Friday Overview of the Global Markets

Sera Akinci  |  April / 5. Week

The gold prices are steady on Friday due to global geopolitical tensions and the demand for the ‘’safe haven’’. The investors are also waiting for the US economic reports to be released later on today. Notwithstanding, the market sentiment dropped weak after Donald Trump’s ‘’renegotiating or terminating a horrible deal with South Korea’’ announcement.

In the last week of the month, the investors were further dissatisfied by the lack of new details given about the tax reform plan as well as any possible tax changes which needed an approval by the House of Senate. 

The global stocks were close to record highs, with investors trading on improving global economic growth and strong profit margins of some important companies. Amazon.com Inc. And Alphabet Inc. have risen in post-closing operations, with the finances expected to come out well. PetroChina Co. re-gained profit due to the rise in oil prices.

The markets on the last week of April has been as followed this morning around 10 am GMT:

Forex:
- EURUSD increased 0.59% to 1.0937

- GBPUSD increased 0.38% to 1.2952

- USDJPY increased 0.10% to 11.38

- AUDUSD increased 0.25% to 0.7484

- USDCAD has been more steady with an increase of 0.01% to 1.3636

- USDCNH decreased 0.06% to 6.8979

- BTCUSD decreased 2.64% to 1,302.27

On the other hand, the developing country currencies such as the Malaysian ringgit recorded its best performance in Asia this month; with an increase of 1.2% on a weekly basis. The Indian rupee INR is closing the month with a 1% increase after its fall in the last two weeks. The foreign investors bought a net of $6.5 billion in shares this year. The Taiwanese dollar TWD increased above $30 for the first time since 2014 against the USD on Wednesday and the TAIEX index gained 1.3% week-on-week with a slightly downturn on Friday. The Turkish Lira TRY also increased against the USD and GBP but fell 0.12% to 0.2579 against the EUR.
 
Indices:

- S&P Features increased 0.08% to 2,388.00

- NASDAQ Futures increased 0.10% to 5,596.38

- DOW 30 increased 0.03% to 20,981.33

- DAX kept steady around 0.01% change at 12,440.00

- Nikkei 225 decreased 0.29% to 19,196.74

- US dollar index decreased 0.35% to 98.67

- Euro index increased 0.4% to 88.40
 
The US stock index futures had a little change on Friday as investors are waiting for the first-quarter report on GDP.

Commodities:

- Gold increased 0.22% to 1,268.58

- Silver increased 0.48% to 17.417

- Copper increased 0.12% to 2.596

- Crude Oil WTI increased 0.96% to 49.44

- Brent oil increased 0.89% to 52.28

- Natural gas kept steady at 3.239
 
Even though there was increase in the oil prices today, there are still concerns about a second straight weekly loos due to OPEC-led production cut fail which has significantly tightened an oversupplied market. That being said, the investors are waiting for the US drilling activity to be announced later on today.

Bonds:

- US 10-years yield increased 0.41% to 2.305
- US 30-years yield increased0.37% to 2.976
- US 2-years yield increased 0.31% to 1.262
 
What to watch out next week!

On Tuesday; 2nd of May, the investors will be looking out for the Reserve Bank of Australia’s (RBA) interest rate decision. Germany and the United Kingdom will also be announcing their Manufacturing PMI. Both forecasted around the same levels with the previous PMI’s.
 
On Wednesday, Germany will be announcing their unemployment change. United States will be announcing their; ADP non-farm employment change, ISM non-manufacturing purchasing managers index PMI, the crude oil inventories by the Energy Information Administration, FOMC statement and lastly; FED interest rate decision.
 
On Thursday, United Kingdom will announce their service PMI and Bank of Canada Governor Poloz will make an announcement about their short term interest rates.
 
On Friday, US will announce Non-farm payrolls and the unemployment rate as well as Canada announcing their employment change and their PMI.
 

