The major US indices are closing mixed on the day with the Dow leading the way higher. The broader S&P is little changed, while the tech-heavy Nasdaq is down marginally. The final numbers are showing: Dow Industrial Average is up 117.12 points or 0.33% at 35390.14 S&P is up 2.70 points or 0.06% at 4559.33
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 – Analysis and Charts FTSE 100 continues to be side-lined The FTSE 100 continues to be range bound below the 55-day simple moving average (SMA) at 7,505. Despite UK consumer confidence rising in November a negative bias has been seen since
Share: The Euro has stepped higher against the Pound Sterling for five straight trading days. The EUR/GBP briefly saw a fresh six-month high on Friday. Economic data has mixed for both the EU and the UK, but the market’s hat tip goes to the Euro. The EUR/GBP wraps up another trading week just
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
Share: Markets are digesting the recent PCE numbers. Chicago PMI number deteriorates further. The US Dollar Index clings on to an 11th weekly positive close. The US Dollar (USD) is trying to hold on to another weekly gain, though it looks like either a make-or-break deal. If the US Dollar holds onto gains, this
© Reuters Investing.com – The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand for
