Dow losses pause for now The Dow Jones index failed to hold its highs yesterday, but has managed to avoid a lower close. In addition, the price has opened higher today, bolstering the view that a short-term low has been formed. A close above 40,400 h...
2 months agoGold bounces off 50-day moving average Spot gold rebound on Friday from the 50-day simple moving average (SMA) will raise hopes that a new move higher can begin. The price has edged higher this morning, and a higher close today, above $2400, will bol...
2 months agoGold price targets new highs The spot gold price continues to rally, and with both daily stochastics and moving average convergence/divergence (MACD) providing bullish crossovers the bullish view has received fresh support. Further gains target the...
2 months agoNASDAQ 100 rout intensifies At one point this morning the NASDAQ 100 was expected to open 1000 points lower in the cash session. The index has gapped lower, and is now trading below the 200-day simple moving average (SMA) for the first time since Ma...
2 months agoNASDAQ 100 looks for more gains The NASDAQ 100 index finished up on the week, having rallied back above 18,000 as well as holding above the 200-day simple moving average (SMA). For the moment, the buyers remain in control, having lifted the index fro...
2 months agoFTSE 100 may stall after six straight days of gains The FTSE 100 is on track for its seventh straight day of gains but is expected to stall within its 8,278-to-8,314 late June to mid-July highs and thus resistance area. Were it to be overcome, though,...
2 months agoNASDAQ 100 still moving higher The NASDAQ 100 index has enjoyed an impressive run over the past week, bouncing off the 200-day simple moving average (SMA). Further gains now target the 19,500 highs from 31 July and 1 August, and also the 50-day SMA....
2 months agoWTI on track for third straight day of losses Front month WTI futures are about to hit their 72.46 June low as easing supply worries amid hopes of a Middle East ceasefire and a lacklustre economy in the world’s top importer China weigh on prices. Bel...
1 month agoFTSE 100 is taking a breather After a near two-week buying frenzy in the FTSE 100, this week has seen some profit taking in the index ahead of US Federal Open Market Committee (FOMC) minutes and the Jackson Hole symposium which may shed more light on...
1 month agoNikkei 225 stays side-lined The Nikkei 225 has been sideways trading around the 200-day simple moving average (SMA) at 38,284 but below the 55-day SMA at 38,577 for the past week or so. Were the index to rise above both of the moving averages, the lat...
1 month agoNikkei 225 stays range bound The Nikkei 225 index has been trading sideways around the 200-day simple moving average (SMA) at 38,402, but below the 55-day SMA at 38,525 over the past couple of weeks. If the index can move above both moving averages, t...
1 month agoFTSE 100 reverses Wednesday’s losses The FTSE 100 index has pushed higher in early trading, reversing course after Wednesday’s losses. Gains since the end of July have been capped at the 8400 level, so a close above this opens the way to the record hi...
1 month agoFTSE 100 bounces back The FTSE 100's six straight days of losses to Friday’s 8,153 low has been followed by a bounce on Monday morning. The index is being propped up by Asian stock indices which started their week on a dismal footing but then made bac...
1 month agoBrent crude oil price remains under pressure Brent crude oil futures’ prices continue to slide despite trading at levels last seen in June 2023. Reasons for the weakness are concerns about slowing economic growth in the world's biggest economies, the USA,...
1 month ago