EngineForex: March 2021

Tuesday, March 23, 2021

Markets Update Monday 22/03/2021 – Stock Market Denials

Frankfurt – 22/03/2021 Stock Market Denials At the beginning of the week, the drastic losses of the Turkish lira caused uncertainty among investors. In trading with the American dollar, the lira lost more than 15 per cent of its value at times. One dollar was traded for more than 7.93 lira at its peak, but the losses had eased somewhat ...

from Engine Forex https://engineforex.com/markets-update-monday-22-03-2021-stock-market-denials/
via https://engineforex.com

Stock Take 19/03/2021

Infineon expects massive sales losses Chip manufacturer Infineon is ramping up its production capacities in Austin, Texas, again. As of June, the original quantities should be reached again, the company announced on Friday in Neubiberg near Munich. Infineon had had to shut down the plant due to a severe winter storm in mid-February. “Based on current knowledge, we assume that ...

from Engine Forex https://engineforex.com/stock-take-19-03-2021/
via https://engineforex.com

Stock Take 17/03/2021

Plug Power share slumps US hydrogen expert Plug Power has bad news for its shareholders: the company has to correct several annual financial statements after an auditor discovered the financial reports’ errors. Plug Power announced that the independent auditing firm KPMG had uncovered irregularities in the hydrogen company’s financial statements. Specifically, the company said that accounting errors had been identified ...

from Engine Forex https://engineforex.com/stock-take-17-03-2021/
via https://engineforex.com

Markets Update Friday 19/03/2021 – Real Waves?

Frankfurt – 19/03/2021 Real Waves? The rise in bond yields again caused headaches for investors today. The benchmark ten-year US bonds were quoted at 1.744 per cent, only slightly below their 14-month high on Thursday. In recent weeks, the rise in yields had fueled speculation of early interest rate hikes and unsettled the stock markets. The background to the fears ...

from Engine Forex https://engineforex.com/markets-update-friday-19-03-2021-real-waves/
via https://engineforex.com

Markets Update Thursday 18/03/2021 – The High and the Low

Frankfurt – 18/03/2021 The High and the Low While the stock market party continued in many places after yesterday’s Fed meeting and some indices celebrated new record highs, there was already disillusionment in the USA. Investors’ joy over more cheap central bank money fizzled out as bond yields rose again. Once again, technology stocks, in particular, were hit hard, pushing ...

from Engine Forex https://engineforex.com/markets-update-thursday-18-03-2021-the-high-and-the-low/
via https://engineforex.com

Markets Update Wednesday 17/03/2021 – Fed Boost

Frankfurt – 17/03/2021 Fed Boost Despite an improving economy, a turnaround in interest rates is out of the US Federal Reserve question. The Fed kept the interest at the low number of 0.25 per cent. All major American stock indices turned positive after the Federal Reserve’s eagerly awaited decision on interest rates was released. Trade with the Top NFA Regulated ...

from Engine Forex https://engineforex.com/markets-update-wednesday-17-03-2021-fed-boost/
via https://engineforex.com

Wednesday, March 17, 2021

Stock Take 16/03/2021

Barrick Gold boss bullish for gold After being in a downward trend for months, the gold price was recently able to stage a slight recovery. Barrick Gold CEO Mark Bristow is now optimistic and expects a further rise in the shiny precious metal price. Since the beginning of August last year, the gold price had been in a downward trend. ...

from Engine Forex https://engineforex.com/stock-take-16-03-2021/
via https://engineforex.com

Markets Update Tuesday 16/03/2021 – Hakuna Matata

Frankfurt – 16/03/2021 Hakuna Matata The belief in the tremendous economic upswing after the pandemic currently overrides all worries, fears and antithesis. Investors are jumping at the chance and driving the markets to dizzying heights. But is this all a grand illusion? A delusion that everything is better than it really is? Neither new corona waves and lockdowns nor the ...

from Engine Forex https://engineforex.com/markets-update-tuesday-16-03-2021-hakuna-matata/
via https://engineforex.com

Markets Update Monday 15/03/2021 – Monday

Frankfurt – 15/03/2021 Monday Stock market participants kept their feet largely still and their powder dry this Monday. This week, the US Federal Reserve (Fed) is scheduled to meet once again, which often slows the markets down somewhat beforehand. Fears of a rise in inflation had recently pushed up US bonds’ yields with longer maturities, which is currently dampening investors’ ...

from Engine Forex https://engineforex.com/markets-update-monday-15-03-2021-monday/
via https://engineforex.com

Sunday, March 14, 2021

Stock Take 12/03/2021

Shutterfly’s return to the stock exchange? The US photo service provider Shutterfly seems to be heading back to the stock exchange. However, according to reports, it is not opting for a classic IPO but is joining the growing number of companies using the shortcut of a SPAC to do so. Shutterfly Inc. is apparently in talks to go public via ...

from Engine Forex https://engineforex.com/stock-take-12-03-2021/
via https://engineforex.com

