S&P and Nasdaq index close at session highs.Major indices down for the week. 0 (0)

The major US stock indices are closing mixed, but both the NASDAQ and the S&P index erased declines and are closing near the highs for the day. For the week, the major indices are all lower. The Dow closed lower and was down for the second straight dayNASDAQ closes higher despite higher yields with

Go to Forexlive

ForexLive Americas FX news wrap: Big miss on December US retail sales 0 (0)

US December retail sales -1.9% vs 0.0% expected
January prelim UMich consumer sentiment 68.8 vs 70.0 expected
ECB’s Lagarde: Monetary accommodation is still needed for inflation to settle at 2% over the medium term
Jamie Dimon: There could be six or seven rate hikes this year
Fe

Go to Forexlive

Rising yields no obstacle for the risk trade today 0 (0)

Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago.
In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up to 0.7213 from a low of 0

Go to Forexlive

WTI crude oil closes in on the best levels of 2021 0 (0)

Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel.
It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting

Go to Forexlive