European stocks mostly higher, but DAX fails to hold above its 100-day moving average
As London/European traders exit for the day, the major European stock indices are mostly higher. The UK’s FTSE 100 leads the gains, followed by France’s CAC. Italy’s FTSE MIB bucks…
Read More »S&P 500 technical analysis as week ended less than 1% lower than ATH just shy of 7850
S&P 500 futures test whether the channel breakout can hold S&P 500 E-mini futures have improved after breaking out of the broader descending channel that contained much of the August-to-September…
Read More »US indices close mixed with Dow, S&P and Nasdaq lower, but Russell and Nasdaq 100 higher
The major US stock indices are closing mixed as investors digest the stronger-than-expected US jobs report. The Dow, S&P 500 and Nasdaq closed modestly lower, while the technology-heavy Nasdaq 100 and…
Read More »GBPUSD buyers push the price above a swing area target.
The GBPUSD surged higher yesterday, extending its rally toward a key swing level at 1.34797. However, during the Asia-Pacific and early European sessions, the pair corrected lower, retracing back to…
Read More »US advance goods trade balance for June -$101.5 billion versus -$100 billion estimate
Prior was -105.8 billion. The worst since July 2025 Exports of goods for May 204.7 billion versus $207.7 billion last month. That is -3.8 billion less than May exports Imports…
Read More »US GDP final Q1 2.1% versus 1.6% estimate
Prior estimate 1.6%. Prior quarter 0.5% GDP Final Q1 2.1% vs 1.6% estimate and 1.6% prior estimate GDP sales final 1.9% vs 1.5% estimate and 1.5% prior estimate GDP consumer…
Read More »US June Philly Fed business index 10.3 versus 10.0 estimate
Prior -0.4 Details: New orders 27.3 versus -1.7 prior Shipments 14.9 versus 4.9 last month Unfilled orders 10.5 versus -2.5 last month Delivery times 10.8 versus -10.4 last month Inventories…
Read More »NASDAQ on pace for its worst day day since April 10, 2025
The NASDAQ is now down more than 1,000 points, or -3.84%, at 25,801, with the session low reaching 25,753.93. Selling pressure accelerated following reports that Microsoft may look to tap…
Read More »What are the bias, risks, and key targets for the EURUSD, USDJPY, and GBPUSD right now?
As the new trading day gets underway, markets are off to a relatively cautious and choppy start. Oil prices are modestly lower and trading near session lows after giving back…
Read More »