Author: FX

There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary, but with the economic schedule light and most traders taking the week off, the activity should be limited. For year end flows (tax related), activity must be completed by Wednesday to get under the end of year wire. Today the US had durable goods, Core…

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© Reuters. FILE PHOTO: Twitter logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration By Paresh Dave, Fanny Potkin and Sheila Dang (Reuters) – Twitter Inc (NYSE:) removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. The removal of the feature, known as #ThereIsHelp, has not been previously reported. It had shown at the top of specific searches contacts for support…

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Recover from earlier losses The major US indices are closing the day higher and near highs for the day. At session lows the Dow Industrial Average was down -213 pointsS&P index was down -25.37 pointsNASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of…

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With the day moving toward a close, the stocks are moving off their high levels. The NASDAQ index is now negative on the day. US yields remain higher and near their highest levels. The two year yield is up 6.3 bps at 4.327%. The 10 year yield is at 3.751%, up 8 bps on the day.The major stock indices are trading within the low to high ranges from yesterday as traders look toward the holiday weekend. The markets will be closed on Monday in observance of Boxing Day/Christmas (one day later). Gold is up $3.34 or 0.19% on the day.…

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Crude oil settles higherThe price of WTI crude futures are settling at $79.56 . That’s up $2.07 or 2.671%Frigid temperatures across most of US are contributing to the move to the upside. The high price today extended back over the $80 level to $80.30. The low price was down at 78.01.Looking at the hourly chart, the price moved back above the 38.2% retracement of the move down from the November 7 high. That level comes in at $79.16. The rising 100 hour moving average is down at $77.4, and the rising 200 are moving averages at $76.52. Earlier this week,…

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The vote in the House was 225-201 with one Democrat (AOC) voting ‘no’ and 10 Republicans voting ‘yes’.The bill funds the government through next September.Gold has had a nice month so far and steadied after yesterday’s slump. All this spending is one day going to be a big tailwind for gold.ADVERTISEMENT – CONTINUE READING BELOW Source link

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EUR/USD bears are eyeing the trendline support for an explosive breakout. The price is being resisted and a break of 1.0575 will likely encourage the bears to target a break of 1.0500.  As per the prior analysis, EUR/USD Price Analysis: Bears sink in their teeth to test bulls at a critical support structure, the bears are capping the bull’s attempts to break higher. We have seen the price start to coil on the backside of the prior bullish trend but still, the Euro remains on the front side of the more dominant bullish trend as the following will illustrate. EUR/USD prior…

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