All Articles Tagged - US30

European Open Preview – Dollar hits 3-week low as commodity currencies gain ground

Posted on December 27, 2017 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued retreating, recording a three-week low. Meanwhile, commodity currencies, including the loonie, aussie and the kiwi, were posting multi-week highs versus the greenback. STOCKS: The Nikkei 225 closed 0.1% higher. The Hang Seng was down by 0.1%, while the Shanghai Composite lost 0.9%. Euro Stoxx 50 futures traded higher by 0.1% at 0728 GMT, with Dow, S&P 500 and Nasdaq 100 contracts all being roughly flat. COMMODITIES: WTI [..]

European Open Preview – Catalan vote pressures euro; US core PCE awaited

Posted on December 22, 2017 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded slightly higher versus a basket of currencies and further above a two-week low hit earlier in the week. Despite this, it was still on track to record a weekly loss. The euro was down, though it recovered to a significant extent earlier losses after the results from Catalonia’s regional elections showed a victory for pro-independence forces. STOCKS: The Japanese Nikkei 225 and Topix indices finished the day higher [..]

European Open Preview – Dollar gains versus yen on rising yields and dovish BoJ; Canadian CPI eyed

Posted on December 21, 2017 at 8:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar edged slightly higher versus a basket of currencies but was still trading not far above a two-week low hit yesterday. The US currency continued gaining versus the yen, being supported by rising Treasury yields. STOCKS: The Nikkei 225 closed down by 0.1% and the Topix added 0.1% to renew its 26-year high. The Hang Seng was up by 0.5%. Euro Stoxx 50 futures were marginally lower at 0726 GMT, [..]

US Open Preview – Swedish krona gains following central bank meeting; kiwi eyed ahead of GDP data

Posted on December 20, 2017 at 11:44 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed versus other major currencies as trading is getting thinner ahead of the Christmas holidays and as the House of Representatives is anticipated to cast a final vote in favor of tax reforms later in the day. STOCKS: European equities were heading lower, though losses were limited for the most part. At 1120 GMT, the pan-European Stoxx 600 was down by 0.2% and the blue-chip Euro [..]

European Open Preview – US tax bill to be ratified; Japanese equities at multi-decade high

Posted on December 20, 2017 at 8:31 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed versus a basket of currencies as markets awaited the House of Representatives to cast a final vote in favor of tax reforms later today. The euro was roughly flat after receiving a lift from higher German bond yields. STOCKS: The Nikkei 225 closed 0.1% higher and the Topix added 0.3% to finish at its highest since late 1991. The Hang Seng was down by 0.1%. [..]

European Open Preview – US tax bill heads for vote; aussie up on mostly upbeat RBA minutes

Posted on December 19, 2017 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly lower versus a basket of currencies as trading conditions were getting thinner ahead of the holiday period and attention remained on the tax story in the US. The antipodeans kept edging higher versus the greenback though their gains were subdued on a day with no sharp movements among major pairs. STOCKS: The Nikkei 225 finished 0.15% lower on the day, while the Hang Seng traded higher by [..]

European Open Preview – US tax reform dominates attention; appetite for risk pushes equities higher

Posted on December 18, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly down against a basket of currencies after posting gains on Friday following the announcement that House and Senate Republicans have found common ground on the front of tax legislation. The antipodeans were again gaining ground versus the greenback. STOCKS: The Nikkei 225 added 1.55% and the Hang Seng was higher by 1.0% on a day when Asian equities were mostly on the rise on the back of [..]

Technical Analysis – US 30 index bullish in the short- and medium-term; RSI though overbought

Posted on December 15, 2017 at 11:31 am GMT

The US 30 index has been advancing for the most part in recent days, reaching an all-time high of 24,678.00 during yesterday’s trading. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to a bullish short-term picture for the index. The RSI, which has been moving higher in recent weeks, supports a positive view in the short-term, though it has crossed into overbought territory above the 70 level, rendering a short-term pullback a possibility. Turning to [..]

European Open Preview – Dollar close to week’s lows; EU leaders decide on Brexit

Posted on December 15, 2017 at 8:39 am GMT

Here are the latest developments in global markets: FOREX: The dollar was not much changed after hitting an eight-day low against a basket of currencies yesterday on uncertainty over the passage of tax reforms. Kiwi/dollar advanced after New Zealand’s finance minister expressed no concerns about a rising currency. STOCKS: The Nikkei 225 lost 0.6% and the Hang Seng was down by 1.1%, with Asian markets mostly on the decline . Euro Stoxx 50 futures were 0.25% lower at 0723 GMT, [..]

European Open Preview – Jobs report lifts aussie; ECB and BoE eyed

Posted on December 14, 2017 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was little changed after recording sharp losses the previous day as investors expected a more hawkish rate outlook by the Federal Reserve. The aussie was on a positive footing versus the greenback after better-than-anticipated employment figures. STOCKS: The Nikkei 225 finished lower by 0.3% and the Hang Seng was last down by 0.3%; most major Asian benchmarks headed lower though losses were limited. Euro Stoxx 50 futures traded [..]

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