RELATIVE STRENGTH INDEX INDICATOR – Analytics & Forecasts – 9 February 2023
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought […]
Dollar Index (DXY) Heads for 104 Ahead of Powell
U.S. DOLLAR ANALYSIS & TALKING POINTS USD looks to Jerome Powell for direction – will the rally continue? Key inflection point on daily DXY chart awaiting catalyst. Recommended by Warren Venketas Get Your Free USD Forecast USD FUNDAMENTAL BACKDROP The Dollar Index (DXY) has shown no signs of letting up its recent gains after the […]
The IndeX Files 07-02-2023
Equities Under Pressure From Resurgent USDIt’s been a difficult start to the week for global equities benchmarks. Leading indices have come under pressure on the back of Friday’s US jobs data which has fuelled a shift in Fed expectations, leading to a stronger US Dollar. Friday’s data saw the headline NFP print coming in at […]
Dow Industrial Average lower. NASDAQ index trades above and below unchanged
<p>The major US indices are trading mostly lower led by the Dow Industrial Average which is trading down around -0.4% at the open. The NASDAQ index trading above and below unchanged.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average -131.40 points or -0.39% at 33759.63.</li><li>S&P index -9.33 points or -0.23% at 4101.74.</li><li>NASDAQ index +2.04 points […]
BP’s Record Profits has the FTSE 100 Index Approaching New All-Time High
BP Earnings, FTSE 100 Index Analysis BP announces record profit, share buybacks and a step back from oil output reductions FTSE 100 Index approaches its first test of the newly formed all-time high on upbeat BP results. BP share price and positive tailwinds from Shell help keep the index moving higher The analysis in this […]
US stocks fall after the much stronger than expected US jobs report. Nasdaq index weakest.
The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and […]
S&P/Global services PMI index versus a 46.8 versus 46.6 preliminary
S&P/global services business index The more closely followed ISM nonmanufacturing PMI index will be released at the top of the hour with expectations of a move back above the 50.4 from 49.2 last month. The nonmanufacturing business activity index is expected to rise to 54.5 from 53.5 last month. Source link
ISM US nonmanufacturing PMI index 55.2 versus 50.4 estimate
ISM Non Manufacturing index Nonmanufacturing PMI index 55.2 versus 50.4 estimate. Prior month 49.2 nonmanufacturing business activity index 60.4 versus 54.5 estimate. Prior month 53.5 employment index 50.0 versus 49.4 last month new orders index 60.4 versus 45.2 last month prices paid index 67.8 versus 68.1 last month new export orders 59.0 versus 47.7 last […]
USD Index extends the upside north of 102.00 ahead of ISM
The index picks up extra pace after another solid NFP print. The US labour market shows no signs of weakness so far. The US economy added far more jobs than predicted. The greenback adds to the optimism seen in the second half of the week and lifts the USD Index (DXY) back above the 102.00 […]
All US stock index declines are now officially erased
The major indices have now erased all the declines: S&P index is up 1.47 points or 0.04% at 4181.47 NASDAQ index is up 27.41 points or 0.22% at 12228.57 Dow Industrial Average is up 120 points or 0.35% at 34172.68 The Russell 2000 of small-cap stocks is also positive by 2.85 points or 0.14% at […]