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Thursday, August 1, 2024

American Market Recap: US stocks close sharply lower as bad news is bad news today

US stocks close sharply lower as bad news is bad news today

The major US stock indices are closing sharply lower with the small-cap Russell 2000 and the NASDAQ index leading the way a lower. The final numbers are showing: Dow Industrial Average average felt -4... 

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Hezbollah says launched dozens of rockets at Israel

I think there can be something of a sigh of relief on this as Hezbollah launching 'dozens' of rockets isn't exactly new. That said, you have to keep a close eye on what's coming from Iran so there is... 

USD/CAD closes in on the top of the multi-year range

The old adage is that if the US catches a cold, Canada gets the flu. The market is certainly sending warning signals about the US economy as yields plunge but USD/CAD hasn't made a decisive move yet.... 

Warning sirens sound in Northern Israel

Eyes are on Israel's northern border and whether we will see Hezbollah launch attacks. Israel's military says warning sirens are sounding in northern Israel. The Middle East factor is certainly part o... 

Nasdaq now down -504 points or -2.78%

The NASDAQ index is now down -520 points or -2.94% at 17081.20. The low price just reached 17075.97. There is a swing area between 16996.39 and 17057.34. That area is home to different swing highs and... 

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Latest Forex Orders

FX option expiries for 1 August 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0850 level. That could help to draw in price action with the 200-hour moving average see... 

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