Forex news for NY trading on August 24, 2018. In other markets: – Spot gold is trading up $20 on the day or +1.70% at $1205.72. The high reached $1208.82. The low $1183. The lower dollar and a more bullish technical bias helped to push the precious metal higher. Stocks in the US ended
All time highs reached for the broad indices Both the S&P and the Nasdaq are ending the session at record closing levels. The Dow also closed higher on the day.
The USD was lower this week The week is coming to an end and the strongest currency of the majors is the EUR. The weakest is the JPY as global stocks rebounded and that took traders out of the relative safety of the JPY (or so they say). The USD was also lower on the…
Commitment of traders report for the week ending Aug 21, 2018 – EUR short 5K vs 2K long last week. – GBP short 72K vs 61K short last week. – JPY short 47K vs 58K short last week. The largest position is a short in the GBP. This week, the GBP moved higher but note the price…
Up $0.89 on the day or 1.31% The price of crude oil is settling the day and week at $68.72. That is up $0.89 on the day or 1.31%. The price has come off the highs into the close. The high for the day reached $69.31. The low reached $67.78.
Differing views The New York Fed cut its Q3 forecast to 2.0% from 2.4% this week. The report said the decline was due to “the negative impact of higher than expected manufacturers’ inventories.”
Allen Weisselberg granted immunity There was a report yesterday that New York prosecutors could go after the Trump organization for the accounting of the payments to Cohen. They may have been expensed as legal costs but should have been campaign contributions.
High just reached 2873.77 The S&P has just reached officially its new record high at 2873.77. The high close reached 2872.87 back in January. The Nasdaq has a new all-time high at 7948.33 (trades at 7944.60 now).
Tracking estimate bumped higher ForexLive
Trades to a new record high at 7940 The Nasdaq trades at a new record high – moving above the 7933.30 old high from July 25th The S&P is traing up 14.75 points at 2871.77. The high price today reached 2872.31. The all time high price was reached earlier this week at 2773.23. The high…