EngineForex: May 2021

Monday, May 31, 2021

The Wyckoff Method – Introduction

Richard Wyckoff is known mainly because he developed a method for trading in the stock and bond markets in the early and mid-20th century that still works amazingly well today. His approach is rooted in the laws of supply and demand and uses price charts and volume studies to analyse and predict market activity. Much of Wyckoff’s work was inspired ...

from Engine Forex https://engineforex.com/the-wyckoff-method-introduction/
via https://engineforex.com

Markets Update Friday 28/05/2021 – Data Flood

Frankfurt – 28/05/2021 Data Flood Today’s trading day was jam-packed with economic data. Overall, the data was mixed but primarily pointed to a robust economic recovery. Additionally, US President Joe Biden presented the first full budget proposal of his term in office this evening, with a scope of six trillion dollars. The plan published on Friday foresees an increase in ...

from Engine Forex https://engineforex.com/markets-update-friday-28-05-2021-data-flood/
via https://engineforex.com

Stock Take 27/05/2021

Boeing pays millions to settle the dispute Boeing has agreed to pay a million-dollar fine for overproduction problems with 737 aircraft. In the settlement agreed with the US Federal Aviation Administration (FAA), the US aircraft manufacturer will pay US$17 million, according to a statement. The settlement relates to problems in the aircraft’s manufacturing from 2015 to 2019, adding that Boeing ...

from Engine Forex https://engineforex.com/stock-take-27-05-2021/
via https://engineforex.com

Markets Update Thursday 27/05/2021 – Ambivalence

Frankfurt – 27/05/2021 Ambivalence Even further signs of economic recovery are not leading to leaps of joy on Wall Street at the moment. Investors remain cautious, as the data seem to be both a curse and a blessing. The current agony on the stock market seems paradoxical at first glance. After all, the stock market is drowning in liquidity like ...

from Engine Forex https://engineforex.com/markets-update-thursday-27-05-2021-ambivalence/
via https://engineforex.com

Markets Update Wednesday 26/05/2021 – Central Banker Calming Effect

Frankfurt – 26/05/2021 Central Banker Calming Effect In the USA, the spectre of inflation continues. Still, the leading US central bankers have recently spoken out predominantly in favour of continuing the Federal Reserve’s ultra-loose monetary policy. This had a calming effect on the market and today again supported technology stocks in particular. Thus, there seems to be no immediate threat ...

from Engine Forex https://engineforex.com/markets-update-wednesday-26-05-2021-central-banker-calming-effect/
via https://engineforex.com

Stock Take 26/05/2021

Amazon buys MGM film studios The leading global online retailer Amazon is looking to strengthen its entertainment business with the billion-dollar acquisition of Metro-Goldwyn-Mayer (MGM) film studios. The purchase price amounts to 8.45 billion US dollars, according to a statement on Wednesday. There was recent speculation in the media about such a deal, which would help the internet giant’s streaming ...

from Engine Forex https://engineforex.com/stock-take-26-05-2021/
via https://engineforex.com

Markets Update Tuesday 25/05/2021 – Undecided

Frankfurt – 25/05/2021 Undecided Among other things, investors were encouraged by the Fed’s renewed commitment to its ultra-loose monetary policy. Director Lael Brainard also repeated the Fed’s mantra that the current rise in inflation is temporary. “However, this is a cat-and-mouse game,” warned Giles Coghlan, a chief foreign exchange analyst at broker house HYCM. As a downer came then the ...

from Engine Forex https://engineforex.com/markets-update-tuesday-25-05-2021-undecided/
via https://engineforex.com

Stock Take 25/05/2021

Is VW selling Lamborghini? According to a media report, Volkswagen has received a billion euro bid for its sports car subsidiary Lamborghini. The Quantum Group, together with the London investment firm Centricus Asset Management, had submitted an initial offer of 7.5 billion euros, the magazine “Autocar” reported on Tuesday, citing purchase documents. Both VW boss Herbert Diess and Audi boss ...

from Engine Forex https://engineforex.com/stock-take-25-05-2021/
via https://engineforex.com

