Market Overview Analysis by Michael Kramer covering: Crude Oil WTI Futures, United States 2-Year, United States 10-Year, SPDR® S&P Biotech ETF. Read Michael Kramer's latest article on Investing.com
Stocks didn’t seem to care that the yield curve was steepening because the index moved higher today by around 85 bps, finally bouncing after its RSI fell below 30 yesterday, and so today’s rally, at least took the index out of an oversold position.That is possible, but I do not think it changes much of anything for the index overall because there seems to be a trend reversal, with lower highs and lower lows now being formed. Today’s move was merely a 38.
German Services PMI rises slightly Eurozone retail sales decline 1.2% The euro has stabilized on Wednesday and is in positive territory. In the North American session, EUR/USD is...We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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