Market Overview

1 December 2023 09:02

Lysakov Sergey

Corporate Drivers May Support a Slightly Bullish Bias

U.S. stock futures continue to edge higher, crawling through its next 4,550 points barrier for the S&P broad market indicator inch by inch this week. The bullish mood was bolstered by a share price jump of Salesforce (CRM), which is a large customer relationship management technology provider. In after-hours deals on November 29 and a pre-market trading the next day, the stock suddenly gained more than 9.2% after the company's Q3 financial report. The company announced EPS (equity per share) of $2.11 vs $2.06 expected on revenues of $8.

30 November 2023 12:14

Constantinos Anastasiou

NVIDIA Still a Guiding Light for Other Tech Businesses

Even though NVIDIA shares dropped about 4.5% compared to their record daily close above $504 on November 20, that seemed to look like a technical correction process. Meanwhile, a fundamental effect of the quarterly report, which was presented by the AI chip leader just a week ago proved the segment's solid power, which may providing a bullish reference point for other companies closely related to digital transformation of the global economy.

24 November 2023 09:06

Lysakov Sergey

How Tall Could the Pound Tree Grow?

The British Pound reached its highest since early September at 1.2567 against the U.S. Dollar on November 23. GBP/USD has a good opportunity to hold initial gains after it settles a bit, with even further strengthening may follow, as U.K. business indicators point to a growing activity in both manufacturing and service segments of the national economy. The S&P Global composite purchasing managers' index (PMI) came out at 50.1 to inch the way through the 50 watershed between growth and decline for the first time in three months. A similar release showed a 48.

21 November 2023 17:19

Constantinos Anastasiou

Oil Prices Rebound Stirred Mostly by OPEC+

Oil prices bounced to a $82-83 per barrel area for the Brent crude benchmark due to reactivated demand ahead of the Organisation of Petroleum Exporting Countries' energy ministers meeting on November 26. Sources close to Organisation cited by Reuters were saying that Saudi Arabia, Russia and their allies, a group known as OPEC+, might consider whether to make some extra oil supply cuts. OPEC+ has already reduced its total production quotas by 5.16 million bpd (barrels per day) during the last 12 months.

16 November 2023 17:09

Lysakov Sergey

Can Wall St Survive With Scarlett O'Hara's Motto?

U.S. stocks jumped above 4,500 in terms of the S&P 500 broad market barometer, supported by cooling national inflation and retail segment's earnings. Pan-European benchmark indicators echoed by three consecutive days of climbing up as well to test its one-month highs. Investors are waiting for the inflation data from the euro area that will be published on Friday. The U.S. headline inflation slowed down to 3.2% YoY from a 3.7% YoY in September, which is the first slowdown since mid-summer. On a monthly basis, prices came in flat.

14 November 2023 16:14

Constantinos Anastasiou

Boeing's Take Off On Lifting 737 MAX Halt in China

The government and aviation regulator in Beijing are reportedly considering lifting their four-year ban on Boeing's 737 MAX aircraft delivery. According to Bloomberg the U.S. president Joe Biden and the Chinese leader Xi Jinping could make it a part of a political deal between the two superpowers, as they are going to meet on the Asia-Pacific Economic Cooperation (APEC) summit. The rendezvous in the San Francisco Bay Area is scheduled on November 15.

9 November 2023 17:12

Lysakov Sergey

Disney Raises New Hopes

The Walt Disney Co market value bounced by more than 4% in pre-market trading on November 9 in the wake of the latest quarterly report. Its share price jumped after a few months of stagnation near pandemic lows when many feared extended subscriber loss. This fear grew stronger on a recent wave of price increases against growing costs related to Hollywood strike and a mixed performance in business returns. Q3 numbers revealed that there was a moderate contraction in both earnings and total revenues, but earnings fell below expectations.

7 November 2023 17:06

Constantinos Anastasiou

Markets Need Time to Re-Access Risk/Reward Priorities after a Mini-Rally

Wall Street stocks extended its bounce after weak U.S. employment data on November 3, as cooling economy signs cemented the growing market's bets on a longer rate-hike pause. The probability of keeping the Federal Reserve's (Fed) interest rates target range is unchanged for its December 13 meeting and is now exceeding 90%, according to the CME FedWatch tool. It also jumped to 67% for the period ending by March 20, 2024.

2 November 2023 17:17

Lysakov Sergey

Inflation Worries Continue to Distract the Fed

U.S. stocks were a little higher by the end of the hectic week. The U.S. Dollar index took a step back. Аll following the spirit of the Federal Reserve's (Fed) chair press conference on Wednesday's night of November 1. The central bank's decision to keep borrowing costs steady was not a surprise, as it was widely expected. However, investors thoroughly examined a statement by the Federal Open Market Committee (FOMC) to be more or less sure that a balanced approach to monetary policy is still here.

31 October 2023 17:32

Constantinos Anastasiou

Wall Street Bounce May Be Dashed by Chinese Reports and Caterpillar

Wall Street indices got a relief to bounce after two weeks of a fire sale-off. Moderate signs of the weakening pressure from the bearish camp in the markets may be temporary, coming only the day before the U.S. Federal Reserve's (Fed) policy decision. The Bank of England is also going to reveal its rate decision on the next day after the American regulator. The colleagues from the Bank of Japan kept its borrowing costs in the Yen at ultra-low levels close to zero. Their rhetoric change, concerning yield curve controls, was little. The USD/JPY went straight to the new annual highs around 151.

Market Focus

Quotes

Symbol	Bid	Ask	Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account

Chat

WebTrader

Customer Support

Phone: (+357) 22314160

Email: support@teletrade.eu
Dealing Desk

Phone: (+357) 22024154

Email: tradingdesk@teletrade.eu

This website is operated by Top Markets Solutions Ltd which is registered with the Department of Registrar of Companies and Intellectual Property of the Companies of the Republic of Cyprus as a private limited company with registration number HE272810 and is authorized by the Cyprus Securities and Exchange Commission ("CySEC") to act as a licensed Cyprus Investment Firm ("CIF") with license number 158/11. Top Markets Solutions Ltd operates in accordance with Markets in Financial Instruments Directive (MiFID).

In accordance with CySEC Circular C108, please be informed that the previous name of Top Markets Solutions Ltd was TeleTrade-DJ International Consulting Ltd.

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Top Markets Solutions Ltd ("the Company") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

The Company cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

The Company currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime. The Company does not provide its services to residents or nationals of the USA.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, The Company uses cookies in its web services. By continuing to browse this site you agree to our use of cookies.

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

This website cookies optimise user experience. By clicking "OK" you are providing your consent to our use of cookies. For more information, please read our Privacy Policy

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Market Overview

Follow us