Daily Markets Broadcast 2019-07-18

Jul 18 03:07 2019 Print This Article

Daily Markets Broadcast


Wall Street slides on weak earnings reports

US indices extended declines to a second day yesterday after earnings reports from the banking sector disappointed. Oil prices slid despite a drawdown of inventories while gold surged on a weaker US dollar.


US30USD Daily Chart

Source: OANDA fxTrade

The US30 index fell the most in three weeks yesterday, extended the recent slide from record highs to a second day. The index has traded even lower this morning

The 100-day moving average at 26,131 and the 55-day average at 26,194 continue to track each other higher

Analysts are anticipating a strong rebound in the Philadelphia Fed manufacturing survey for this month. Estimates suggest a 5.0 reading from 0.3 in June.


DE30EUR Daily Chart

Source: OANDA fxTrade

The Germany30 index gave back most of the gains from the previous two days yesterday and has extended those losses in early trading this morning

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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.

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