Tuesday, May 25, 2021

Markets Update Monday 24/05/2021 – Jawnfest

Frankfurt – 24/05/2021 Jawnfest Trading volume was below average at the start of the week, as some European markets, such as Frankfurt, do not open again until Tuesday after the Whitsun weekend. Impulses for one direction or the other were therefore rather weak. In Asia, the main markets had closed little changed on Monday and with different signs. Market-moving news ...

from Engine Forex https://engineforex.com/markets-update-monday-24-05-2021-jawnfest/
via https://engineforex.com

Stock Take 21/05/2021

Ford shares jump South Korean car battery maker SK Innovation (SKI) is looking to expand its production capacity in the US in partnership with carmaker Ford. The two companies stated they signed an agreement in the US on Thursday to establish a billion-dollar joint venture to produce battery cells and related equipment. The joint venture is to be called Blue ...

from Engine Forex https://engineforex.com/stock-take-21-05-2021/
via https://engineforex.com

Markets Update Friday 21/05/2021 – Dilemma

Frankfurt – 21/05/2021 Dilemma In the USA and Europe, there are increasing signs of a strong economic upswing in the summer. This led to a conciliatory end to the week on the stock markets. Despite, or perhaps because of, the massive economic upswing, investors are currently in a quandary. The stronger the economy recovers, the greater the danger of inflation. ...

from Engine Forex https://engineforex.com/markets-update-friday-21-05-2021-dilemma/
via https://engineforex.com

Sunday, May 23, 2021

Stock Take 20/05/2021

Oatly share ends the first trading day with significant gains The Swedish oat milk producer Oatly has celebrated a strong debut on the stock exchange floor. The share of the Swedish oat milk producer Oatly was highly sought after among investors on its first day of trading: the first price was recorded at 22.12 US dollars on the US tech ...

from Engine Forex https://engineforex.com/stock-take-20-05-2021/
via https://engineforex.com

Saturday, May 22, 2021

Markets Update Thursday 20/05/2021 – Recovery

Frankfurt – 20/05/2021 Recovery After the losses of the previous days, buying interest reappeared today at a reduced level. With the minutes of its most recent consultations published on Wednesday, the US Federal Reserve had opened the door for a reduction in its securities purchases. However, this was not a departure from the ultra-loose monetary policy. Nevertheless, inflation fears remain ...

from Engine Forex https://engineforex.com/markets-update-thursday-20-05-2021-recovery/
via https://engineforex.com

Thursday, May 20, 2021

Stock Take 19/05/2021

Porsche with profit boost The recovery in the automobile markets and especially at the Volkswagen Group has also ensured rising profits at the holding company Porsche Automobil Holding SE. In the first quarter, the holding company, which is controlled by the Porsche and Piëch families, recorded a net profit of 995 million euro, as the MDAX-listed company announced in Stuttgart ...

from Engine Forex https://engineforex.com/stock-take-19-05-2021/
via https://engineforex.com

Markets Update Wednesday 19/05/2021 – Liquidation

Frankfurt – 19/05/2021 Liquidation Inflation concerns and the fierce ride of Bitcoin have caused strong downward pressure on Wall Street today. However, after the eagerly awaited Fed minutes, the market limited losses. Nevertheless, investors watched in horror as bitcoin, and with it, all altcoins plummeted quickly and dramatically. Many investors and margin traders were forced out of their crypto-long positions. ...

from Engine Forex https://engineforex.com/markets-update-wednesday-19-05-2021-liquidation/
via https://engineforex.com

Stock Take 18/05/2021

Oatly applies for IPO Oatly is a Swedish company that specialises in the development and production of milk substitutes without soy. The oat drinks that adorn themselves with the slogan “Wow no cow” are particularly well-known, but vegan alternatives for yoghurts, cream cheese and ice cream are also part of the Swedes’ product range. Rickard Öste and Skånska Lantmännen founded ...

from Engine Forex https://engineforex.com/stock-take-18-05-2021/
via https://engineforex.com

Markets Update Tuesday 18/05/2021 – Minutes

Frankfurt – 18/05/2021 Minutes Positive corporate balance sheets, especially from Walmart, could only temporarily cheer the markets today. Meanwhile, the spectre of inflation continues to haunt investors’ minds and is more present than ever. Against this backdrop, stock exchange traders eagerly await the publication of the latest Fed minutes on Wednesday, known in the jargon as “meeting minutes”. They allow ...

