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Daily market overview – 27/04/2016

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Daily market overview – 27/04/2016

Daily market overview – 27/04/2016
April 27
09:00 2016

Wall-Street ended on a mixed note yesterday, as the NASDAQ suffered the 4th  red day in a row, which has become the longest losing streak for the index since January. A report season is in full gear, as some of the market’s tech giants reported yesterday after closing. Apple’s report met negative expectations, and the AAPL stock dropped by 8% in the late hours of trading. Twitter also disappointed, and lost  13%! after closing.

Todays the FED will issue its monthly interest rate decision, and while analysts don’t expect a change in the rate today, we could get an insight to the Fed’s future plans. The USD is still on the soft side, despite gaining some ground against the JPY.  USD/JPY pair now is being  traded above 111, close up to 3% from its long time low reached mid-April. The EUR/USD is still looking for the direction, hovering around the 1.13 mark.

Significant hints regarding the FED’s future monetary plans can finally give the Greenback some direction, as it seems that right now investors are slightly on the fence.


Key Market Data Today:

08:30 – GBP: GDP.

14:00 – USD: Pending Home Sales Index

18:00 – USD: FED interest rate decision + FOMC statement.

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  1. Phelix
    Phelix April 27, 14:49

    The American Stock Exchange NASDAQ attracts not only traders but also investors who are lured by the opportunity to receive a high level of the volatile resource, as opposed to its competitors, which is a major advantage.

    Reply to this comment
  2. Dina
    Dina April 27, 17:01

    The price of the Apple shares can be influenced by different factors, amid falling profits and revenues, for instance.

    Reply to this comment

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