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The worst unemployment report since the Depression era screamed across computer and television screens Friday morning, announcing that a breathtaking 20.5 million Americans lost their jobs in April and unemployment rate soared to 14.7%. Wall Street’s response? All three major U.S. indexes finished last week with gains; the S&P 500 has bounced more than 30%…
It’s fair to say that the brutality of the coronavirus stock market crash caught everyone off guard. But while we’re still licking our wounds, and as the coronavirus pushes millions into unemployment and a deep recession looms large over the global economy, it seems that America’s billionaires are becoming even richer. According to a new…
Yesterdays price action was particularly important, as at 13:30 (UK time) we had the US GDP numbers. Additionally, yesterday we received news from Gilead Science that one of the drugs they are working on for Coronavirus seems to be extremely effective in curing those who are ill with the virus. To find out how this…
As more and more countries are easing their lockdown rules, investors are feeling positive. Signs of life going back to normal seem to be around the corner. Additionally, Intercontinental announced that they are opening all of their hotels in China, this means the tourism industry is slowly reopening. To find out more watch AvaTrade’s Chief…
Whilst some countries are relaxing their lockdown policies, British Prime Minister Boris Johnson announced today that he will not be loosening the regulations regarding social distancing. He is also not eager to reopen the economy to quickly, as the UK is worried about a second wave of Covid-19. To learn more about Coronavirus and its…
Coming into 2020, it had been 11 years since investors encountered a true bear market. However, worries about the economic impacts of the coronavirus pandemic quickly brought this streak to an end. Interestingly enough, we have witnessed a V-shaped recovery, though it has been in the stock market, not in the economy. On the one…
Markets are trading to the downside. This is because investors were hoping that the drug for Covid-19 that Gilead Science was working on would bring an end to the virus and to the economic crisis. However, as results were not as expected, we can see this effecting the markets. To find out more about Covid-19…
Thought you got hammered in the market? Despite the fact that Warren Buffett has an excellent track record of navigating market crashes, take a look at The Oracle of Omaha’s portfolio, and you might feel a lot better about yours: % of Total Performance (%) Ticker Company Name Portfolio YTD Since 2/19 AAPL Apple…
Looking at the European economic numbers it is clear that Covid-19 is having a huge affect on the markets. As a result of these numbers the European Central Bank has followed in the footsteps of the Fed and will buy junk bonds. Additionally, they will be developing an EU fund which will provide some support…
“I’ve long felt that the only value of stock forecasters is to make fortune-tellers look good. Even now, I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”- Warren Buffett Prophecy, it…
Equity markets are trading higher as the US got approval for 500 billion dollars’ worth of loan for small business. Investors were very worried about the small business as bankruptcy would hugely affect the markets. Whilst equity markets are rising, Oil is at an all-time historic low. Watch Naeem Aslam AvaTrade’s Chief Market Analyst to…
Coronavirus continues to affect the financial markets. The extent of the ramifications of the virus are still unknown, however, yesterday we saw a dramatic turn as crude oil traded in negative territory. To understand this dramatic change, and learn more about the effects of the virus on the markets watch AvaTrade’s Chief Market Analyst Naeem…
All eyes are on Britain’s exist strategy. The pressure is on Boris Johnson who suffered criticism for starting the lockdown to late, and therefore caused damage to the economy and to the health of his citizens. How is the Dollar/Sterling trading as a result of the lockdown? Watch Naeem Aslam AvaTrade’s Chief Market Analyst to…
Donald Trump announced the partial reopening of the US economy – this caused major indices to rise almost 800 points. The equity markets are also rising as a result of the news of the re-opening of the biggest economy in the world. Despite all of this are the markets going to drop again? Watch Naeem…
Traders are unsure whether to be hopeful or pessimistic. On the one hand there is huge optimism as China reopens its economy and the pandemic seems to be finally under control, on the other hand countries like the US seem to still be fighting a losing battle against Covid-19. Watch Naeem Aslam, AvaTrade’s Chief Market…
Over in Germany we can see a surge in the number of Coronavirus cases, however it is interesting to note that Germany has announced that their lockdown will continue until the 3rd of May. Clearly Germany is in no rush to re-open the economy. The US seem to be doing quite the opposite. Donald Trump…
After seeing some wild daily swings in March, could the economic instability inflicted by the coronavirus pandemic be setting up gold prices to break out to new highs in April? Gold prices gained in volatile trading this week amid weakening appetite for risk as rising deaths dampened hopes for a swift containment of the coronavirus….
U.S. stocks are coming off their biggest week of gains since 1974. The S&P 500 rebounded 25% from a low reached on March 23rd, and so did the broader market average. The market’s latest rally has been fueled mainly by three factors: an improving outlook on the coronavirus outbreak, massive monetary and fiscal stimulus and…
Looking at the import and export numbers coming from China we can be optimistic. The numbers are far better than expected. Whilst this is a reason for some optimism we must keep in mind that the world’s biggest economy, the United States, is still suffering greatly from the Coronavirus. To learn more watch AvaTrade’s Chief…
The federal Reserve has increased its liquidity program by another 2.3 trillion dollars. It has increased its liquidity program to try and cushion the effects of coronavirus on the markets. Additionally, the Equity market continues to show its resilience in the face of coronavirus. Is this as a result of the Federal Reserve’s monetary…
