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Get ready for the inventory report today – August 7, 2019

Get ready for the inventory report today  - August 7, 2019

Trump’s top economic adviser, Larry Kudlow, said he still expects Chinese negotiators to come to Washington in September, but in the meantime, U.S. crude oil imports could become the latest target of the saga, according to our analysts.

Amid all the recent gloom in markets, our analysts suggest to sell the oil with target at $52.




Kiwi Surprise – August 7, 2019

Kiwi Surprise - August 7, 2019

A half-percentage-point interest-rate cut overnight sent the Kiwi dollar plunging the most in more than three years, and the Aussie fell in sympathy. Just three economists surveyed by Bloomberg had forecast a 50-basis-point cut, with the other 18 predicting 25 basis points. The central bank also signaled further easing could be possible, highlighting the worsening global growth outlook and the U.S.-China trade conflict.

Our analysts suggest selling the NZD/USD with a target at 0.6380.




Election Talk – August 5, 2019

Election Talk - August 5, 2019

Boris Johnson is flashing the cash, including on health and policing, which is fueling speculation the new British prime minister is preparing for an early general election, especially after his working majority in Parliament was cut to just one in a special election last week. That could spell even more trouble for the pound, our analysts suggests sterling will tumble to the lowest level since 1985 if the U.K. leaves the European Union without a deal.

Our analysts suggest to sell the GBP/USD. Our target for the pair is 1.2050.




Trade Wars Continue – August 5, 2019

Trade Wars Continue - August 5, 2019

U.S. President Donald Trump said Saturday that “things are going along very well with China,” just two days after his threat of tariffs on hundreds of billions of dollars in additional Chinese imports sent global stock markets tumbling. But overnight the news broke that the Chinese government had asked its state-owned enterprises to suspend imports of U.S. agricultural products, a possibly worrying sign.

Our analysts suggest to continue selling the Dow Jones (US30) and aim for target at 25750.




Follow up – Brexit Update – August 1, 2019

Follow up - Brexit Update - August 1, 2019

U.K. Prime Minister Boris Johnson looks to have gone some way to securing the working majority he’ll need to pass a Brexit deal through Parliament but would seem to have made very little progress in dealings with both the European Union and Ireland. The increased risk of a no-deal Brexit, brought about by Johnson and his government’s stance, could ultimately send an already-bruised pound down even further and could further heighten the comparisons between the U.K.’s currency and those of emerging market nations.

We’re happy to inform you that our recommendation hit the target. We hope you’ve caught this 100 pips movement. Don’t say you didn’t know!




Follow up – Trade Talks Continue – August 1, 2019

Follow up - Trade Talks Continue  - August 1, 2019

As widely expected, the Federal Reserve lowered interest rates by a quarter-point, the bank’s first cut since 2008.

We’re happy to inform you that our recommendation hit first target. We hope you’ve caught this 500 points movement. Don’t say you didn’t know!




Follow up – Trump Tweets ‘Rip Off’ – August 1, 2019

Follow up - Trump Tweets 'Rip Off' - August 1, 2019

As widely expected, the Federal Reserve lowered interest rates by a quarter-point, the bank’s first cut since 2008.

We’re happy to inform you that our recommendation hit first target. We hope you’ve caught this 450 points movement. Don’t say you didn’t know!




First Cut Since 2008 – August 1, 2019

First Cut Since 2008 - August 1, 2019

As widely expected, the Federal Reserve lowered interest rates by a quarter-point, the bank’s first cut since 2008. But the move was accompanied by a less dovish tone than expected from Chairman Jerome Powell. He said the cut was done to insure the economy against “downside risks” and didn’t signal the start of a series of reductions, in addition to saying the cut was designed to help “those left behind” in the American economy. That was seemingly not a satisfying outcome for either bond traders or President Donald Trump. The move jarred stocks, dealt a blow to emerging market assets and to gold, while leaving some countries yet further out of step with the Fed.

Our analysts suggest to continue selling the Dow Jones (US30) and aim for targets at 26350.




Trump Tweets ‘Rip Off’ – July 31, 2019

Trump Tweets 'Rip Off' -  July 31, 2019
Trump Tweets ‘Rip Off’ – July 31, 2019

The world is still awaiting confirmation of exactly how the trade talks between the U.S. and China are going, but President Donald Trump’s tweets on Tuesday appear to indicate any deal may prove elusive, as he lashed out and said China continues to “rip off” the U.S. The president may also have scored a victory in his battle with the World Trade Organization. China is defending itself with more stimulus pledges, also suggesting little optimism about a detente being reached, even if its negotiators are trying to woo their American counterparts at a landmark Shanghai hotel.

Our analysts suggest to continue selling the Dow Jones (US30) and aim for targets at 26750-26350.




Get Ready for Interest Rate Decision – July 25, 2019

Get Ready for Interest Rate Decision - July 25, 2019
Get Ready for Interest Rate Decision – July 25, 2019

It’s the main event of the week for lots of traders. The European Central Bank will announce its latest interest rate decision later, and while consensus is for no change, there’s a significant number of outside bets on a cut, and weak manufacturing data from the region on Wednesday only added fuel to the fire. The majority of economists still think today will be used by President Mario Draghi to set the stage for easing in September.

