US stocks end week higher as House approves second bailout package
US stock market ended sharply lower on Friday despite approval by the House of Representatives of a second bailout package exceeding $2 trillion. The S&P 500 fell 3.4% to 2541.47, erasing most of previous week’s 15% loss as it...
Dow logs back to back gains
US stock market posted back to back gains on Wednesday. However indexes ended off daily maximums as few Senators said they wanted amendments to be made to $2 trillion economic rescue package before they would vote for it. The S&P 500 gained 1.2% to 2475.56. The Dow...
Nasdaq records worst loss ever
US stock market plunge accelerated on Monday despite Fed’s full percentage point rate cut Sunday and the start of the purchase of $700 billion in Treasurys and mortgage-backed securities. President Trump called on Americans to avoid gatherings of 10 people or...
Today, futures for US stock indices are “in the red” for the 6th day successively
On Wednesday, quotes of US stocks mostly closed “in the red”, despite sluggish correction attempts. US President Donald Trump said that the risks of the coronavirus epidemic are quite low and the media...
Dollar strengthening halts
US stock market ended the week on down notes on Friday as the respiratory virus spread in China. The S&P 500 fell 0.9% to 3295.47, retreating 1.0% for the week. Dow Jones industrial slid 0.6% to 28989.73. The Nasdaq lost 0.9% to 9314.91. The dollar strengthening...
Dollar weakening accelerated
US stock market pulled back on Friday after news the US airstrike killed Iran’s military commander. The S&P 500 slid 0.7% to 3234.85, booking 0.2% loss for the first trading week. Dow Jones industrial lost 0.8% to 28634.8. The Nasdaq fell 0.8% to 9020.77. The...
Dollar strengthening continues as tariffs kick in
US stock indexes markets will reopen today after Labor Day holiday. Futures on US stock indices point to lower opening today. Equities ended the month lower. The S&P 500 finished August 1.8% lower. Dow Jones industrial lost 1.7%. The Nasdaq...
Dollar rise resumes
US stock indexes resumed advancing on Wednesday after selloff spurred by Treasury yield curve inversion previous day. The S&P 500 gained 0.7% to 2887.94 led by energy shares. The Dow Jones industrial average rose 1.0% to 26036.10. Nasdaq advanced 0.9% to 8020. The dollar...
Dollar strengthening resumed after hawkish Fed comment
US stock indexes advance continued on Monday underpinned by stimulus hopes after President Trump’s economic adviser Larry Kudlow told on Sunday the administration was “looking at” a 10% tax cut for middle-income earners. The S&P 500...
Dollar advances despite weak home sales data
US stock market advance accelerated on Tuesday in anticipation of China trade talks resumption next week and positive corporate reports. The S&P 500 rose 0.7% to 3005.0. Dow Jones industrial advanced 0.7% to 27349 led by 6.1% gain in Cocoa Cola...
Dollar strengthens on improving consumer sentiment
US stock market advance paused on Friday as steep interest rate cut expectations moderated after New York Fed said Williams’ comments about need to ‘act quickly’ referred to his academic research and not upcoming Federal Reserve meeting. The...
Dollar weakens as inflation slows
US stock market rebound accelerated on Thursday as Powel reasserted Federal Reserve’s inclination to ease monetary policy against the background of lingering risks to global growth such as US-China trade dispute. The S&P 500 gained 0.2% to fresh record...
The U.S. dollar won a reprieve from risk aversion on Monday after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries.
Investors remained cautious over the possible economic impact of...
GBP continues decline towards 1.50
1 Hour Intraday Trading
Weaker than expected UK Construction data helped the high flying Dollar push the Sterling lower on the intraday chart, reaching a low of 1.5160 against the Dollar on the wake of the New Year. The 1 hour chart below shows us that the...
GBPUSD: The pair is now building up strength but will have to break out of its symmetrical triangle and break above the 1.6272 level to convince the market of further gains. This will open upside risk towards its Nov’2010 high at 1.6298 with a clearance of there resuming its broader long term...
EUR/USD's break of 1.3510 support last week indicates that whole decline from 1.3860 has resumed. Initial bias remains on the downside towards 100% projection at 1.3393 and possibly below. However, we'd remain cautiously bullish in EUR/USD as long as 1.3253 cluster support (61.8% retracement of...
Safe-haven currencies gained further on concerns of Egyptian crisis worsening and Asian market declines and most of the Asian currencies declined. EURUSD declined to lows of 1.3552, USDCHF moved to highs of 0.9697, GBPUSD dropped to 1.6036, USDJPY rose to highs of 83.52 on expectations of...
Forex Broker—-Greek bond auction went on well while being absorbed by forex market, easing investors’ fears against European debt crisis. The effect of Portugal downgrading by another rating institutes also got eliminated. At the same time, the US 2nd quarter business got a strong start...
Factors to look out for from Fed Chief Bernanke's testimony
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Federal Reserve Chairman Ben Bernanke will present his...
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