EUR/USD Set to Snap 4-Day Losing Streak on Dollar Weakness Ahead of ECB

© Reuters. By Yasin Ebrahim Investing.com – The euro looked set to snap its four-day losing streak against the greenback on Tuesday, shrugging off weaker eurozone fourth-quarter growth ahead of the European Central Bank meeting expected later this week. rose 0.50% to $ 1.1902. Eurozone quarterly GDP  was revised down to -0.7% in Q4 from […]

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Four down days in a row for the S&P index. Longest losing streak this year

NASDAQ index and Dow industrial average close marginally higher. Russell index surges The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year S&P and NASDAQ post the 1st weekly loss in the 3 weeks NASDAQ and Dow industrial average have modest gains on the day Dow’s […]

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S&P & NASDAQ post 3 day losing streak. Dow breaks 2-today record close streak

Dow closes lower for the 1st time in 4 days The major US indices close lower across the board. The S&P and NASDAQ extended the losing streak to 3 days. The Dow meanwhile joined those indices after 2 consecutive days of record closes. The indices tried to rally in the last hour but reversed lower into the close.  The S&P and NASDAQ 3 days […]

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Dollar Edges Higher, But Set to Record Losing Week

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Friday, but still heading for its first weekly loss in three as doubts emerge about the strength of the U.S. economic recovery. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

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Cable tests key near-term levels again after losing altitude on push above 1.3700

GBP/USD falls from a high of 1.3723 earlier to 1.3668 currently The dollar regaining some poise during the session is pushing cable to fresh lows on the session and notably, testing key near-term levels once again. The drop after failing to hold yet another break above 1.3700 – at least for a comfortable enough period […]

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Gold Enters $1,700 Lows In 3rd Losing Week, Amid Risk-On Rampage

© Reuters. By Barani Krishnan Investing.com – Run, gold bull, run — away from the bear that is. The selloff in what is arguably the world’s most cherished, albeit vaunted, metal showed little signs of slowing on Friday as it fell to $ 1,700 territory — its foray there since June. “Gold is really struggling […]

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US major indices break losing streaks but close well off the highs

NASDAQ snaps 5 day losing streak. Dow and S&P break 4-day decline The US major indices snapped their losing streaks but also close well off there intraday highs.  The NASDAQ index had had a 5 day losing streak while the Dow and S&P declined for 4 straight days. S&P index closed up 16.23 points or 0.47% […]

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Dollar Is Losing Its Luster as Investors Line Up to Go Short

Dollar Is Losing Its Luster as Investors Line Up to Go Short (Bloomberg) — After rocketing higher in March as the ultimate haven currency, the dollar is now headed for its worst month since the beginning of 2018, and many strategists see the sell-off continuing. Negative real rates in the U.S., the relentless spread of […]

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