Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 8th of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: Gold Takes a Hit"
Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Since the start of 2012, the June Euro Currency has traded in a range between 126.35 and 1.3496. Most of the time, the price was narrowed into a range that was finally broken last week on Friday after the United States non-farm payroll disappointed. The lackluster report was combined with anticipatory selling ahead of elections in France. The drop in futures prices continued on Sunday night after France elected a member of the Socialist party into office for the first time in over twenty years. Surprisingly, the initial drop on Sunday night was short lived and technical trading took over. The chart below clearly shows the targets that the trade had in its sights. Continue reading "Chart Of The Week - Euro currency"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 7th of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Video Update: European concerns continue"
(AP:NEW YORK) A roiling political landscape in Europe pushed U.S. stock futures lower Monday as beleaguered voters in Greece and France rejected years of painful budget cuts.
The Dow Jones industrial average fell 46 points to 12,911. The Standard & Poor's 500 slipped 5.7 points to 1,356.80. The Nasdaq composite index fell 12 points to 2,613.50.
The parliament in Greece is split after elections Sunday and there is no party close to forming a new government. The French ousted President Nicolas Sarkozy, part of a wave of unrest over budget cuts as unemployment spirals higher and social services and safety nets evaporate.
Elected in Sarkozy's place was Socialist Francois Hollande, who pledged immediately "to finish with austerity." Continue reading "US stock futures fall after European elections"
By PAUL WISEMAN and CHRISTOPHER S. RUGABER
AP Economics Writers
(AP:WASHINGTON) One month of slower job growth might have been a blip. Two suggest a worrisome trend: The economy may be faltering again.
The United States generated just 115,000 jobs last month, well below expectations and the fewest since October. The unemployment rate fell to 8.1 percent, but for the wrong reason _ workers abandoned the labor force.
From December through February, employers added 252,000 jobs a month on average. But the figure dipped in March and dropped further in April, raising doubts about an economic recovery that can't seem to reach escape velocity.
The report Friday by the Labor Department indicated "an economy that is losing momentum _ especially on the jobs front," said Tom Porcelli, chief U.S. economist at RBC Capital Markets. Continue reading "Job growth slowed again in April; rate ticks down"
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