Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after John Williams conducts his first speech as president of the New York Federal Reserve. Here's the performance of select ETFs as of 1:30 pm ET: TVIX(HB) VS 2X VIX Short Term 13.37% UVXY(HB) ProShs Ultra VIX Short-Term 10.61% VXX iPath S&P 500 VIX Short-Term 7.17% DGAZ(HB) VS 3x Inverse Natural Gas ETN 6.68% DWT(HB) VelShs 3x Invrs Crude Oil ETNs 4.08% SQQQ(HB) ProShs UltraPro Short QQQ 2.52% SPXU(HB) ProShs UltraPro Sh S&P 500 2.01% QID(HB) UltraShort QQQ ProShs 1.67% DUST(HB) Direxion Dly Gold Miners 3X BR 1.53% SDS(HB) UltraShort S&P 500 ProShs 1.33% JDST(HB) DX Jr Gold Miners Bear 3x 0.97% TZA(HB) SmCap Bear 3x Shs 0.76% TLT iShs 20+ Yr Treasury Bd ETF 0.72% EWZ iShs MSCI Brazil ETF 0.74% XBI SPDR S&P Biotech 0.74% SH ProShs Trust Short S&P 500 0.62% XOP SPDR S&P Oil & Gas Exploration 0.56% KRE SPDR S&P Regional Bank 0.50% XLP S&P Sel Consum Staples Spdr Fu 0.45% XLU S&P Sel Utilities Spdr Fd 0.42% KBE SPDR S&P Bank ETF 0.36% AGG(HB) iShs CORE US Agg Bond ETF 0.17% XRT SPDR S&P Retail 0.15% LQD iShs iBoxx $ Inv Gd Cor Bd ETF 0.11% XLRE Real Estate Select Sector SPDR 0.10% XLV S&P Sel Health Care Spdr Fd 0.00% IYR iShs US R/E ETF -0.02% RSX VanEck Vctrs Russia ETF -0.02% PFF iShs US Pfd Stk ETF -0.03% VNQ Vanguard Real Estate ETF -0.04% ITB iShs US Home Constr ETF -0.05% IAU iShs Gold Trust -0.08% GLD SPDR Gold Trust -0.08% HYG iShs iBoxx $ Hgh Yd Cor Bd ETF -0.13% BKLN(HB) Invesco Sr Loan Portfolio -0.15% JNK SPDR BB Barclays HiYld Bd -0.15% IWM iShs Russell 2000 ETF -0.22% EMB iShs JPM USD Emerg Mkt Bd ETF -0.24% IJR iShs CORE S&P SmallCap ETF -0.33% XLF S&P Sel Finl Spdr Fd -0.33% XLE S&P Sel Energy Spdr Fd -0.37% IWD iShs Russell 1000 Val ETF -0.38% GDXJ VanEck Vctrs Jr Gold Miners -0.40% GDX VanEck Vctrs Gold Miners ETF -0.45% AMJ(C) JPMorgan Alerian MLP ETN -0.47% INDA iShs MSCI India -0.48% AMLP Alerian MLP ETF -0.58% VTI Vanguard Total Stock Mrkt ETF -0.59% TNA DX SmCap Bull 3x Shs -0.62% XLY S&P Sel Consum Discretion'y Sp -0.62% OIH VanEck Vctrs Oil Svcs ETF -0.62% IVV iShs CORE S&P 500 -0.63% EPI Wisdom Tree India Earnings -0.62% SPY SPDR S&P 500 ETF -0.64% EWT(HB) iShs MSCI Taiwan ETF -0.75% SLV iShs Silver Trust -0.81% QQQ(HB) Invesco QQQ Trust Series 1 -0.82% DBEF(HB) Xtrkr MSCI EAFE Hdg -0.91% VGK Vanguard FTSE Europe ETF -0.98% XLK S&P Sel Tech Spdr Fd -0.99% FEZ SPDR Idx DJ Euro STOXX 50 -1.12% VEA Vanguard FTSE Dvlpd Mrkts ETF -1.14% VEU(HB) Vanguard Intl FTSE World ex US -1.23% VWO Vanguard FTSE Emerging Markets -1.25% NUGT(HB) Direxion Dly Gold Miners 3X BL -1.27% DIA SPDR DJ Industrial Average ETF -1.33% JNUG(HB) DX Jr Gold Miners Bull 3x -1.38% USO(HB) United States Oil Fd LP -1.39% FAS Finl Bull 3x Shs -1.45% EWW(HB) iShs MSCI Mexico ETF -1.61% QLD(HB) ProShs Ultra QQQ Trust -1.70% DXJ WT Japan Hdgd Eqty Fd -1.76% SMH VanEck Vctrs Semiconductor ETF -1.80% EEM iShs MSCI Emerg Mkt ETF -1.82% ERX(HB) Energy Bull 3x Shs -1.90% EWC iShs MSCI Canada ETF -1.91% IEMG iShs Core MSCI Emrg Mrkts -2.00% XLI S&P Sel Industrial Spdr Fd -2.01% EWJ iShs MSCI Japan ETF -2.05% XLB S&P Sel Materials Spdr Fd -2.08% LABD(HB) DX Dly S&P Biotech Bear 3X -2.19% UNG(HB) United States Natural Gas Fd -2.21% EWY iShs MSCI S Korea ETF -2.26% UCO(HB) ProShs Ultra Bloomberg Crude -2.46% TQQQ ProShs UltraPro QQQ -2.51% XME SPDR S&P Metals & Mining -2.58% USLV(HB) VS 3X Silver -2.69% EWA iShs MSCI Australia ETF -2.73% IEFA iShs Core MSCI EAFE ETF -2.81% FXI iShs China Large-Cap ETF -2.95% EFA iShs MSCI EAFE ETF -3.01% EWU(HB) iShs MSCI UK ETF -3.21% EWH(HB) iShs MSCI Hong Kong ETF -3.27% EZU iShs MSCI Eurozone ETF -3.47% SVXY ProShs Short VIX Short-Term -3.70% EWG iShs MSCI Germany ETF -3.76% UWT(HB) VelShs 3x Lng Crude Oil ETNs -4.09% UGAZ(HB) VS 3x Long Natural Gas ETN -6.63%
Investing.com – The growing threat of an all-out trade-war between the U.S. and China drew a muted reaction in gold prices as the dollar rally kept a lid on demand for the yellow metal.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Japan’s yen and the U.S. dollar strengthened against their major rivals on Tuesday, as the escalating trade conflict between the world’s two biggest economies sent investors scrambling for safer assets. Trade tensions between the U.S. and China were already heightened, when President Donald Trump threatened to slap new import levies on up to $400 billion of Chinese goods late Monday, on top of the $50 billion his administration has already detailed. China responded on Tuesday, saying Beijing will have no choice but to take comprehensive measures in response to the U.S.’s trade moves.
Gold prices were modestly lower on Tuesday, pressured lower by a rising U.S. dollar while trade tensions lingered. Comex gold futures for August delivery were down 0.23% to $1,277.20 a troy ounce as of 10:08 AM ET (14:08 GMT). Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.
The S&P 500 was down 20 points or 0.75% to 2,753.08 as of 9:38 AM ET (13:38 GMT) while the Dow composite decreased 323 points or 1.29% to 24,664.33 and tech heavy NASDAQ Composite fell over 57 points or 0.74% to 7,689.58.
China-related markets were taking some heat on Tuesday as a fresh chapter in the trade war with the U.S. threatened to blow up. Here are five charts showing how dramatic a day it has been for global markets.
