Written by Gary
The averages made a nice one percentage point move upward today with the DOW closing up 188 points on enthusiasm from traders that believe all is well in China and oil has reached it low point. Short term indicators are bullish and we will probably see another up day tomorrow, but the longer term indicators are getting rusty in the hinges and starting to squeak.
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This story will melt your heart. An eight-year-old boy with cerebral palsy was cheered over the finish line as he completed his first triathlon unaided. Bailey Matthews, from Doncaster in the UK, abandoned his walking aid to complete the event. He received a warm reception as, despite several tumbles, he crossed the finish line at Castle Howard, North Yorkshire, in triumph.
Infographic Of The Day: Banish Meeting Boredom - 13 Tips For Better Meetings
What makes a good (and a bad) meeting?
FOREX NEWS by DailyForex
The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
When we talk about the euro, we usually don’t consider the United Kingdom as a dominant presence in the discussion. After all, despite being a member of the Eurozone group, London has opted to keep the Pound Sterling as her local currency.
The Euro had been gathering steam and had earlier struck a 2-week peak versus the US Dollar as traders awaited the release on German business sentiment. Germany, as the largest economy in the Euro area, essentially drives the remainder of the Eurozone and largely sets sentiment for the common currency.
Last week saw all of the major markets close lower. Get the fundamental weekly analysis for the currency and commodity pairs for the week of July 27, 2015 here.
Financial markets usually slow down in the summer. But the coming week could provide some indication of how the rest of the quarter will pan out. The Federal Reserve's monetary policy decision will take center stage and along with the U.S. second-quarter growth report investors should have a better idea of what the rest of 2015 will look like.
Special Report from Money Morning
by Kent Moors, Money Morning
Years ago, when I was doing monthly analysis on Iran's oil and gas industry, one of the biggest quandaries was trying to make market sense out of what came from the leadership in Tehran.
Written by Gary
Averages Rise In light of bearish indicators. The market has to improve or we are in a bear downturn.
28Jul2015 Pre-Market Commentary: U.S. Futures Up, Oil Remains Down, Chinese Markets End In Red, U.S.
27Jul2015 Market Close: Averages Close Down, DOW Off 128 Points, Nasdaq Down One Percent, WTI Oil Co
Written by Steven Hansen
The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth was unchanged from last month's 4.9%. The authors of the index say: "Over the next two years or so, the rate of home price increases is more likely to slow than to accelerate".