EngineForex: September 2020

Friday, September 25, 2020

Markets Update Thursday 24/09/2020 – Stimulate us!

Frankfurt – 24/09/2020 Stimulate us! The financial markets returned to a cheering mood today due to the political developments in the American capital. Supportive for a renewed risk reset back to risk-on was that governments would respond to the economic slump resulting from the current crisis with new economic stimulus packages. In particular, the government in Washington is under pressure ...

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Markets Update Wednesday 23/09/2020 – Economic Woes

Frankfurt – 23/09/2020 Economic Woes The greenback is currently the big winner of the week, continuously gaining strength and therefore reflecting the current situation in the markets beautifully. Because ever more dreadful corona news and a weakening US stock market ensured that other global indices were also unable to maintain initial profits and once again fell sharply. Investors remain nervous ...

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Markets Update Tuesday 22/09/2020 – FUD Revived

Frankfurt – 22/09/20 FUD Revived Yesterday, the corona theme, in particular, had put a strain on trade. Fed Chairman Jerome Powell told a Congressional committee today that the economy remains on a “very uncertain” path and repeated his recent warnings. A full recovery could only be expected once the virus was under control, he told the House of Representatives’ Financial ...

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Markets Update Monday 21/09/2020 – Between corona and corruption

Frankfurt – 21/09/20 Between corona and corruption Several pieces of bad news have caused the stock markets to slide sharply today. Above all, the worsening of the corona crisis in Europe has caused new lockdown fears. Also, Deutsche Bank and HSBC shares, among others of the financial sector, came under heavy pressure after a devastating money laundering report was published ...

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Sunday, September 20, 2020

Markets Update Friday 18/09/2020 – Witches and corona demons

Frankfurt – 18/09/2020 Witches and corona demons Gradually, autumn comes to the stock markets, because not only the leaves on the trees in the northern hemisphere but also the prices are falling. It is getting more uncomfortable. Today, on one of these “Triple Witches’ Sabbaths” the professional investors tried to bring the courses in their desired direction. In the end, ...

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Friday, September 18, 2020

Singapore Stock Exchange Introduces Crypto-Indices

Singapore’s Monetary Authority has announced a catalogue of new laws that could have a significant impact on the crypto trade in the island and city-state. Nevertheless, the Singapore Stock Exchange (SGX) has now included two crypto-indices in its offering to prepare itself for the continuous digitalization. In Singapore, crypto exchanges and trading in digital assets are generally permitted, but these ...

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Markets Update Thursday 17/09/2020 – The day after the Fed

Frankfurt – 17/09/20 The day after the Fed Without the hoped-for further impulses from the US Federal Reserve, most global markets trended in negative territory on Thursday. Although the Fed had confirmed longer-term zero interest rates the previous evening, it had not taken any further decisions to relax monetary policy. Like the US Federal Reserve, the Bank of Japan intends ...

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Thursday, September 17, 2020

Markets Update Wednesday 16/09/2020 – Fed Blow

Frankfurt – 16/09/20 Fed Blow As expected, the US Federal Reserve left its key interest rate for supplying the banks with money in a range between zero and 0.25 per cent. The market was also eagerly awaiting further statements and signals from Chairman Jerome Powell. However, Powell disappointed the market across the board and, following two days of deliberations, also ...

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Markets Update Tuesday 15/09/2020 – Anticipating the Fed

Frankfurt – 15/09/20 Anticipating the Fed The economy is apparently on the verge of a strong recovery in the current third quarter. However, this did not inspire investors much today. Instead, they continue to look at the US Federal Reserve and its interest rate meeting. How things will continue on the stock markets, therefore, depends crucially on the Fed’s interest ...

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Markets Update Monday 14/09/2020 – Oh Britain…

Frankfurt – 14/09/20 Oh Britain… Not only the again increasing corona case numbers, but also the unspeakable Brexit discussion weighed on the stock markets, especially the European ones, today. British parliamentarians are currently debating the Internal Market Act, which is controversial even within the governing party and with which Prime Minister Boris Johnson wants to undermine parts of the divorce ...

