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A number of fundamental market moving events are due to occur over the next few weeks in the US. Typical earnings season sell off where the equity markets go into a range pending financial news releases for many public companies. Approaching the November 3rd date brings into view the Presidential elections in the US as well … which adds another level of fundamental unpredictability. Check out the key levels here and how the market might respond over the coming weeks. CMC Markets is a global...
A new trading session, month and second-half of 2020 is about to get underway and investors are awaiting key jobs data for direction this Wednesday morning....
Equities markets have made a significant recovery in recent weeks but only to arrive at the 61.8% Fibonacci retracement of the recent sell off down to 2,185. In this week’s Technical Insights, Toby from Trade With Precision assesses the US SPX 500 technicals and notes the market would be predicting a “V” shaped and sustained recovery from here… however he disagrees with this sentiment. He sees the overhead resistance, coupled with the unprecedented US and global unemployment rate as a...
Stock futures are on the rise this Thursday morning as investors turn to several key earnings reports and data for direction. Also, the SP500 is in focus....