Based on the early price action and the current price at $1276.40, the direction of the August Comex Gold futures contract the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $1280.40. Basically, look for the downside bias to continue on a sustained move under $1280.40 and for an upside bias to develop on a sustained move over $1289.00.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
Has a tit-for-tat tariff spat between China and the U.S. shifted from a skirmish to a full-blown trade war?
Investing.com – U.S. futures slumped on Tuesday as trade war tensions escalated.The S&P 500 futures was down 30 points or 1.10% to 2,749.25 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 328 points or 1.31% to 24,688.0. Meanwhile tech heavy Nasdaq 100 futures fell 76 points or 1.04% to 7,200.00Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.In the latest spat, U.S. ...
Gold prices are trading under pressure after breaking through trend line support. Momentum has turned negative and will likely weigh on prices as it targets the 2018 lows. A strong dollar and continued trade spat threats is generating demand for U.S. dollars, which is countering, and safe-haven bid gold might receive. Stronger than expected U.S. Housing starts, also help buoy the dollar, which in turn weighed on gold prices.Technicals
The Canadian dollar weakened to a nearly one-year low against its U.S. counterpart on Tuesday as an escalating trade dispute between the United States and China pressured global stock and commodity markets. Equity and oil prices fell after U.S. President Donald Trump on Monday threatened to impose a 10 percent tariff on $200 billion of Chinese goods, which Beijing warned it would fight back against with "qualitative" and "quantitative" measures. U.S. crude prices were down 1.6 percent at $64.82 a barrel.
Based on the early price action and the current price at 1.1557, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the steep downtrending Gann angle at 1.1611. Basically, a sustained move over 1.1611 will give the EUR/USD an upside bias, and a sustained move under 1.1543 will continue the downside bias.
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In case if the pair continue trading southwards after 1.1440, the 1.1370, the 1.1330 and the 1.1300 may please the Bears. Assuming that the pair reverses from current levels, the 1.1650 and the 1.1730 can act as immediate resistances before highlighting the 1.1835-50 area for one more time. Alike EURUSD, the NZDUSD is also near to important support-zone, namely the 0.6885-80, but break of which might not trigger the pair’s plunge as an upward slanting trend-line, at 0.6860 now, could still challenge the sellers.
European Central Bank President Mario Draghi on Tuesday highlighted the central bank's dovish message on monetary policy, indicating that it could extend its bond-buying program if necessary. The ECB's "anticipated ending of asset purchases in December this year is subject to incoming data confirming the medium-term inflation outlook," Draghi said in speech at the bank's annual economic conference in Sintra, Portugal. The ECB last week said it would purchase €30 billion ($34.6 billion) a month of bonds through the end of September, and if data met its medium-term inflation outlook, it would reduce purchases to €15 billion a month through the end of December, then end them.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
The pair staged lower at the open in the Monday’s session due to some political concerns emerging out of Europe with news about Angela Markel being ousted. The 1.17 level above is massively resistive and as well as 1.18 level which the market needs to clear above in order to reverse the bearish sentiment. The 1.30 level underneath is going to be a massive support level.
The EUR/USD rejected precisely as planned in yesterday’s analysis. The rejection happened in the POC zone, and the EUR/USD went down. Today, the EUR/USD is trying to close below the trendline for a bearish continuation move. 1h momentum or 4h close below 1.1589 should provide a continuation towards 1.1542 and 1.1521. Two order blocks above are strong resistance points, and EUR/USD can get bullish only above them. However, a test of W L3 – 1.1521 seems likely.
Investing.com - The yen strengthened against the dollar in morning trade in Asia Tuesday after U.S. president Donald Trump raised the possibility of imposing new tariffs on US$200 billion worth of Chinese goods. Investors are entering risk-off-mode as worries mount over a U.S.-China trade war and the risk-off mode is benefiting the safe-haven yen.
The global financial markets responded to tariffs on $200bn worth of China imports into the U.S and China’s promise to respond, both sides seemingly unwilling to back down. If Trump wanted a weak Dollar, a trade war is not the way.