Markets Update Friday 12/03/2021 – Lightyears Apart

Frankfurt – 12/03/2021 Lightyears Apart That’s how quickly things can change in the financial markets: One year ago today, the fastest stock market crash in history began. For example, Germany’s leading index, the DAX, plummeted by over 12 per cent on 12 March 2020. It was the second-largest daily loss in its history. But this historic crash has long been ...

from Engine Forex https://engineforex.com/markets-update-friday-12-03-2021-lightyears-apart/
via https://engineforex.com

Friday, March 12, 2021

Stock Take 11/03/2021

Coupang starts with a bang! The South Korean online mail-order company went public on the New York Stock Exchange on Thursday, eclipsing even the initial public offering of the dating app Bumble a few weeks ago. The initial price of Coupang shares on the NYSE was 61.50 US dollars and was 81 per cent above the issue price of 35 ...

from Engine Forex https://engineforex.com/stock-take-11-03-2021/
via https://engineforex.com

Markets Update Thursday 11/03/2021 – Lagarde boosts stock markets

Frankfurt – 11/03/2021 Lagarde boosts stock markets After an initially subdued start to trading, ECB chief Christine Lagarde breathed more dynamism into the afternoon market. The stock market well-received, especially her statement that the ECB’s bond purchases in the second quarter would be significantly higher than in the first. This tends to mean more money for the capital market and ...

from Engine Forex https://engineforex.com/markets-update-thursday-11-03-2021-lagarde-boosts-stock-markets/
via https://engineforex.com

Markets Update Wednesday 10/03/2021 – Party on Vaccines

Frankfurt – 10/03/2021 Party on Vaccines The stock market bulls are back and today lifted both the Dow Jones and the DAX here in Germany to new record highs. The bull market’s background is investors’ hopes for a robust economic upswing after the corona crisis has been overcome. Above all, an emerging, more vigorous vaccination tempo is generating a lot ...

from Engine Forex https://engineforex.com/markets-update-wednesday-10-03-2021-party-on-vaccines/
via https://engineforex.com

Stock Take 09/03/2021

Disney+ breaks the 100 million paid subscriptions mark The streaming service of US entertainment giant Disney has passed the 100 million paying subscriber mark. Chief executive Bob Chapek spoke of a “tremendous success” at Tuesday’s virtual shareholder meeting – saying Disney+ had reached the milestone in just around 16 months. The online video service had launched in the US in ...

from Engine Forex https://engineforex.com/stock-take-09-03-2021/
via https://engineforex.com

Markets Update Tuesday 09/03/2021 – Techno Day

Frankfurt – 09/03/2021 Techno Day Falling bond yields and economic optimism have boosted stock markets around the world today. After days of pressure, technology stocks also made significant gains today. There were veritable price fireworks on the Nasdaq in New York with a price jump of over 4 per cent for the index as a whole. Tesla shares were in ...

from Engine Forex https://engineforex.com/markets-update-tuesday-09-03-2021-techno-day/
via https://engineforex.com

Tuesday, March 9, 2021

Markets Update Monday 08/03/2021 – Billion-dollar Party

Frankfurt – 08/03/2021 Billion-dollar Party The new trading week kicked off with a bang. Surprisingly, investors celebrated the passage of the $1.9 trillion US American stimulus package in Congress at the weekend. Why some traders remain very skeptical is the fact that everything else is faded out, and in the end, everything came out of the aid package as it ...

from Engine Forex https://engineforex.com/markets-update-monday-08-03-2021-billion-dollar-party/
via https://engineforex.com

Sunday, March 7, 2021

Introduction to Bitcoin & Cryptocurrencies

A cryptocurrency, to put it as simple as possible, is a form of digital money that can be used to transfer value in a digital environment. You may be wondering how it differs from payment systems such as PayPal or the digital banking app you may have on your phone. They certainly seem to serve the same use cases on ...

from Engine Forex https://engineforex.com/introduction-to-bitcoin-cryptocurrencies/
via https://engineforex.com

Saturday, March 6, 2021

2nd Wave of the Green Revolution

More and more states in the USA are legalising the use of cannabis, and other countries are also negotiating the potential legalisation of “weed”. The trend around the plant is boosting individual stocks from the industry, which is characterised by mergers and acquisitions and ETFs that track the sector. After shares shorted in the Reddit community “WallStreetBets” in January, such ...

from Engine Forex https://engineforex.com/2nd-wave-of-the-green-revolution/
via https://engineforex.com

Stock Take 04/03/2021

Slack not slacking Slack’s office communication service benefited in the fourth quarter from the increasing home office trend due to the corona restrictions. Revenues were 250.6 million US dollars, compared to 181.9 million US dollars in the previous year’s final quarter. Earnings per share were put at 0.01 US dollars – a year ago; the books still showed a minus ...

from Engine Forex https://engineforex.com/stock-take-04-03-2021/
via https://engineforex.com

Stock Take 02/03/2021

NIO share heavy Tesla competitor NIO disclosed its figures for the fourth quarter of 2020 on Tuesday night. A loss per share of CNY 1.05 was reported, while analysts had expected a discount per share of CNY 0.388. In the same quarter last year, the company reported a loss of CNY 2.810 per share. Sales rose to CNY 6.64 billion ...

from Engine Forex https://engineforex.com/stock-take-02-03-2021/
via https://engineforex.com

