Daily Markets Broadcast 2019-07-18
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 morningRead More
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