asian morning oct 30
Investors are encouraged to see more signs in U.S. economic recovery...
Share this:
On Thursday, U.S. stocks rebounded following a 3% selloff Wednesday. The Dow Jones Industrial Average gained 139 points (+0.52%) to 26659, the S&P 500 jumped 39 points (+1.19%) to 3310, and the Nasdaq 100 surged 207 points (+1.87%) to 11350.
Dow Jones Industrial Average (Daily Chart) : Under Pressure
Sources: GAIN Capital, TradingView
Investors were encouraged to see more signs in U.S. economic recovery. Official data showed that GDP soared at an annualized rate of 33.1% on quarter in the third quarter (+32.0% expected, -31.4% in the second quarter). Initial Jobless Claims fell to 751,000 for the week ended October 24 (770,000 expected).
Media (+3.3%), Energy (+3.2%) and Technology Hardware & Equipment (+3.06%) sectors performed the best. Alliance Data Systems (ADS +18.92%), CBRE Group (CBRE +16.80%) and Twitter (TWTR +8.04%) are top gainers. Meanwhile, Abiomed (ABMD -10.03%) and eBay (EBAY -7.46%) were top losers.
Approximately 58% (65% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 12% (30% in the prior session) were trading above their 20-day moving average.
The VIX Index, Wall Street's fear gauge, fell 3.08 points (-7.65%) to 37.2.
In after-market hours, four tech giants released quarterly results. Facebook (FB) lost over 2%, Amazon.com (AMZN) dropped 2%, Apple (AAPL) sank over 4%, while Alphabet (GOOGL) jumped over 6%.
European stocks ended mixed. The Stoxx Europe 600 eased 0.12%, while Germany's DAX 30 gained 0.32%, and France's CAC 40 and the U.K.'s FTSE 100 were little changed.
U.S. Treasury prices came under pressure, as the benchmark 10-year Treasury yield advanced to 0.835% from 0.780% Wednesday.
Spot gold declined $7.62 (-0.41%) to $1,869 an ounce.
U.S. WTI crude futures (December) dropped $1.10 (-2.94%) to $36.29 a barrel, the lowest level since June.
On the forex front, the U.S. dollar showed further strength against other major currencies. The ICE Dollar Index was up for a second session jumping 0.56% to 93.92.
EUR/USD lost the 1.1700 handle as it sank 0.61% to 1.1674. As expected, the European Central Bank kept its deposit facility rate unchanged at -0.50%. In Germany, the jobless rate ticked down to 6.2% in October (6.3% expected) and consumer prices edged up 0.1% on month (+0.0% expected).
USD/JPY rebounded 0.27% to 104.60. Japan's central bank kept its benchmark rate unchanged at -0.10% while downgrading its 2020 GDP growth forecast to -5.5% from -4.7% previously. Also, official data showed that Japan's retail sales slipped 0.1% on month in September (+1.0% expected).
GBP/USD fell 0.41% to 1.2930. On a daily chart it has returned to levels below both 20-day and 50-day moving averages.
AUD/USD declined a further 0.22% to 0.7028, striking against the lower Bollinger band on a daily chart.
Dow Jones Industrial Average (Daily Chart) : Under Pressure
Sources: GAIN Capital, TradingView
Investors were encouraged to see more signs in U.S. economic recovery. Official data showed that GDP soared at an annualized rate of 33.1% on quarter in the third quarter (+32.0% expected, -31.4% in the second quarter). Initial Jobless Claims fell to 751,000 for the week ended October 24 (770,000 expected).
Media (+3.3%), Energy (+3.2%) and Technology Hardware & Equipment (+3.06%) sectors performed the best. Alliance Data Systems (ADS +18.92%), CBRE Group (CBRE +16.80%) and Twitter (TWTR +8.04%) are top gainers. Meanwhile, Abiomed (ABMD -10.03%) and eBay (EBAY -7.46%) were top losers.
Approximately 58% (65% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 12% (30% in the prior session) were trading above their 20-day moving average.
The VIX Index, Wall Street's fear gauge, fell 3.08 points (-7.65%) to 37.2.
In after-market hours, four tech giants released quarterly results. Facebook (FB) lost over 2%, Amazon.com (AMZN) dropped 2%, Apple (AAPL) sank over 4%, while Alphabet (GOOGL) jumped over 6%.
European stocks ended mixed. The Stoxx Europe 600 eased 0.12%, while Germany's DAX 30 gained 0.32%, and France's CAC 40 and the U.K.'s FTSE 100 were little changed.
U.S. Treasury prices came under pressure, as the benchmark 10-year Treasury yield advanced to 0.835% from 0.780% Wednesday.
Spot gold declined $7.62 (-0.41%) to $1,869 an ounce.
U.S. WTI crude futures (December) dropped $1.10 (-2.94%) to $36.29 a barrel, the lowest level since June.
On the forex front, the U.S. dollar showed further strength against other major currencies. The ICE Dollar Index was up for a second session jumping 0.56% to 93.92.
EUR/USD lost the 1.1700 handle as it sank 0.61% to 1.1674. As expected, the European Central Bank kept its deposit facility rate unchanged at -0.50%. In Germany, the jobless rate ticked down to 6.2% in October (6.3% expected) and consumer prices edged up 0.1% on month (+0.0% expected).
USD/JPY rebounded 0.27% to 104.60. Japan's central bank kept its benchmark rate unchanged at -0.10% while downgrading its 2020 GDP growth forecast to -5.5% from -4.7% previously. Also, official data showed that Japan's retail sales slipped 0.1% on month in September (+1.0% expected).
GBP/USD fell 0.41% to 1.2930. On a daily chart it has returned to levels below both 20-day and 50-day moving averages.
AUD/USD declined a further 0.22% to 0.7028, striking against the lower Bollinger band on a daily chart.