Markets Update Friday 05/03/2021 – A Turbulent Week

Frankfurt – 05/03/2021 A Turbulent Week For a long time this trading week, investors were torn between economic hope and interest rate fear. In the end, hope prevailed, at least in the USA, and Wall Street closed clearly up after a rollercoaster ride. The weekly balance sheet, therefore, no longer looks quite so bleak. At the same time, positive job ...

from Engine Forex https://engineforex.com/markets-update-friday-05-03-2021-a-turbulent-week/
via https://engineforex.com

Market Update Thursday 04/03/2021 – Fed-Chief sends markets south

Frankfurt – 04/03/2021 Fed-Chief sends markets south Share prices continued to plummet after Fed Chairman Jerome Powell’s speech. The US central bank chief said at an online event of the “Wall Street Journal” that prices could also be expected to rise with an upswing in the labour market. But it would most likely remain a one-off effect in the wake ...

from Engine Forex https://engineforex.com/market-update-thursday-04-03-2021-fed-chief-sends-markets-south/
via https://engineforex.com

Markets Update Wednesday 03/03/2021 – Interest rate concerns

Frankfurt – 03/03/2021 Interest rate concerns It was not only the corona theme that dominated the stock markets once again today. Both here in Germany and the USA, bond yields rose again and put a spanner in the stock market bulls’ works. The yield on the benchmark ten-year US government bonds rose to 1.481 per cent. A rise to more ...

from Engine Forex https://engineforex.com/markets-update-wednesday-03-03-2021-interest-rate-concerns/
via https://engineforex.com

Markets Update Tuesday 02/03/2021 – Bubble

Frankfurt – 02/03/2021 Bubble A man named Guo Shuqing dampened the good mood on the stock markets on Tuesday. Shuqing is the top stock market supervisor in China and certainly has something to say in the financial world. The head of the China Banking and Insurance Regulatory Commission warned that the high prices on Wall Street and the European financial ...

from Engine Forex https://engineforex.com/markets-update-tuesday-02-03-2021-bubble/
via https://engineforex.com

Markets Update Monday 01/03/2021 – Trillions

Frankfurt – 01/03/2021 Trillions After the previous week’s losses, prices on Wall Street and many other stock exchanges rose significantly again today. Especially US investors, who had recently been somewhat sceptical, returned to the market more confident at the start of the week. They gave all the major stock indices significant price gains. The market particularly welcomed the fact that ...

from Engine Forex https://engineforex.com/markets-update-monday-01-03-2021-trillions/
via https://engineforex.com

Tuesday, March 2, 2021

Heavy Metals – Which precious metals will rock our world in 2021?

The turbulent stock market year 2020 brought decent profits for investors in precious metals. And experts still see plenty of room for improvement in the precious metals market in 2021. The price of gold has risen by around 25 per cent due to the uncertainties both in connection with the corona crisis in 2020 and the central banks’ monetary glut ...

from Engine Forex https://engineforex.com/heavy-metals-which-precious-metals-will-rock-our-world-in-2021/
via https://engineforex.com

Monday, March 1, 2021

Markets Update Friday 26/02/2021 – Puzzle Pieces

Frankfurt – 26/02/2021 Puzzle Pieces The stock markets have had a week full of ups and downs. Rising yields on the US bond market already drove prices on the US stock exchanges into the red the previous day. Now the sentiment became more noticeable on other international stock markets. Central banks argue that higher interest rates are an expression of ...

from Engine Forex https://engineforex.com/markets-update-friday-26-02-2021-puzzle-pieces/
via https://engineforex.com

Markets Update Thursday 25/02/2021 – Rising Fears

Frankfurt – 25/02/2021 Rising Fears Rising yields have again slowed down the stock market today. Investors were nervous because it remained unclear where the market was heading after the past weeks’ sideways movement. On Thursday, the interest rate for ten-year government bonds climbed to 1.47 per cent. The rise in capital market interest rates seems to be unstoppable at the ...

from Engine Forex https://engineforex.com/markets-update-thursday-25-02-2021-rising-fears/
via https://engineforex.com

Markets Update Wednesday 24/02/2021 – Back to Good

Frankfurt – 24/02/2021 Back to Good After a brief period of weakness, Wall Street is back to chasing records. Jerome Powell, the US Federal Reserve head, dampened inflation concerns and boosted the stock markets in his speech a day earlier. In recent days, the hotly traded technology stocks have come under increasing pressure. Some experts are already talking about a ...

from Engine Forex https://engineforex.com/markets-update-wednesday-24-02-2021-back-to-good/
via https://engineforex.com

Markets Update Tuesday 23/02/2021 – Bond Yields Rising

Frankfurt – 23/02/2021 Bond Yields Rising On the international stock exchanges, investors currently have to deal with new interest rate and corona fears. Rising bond yields and the Damocles sword of a potential third corona wave now weigh on the stock market. Investors took profits in this gloomy environment after the market had recently performed very well. In the end, ...

from Engine Forex https://engineforex.com/markets-update-tuesday-23-02-2021-bond-yields-rising/
via https://engineforex.com