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Vaccine News Boosts Pharmaceuticals
2020 will go down in history as the year of the pandemic. With the ''second wave'' of COVID-19 sweeping the planet and more national lockdowns announced around the globe, there is not much to look forward to now. However, there is a glimpse of hope that we may be able to return to some normality soon. That hope? A vaccine. Pharmaceutical compan...
15 Asia-Pacific Countries Sign World’s Largest Free Trade Agreement at a Crucial Time
Regional Comprehensive Economic Partnership (“RCEP”) The RCEP agreement is a modern and comprehensive regional free trade agreement covering trade in goods, trade in services, investment, economic and technical cooperation, and new rules for electronic commerce, intellectual property, government procurement, competition, and small and medium-...
NIO Making Waves
The sales of electric cars exceeded the two million mark for the first time in 2019. By far the biggest electric automaker by market cap is Elon Musk's Tesla. Its current market cap stands at $394.26 billion at the time of writing this, putting the electric automaker at the top of all automakers in the world. However, there is another electric c...
October: US Stimulus Noises and National Lockdowns
Another Volatile Month for Markets The financial markets were rattled by another wild month driven by geopolitics and COVID-19 updates. As the month comes to an end, the rapid resurgence of the coronavirus cases across the US, European countries, India and Russia have forced some leaders to reimpose national lockdowns. Global Equities The back-an...
US Election 2020: Eyes on the US Senate
The Political Event of the Year 2020 The most-awaited political event of the year 2020 is just around the corner: the US Presidential elections will take place next Tuesday on the 3rd of November. The US politics have the potential to affect the global economy, alliances and trade agreements which makes it a Global Event. In a pandemic-induced ...
Earnings to Watch This Week: Amazon, Microsoft, Apple, Facebook and Alphabet
Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among the main drivers of the rebound in the US stock market after March lows. The world has gone remote- people were suddenly forced to work, s...
PayPal Taps into Crypto
Buy, Hold and Sell Cryptocurrency PayPal officially confirmed its entrance in the cryptocurrency market on Wednesday. The leading online payments company announced the launch of a new service enabling its customers to buy, hold, and sell digital currency on its site and applications. The message of the CEO was clear that the Company is keen in...
US Corporate Earnings to Watch this Week
Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others. Monday International Business Machines (IBM): The company will host a conference call to review third-quarter 2020 financial resul...
Crude Oil Market
An oil price war and the pandemic struck the crude oil market at a time where the industry was already faced with a simultaneous demand and supply shock. Put simply, crude oil prices were already under pressure due to a flood of supply at a moment of diminishing demand. A Supply Glut which is mainly driven by US shale producers and a Weak Oil D...
Coming Up This Week: US Big Banks on the Radar
The third-quarter earnings season will kickstart with major US banks. In an ultra-low interest rates environment, the financial industry struggled faced by a series of pressures triggered by the ongoing pandemic crisis. Over the months, banks had made significant provisions for credit losses and saw major declines in asset management revenues. I...
COTD: GBPAUD – Pound Finding Bearish Territory
GBPAUD - Hourly GBPAUD - We saw GBPAUD attempt a stronger recovery last month, but it appears the Pound may not have the resolve to push higher as we enter into October. In today's Chart of The Day, we examine the hourly chart using the Ichimoku method. In the shorter-term, it appears the latest weekly pivot points of 1.80 and 1.77 play...
September: A Typical Scary Month for Investors
Poor Month for Markets Investors are generally apprehensive of the month of September as on average it is marked as the worst month for the stock market. After a staggering rally in August driven by broad-based vaccine optimism, global stimulus, improving economic data, better-than-expected earnings season and the outperformance of the technology...
COTD: AMZN – Can Amazon Continue To Ride Pandemic Waves?
AMZN - Daily Amazon.com (AMZN) - As a retail conglomerate, it doesn't get much bigger than Amazon listed on the US Nasdaq exchange. Despite all the pandemic problems, AMZN found itself uniquely positioned to be one of the few companies able to maintain the status quo and even thrive amongst an already weakened retail sector. At the be...
The US Dollar and Gold
Investors generally piled-up in the Gold and the US dollar as those assets are viewed as safe-haven during times of crisis or uncertainties- be it economical, political or policy uncertainties. 2020 has been a year of extreme uncertainty and volatility which saw the world battling an unprecedented and paralleled health and economic crisis in mod...
Interest Rates: Ultra Low, Near Zero or Negative?
In a pandemic-induced environment, central banks and governments have absorbed all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowing and supporting the global economy with huge fiscal stimulus plans to manage an unparalleled health and economic crisis. Governments and Central ...