Author: FX

2/2 © Reuters. FILE PHOTO: A passenger looks at a flight departure board at Ronald Reagan Washington National Airport as a budding winter storm across the much of the country is likely to cause travel delays ahead of the Christmas holiday, in Arlington, Virginia, U.S., 2/2 By Tyler Clifford and Rich McKay DETROIT (Reuters) -A dangerously frigid arctic air mass gripped a vast expanse of the United States on Thursday ahead of what could be one of the coldest Christmas Days on record, as a looming winter storm threatened to upend travel plans for millions of Americans. Leading into the…

Yesterday, the S&P closed up 56.84 points or 1.49% at 3878.45Nasdaq 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 the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had…

Indices Talking Points: Recommended by James Stanley Get Your Free Equities Forecast We’re winding down to the end of the year but volatility in stocks has continued to flow. Today brought a strong move to start the session as the S&P 500 put in a dead drop from the key zone of resistance that came into the picture yesterday at the 3912-3928 area on the chart. This was resistance in late-October before becoming support over a couple of different episodes in November. Last week’s FOMC-fueled sell-off broke through that area as the S&P touched down to the 3802-3810 zone that…

AUD/JPY rose to the top of our longer-term watchlist this week after significant monetary policy events from both the Bank of Japan and the Reserve Bank of Australia. What did they say and will it lead to a momentum move in AUD/JPY in early 2023? Let’s take a look! Monetary Policy Divergence Ahead?! In case you missed it on Tuesday, the Bank of Japan rocked the markets by raising its cap on the 10-year Japanese government bond interest rate from 0.25% to 0.50%. No one saw this coming, and while BOJ Governor Kuroda said this decision was to improve bond…

S&P 500, Liquidity and Volatility Talking Points:The Market Perspective: S&P 500 Choppy Range Between 3,910 and 3,650A charge in the VIX volatility index shadowed the S&P 500’s nearly -3.0 percent drop to Thursday’s lowWhile there were some fundamental sparks, the slide and ultimate pressure on the SPX’s midpoint of its October to December range is being distorted by holiday liquidity Recommended by John Kicklighter Building Confidence in Trading The S&P 500 seems to be leading risk-leaning assets to defy the typical Santa Claus rally and comfortable fade in volatility that are usually ascribed to this time of year. In fact,…

EUR/USD is testing a critical support structure that guards a breakout.  EUR/USD has otherwise supported within the bullish cycle with prospects of a bullish extension.  EUR/USD is moving in towards a price imbalance between 1.0580 and 1.0560 having already made a low of 1.0582. The price is coiled below the top of the bullish cycle up at 1.0763 and is breaking down the trend which leaves the bias to the downside. The following illustrates the prospects of an explosive move below trendline support and given the holidays, a narrow range could be the fuel for the same in the full trading days…

Invesco Dynamic Energy Exploration & Production ETF declares quarterly distribution of $0.3119 Source link

© Reuters. FILE PHOTO: The sign of a CarMax dealership is pictured in Duarte, California March 28, 2014. CarMax, the largest U.S. used car retailer, is expected to report strong fourth-quarter results on April 4. REUTERS/Mario Anzuoni By Kannaki Deka (Reuters) -Used-car retailer CarMax Inc (NYSE:) said on Thursday it was pausing some hiring, halting share buybacks and cutting expenses after reporting an 86% drop in third-quarter profit as the industry struggles to offload inventory amid waning demand. The company’s shares fell as much as 12% to $52.10 and were at more than a two-and-a-half year low, dragging other auto…

GBPUSD falls below 200 day MAThe GBPUSD has traded lower today and to the lowest level since November 30. In the process, the price extended back below the 200 day moving average of 1.20791 (see green step down line on the chart above). On December 1, the price first moved above that moving average level, and although the price made small dips below the level including during yesterday’s trading since then, momentum could not be sustained. Going forward now that the MA has been broken with more momentum, stay below the 200 day moving average keeps the sellers more in…

US Dollar Talking Points:The US Dollar is holding support at a key spot on the chart and there’s a couple of headline items on the calendar for tomorrow that can keep the currency in-focus ahead of the holiday weekend.EUR/USD has been in a quiet range so far this week but GBP/USD is pushing lower after this morning’s disappointing UK GDP report. USD/CAD is putting in a support bounce from a key spot and USD/JPY appears to be trying to start a recovery move after the early-week drubbing.The analysis contained in article relies on price action and chart formations. To learn…