Your first trade for Thursday, June 13
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Delta Airlines. Brian Kelly was a seller of the Oil & Gas Exploration & Production ETF. Mark Tepper was a buyer...
European Update – Equities Back In The Green
Equities quickly bounce back It didn’t take long for investors to buy the dip, with equity markets back in the green on Thursday following a two day pause which appeared to be nothing more than soft profit taking. – advertisement...
EUR/JPY Supported By 200-Hour SMA
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday’s trading session. Currently, the 200-hour simple moving average is providing support for the...
Australian Dollar Dives as Job Data Gives Nod to More RBA Rate Cuts
Australian Dollar tumbles broadly today as weak employment data solidifies the case for more RBA rate cut ahead. The headline number might be strong but the details are generally weak. The Aussie is also generally pressured by mild risk aversion...
Stocks making the biggest moves after hours: Lululemon, RH and more
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Check out the companies making headlines after the bell: Shares of fitness clothing company Lululemon rose...
Falling Employment Growth, Rising Recession Risk?
Slower employment growth is associated with rising recession probabilities and weaker GDP in the Post-Great Recession era, which often indicate the need for more monetary policy accommodation. Is an Accommodative Monetary Policy in the Near-Term? Job growth surprised to the...
SNB to Hold Rates but Could Attempt to Push Back on Rising Swiss Franc
The Swiss National Bank will hold its quarterly policy meeting on Thursday with the announcement expected at 07:30 GMT. No changes in the Bank’s super low interest rates are being anticipated, but with the Swiss franc appreciating substantially in recent...
Copper Futures Attempt to Break above Descending Channel
Copper futures for July delivery have unsuccessfully attempted to pierce the upper boundary of the one-month old descending channel (2.695) on Tuesday. The positive momentum in the MACD signals that upside pressures may return in the short-term, but the price...
Dollar Survives Slight US CPI Miss, But No Turnaround Yet
The forex markets are rather mixed today. Dollar suffered very brief selling after CPI miss. But the greenback quickly regains footing as the readings are not bad enough to push Fed for a cut. For now, Sterling is the strongest...
USDMXN Holds in Ichimoku Cloud after Negative Gap
USDMXN has dropped considerably over the previous couple of days, after the negative gap, remaining within the 200- and 50-day simple moving averages (SMAs). Currently, the pair is also hovering in the Ichimoku cloud and is trying to surpass the...
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