Major European indices move higher to start the trading month Varying gains for the major indices In other markets as London/European traders look to exit: In the forex, the AUD remains the strongest of the majors, but the rise in the JPY in the NY session is pushing for that lead.
USD/CAD Outlook Hinges on US ＆amp; Canada Employment Reports USD/CAD may consolidate ahead of the employment reports due out of the US and Canada as Federal Reserve officials tame speculation for a looming shift in monetary policy.
NASDAQ and trades to a new session highs NASDAQ shares lead the way with a 0.63% gain The S&P index is up 19.84 points or 0.45% at 4415.10. That is still off its earlier high of 4420.90 The Dow industrial average lags but is still higher by 125.78 points or 0.36% at 35061.25.
Crude oil breaks technical support and runs lower Price breaks below its 100 and 200 hour moving averages on the way to the downside The fall to the downside has been help by some bearish technical breaks. More specifically, the price fell below its:
The App With the Unprintable Name That Wants to Give Power to Creators Fed up with the imbalance between online influencers and brands, Lindsey Lee Lugrin and Isha Mehra created a platform to change that.Lindsey Lee Lugrin, right, and Isha Mehra have created an app where online influencers can share information in a collective effort to raise their pay.
USDCAD trades to a new session high. Crude oil is down sharply helping to weaken the loonie Trades near highs for the day The USDCAD is trading to a new session high after being mired in a very narrow 32 pips trading range for most of the London session (the average over the last 22 days has been around 100 pips). Helping to weaken the CAD (move USDCAD higher) is crude oil which is down
AUDUSD moves back above 100/200 hour MA The price remains confined in an up and down trading range THe AUDUSD has moved back above its 100 and 200 hour moving averages currently near the 0.7367 area (blue and green lines near converged in the chart below).
Theranos Patients: The Emerging Wild Card in the Trial of Elizabeth Holmes The government hopes patient testimony—if a judge allows it—in the closely watched criminal fraud trial will support the charge that Elizabeth Holmes touted the company’s medical tests as reliable despite knowing of bad results.
USDJPY falls to new lows Price cracks below the July 20 low The low just reached 109.246. , the price high both on Friday and again today found early sellers against its falling 100 hour moving average (blue line currently at 109.73).
Reese Witherspoon's Hello Sunshine to Be Sold to Media Company Backed by Blackstone The venture Blackstone is backing will be run by former Walt Disney executives Kevin Mayer and Tom Staggs, who are hunting for content companies amid a land-grab for high-quality programming in Hollywood.
Nasdaq Fluctuates Following Rosy ISM Manufacturing Report Stocks gapped higher at opening bell on Wall Street, but the Nasdaq receded slightly following a solid ISM manufacturing report that showed strong employment gains ahead of NFPs due Friday.
Who‘s afraid of the bad Big Tech? Central banks, that‘s who. Now the BIS suggests watching them like big banks.
Debt Ceiling Deadline: What It Means and How Congress Can Act The clock is ticking for Congress to reach a deal to raise the federal borrowing limit before the government runs out of money to pay its bills some time over the coming months.