Within 500 points of the all-time record high The Dow industrial average has filled the gap from February 21 to February 24 in the trading today. The low of the gap was at 28892.70. The low price today came in at 28713.53, but the price has since moved to a session high of 29104.12 –
Month: September 2020
Here is what you need to know on Thursday, September 3: The greenback extended its advance against most of its major rivals, holding on to gains and poised to extend its advance. The EUR was pressured by comments from ECB’s Committee member Lane, who said that they don’t look at the exchange rate, but adding
WTI crude down 2.6% Reversals are the order of the day and commodity prices are mostly under pressure. Crude has been stuck in a narrow trading range for weeks. Several attempts in the last month to break higher have been beaten back and now the bears are trying their luck. Today’s inventory report was positive
By Alex LawlerLONDON: Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus pandemic. U.S. crude stocks fell by 6.4 million barrels, the American Petroleum Institute (API) said,
Dollar remains generally firm into US session as corrective recovery continues. Much weaker than expected ADP job data is ignored by traders. US stocks are also set to open higher with S&P 500 and NASDAQ extending the record runs. Australian Dollar is currently the weakest one, extending its correction too, after GDP disappointment. Euro is
Private payroll growth came in well below expectations for August, according to a report Wednesday from ADP, whose job tallies have differed widely from the government’s during the coronavirus pandemic. Companies added 428,000 jobs during the month, well below the 1.17 million estimate from economists surveyed by Dow Jones though a leap above the lackluster
Macy’s got a bigger-than-expected boost online during the latest quarter, even as its stores started to reopen during the coronavirus pandemic. The department store operator’s digital sales surged 53% from a year earlier, as more shoppers visited its website to buy workout clothes and home decor. That helped it report a narrower loss and higher overall revenue
Sygnum, a major cryptocurrency bank in Switzerland, is preparing to finally introduce digital asset trading after receiving regulatory approval. On Sept. 1, Sygnum announced that it received regulatory approval from the Financial Market Supervisory Authority (FINMA), allowing the company to expand its services to a digital asset trading facility. The new approval enables Sygnum to
The dollar creeps a little higher, building on the turnaround yesterday EUR/USD is dragged down to a low of 1.1871, as sellers break below its 100-hour moving average and move closer towards a test of the 200-hour moving average @ 1.1858. Meanwhile, we are also seeing cable slip to a session low of 1.3332 and
USD/CHF has established a near-term bull “wedge” after holding psychological support at 0.9000, opening the door to a correction higher to 0.9162 initially, the Credit Suisse analyst team reports. Key quotes “USD/CHF has held key psychological support at 0.9000 with RSI momentum not confirming the latest move lower and the subsequent sharp recovery has seen
Asian equities mostly advance after Wall Street gains yesterday Japanese stocks end the day with modest gains, as US equities pushed higher once again in trading yesterday – setting up a more positive mood today. Chinese stocks are looking more flat but the Hang Seng is up slightly by 0.2% currently. Elsewhere, US futures are
NEW DELHI: Traders booked profits in gold and silver as improved domestic factory output raised hopes of a swift economic recovery, making bullion counters unattractive. India’s factory activity grew for the first time in five months with indicators such as power and fuel demand, railway freight and mobility indices also showing improvement. The US also
Australian Dollar tumbles broadly today and it’s trading as the weakest one so far. The decline partly follows worse than expected Q2 GDP data, and partly as profit taking on recent strong rise. Selloff against New Zealand Dollar the latter to be the strongest one. On the other hand, Dollar also recovers in general, digesting
The co-CIO of the world’s largest hedge fund told CNBC on Tuesday that the U.S. economy continues to need significant fiscal support in order to sustain its recovery from the coronavirus-induced devastation. Greg Jensen of Bridgewater Associates said the firm estimates that the price tag for another coronavirus relief bill is between $1.3 trillion and
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Major indices closed near highs for the day The S&P and NASDAQ index closed at record highs once again. The NASDAQ index led the way with a 1.39% gain. Each of the major indices close near session highs. The S&P closed higher for the 8th time in 9 days. The NASDAQ index rose for the