Market Morning Briefing: Dollar Index Has Risen To Test 93
STOCKS Dow has to sustain above 35000 to keep the chances alive of breaking above 35250. Else a fall is possible. DAX seems to lack strength to break above 15800 and can retain its 15200-15800 range for some more time....
Market may be in the ‘biggest bubble of my career,’ all-star investor Rich Bernstein warns
An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from...
Job openings surge above 10 million for first time ever, Labor Department says
The number of job openings in the U.S. economy jumped to more than 10 million in June, the highest on record, as the U.S. labor market continues a choppy recovery from last year’s economic shutdowns, the Labor Department said Monday....
EURUSD – An Uninspiring Breakout
Running out of steam? What a week it’s been for the dollar. Since last week’s poor ADP we’ve had strong ISM data, hawkish Fed commentary and, finally, a knockout jobs report. Suddenly, it feels that a tapering announcement is almost...
AUDUSD Finds Support but Outlook Still Bearish
AUDUSD gained some positive traction after steadying in the well-established 0.7335 support region following Friday’s sharp selloff. The price is currently moving higher and the stochastics are also pointing up, suggesting there could be further moderate gains in the coming...
Dollar Digesting Gains Awaiting Fed Speaks, Markets Turned Mixed
Overall markets are mixed today, as Dollar is digesting some of last week’s gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest...
AUD/USD Pair Started a Fresh Decline from 0.7420
The Aussie Dollar failed to clear the 0.7420 resistance zone against the US Dollar. The AUD/USD pair started a fresh decline and it broke the 0.7400 support zone. There was also a break below the key 0.7375 support level and...
Stocks making the biggest moves in the premarket: Sanderson Farms, U.S. Foods, Tyson Foods and more
Take a look at some of the biggest movers in the premarket: Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm...
Dollar Eases From Post-NFP Highs, Gold Steadies After Crash
Dollar off highs but elevated after strong NFP puts September taper back on the table Gold plunges below $1,700 before rebounding as yields spike, but oil’s rout deepens Stocks undaunted by prospect of earlier Fed tapering as Wall Street sets...
Gold Smashed in Ultra Thin Trading, Dollar Slightly Firmer
While the currency markets are rather quite, big surprise is found in gold price, which smashed to as low as 1684, hitting the lowest level since March. Silver also tumbled to as an eight-month low of 22.5. The move was,...
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