Another “Black Monday”! Dow plunges 2997 points!
It is a "Black Monday" for the US stock market again, triggering the fourth market halt in history! The three major Wall Street indexes closed down sharply, of which the S & P 500 index fell about 12%, the biggest drop since "Black Monday" 30 years ago. View more
Market fluctuate, investors will keep cautious this week
At present, most of the analysis believes that the Fed's policy can only alleviate the market liquidity issue, but it does not have much real effect on the risk of recession caused by epidemic factors. The market reaction on Monday hinted that investors were more worried rather than more confident. Regardless, participants in the market will still digest the Fed's latest “big” move. View more
Fed rate cut to 0%, USD drops in European session
Before the market open this week, the Federal Reserve significantly reduced the fed fund rate from the target range of 1% - 1.25% to 0% - 0.25%, and also announced the implementation of quantitative easing (QE) on the scale of US $700 billion. The market sentiment has improved for a short time, but is still pessimistic. At the current European session, global stock markets are still gloomy. View more
Central banks take action, but sell-offs continue
Before the market open today, the Federal Reserve suddenly further cut the interest rate by 100 basis points. Australia, New Zealand and Japan also announce the stimulus plan together, in order to deal with the impact of the global epidemic, stimulate the frozen economy. However, market concerns have not eased and selling pressure continues. At present, the Dow futures are still falling around 1000 points. Oil prices remained sluggish, and US oil fell to the $30 level. View more
Dollar keep strong on Friday, supported by safe-haven demand
Even though the European Central Bank did not cut interest rates by 10 basis points, it did not have much support for the euro, and even some investors were disappointed that they were bearish on the economic outlook of the euro zone. It would be a negative factor to euro. The Dollar index hit the high at 98.31 last night. View more
Market sentiment improved slightly on Friday European session
Market sentiment began to improve. The three major US stock index futures stop further dropping, and they are currently bounce back more than 3%. Earlier, it was reported that Pelosi, the speaker of the US House of Representatives, was close to reaching an agreement with the Trump government that introducing measures to mitigate the economic impact of the new coronavirus epidemic. View more
“Cash is king” ,Fed takes action
Countries over the world continue to do everything possible to assure the market. The Federal Reserve announced last night that it will inject 1.5 trillion US dollars of the short-term funds into the market. However, the measures is not likely to boost investor confidence that much. View more
Worries about economic recession, oil prices fall again
The pneumonia epidemic of the new coronavirus has raged in more than 100 countries around the world, and more than 120,000 people have infected, causing huge economic losses. Besides China, Italy, Iran and South Korea have had severe outbreaks. The recent rebound in oil prices has lost the momentum. US oil (WTI) today plunged to the $ 31 mark in the Asian seesion. View more
Dollar Index rebounded in European session, ranging around 96.5
US President Trump is considering to launch a series of fiscal stimulus packages. Although there are no more details, investors are expected the US economy, to a certain extent, still buffered by the impact of the current epidemic. On the other hand, the market expects the Fed to further cut interest rates by another 50 basis points. However, the dollar has no more decline so far, which imply that it may be priced in. Some investors believe that the US economy is still relatively stable compared to other economies, and the dollar has its own advantage. View more
U.S. stocks are still dropping sharply, a bearish market technically
Trump has made a national speech in Asian session , but helplessly disappointed the market. Now, WTI futures plunged 5-6% to 31 USD per barrel, and the three major US index futures fell more than 4%. According to CME FedWatch, in March meeting, the probability of the Federal Reserve cutting the interest rate by 100 basis points to 0% -0.25%, rise to more than 90%, which was about 50% earlier. View more