Our analysts suggest to buy the EUR/USD. Our first target for the pair is 1.1180 and second target at 1.1220.


Follow up – Brexit Update Boris Johnson’s election – July 24, 2019

Follow up - Brexit Update Boris Johnson’s election - July 24, 2019
Follow up – Brexit Update Boris Johnson’s election – July 24, 2019

Boris Johnson will pick up the keys to his new pad on Downing Street after being confirmed as U.K. prime minister at the palace later, with focus now turning to who will be in his cabinet. He spent the hours after his win was confirmed telling Tory colleagues that Britain will leave the European Union by Halloween, and there won’t be a general election. The pound is pretty much back to where it was before yesterday’s result was announced.

Analysts suggest to sell the GBP/USD following the scenario of Boris Johnson’s election. Our target for the pair is 1.2380.


Trump announced a bipartisan deal to suspend the U.S. debt ceiling – July 23, 2019

Trump announced a bipartisan deal to suspend the U.S. debt ceiling - July 23, 2019
Trump announced a bipartisan deal to suspend the U.S. debt ceiling – July 23, 2019

U.S. President Donald Trump announced a deal that requires the support of both sides of political parties to suspend the U.S. debt ceiling and boost spending levels for two years, eliminating the risk that the government could miss payments as early as September, which would have severe economic consequences and shake confidence in the government. The deal, which Trump called “a real compromise,” will likely push the annual budget deficit for the U.S. above $1 trillion next year.

Our analysts suggest to sell the Dow Jones (US30) and aim for targets at 26750-26350.


Brexit Update – July 23, 2019

Brexit Update - July 23, 2019 ubcfxinvest graph
Brexit Update – July 23, 2019 ubcfxinvest graph

Seven years after starting his political activity, Boris Johnson will almost certainly be named prime minster today, officially taking up the role tomorrow. The make-up of the hard-Brexiteer’s cabinet will likely be the main focus, with Justice Minister David Gauke echoing Chancellor of the Exchequer Philip Hammond on Monday by saying he’ll quit if Johnson does get the job as expected.

Our analysts suggest to sell the GBP/USD following the scenario of Boris Johnson’s election. Our target for the pair is 1.2380.


New tensions with Iran drive oil up again – July 22, 2019

UBCFXINVEST financial news-iran oil graph
New tensions with Iran drive oil up again – July 22, 2019

Crude futures spiked late on Friday after news that Iran had seized a British oil tanker in the Strait of Hormuz, an incident that increased friction in one of the world’s critical energy junctions. The British government threatened Iran with “serious consequences” and advised U.K. ships to avoid the area, but ministers on Sunday sought to dial down the rhetoric.

Our analysts advise to buy oil for quick gains. Possible target is $58 for WTI.


Trump Threatens Again – Dow Jones (US30) Update – July 17, 2019

rump Threatens Again -  Dow Jones -UBCFXINVEST

U.S. President Donald Trump put a halt on a five-day rally in U.S. shares after reiterating that he could slap additional tariffs on China should he want to, just as the World Trade Organization said it has reservations about how the U.S. sanctions cheap Chinese goods. That came as the International Monetary Fund warned central bankers they need to be prepared for a steeper global downturn and as Federal Reserve Chairman Jerome Powell said he stands ready to act to sustain the economic expansion in the U.S. in the face of threats such as the trade war.

Our analysts suggest to sell the Dow Jones (US30) and aim for targets at 26750-26350.

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Steven Mnuchin remarks – July 17, 2019

Steven Mnuchin remarks - UBCFXINVEST news

US Treasury Secretary Steve Menuchin said he had asked Congress to raise the government’s debt ceiling and allow the government to borrow before the congressional suspension for the summer break.

In a letter to House Speaker Nancy Pelosi, he said that according to the latest forecast, there is a scenario that the Federal Government funds will become available in early September 2019, before the congressional sessions resume. This also gives traders the chance to trade of currency CFDs.


Oil slides on mixed Chinese economic data, storm impact – July 16, 2019

Oil slides on mixed Chinese economic data

Yesterday (July 15), oil prices fell 1 percent on signs of a short-lived impact of a tropical storm in the United States on oil production on the US coast, on the Gulf of Mexico and refineries, while china’s economic data crude oil demand prospects.

Brent crude for September 2019 settlement was down 2 cents at $66.46 a barrel. The contract fell 24 cents or 0.35% to settle at $66.48 a barrel during the previous trading session.

U.S. benchmark Texas Intermediate (WTI) crude fell 63 cents, or 1.10 percent, to $59.58 a barrel.

Both crudes last week posted the biggest weekly gains in three weeks as U.S oil inventories fell and diplomatic tension soured in the Middle East.

69 percent or 1.30 million barrels per day of oil production in the Gulf of Mexico in the United States remained suspended from yesterday, down 4 percent from the day before, the bureau said.

Official data showed that Chinese crude oil consumption rose to a record high of 13.07 million barrels per day in June 2019, up 7.70 percent from a year ago after the start of operation of two large new refineries.

But China’s economic growth of only 6.20 percent on an annual basis in the second quarter of 2019 is the weakest in 27 years, highlighting the impact of trade tension with Washington and raising the potential need for more stimulus to stimulate the economy. This situation presents an opportunity for traders to profit on the oil prices.

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