ASIAN STOCKS TALKING POINTS: Stocks were lower across the region following another Wall Street slide The Nikkei 225 was hardest hit, with financials wilting The US Dollar remained shaky as investors re-assess rate hike chances Find out what retail foreign exchange investors make of your favorite currency’s chances right now at the DailyFX Sentiment Page Asia Pacific stocks...
Continue reading >>U.S. markets showed continued weakness and downside momentum on Thursday with the major indexes setting another round of fresh 52-week lows. Much of the negative sentiment came from a looming government shutdown and the continued fallout from the Fed’s latest interest rate hike. The market reached session lows late in the afternoon following news the President would not be signing a...
Continue reading >>U.S. markets showed opening strength on Wednesday and ahead of the Fed announcement on interest rates. As expected, the FOMC raised the funds rate target by quarter-point with the major indexes losing steam immediately following the news. The major indexes made higher highs from the previous session ahead of the Fed news but the nasty finish was disappointing on the 2%-3% intraday swings....
Continue reading >>U.S. markets showed strength on Tuesday following 3 sessions of heavy selling pressure as the start of the Fed’s 2-day meeting on interest rates got underway. While most of Wall Street is expecting a quarter-point rate hike, the hope is the Fed’s language will soften for future rate hikes, or none, in 2019. If the Fed decides to hold off on a rate hike, it will look as though the...
Continue reading >>U.S. markets showed continued weakness on Monday after falling deeper into correction territory as Wall Street prepares for Wednesday’s Fed decision on interest rates. The small-caps fell into bear market territory after falling 20% below its all-time high from August while Tech gave up its gains for the year. The Dow fell 2.1% after trading to an intraday low of 23,456. Major...
Continue reading >>U.S. markets opened Friday’s session lower with downside momentum into the closing bell despite encouraging trade news. China said it would suspend an additional tariff on U.S. autos while also confirming it would reduce a 40% charge on U.S. auto imports to 15% for 90 days. Global growth concerns and slightly disappointing economic news overshadowed the positive development with the major...
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