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Tuesday, August 13, 2024

American Market Recap: Rick Reider: Market cleaned out a lot of leveraged positions

Rick Reider: Market cleaned out a lot of leveraged positions

Still like equities , but we have come a long way pretty quickly Can evolve the portfolio and have a bit less equities at these multiples You can get a lot of yield without going out on the yield curv... 

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Crude oil futures settled at $78.35

Crude oil futures are settling at $78.35, which is down -$1.71 or -2.14%. The high price today reached $80.11 which was just short of the 100-day MA (blue line on the chart below). Yesterday, the pric... 

NZDUSD keeps running. Above 100D MA and 61.8% retracement target. EURUSD/GBPUSD at highs.

The NZDUSD is on a run. Today, the price moved above and away from the 200 bar MA on the 4-hour chart at 0.6020. It moved above the 100 day MA and the 61.8% retracement at 0.6036 area, and more recent... 

Atlanta Fed Pres. Bostic: Balance of risks and economy is getting back to level

Fed's Bostic Fed's Bostic is speaking and says: Balance of risks in economy is getting back to level Our rate posture is restrictive That's not where we want it to be forever Recent inflation data giv... 

Geopolitics: Sec of State Blinken: Postpones trip to the Middle East

Sec. of State Blinkin has postponed his trip he Middle East. He was expected to leave for the region tonight, but postponed due to the uncertainty about the situation. This news is according to Axios... 

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Latest Forex Orders

FX option expiries for 13 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first being for EUR/USD at the 1.0900 mark again. So, that will help to keep a floor on price action at least until we get t... 

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