Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe USD/JPY pair rose during the balance of the week, closing above the 105 level. This was an area that we’ve been targeting for some time now, and it appears that we are free to go much higher at this point. We would expect a […]
NEW YORK CITY (CNN)-Despite a recent string of positive economic news, Americans say they aren’t feeling the improvements.A new CNN/ORC poll released Friday showed people were pessimistic that the economy was improving. Nearly 70% said the economy is generally in poor shape, and only 32% rated it good.Two-thirds of respondents said most of the economic news they’ve heard recently was […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereMarch E-mini S&P 500 Index futures continued higher overnight. The move is being driven by last week’s tapering by the U.S. Federal Reserve, stronger-than-expected U.S. third quarter growth and higher markets in Asia and Europe. The rally could continue throughout the session despite thin pre-holiday […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereGold markets fell below the $1200 level during the session on Thursday, triggering what could be a longer-term signal. We believe that if the $1200 level was broken, that the market would continue lower, probably as low as $1000 before it was all said and […]
Stocks moved higher on Wednesday, even after a reduction in monetary stimulus measures was announced by the Federal Reserve. The Fed said it was certain the economy was strong enough so that it could effect a modest taper to its stimulus program. The Dow and S&P 500 also finished at new record highs on the day. All the sectors in […]
Benchmarks ended in the green on Monday, as investors attempted to predict the Federal Reserve’s next move ahead of its two day policy meeting. Investor sentiment also got a boost from indications of a strong recovery in the economy led by encouraging U.S. manufacturing data and upbeat data from Europe. Two major corporate deals also captured investors’ attention for the […]
The S&P 500 and Nasdaq suffered their biggest declines in five weeks as investors grew worried about the prospect of a near term tapering of the Fed’s stimulus plan. Dismal earnings numbers added to the gloom and dragged benchmarks into the red. Consumer staples were the only gainer among the S&P 500 industry groups, while healthcare stocks incurred major […]
The following was written by Cory Massimino. In the years following the 2008 financial crisis the stock market, unlike the rest of the economy, has been outstanding. Last Monday the Dow Jones Industrial Average and Standard & Poor’s 500 stock index reached record highs following continued confidence in the Federal Reserve’s expansionary monetary policy. Shortly after trading began, the S&P hit […]
The S&P 500 closed at another record high and fellow benchmarks ended in the green, while investors were left searching for clues about the timing of the Fed’s tapering of its stimulus plan. The S&P 500 was somewhat boosted by SYSCO Corporation’s (NYSE:SYY) announcement that it was purchasing rival U.S. Foods. The materials sector was the biggest gainer among the […]
Deutsche BankThe stock market has been rallying throughout 2013, and at current levels just a few points shy of all-time highs today, the S&P 500 index is now up more than 28% in the year to date.
Since an eventual tapering of the Federal Reserve’s quantitative easing became cemented as a major market theme in May, however, short bets against the […]
