The Dow Jones ended last week on a positive note as we got a strong rally despite some concerning data. The University of Michigan consumer sentiment report missed forecasts across the board by a big margin once again. The bearish signs keep on accumulating with the recent hawkish tone from Fed speakers and the softening
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow makes further gains The index has spent the past three sessions rallying from last week’s low and is now challenging the 50-day SMA from below. A close above 35,000 is critical to a renewed bullish view emerging,
Article by IG Senior Market Analyst Axel Rudolph Ftse 100, Nasdaq 100, Dow Jones Analysis and Charts FTSE 100 has broken through its downtrend line The FTSE 100 has now broken through its July-to-August downtrend line, tracking Wall Street higher following weak US job opening data which shows that the US economy may be cooling,
Dow Jones, S&P 500, Retail Trader Positioning, Technical Analysis – IGCS Equities Update Dow Jones, S&P 500 have been weakening of late Retail traders still mostly short, but upside bets rise This could leave Wall Street further vulnerable ahead Recommended by Daniel Dubrovsky Get Your Free Equities Forecast The Dow Jones and S&P 500 have
Share: Dow Jones futures fall 0.3% after Fitch downgrades US credit rating to AA+. DJIA is overbought on daily RSI as it trends higher near 35,750 resistance level. US July ADP Employment Change arrives at 324K, way above 189K expectation. Analysts expect Friday’s July Nonfarm Payrolls data to decline to 200K. The Dow
US Dollar, Dow Jones, Fitch US Credit Ratings Downgrade – Market Update: US Dollar, Dow Jones fall after Fitch lowers US credit rating Fiscal deficits, social security, aging population woes outlined Financial markets turn risk-averse heading to Wednesday trade Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar, Dow Jones, S&P 500
Last week, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on the forward guidance. Fed Chair Powell in his
Yesterday, the Fed hiked interest rates by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The policy statement was left basically unchanged, so the market couldn’t get any signal for the next moves. In fact, the focus was not on the decision itself, but on the forward guidance. Fed Chair Powell in his
Dow Jones, S&P 500, Retail Trader Positioning, Technical Analysis – IGCS Equities Update Dow Jones, S&P 500 unscathed by Fed rate hike But, retail traders are becoming more bearish This is a sign further gains may be in store ahead Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Equities were left relatively unscathed following