Main indices shut larger and in addition are larger for the week

The most important indices are closing larger for the day with the Nasdaq main the way in which. The Dow and the S&P are additionally larger. The small cap Russell 2000 is closing decrease however is larger on the week. The ultimate…

USDJPY dips below 100 hour MA. Can the momentum continue below the 200 hour MA now?

There are some small wins for seller in the USDJPY from a technical perspective:The price stalled ahead of a topside trend line yesterday on the hourly chart (see chart above) . The inability to get to the level is a small negative.The…

They don't ring a bell at the top

Magazine covers are notorious signs of a top.The meme stocks are flying once again.Do we ride this to 85 at least?I don't think we're necessarily in the final inning but I suspect the market will need a red sweep to keep the party going. …

EURUSD trades to a new high

The EURUSD is trading higher and is approaching key resistance near 1.0871 to open 08746. Within that area is the 100 hour moving average at 1.087161.8% retracement of 1.08746200 day moving average at 1.0872The high price yesterday reached…

Fed's Waller does not comment on monetary policy or the economic outlook

Feds Waler is speaking but does not comment on monetary policy were economic outlook in his prepared remarks on decentralized finance.There may be a Q&A after his speech that could provide some commentary on each. This…

Insights from 16 firm convention calls: Whispers from firms that reported this week

I imagine that the most-underrated supply of knowledge on the financial system is from company convention calls, notably these which can be most-sensitive to macro. I went by means of the calls of 16 firms that reported this week and located…

ECB's Lagarde set to look on Bloomberg TV

I believe there's a probability that Lagarde strikes a more-dovish tone than yesterday however in all probability we are going to hear the identical issues about information dependence. Proper now the market is pricing in a 24% probability…

US inventory futures greater as Netflix rises 6.5%

S&P 500 futures are up 13 factors after touching a file excessive (after which fading) yesterday. Nasdaq future are up zero.three% with some assist from Netflix, whose shares are up 6.5% after beating estimates on subscriber development.…

As the NA session begins, the NZD is the strongest and the CHF is the weakest

As the North American session begins, the NZD is the strongest and the CHF is the weakest. China's economy grew at a slower pace in the third quarter, with GDP expanding by 4.6% year-on-year, down from 4.7% in the previous quarter and marking…

USD/JPY lower on the day but buyers stay in control for now

When put into context to the near-term chart below, the quick 30 pip drop earlier isn't that meaningful. As our reader Alex pointed out, there were some headlines noting that the BOJ is said to see "little need to rush an October rate hike"…