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Daily Market Comment – Dollar set for big monthly losses, stocks struggle for direction again

Dollar steadier but month-long rout probably not over yet, yen firmer too S&P 500 closes at another record high but stocks slip today amid some jitters Copper soars past $10,000 a tonne, oil moderates after boost from upbeat US GDP Don’t fight the dovish Fed The US dollar is on track for its worst 4-week run since last July and looks set to end the month with losses of at least 2.

Daily Market Comment – Powell sinks dollar but can’t keep yields down for long

US dollar and yields tumble after Powell says not the time to talk about taper But yields bounce back ahead of expected surge in Q1 GDP data, weigh on equities Blowout tech earnings finally inject some life into Wall Street, futures up Powell as dovish as ever The Federal Reserve struck a more positive tone on the US economy on Wednesday as it kept monetary policy unchanged as widely expected.

Daily Market Comment – Yields jump ahead of Fed decision; Biden also in the spotlight

Treasury yields creep up again on rising inflation expectations but Fed to stay the course Biden to seek Congressional support for big spending in joint address Dollar recoups further lost ground but dovish Powell could torpedo it Equities modestly higher as soaring earnings fail to set Wall Street alight Fed meets amid fresh warning signs in bond markets Treasury yields headed higher and the US dollar recovered further from multi-week lows ahead of what may not turn out to be an uneventful FOMC meeting after all.

Technical Analysis – Facebook fades from all-time high but maintains a positive tone

Facebook’s stock price is struggling to push over the mid-Bollinger band around 303.10 after the stock’s retracement found some footing in the vicinity of the 50-period simple moving average (SMA).

Technical Analysis – Facebook rises in descending triangle around 280 level

Facebook stock has been recovering nicely from the downfall to head towards the 245.00 support again, crawling near the Ichimoku cloud and back into the 280.

Technical Analysis – Facebook stock extends recovery above SMAs

Facebook's stock price is climbing again above the crucial 280.16 barrier and its simple moving averages (SMAs) after a bearish movement towards 243.

Daily Market Comment – Fed soothes stimulus anxiety; dollar pares losses

Fed tight lipped on new forward guidance but reaffirms pledge on easy policy Stocks buoyed but cautious ahead of tech earnings, US GDP and jobs data Dollar falls on Powell remarks, then bounces back; gold slips Fed maintains course, ups pressure on Congress The Federal Reserve left monetary policy unchanged on Wednesday but warned of a “slowing in the pace of the recovery”.

Facebook features Q2 earnings, a court case, and Ad boycott – Stock Market News

Facebook Inc. rescheduled its Q2 earnings release and conference call for Thursday after the market close, joining other high-profile tech companies which will be reporting financial results on the same day.

Technical Analysis – Facebook stock fails to improve positive picture

Facebook’s stock price retreated beneath the all-time high of 249.60, trading around the 50-day simple moving average (SMA).

Technical Analysis – Facebook leaves virus sell-off behind; hits fresh record highs

Facebook stock opened at fresh record highs on Wednesday and ran as high as 231.24, successfully recovering February’s virus-led downtrend that bottomed at a 14-month low in mid-March.

Technical Analysis – Facebook stock recovers after rebound on 15-month low

Facebook’s stock price has been advancing over the last month after it reached a 15-month low of 136.75. The run above the 50-day SMA could open the way for a possible upside correction of the negative movement from 224.



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