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S&P moves down to test its rising 100 hour moving average

S&P moves down to test its rising 100 hour moving average

Looking at the S&P 500 index, it is down by -59.03 pointer -1.02% at 5702.88 . The low price for the day extended to 5681.28. The high price is at 5757.73. On the downside, the rising 100-hour moving average comes in at 5675.06. So the low price at 5681.28, got...

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September did not disappoint

September did not disappoint

A difficult start does not always lead to a dismal end, especially in the markets. September started on a bleak note, but by the end of the month, the indices had performed surprisingly well.To clarify, they stumbled after hearing that the manufacturing sector had...

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Atlanta Fed Q3 GDPNow cut to 2.5% from 3.1%

Atlanta Fed Q3 GDPNow cut to 2.5% from 3.1%

The GDP tracker was boosted in the prior release but it's been reeled back in."After this morning’s construction spending release from the US Census Bureau and the Manufacturing ISM Report On Business from the Institute for Supply Management, the nowcasts of...

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New Zealand GDT price index +1.2%

New Zealand GDT price index +1.2%

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,...

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Iran expected to attack with high-speed missiles – report

Iran expected to attack with high-speed missiles – report

There has been another hiccup in risk trades in the past few minutes, though less so in bonds. It could be that some fresh details are crossing on Iran's plans to strike imminently.The first is from the Israeli media and says:Three Israeli officials quoted anonymously...

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Fed’s Cook predicts AI-fueled productivity gains

Fed’s Cook predicts AI-fueled productivity gains

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,...

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USDCAD moves lower to test rising 100 hour MA

USDCAD moves lower to test rising 100 hour MA

The USDCAD pair has moved lower during the North American session as declining US yields and rising oil prices weigh on the pair. Technically, the price has fallen below the 200-hour moving average at 1.3509, while finding support near the rising 100-hour moving...

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US expects Iran attack similar in scope to April strike

US expects Iran attack similar in scope to April strike

In April, Iran launched around 170 drones, over 30 cruise missiles, and more than 120 ballistic missiles towards Israel. Most were shot down while a few landed near Israeli military facilities.CNN cites a senior White House correspondent saying the attack looks to be...

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US August construction spending -0.1% vs +0.1% expected

US August construction spending -0.1% vs +0.1% expected

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,...

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JOLTS job openings 8.040M vs 7.660M estimate

JOLTS job openings 8.040M vs 7.660M estimate

Prior month 7.673M revised to 7.711MJob openings 8.040M. Vacancy rate 4.8% versus 4.6% last month Quits rate 1.9% versus 2.0% last month (revised from 2.1%)Separations rate 3.1% versus 3.2% last monthDetails:1.3 million fewer openings than the previous yearIncreases...

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US September ISM manufacturing index 47.2 vs 47.5 expected

US September ISM manufacturing index 47.2 vs 47.5 expected

ISM manufacturingPrior was 47.2Prices paid 48.3 vs 54.0 priorEmployment 43.9 vs 46.0 priorNew orders 46.1 vs 44.6 priorProduction 49.8 vs 44.8 priorSupplier deliveries 52.2 vs 50.5 priorInventories 43.9 vs 50.3 priorBacklog of orders 44.1 vs 43.6 priorNew export...

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