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Markets Update Friday 11/09/2020 – Hard Brexit Looming

Frankfurt – 11/09/2020 Hard Brexit Looming It was a reasonably quiet last trading day of the week, and there was little momentum or trading signals to influence the markets and various asset classes. However, investors are increasingly nervous about the tough stance taken by the British government, which wants to cancel out the Brexit contract partially. The stalled situation makes ...

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Friday, September 11, 2020

Markets Update Thursday 10/09/2020 – ECB remains calm

Frankfurt – 10/09/2020 ECB remains calm After yesterday’s strong rally, the stock markets took a breather today. The ECB meeting was eagerly awaited but came without major surprises or further positive signals. Given the economic recovery now underway in the eurozone, central bank president Christine Lagarde will wait and see. The corona-induced recession in the euro \zone will be somewhat ...

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Markets Update Wednesday 09/09/2020 – More optimism, please!

Frankfurt – 09/09/20 More optimism, please! Good sentiment on the stock markets today was caused, among other things, by a report from the Bloomberg agency according to which the economists of the European Central Bank (ECB) are more optimistic about the further economic development of the eurozone than before. However, the central bank is likely to raise its forecasts for ...

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Markets Update Tuesday 08/09/2020

US Markets at a glance After the long weekend, investors in the USA once again took flight. The Dow Jones lost 2.25 per cent to 27,501.42 points in the course of trading. Tech stocks suffered a massive downturn: the NASDAQ Composite index fell massively and closed at 10,847.69 points, down 4.11 per cent. After the US trade was suspended on ...

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Markets Update Monday 07/09/2020 – Monday Blues

Frankfurt- 07/09/20 Monday Blues As usual, when the US markets are closed, the equity markets around the globe move pretty slow as many major drivers and market players are missing. Nevertheless, the Dax 30 rose significantly in this country, but how sustainable this recovery will be will become apparent later in the week. Tomorrow Wall Street will open again after ...

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Tuesday, September 8, 2020

Markets Update Friday 04/09/2020 – Another slap in the face

Frankfurt – 04/09/20 Another slap in the face Those who had expected bargain hunters to take advantage of Thursday’s correction to enter the stock market got disappointed today, as the correction continued further. The next sell-off in many equities was again triggered by heavy price losses in some of the leading US tech stocks. The Nasdaq 100 selection index at ...

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Markets Update Thursday 03/09/2020 – Sudden change of heart

Frankfurt – 03/09/20 Sudden change of heart In the morning, the stock markets still looked friendly, and the various indices continued to rise as they did in the previous trading days. But in the afternoon, the mood suddenly changed, and a sharp sell-off triggered some heavy price drops. Tech stocks such as Apple, Amazon, Microsoft and Tesla came under particularly ...

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Markets Update Wednesday 02/09/2020 – One Direction

Frankfurt – 02/09/20 One Direction The scenario of the stock exchange bulls is still unchanged, and hope and faith are all the stronger. They continue to rely on a rapid recovery of the economy after the Corona crisis, with the many trillions in liquidity provided by governments and central banks. US Markets at a glance Investors on the US stock ...

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Thursday, September 3, 2020

Markets Update Tuesday 01/09/2020 – Higher and Higher

Frankfurt – 01/09/20 Higher and Higher Golden autumn on the stock markets? September, which is considered the worst stock market month of the year, seamlessly followed on from the strong August. At least on the US stock markets. According to analysts, the Nasdaq has the strongest month of August since 2000 behind it. The leading index Dow and the broad-based ...

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Markets Update Monday 31/08/2020 – Monday Blues

Frankfurt – 31/08/20 Monday Blues All in all, it was a rather quiet trading day today, partly because there was no trading at the important financial centre in London due to a public holiday – and so some investors stayed away from the market. In New York on Monday, the technology shares around Apple, Tesla & Co. set new records ...

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Markets Update Friday 28/08/2020 – The day after

Frankfurt – 28/08/20 The day after With the Fed’s promise of another massive flood of cheap money, equities remain very attractive despite the many uncertainties. Also, suspected progress in the race to develop treatments and vaccines in the fight against Covid-19 continued to cheer investors up. For example, the pharmaceutical company Johnson & Johnson plans to test a possible corona ...

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