Daily Video Review - 27/05
- Donald Herison
- English
- MARKETS NEWS
- Hits: 1396
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Stock market overview
U.S. stock futures are holding steady following a Tuesday pullback. Investors seem to have been concerned about an upcoming interest rate hike from the Federal Reserve.
On Tuesday, the Dow Jones industrial average, S&P 500 and Nasdaq all declined by about 1%. Still, stocks are not far from their all-time highs.
In Europe, all the main indexes are pushing up in early trading. Asian markets ended with mixed results.
2. Currency focus
The International Monetary Fund has declared the Chinese yuan is "no longer undervalued," after spending years criticizing China for keeping its currency from strengthening too much against the U.S. dollar.
China's yuan, also called the renminbi, has risen about 0.5% against the U.S. dollar in the last year.
The dollar is a bit weaker Wednesday versus a range of other currencies. The euro is strengthening.
3. Smokin' stocks
Shares in Imperial Tobacco Group (ITYBY) are edging up by about 1.5% in London after the company announced it had received regulatory approval to acquire some cigarette and e-cigarette brands from Reynolds American (RAI) and Lorillard (LO).
"The announcement puts an end to over 10 months of uncertainty about whether the deal would be signed off," said Mike van Dulken, head of research at Accendo Markets in the U.K.
This comes as BrandZ publishes an annual ranking showing that the Marlboro cigarette brand remains one of the most valuable in the world, worth more even than the Facebook (FB, Tech30) brand. Marlboro cigarettes are sold by Altria (MO) in the U.S. and Philip Morris International (PM) overseas.
4. Potent politics
Investors will be watching political moves in Europe as G7 finance ministers begin a three-day meeting in Dresden, Germany.
"Greece is likely to feature prominently in the discussions, and traders will keep a close eye on headlines emerging from the sit-down for direction cues," said Ilya Spivak, a currency analyst at DailyFX.
Investors in the U.K. have also been watching "The Queen's Speech," where Queen Elizabeth II outlines the new government's legislative agenda.
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What is it? It checks the change in the total inflation-adjusted value of new capital expenditures made by private businesses.
It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.
When? May 27th at 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
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What is it? It checks the change in the total value of sales at the retail level.
It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
When? May 27th at 7:50pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the JPY to rise.
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What is it? It checks the interest rate at which major financial institutions borrow and lend overnight funds between themselves.
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.
When? May 27th at 10:00am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
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What is it? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.
When? May 27th at 10:00am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.
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This analysis was written by Guy Young an expert in stocks trading
LONG WEEKEND this is how called a trading day after Memorial Day. Due to lack of trading yesterday 25/05 the reaction of stock market is crazy. Imagine as if you have been relaxing for 3 days, what do you do on the 4th day you have the energy to make things. That’s exactly how the trading world reacts after long vacation. The history shows it’s one of the most profitable days once a year. The Companies, the brokers the traders their self are waiting to get started to make things happen.
What does it for binary options trading and why it’s a profitable trading day?
You will see spikes in every stock that you will encounter, in binary options you need only 1 pip to profit, in this day the analysis says the spikes will be high, the same way if you had relaxing ocean without no ways for a while and then a storm came. Talk to signalsbinary specialists on the chat they will explain you how to get started and enjoy todays trading sensation.