On Thursday, U.S. stocks rebounded following a 3% selloff Wednesday. The Dow Jones Industrial Average gained 139 points (+0.52%) to 26659, the S&P 500 jumped 39 points (+1.19%) to 3310, and the Nasdaq 100 surged 207 points (+1.87%) to 11350.
Dow Jones Industrial Average (Daily Chart) : Under Pressure
Sources: GAIN Capital, TradingView
Investors were encouraged to see more signs in U.S. economic recovery. Official data showed that GDP soared at an annualized rate of 33.1% on quarter in the third quarter (+32.0% expected, -31.4% in the second quarter). Initial Jobless Claims fell to 751,000 for the week ended October 24 (770,000 expected).
Media (+3.3%), Energy (+3.2%) and Technology Hardware & Equipment (+3.06%) sectors performed the best. Alliance Data Systems (ADS +18.92%), CBRE Group (CBRE +16.80%) and Twitter (TWTR +8.04%) are top gainers. Meanwhile, Abiomed (ABMD -10.03%) and eBay (EBAY -7.46%) were top losers.
Approximately 58% (65% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 12% (30% in the prior session) were trading above their 20-day moving average.
The VIX Index, Wall Street's fear gauge, fell 3.08 points (-7.65%) to 37.2.
In after-market hours, four tech giants released quarterly results. Facebook (FB) lost over 2%, Amazon.com (AMZN) dropped 2%, Apple (AAPL) sank over 4%, while Alphabet (GOOGL) jumped over 6%.
European stocks ended mixed. The Stoxx Europe 600 eased 0.12%, while Germany's DAX 30 gained 0.32%, and France's CAC 40 and the U.K.'s FTSE 100 were little changed.
U.S. Treasury prices came under pressure, as the benchmark 10-year Treasury yield advanced to 0.835% from 0.780% Wednesday.
Spot gold declined $7.62 (-0.41%) to $1,869 an ounce.
U.S. WTI crude futures (December) dropped $1.10 (-2.94%) to $36.29 a barrel, the lowest level since June.
On the forex front, the U.S. dollar showed further strength against other major currencies. The ICE Dollar Index was up for a second session jumping 0.56% to 93.92.
EUR/USD lost the 1.1700 handle as it sank 0.61% to 1.1674. As expected, the European Central Bank kept its deposit facility rate unchanged at -0.50%. In Germany, the jobless rate ticked down to 6.2% in October (6.3% expected) and consumer prices edged up 0.1% on month (+0.0% expected).
USD/JPY rebounded 0.27% to 104.60. Japan's central bank kept its benchmark rate unchanged at -0.10% while downgrading its 2020 GDP growth forecast to -5.5% from -4.7% previously. Also, official data showed that Japan's retail sales slipped 0.1% on month in September (+1.0% expected).
GBP/USD fell 0.41% to 1.2930. On a daily chart it has returned to levels below both 20-day and 50-day moving averages.
AUD/USD declined a further 0.22% to 0.7028, striking against the lower Bollinger band on a daily chart.
Dow Jones Industrial Average (Daily Chart) : Under Pressure
Sources: GAIN Capital, TradingView
Investors were encouraged to see more signs in U.S. economic recovery. Official data showed that GDP soared at an annualized rate of 33.1% on quarter in the third quarter (+32.0% expected, -31.4% in the second quarter). Initial Jobless Claims fell to 751,000 for the week ended October 24 (770,000 expected).
Media (+3.3%), Energy (+3.2%) and Technology Hardware & Equipment (+3.06%) sectors performed the best. Alliance Data Systems (ADS +18.92%), CBRE Group (CBRE +16.80%) and Twitter (TWTR +8.04%) are top gainers. Meanwhile, Abiomed (ABMD -10.03%) and eBay (EBAY -7.46%) were top losers.
Approximately 58% (65% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 12% (30% in the prior session) were trading above their 20-day moving average.
The VIX Index, Wall Street's fear gauge, fell 3.08 points (-7.65%) to 37.2.
In after-market hours, four tech giants released quarterly results. Facebook (FB) lost over 2%, Amazon.com (AMZN) dropped 2%, Apple (AAPL) sank over 4%, while Alphabet (GOOGL) jumped over 6%.
European stocks ended mixed. The Stoxx Europe 600 eased 0.12%, while Germany's DAX 30 gained 0.32%, and France's CAC 40 and the U.K.'s FTSE 100 were little changed.
U.S. Treasury prices came under pressure, as the benchmark 10-year Treasury yield advanced to 0.835% from 0.780% Wednesday.
Spot gold declined $7.62 (-0.41%) to $1,869 an ounce.
U.S. WTI crude futures (December) dropped $1.10 (-2.94%) to $36.29 a barrel, the lowest level since June.
On the forex front, the U.S. dollar showed further strength against other major currencies. The ICE Dollar Index was up for a second session jumping 0.56% to 93.92.
EUR/USD lost the 1.1700 handle as it sank 0.61% to 1.1674. As expected, the European Central Bank kept its deposit facility rate unchanged at -0.50%. In Germany, the jobless rate ticked down to 6.2% in October (6.3% expected) and consumer prices edged up 0.1% on month (+0.0% expected).
USD/JPY rebounded 0.27% to 104.60. Japan's central bank kept its benchmark rate unchanged at -0.10% while downgrading its 2020 GDP growth forecast to -5.5% from -4.7% previously. Also, official data showed that Japan's retail sales slipped 0.1% on month in September (+1.0% expected).
GBP/USD fell 0.41% to 1.2930. On a daily chart it has returned to levels below both 20-day and 50-day moving averages.
AUD/USD declined a further 0.22% to 0.7028, striking against the lower Bollinger band on a daily chart.
Related tags:
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.