GER30 Index Gains Ground above 200-SMA; Looks Overbought
The GER30 index stepped on the 200-period simple moving average (SMA) on Wednesday and accelerated to one-month highs. While the RSI’s peak in the overbought territory suggests that the rally is overstretched and is time for a downside correction, the...
US second-quarter productivity unrevised at 2.3%
A worker inspects finished boots at the L.L. Bean manufacturing facility in Brunswick, Maine. Legislative bodies and companies are starting to recognize that workers need flexible paid leave policies to boost productivity and lower stress. Shiho Fukada | Bloomberg |...
US weekly jobless claims increase marginally
Betty Fernandez (L), from Macy’s department store, speaks with Paul Cunningham about job openings during a job fair put on by Miami-Dade County and other sponsors on April 05, 2019 in Miami, Florida. Joe Raedle | Getty Images The number...
Risk-On Mode Spikes As US-China Set For October Talks, No-Deal Brexit Chances Grow Slim
Markets offered rare chance to break through gloomy sentiment Pound posts gains against most G10, Asian currencies; GBPUSD still 1.6 percent lower since Johnson became PM Global investors keeping optimism in check, until path towards US-China trade deal, Brexit deal...
Sentiments Lifted as US-China Trade Talk Will Resume Next Month, Yen Weakens
Asian markets are generally lifted by confirmation that US-China trade talk is going to resume next month. Commodity currencies gain most as led by Australian Dollar. Swiss Franc and Yen are pressured in risk seeking environment naturally. But Sterling also...
Elliott Wave View: IYR New All-Time-High In Sight
IYR is the ticker symbol for U.S. Real Estate ETF. Since the financial crash in 2009, the instrument is steadily rising and currently only $1 from breaking the 2007 all-time high. In the short term chart below, we can see...
BOC Sounds Less Dovish than Expected, as Housing Market and Wage Growth Improve
BOC left the policy rate unchanged at1.75%. Policymakers’ monetary policy stance was less dovish than previously anticipated. While showing more concerns about US-China trade war and downplaying GDP growth in the second quarter, the members described the current monetary policy...
Stocks making the biggest moves after hours: Slack, Cloudera and Palo Alto Networks
The Slack Technologies logo is seen on a banner outside the New York Stock Exchange (NYSE) during thew company’s IPO in New York, June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares...
Stocks making the biggest moves midday: Box, Tyson Foods, Michaels, Navistar & more
Traders work on the floor of the New York Stock Exchange (NYSE) on August 23, 2019 in New York City. Eduardo Munoz Alvarez | Getty Images Check out the companies making headlines in midday trading: Box — Shares of Box soared...
AUDCAD Capped by 0.9050 and 23.6% Fibo in a Sideways Move
AUDCAD plummeted aggressively from 0.9250 after a two-week period of producing red candles. Following the fall from the previous swing high of July 23 into a one-month trading range, the upside pressure hit a ceiling at the 0.9050 level. Positive...