Tag: Engine Forex

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 …

from Engine Forex https://engineforex.com/markets-update-monday-31-05-2021-memorial-day-quietness/
via https://engineforex.com

Frankfurt – 28/05/2021 Data Flood Today’s trading day was jam-packed with economic data. Overall, the data was mixed but primarily pointed to a robust economic recovery.  Additionally, US President Joe Biden presented the first full budget proposal of his term in office this evening, with a scope of six trillion dollars. The plan published on Friday foresees an increase in …

from Engine Forex https://engineforex.com/markets-update-friday-28-05-2021-data-flood/
via https://engineforex.com

Boeing pays millions to settle the dispute Boeing has agreed to pay a million-dollar fine for overproduction problems with 737 aircraft. In the settlement agreed with the US Federal Aviation Administration (FAA), the US aircraft manufacturer will pay US$17 million, according to a statement. The settlement relates to problems in the aircraft’s manufacturing from 2015 to 2019, adding that Boeing …

from Engine Forex https://engineforex.com/stock-take-27-05-2021/
via https://engineforex.com

Frankfurt – 27/05/2021 Ambivalence Even further signs of economic recovery are not leading to leaps of joy on Wall Street at the moment. Investors remain cautious, as the data seem to be both a curse and a blessing. The current agony on the stock market seems paradoxical at first glance. After all, the stock market is drowning in liquidity like …

from Engine Forex https://engineforex.com/markets-update-thursday-27-05-2021-ambivalence/
via https://engineforex.com

Richard Wyckoff is known mainly because he developed a method for trading in the stock and bond markets in the early and mid-20th century that still works amazingly well today. His approach is rooted in the laws of supply and demand and uses price charts and volume studies to analyse and predict market activity. Much of Wyckoff’s work was inspired …

from Engine Forex https://engineforex.com/the-wyckoff-method-introduction/
via https://engineforex.com

Frankfurt – 26/05/2021 Central Banker Calming Effect In the USA, the spectre of inflation continues. Still, the leading US central bankers have recently spoken out predominantly in favour of continuing the Federal Reserve’s ultra-loose monetary policy. This had a calming effect on the market and today again supported technology stocks in particular. Thus, there seems to be no immediate threat …

from Engine Forex https://engineforex.com/markets-update-wednesday-26-05-2021-central-banker-calming-effect/
via https://engineforex.com

Amazon buys MGM film studios The leading global online retailer Amazon is looking to strengthen its entertainment business with the billion-dollar acquisition of Metro-Goldwyn-Mayer (MGM) film studios. The purchase price amounts to 8.45 billion US dollars, according to a statement on Wednesday. There was recent speculation in the media about such a deal, which would help the internet giant’s streaming …

from Engine Forex https://engineforex.com/stock-take-26-05-2021/
via https://engineforex.com

Frankfurt – 25/05/2021 Undecided Among other things, investors were encouraged by the Fed’s renewed commitment to its ultra-loose monetary policy. Director Lael Brainard also repeated the Fed’s mantra that the current rise in inflation is temporary. “However, this is a cat-and-mouse game,” warned Giles Coghlan, a chief foreign exchange analyst at broker house HYCM.  As a downer came then the …

from Engine Forex https://engineforex.com/markets-update-tuesday-25-05-2021-undecided/
via https://engineforex.com

Is VW selling Lamborghini? According to a media report, Volkswagen has received a billion euro bid for its sports car subsidiary Lamborghini. The Quantum Group, together with the London investment firm Centricus Asset Management, had submitted an initial offer of 7.5 billion euros, the magazine “Autocar” reported on Tuesday, citing purchase documents. Both VW boss Herbert Diess and Audi boss …

from Engine Forex https://engineforex.com/stock-take-25-05-2021/
via https://engineforex.com

Frankfurt – 24/05/2021 Jawnfest Trading volume was below average at the start of the week, as some European markets, such as Frankfurt, do not open again until Tuesday after the Whitsun weekend.  Impulses for one direction or the other were therefore rather weak. In Asia, the main markets had closed little changed on Monday and with different signs. Market-moving news …

from Engine Forex https://engineforex.com/markets-update-monday-24-05-2021-jawnfest/
via https://engineforex.com