Little News In Trump’s State Of The Union Speech
Market movers today In the euro area, German factory orders for December will be in focus after last months’ marked declines. Markets will especially keep an eye on whether orders from car manufacturers, which declined by -8.8% y/y in November,...
Aussie Dives as RBA Lowe Put Rate Cut Back on Table, Dollar Reversing?
Australian Dollar is again the focus in Asian session today. It drops sharply on surprised turn in RBA Governor Philip Lowe’s stance. To him, the next interest rate move is no longer more likely a hike, but evenly balanced. Aussie...
EUR/USD And USD/CHF: Dollar Bulls In Control
EUR/USD started a major downside move and traded below the 1.1430 support level. USD/CHF is trading nicely above the 0.9980 support and it could trade further higher. Important Takeaways for EUR/USD and USD/CHF The Euro faced an increased selling pressure...
Asia shares mostly up as Trump delivers his second State of the Union address
Asia shares mostly rose Wednesday as investors digested U.S. President Donald Trump’s State of the Union address. In Japan, the Nikkei 225 gained 0.14 percent to close at 20,874.06 while the Topix index slipped 0.05 percent to 1,582.13. Australian shares...
Stocks making the biggest moves after hours: Snap, Disney, Electronic Arts and more
Check out the companies making headlines after the bell: Shares of Snap soared as much as 21 percent Tuesday following their fourth-quarter earnings beat. The tech company earned $390 million in revenue, beating the expected $378 million.The company posted losses...
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...
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...
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...
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...
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...
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