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Tuesday, July 16, 2024

American Market Recap: I know it is just the Dow 30, but it is on pace for best % move since June 2023

I know it is just the Dow 30, but it is on pace for best % move since June 2023

The Dow 30 does not gather the respect versus the broader indices. Some of the criticisms include: The DJIA tracks only 30 large companies, while the S&P 500 includes 500, leading critics to argu... 

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Crude oil futures settles at $80.76

The price of Crude oil fell -$1.15 or -1.30% to $80.76. The decline is attributed to weak growth in China, the world's No.1 oil importer, raising demand concerns. The expectations that former Pres. T... 

Fed's Kugler: Will be appropriate to ease later this year if conditions evolve favorably

Fed's Kugler Upside risks to inflation and downside risks to jobs have become more balanced If labor market cools too much, it will be appropriate to cut rates sooner rather than later It may be appro... 

EURUSD bounces off 50% midpoint, giving the buyers the "go ahead" to push higher

The EURUSD moved lower in the US session and in the process moved down to test the 50% midpoint of the trading range since the December 2023 high. That level comes in at 1.08695. The current price is... 

There hasn't been a better week to own the Russell 2000 in 24 years

There hasn't been a better time to own the Russell 2000 since the year 2000. The five-day rally from 2029 to 2251 is a whopping 10.9% including 2.9% today. This run is the best five-day run since Apri... 

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FX option expiries for 16 July 10am New York cut

There is one to really take note of on the day, as highlighted in bold . It is for EUR/USD and seen at the 1.0900 level once again. That is likely to help contain price action and limit any overextens... 

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