Latest Market News
U.S. stocks finished higher Friday, sweeping to big weekly and monthly gains, with the Nasdaq Composite scoring its best July on record. Stocks continued to rally after the Federal Reserve raised rates another 75 basis points on Wednesday in a bid to tame high inflation. Investors seemed to like what they heard from big-tech earnings […]
Demand for risk increased markedly, greenback declined and US bond yields took out recent lows (2.8% for 10-year bonds, 2.9% for 2-year bonds), finding an equilibrium at the lowest levels since April, as the US economy unexpectedly for many, including doomsayers, showed a negative growth rate in the second quarter. Nominal output fell by 0.9% […]
Type: Bullish Momentum Key Levels:Resistance: 1.04235Pivot: 1.01325Support: 1.00015 Preferred Case:On the H4, with price bouncing off the ichimoku cloud and RSI showing an ascending trendline, we have a bullish bias that price will continue to rise from the pivot at 1.01325 at the overlap resistance in line with the 61.8% fibonacci retracement . If price […]
• Caterpillar reversed from support level 172.00 • Likely to rise to resistance level 200.00. Caterpillar recently reversed up from the support level 172.00 – strengthened by the lower daily Bollinger Band, 50% Fibonacci correction of the uptrend from 2020 to 2021 and by the support trendline of the wide down channel from last year. […]
• NZDJPY broke support level 84.80 • Likely to fall to support level 83.00 NZDJPY currency pair recently broke the support level 84.80 (former resistance from the start of July) intersecting with the 50% Fibonacci correction of the upward price impulse (i). The breakout of the support level 84.80 accelerated the active minor corrective wave […]
Baker Hughes BKR, +2.84% on Friday reported that the number of active U.S. rigs drilling for oil was up by 6 to 605 this week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 9 to 767, according to Baker Hughes. Oil prices continued to trade higher. September […]