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US stock markets open higher as dollar weakens further- S+P 500 opens up above 5k
The US stock markets have just now reopened for live trading and its has been a generally higher opening, with 3 major indexes kicking off the session a little higher. The gains come as the dollar weakens further, especially versus the European currencies. The GBP/USD has lifted close to 1.26 again and the EUR/USD is rising above 1.0780 now. It is still early days for US stocks, but the immediate signs suggest that a further recovery from the CPI led losses earlier in the week could be forthcoming. The S+P 500 closed yesterday at exactly 5,000. It is just now trying to edge past 5,010, but so far that level has capped the topside in very early trading. The Dow Jones seems to be faring best of the three just now
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
