FSW Asset Management Company

FSW Asset Management Company Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from FSW Asset Management Company, Financial service, Ropemaker Street, 1 Ropemaker Street London, London.

🌈Since its establishment 12 years ago, 🎯FSW has helped hundreds of thousands of investors realize the appreciation of their wealth and assets

✅Professional and attentive service to users and achieving win-win situation is our mission✅

Consumer confidence in the US improved in early November, with the preliminary University of Michigan's Consumer Sentime...
08/11/2024

Consumer confidence in the US improved in early November, with the preliminary University of Michigan's Consumer Sentiment Index rising to 73 from 70.5 in October. This reading came in better than the market expectation of 71.

The Current Conditions Index declined to 64.4 from 64.9 and the Consumer Expectations Index climbed to 78.5 from 74.1.

The details of the survey showed that the one-year inflation expectation edged lower to 2.6% from 2.7%, while the five-year inflation outlook rose to 3.1% from 3%.

The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, ...
07/11/2024

The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, just barely two days after Donald Trump was elected as the 47th president of the United States. Market participants widely anticipate that the US central bank will lower the policy rate by 25 basis points (bps) to the range of 4.5%-4.75%.

The CME FedWatch Tool shows that investors are fully pricing in a 25 bps cut, while there is a nearly 70% probability of another rate reduction in December. The market positioning suggests that the US Dollar (USD) faces a two-way risk heading into the event.

EUR/USD slides swiftly to near the key support of 1.0700. The outlook of the major currency pair weakens as it breaks be...
06/11/2024

EUR/USD slides swiftly to near the key support of 1.0700. The outlook of the major currency pair weakens as it breaks below an upward-sloping trendline around 1.0750, which is plotted from the April 16 low at around 1.0600

The declining 50-day Exponential Moving Average (EMA) near 1.0930 suggests a firm bearish trend.

Additionally, the 14-day Relative Strength Index (RSI) retreats below 40.00, suggesting a resumption of the bearish momentum.

Looking down, the shared currency pair could decline to the year-to-date (YTD) low of 1.0600. On the upside, the round-level resistance of 1.0800 will act as a key barrier for the Euro bulls.

Tropical Storm Rafael is on a path that could intersect in the next five days with BP, Shell, Occidental, and Chevron ri...
05/11/2024

Tropical Storm Rafael is on a path that could intersect in the next five days with BP, Shell, Occidental, and Chevron rigs in the US Gulf region, based on data from the Bureau of Ocean Energy Management and the National Hurricane Center, Bloomberg calculates. Roughly 1.7 million barrels per day would be taken out of production.
Energy giant Saudi Aramco reported a 15% year-on-year drop in third-quarter profit on Tuesday, citing low Oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 "was mainly due to the impact of lower crude oil prices and weakening refining margins", the firm said in a statement posted to the Saudi stock exchange, Bloomberg reports.
The Kashagan field in Kazaskhstan reached full Oil production capacity on Sunday after repairs that lasted from October 7 to 28. The news was confirmed by the Ministry of Energy of the Republic and reported to Interfax. With the reopening, the overall Oil production for the republic has been revised to 88 million tons against the 90.5 million tons for 2024 previously estimated.
At 21:30 GMT, the American Petroleum Institute (API) will release the weekly stockpile change numbers for this week. Expectations are for a build of 1.8 million barrels against the draw of 0.573 million barrels last week.

The Pound Sterling holds right above a fresh 11-week low of 1.2850 against the US Dollar, which also aligns with the 200...
04/11/2024

The Pound Sterling holds right above a fresh 11-week low of 1.2850 against the US Dollar, which also aligns with the 200-day Exponential Moving Average (EMA). While the pair seems to have found a cushion near the 200-day EMA around 1.2850, the near-term trend remains uncertain as it stays below the 50-day EMA around 1.3060.

The pair remains at make or a break near the lower boundary of the Rising Channel chart formation on the daily time frame.

The 14-day Relative Strength Index (RSI) rebounds above 40.00, signaling a buying interest at lower levels.

Looking down, the round-level support of 1.2800 will be a major cushion for Pound Sterling bulls. On the upside, the Cable will face resistance near the 50-day EMA around 1.3060.

(Bloomberg) -- The Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the co...
03/11/2024

(Bloomberg) -- The Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the coming week, right after a US presidential election that may not be decided yet.

Central banks responsible for more than a third of the global economy will set borrowing costs in the wake of the vote, clinging to whatever certainties they can discern on the likely path of American policy for the next four years.

With Vice President Kamala Harris and former President Donald Trump neck-and-neck before Election Day on Nov. 5, monetary officials from Washington to London may find themselves still in suspense.

Election aside, US policymakers have already communicated a desire to proceed with a more gradual pace of rate cuts after September’s half-point reduction. Economists widely expect a quarter-point move on Thursday, followed by another in December — and their conviction grew after data on Friday showed the weakest hiring since 2020.

