Author: FX
Major US stock indices are closing mixed to end the trading week. The Dow industrial average closed lower. The S&P closed unchanged while the NASDAQ index closed higher.The final numbers are showing:Dow industrial average fell -165.35 points or -0.37% at 44546.08S&P index felt -0.44 points or -0.01% at 6114.63. That was around four points short of its all-time closing level near 6118.NASDAQ index close up 81.13 points or 0.41% at 20026.77Russell 2000 fell -2.020 points or -0.10% at 2279.98Meta’s streak extended to 20 straight up days. Today shares close higher by $8.11 or 1.11% at $736.67. Dell shares closed higher…
USD/JPY falls to 152.02, erasing February 12 gains as sellers take control. Bearish RSI signals further downside; key support at 150.93 and 148.64. A recovery above 152.73 could open the door to 153.22 and 154.00. The USD/JPY extended its losses, dropping below the 200-day Simple Moving Average (SMA) of 152.73 and hitting a three-day low of 152.02. Worse than expected, US Retail Sales data weighed on the American currency, which has fallen to a year-to-date (YTD) low, according to the US Dollar Index (DXY). The pair trades at 152.26, below its opening price by 0.36%. USD/JPY Price Forecast: Technical outlook…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The US Dollar Index fell close to 107.00 after Thursday’s sharp decline. US Retail Sales fell 0.9% in January, missing expectations and fueling rate cut speculation. US Treasury yields continue to decline with the 10-year yield below 4.50%. The US Dollar Index (DXY), which tracks the US Dollar’s performance against six major currencies, remains stable after posting losses in the previous session. At the time of writing, the DXY hovers around 107.00, as economic data continues to paint a mixed picture. Weak Retail Sales weigh on sentiment, but Industrial Production provides some support. Daily digest market movers: US Dollar weakens…
Trump says he agreed to meet UK's Starmer in next few weeks Source link
The next couple of points of inflation will be pretty important.Even if get better data on inflation, should be cautious on ratesif labor market stays stronger, better inflation data doesn’t necessarily mean Fed can cut.Also focused on geopolitical, policy changes.We are taking our time to see how these affect economy.There is a lot of optimism among Texas banks on loan demand, economic growth.Need tailoring of banking regulation, based on size as well as risk profileCritically important that every bank is set up to use the Fed’s discount window.Still are some banks that are not signed up to discount window, still…
President Trump from says that he is working on pipeline held up by New York to bring down energy prices. 625 million acres of offshore that have been banned under Biden, will now be unmanned I don’t know but 625 million acres seems like a lot…..The all of US is 2.26B acres. Trump also signed an executive order creating the “Energy Dominance Counsel”Says:US has more energy than any other countryCongress will look at California tailpipe waiveradministration is giving “Conditional approval to Commonwealth LNG natural gas export project today – the first of what is expected to be manyOn tariffs says:Auto…
TSMC is reportedly interested in an Intel factory deal. The company is weighing taking a controlling stake in partnership and considering operating US Inte factories after a request from US Pres. Trump.Other tech firms may also take a stake in possible deal.Intel is currently without a CEO after the former CEO Pat Gelsinger was ousting back in December. At the time Frank Yeary, Intel Board chair said that “We are working to create a leaner, simpler, more agile Intel,”.A deal like this would be a simpler, more agile Intel. Shares of Intel traded as high as $25.19 shortly after the…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The NASDAQ index has moved back above the 20,000 level reaching a high of 20,006.26. The last time the price was above 20,000 was back on February 24. The high price that day reached 20,118.61 before rotating lower and closing below the 20,000 level at 19,954.30. At the same time, the S&P is back above the highest closing level at 6118.71. It is currently trading at 6120.26.The highest closing level for the NASDAQ index is at 20173.89 back on December 16. Source link