PFM Trading: Micro-blogging network, Twitter, reaches double-digit age but relationship with Wall Street rocky. PFM Trading reports Twitter, the micro-blogging service, celebrates its 10th anniversary since the sending of the very first tweet by one of its co-founders, Jack Dorsey. Since then, Twitter has gone on to achieve enormous popularity but its relationship with Wall […]
PFM Trading – Markets Await Outcome Of Fed Meeting
PFM Trading says traders are waiting for the latest installment of Fed rhetoric on future rate hikes. According to PFM Trading, after rallying strongly from the lows set in January, global stock markets are awaiting the next installment of rhetoric from the Federal Reserve on the timing of future hikes in the Fed Funds rate. […]
PFM Trading Says Gold Price Surge “Impressive”
PFM Trading says that gold prices are unlikely to retest 2015 lows and advises clients to buy on price pullbacks. The surge in the price of gold so far in 2016 has “impressed” strategists at Shenzhen, China-based broker-dealer and wealth manager, PFM Trading. The firm has been bearish on the precious metal since 2012 and […]
PFM Trading Reports US Oil Rig Count Nears All-Time Low
PFM Trading says the number of operational US shale oil rigs is nearing an all-time low as pain of downturn deepens. According to PFM Trading, US shale oil rigs in operation are approaching an all-time low as drillers battle to remain afloat amid an industry downturn that shows no sign of easing. The number of […]
PFM Trading Reports Japan Equities Surge On Stimulus Hopes
PFM Trading: Japan’s Topix has its biggest daily gain since 2008 on hopes Bank of Japan will ramp up stimulus. PFM Trading says Japanese equities rallied after a week of steep losses on the TOPIX and the Nikkei 225. The Topix logged its biggest gain in over 7 years driven by investor speculation that stocks […]
PFM Trading Upbeat On Outlook For China Despite Rout
PFM Trading has moved to assuage investor fears for the mainland equity market in light of renewed selling pressure. PFM Trading has written to institutional clients in the hope of alleviating growing fears that the rout in global equity markets in general and that in mainland Chinese equities in particular could continue into the coming […]