The S&P index and NASDAQ index are both closing lower in the day. It’s the second consecutive day to the downside for each of those broader indices. The Dow Industrial Average squeaked out a small gain on the day. The S&P index tested its 200 day moving average at 3940.31. The low price reached 3939.05
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With US futures weighed down today amid higher Treasury yields, the mood isn’t looking good ahead of European trading. That said, Wall Street will be the main focus as the S&P 500 is running into a test of key technical levels once again this week: The 200-day moving average (blue line) at 3,940 is the
Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world’s top oil importer, which offset worries about a rise in U.S. crude inventories. Brent crude futures rose 12 cents, or 0.1%, to $84.43 a barrel at 0231
Asian markets traded on a positive note as sentiment was lifted by better-than-expected economic data from China. The strong performance of Hong Kong stocks was a clear indication of the positive outlook Commodity currencies staged a remarkable rebound, as led by New Zealand Dollar. In contrast, the Yen and the Dollar experienced mild weakness during
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates
Share: AUD/USD rallies towards trendline resistance. Bears could be lurking in the 0.68s as W-formation is a pull. AUD/USD bulls were thrown a lifeline in Asia following Chinese data that surprised in a big way to the upside, following a disappointment in local data from Australia that would have otherwise tipped the bias to the
The USDCHF is trading near the days midrange after finding sellers near what is the 4 day high and then finding buyers near the 4-day low. Looking at the hourly chart, the high price from Monday’s trade reached 0.94284. The high price today extended to 0.94278 just below that high in the early Asian session.
The oil market is in an interesting spot at the moment. The US has had a series of strong inventory builds, though there are questions about the quality of the data. The bulls though are pointing to China and a ramp up in demand in the second half of the year, along with potential stimulus
Oil edged lower on Wednesday, giving up earlier gains as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a jump in manufacturing in top crude importer China. Brent crude was down 17 cents, or 0.2%, at $83.28 a barrel by 1455 GMT. U.S. West Texas Intermediate (WTI)
Two major themes are vying for attention today. Euro has seen broad gains following hawkish comments from Bundesbank President Joachim Nagel. In contrast, the remarks of BoE Governor Andrew Bailey have left Sterling struggling to keep pace. As these European majors trade blows, the Swiss Franc has been pushed higher too. Meanwhile, both Australian and
In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic Virgin Galactic said on Tuesday it remains on track to resume spaceflights in the coming months after completing upgrades to
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Jack Dorsey, co-founder of the online microblogging service Twitter, is progressing with Bluesky, a decentralized Twitter alternative, as its mobile application is now being tested in private beta. Bluesky has hit the App Store as an invite-only app, allowing certain persons to try out the new social experience by creating an account via an invite
Share: UOB Group’s Economist Lee Sue Ann and Market Strategist Quek Ser Leang suggested EUR/USD is now likely to trade within the 1.0530-1.0670 range in the near term. Key Quotes 24-hour view: “We highlighted yesterday that the robust rebound in EUR could extend but a sustained rise above 1.0625 is unlikely. We indicated, the next
Bears have the ball for S&P 500 emini futures: A technical analysis for the last day of February 2023 The S&P 500 Mini Futures experienced a potential bull flag at a price junction, but unfortunately, it did not break out. Instead, it broke down and got rejected in a bearish close for the day. The
China’s National Bureau of Statistics PMIs showed a huge jump for manufacturing (52.6 in February, its highest since April 2012, from 50.1 in January) and non-manufacturing (56.3 from 54.4) today. Hong Kong stocks have surged, the Hang Seng is up around 3%, while on mainland China the Shanghai Composite is up around 0.8%. An underpinning