EngineForex: June 2021

Sunday, June 27, 2021

Markets Update Thursday 24/06/2021 – Infrastructure

Frankfurt – 24/06/2021 Infrastructure After Federal Reserve Chairman Jerome Powell had recently dampened interest rate concerns, interest rate and inflation fears receded, at least immediately. Wall Street was helped today above all by positively received new economic data and Joe Biden’s infrastructure plans. US President Joe Biden today announced an agreement on a billion-dollar infrastructure package after months of negotiations. ...

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Stock Take 23/06/2021

Electronic Arts buys The games company Playdemic has only had one hit so far with “Golf Clash” – but is worth 1.4 billion dollars to the industry giant Electronic Arts. The money will go to the telecommunications group AT&T as the game studio Warner Bros. Games owner, as the companies announced on Wednesday. The smartphone game “Golf Clash” has been ...

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Markets Update Wednesday 23/06/2021 – House of Cards

Frankfurt – 23/06/2021 House of Cards Today was a relatively quiet day on the stock markets, and consolidations occurred for the most part. As a result, there were no significant movements today after the previous wild trading days. The only overriding issue on the stock market continues to be inflation – and with it the worries about a tougher stance ...

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Stock Take 22/06/2021

1 company = 2 trillion The software giant Microsoft is worth two trillion dollars on the stock exchange for the first time. The shares benefited on Tuesday from the general market recovery after the weak previous week and rose by a good 1.10 per cent to 265.51 US dollars by the close of trading. Thus, Microsoft is the second US ...

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Saturday, June 26, 2021

Markets Update Tuesday 22/06/2021 – Bye, Bye Inflation Fears

Frankfurt – 22/06/2021 Bye, Bye Inflation Fears On Wall Street, interest rate fears eased significantly today, which benefited the Nasdaq technology exchange in particular. It remains the case that Wall Street is currently a rollercoaster for investors. Fears about interest rates alternate with new optimism about the economy and are causing movement on the trading floor. In contrast to yesterday, ...

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Stock Take 21/06/2021

MicroStrategy continues to invest in Bitcoin As recently as February this year, the US software company had invested around one billion US dollars in what is, to this point, the largest cryptocurrency by market capitalisation – convertible bonds were issued for this purpose. In mid-June, the tech company raised another 488 million US dollars – for the first time by ...

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Markets Udpate Monday 21/06/2021 – The Green Mine

Frankfurt – 21/06/2021 The Green Mine Investors’ eyes are once again on Jerome Powell this week, who will be heard by parts of the US Congress this Tuesday. At issue is the Federal Reserve’s response to the corona crisis. Powell’s remarks are likely to be closely scrutinised for clues about future monetary policy. While investors are puzzling over the Fed’s ...

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Friday, June 18, 2021

Stock Take 17/06/2021

DraftKings share under pressure after a short attack. The notorious short-seller Hindenburg Research has struck again: While the e-car manufacturers Nikola and Lordstown were already in the crosshairs of the analysis company in the past, it is now the online sports betting provider DraftKings that has to face the accusations of the short seller. The group made the leap on ...

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Markets Update Thursday 17/06/2021 – Tech yay, Gold nay!?

Frankfurt – 17/06/2021 Tech yay, Gold nay!? Despite the announced interest rate turnaround, there was no cooling on the stock markets today. Tech stocks were particularly in demand in this environment. The markets see it above all as positive that the money floodgates will remain wide open for the time being. The Fed wants to stick to its monthly dose ...

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Markets Update Wednesday 16/06/2021 – Fed Hawks

Frankfurt – 16/06/2021 Fed Hawks As anticipated by most market players, today marked a severely volatile trading day. The era of seemingly eternally flowing sweet central bank money is slowly but surely coming to an end in the US. This was indicated today by the Federal Reserve and especially its chairman Jerome Powell. The US stock markets fell back, and, ...

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Stock Take 16/06/2021

Deutsche Telekom launches sale of Netherlands subsidiary According to insiders, Deutsche Telekom is starting the long-awaited sale of its Netherlands subsidiary and, at the same time, is looking for financially strong partners for the expensive expansion of its fibre-optic network in Germany. The DAX-listed company from Bonn already wanted to part with its Dutch business in 2015 but then strengthened ...

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Stock Take 15/06/2021

Oracle continues to benefit from the cloud boom The strong cloud business with IT applications and storage space on the internet continues to bring SAP rival Oracle significant revenue growth. In the three months to the end of May, revenues rose eight per cent year-on-year to 11.2 billion dollars (9.2 billion euros), the company announced on Tuesday after the US ...

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Markets Update Tuesday 15/06/2021 – Pointing the way forward

Frankfurt – 15/06/2021 Pointing the way forward The main topic on the market remains the Fed’s future interest rate policy. Although experts do not expect a change in interest rates, they are eagerly awaiting statements from the monetary watchdogs on inflation. Before that, investors apparently do not want to reposition themselves, but the indices remain at a high level. The ...

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Markets Update Monday 14/06/2021 – Betting on the Fed

Frankfurt – 14/06/2021 Betting on the Fed Investors continue to rely on cheap central bank money from the US Federal Reserve on the global stock markets. This benefited tech stocks, in particular today, while blue chips lagged. The main topic on the market at the moment is the Federal Reserve’s future interest rate policy. Hardly anyone expects the Fed to ...

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Friday, June 11, 2021

Markets Update Thursday 10/06/2021 – Showdown

Frankfurt – 10/06/2021 Showdown It was the day of the big showdown that investors had been waiting for at least a week. Today’s focus was not only on Christine Lagarde and the ECB but also on the US inflation data from May. Apparently, investors do not expect an imminent turnaround in interest rates by the Fed. However, the whole thing ...

