S&P and NASDAQ close lower The major indices are closing mixed with the Dow and S&P lower, while the NASDAQ close higher and at a another record. The gain in the NASDAQ was the third gain in a row. S&P and NASDAQ have the second straight weekly gain Russell 2000 snapped a three day win streak Dow lower for
Technical Analysis
High price stalled ahead of a swing area between 1.3870 and 1.38774 The GBPUSD – like other pairs – saw the price move higher after the initial reaction to the US jobs report. The high price reached 1.38667. That fell short of a swing area between 1.38715 at 1.38774. The inability to extend above that area (and stay above) can potentially
200 day MA the next target The USDCAD has moved below the support area and the lows from the week (below 1.2568 – see earlier post here). The low price has reached 1.2551. The next target comes in at the 200 day MA at 1.2535. The price of the USDCAD has not traded below the
New lows for the greenback vs the EUR, GBP, AUD and NZD The USD has made a break to the downside with the dollar moving to new lows verse the EUR, GBP, AUD and the NZD. EURUSD: The EURUSD has broken above the 1.18507 to 1.18568 swing area (see earlier post). The pair has entered into the upper extreme area going
S&P fails on attempt to close at record Selling into the close today pushed the S&P index into the red after trading higher for most of the day. However it is still ending the day with a small gain. The NASDAQ index is also closing near it’s session lows but had a more solid gain
US construction spending for July 2021 Prior report Construction spending 0.3% vs 0.2% estimate total construction came in at $1568.8B vs June $1563.4B Prior month +0.1% Year on year total construction spending 9.0 % versus 8.2% last month For the calendar year, construction came in at $883.2 billion, +6.2%. That is above last year’s $831.5 billion for
S&P up for the seventh consecutive months highlights Dow down for the second consecutive day S&P 500 close higher for the seventh consecutive month No record closes Major indices post gains for the month of August S&P and NASDAQ closes lower for the first time in three sessions Four S&P sectors were higher wall seven were lower
Doubt down for the third time in four trading days The US stocks have open lower. The Dow is down for the third time in four trading days The S&P and NASDAQ open lower after closing at a record levels yesterday The stock market gave up earlier premarket gains The S&P closed at a new record
53rd record close level for the S&P in 2021 The S&P and NASDAQ closed higher and at record levels again. The Dow industrial average fell modestly. Highlights include: S&P and NASDAQ up for the seventh day in the last eight S&P closes at a record level for the 53rd day NASDAQ in 2021 NASDAQ index
S&P and NASDAQ up six the last seven trading days The major US indices are opening higher with the S&P and NASDAQ making new all-time intraday highs. The S&P closed at a record level for the 52nd time in 2021 on Friday. The NASDAQ index closed at a record high level for the 31st time
Gains of 0.30% to 0.60% for the major indices The European major indices are ending the session higher after earlier declines. The indices have been dried higher by solid gains in the US after Fed Powell’s Jackson Hole speech. The provisional closes are showing: German DAX, +0.3%. The index was down -0.3% at session lows France’s CAC +0.2%. It was down -0.32%
Prices currently above the 0.7000 level The NZDUSD is up 0.94% on the day which is only below the AUDUSD at 1.06% as the biggest mover vs the USD today. The move to the upside has taken the price above the high from Wednesday’s trade at 0.6980 area, and above a swing area near 0.6993. The pair has moved above
Up $1.32 or 1.96% The price of WTI crude oil futures are settling at $68.74. That’s up $1.32 or 1.96%. The high price reached $69.05. The low price extended to $67.52. For the week the price was up four of the five trading days. The low price was on Monday at $61.74. That low price
New record highs for the NASDAQ and S&P US major indices continue to push higher with the NASDAQ index up around 200 points or 1.33% at 15144.12. The S&P index is up 42 points or 0.94% at 4512. Both those indices are trading at record levels. The Dow industrial average is up around 258 points
S&P has its best day in more than a month The major US stock indices all closed higher. Both the S&P and NASDAQ closed at record levels The S&P closed at a record level for the 52nd time this year Every sector of the S&P closed higher except healthcare and utilities The NASDAQ closed at record level
The markets turn to dollar buying The Cleveland Pres. Mester is speaking on CNBC and has gotten in line on the sooners is better than later with regard to tapering. The comments are not that different from other Fed officials, but the market is reacting in a “buy the dollar” way. For the EURUSD, the pair move back below its 100 hour moving
NASDAQ trades to record high before reversing lower The major indices are closing near the lows for the day. Highlights: NASDAQ still on track for its best week in five weeks Dow breaks a four day win streak NASDAQ and S&P break as a five day win streak NASDAQ traded to a record high before reversing
The USD mostly higher but only modestly As the North American session begins, the snapshot of the strongest weakest shows the EUR it is strongest and the CHF is the weakest. The USD it is mostly higher but only modestly. US first revision to the GBP will be released at the bottom of the hour with the expectations for growth