Major indices have another wild ride in trading today

Major indices close near highs for the day It was another wild day in the equity complex.   The major indices are all closing higher and near their session highs after earlier falls were erased. Dow posted the best weekly performance in four weeks NASDAQ sees its second straight weekly loss Dow S&P and NASDAQ snap three day losing streak […]

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Major indices tumble with the NASDAQ/Russell index lead the declines

Russell index falls -2.76%. The NASDAQ index was -2.11% The major indices tumbled once again with the NASDAQ and Russell 2000 index leading the way to the downside. Feds Powell’s interview with the Wall Street Journal did not help hope that the Fed chair would look to talk down (or act on) the higher long-term rates. That did not […]

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Amazon trades back below $3000 for the first time since early November. Bounces

Looks to close back below the 200 day MA for the 2nd time in 5 trading days The price of Amazon has dipped below the $ 3000 price level for the 1st time since early November.  The low price in November reached $ 2950.12. The September low reached $ 2871.  . There is a bounce however with the […]

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Dollar creeps a little higher ahead of North American trading

EUR/USD eases to session lows of 1.2067 It has been a relatively choppy session for major currencies as the dollar rocks back and forth on the session with little firm direction really. EUR/USD touched 1.2100 early on before retreating to 1.2080 and then caught a bounce on the ECB report earlier as the dollar also […]

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Pound keeps a little higher but buyers need to do more to recapture upside momentum

Sterling keeps steadier after the correction to the upside move last week Invest in yourself. See our forex education hub. Cable has backed off earlier highs closer to 1.4000 as the pound loses a bit of its earlier momentum but is still keeping higher so far today. The slight retreat also comes as we see […]

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EUR/USD posts fresh session lows as dollar steadies after slight softness earlier

The dollar is recovering ground across the board In turn, the bids in the dollar is pushing EUR/USD to fresh lows since 18 February as the Friday lows give way and that puts some pressure on support closer to 1.2023. Just take note that the 100-day moving average in the pair comes in at 1.2029 […]

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