Dow Jones in the Red The Dow Jones closed lower by 237 points or 0.75%. 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 200, are above the price signaling that the momentum is to the...
Global Markets Fall Global markets plunged and the dollar strengthened for the first time in four sessions on Wednesday as concerns about rising inflation and economic growth soured sentiment. Dow Jones and S&P 500 in the Red The Dow Jones index closed lower by 237 points or 0.75%. The S&P 500 closed lower by 23 points or 0.58%. Nasdaq Slips The heavy Tech weight...
EUR/USD Gains EUR/USD is holding higher, trading close to 1.0500, as the US dollar retreats amid an improvement in risk sentiment. US Economy On the 17th of May, the Board of Governors of the Federal Reserve released the Industrial Production. In April, total industrial production increased 1.1%—the fourth consecutive month of gains of 0.8% or greater—and manufacturing output rose 0.8%. The index...
Global Markets Plunge Global markets plunged and the dollar strengthened for the first time in four sessions on Wednesday as concerns about rising inflation and economic growth soured sentiment. Dow Jones and S&P 500 in the Red The Dow Jones index closed lower by 1164 points or 3.57%. The S&P 500 closed lower by 165 points or 4.04%. Nasdaq Slips The heavy Tech weight...
USD/CHF juggles below 0.9950 USD/CHF moves below 0.9950 as the dollar index steadies, Fed’s rate hike hopes to strengthen. From the technical side, the momentum indicator suggests an uptrend since the MACD is positive with the histogram values decreasing resulting in upside momentum which is decreasing. All Simple Moving Averages of 20, 50, 100 and 200 are below the current exchange rate...
Global Markets on the Upside Global markets closed higher on Tuesday although, the war in Ukraine remains a key focus for the market sentiment, with fighting raging in the east and southeast of the country. Dow Jones and S&P 500 in the Green The Dow Jones index closed higher by 431 points or 1.34%. The S&P 500 closed higher by 81 points...
EUR/USD Gains The EUR/USD has surged above 1.0450, expanding on Monday's modest gains. The improving market mood is making it difficult for the greenback to find demand, helping the pair continue to push higher. From the technical perspective, the momentum indicator suggests an uptrend since the MACD is currently positive and the histogram value is increasing, resulting in upside momentum...
Global Markets Mixed Global markets closed mixed on Monday as gains in Oil&Gas, Telecoms and Healthcare sectors led shares higher while losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower. Dow Jones and S&P 500 Mixed The Dow Jones index closed higher by 27 points or 0.08%. The S&P 500 closed higher by 16 points or 0.39%. Nasdaq Drops The...
GBP/USD Hovers Around 1.2250 GBP/USD has lost its momentum and is trading around 1.2250. Markets remain risk averse, allowing the greenback to find demand as a safe haven. From the technical perspective, the momentum indicator suggests a downtrend since the MACD is negative and the histogram value is increasing, resulting in downside momentum which is decreasing. Simple Moving Averages of 20, 50, 100...
Global Markets Surge Global markets rose on Friday as Wall Street rallied to end a volatile week of trading. Global markets were down sharply most of the week as investors were concerned about the potential of a recession. Dow Jones and S&P 500 in the Green The Dow Jones index closed higher by 466 points or 1.47%. The S&P 500 closed higher...
