Technical Analysis

Little changes in the major indices at the opening The major US stock indices are opening with little changes. The snapshot of the indices currently shows: S&P index +0.8 points or 0.03% at 3108.95 Nasdaq virtually unchanged at 8527 .07 Dow down 12 points or -0.05% at 27808 in the US debt market yields remain higher with the 2 year up
Gold lower. Yields higher.  Stocks at records.  USDJPY and USDCHF at key levels The fear trades are evaporating in the markets today: Spot gold is down $22 now and trading at session lows at $1468.43. The precious metal broke below its 100 day moving average for the 1st time since May 31 (blue line in the chart
Unemployment rate ticked higher  The New Zealand employment statistics were released just before the close of trading yesterday.  The employment rate moved up to 4.2% from 3.9% in the 2nd quarter. The expectations was 4.1%.  The other pieces of the report came in as expected with the  employment change 0.2% QoQ.  The employment change at 0.9% YoY, and  wages including and
Major indices closed the day with modest gains The major European indices are starting the week with modest gains. The provisional closes are showing: German DAX, +0.49% France’s CAC, +0.3% UK’s FTSE 100, +0.2% Spain’s Ibex, unchanged Italy’s FTSE MIB, +0.4% in the European debt market, yields have climbed higher.   The France moved closer to the 0.0%