Dow was down -462 points at the lows. Closes down -301 points. The major US stock indices are ending the session with steep declines, but it could have been worse. Had the session lows the DowJones industrial average was down -462 points. It is ending down -301. A denial by White House economic adviser Larry
The EUR/JPY pair is currently trapped in an ascending triangle, as seen in the 4-hour chart. As of writing, the JPY cross is trading at 124.62. The Bank of Japan (BOJ) kept key policy tools unchanged and slashed inflation and growth forecasts as expected, reinforcing the consensus that the central bank has little room to scale
There was slight shift in risk appetite in the Asian session amid competing forces of a greater possibility of an end to the government shutdown, and concerns about global growth and difficulties surrounding making progress in the US-China trade talks. Though there was no specific headline or data to cause the turnaround, the gains were
Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, Calif., on Tuesday, Dec. 18, 2018. Musk has unveiled his underground transportation tunnel, allowing reporters and VIPs to take some of the first rides in the subterranean tube, which the tech
DAVOS WORLD ECONOMC FORUM – TALKING POINTS A quiet first day at the annual World Economic Forum Global growth worries and political instability take spotlight Anti-risk assets rise as anxiety over economic slowdown builds Government leaders and business executives take to Davos, Switzerland for the 2019 World Economic Forum where the world’s most influential economic
Bank of Japan monetary policy statement for January 2019 coming up Timing is uncertain: Earlier today we got poor export data from Japan: But some encouragement from loan data: Meanwhile the yen has been weaker. Chatter is because the export data shows the BOJ won’t be backing off from easing any time soon. Errr …
With the S&P 500 back in correction territory on Tuesday, one trader says this could be a sign of trouble to come for the market. Todd Gordon of TradingAnalysis.com said that while stocks have seen a “nice bounce” off the December lows — the S&P is up 12 percent since the Christmas Eve bottom —
CNN news reports the latest headlines, citing that the US Senate is likely to vote this Thursday on both: A Republican plan to fund President Trump’s border wall and reopen the government. The other is on the bill already passed in the House of Representatives to reopen the government but not providing new wall funding.
Forex news for NY trading on January 22, 2019 In other markets: Spot gold, +$9.13 or 0.72% at $1285.01 WTI crude oil futures down $1.23 or 2.29% to $52.57 bitcoin on Coinbase rose $60 to $3579.55. The low reached $3425. The high extended to $3611.50 The US government shutdown enter date number 32 which once
Risk aversion has been the dominating direction this week. It first started with China’s GDP growing at slowest pace since 1990, then we saw cuts to the global outlook by the IMF, followed by concerns from Chinese President Xi over a “black swan” or “gray rhino” event, today earnings mostly missed and lastly the US
Share to facebook Share to twitter Share to linkedin Starbucks stock is trading higher today thanks to news the company is expanding its delivery capabilities through the Uber Eats app. The shares of the coffee giant were last seen up 1.3% at $65.54, which would be their highest close since Dec. 13, putting them back
How is Brexit impacting the markets? (video) Stocks sink as growth concerns escalate USD/JPY – Japanese yen edges higher, BoJ rate statement next Stock-index futures point to lower start as growth, trade worries fester Canada: Monthly survey of manufacturing, November 2018 USD/CAD – Canadian dollar dips to 2-week low as risk appetite softens Profit taking
50 day MA at 2622.75 The S&P has just violated the 50 day MA after one day close above that moving average. That MA comes in at 2622.72. The price is trading at 2619.72. The move higher last week was also able to breach the 50% of the move down from the September high. That
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
Pound rises across the board even on lack of Brexit clarification. GBP/JPY holds bullish tone in the short-term. The GBP/JPY pair kept rising after the beginning of the US session and reached at 141.90 the highest level since last Friday. The pair moved closer to the critical 142.00 area. Earlier today, bottomed at 140.60 but
Blockchain technology firm Bitfury is looking to reinforce its software unit with two executive-level hires. Announced today, Marina Khaustova, former chief marketing officer and co-founder of Element Capital Group, has joined Bitfury as the CEO of Crystal Blockchain, the company’s analytical tool for investigating public blockchain transactions. Meanwhile, Chris Dickson, previously at enterprise software vendor Panaya, joined
Talking Points: United States Existing Home Sales for December drops the most since November 2015 The reading echoes investor fears of a late economic cycle slowdown The trend of worsening economic data and fading market optimism continues Appetite for risk is quickly souring again on the back of reignited concerns over global growth and the
Whether it was an unexpected expense or an impulse purchase, chances are you’ve slacked off on your resolution to save more and spend less. That’s OK. Most people typically give up on their financial resolutions six weeks into the new year, according to a survey from LearnVest. This year is no exception, even though more
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