from Engine Forex https://engineforex.com/markets-update-tuesday-18-05-2021-minutes/
via https://engineforex.com

Stock Take 14/05/2021

Aurora Cannabis still deep in red Cannabis company Aurora Cannabis has reported on its business performance in its third fiscal quarter. Once again, Aurora Cannabis posted a net loss, with adjusted EBITDA coming in at CAD -24 million. This was worse than expected on the earnings side; analysts’ estimates for adjusted EBITDA had been CAD -8.4 million, compared to a ...

from Engine Forex https://engineforex.com/stock-take-14-05-2021/
via https://engineforex.com

Tuesday, May 18, 2021

Stock Take 17/05/2021

Megafusion around HBO and Warner Bros. Hollywood studio Warner Bros. and TV channels such as HBO and CNN are coming under one umbrella with channels such as Eurosport to better compete with streaming heavyweights Netflix and Disney. The telecommunications giant AT&T is splitting off its WarnerMedia division and merging it with the TV company Discovery. AT&T is to benefit from ...

from Engine Forex https://engineforex.com/stock-take-17-05-2021/
via https://engineforex.com

Markets Update Monday 17/05/2021 – Inflated. Corona. Fears.

Frankfurt – 17/05/2021 Inflated. Corona. Fears. On Wall Street, the markets went into reverse at the beginning of the trading week. Inflation fears remained persistent and came to the fore once again today. This also weighed on markets such as the European stock markets on Monday. Investors feared that the US Federal Reserve could raise interest rates sooner than expected ...

from Engine Forex https://engineforex.com/markets-update-monday-17-05-2021-inflated-corona-fears/
via https://engineforex.com

Markets Update Friday 14/05/2021 – Ease

Frankfurt – 14/05/2021 Ease The situation on the financial and international stock markets eased considerably on Friday. Due to easing inflation concerns, stock markets on Wall Street, Europe and elsewhere recovered and ended a turbulent week on a conciliatory note. Apparently, the inflation fears were exaggerated after all. After the US Federal Reserve reaffirmed that the high inflation was only ...

from Engine Forex https://engineforex.com/markets-update-friday-14-05-2021-ease/
via https://engineforex.com

Friday, May 14, 2021

Stock Take 11/05/2021

Ethereum’s Record Hunt The second-largest cryptocurrency and best known smart contracts platform, Ethereum (ETH), is rushing from one record high to another record high. It broke the $4,000 mark just two days ago and continues to march forward towards $5,000. The Ether price rose to a record level of 4,140 US dollars on Monday. The round mark of 4,000 dollars ...

from Engine Forex https://engineforex.com/stock-take-11-05-2021/
via https://engineforex.com

Markets Update Thursday 13/05/2021 – No Need to Worry

Frankfurt – 13/05/2021 No Need to Worry After yesterday’s slide, Wall Street recovered strongly today. Among other things, good economic data from the US labour market made investors optimistic. On Wednesday, the unexpectedly strong increase in US consumer prices by more than four percent sent the US stock markets into a tailspin. Investors fear that the price pressure could stall ...

from Engine Forex https://engineforex.com/markets-update-thursday-13-05-2021-no-need-to-worry/
via https://engineforex.com

Stock Take 13/05/2021

Disney with light and shadow The entertainment company Walt Disney made significantly more profit in the second quarter than analysts had expected. However, the success was unevenly distributed. While the turnover of the theme parks developed more than twice as strong as expected, the streaming service Disney+ remained below the forecasts. The latter also caused the share to sink in ...

from Engine Forex https://engineforex.com/stock-take-13-05-2021/
via https://engineforex.com

Stock Take 12/05/2021

Jeff Bezos sells more Amazon shares Amazon CEO Jeff Bezos has sold more Amazon shares and has now already monetised shares worth 6.7 billion dollars in May. In total, Bezos divested himself of around two million shares in his group in recent days, documents from the US Securities and Exchange Commission (SEC) show. The sales took place in three tranches ...

