Your first trade for Friday, August 24
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Tencent Karen Finerman was a buyer of Alibaba Brian Kelly was a buyer of the United States Oil Fund Steve Grasso was...
Mixed Fedspeaks and Durables, Dollar Recovery Lost Steam as Powell Eyed
Dollar trades broadly lower today, except versus Yen as it’s recovery quickly lost steam. Comments from Fed officials are mixed while markets are awaiting Fed chair Jerome Powell’s speech at Jackson Hole symposium at 1400GMT. Durable goods orders report is...
Dollar Loses Ground ahead of Powell’s Jackson Hole Speech; Oil Rallies
Here are the latest developments in global markets: FOREX: Dollar/yen pulled back below a two-week high of 111.48 reached early today, falling to 111.30, near Thursday’s close price ahead of Powell’s Jackson Hole speech. The dollar index, which measures the...
Fed’s Mester raises GDP outlook, still thinks gradual rate increase path appropriate
Cleveland Federal Reserve President Loretta Mester raised her outlook for the economy and gross domestic product for 2018, adding that the central bank’s plan for gradual interest rate increases is appropriate. “I’ve been upping my forecast. I’m now at 2.75...
Pound Edges Higher ahead of US Durable Goods
The British pound has reversed directions on Friday session and posted gains. In North American trade, GBP/USD is trading at 1.2845, up 0.26% on the day. On the release front, the number of mortgages approved by major UK banks dropped...
Stocks making the biggest move premarket: FL, HIBB, NFLX, INTU & more
Check out the companies making headlines before the bell: Foot Locker – Foot Locker reported adjusted quarterly earnings of 75 cents per share, 5 cents a share above estimates. Revenue also beat forecasts, however comparable-store sales rose by 0.5 percent,...
Fed’s James Bullard says he would ‘stand pat’ on rates for rest of the year
St. Louis Federal Reserve President James Bullard does not want the central bank to raise rates again this year. “If it was just me, I’d stand pat where we are and I’d try to react to data as it comes...
USD/CAD – Canadian Dollar Stems Slide, U.S Durable Goods Next
The Canadian dollar is steady in the Friday session, after recording sharp losses on Thursday. In North American trade, USD/CAD is trading at 1.3066, down 0.11% on the day. On the release front, investors are braced for mixed results from...
Netflix shares rise after SunTrust upgrades the streaming giant on its opportunity in India
SunTrust says Netflix shares will rise due to its success in international markets. The firm raised it rating for Netflix shares to buy from hold, saying its web search trend analysis is pointing to strong subscriber results for the company’s...
Becoming a Better Trader – Maximizing Breakout and Pullback Strategies
Today, we discussed how to combine breakout and pullback entries to take advantage of a chart set-up and maximize your risk/reward profile for increased robustness. There are times when an initial set-up will present an opportunity to trade along the...
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