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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More gloom in store for gold as November low looks to be giving way

The sell everything mode in the market is dragging gold lower as well Invest in yourself. See our forex education hub. Gold is down 0.7% on the day as price falls below its 30 November low @ $ 1,764.80, trading to levels last seen since June last year. With the November low and 50.0 retracement […]

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UK data – BRC Shop Price Index for November: -1.8% y/y (expected -1.3%)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Dow had its best month since 1987 but closed lower today. Record highs and record closes for the major indices in November

Major indices lower on the day. The US major indices close lower in last trading day of the month, but that did not subtract from the month’s solid performance: the Dow industrial average had its best monthly performance since January 1987 the S&P 500 and NASDAQ had their best months since April the S&P, NASDAQ, and Dow industrial […]

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UK – GfK Consumer Confidence for November: -33 (expected -34, prior -31)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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US MBA mortgage applications w.e. 6 November -0.5% vs +3.8% prior

Latest data from the Mortgage Bankers Association for the week ending 6 November 2020 Market index 833.9 vs 838.2 prior Purchase index 293.5 vs 301.2 prior Refinancing index 3,973.1 vs 3,949.8 prior 30-year mortgage rate 2.98% vs 3.01% prior The long-term mortgage rate falls to a record survey low in the past week, but purchases […]

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Watch Now: Here’s What’s Moving Markets – November 5 (Video)

© Reuters. Investing.com – Our markets analyst Jesse Cohen gives us his top five things to know on Wall Street on Thursday, November 5, including: 1. Election Continues; Biden Closes In On Victory 2. Decision, Speech 3. Set For Another Sharply Higher Open; Jump 400 Points 4. Busy Day On The Earnings Calendar; Square (NYSE:), […]

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