OMB Director says the layoffs have begun
The US OMB Director Vought is saying that the layoffs have begun. By layoffs, he means firings.
This article was written by Greg Michalowski at investinglive.com.
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OMB Director says the layoffs have begun
The US OMB Director Vought is saying that the layoffs have begun. By layoffs, he means firings.
This article was written by Greg Michalowski at investinglive.com.
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NBA Commissioner Adam Silver says ‘we’d love to bring a WNBA game’ to China
NBA Commissioner Adam Silver is looking to grow the NBA’s footprint in China. -
Trump’s tariff threat on China sinks US Dollar as market sentiment deteriorates
The US Dollar Index (DXY) drops by 0.48% to trade around 98.90 on Friday at the time of writing, extending its recent weakness as global investors react to a new escalation in trade tensions between the United States (US) and China. -
Trump’s tariff threat on China sinks US Dollar as market sentiment deteriorates
The US Dollar Index (DXY) drops by 0.48% to trade around 98.90 on Friday at the time of writing, extending its recent weakness as global investors react to a new escalation in trade tensions between the United States (US) and China. -
Cramer spots opportunities in 2 overlooked stocks as markets drop on Trump remarks
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. -
European indices close lower on the day. Declines led by the Italy’s FTSE MIB
The major European indices are all closing lower on the day. The biggest decliner was Italy’s FTSE MIB with a fall of -1.74%. Spain’s Ibex was the best performer with only a decline of -0.70%. Below is a summary of the changes for the indices:
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Europe (Euro Stoxx 50): 5,537.50, -88.10 (-1.57%)
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Germany (DAX 40): 24,241.47, -369.79 (-1.50%)
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France (CAC 40): 7,918.01, -123.35 (-1.53%)
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United Kingdom (FTSE 100): 9,427.46, -81.93 (-0.86%)
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Spain (IBEX 35): 15,476.49, -108.32 (-0.70%)
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Italy (FTSE MIB): 42,047.49, -744.11 (-1.74%)
For the week, the indices also moved lower:
- EuroStoxx -2.11%
- German Dax -0.56%
- France’s CAC -2.02%
- UK FTSE 100 -0.67%
- Spain’s Ibex -0.70%
- Italy’s FTSE MIB, -2.80%
This article was written by Greg Michalowski at investinglive.com.
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Which way out of the range
S&P 500 had trouble extending gains, and undershot an important support – only to rebound before the closing bell – respectable on such a risk-off day. -
EURUSD moves up to the 100 hour/day MAs, and finds sellers
The EURUSD raced higher with the dollar selling after US China tensions increased with Pres. Trump saying that massive tariffs would need to be imposed on imported goods from China in response to their export controls on rare earths.
The move to the upside saw the pair extend toward key resistance at the near converged 100-hour moving average and 100 day moving average near 1.1631 to 1.1633. The high price reached 1.1630 and has backed off a bit. The current price is trading at 1.1613.
The holding of those to moving averages comes as no surprise as risk can be defined and limited against the levels.
The successful test of the moving averages increases that level as a key risk-defining level. Stay below keeps the sellers in play. Move above and the bias could see more upside momentum with the swing area between 1.1645 and 1.16596 the next key hurdle.
This article was written by Greg Michalowski at investinglive.com.
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Russia Consumer Price Index (MoM) rose from previous -0.4% to 0.34% in September
Russia Consumer Price Index (MoM) rose from previous -0.4% to 0.34% in September
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