News

Global Markets Mixed

Global Markets Mixed  Global markets closed mixed on Friday with EU markets ending slightly higher and US markets lower. Dow Jones and S&P 500 in the Red The Dow Jones index closed lower by 500 points or 1.71%, the S&P 500 closed lower by 55 points or 1.51%. Nasdaq Slips The heavy Tech weight index closed lower by 162 points or 1.51% European Markets Slightly...

Dow Jones in the Red

Dow Jones in the Red Dow Jones closed lower by 458 points or 1.54%. From the technical perspective, the momentum indicator suggests a downtrend since the MACD is negative and the histogram values are increasing therefore, results in downside momentum which is decreasing. Simple moving averages of 20, 50, 100 and 200 are above the price signaling that the momentum is to...

Global Markets Plunge

Global Markets Plunge  Global markets closed lower on Thursday amid fears over slowing growth and aggressive monetary policy tightening. Dow Jones and S&P 500 in the Red The Dow Jones index closed lower by 458 points or 1.54%, the S&P 500 closed lower by 79 points or 2.11%. Nasdaq Soars The heavy Tech weight index closed lower by 314 points or 2.84% European Markets Lower   European markets...

EUR/USD in the Red

EUR/USD in the Red EUR/USD came under heavy bearish pressure as markets remain cautious ahead of the key German inflation and US second-quarter GDP data. From a technical perspective, the momentum indicator suggests a downtrend since the MACD is currently negative and the histogram values are increasing, resulting in downside momentum, which is decreasing. The first resistance level at 1.029 followed...

Global Markets on the Upside

Global Markets on the Upside  Global markets rose on Wednesday as investors attempted to reverse a multi-day losing streak sparked by global growth concerns. Dow Jones and S&P 500 in the Green The Dow Jones index closed higher by 549 points or 1.88%, the S&P 500 closed higher by 72 points or 1.97%. Nasdaq Soars The heavy Tech weight index closed higher by 222...

USD/JPY Hovers Below 145.00

USD/JPY Hovers Below 145.00   USD/JPY fell below 145.00. The yen pair fails to tracks the firmer US Treasury yields and the US Dollar Index (DXY) while also paying a little heed to the risk-off mood. From the technical perspective, the momentum indicator suggests a downtrend since the MACD is currently negative and the histogram values are decreasing, resulting in downside...

Global Markets Volatile

Global Markets Volatile  Global markets closed mixed on Tuesday, as investors continue to absorb a wave of remarks from FED members pointing to further rate hikes that many fear could tip the economy into recession. Dow Jones and S&P 500 in Bear Market Territory The Dow Jones index closed lower by 126 points or 0.43%, the S&P 500 closed lower by 8...

EUR/USD moves toward 0.9700

GBP/USD Re-extends Recovery Beyond 1.0800 GBP/USD extended its daily recovery and climbed above 1.0800. Although the BoE's inaction against the GBP depreciation limited the pair's upside. From the technical perspective, the momentum indicator suggests a downtrend since the MACD is negative and the histogram values are decreasing, resulting in downside momentum which is increasing. Simple Moving Averages of 20, 50, 100 and...

Global Markets on the Downside

Global Markets on the Downside  Global markets closed lower on Monday, as investors worried that the FED's aggressive campaign against inflation could throw the global economy into a sharp downturn. Dow Jones and S&P 500 in Negative Territory  The Dow Jones index closed lower by 330 points or 1.11%, the S&P 500 closed lower by 38 points or 1.03%. Nasdaq Slips The heavy Tech...

Global Markets Plummet

Global Markets Plummet Global markets closed lower on Friday as investors remained concerned about the possibility of a deeper and darker recession amid growing worries that the FED will overshoot on rate hikes. Dow Jones and S&P 500 in Negative Territory  The Dow Jones index closed lower by 486 points or 1.62%. The S&P 500 closed also lower by 65 points or...

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