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    Asian equities could take a boost after strong gains seen on US equities

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    USDMYR Technical Analysis

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    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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    Asian equities could take a boost after strong gains seen on US equities

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    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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Mixed corporate earnings left investor clueless ahead of FOMC

Pierre Veyret by Pierre Veyret
July 31, 2019
in Economy, Markets, Tech
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European markets opened mixed for a second day in a row, after investors were left clueless as trade talks in Shanghai concluded with no obvious progress nor official comments.

In addition, the flood of mixed corporate earnings hasn’t made it easy for traders to keep a clear view on where the stock markets are going. Samsung share price drifted lower after the company showed a sharp decline in profit whereas Apple went 4% up as the US tech giant topped projected revenue. Multiple automakers like Toyota, Honda, GM, Ferrari and BMW will be publishing their results later today and will provide investors with a better idea on where this sector is heading.

Photo by Medhat Dawoud. 

For now, all eyes are focused on the FOMC meeting later in the day, where a 25-basis point cut is already priced in by the market. A surprise could come from a deeper cut as well as by the tone Jerome Powell will use for his press conference, as many traders will try to assess whether other cuts are in the pipeline. The stoxx-50 remains steady this morning and is struggling to recover the 3,465.0pts level after yesterday’s decline. The FTSE-100 is edging lower after a fall below 7,650.0pts but seems to have found support 100 points below towards 7,550.0pts. There is a good chance stock markets will remain quiet with no clear direction until the highly anticipated FOMC meeting tonight, ahead of next Friday’s job report.

Tags: AppleBMWFerrariFOMCFTSE100GMHondaSamsungStoxx-50ToyotaUS-China trade talks
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Pierre Veyret

Pierre Veyret

While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).

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