US futures point to a slightly higher open
U.S. stock index futures were slightly higher Monday morning. At around 2:00 a.m. ET, Dow futures climbed 23 points, indicating a slightly higher open of just 2 points. The S&P 500 and Nasdaq indexes were also marginally higher. U.S. equities...
EURUSD 1.1200 in Focus
The euro currency is testing towards the 1.1200 level against the US dolllar, following a bullish weekly price close above the pairs 200-day moving average. A breakout above the 1.1200 level exposes a potential test of the 1.1300 resistance level...
Dollar Broadly Lower as Geopolitics Dominates Headlines
Dollar trades generally lower as markets started another holiday shortened week quietly. With an empty calendar in Asia, focuses were mainly on geo-political news, which weren’t very much market moving. For now, commodity currencies are the next weakest following the...
EUR/USD: Euro Trading Higher in the Asian Session
For the 24 hours to 23:00 GMT, the EUR rose 0.75% against the USD and closed at 1.1182 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.1197, with the EUR trading 0.13% higher against the...
Investors buy into XP Investimentos’ growth story
The outlook for new equity issuance from Brazilian financial institutions in 2020 has been brightened by the strong performance of XP Investimentos’ IPO in December 2019. The Brazilian financial services group sold nearly $2 billion in shares on Nasdaq to...
DXY Driving US Dollar Pairs
Yesterday we wrote about how the DXY had a nasty move on December 25th/26th during quiet trading, which was exacerbated by the holiday with many markets closed. Price spiked lower by over 100 pips and bounced back to unchanged within...
Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020
The US dollar is on the backfoot at the end of the year as the trade truce between the US and China has opened the risk appetite flood gates. Risk aversion had limited gains in global stock markets and currencies....
Apple is the big stock king even as Wall Street grows wary
Tim Cook, CEO, Apple Brendan McDermid | Reuters Apple, one of the best-performing stocks this year, is also the name that analysts have been the most wrong about in their forecasts. The tech giant has soared 82% in 2019, the...
JP Morgan’s co-president talks about his 2020 outlook, the Big Tech threat and socially conscious investing
Daniel Pinto sees a lot from his perch atop the world’s biggest investment bank. He’s led J.P. Morgan Chase’s corporate and investment bank since 2014, a time in which the bank has steadily gained market share from rivals in trading...
Your first trade for Friday, December 27
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Gina Sanchez was a buyer of Disney. Victoria Fernandez was a buyer of Mastercard. Dan Nathan was a seller of...
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