LAGFX Forex Learning Lounge

2021-08-19 12:17:30 US lower premarket, Dow falls 350 points
Equities on Wall Street traded lower in the premarket session on Thursday, as yesterday's comments on tapering and the state of the economy by the United States Federal Reserve continue to move markets. Meanwhile, Cisco, Nvidia, and Robinhood all reported increases in their total revenues for the latest quarter, with Macy's due to unveil its earnings report before the opening bell rings.

In other news, US health officials stated that the country will start offering COVID-19 vaccine booster shots from September 20th, as they assured the public that the vaccine is effective in preventing severe cases of the virus. Lastly, Afghanistan continues to dominate the news, with questions arising about the accuracy of the intelligence on the ground.

The Dow Jones lost 1.00% or 350 points at 4:23 am ET. Meanwhile, the Nasdaq 100 and the S&P 500 dropped 0.91% and 0.94% respectively a minute later. The euro fell 0.21% against the dollar at 4:25 am ET trading for $1.16869.

Relevant Symbols - EUR/USD, bUS500, bUS30 & bUSTECH100 Open / Comment

2021-08-18 21:30:50 Dow falls 150 pts after FOMC meeting minutes
The Dow Jones Industrial Average index lost over 150 points on Wednesday after the minutes from the United States Federal Open Market Committee's (FOMC) July meeting revealed that most Fed officials feel "that it could be appropriate to start reducing the pace of asset purchases this year" as the "substantial further progress" requirement has been met regarding "the price-stability goal and as close to being satisfied with respect to the maximum employment goal."

The Dow Jones fell by 0.29%, or 101 points, at 2:26pm ET, pulled down by Chevron, Apple and Coca-Cola.

Relevant Symbols - EUR/USD, bUS500, bUS30 & bUSTECH100 Open / Comment

2021-08-18 21:29:09 Risks to economic outlook remain - FOMC minutes
The progress in vaccination against COVID-19 in the United States is likely to continue to reduce the impact of the pandemic on the economy but risks to the outlook are still present, the United States Federal Open Market Committee (FOMC) said in minutes from its July meeting released on Wednesday.

The minutes showed that many participants noted uncertainty is "quite high" as the spread of the Delta variant of the virus and a slowdown in vaccinations are "posing downside risks to the economic outlook."

The FOMC also noted that most participants believe tapering "could be appropriate" before the end of the year but stressed that tapering does "not amount to a tightening of the stance of monetary policy." Meanwhile, others noted it would be better to wait until 2022 to reduce asset purchases. Open / Comment

2021-08-17 18:00:03 This weeks Fundamental Report by LAGFX:

- Apologies for the delay on this report

Today was our busiest day fundamentally, evidenced by the markets. We have seen mass volatility within today's session.

We hope everyone has managed to take advantage of this and continues to have a great trading week!

- @JamesLAGFX Open / Comment

2021-08-13 16:43:19 US opens mostly higher with Dow, S&P at new records
Shares on the major stock market indexes in the United States traded mostly higher as the session started on Friday with the Dow Jones Industrial Average and the S&P 500 extending yesterday's gains and reaching new all-time highs.

The upbeat sentiment was seemingly backed by better-than-expected financial reports, as Palantir, AirBnB, and Disney beat the analysts' estimates to end the earnings-heavy month.

The Dow Jones gained 0.27% or 96 points, at the open. The S&P 500 increased by 0.12% as the session started. The Nasdaq 100 stood flat at the same time, with Moderna soaring 2.61% a minute into the session.

The euro jumped 0.34% versus the dollar at 9:28 am ET, selling for 1.17702. Open / Comment

2021-08-13 13:34:14 Cryptos bounce back, Bitcoin above $46,000
Cryptocurrencies traded higher on Friday, as they recovered from yesterday’s slump, with investors shrugging off the uncertainties related to calls for increased regulations for crypto-markets.

The world's largest cryptocurrency Bitcoin traded 4.16% higher going for $46,270 at 5:59 am ET. Meanwhile, Ethereum also increased by 5.88% trading for $3,227 a minute later at 6 am ET.

Relevant Symbols - ETHUSDT & BTCUSD Open / Comment

2021-08-10 23:11:24 Coinbase's Q2 total revenue at $2.2 billion
Coinbase Global Inc. unveiled on Tuesday that its total revenue for the second quarter of the fiscal year climbed to $2.2 billion.

Relevant Symbols - COIN Open / Comment