Latest Posts

rss

Dollar having a bit of a mixed showing so far on the day

  
Analysis, Forex

A mixed session so far for the greenback

The dollar is trimming losses slightly against the euro and franc but is still keeping lower against both currencies, and is now grinding a slight advance against the rest of the major currencies bloc in European morning trade.

 

GBP/USD has eased a little back under 1.4100 though key support is still seen closer around 1.4073-86 while AUD/USD has also slipped just below 0.7700 for now:
AUD/USD H1 15-06
The latter is testing the lows from Friday but in the context of the past few weeks, none of these moves are really breaking out of range to be fair.
USD/CAD is also up a little to 1.2165 with minor resistance seen closer to 1.2170-77 before further resistance is seen at 1.2200.
I wouldn’t look too much into any of these moves for the time being unless they start to chip away at key technical levels. The FOMC meeting tomorrow still holds all the cards.

The Nasdaq and S&P close at new record highs

  
Analysis, US Market

NASDAQ up for the third day in a row.  Dow closes well of low of

The major indices are closing mixed with the NASDAQ and S&P closing higher. The Nasdaq closed above the April 26th all time high close at 14138.79. The all time intraday high is at 14211.57.  The S&P also closed at a new record high with the positive close.

The Dow industrial average is lagging. The S&P index is trading near unchanged. The indices did close off their session lows. The Dow industrial average was down -268.06 points at the low but closed down just -85 points.

A look at the final numbers shows:
  • S&P index rose 7.75 points or 0.18% at 4255.19. The low reached 4233.90. The high extended to 4255.40
  • NASDAQ index rose 104.72 points or 0.74% at 14174.14. The high reached 14175.45. The low extended to 14056.67
  • Dow industrial average felt -85.85 points or -0.25% at 34393.75. The high reached 34472.52. The low extended to 34211.54 is just falcon Christ
The Russell 2000 index up small-cap stocks fared the worst with a decline of -9.66 point or -0.41% at 2326.15.
Financials moved lower across the board despite higher rates. JP Morgan’s Dimon criticizes on company saying that “JP Morgan did not have imagination to do what Square did”. Square shares rose 5.34% on the day.

NASDAQ up for the third day in a row.  Dow closes well of low of 
Some solid winners today included AMC entertainment, +15.24%. Salesforce rose by 2.5%. Apple rose by 2.47%.
US stocks were led by MC
Go to top