Tag: U.S. Dollar (NYBOT:DX.M17.E)

The Dollar Rally Comes To An End

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market is taking a breather today and the dollars five-day advanced has ended as traders have turned cautious before Fed Chair Janet Yellen discusses the state of the economy later today. Everyone will be listening for clues about when and how much the Federal Reserve will raise interest rates.

MarketClub's Mid-day Market Report

Gold (FOREX:XAUUSDO) has slipped 0.3% to $1,229.20 an ounce. It's down 2.1 percent for the week, after four straight weeks of gains. The U.S.Dollar Index (NYBOT:DX.M16.E) is down .3% as well, ending a five day rally that saw it top $102.19.

Key levels to watch next week: Continue reading "The Dollar Rally Comes To An End" →

Dow Races Above 21,000 After President Trump's Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Dow has crossed 21,000 for the first time, the dollar has jumped the most in six weeks and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates.

MarketClub's Mid-day Market Report

Big banks led gains among stocks, with The Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) trading at all-time highs as the odds for a rate hike in two weeks swelled past 65 percent and President Donald Trump's address to Congress did little to alter views that his administration will seek pro-growth policies.

Key levels to watch next week: Continue reading "Dow Races Above 21,000 After President Trump's Speech" →

Stocks Fall Ahead of Trump's Congressional Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market retreated Friday as a poor set of European corporate earnings compounded investor nervousness before President Trump's speech before Congress next week. Gold has extended its rally higher as the dollar has edged lower.

MarketClub's Mid-day Market Report

U.S. stocks are falling across the board with the three major indexes all lower. The Dow, which was down 0.26 percent at 1:39 p.m. in New York, has hit daily highs for the past 10 sessions, its longest streak since 1987.

Key levels to watch next week: Continue reading "Stocks Fall Ahead of Trump's Congressional Speech" →

Waiting On The Fed

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are little changed today as traders eagerly await a key Federal Reserve release. The central bank is scheduled to release the minutes from its meeting earlier this month and Wall Street is expected to parse through them in search of clues about when and how many times it will raise interest rates this year.

MarketClub's Mid-day Market Report

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) is increasingly moving beyond its core e-commerce business to search for new avenues of growth. Over the weekend, Alibaba announced it had formed a strategic partnership with Shanghai Bailian Group, one of China's largest supermarket and department store chains, in order to deepen its so-called "New Retail" strategy. And on Tuesday, Alibaba's finance arm, Ant Financial, announced a $200 million investment in South Korea's dominant messaging app Kakao Talk.

Key levels to watch next week: Continue reading "Waiting On The Fed" →