UGLY. Stocks end on their backs with losses over 2.4%

The market votes again on trade concernsU-G-L-Y.It’s UGLY.The US stocks got hammered with losses above of about 2.5%-3% for the major indices. The S&P index is down -2.52% or 68.24 points at 2643.69 The Nasdaq index is down -178 points or -2.43% at 7166 The Dow fell -723 points or 2.93% at 23957. Bank stocks […]

AUD/USD — heads up for some early levels to watch for

Early in Sydney, that is, late in US tradeThis some of the levels (via US timezone, still too early for Australia)Resistance area initially 0.7720/30 then 0.7755/65, 0.7790/00 Support 0.7685/95/00 initially then 0.7675 Trade tensions, interest rate differentials weighing on the rallies (and a general risk off malaise!), while dips are seeing buyers looking at steady […]