|

Charts Today – Stocks steady in quiet markets [Video]

Charts Today – 22 August 2019 – Stocks steady in quiet markets

  • Dollar Index just holding bullish including against the Yen.
  • Eurodollar kicks up starting to look short term bullish.

  • Sterling running out of steam in recent short term rise.

  • Bitcoin back below $10,000.

  • US stock indices wandering into short term bullish territory slowly moving off daily cloud support.

  • Russell 2000 index also looking better short term.

  • US indices set for flat opening today based on US futures.

  • UK blue chips and midcaps drift lower.

  • Germany and French stock indices moving to short term bullish.

  • Asian stock mixed overnight.

  • Crude oil moves higher, short term bullish.

  • Gold and silver short term bearish.

  • European banks up but their charts look dire.

Author

David Linton

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

More from David Linton
Share:

Editor's Picks

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.

Gold plunges on sudden US Dollar demand

Gold drops markedly on Thursday, challenging the $4,900 mark per troy ounce following a firm bounce in the US Dollar and amid a steep sell-off on Wall Street, with losses led by the tech and housing sectors.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board. 

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.