Fed officials try to steer clear of politics, yet they kicked off a rate-cutting cycle heading into the final stretch of an election whose outcome may hinge on how voters feel about the economy. While Chair Jerome Powell will likely stress that the current conditions warrant less restrictive policy when he speaks after the decision, he and his colleagues still risk political backlash.

The Pound Sterling gains sharply as traders pare BoE dovish bets.The BoE is expected to cut interest rates only once in ...
01/11/2024

The Pound Sterling gains sharply as traders pare BoE dovish bets.
The BoE is expected to cut interest rates only once in the remaining two meetings this year.

Gold (XAU/USD) declines almost two percentage points on Thursday after reaching a new record high of $2,790. The preciou...
31/10/2024

Gold (XAU/USD) declines almost two percentage points on Thursday after reaching a new record high of $2,790. The precious metal is trading lower in the $2,730s partly due to rising US Treasury bond yields and a stronger US Dollar (USD). Higher yields reflect elevated interest rate expectations. These, in turn, have reduced the attractiveness of non-interest-paying assets such as Gold.

Daily digest market movers: The US Dollar shows signs of weakness ahead of key US releases👉US ADP Employment has shown a...
30/10/2024

Daily digest market movers: The US Dollar shows signs of weakness ahead of key US releases
👉US ADP Employment has shown a 233K increase on private-sector payrolls in October beating expectations of a 115K increase. In the same report, September's reading has been revised up to a 159K increase, from the 143K reported last month.
👉The Q3 US Gross Domestic Product revealed that the economy grew at a 2.8% pace. These figures fall short of the 3% growth foreseen by the markets but it is comparatively strong in a global context of economic slowdown.
👉On Tuesday, the JOLTS report showed a decline to 7.44 million Job Openings in September, its weakest reading in more than three years. These figures raised concerns about a significant deterioration of the labour market and increased pressure on the US Dollar.
👉Futures markets are now nearly fully pricing in a quarter-point interest-rate cut by the Fed at its meeting next week, according to data from the CME Group’s FedWatch tool. The chances of another 25 bps cut in December have eased to 70% from 76.6% before the data release.
👉On Thursday, the Personal Consumption Expenditures (PCE) Prices Index, The Fed’s inflation data of choice, is expected to show that price pressures continue to ease, with the core reading down to 2.6% yearly from 2.7% in September.
👉The highlight of the week will be Friday’s NFP report, which is expected to show a significant decline in new payrolls. Such an outcome might hurt speculative demand on the US Dollar.

EUR/USD continues to hold above the upward-sloping trendline near 1.0750, which is plotted from the October 3, 2023, low...
29/10/2024

EUR/USD continues to hold above the upward-sloping trendline near 1.0750, which is plotted from the October 3, 2023, low at around 1.0450 on the daily time frame. However, the broader outlook of the major currency pair remains bearish as it stays below the 200-day Exponential Moving Average (EMA), which trades around 1.0900.

The downside move in the shared currency pair started after a breakdown of a Double Top formation on the daily time frame near the September 11 low at around 1.1000, which resulted in a bearish reversal.

The 14-day Relative Strength Index (RSI) ticks up but remains in the 20.00-40.00 range, pointing to more downside ahead.

On the downside, the major pair could see more weakness towards the round-level support of 1.0700 if it slips below 1.0750. Meanwhile, the 200-day EMA near 1.0900 and the psychological figure of 1.1000 emerge as key resistances.

US Dollar Index falls due to profit-taking, still trades above 104.00.Economists predict 3.0% growth for US Q3 GDP, whic...
28/10/2024

US Dollar Index falls due to profit-taking, still trades above 104.00.
Economists predict 3.0% growth for US Q3 GDP, which might continue favoring the USD.
ISM Manufacturing PMI is expected to climb four points to 47.6, while the labor market is expected to show poor results for October.

Gold Price Analysis and forecast Today:The general trend of gold prices is still strongly bullish, and with the increase...
28/10/2024

Gold Price Analysis and forecast Today:

The general trend of gold prices is still strongly bullish, and with the increase in global geopolitical tensions. Moreover, the continuation of global central banks to abandon tightening their monetary policy, bulls may remain in stronger control over the gold price trend. Currently, the closest resistance levels are $2750, $2775 and $2800 per ounce, considering that with the continued gains, all technical indicators are heading towards strong buying saturation levels. Ultimately, if the factors of gold gains calm down, prices may be exposed to strong selling operations to take profits.

Address

Ropemaker Street, 1 Ropemaker Street London
London

Website

Alerts

Be the first to know and let us send you an email when FSW Asset Management Company posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to FSW Asset Management Company:

Shortcuts

Share

Category