Our Wednesday intraday trading outlook was bearish. It proved partly wrong because the S&P 500 index gained 0.1%, following the higher opening of the trading session.
Before he was fired, former FBI Director James Comey has sought more resources for Russia probe. In a farewell letter to staff, Comey said the President had the full authority to fire him and would not dwell on the decision. Democrats called for an independent probe of the Russia issue.
Stocks recovered while the dollar hovered above four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.
The European Central Bank is ready to temporarily step up purchases of Italian government bonds if the result of a crucial referendum on Sunday sharply drives up borrowing costs for the euro zone's largest debtor, central bank sources told Reuters.
With less than two weeks left before the election, many option traders might be hoping to buy volatility in the hopes that the market will make a quick change.
Daniel P. Collins, Editor in Chief at Modern Trader magazine discusses how Brexit continues to drive volatility.
Oil prices are moving lower after a surprise crude oil build reported by the API last evening as well as in anticipation of the U.S. Federal Reserve announcing an interest rate hike at the conclusion of their meeting today.
Gold enjoyed a decent gain on Friday closing up $22.00 to close at $1085.20 for the weekend, a gain of 2.51% for the week. Silver was also up on Friday closing at $14.55, a gain of 3.19% for the week. Platinum jumped $34 to close at $878.
Gold closed at $1,082 even on Friday, down by $2.60 and -0.55% overall for the week. Silver also continued to lose value on Friday closing down $0.08 to $14.23 showing an overall loss of -3.46% for the week. Platinum lost $18 to $856.
Gold gained slightly yesterday closing up $0.10 to finish at $1084.60. Silver also gained throughout the day and closed up $0.01 to $14.31. Platinum lost $5 to $874.