<p>The major European indices are ending the day with mixed results:</p><ul><li>German DAX +0.11%</li><li>France CAC, -0.16%</li><li>UK FTSE 100, -0.15%</li><li>Spain's Ibex, +0.79%</li><li>Italy's FTSE MIB +0.58%</li></ul><p>The final PMI manufactur
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Crude oil reverses. Down $ 1.00 on the day
<p>The price of crude oil is down over one dollar now at $70.61. That takes the price down -$1.04 on the day. At session highs the price reached $73.64 up $1.99.</p><p>Technically, today's price high stalled near the 100 and 200-hour MAs (blue and green lines on the chart above). THe inability to move above those […]
Top economic releases this week: US jobs report to drive markets
<p>The US Economic calendar will be highlighted by the US jobs report which will be released at 8:30 AM on Friday. Canada will also report their employment report on the same date in at the same time. </p><p>Here's a summary of the key economic events for the week, including their scheduled dates, times, and relevant [&hellip
Nasdaq index plummets, Magnificent 7 suffers. Tesla bucks the down trend
<p>Traders are anxious to sell their big winners from 2023. The so-called Magnificent 7 are showing sharp declines with the exception of Tesla which is up 0.19% after reporting better-than-expected sales figures earlier this morning:</p><p>A summary of the Magnificent 7 is showing:</p><ul><li>NVIDIA (NVDA): Last
USDCAD surges above 1.3300 level, Bulls take back some control above 200 hour MA.
<p>The USDCAD is running to the upside after breaking above it 200-hour moving average at 1.32665 earlier today. That was the first break above that moving average since December 13. The break above give the buyers a go-ahead to push to the upside.</p><p>That run to the upside took the price above the natural resistance at [&helli
US construction spending for November 0.4% versus 0.6% expected
<ul><li>Prior month 0.6% revised to +1.2%</li></ul><ul><li>Overall Construction Spending Increase: In November 2023, construction spending was at a seasonally adjusted annual rate of $2,050.1 billion, a 0.4% increase versus estimate of 0.6%. October was revised higher to $2,042.5 billion a gain of 1.2% versus 0.6
US stocks not doing too well to start the trading year
<p>The major US stock indices aren't taking the S&P global PMI data news very well as major indices trade lower. The declines were led by the Nasdaq index which is down -1.60%. The Nasdaq index led all the major indices last year with a gain of 43%.. The Dow Industrial Average is only down -0.11%.</p><p>A […]
US S&P global manufacturing PMI for December 47.9 versus 48.4 estimate
<ul><li>Prior 48.2 preliminary. Prior month was 40.4</li><li>S&P global manufacturing index for December 47.9 versus 48.4 estimate</li><li>Only two months in 2023 were above the 50.0 level</li></ul><p>Highlights from the S&P global:</p><ul><li>US Manufacturing S
Gold price eases some gains but remain widely bullish on high rate-cut bets
Gold price (XAU/USD) kicks-off the 2024 year on a promising note, demonstrating a firm-footing on Tuesday amid prospects of a reduction in interest rates by the Federal Reserve (Fed) starting in March.
Orbit Chain Loses $81M in Cross-Chain Bridge Exploit
<p> <br /> <br /><img decoding="async" src="https://www.coindesk.com/resizer/rzGVeL3fRvbV3GNs6lRZPBPdumg=/800×600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SGWBARYJURFI7AU3F3MCJ3XVHU.jpg" /><br />Orbit Chain, a platform that interacts and transacts with various blockchains, has los