Asia Morning: S&P, Nasdaq At Records Again, Dow Eases
On Tuesday, U.S. stocks closed mixed. While both the S&P 500 (+12 points or 0.36% to 3443) and the Nasdaq 100 (+95 points or 0.82% to 11721) closed at record levels again, the Dow Jones Industrial Average eased 60 points...
Stocks making the biggest moves midday: Gap, Medtronic, Apple, Starbucks, Chipotle and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Medtronic — Shares of the medical device company rose 3.5% after Medtronic beat Wall Street expectations for its fiscal...
WTI Oil Outlook: Oil Prices Rise on Reduced Output by Tropical Storms
WTI Oil Outlook: Oil prices rise on reduced output by tropical storms / trade optimism but struggle again to clear key Fibo resistance WTI price accelerated over $1 in mid-European / early US session on Tuesday and hit new three-week...
USD/CAD Dips on Mixed US Data
The Canadian dollar has posted slight gains in Tuesday trade. Early in the North American session, USD/CAD is trading at 1.3186, down 0.23% on the day. US consumer confidence slides The US consumer held on tighter to the purse strings...
Sales of newly built homes surge 36% in July
Daniel Acker | Bloomberg | Getty Images Sales of newly built homes soared across the nation in July, as pent-up demand from the shutdown spring market, urban flight and a new desire for more work-at-home space fueled the growth. As...
EURCHF Underperforms Below 200-SMA; Neutral Bias
EURCHF has been underperforming, breaking back below the key 200-period simple moving average (SMA) in the 4-hour chart. When looking at the bigger picture the pair lacks a clear trend and has been consolidating since July 14. Prices pulled back...
Euro Rises on German Data, Yen Tumbles Broadly
European majors, as well as stock indices, are boosted by better than expected Germany business sentiments, as well as small than expected Q2 GDP contraction. There were talks that investors welcomed the US-China trade phone calls. But judging from the...
EU Indices Still Up This Morning | TA Focus On Ferrexpo
INDICESYesterday, European stocks were broadly higher. The Stoxx Europe 600 Index jumped 1.58%, Germany’s DAX 30 surged 2.36%, France’s CAC 40 gained 2.28%, and the U.K.’s FTSE 100 was up 1.58%. EUROPE ADVANCE/DECLINE86% of STOXX 600 constituents traded higher yesterday.74%...
Fiscal Stalemate to Lead to More Fed Stimulus and Further USD Weakness
We expect US dollar’s downtrend to resume downtrend in coming months after consolidation. Fiscal stalemate suggests that the Fed would shoulder more burdens in delivering stimulus. This should lead yields to decline further, supporting weakness in the greenback. Stalled Hopes...
S&P 500 Hit Record, Forex Markets Yawn in Range
Coronavirus vaccine optimism sent US stocks to record high overnight but the positive sentiments are not carried forward to Asia. The forex markets are also treading water, with major pairs and crosses stuck inside last week’s range. US and Canadian...
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