Stock Rally Stalls at Highs |
|
Stock Rally Stalls at Highs U.S. Dollar Trading (USD) after six days of gains the market was exhausted on the topside and with the disappointing US retail Sales the market was primed to pull back. Also released last night was the June FOMC meeting minutes which were much more dovish then previously as the US economy's recovery began to falter. In US stocks, DJIA +3 points closing at 10366, S&P-1 points closing at 1095 and NASDAQ +7 points closing at 2249. Looking ahead, Weekly Jobless
Filed under: Technical
Latest Posts
- GBPUSD continues its bearish move
- Forex - Chart EUR/USD Update : Scope for corrective bounce, further losses later
- Daily Market Outlook
- GBP/USD: gaining momentum
- Forex - Chart NZD/USD Update: Breaks .7182 support, further drop in focus
- Aversion to risk dominated the day after Labor Day
- The Euro declined overnight
- Currency Majors Technical Perspective
- Forex Commentary: USDJPY and EURJPY price action 9-7-10
- Second-Quarter Real GDP Growth - Germany vs. the U.S.
- New York Session
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- Forex Weekly
- GBP/USD; High Grade Copper; Wall Street Cash