/USD has traded to as high as 1.4009 so far and it just a little bit below there now, currently at 1.3992. The markets do seem rather perplexed by the data and possibly wary as it may yet be revised lower in due course.

OPEN GBP/USD Open / Comment

2021-02-19 11:54:32 Canada vows to join Australia in an effort to make Facebook pay for news content

source: finance.yahoo.com Open / Comment

2021-02-19 11:43:18 European manufacturing beats but services disappoint

The latest French and German Purchasing manager data on Manufacturing and Services have now been revealed and the pattern was consistent in both. That is a significant increase in manufacturing, more than offsetting lower readings from the services sector. That is perhaps a very accurate barometer of the impact of lockdowns in both France and Germany. Naturally, the service sector is the most impacted by all that. Nevertheless, the gains in both country readings on manufacturing are pretty impressive and that has helped to lift the EUR/USD further above 1.21 now this morning. The UK will reveal their equivalent data at 9.30am GMT and it will be interesting to see if that replicates what has been seen in France and Germany. By all accounts it probably should. As to whether that will be the catalyst to lift the GBP/USD above 1.40 remains to be seen. Yesterday there was talk of a barrier in place at 1.40 protecting against further upside. That cannot be confirmed here, but certainly something has stood in the way of that level being breached so far. The GBP/USD is currently trading at 1.3988 Open / Comment