Dow industrial average is down -211 points at lows and closes at up 36 points The US stocks recovered after the FOMC signaled a 25 basis point cut, but dot plot showed no additional eases for 2019. However, Powell did say enough in his press conference to suggest that the view can change given global risks and potential weakness. As a result, the major indices start recover
Those two above are the ‘headline’ figures for the Australian employment report Employment Change, +34.7K …. good beat expected 15K, prior 41.1K Unemployment Rate, 5.3% …. comes in at a miss expected 5.2%, prior 5.2% Full Time Employment Change, -15.5K - will take some of the gloss off the jobs growth result prior was 34.5K
USDJPY remains above its 100 day MA at 107.919. Third day in a row The USDJPY remains steady in quiet trading ahead of the FOMC decision at 2 PM ET/18 GMT. The trading range for the day is only 19 pips. The 22 day average (about a month of trading) is at 59 pips. So volatility is down
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Nasdaq stocks lead the charge The major US indices are trading to new session highs with the Nasdaq leading the way. There is about 15 minutes left in trading. The snap shot is showin: S&P index +6.72 points or 0.22% at 3004.69 NASDAQ index up 27.7 points or 0.34% at 8181.13 Dow industrial average up
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Although most developers use GitHub to organize and share open-source code, funds like Coinbase Ventures, Distributed Global and Digital Currency Group are betting on a crypto-native alternative. Former ConsenSys token guru Harrison Hines is now CEO of his own startup, Terminal, which closed a $3.7 million seed round in late 2018 for a developer hub
Weaker Manufacturing sales and oil hurt the loonie The USDCAD is higher on the day helped by the weaker Manufacturing sales for July (-1.3% vs -0.1% est) and fallling oil (Saudi production will be back up sooner than expectations – crude oil is down near $3.00 currently). Technically, looking at the daily chart above, the price of
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Keep an eye on crude WTI is up $8.50 to $63.30. The market seems to be indicating that the US is getting ready to strike back. WTI is up 15.4% on the day. The earlier high was $63.34 but it came in very thin trade right at the market open. It was undoubtedly driven by
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HIgher oil prices hurt the eurozone’s balance of payments Europe imports most of its oil and rising oil on a supply shock is another negative for the already-struggling region. That’s weighing on the euro as it falls 50 pips since the open. The drop also puts the 50% retracement of the wild ECB move on
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 to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
EUR/USD touches a high of 1.1090, highest level since 29 August ForexLive The solid rebound in the euro continues after hitting a double bottom around last week’s low of 1.0926. Price has since jumped up by ~160 pips to trade at fresh two-week highs near 1.1090 in early European trading today. As it stands, buyers
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 to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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 to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Chris Weston from Pepperstone breaks down the euro and the week ahead I have put a detailed video together, firstly reviewing market moves this week, with a specific focus on last night’s ECB meeting and the impact on the EUR crosses. But also the week ahead and the event risk through which you, as traders,
Canadian dollar can’t get any respect Oil and election worries have erased the drop in USD/CAD from last week’s shining Canadian jobs report. The loonie has been on the defensive this week as crude prices slip on John Bolton’s departure and on worries surrounding the October election. The market is simply struggling to believe in