Broader indices trading to new highs. What next technically?
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
CNBC Halftime report team is not worried
The members of CNBC Halftime Report (Josh Brown, Joe Taranova, Steve Weiss) are blasé about the decline today. “None of my clients are talking about selling” “If you are leveraged…
Weekly Market Outlook (05-09 August)
UPCOMING EVENTS: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS. Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment Rate and Retail Sales, Eurozone…
A technical roadmap for the major currency pairs going into the new week PLUS S&P/Nasdaq
In this video, I take a technical look at the major currency pairs vs the USD. As a bonus, I also take a look at the 2 major stock indices…
Fed's Goolsbee: The job of a central bank is to move in a steady way
If we stay restrictive for too long, we have to think about the employment mandate If unemployment is going to go up higher than 4.1%, that’s the kind of thing…
President Biden: Remarks on Americans returning home from Russia in prisoner swap
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
Nasdaq index moved up to test the 50-day MA ahead of the FOMC rate decision
The NASDAQ index has surged to the upside today ahead of the FOMC rate decision. However there has been a slowing of the run higher near the 50 day moving…
EURUSD falls below 200 day MA but finds support buyers near the 100 day MA
The EURUSD has fallen below the 200-day MA at 1.08173, and preceded to extend lower on the technical break. However, once the price reached the 200 bar MA on the…
European equity close: Good start but a rough finish
Closing changes: Stoxx 600 -0.2% German DAX -0.5% UK FTSE 100 +0.1% French CAC -0.9% Italy MIB -0.5% Spain IBEX -0.4% European stocks opened at the best levels of the…
Timiraos: Fed cut unlikely on Wednesday but officials wary of waiting too long
Wall Street Journal Fedwatcher Nick Timiraos is out with his latest Fed preview and it doesn’t include any kind of leak about a potential cut. Instead, he highlights that the…
