Category Finance

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The major US stock indices closed the day with gains. The NASDAQ and the S&P had a perfect week with five straight winning days. The NASDAQ index erased it -5.77% decline from last week with a gain of 5.95%. A snapshot of the closing levels today shows: Dow…

NASDAQ and S&P indices end the week with five straight days of gains Goldman Sachs sees a 25 basis point cut from the Fed next weekNext week will be dominated by the FOMC rate decision.Crude oil futures settled at $68.65ECB’s Makhlouf: ECB is not pre-committing to a particular…

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Monday, September 16 (ET) 8:30am ET: US Empire State Manufacturing Index (Forecast: -4.1, Previous: -4.70) Tuesday, September 17 (ET) 5:00am ET: German ZEW Economic Sentiment (Forecast: 17.2, Previous: 19.2) 8:30am ET: CAD CPI m/m (Forecast: 0.1%, Previous: 0.4%) 8:30am ET: US Core Retail Sales m/m (Forecast: 0.2%, Previous:…

As the week, moves to the close, what are the technicals telling traders going into the new trading week. This article was written by Greg Michalowski at www.forexlive.com.

Goldman Sachs is keeping it 25 basis point cut forecast for the Fed next week. They also see cuts of 25 basis points in both November and December. This article was written by Greg Michalowski at www.forexlive.com.