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Up $0.35 or 0.88% The price of WTI crude oil futures are settling the day at $40.27. That is up $0.35 or 0.88%. The high for the day reached $40.55. The low extended to $39.66. The last 5 weeks has seen the price close at: July 3 $40.65 July 10, $40.55 July 17, $40.59 July
Dow, S&P, NASDAQ close higher for the 4th consecutive month the month of July is over and all the major indices closed higher for the 4th consecutive month. The S&P index had its second-best July performance since 2010. Apple, Amazon, Facebook all of the way after their earnings release last night. Apple rose up 10.47%.
Closes lower for the first time since July 16 All good streaks come to an end and the GBPUSD’s 10 day streak of higher closes came to an end today. The pair last close lower back on July 16. On July 17 the low price reached 1.2511, but closed higher on the day. This week the low was reached
Bold move by the rating agency The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit. Cites ongoing deterioration in public finances Sees general debt to GDP above 130% by 2021 Expects deficit to narrow to 11% of GDP in 2021 Expects US economy to contract
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Is that the dollar higher? The pattern of late has been lower dollar/higher stocks. The dollar continues its move to the upside today, its Friday, its month end. The earnings fears are gone mostly at least for most of the high flyers. The coronavirus bill is an impasse. So why not go the other way in
GDP set to bounce back US GDP fell by 32.9% in the initial reading yesterday. It would take a 50% bounce to recoup that and it’s not going to happen all at once. The Atlanta Fed is out with its latest model and sees a 11.9% step on that recovery. What’s interesting to note is
Major indices trade near their highs at of the key earnings With Amazon, Apple, Alphabet and Facebook all slated to announce earnings after the close, the major indices are well off there lows for the day and trading near their highs for the day. The S&P index and Dow industrial average are still in the red, but the NASDAQ index is
Daily thread to exchange ideas and to share your thoughts The dollar is weaker across the board, extending losses from yesterday as we see EUR/USD move closer towards 1.1900 while USD/JPY is keeping a firm break under 105.00. The greenback is largely struggling for reprieve as Treasury yields are sinking further as well, crushing real yields in
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What’s up savages?! welcome back to the channel! Here is another beautiful break down on GBPJPY! if youre new here make sure to subscribe and turn post notifications on for future content ! Education- www.forexsavages.com instagram- fxdanielsavage email: fxsavage22@gmail.com FREE CHAT: https://t.me/savagegangchat
Climbs above topside trend line The GBPUSD is trading to a new session high and in the process took the price above a topside trend line at 1.30608. That channel trend line was broken earlier in the day, but failed on the break after reaching 1.30716. This is the 2nd look. The trend higher continues
Reduction from $600 The Senate failed on a vote to fast track an extension of the emergency jobless benefit at $200 (from $600). The emergency federal payments expire tomorrow. What it will be, will have to wait for a bigger agreement. In the meantime, the payments will cease. For bank trade ideas, check out
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