Closed at 1.3348. Trend line at 1.3347. Narrow trading range today. The USDCAD is having one of those up and down trading days with a narrow trading range. The close from yesterday came in at 1.3348. The low just reached 1.3351. There is a trend line at the 1.3347 level (connecting lows from Dec 4
Nasdaq down -0.6% now. The US stocks are trading to new session lows with the S&P and Nasdaq giving up their gains. The Dow is still holding on to a small gain. Below is a snapshot of the major stock indices in Europe (closes) and the North America. Let’s just say, there were better levels
Digital media is becoming the best vehicle for retailers to get more traffic to their stores and websites, and that’s brightening the outlook for the stock of embattled social media giant Facebook, CNBC’s Jim Cramer said Wednesday. “When you listen to the retailers that have reported lately, they all sing the same tune: the time
Pound is still riding on leftover euphoria from Theresa May’s victory overnight ForexLive Cable now runs into resistance from the 200-hour MA (blue line) and this will prove to be a key level for sellers to lean on in the near-term. Hold below and the bias still remains neutral but if price moves above it,
Daily thread to exchange ideas and to share your thoughts Good day, everyone! Hope you’re all doing well as we get things going here in the session. It’s been a decent start to the day so far with a couple of notable headlines on risk and Brexit but currencies are starting to liven up on the session
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Can you trust it? The EURUSD has been choppy up and down during most of the NY session with an upward technical tilt. The price has stayed/closed above its 200 hour MA (green line) over the last 7 trading hours, but in between there have been ups and downs. The high from the day reached
News from overnight in the Wall Street Journal (citing unnamed sources), Bloomberg passing it along: China plans to give foreign companies greater access to its economy is drafting a replacement of its plan to dominate advanced technologies by 2025 The “Made in China 2025” has been one of the main targets in Trump’s trade war
Yields on long-term government bonds fell again this week. The so-called yield curve continued to flatten with the 2-year note inching closer to the yield on the 10-year. A flattening, or worse, inverted yield curve has preceded every recession since 1962; however, not every inverted yield curve has led to a recession. Last week, the
France’s CAC up 2.27%. German Dax up 1.57% The major European stock indices are ending with solid gains. The provisional closes are showing: German DAX, +1.57% France’s CAC, +2.27% UK’s FTSE, +1.84% Spain’s Ibex, +1.58% Italy’s FTSE MIB, +1.91% IN the benchmark 10 year notes sector, yields are mixed with Italian yields moving down sharply
I don’t think he will be getting a pardon At his sentencing hearing he said: “Today is the day that I am getting my freedom back.” … “I have been living in a personal and mental incarceration ever since the day that I accepted the offer to work for a real estate mogul whose business acumen
In this market, investors should opt for individual stocks instead of exchange-traded funds, which often lump together shares of companies with conflicting trajectories, CNBC’s Jim Cramer said Tuesday after a turbulent trading session. Using the technology sector as an example, the “Mad Money” host outlined the crosscurrents making the group particularly “complicated.” Apple’s stock has
GBP/USD fell to a low of 1.2478 before jumping to a high of 1.2550 and is back down again to 1.2520 levels now ForexLive Despite a leadership contest being called upon, things are far from clear at this point. David Lidington is the latest to offer his public support for Theresa May following the earlier
May speaks in Downing St I have served this party and I serve the national interest Believes that a deal with the EU is attainable Says that we are making progress after meeting with European leaders yesterday A change of leadership would put future at risk New leader would have to extend or rescind Article
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