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Stock Take 10/06/2021

Netflix opens online shop Streaming market leader Netflix sets the stage for a more prominent entry into the merchandising business with an online shop for fan merchandise. While its big rival Walt Disney has been earning a lot of money for decades by selling and marketing products for fans of its comics, films and series, Netflix has largely done without ...

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Stock Take 09/06/2021

Chinese Robinhood Rivals The securities broker Robinhood grew thanks to a strong interest in cryptocurrencies, among other things significantly. But now, the broker app, which is very popular with US investors, could soon face new competition from two Chinese providers who also want to profit from this trend. Robinhood users have been able to buy and sell various cryptocurrencies such ...

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Markets Update Wednesday 09/06/2021 – Waiting on the CPI

Frankfurt – 09/06/2021 Waiting on the CPI On most of the global stock markets, investors remained cautious and maintained their wait-and-see attitude today. Investors continue to look with bated breath at new US inflation data (CPI) expected on Thursday. The core rate is expected to rise from 3.0 per cent in April to 3.4 per cent in May. Much discussion ...

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Stock Take 08/06/2021

Renault and Plug Power join forces Many industry observers see hydrogen as the power-train of the future. This has prompted French carmaker Renault to form a joint venture with Plug Power, the world leader in turnkey hydrogen solutions. Announced at the start of the year, Renault and Plug Power have now put their plans into action and formed a joint ...

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Markets Update Tuesday 08/06/2021 – Waiting for Signals

Frankfurt – 08/06/2021 Waiting for Signals As in Germany and Europe, investors in Asia and the USA were cautious ahead of important inflation figures. Above all, there is the question of the future interest rate course of the US Federal Reserve. The main topic of conversation on the trading floor continues to be the inflation risks and the question of ...

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Markets Update Monday 07/06/2021 – Sideways

Frankfurt – 07/06/2021 Sideways Investors did not really come out of the woodwork ahead of the important US consumer price data (CPI) coming Thursday, but there was also no significant inclination for sell-offs. Investors expect the data to provide further indications of a possible date for tightening the ultra-loose monetary policy. In April, the inflation rate rose by 4.5 per ...

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Friday, June 4, 2021

Markets Update Wednesday 02/06/2021 – Beige Book Boredom

Frankfurt – 02/06/2021 Beige Book Boredom The Federal Reserve’s economic report hardly moved the US stock markets. There was little that was informative. The Fed’s eagerly awaited economic report, the “Beige Book”, did not provide any new impetus for today’s stock market. The central bank noted that the economy had grown at a moderate pace between the beginning of April ...

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Markets Update Friday 04/06/2021 – Weak Data, good News

Frankfurt – 04/06/2021 Weak Data, good News The May upturn in the US labour market was less robust than expected. Nevertheless, equity investors are happy. This is because the sobering jobs data alleviate inflation and interest rate concerns. Although the labour market recovery continued, “only” 559,000 new non-farm jobs were created – almost 100,000 less than expected. While the latest ...

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Stock Take 03/06/2021

Slack posts revenue growth The office communication service Slack presented its figures for the first quarter of the current financial year on Thursday evening after the close of trading on the US stock exchanges. Slack saw its earnings per share deteriorate to minus US$0.08 in the past quarter. Experts had previously forecast a loss per share of US$0.003, down from ...

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Markets Update Thursday 03/06/2021 -Inflation and Taxes

Frankfurt – 03/06/2021 Inflation and Taxes Influential survey data on the US labour market fuelled interest rate concerns again today and weighed particularly on Wall Street and the tech sector. That the losses were not more pronounced was due to President Joe Biden’s revised tax plans. Corporate taxes could rise less than initially planned. According to insiders, US President Joe ...

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Stock Take 02/06/2021

Prosus buys Stack Overflow Technology investment company Prosus is making a billion-dollar purchase, acquiring website operator Stack Overflow for $1.8 billion. Prosus is responding to the growing demand for online learning opportunities in the technology sector. Based in New York, Stack Overflow runs a website for software developers and other professionals who want to improve their coding skills. The site ...

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The Wyckoff Method – Part II

Almost a century has passed since its inception, but the Wyckoff Method is still widely used today. It is undoubtedly much more than a TA indicator, as it encompasses many principles, theories and trading techniques. Essentially, the Wyckoff Method enables investors to make more logical decisions rather than trading out of emotion. Wyckoff’s extensive work provides traders and investors with ...

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Stock Take 01/06/2021

AMC Again AMC shares, popular with US small investors organised on the internet, jumped again in New York on Tuesday after the long weekend. In NYSE trading, AMC shares were ultimately up 22.66 per cent at $32.04, but this did not represent a new all-time high. This was set on Friday at 36.72 dollars when profit-taking had set in intraday. ...

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Markets Update Tuesday 01/06/2021 – June Starts

Frankfurt – 01/06/2021 June Starts Even though the economic data is so positive at the moment, investors remain rather cautious. The promising figures could have a negative impact, especially on inflation and the potential reaction of the central banks. As the week progresses, the markets look ahead to Friday’s US labor market report for May. Tomorrow the Fed’s economic report, ...

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Markets Update Monday 31/05/2021 – Memorial Day Quietness

Frankfurt – 31/05/2021 Memorial Day Quietness There was not much activity on the international stock markets today. The reason: In the USA, the “Memorial Day” holiday was celebrated. Wall Street, therefore, remained closed, as did the stock exchange in London. Due to the absence of Anglo-Saxon investors, major fluctuations were not to be expected in advance. The German inflation data ...

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