What is happening? During June 2021, the US dollar index has gained 2…
S&P500 attempts last February’s record close
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading outside of the Kumo. The next resistance is seen at the Kijun Sen. Further bullish momentum will lead the pair into higher ground.
XAU/USD: The commodity is now testing the key level at 50% of the Fibonacci retracement levels. A successful attempt to move higher will most likely signal stronger bullish implications, targeting the forthcoming level at 61.8%.
US Market View
The United States stock futures were steady today, with S&P500 takes aim again at last February’s record close.
Builder confidence in the newly-built, single-family home market jumped by six points to 78 this August on the National Association of Home Builders (Wells Fargo Housing Market Index). Any figure above 50 is considered positive sentiment.
New cases of COVID-19 have remained stubbornly high in recent days, with the world facing record numbers daily.
US Key Point
- S&P500 takes aim again at last February’s record close Gold exceeded the $2.000 per ounce.
- Builder confidence in the newly build, single family home market jumped by six points.
- New cases of COVID-19 have remained stubbornly high in recent days.
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.