from Engine Forex https://engineforex.com/stock-take-12-05-2021/
via https://engineforex.com

Markets Update Wednesday 12/05/2021 – The Brutal Truth

Frankfurt – 12/05/2021 The Brutal Truth Over four per cent inflation in the USA! Hardly any economist had expected such an increase. The latest CPI figures from the USA clearly show a brutal truth. Wall Street was deeply shocked, and share prices plummeted. Only Europe’s stock markets resisted the downward trend – at least for today. The billions in economic ...

from Engine Forex https://engineforex.com/markets-update-wednesday-12-05-2021-the-brutal-truth/
via https://engineforex.com

Wednesday, May 12, 2021

Markets Update Tuesday 11/05/2021 – Prices

Frankfurt – 11/05/2021 Prices Concerns of a jump in US consumer prices and a resulting turnaround in interest rates put the stock markets under strong pressure on Tuesday. In the USA, the price development for April will be published tomorrow. Inflation is expected to have risen to 3.4 per cent. For May, an inflation rate of 3.6 per cent is ...

from Engine Forex https://engineforex.com/markets-update-tuesday-11-05-2021-prices/
via https://engineforex.com

Tuesday, May 11, 2021

Stock Take 10/05/2021

Virgin Galactic again with deep red figures The first quarter ended with another heavy loss for the space company Virgin Galactic. The loss per share for the reporting period was 0.55 US dollars after an EPS of -0.300 US dollars was reported a year ago. The experts had previously estimated the EPS at -0.274 US dollars. The net loss amounted ...

from Engine Forex https://engineforex.com/stock-take-10-05-2021/
via https://engineforex.com

Markets Update Monday 10/05/2021 – Divided

Frankfurt – 10/05/2021 Divided The stock markets were once again divided today: while blue chips remained in demand, tech stocks came under the radar. However, a look at the prices for industrial metals shows that the financial markets nevertheless assume that the global economy will continue to recover. The record chase for copper continues at the beginning of the week. ...

from Engine Forex https://engineforex.com/markets-update-10-05-2021-divided/
via https://engineforex.com

Monday, May 10, 2021

Markets Update Friday 07/05/2021 – Back on Track

Frankfurt – 07/05/2021 Back on Track After some pretty dull days with negative sentiment outweighing a positive outlook for the global economy, Friday saw a positive turn of events and most stock exchanges posted gains. Ironically, the much weaker-than-expected US labour market data were greeted with relief on the stock market today. This is because interest rate hikes are not ...

from Engine Forex https://engineforex.com/markets-update-friday-07-05-2021-back-on-track/
via https://engineforex.com

Wednesday, May 5, 2021

Markets Update Tuesday 04/05/2021 – Overvalued?

Frankfurt – 04/05/2021 Overvalued? Once again, there is a change of theme on the stock markets: while cyclical stocks are still in demand, tech stocks are being sold off. Given the increasingly clear economic upswing, which at the same time brings with it fears of inflation and interest rates, the technology sector is currently particularly affected by sell-offs. The rapid ...

from Engine Forex https://engineforex.com/markets-update-tuesday-04-05-2021-overvalued/
via https://engineforex.com

Markets Update Monday 03/05/2021 – Hello May!

Frankfurt – 03/05/2021 Hello May! At the beginning of May, investors in Europe and the USA showed no fear of the statistically weaker stock market month. Not even disappointing economic data could dampen investors’ buying mood. Only technology stocks were avoided. Investors are counting on the big economic upswing after the Corona crisis. They are given hope by German retailers, ...

from Engine Forex https://engineforex.com/markets-update-monday-03-05-2021-hello-may/
via https://engineforex.com

Markets Update Friday 30/04/2021 – Come back in November?

Frankfurt -30/04/2021 Come back in November? April brought gains predominantly for the international stock markets, but it still became a little more uncomfortable. Even though many companies were convinced with strong quarterly figures, various risk factors remain and are becoming increasingly apparent to some market participants. Sell in May and go away!? Whether the old stock market adage, according to ...

from Engine Forex https://engineforex.com/markets-update-friday-30-04-2021-come-back-in-november/
via https://engineforex.com