Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
-
Welcome Guests
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
GDP Numbers Very Political
-
Topics
-
-
Posts
-
By HFblogNews · Posted
Date: 27th June 2024. Market News – Asian Declines, Tech Sector Losses and Anticipation for PCE. Economic Indicators & Central Banks: Several events are on the calendar which are keeping a cautious tone in the markets: Although tonight’s presidential debate is much anticipated, it’s unlikely to impact the markets as it won’t provide any real clues on fiscal or monetary policy. Asian shares decline, with US futures amid ongoing losses in the tech sector. Friday’s PCE chain price report has Treasury bulls sidelined for now and the run up in yields is tempering activity on Wall Street. Though expectations are for a benign report, upside surprises in Australia and Canadian CPI are generating some concerns. Chinese stocks are headed for a technical correction. The earlier rally that pushed Chinese equities into bull markets this year has been losing momentum due to ongoing concerns about an uneven economic recovery. Investors are now focusing on the Third Plenum, the July meeting historically known for significant economic policy announcements by the Communist Party. Asian & European Open: Wall Street rallied with all three major indexes finishing in the green. A bounce in tech boosted the NASDAQ 0.49%, back to 17,805. The S&P500 was up 0.16% and the Dow edged up 0.04%. Micron Technology Inc.’s sales outlook fell short of the highest forecasts, denting giant tech companies in late Wall Street trading. Asian equities declined on Thursday, with Hong Kong experiencing the largest losses as Chinese tech companies and property developers listed in the city fell. Significant contributors to the drop included electric vehicle maker BYD, travel agency Trip.com, and Tencent. Financial Markets Performance: The USDIndex was a big winner, climbing to a session peak of 106.130 before closing at 106.079, the highest since late April. A surge in USDJPY to 160.79, the highest since 1986, supported. Today the Yen recovered by 0.3% against the Dollar, to 160.29. Gold and USOIL prices declined, in part on the firmer Dollar. Bullion fell -0.49% to $2298 per ounce and USOIL slipped -0.2% to $80.36 per barrel. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By Stocks4life · Posted
CHTR Charter Communications stock nice bottom breakout, from Stocks To Watch, https://stockconsultant.com/?CHTR -
By Stocks4life · Posted
DELL stock holding at a higher 138.91 support area with high trade quality, upside target of 156-162, https://stockconsultant.com/?DELL -
By Stocks4life · Posted
ARDX Ardelyx stock nice downtrend break and move higher off the 6.06 support area, https://stockconsultant.com/?ARDX -
By Stocks4life · Posted
GDDY Godaddy stock watch for a flat top breakout above 141.75, target 151-153, profit/loss ratio of 4.2:1, https://stockconsultant.com/?GDDY
-
