Key market performances: 23 April 2021
A quick reminder of what happened in the markets in the previous session.
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News
Dollar Down, Investors Digest ECB’s Warning Against Early Tapering Expectations
The dollar was down on Friday morning in Asia, caged into a narrow trading range as investors await a U.S. Federal Reserve meeting in the following week.
Economic Calendar for today
Real Time Economic Calendar provided by Investing.com. Real Time Economic Calendar provided by Investing.com.
Gold Up Against Higher Demand Following Biden’s Tax Hike Proposal
Gold was up on Friday morning in Asia and was set to record a third consecutive weekly gain, as the dollar weakened and U.S. Treasury yields fell.
Oil edges higher on U.S., Europe demand hopes
Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India’s…
U.S. stock sink on reports of Biden tax proposals
U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, but analysts said the news was an excuse to take profits in…
Asian markets shake off U.S. tax worries to push higher
Asian shares rose on Friday after the European Central Bank left policy unchanged, extending a rebound following a sharp selloff earlier in the week, but gains were capped as investors…
Unum Capital Media Commentary: Bloomberg Terminal – Clicks Group (22 April 2021)
(Bloomberg) — Clicks retreats for a second day, down asmuch as 3.3% to the lowest intraday level since early December,as the retailer’s first-half earnings report disappointedinvestors, says Lester Davids, an…
More news on the Absa CEO saga.
More news on the Absa CEO saga. It looks like my bold assumption (yesterday) was just about right. Insiders claiming that Daniel Mminele and the board and especially Wendy Lucas-Bull…
Dollar Down Ahead of ECB Policy Decision, Falling U.S. Treasury Yields
The dollar was down on Thursday morning in Asia, remaining near multi-week lows as falling gains in U.S. Treasury yields diminished the safe-haven U.S. currency’s interest-rate advantage.
Gold Up Over Falling Dollar, U.S. Treasury Yields
Gold was up on Thursday morning in Asia, sticking around an eight-week high thanks to a weaker dollar and falling U.S. Treasury yields.
Oil falls 3rd day on U.S. stock build, surging COVID-19 cases
Oil prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that…
Dow Snaps 2-Day Losing Streak as Reopening Stocks Back in Demand
The Dow rallied Wednesday, as investors resumed bets on reopening stocks, shrugging off a fresh wave of Covid-19 cases that threatens to slow the global recovery.
Asia joins global equity rebound; oil slips on COVID-19 worries
Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries about rising COVID-19 cases in…
Gold Up as Softer U.S. Treasury Yields Driving Demand
Gold was up on Wednesday morning in Asia as softer U.S. Treasury yields increased demand for the safe-haven yellow metal.
Dollar licks wounds after drop to seven-week trough amid lower U.S. yields
The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal.
Oil falls for second day as India’s COVID-19 surge to dent fuel demand
Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world’s third biggest oil importer.
Dow Dives as Rising Global Infections Dent Cyclicals; Netflix Slumps
The Dow slipped Tuesday, as rising global coronavirus cases triggered fresh jitters over global growth, prompting investors to hit pause on cyclical stocks.
Asian stocks fall as virus worries return to haunt markets
Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand…
Gold Down Over US Treasury Yields Increasing
Gold was up on Tuesday morning in Asia but slipped below a seven-week high hit during the previous session, as climbing U.S. Treasury yields overshadowed gains from a weaker dollar.
Vaccine hopes boost euro, dollar on back foot as yields off highs
The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region’s vaccination programme.
Oil prices rise on weaker dollar, likely drawdown in U.S. stocks
Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising…
Trade Alerts
Offshore Trade Alert: C3 AI (22 April 2021)
Live Price: $68.80 A recent IPO, the share has declined from it’s post-IPO peak of $183 to the recent lows of $58.80. At current levels, the stock is setting up…
Strategies
Strategy: Correlation – 23 April 2021
If there is a negative correlation between markets, it means one of the markets’ price will go up, while the other will likely drop. When you trade each of these…
Economic Calendar for today: 23 April 2021
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information…
Strategy: Relative Price Strength (JSE Shares & sectors) – 23 April 2021
➕ Financials ➕ Resources ➖ Industrials (in ranking order)
Strategy: Thoughts for the Week Ahead – 19 April 2021
Some thoughts that you need to know to start the week.
Strategy: Top-40 constituents linear regression – 19 April 2021
This analysis would allow us to see when a share is overbought (expensive or higher scorer) or oversold (cheap or lower score) and ready to revert to the mean.
Strategy Note: Global Safe-Haven Index, DXY, USDCNY, JSE Platinum & Precious Metals, SMID vs Large Caps – 17-March
Global Safe-Haven Index (SHIX) | Our custom basket of safe-haven assets continues to trend lower, with the price as per the weekly chart below the 40-week exponential moving average. While…
Strategy: Relative Price Strength (JSE Shares & sectors) – 26 February 2021
➕ Resources ➖ Financials ➖ Industrials (in ranking order)
Strategy: Correlation – 26 February 2021
If there is a negative correlation between markets, it means one of the markets’ price will go up, while the other will likely drop. When you trade each of these…
Economic Calendar for today: 26 February 2020
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information…
Strategy: Relative Price Strength (JSE Shares & sectors) – 25 February 2021
➕ Resources ➖ Financials ➖ Industrials (in ranking order)
Economic Calendar for today: 25 February 2020
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information…
Strategy: Correlation – 25 February 2021
If there is a negative correlation between markets, it means one of the markets’ price will go up, while the other will likely drop. When you trade each of these…
Strategy: Relative Price Strength (JSE Shares & sectors) – 24 February 2021
➕ Resources ➖ Financials ➖ Industrials (in ranking order)
Strategy: Correlation – 24 February 2021
If there is a negative correlation between markets, it means one of the markets’ price will go up, while the other will likely drop. When you trade each of these…
Economic Calendar for today: 24 February 2020
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information…
Strategy: Relative Price Strength (JSE Shares & sectors) – 23 February 2021
➕ Resources ➖ Industrials ➖ Financials (in ranking order)
Economic Calendar for today: 23 February 2020
The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information…
