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Monday, July 8, 2024

American Market Recap | S&P index back into negative territory. Record close string in jeopardy

S&P index back into negative territory. Record close string in jeopardy

The major US stock indices are drifting back to the downside as the market moves toward the day's close. The move has the S&P now back in negative territory down -0.04%. That has the three day rec... 

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How much more confident will Powell be on inflation?

AI image The Fed chair will make a trip to Congress this week to deliver his semi-annual Humprey Hawkins testimony. He starts in the Senate on Tuesday at 10 am then visits the House in a repeat the fo... 

Crude oil futures settle at $82.33

Crude oil stop futures are settling at $82.33. That is down $0.83 or -1.00%. The high for the day reached $83.32. The low reached $82.10. Technically, looking at the hourly chart, the price has moved... 

US consumer credit outstanding +11.35B vs +9.50B expected

Prior was +6.40B Rates are high but borrowers continue to borrow.... 

This won't be a quiet hurricane season

We saw the first big hurricane of the year make landfall in the US today. It won't be the last as the hurricane season doesn't peak until September. The good news is that there are no systems anywhere... 

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Latest Forex Orders

FX option expiries for 8 July 10am New York cut

There is just one to take note of, as highlighted in bold . That being for EUR/USD at the 1.0785 level. It isn't one that offers much technical significance but could act alongside the key daily movin... 

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