US stocks close higher in volatile trading day. Chipotle earnings disappoint after close
The major US stock indices are closing with gains in what was a volatile up-and-down session especially during and after Fed Powell Q&A session at the Economic Club in Washington. Looking at the closing levels: Dow industrial average rose 265.67 points or +0.78% at 34156.68 S&P rose 52.97 points or 1.29% at 4164.04 Nasdaq index […]
US stocks tilting back to the downside as the trading day works toward the close
The clock ticks toward the end of day, the major US indices are also ticking lower. The Dow Industrial Average is down 73 points or -0.21% at 33856 S&P index is down -30.0 points or 0.72% at 4106.38. The 4100 level is a key level or short-term bias in the S&P NASDAQ index is down […]
European indices close the day with mixed results
For the UK FTSE 100, the price moved above the old all-time high from 2018 at 7903.50. The intraday high price reached 7906.58 before rotating back to the downside in closing minutes, and just below that all-time intraday high. Nevertheless, the close at 7901.81 was above the previous all-time close at 7877.97. In the forex […]
NZDUSD is one of the biggest movers on the day
USD is up 1.85% vs NZD and up versus all major currencies The NZDUSD is one the weakest (and biggest movers) of the major currency pairs today (The USDJPY is the biggest mover with a move of 1.92%). The NZDUSD pair is currently down -1.85% on the day (higher USD). The run higher in US […]
AUD/USD refreshes day low below 0.7070 despite upbeat Caixin Services PMI
AUD/USD has dropped to near 0.7064 as the market mood has soured. The upbeat Caixin Services PMI at 52.9 failed to provide support to the Australian Dollar. An interest rate hike of 25 bps is expected from the RBA next week. The AUD/USD pair has printed a fresh day’s low at 0.7064 despite the IHS Markit has […]
US equities post another solid day, led by tech stocks
Nasdaq daily Closing changes in North American equities: S&P 500 +0.5% Nasdaq +1.3% Russell 2000 +0.8% Toronto TSX Comp +0.1% On the week: S&P 500 +2.7% Nasdaq +4.6% Russell 2000 +2.7% Toronto TSX Comp +1.1% The story of the week is the revival of the high flyers of 2021 with Tesla leading the way in […]
NASDAQ index moves back above its 100 day moving average
NASDAQ is moving back above its 100 day moving average The NASDAQ index is leading the way to the upside today with a 153.47 point rise or 1.41% at 11005. The high price has reached 11018.02. Looking at the daily chart, the falling 100 day moving average comes in at 11000.95. With the price back […]
Forex Day Trading Guide for Beginners: Strategies, Risks, Rules and Tips
2023.01.20 2023.01.20 Day trading guide for beginners Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Day trading strategies are also referred to as intraday forex trading. It means opening and closing position within one day. Timeframes from M30 to H4 are used in these strategies to analyze the Forex market, although the most common timeframe is H1. Other intervals can be […]
S&P moves back toward 200 day moving average at 3968.83
S&P retesting at 200 day moving average As the trading day works toward the close, the S&P ticked briefly above its 200 day moving average at 3968.82. The high price reach 3970.15. Recall from earlier this week, the price closed above the 200 day moving average on Monday and Tuesday, but stalled on Wednesday and […]
USDCAD ticking toward 100 day MA and cluster of resistance
The USDCAD has continued it’s run to the upside after an early move above the 200 hour MA, ultimately led to the breaking above the confined range between 1.3344 and 1.3454 (110 pips – see red box in the chart below). USDCAD moves up to a cluster of resistance The momentum higher has now taken […]