Day: February 5, 2019
These stocks are expected to be the winners and losers in President Trump’s State of the Union
Infrastructure names could be winners and pharmaceutical stocks losers in President Donald Trump’s State of the Union speech Tuesday night if he goes after two areas where Wall Street strategists expect there might be some bipartisan support. Trump may also tout defense spending, and he may mention progress on trade talks with China after meetings …
New Zealand Jobs Growth Likely Slowed in Q4; May Put Kiwi Rebound at Risk
Employment data out of New Zealand will be watched on Thursday (Wednesday, 21:45 GMT) as investors try to gauge the Reserve Bank of New Zealand’s next move ahead of the central bank’s policy meeting the following week. Recent economic indicators from the country have been showing an improving trend, lessening the need for a rate …
New Zealand Jobs Growth Likely Slowed in Q4; May Put Kiwi Rebound at RiskRead More
MARKET WRAP: Bond Yields Dropped And Stocks Moved Higher
Risk on trade was the most popular trade once again and this pushed the equity markets higher. However, we also saw the gold price and Japanese yen moving higher as well. Stocks The S&P 500 index jumped 0.2 percent as of 15:31 London time hitting the highest level in two months. The Stoxx Europe 600 …
MARKET WRAP: Bond Yields Dropped And Stocks Moved HigherRead More
GBP/USD Outlook: Bears Crack 1.30 Level, Eye Pivotal Support at 1.2904
Cable cracked 1.30 support in extension of weakness after lower than expected UK service sector PMI in Jan, released earlier today. Downside pressure increased after Monday’s close below 200SMA and sustained break below 1.30 and rising 20SMA (1.2977) would spark fresh bearish acceleration towards next pivotal support at 1.2904 (100SMA/Fibo 38.2% of 1.2397/1.3217), violation of …
GBP/USD Outlook: Bears Crack 1.30 Level, Eye Pivotal Support at 1.2904Read More
Your first trade for Tuesday, February 5
The “Fast Money” traders shared their first moves for the market open. Carter Worth was a buyer of the Russell 2000 ETF. Steve Grasso was a buyer of the Health Care ETF. Mark Tepper was a seller of Tesla. Dan Nathan was a buyer of Sirius XM. Trader disclosure: Steve Grasso is long stock AAPL, …
Swiss Franc Leads European Majors Lower, Dollar Fighting Back
European majors are generally under pressure today. Weak economic data from Eurozone and UK is one of the factors. Stocks are indifferent to the data though, and rise broadly probably on expectation that loose monetary policy will stay longer. Selloff in Swiss Franc is also apparent, in particular with USD/CHF and EUR/CHF taking out near …
Swiss Franc Leads European Majors Lower, Dollar Fighting BackRead More
USD/JPY Outlook: Pivotal 110 Barrier Continues To Resist
The pair maintains positive tone on Tuesday and holds near strong 110.00 barrier, but so far without clear break higher, despite Monday’s spike to 110.16 (new 2019 high). Lower volumes in Asia due to holidays slowed the activity, with lack of bullish momentum and overbought slow stochastic, contributing to the pair’s hesitation at 110 pivot. …
USD/JPY Outlook: Pivotal 110 Barrier Continues To ResistRead More
Interest Rates and the Forex Market
There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency isthe fundamental factor that prevails above them all. Simply put, money attempts to follow the currency with the highest real interest rate. The real interest rate is the nominal interest rate less …
Elliott Wave Analysis with Paul Bratby | Podcast
Key points covered in this podcast Why Elliott Wave is a viable approach for traders The importance of understanding the behaviour of institutional traders Swing trading vs day trading: The differences to know When you look at the tools used by traders who demonstrate strong risk management, Elliott Wave is often a common denominator. Paul …
Aussie Jumps After Hawkish RBA Statement
The Japanese yen was little moved against the USD in the Asian session as the country’s service PMI numbers came out better than expected. The numbers from Nikkei-Markit showed that the services PMI were at 51.6 in January, up from 51.0 in December. This number presented a rare bright spot for the Japanese economy that …
Install your trader software at VPS server of one of the super fast providers:
Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  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 |
