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Tuesday, August 20, 2024

American Market Recap: US equity close: The eight-day winning streak ends but only barely

US equity close: The eight-day winning streak ends but only barely

Even on a losing day US stocks were impressive. Some decent sell orders hit the market midway through the day and it briefly looked like stocks could roll over. However the market steadied itself and... 

tranche

Eyes on Wednesday's non-farm payrolls benchmark revisions

I find it tough to get excited about benchmark revisions but tomorrow's non-farm payrolls re-think is getting plenty of attention. Economists at Goldman Sachs think between 600,000 and 1 million jobs... 

BofA: European investors flip to short USD, driving EUR/USD breakout

EURUSD weekly chart Bank of America notes that European investors, who were previously driving the USD rally earlier in 2024, have now shifted to short USD positions. This shift coincides with a recen... 

Tough to square the market enthusiasm with oil

WTI crude oil futures settled 33-cents lower to $74.04 after falling as low as $73.50. It's the third day of losses and fifth in the past six days and also runs counter to growing optimism about the U... 

US stocks fight back to nearly unchanged. Dollar sags again

You would think that stock market bulls would throw in the towel today as markets turned south. The S&P 500 is riding a five-day winning streak, so there would be no shame in taking some profit or... 

tranche

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FX option expiries for 20 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level. The pair also has a large set of expiries at 1.1000 but that should not factor much i... 

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