Latest Market News
The U.S. dollar is on track Friday for its biggest weekly advance since March 2020 as the Federal Reserve’s third jumbo interest-rate hike and Chair Jerome Powell’s hawkish outlook helped send real yields sharply higher. The ICE U.S. Dollar Index DXY, +1.50%, a gauge of the dollar’s strength against a basket of its rivals, has […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction to test 0.9903 from below. Today, the pair may continue trading downwards with the target at 0.9785. After that, the instrument may form one more ascending structure towards 0.9833 and then start a new decline to reach 0.9760. GBPUSD, “Great Britain Pound vs US Dollar” […]
BRENT As we can see in the H4 chart, Brent is trading below the 200-day Moving Average it to indicate a possible descending tendency. The Relative Strength Index has rebounded from the descending trendline; it is still moving downwards. In this case, the pair is expected to continue falling towards the support at 4/8 (87.50). […]
The S&P 500 index has declined about 5% this week while the Nasdaq Composite is down more than 5.5%. Investors fear that the Federal Reserve’s aggressive rate hikes could cause an economic downturn. The yield curve between the two-year and 10-year Treasury notes, which is watched closely by analysts for predicting a recession, has inverted […]
The Biden administration is watching the stock market SPX, -1.72% and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. “The stock market, as you’ve heard us say many times, is just one measure of the economy,” said press secretary Karine Jean-Pierre. “We are watching, always watching, these different indicators closely, […]
The Dow Jones Industrial Average’s DJIA, -1.89% 767-point tumble in afternoon trading Friday, to break down below the June 17 closing low (29,888.78), not only showed that the bear market was alive and kicking, it also triggered a sell signal based on the century-old Dow Theory of market analysis. The Dow’s fresh low, coupled with […]