S&P unchanged, NASDAQ up marginally, Dow down marginally The major indices are trading mixed in early New York trading. A snapshot of the market currently shows: S&P index -0.40 points or -0.01% at 4224.39 NASDAQ index up 7.7 points or 0.05% at 14149.18 Dow -33.48 points or -0.10% at 33843.49 In other markets, as trading gets underway shows: Spot gold
Technical Analysis
Dow up nearly 600 points as Fed concerns ease a bit. All the major indices are closing higher on the day led by the Dow industrial average which rallied near 600 points. Stocks were supported by less hawkish than expected comments from Feds Bullard and Kaplan. S&P rises for the first time five trading days S&P
Nasdaq lower. Dow and S&P higher The NASDAQ stocks are moving lower in early New York trading as Kaplan and Bullard are to start their economic Outlook discussion. Bullard turned more hawkish on Friday. Kaplan has already been one of more hawkish Fed members. A snapshot of the market currently shows: S&P index up 11.66 points or 0.28% at 4178.11 NASDAQ
Big fall today and down for the week The major European indices are ending the week on a sour note with big declines on the day. For the week the indices are also lower. Looking at the provisional closes: German DAX -1.9% France’s CAC -1.5% UK’s FTSE 100 -2.0% Spain’s Ibex -1.9% Italy’s FTSE MIB -1.8% For the week, the indices are
Midpoint comes in just below 0.9200 The USDCHF has extended higher in trading today with the overall dollar bullish bias. The move has extended the price above the 50% midpoint of the range since the April 1 high. That level comes in just below the 0.9200 level at 0.91987. If the price can stay above that level, the
Lows at 0.69405 and 0.69446 broken today The NZDUSD has continued its move to the downside over the last three days and in the process has dipped below the March swing low at 0.69405 and the April 1 swing low at 0.69446. The low price today reached 0.69223. The price is currently training 0.6936. Last week, the price move below its
Up $0.60 or 0.84% The price of WTI crude oil futures are settling at $71.64. That is up $0.60 or 0.4%. The price last Friday closed at $70.79. So for the week, the price is up $0.85. The high for the week was on Wednesday at $72.96. The low for the week was yesterday at $69.76. Technically, in
Dow down for the fifth consecutive day The major US indices are selling off into the close with the S&P and Dow industrial average near the lows for the day. The Dow closed lower for the fifth consecutive day S&P closes lower for the fourth straight day Dow has its worst week in 2021 Dow has
Third day of gains for USD/CAD The combination of US dollar strength on a hawkish Fed and plummeting commodity prices have led to a rapid rise in USD/CAD. The pair touched 1.2399 today, which is the highest since April 27. There’s a downtrend in play along wit hthe old low from March and the 100-day
Russell 2000 fell The major US indices are closing the day mixed. The Dow industrial average was the worst performer. The NASDAQ index was the best performer Technology +1.17% Healthcare +0.8% communication services +1.49% financials -2.93% energy -3.49% materials -2.2% Highlights: Dow closes down for the fourth straight day Longest losing streak since January for
The Day After (the FOMC) The day after the FOMC meeting has the USD as the strongest of the major currencies, while the CHF is the weakest as the North American session gets underway. Yesterday the dollar move sharply higher after the FOMC meeting where the fed dot plot showed more officials (7 vs 4)
Fed ups inflation expectations and said thinking about thinking about tapering The US stocks are closing lower on FOMC decision, but well off the lows. The Fed up there expectations for inflation in 2021, but still see inflation rates moving back toward just over 2% in 2022. The US 10 yield is up about eight basis points to 1.579%. That is still off
The USD is mostly lower ahead of the FOMC decision As the North American session begins, the NZD is the strongest of the majors, while the CHF is the weakest. The USD is tilted to the downside with declines versus the GBP, JPY, AUD and NZD. It is higher vs the EUR and CHF and near unchanged
Nasdaq moved lower after reaching an all-time high closing level at the close yesterday The major indices are moving lower today led by the Nasdaq one day after it reached an all time high close just yesterday. Dow down for the second day in a row S&P, NASDAQ on pace to snap three-day winning streak S&P index reached a
Traders will sift through US retail sales, PPI and other economic data ahead of the FOMC decision tomorrow A big data day in the US and the USD is going into it as the strongest of the majors, while the GBP is the weakest. The US will release retail sales, PPI and the empire manufacturing data
NASDAQ up for the third day in a row. Dow closes well of low of The major indices are closing mixed with the NASDAQ and S&P closing higher. The Nasdaq closed above the April 26th all time high close at 14138.79. The all time intraday high is at 14211.57. The S&P also closed at a new
GBP/USD falls to 1.4071, its lowest level in a month Most major currencies are still sleeping on the day but there is an interesting technical move in cable as it tests the lows from last week around 1.4073 currently. So far, buyers are trying to keep a bounce off that level as price moves up
Well… 67 pip run so far The USDCHF has rocketed higher with the dollars move higher today. The move to the upside got a nudge initially, when the lows for the day could not reach the low for the week (and bottomed in a lower swing area between 0.8930 and 0.89393. The low for the