Market Overview

24 November 2023 09:06

Lysakov Sergey

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.

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.

24 October 2023 17:18

Constantinos Anastasiou

Broader Warnings for Stocks are Mounting

U.S. stocks had a bearish start of the week, with the Dow Jones Industrial Average (DJIA) closing at its lowest since March, below 33,000 on October 23. Later, crude prices slowly retreated when humanitarian convoys arrived in Gaza, raising hopes for diplomatic fix-up of the Middle East conflict. December Brent futures dropped to nearly $90 per barrel after two weeks of consecutive jumps on supply disruption worries. Some cheaper fuel pinned down the energy segment, so that stocks outside energy segment edged higher by mid-week.

18 October 2023 09:11

Constantinos Anastasiou

Markets Turn a Blind Eye to Growing Food and Fuel Prices

Stock market become more and more indifferent to the macroeconomic news, as soon as the autumn season of corporate reporting kicks off. The investing community seems already mindful of more than a 90% chance for the Federal Reserve (Fed) to rather keep its interest rate unchanged on November 1 meeting. It seem to be an easy choice after several Fed officials reiterated their common message of closely watching record Treasury yields, which may partially serve as a quasi-substitute for an effective rise of borrowing costs.

10 October 2023 12:46

Constantinos Anastasiou

Oil Shortage and Inflation Threat Is Increasing Amid Middle East Violence

The latest horrific outbreak of violence in an age-old Israeli-Palestinian confrontation instantly affected general market sentiment. First, it was a reset for oil and gold bulls. It also led safe haven stocks higher. The share prices of Lockheed Martin (LMT), Northrop Grumman (NOC) and L3Harris Technologies (LHX) added from 9.2% to 11.5% during the first trading session of the week and in after-hours on expectations of increased spending due to the call for supply of American weapons to the Middle East. Besides, many U.S.

6 October 2023 10:09

Lysakov Sergey

The Magnificent Seven's Shine Is Not Preventing Other Stocks From Drowning

The Magnificent Seven, including Apple, Microsoft, Tesla, Nvidia, Amazon, Google-parent Alphabet and Meta, has been responsible for over 50% of all gains in the S&P 500 broad market indicator during the first half of 2023, according to Refinitive data. These mega caps were the most significant components of the rally, which is now fading. And it seems that many investors are trying to take shelter in these assets. Tesla stocks serve as a good example of this type of attitude.

4 October 2023 10:05

Constantinos Anastasiou

U.S. Dollar Strength and a Tech Island of Hopes

A scheduled speech of the European Central Bank's (ECB) chair Christine Lagarde on Wednesday, as well as the U.S. employment and wage growth releases this Friday, may turn out to be the two decisive points for re-adjusting the magnitude and direction of the market trends in October. It has become increasingly important after an eleventh-hour deal between Republicans and Democrats in the American Congress on the weekend that delayed the U.S. government shutdown for another 45 days yet seemingly failed to provide any lasting relief amid autumn symptoms of a bearish disease on Wall Street.

21 September 2023 09:06

Lysakov Sergey

The Fed May Throw Away the Baby Growth with the Inflation Bathwater

Many market optimists had hoped that the U.S. Federal Reserve's (Fed) message on September 20 would support their faith for further upside rally on Wall Street. Instead, Fed members completed the mission to cause a drop of the S&P 500 broad indicator to the deepest point of the month. Big techs like Apple, Google and Microsoft lost between two and three percent of their value this Wednesday. The hyping AI-led NVIDIA stocks closed the day at their lowest since August correction. Even Tesla ultimately turned to the red, despite its shares prices initially gaining nearly 2.

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