SPX 10 mins Suddenly, it’s not a pretty picture in global equity markets. Today’s 10-year Treasury sale was a poor one, pushing yields higher. The bond market has stabilized since but stocks are now at the lows of the day. The price action has bled into FX as well, with the Australian dollar now barely positive. The turn in…
United States 10-Year Note Auction: 3.96% vs previous 4.276%
2024.08.07 2024.08.07 Economic calendar for the week 12.08.2024 – 18.08.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The aftermath of the August 5 Black Monday continues to affect investor activity. Japan’s Nikkei 225 index plunged 13.47%, partly due to a sharp yen strengthening. This decline then spread to Europe and the United States. The market has reached below multi-week lows in a matter of…
With Wall Street’s fear gauge rising to its highest level since the pandemic, another major surge in market volatility may be in the cards. Here are some adjustments you can make. What is volatility anyway? Volatility refers to the amount by which an asset price fluctuates over a time period. It is measured by taking the standard deviation or the…
The major US stock indices are opening sharply higher. at 15 minutes after the open, the major indices are showing: Dow Industrial Average average is up 307 points or 0.79% at 39302 S&P index is up 75 points or 1.42% at 5315. NASDAQ index is up 309 points or 1.89% at 16666 The small-cap Russell 2000 is up 28…
Tuesday’s trading session was mixed; stock prices bounced, but they closed well below the daily highs.
2024.08.07 2024.08.07 RBA Saves Aussie from Nosediving. Forecast as of 07.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets managed to recover from severe turbulence. Yesterday’s winners have become losers and vice versa. Notably, the RBA’s intention to maintain the rate at 4.35% for at least six months supported the AUDUSD pair’s upward movement. Let’s discuss this topic and make a trading plan. The…
NZD/JPY recovered sharply this week after days of heavy losses! How high can NZD/JPY fly before FX bears show up again? We’re zooming out to the daily time frame for the major inflection points to watch out for! NZD/JPY Daily Forex Chart by TradingView Thanks to improved risk sentiment and a bit of profit-taking, risk currencies like the New Zealand…
The broader market sentiment is continuing to recover, with the optimism from yesterday holding up for now. S&P 500 futures are up 1.1% while Nasdaq futures are up 1.4% currently. In the bond market, 10-year yields in the US are up 5 bps to 3.937% at the moment. And in FX, USD/JPY is back up to 147.30-40 levels after…
The Euro (EUR) is expected to consolidate between 1.0895 and 1.0960. EUR is still positive, but it has to surpass 1.1010 before further advance to 1.1070 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes. EUR to continue growing above 1.1010 24-HOUR VIEW: “Yesterday, we indicated ‘provided that EUR remains above 1.0910, it…
