The Decline in Equities Continues

Published by Filipe R. Costa on Tue, 07/06/2011 - 10:08
shares up and down

Market commentary for 6th June: Shares in the US went down again, with S&P 500 losing more than 1% and the Dow 0.5%. In the UK, the FTSE managed to close a little higher, gaining 0.14% escaping from the late drop in the US.

Shares Ended The Week Lower on Economic Data Woes

Published by Filipe R. Costa on Mon, 06/06/2011 - 09:47
hold the usd

Market commentary for 3rd June: Economic data during this week was really not encouraging. PMI, consumer confidence, factory orders, and several employment indicators have all been pointing to a weakened economy. The Dow was as high as 12,600 but eroded 450 points during the week and closed at 12,151 on Friday.

Disastrous Non-Farm Payrolls Report

Published by Filipe R. Costa on Fri, 03/06/2011 - 15:21
jobs looking

And finally the day came. The Labor Department reported today that Non-farm Payrolls rose 54,000 in May and Private Non-Farm Payrolls rose 83,000. Those numbers are a disaster since analysts were pointing to much bigger numbers. NFP was revised dow after this week poor ADP employment figures, but to 170,000. The number reported is just a small fraction of the consensus e

Uncle Sam Lost His Shiny Colors

Published by Filipe R. Costa on Fri, 03/06/2011 - 10:46
uncle sam

Market commentary for 2nd June: Equities ended lower in London with the FTSE losing 1.36% to sit at 5,847. In the US the picture was mixed with the Dow losing again although just 0.34% but with the Nasdaq ending 0.2% higher. The day was marked with volatility with equities going up and down. Although ending at 12,248, the Dow was as low as 12,188. The last time the index marked such a value was at April 19th.

Forex Market Turnover and Major Currencies

Published by Filipe R. Costa on Thu, 02/06/2011 - 14:18
forex trading

Currency exchange is amongst the most liquid and most transparent markets making it a top preference of traders. Spread betting is the best way to trade this market. Find out what are the most liquid pairs and crosses, the value of the entire Forex market and the spreads you pay to trade.

Equities Were Spanked

Published by Filipe R. Costa on Thu, 02/06/2011 - 09:45
bear market

Market commentary for 1st June: Equity markets were literally spanked in yesterday's session. The Dow lost 280 points and ended at 12,290.14. FTSE followed the same trend but lost just 1.03% saved by the early bell at 4.30pm. This morning it is losing 1% so far. Economic data continues to come very weak raising concerns over recovery.

ADP and ISM Manufacturing Fail

Published by Filipe R. Costa on Wed, 01/06/2011 - 15:52

Negative news in the US keep going. The ADP report showed that companies added just 38,000 jobs in May, down from 177,000 in April and the smallest increase since September 2010. Bloomberg News Survey was estimating 175,000 jobs. Actual figures showed a very weak number that may be interpreted as a signal that the job market is deteriorating.

US Consumer Is Not Confident

Published by Filipe R. Costa on Wed, 01/06/2011 - 11:01
slow consumer confidence

Market commentary for 31st May: The day was good for equities with both the Dow and the FTSE gaining around 1% after some days of turbulence. FTSE was helped by news on Greece that increased the likelihood of a second bailout. Euro rose on the news. From the other side of the Atlantic, economic news continue to surprise negatively.

A Well Deserved Break

Published by Filipe R. Costa on Tue, 31/05/2011 - 09:20
beach holiday

Market commentary for 30th May: With the Spring Bank holiday in the UK and Memorial day in the US, there's nothing major to say about equities. US and UK markets were closed yesterday and the Asian session haven't impacted much on index futures during Sunday night.

Home Sales Are (Really) Pending

Published by Filipe R. Costa on Mon, 30/05/2011 - 10:01
home sale pending

Market commentary for May 27th: Shares ended Friday's session with a gain but were modestly lower for the week. Data on Friday confirmed some weakness in consumer spending for the US economy already seen in the GDP report