Year: 2019
New year begins, jobless claims and manufacturing data: 3 things to watch for on Thursday
Trader Peter Tuchman reacts as the final day of trading for the year draws to a close at the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., December 29, 2017. Andrew Kelly | Reuters Here’s what you need to know about Thursday before you hit the door for New Year’s Eve. New year …
New year begins, jobless claims and manufacturing data: 3 things to watch for on ThursdayRead More
After its strongest year in a decade, Apple stock is historically expensive on a price-to-earnings basis
Tim Cook, CEO of Apple Inc. Getty Images Apple stock is on pace to close out a year of explosive growth, and another key metric has reached a historic high, too. Apple’s trailing price-to-earnings (P/E) ratio steadily climbed this year alongside its stock price. Apple began the year with a trailing P/E ratio just over …
US consumer confidence dips in December
People shopping at a Costco store Scott McIntyre | Bloomberg | Getty Images U.S. consumer confidence dipped slightly in December, according to data released by The Conference Board on Tuesday. The metric came in at 126.5 for the month, down from 126.8 in November. Economists polled by Reuters expected a reading of 128.2 for December. …
US home prices gains accelerate in October for 2nd month
U.S. home prices rose faster in October than the previous month as many would-be buyers competed for a limited supply of available properties. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.2% in October from a year ago, up from a 2.1% annual gain in September. The Tuesday report suggests that home price increases …
US home prices gains accelerate in October for 2nd monthRead More
Dollar Ends the Year With Accelerated Selloff
Dollar selloff accelerates further as 2019 is heading to an end. The signing of US-China trade deal phase one should now be confirmed, but that provides little support to the greenback. Instead, Dollar dives through some key technical levels. As for today, Sterling is the strongest one, followed by Canadian, and then Aussie. Euro is …
GBPUSD Rebound May Face Challenge Within Nearby Resistance Area
GBPUSD is pushing on with efforts to correct the sharp sell-off off the 1 ½-year high of 1.3513 which led to 1.2900 last week. The price has returned into the 1.3100 territory and is trying to expand above the 20-day simple moving average (SMA). However even though the RSI and the MACD are holding an …
GBPUSD Rebound May Face Challenge Within Nearby Resistance AreaRead More
CHI 50 Stock Index Targets 2019 Peak But Bulls May Lose Momentum
ChIna’s 50 stock index (CHI50) closed the year slightly below the 2019 top of 14,456 on Tuesday. Technically, the positive momentum in the MACD, which jumped above its red signal line, suggests that there is still some room for improvement in the short-term. The RSI is bullish as well, though the indicator is not far …
CHI 50 Stock Index Targets 2019 Peak But Bulls May Lose MomentumRead More
USDCAD Ready to Test 2019 Lows
USDCAD posted significant losses in recent days, with the pair now looking ready to test the 2019 low of 1.3015 at any moment. If sellers manage to pierce and close below that zone, that would turn the broader picture to negative, setting the stage for more declines in the New Year. Short term momentum oscillators …
Gold Levitates Higher, Wall Street and Dollar Retreat
Gold freight train rolls past $1520, fueled by decline in dollar & Treasury yields US stocks pull back despite positive trade news – will Trump target the EU next? Have a great New Year! Gold extends gains on weaker dollar, lower yields A broad-based decline in the US dollar remains the dominant theme in the …
Gold Levitates Higher, Wall Street and Dollar RetreatRead More
Reflective Markets as the New Year Nears
Notes/Observations Happy New Year!!!! Hopefully 2020 will provide perfect vision in your trading EU session very quiet as participants avoid fresh positions Asia: South Korea Dec CPI M/M: 0.2% v 0.1%e; Y/Y: 0.7% v 0.6%e ; Overall 2019 Avg CPI of 0.4% at the slowest pace since 1966 South Korea Jan Business Manufacturing Survey: 73 …
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Finance news
 Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More  Fears of a Fed mistake grow as this week’s anticipated interest rate hike loomsJerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic ... Read More |
