Major indices fall sharply on day but off lows The bell has rung and it was another down day for the major indices. This week 4 of 5 days closed lower. Stocks on pace for their worst months since October 2008
Moves away from 100 day MA and the 38.2% retracment. The fearful markets are driving gold prices higher with the price trading at the highest level since July 17th (at $1241.55 now).
Lowers outlook to negative from stable Meanwhile Fitch, it kept UK rating unchanged at AA, but lowered its outlook to negative as a result of downside risks from a disruptive exit from EU.
The Commitments of Traders weekly CFTC futures forex positioning data: – EUR short 30K vs 29K short last week. Shorts increased by 1K – GBP short 47K vs 50K short last week. Shorts trimmed by 3K
up $.26 on the day or 0.39% Crude oil futures are settling the week at $67.59. That is up $.26 or 0.39%. The high for the day reached $67.88. The low extended to $66.20.
Apple highlights the earning calendar next week This week proved to be a key week for earnings with mixed results, but a loosy market sentiment. So what is on tap for next week?
According to Earlier this week, Trump said that a new 10% tax cut would be announced in the next few weeks and they would be deficit neutral. I think that blanket statement was a little aggressive. It did not really advance stock markets either. In fact, the market may be a little more worried about…
Underside of broken trend line tested at 112.09. Can it stall the rally here? The USDJPY fell below its 100 day MA and tested a swing target at 111.39. That is where the selling stalled.
Total rig counts 1068 versus 1067 last week Crude oil is currently trading at $67.59 little change from the pre-release levels ForexLive
German economists has an idea to minimize Italy’s debt The bad news is that Italy’s government has a massive debt problem; the good news is that Italians are relatively wealthy. Despite the disparity in their government’s and current economic situation, the average Italian household is more wealthy than his or her German counterpart.