The major US stock indices closed the day with gains. The NASDAQ and the S&P had a perfect week with five straight winning days. The NASDAQ index erased it -5.77% decline from last week with a gain of 5.95%.A snapshot of the closing levels today shows: Dow...
Goldman Sachs sees a 25 basis point cut from the Fed next week
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What are the technicals in the EURUSD saying into the new trading week
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Next week will be dominated by the FOMC rate decision.
Monday, September 16 (ET)Tuesday, September 17 (ET)5:00am ET: German ZEW Economic Sentiment (Forecast: 17.2, Previous: 19.2)8:30am ET: CAD CPI m/m (Forecast: 0.1%, Previous: 0.4%)8:30am ET: US Core Retail Sales m/m (Forecast: 0.2%, Previous: 0.4%)8:30am ET: US Retail...
Crude oil futures settled at $68.65
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ECB’s Makhlouf: ECB is not pre-committing to a particular rate path.
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Go big or go small? JP Morgan reiterates its call for 50 basis point cut next week.
Chair Powell preparing for a BIG cut?To cut, or not to cut 50 basis points.As the Federal Reserve's September meeting approaches, JP Morgan reiterates its call for a 50 basis point cut, scheduled for Wednesday at 2 PM ET. Following Nick Timiraos' article highlighting...
CNBC’s retail monitor sees consumer spending cooling
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Baker Hughes rig count for the current week
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Crude oil trades into negative territory
The price of crude oil is now trading in negative territory and $69.08. That is down from a high of $70.32. Looking at the hourly chart, the price action this week did move above its 200-hour moving average (currently at $68.93) on its way to the high today. That move...
Fitch: If this is an extended strike you could see Boeing downgraded
Boeing machinists went on strike after rejecting a 25% pay raise.That is shuttered the going manufacturing plant Here are the main points from the Boeing CFO's statement Strike Impact: Strike will jeopardize recovery, impact production and deliveriesCash Conservation:...
That’s a wrap for the European stock markets.
That's a wrap for the European stock indices for the trading week, and then ended the day with gains, and the week with gains as well.For the trading day: German DAX +0.92% France's CAC, +0.41%.UK's FTSE 100 +0.39%Spain's Ibex, +1.23%Italy's FTSE MIB +0.34%For the...
Paulson on CNBC: He favors a 50 basis point cut by the Fed
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USDCAD a little higher on the week but gives up gains. What’s ahead for the pair?
The USDCAD closed the week at 1.3558. The current price is a little higher at 1.3580. The high price for the week reached 1.3622 on Wednesday. That move took the price above a swing area with the high at 1.36188, but quickly reversed lower. The high price stalled...
AUDUSD steps higher with ups and downs (to technical support) providing the roadmap
The AUDUSD is higher for the week after dipping lower earlier in the week where the 200 day moving average stalled the fall. The subsequent move to the upside was able to extend above resistance rotated back down toward support and extend above resistance and and step...
University of Michigan preliminary sentiment for September 69.0 versus 68.5 estimate
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USDCHF moves lower w/ yields. Price moves below cluster of MAs between 0.8478 to 0.8491
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Tech stocks rally, healthcare remains steady amid mixed market signals
Stock heatmap by FinViz.com Fri, 13 Sep 2024 13:46:13 GMT📈 Technology Sector: A day of gainsThe technology sector is experiencing notable gains today, buoyed by positive investor sentiment. Oracle (ORCL) leads the charge with an impressive rise of 7.24%, signaling...
A 50 basis point cut is now 50-50 for the Fed decision next week
The chance for a 50 basis point cut next week by the Fed is now up to 50-50 in volatile trading this morning. At this time yesterday the chance of a 50 basis point cut was only about 20 – 25%. Then comments from Wall Street Journal's Nick Timiraos where he talked...
US stocks are trading higher and looking to extend win-streaks for the broader indices
The major US stock indices are opening with modest changes. Coming into the day the S&P and NASDAQ indices are working on a four day winning streak trying to extend that to five for five this week. It is Friday the 13th. Can the markets rise above that jinx?A...