Other Weekly Views

  • Weekly Overview
    Sera Akinci  |  July / 5. Week

    The US Dollar continues to stay near 13 month lows after FED’s statement as it sparked more uncertainty regarding the possibility of a 3rd interest rate hike in 2017.

  • Friday Overview
    Sera Akinci  |  June / 4. Week

    Today’s main changes affected commodity prices, in which gold prices rose by 0.78% to 1,259.15 at 13:08pm GMT.

  • Strong Dollar and Shaky Sterling
    Sera Akinci  |  June / 2. Week

    This week, the Foreign exchange markets have waded through some boisterous events such as a Capitol Hill appearance by fired FBI boss James Comes, the UK election and a European Central Bank meeting.

  • Overview of the Markets Ahead of the US Jobs Data Announcement
    Sera Akinci  |  June / 1. Week

    The US dollar has hit its one-week high against the Japanese Yen (JPY) and stocks have been moving from strength to strength ahead of the US jobs data release, while most stocks have also seen a rise.

  • Friday Overview of the Global Markets
    Sera Akinci  |  May / 4. Week

    The S&P 500 and NASDAQ closed at record highs yesterday

  • U.S. NFP Announcement and Friday Overview
    Sera Akinci  |  April / 2. Week

    The US monthly non-farm payroll announcement was less than expected.

  • Friday Overview of the Global Markets
    Sera Akinci  |  April / 2. Week

    the global equities and the US equity index futures markets hit a couple of bumps in the road.

  • Friday Overview of the Global Markets
    Sera Akinci  |  March / 4. Week

    Asian markets hold their breath today, after the delay of the US vote on a healthcare bill.

  • Will we see more gains for US equities?
    GKFX Team  |  February / 4. Week

    Markets have yet again had a mixed week with US equities rallying to help the Dow post 10 consecutive record closes for the first time in 31 years.

  • How to Trade Trump This Week
    GKFX Team  |  February / 3. Week

    It’s been a busy week yet again with big moves on many of the major markets, and yet again a lot of these moves have been generated by the uncertainty created by President Trump and the latest news out of his administration.

  • The 2 big things to watch next week
    GKFX Team  |  February / 2. Week

    It’s been a quiet week for markets with the only real data coming on Thursday and Friday as the UK and US finally saw some data on the docket.

  • What Will the Markets Focus on This Week?
    GKFX Team  |  February / 1. Week

    It was an incredibly busy week last week for economic data with central bank meetings from the Bank of Japan, Bank of England and of course the Fed later in the week.

  • Will the FED Raise Rates? Will Apple Earnings Boost the Market?
    GKFX Team  |  January / 5. Week

    It’s an incredibly busy week this week for global markets as we look ahead to big earnings and economic data.

  • After Brexit and Trump, can the markets now relax?
    GKFX Team  |  January / 3. Week

    It’s been a big week on global markets with Brexit, Donald Trump’s inauguration huge swings in US markets and the ECB, but can we now all move on?

  • Trump Inauguration and earnings dominate the week
    GKFX Team  |  January / 2. Week

    It’s the Trump Dump that is now dominating markets into Friday’s session after the President Elect’s news conference caused the US dollar to finally unwind some of the upside that has seen a lot of the US dollar majors break through long term support and resistance levels.

  • Weekly market overview – 11/01/2016
    Can Uyanık  |  January / 3. Week

    2nd week January 2015

  • After  FED decision GOLD
    Aziz Karayel  |  December / 4. Week

    FED’s interest rate

  • GOLD
    Can Uyanık  |  December / 4. Week

    Janet Yellen calls time on the trading year...unless your trading gold

  • The Santa Rally
    SERHAN ERTEM  |  December / 4. Week

    Markets rebound early on after Friday losses

  • SP500
    SERHAN ERTEM  |  December / 3. Week

    Stocks Surge, Dollar Unsure after Dovish Fed Hike

Show More Other Weekly Views

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com