Crispus Nyaga

Barclays share price forecast: what next after today’s pause?

·Jun 09, 2020, 09:54 BST

Barclays share price declined by more than 3%, becoming the worst-performing bank in the FTSE 100. Royal Bank of Scotland, HSBC, and Lloyds share prices dropped by 2.89%, 2.31%, and 2.36% respectively. At the same time, the FTSE dropped by more than 1.30%, becoming one of the worst-performing indices in Europe.

DAX Index Forms Hanging Man Pattern as Rally Runs Out of Steam

Indices

·Jun 09, 2020, 09:02 BST

The DAX index declined by more than 0.90% as the recent rally took a breather. The index is trading at €12,720, which is a few points below the March high of €13,817. The divide between the gainers and laggards was similar, with Lufthansa being the best-performing stock in the index.

2 reasons why USDJPY has been in an unhinged free fall this week

Forex

·Jun 09, 2020, 08:07 BST

The USDJPY pair is down for the second straight day. The pair is trading at 107.90, down from Friday’s open...

Here’s why Nikkei 225 vicious rally has just hit a wall

Indices

·Jun 09, 2020, 07:36 BST

The Nikkei 225 was the biggest laggard in Asia today. The index dropped by 0.35% and is now trading at ¥23,096, which is inches below the yesterday’s high of ¥23,175. The other laggard in Asia-Pacific was DJ New Zealand, which declined by more than 2%. On the other hand, the Hang Seng was the best-performing index after the government agreed to bailout Cathay Pacific.

Here’s why the Hang Seng just passed key resistance level

Indices

·Jun 09, 2020, 07:05 BST

The Hang Seng index was among the best-performing indices in Asia today. The index, which is in its seventh day...

GBPUSD rally hits brakes as short bets against the pound rise

Forex

·Jun 08, 2020, 14:20 BST

The GBPUSD pair was little changed today as investors digest the impressive jobs data from the United States. They are...

S&P 500 index is in an unstoppable rally; but there is one big risk

Indices

·Jun 08, 2020, 13:34 BST

The S&P 500 index rallied by more than 0.50% as investors remained optimistic of the US recovery after the blockbuster US jobs data. The index is trading at $3200, which is the highest it has been since February. The upward trend mean that the index is less than 200 points below its YTD high of $3396.

Silver price starts phase 5 of Elliot Wave ahead of FOMC decision

Commodities

·Jun 08, 2020, 12:07 BST

Silver price bounced back today as investors waited for the Fed interest rates decision on Wednesday. The price is also...

Tesco share price pares losses as FRC drops accounting investigation

·Jun 08, 2020, 10:18 BST

Tesco share price bounced back after the Financial Reporting Council (FRC) dropped an ongoing accounting investigation. The share price is trading at £227 after dropping to £224 earlier in the day. The overall FTSE 100 index is trading £6,485.

DAX index retreats as Wirecard plot thickens: Deutsche Bank shares lead

Indices

·Jun 08, 2020, 09:26 BST

The DAX index declined by more than 0.90% as investors looked forward to a statement by Christine Lagarde. The index...

Crude oil price is most overbought since April 2019; what next?

Commodities

·Jun 08, 2020, 08:29 BST

Crude oil price rose today after a successful virtual meeting by OPEC members and its allies. In the meeting, the members agreed to continue with their 10 million barrels a day supply cuts in a bid to stabilize the market. Brent, the global benchmark rose to $43 while West Texas Intermediate (WTI) rose by 0.86% to $40 a barrel.

EURUSD drop could signal turning point ahead of Fed rate decision

Forex

·Jun 08, 2020, 07:37 BST

The EURUSD pair declined slightly after Germany released weak industrial production data. Investors are also staying focused on the upcoming interest rate decision by the Fed after the positive jobs data from the US.

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