Market is entering one of the year’s toughest periods, CFRA’s Sam Stovall warns
The next three months may be anything but calm. CFRA’s Sam Stovall warns the market is entering one of the toughest periods of the year. “The third quarter is by far the weakest of the four quarters of the year...
Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain over the outlook...
Pending home sales spike a record 44.3% in May, as homebuyers rush back into the market
Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of...
USD/JPY is Bullish Near-Term – Elliott Wave Analysis
On the daily chart of USDJPY we see price unfolding a bigger A-B-C move, up from 101.16 level, which can belong to a bigger triangle consolidation. As you can see, wave A found a high at the 111.74 level, from...
US 500 Index’s Sideways Shift Fades Below 200-MA
US 500 stock index (Cash) is attempting to reclaim the 200-period simple moving average (SMA) after dipping below it in the previous session. The recent horizontal glide in the price after the pullback from the three-and-a-half-month top of 3,233, has...
Mixed Start But Busy Week Ahead
It’s been an interesting start to the week in financial markets, with the usual themes continuing to dominate. There’s a huge question mark hanging over the stock market recovery , with investors seemingly not currently pricing in the prospect of...
Euro Lifted By Improve Confidence, and Tumbling Sterling
Sterling tumbles broadly today, appeared to be weighed down by UK Prime Minister Boris Johnson’s plan to double down on public investments. The selloff is particularly apparent against Euro, as the latter was lifted mildly by improvements in Eurozone confidence...
Two bank stocks could still be a buy after Fed exposes problem areas
Banks’ dividends could be at risk. Banking stocks tumbled Friday after the Federal Reserve highlighted potential vulnerabilities in the sector. The central bank suspended buybacks and capped dividends on financial institutions through the third quarter after its recent stress tests....
Slow Start To Condensed Trading Week
Notes/Observations Various German State CPI data improves from month-ago levels aided by higher oil prices and a base effect in energy costs Markets continue to watch various coronavirus hotspots and the potential impact on an economic recovery Asia: Japan May...
Dollar Turned Mildly Softer in Subdued Trading, Import Data Lie Ahead
The markets opened the week with mild risk aversion, in response to continuously surging global coronavirus cases. Japanese stock was additionally weighed down by poor retail sales data. But outside of Japan, losses are relatively limited. European indices have indeed...
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