Tag: euro

Dollar Losing Ground Vs. Euro After Draghi's Comments

Posted on by The INO.com Team

(RTTNews) - The dollar has pulled back against its major European competitors on Thursday, following comments made by Mario Draghi in defense of the Euro. The comments also sparked a rally in European stock markets and the Spanish 10-year yield dropped more than 30 points to around 6.82 percent, after climbing to a record 7.60 percent earlier in the week.

The European Central Bank President Mario Draghi on Thursday said the bank is prepared to take whatever measures needed to preserve the euro. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," he told an investment conference in London. "And believe me, it will be enough." Continue reading "Dollar Losing Ground Vs. Euro After Draghi's Comments" →

Daily Video Update: When Mario speaks, the markets freak!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 26th of July.

Here is what Mario Draghi, the President of the European Central Bank (ECB), said today in Europe that freaked the markets:

"Within our mandate, the ECB is ready to do whatever it takes to preserve the Euro. And believe me, it will be enough."

My thoughts are, talk is cheap, show us the money Mario!

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Daily Video Update: A swing and a miss for Apple

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 25th of July.

Perception and expectations can be everything in the markets, and these two powerful forces sometimes trump the fundamentals and the technicals. Such was the case yesterday, when Apple reported its numbers for the quarter. It was a swing and a miss for Apple as they missed on both the top and bottom line. The after market was swift in its perception of the numbers, and pushed Apple down over 5% later in the day.

Today's early rally in stocks was largely caused by no more bad news from Europe, the Euro rally, and Caterpillar's earnings.

Let's not get carried away with happy times are here again, we still have a myriad of problems here in the US and all of the same growing problems in Europe. These problems, in our opinion, are going to be a drag on the market for the rest of the year. Continue reading "Daily Video Update: A swing and a miss for Apple" →

Daily Video Update: Can Apple save the market?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 24th of July.

After the close today, Apple reports its earnings for Q2 and expectations as always, are very high for Apple. Should Apple just meet those expectations, we think it will be a negative for the market. Should Apple exceed those expectations wildly on the upside, then we think it will give a bump to the tech sector, but it will be temporary. People are not buying iPhones right now as everyone is waiting for the new iPhone 5 to make its debut. The iPhone 5 is scheduled to come out later this year.

Cyclically we see the general market under pressure and to the downside for the balance of the year. Continue reading "Daily Video Update: Can Apple save the market?" →

Daily Video Update: Black Monday or a Buying Opportunity?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 23rd of July.

With all eyes on Spain and the dismal performance in Europe this morning, US equities are under heavy pressure. The question is, is this a buying opportunity? We don't think so. As we were saying all last week, the equity markets are coming off a cyclic high period and should be on the defensive for most of this week.

Many companies will be reporting earnings this week, including Apple and Facebook. Continue reading "Daily Video Update: Black Monday or a Buying Opportunity?" →