Forex headlines for July 31, 2014: July 2014 US ISM Chicago business PMI 52.6 vs 63.0 exp US initial jobless claims 302k vs 301k exp May 2014 Canadian GDP 0.4% vs 0.3% exp m/m Q2 2014 US employment costs 0.7% … Continue reading
The S&P 500 continues to slide into month-end. The index is down 36 points, or 1.85%, to 1933. The latest leg lower breaks the minor support from the Feb-April trendline. Next is the mid-June low at 1926.
The S&P 500 traced out a fresh session low, down 32 points to 1937. The FX market remains unimpressed and the yen crosses are well off the lows. Ultimately, you can’t have this kind of divergence in stocks, FX and … Continue reading
If market moves don’t make sense, look to the calendar. It’s a ho-hum day in the FX and bond market while stocks take an absolute beating. The S&P 500 is at the lows of the day, down 30 points to … Continue reading
The S&P 500 is up 8 points to 1978 shortly after the open. The picture is still undecided, which is no surprise ahead of the Fed.
The S&P 500 is 2 points higher at 1981 after falling as low as 1973. The rebound in stocks is giving the commodity bloc a reprieve.
Tech and industrial sector companies may take a knee jerk hit on the latest sanction news and that may weigh on the markets overall. Europe is the main side to watch unless we hear similar moves from the US. While … Continue reading
The S&P 500 is down 2 points to 1976. The big news ahead of the open was a couple of mergers. The first is in real estate with Zillow buying Trulia for $3.5. The second was Dollar Tree buying Family … Continue reading
The mood is souring, and rightfully so, after some of the corporate warnings about the stagnant US economy. You also run the risk of a hawkish headline from the Fed next week. The S&P 500 is down 10 points to … Continue reading
The earnings call after the bell from Visa yesterday was sobering. The company said it sees no acceleration of the economic recovery and no acceleration in 2015. In addition, the soft IFO report from Germany and negative revisions and details … Continue reading