Podcast: Earnings blitz in coming seven trading days
Today we look at the S&P 500 and German DAX both poised right on resistance, while megacap, single-stock gyrations are cause for concern for the Nasdaq 100 index. It's all looking very pivotal for equities, commodities and the USD over the next few sessions technically and over the next seven trading days through the end of next week on the earnings release front.
Podcast: USD punching on major support, markets pivotal
Today we look at yesterday's equity market bounce from new local lows and the later boost to sentiment from a dovish turn from the Fed's Brainard as well as fresh COVID-19 vaccine hopes. Elsewhere, EURUSD is poking into a critical area while oil and silver are challenging resistance.
Market Quick Take - July 15, 2020
Another volatile session yesterday in the US as the sell-off from the close of the previous day continued in early trading but was scooped up quickly, in part on very dovish language from the US Federal Reserve. After the New York close the positive tone extended on news that Moderna's Covid-19 vaccine showed promising results in all patients tested. The overnight action was generally positive in Asia despite the Trump administration moving against the special trading status for Hong Kong.