Daily Markets Broadcast 2019-05-16

May 16 02:05 2019 Print This Article

Daily Markets Broadcast


Wall Street encouraged by prospect of tariff delay

Reports circulated yesterday that President Trump was considering a delay in imposing tariffs on European car imports, which could have come in to effect at the weekend. US indices staged a relief rally despite a weak set of US economic data. Today’s Australian employment report for April could decide whether the RBA adopts a more dovish bias, or not.


US30USD Daily Chart

Source: OANDA fxTrade

The US30 index extended the recent rebound to a second day yesterday but has edged lower since the open this morning

The 100-day moving average at 25,403 is set to move above the 200-day moving average at 25,404 for the first time since January 28

US retail sales fell 0.2% m/m in April while industrial production contracted 0.5%. Today sees the release of housing starts and building permits for April.

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

Daily Markets Broadcast 2019-08-21

Daily Markets Broadcast 2019-08-21 Stocks rebound is short-lived The Wall Street rebound came to a halt yesterday after a three-day rally as lower yields pressured the financial sector. European shares slid after Italian PM Conte announced his resignation. Hong Kong faces transport disruptions tod ...

TFMR Podcast - Tuesday, August 20

With TF 9 Comments | 5 Likes Tuesday was a much better day than Monday and it even yielded a report of another Banker conviction for manipulating the prices of Comex gold and silver. All in all, a great day! But that manipulation news is so humdrum now that it's not even worth discussing. If y ...

US Dollar Retreats Awaiting FOMC Minutes

The US dollar fell across the board against major pairs on Tuesday ahead of the central bank summit hosted by the Fed. The U.S. Federal Reserve will be releasing the minutes from the July Federal Open Market Committee (FOMC) meeting where it cut the benchmark rate by 25 basis points. The minutes wi ...

The Outlook For COMEX Silver Improves - Craig Hemke (20/08/2019)

August 20, 2019 While we've been on the record since January in predicting that 2019 would see the best annualized gains for the precious metals since 2010, we've also been concerned that COMEX gold might pull away from COMEX silver in the short term. Now? Maybe not so much. Two posts from earlie ...

The Korelin Economics Report with OANDA discussing US markets, the upcoming Jackson Hole meeting and G7 summit

Ed Moya, Senior Market Analyst at OANDA joins Cory Fleck to share his thoughts on the US markets and all the recession fears that are on investors minds. Most importantly for this week we look ahead to major events that could drive markets, these include the Jackson Hole meeting and the G7 summit ...

Q: Pat: What do you think about Auxly Cannabis Group? The Imperial Brands investment looks good. Thanks.

A: Auxly Cannabis Group Inc., $0.90, symbol XLY on the Toronto Venture Exchange (Shares outstanding: 606.7 million; Market cap: $551.2 million; www.auxly.com), develops, produces, and sells cannabis products to the medical, wellness, and recreational markets. The company was founded in 2017 and is ...

US Open – Choppy Until Jackson Hole, Oil, Gold, Home Depot

US equities will likely get little direction from a very quiet European morning.  Markets remain fixated on the Jackson Hole speeches at the end of the week and demand for safer assets will likely remain strong until we have clarity on how the Fed will respond to growing risks to the outlook.  To ...