Technical Analysis

Approaches 1.1000 level.  Low for the week at 1.09894. The EURUSD has now moved below the 1.10135-176 area and is pushing toward the 1.1000 level. Below that is the low for the week at 1.09894. That was reached on Tuesday.   Close risk for shorts looking for more downside is now on a move back above the 50%
S&P unchanged. Nasdaq up marginally. Dow down. The major US stock indices are closing the day with mixed results.  Each however had earlier gains taken away into the close.  Looking at the three major indices, one ended unchanged, one was up marginally and one was down.  The final numbers are showing: S&P index, unchanged at 3006.79. The high reach 3021.99.. The low
Dow industrial average is down -211 points at lows and closes at up 36 points The US stocks recovered after the FOMC signaled a 25 basis point cut, but dot plot showed no additional eases for 2019. However, Powell did say enough in his press conference to suggest that the view can change given global risks and potential weakness. As a result, the major indices start recover
Nasdaq stocks lead the charge The major US indices are trading to new session highs with the Nasdaq leading the way. There is about 15 minutes left in trading. The snap shot is showin: S&P index +6.72 points or 0.22% at 3004.69 NASDAQ index up 27.7 points or 0.34% at 8181.13 Dow industrial average up
Weaker Manufacturing sales and oil hurt the loonie The USDCAD is higher on the day helped by the weaker Manufacturing sales for July (-1.3% vs -0.1% est) and fallling oil (Saudi production will be back up sooner than expectations – crude oil is down near $3.00 currently).   Technically, looking at the daily chart above, the price of