AUD/USD falls for straight fifth trading session on global slowdown fears

Share: AUD/USD refreshes weekly low near 0.6560 as the broader market mood is risk-off. Fed Powell considered current monetary policy as inadequate to bring down inflation to 2%. The RBA MPS report indicated that further tightening would be largely dependent on incoming data. The AUD/USD pair continues its losing streak for the fifth

DJIA slightly lower in low-volatility session

Share: Dow Jones has broken out of a three-month descending price channel. Fed’s Powell, Williams speak at event on Wednesday. Dow Jones Industrial Average gained 5.07% last week, the largest weekly gain since October 2022. Disney is scheduled to deliver fiscal Q4 earnings after the close on Wednesday. Unemployment Rate, SLOOS report, credit

US stocks close at session lows. Nasdaq gets hammered.

US stocks are closing the session at the lows with the Nasdaq index leading the way. The final numbers are showing: Dow industrial average -286.91 points or -0.86% at 33127.27 S&P index -53.84 points or -1.26% at 4224.15 NASDAQ index is down -202.38 points or -1.53% at 12983.80 For the trading week, the NASDAQ fell

Major European indices close the session down on the day

The major European stock indices are closing the day lower. The German Dax was the weakest. German Dax -1.55% at 15186.67 France CAC -1.42% at 7003.54 UK’s FTSE 100 -0.59% at 7599.59 Spain’s Ibex -1.10% at 9232.91 Italy’s FTSE MIB -0.92% at 28230.89 For the trading week, the indices are closing with mixed results: German

Hong Kong Exchange will begin the afternoon trading session at 2.00 pm local time

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Dollar keeps steadier so far on the session

Even as equities are finding a bit of a reprieve, currency traders are not really buying it. 10-year Treasury yields are down 2.7 bps on the day to 4.509% now and that is helping to give stocks a light breather. If anything, it could prove temporary and I reckon that is what is helping to

US stocks move to new session lows as European traders look to exit

The major US stock indices are trading at session lows as European traders start to look for the exits for the week. The NASDAQ index is now down around 1.3%. The S&P index is down -0.89%. All the major indices are back below its 50 day moving averages after closing above those moving averages yesterday.