Month: October 2019

First time back above 200 hour moving average cents September 20 The EURUSD has now broken and closed an hourly bar above its 200 hour moving average at 1.09553.  The pair also moved above its 38.2% retracement at 1.09537.     Looking at the 5 minute chart below, the 1st look at the moving average, stalled the rally and the price modestly
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S&P index now below 50 day moving average at 2947.98 The US stocks have reached another new session low with the S&P index now down 35 points at 2941.50.  That test taken the price below its 50 day moving average at 2947.97. The S&P has traded above its 50 day moving average since September 4. The NASDAQ index is now down
Atlanta Fed GDPNow cut Prior forecast was Sept 27 From the report: After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the U.S. Census Bureau, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real private fixed-investment growth decreased from 2.6 percent
European trading thoughts and ideas The GBP is looking likely to be supported on Boris Johnson plan submission to the EU, but watch out for leaks on whether the plan is credible. The AUD is being sold off as the RBA cut and is seen to be staying on the cutting rate bias, for now.
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VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019. In connection with