European indices close Friday with gains
The major European indices are closing the day with gains led by the Spanish Ibex which rose by 1.42%. The German DAX is up 0.76%. The final numbers are showing: German DAX, +0.76% France’s CAC, +0.63% UK’s FTSE 100 +0.3% Spain’s Ibex +1.42% Italy’s FTSE MIB +0.30% For the trading week, the gains today did […]
Bulls reclaim the 20/200-DMAs, eyeing a weekly close above 140.50
EUR/JPY bounced off the day’s lows at 139.03 and hit a daily high of 141.19 before losing steam. The EUR/JPY reclaiming and achieving a daily close above the 200-day EMA keeps bulls hopeful of higher prices. The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the […]
US stocks close with solid gains
The major US stock indices are ending Friday with solid gains. For the week the Nasdaq is closing marginally higher for the 3rd week in a row but the S&P and Dow closed the week lower. The final numbers are showing: Dow Industrial Average rose 330.93 points or 1.00% at 33375.50 S&P index rose 73.74 […]
The rates market thinks EUR/USD can get close to 1.20 – SocGen
Societe Generale Research sees a scope for EUR/USD to exceed its year-end target of 1.12. “Our end-2022 forecast for EUR/USD is 1.12, and we’re conscious that the currency is rising much faster than expected. If we could get our heads properly around the idea that the energy crisis is over despite the war in Ukraine […]
European equity close: Another day of gains, why not?
What a start to the year for European stock markets. Closing changes on the day: Stoxx 600 +0.5% German Dax +0.2% France’s CAC +0.7% UK’s FTSE 100 +0.7% Spain’s Ibex +0.6% Italy’s FTSE MIB +0.2% On the week: Stoxx 600 +1.9% German Dax +3.4% France’s CAC +2.4% UK’s FTSE 100 +1.9% Spain’s Ibex +2.1% Italy’s […]
Gold is set for the highest weekly close since April, what’s next
gold daily chart The gold bulls are certainly having a moment. At the start of December, as I always do, I highlighted the seasonal trend towards higher gold. Once again, it worked and remains the single-best seasonal trade I know of. It’s been a ticket to start the year off with a solid gain forever. […]
US stocks close higher.Nasdaq up for the 5th day. S&P and Dow up for the 3rd straight day.
<p>The US major indices are closing higher. For the NASDAQ, it is the fifth consecutive up day. For the S&P and the Dow each have gained over the last three trading days and are up four of five days.</p><p>Both the Dow Industrial Average and the NASDAQ index rose by 0.64% today. The S&P was up […]
European equity close: Another strong day for stocks
<p>The great start to the year in Europe continues. It was the most-hated spot in the world coming into the year and a dose of good weather has really turned the tide.</p><ul><li>Stoxx 600 +0.4%</li><li>German Dax +1.1%</li><li>France's CAC +0.8%</li><li>UK's FTSE 100 +0.5%</li><li>Spain's Ibex +0.2%</li><li>Italy's FTSE MIB +0.5%</li></ul><p>The DAX chart right now is hard to dislike.</p> This […]
Major European indices close with solid gains
The European major indices cheered on the lower inflation reading for the second consecutive day. Today France’s preliminary CPI came in lower than expectations. Warm weather and lower energy prices are also a contributing factor to the better tone. The German DAX had its best day since November 10. France’s CAC its best since November […]