Category: today
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The GBPUSD held support at the 100 hour MA today and is trading to a new high
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In the video earlier this morning, I highlighted the 1.3348 level as a key bearish gauge for GBP/USD today. A move below this level would be more bearish. Holding above it would be more bullish. Here is the reference for this level: Looking at the current hourly chart below, the…
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US stocks are marginally lower ahead of the open today
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US futures on major stock indexes point to a lower open – but only slightly. Dow Jones Industrial Average futures point to a 1.25 point gain. The index closed at a record high yesterday. The S&P 500 fell -2.75 points, having risen 14.36 points, or 0.25%, yesterday to close at…
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The GBPUSD found seller near the 1.3358 target as outlined earlier today
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Earlier today in the introductory video, I talked about GBPUSD price action and the next target. In the review I said the following: At that time, the price was trading at 1.3324. So what happened? The price moved above the 1.3338 level and the price moved to the high swing…
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People’s Bank of China rate cuts are expected today: LPRs, repo
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The People’s Bank of China is expected to cut its key reverse repo rate today, along with its key lending rates. The Fed’s rate cut this week is expected to pave the way for PBOC cuts. The People’s Bank of China has turned to the 7-day repo rate as the…
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Why Medical Properties Trust Rallied Today
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Shares from Medical Property Fund (NYSE: MPW) Technology stocks were up 16.8% in Thursday trading as of 12:45 p.m. ET. Medical property Real Estate Investment Trust (REIT) Shares of Steward Healthcare have fallen sharply as high interest rates and problems with its largest tenant, Steward Healthcare, forced the company to…
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USDCAD finds buyers near the rising 100 hour MA today. Upside work is still needed.
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The USD/CAD pair is finding buyers against its rising 100-hour moving average at 1.35756 (see the rising blue line on the chart below). Staying above this moving average will give buyers more control. The 200-day moving average at 1.35889 is also in play. On the upside, there is work to…
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Nvidia Soared Today Thanks to AI News — Is It Time to Buy the Stock?
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Nvidia (NASDAQ: NVDA) Stocks posted big gains in Wednesday trading. The artificial intelligence leader’s stock closed the day up 8%, according to data from S&P Global Market Intelligence. Nvidia shares rose on a report from Semaphore that the U.S. is considering lifting restrictions on the sale of advanced semiconductors to…
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A light one on the data docket in European trading today
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The bond market is in the driver’s seat and traders don’t seem to want to wait for the Fed next week. The 10-year Treasury yield is now at its lowest since June of last year and the 2-year yield is threatening to go even higher on the charts now: Monthly…
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Palantir Is Soaring Today and Heading to the S&P 500 — Time to Buy the AI Stock?
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Palantir (NYSE: PLTR) The stock made big gains again in Monday trading. The company’s stock price was up 11.7% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Palantir shares rise on news that the company’s shares will be added to Standard & Poor’s 500 Companies…
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Why Is The Dogecoin And Shiba Inu Price Spiraling Today?
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Dogecoin (DOGE) and Shiba Inu (SHIB) It is currently witnessing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including: Developments In the broader cryptocurrency market. Dogecoin and Shiba Inu follow in Bitcoin’s footsteps Dogecoin and Shiba Inu They have been…
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Why Is The Dogecoin And Shiba Inu Price Spiraling Today?
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Dogecoin (DOGE) and Shiba Inu (SHIB) It is currently witnessing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including: Developments In the broader cryptocurrency market. Dogecoin and Shiba Inu follow in Bitcoin’s footsteps Dogecoin and Shiba Inu They have been…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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USDCAD waffles above and below the 100 hour MA today. Traders await await the next shove.
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The Bank of Canada cut interest rates by 25 basis points yesterday, but despite the cut, the Canadian dollar rose against the US dollar (USDCAD lower). The USD/CAD pair fell below the 100-hour moving average at 1.35136, but was unable to maintain the downside momentum to the 200-hour moving average…
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US markets set to open higher today
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US markets are expected to open higher today, with futures showing the S&P 500 up 0.5%, the Nasdaq-100 up 0.9% and the Russell 2000 up 0.4%. Here are the biggest pre-market moves from Newsquawk: $ADSK +5%: Revenue, EPS beat expectations; Exec gains momentum in Q2, raising FY billings, revenue, EPS,…
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Why Nvidia Stock Is Falling Today
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Nvidia (NASDAQ: NVDA) The stock fell Thursday after the company released its second-quarter earnings results. The artificial intelligence leader’s stock was down 3.2% as of 10:15 a.m. ET, according to data from S&P Global Market Intelligence. Nvidia Corp. reported second-quarter results after the market closed yesterday, and they came in…
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Ethereum Co-Founder Identifies Top Risks Facing Tech Today
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Vitalik Buterin, one of the co-founders of Ethereum, has sounded the alarm about several emerging threats to technological freedoms, and thus a number of the cryptocurrency community’s core values. In a blog post, Buterin warned of political attacks on encrypted messaging, centralized identity systems, insecure operating systems, and the growing…
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Ethereum Co-Founder Identifies Top Risks Facing Tech Today
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Vitalik Buterin, one of the co-founders of Ethereum, has sounded the alarm about several emerging threats to technological freedoms, and thus a number of the cryptocurrency community’s core values. In a blog post, Buterin warned of political attacks on encrypted messaging, centralized identity systems, insecure operating systems, and the growing…
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If Warren Buffett’s Son Didn’t Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To ‘Buy Time,’ He Would Have This Much Today
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If Warren Buffett’s son hadn’t sold his $90,000 inheritance from Berkshire Hathaway 47 years ago to “buy time,” he’d have that much money today. Peter Buffettson of the legendary investor Warren BuffettHe made a life-changing decision 47 years ago when he traded his inheritance to “buy time.” And even though…
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Biggest stock movers today: WDAY, ROST, and more (NASDAQ:ROST)
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RealPeopleGroup/iStock via Getty Images Stock futures were slightly higher in premarket trading on Friday as market participants eagerly awaited Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole, looking for clues on potential interest rate cuts to come. Here are some of the most moving stocks on Friday: Largest stock…