The Traderszone Network

12 July, 2016 by The TZ Newswire Staff Comments Off on Fed’s Kashkari comments earlier – wrap

Fed’s Kashkari comments earlier – wrap

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis spoke at a ‘town hall’ meeting
headlines here
Reuters have a bit of a recap up on his comments if you’re just waking up:

12 July, 2016 by The TZ Newswire Staff Comments Off on AUD orderboard

AUD orderboard

The AUD/USD orderboard
– Sellers 0.7660, there are some trading stops above the overnight high. Sellers again 0.7690/00
– Buyers 0.7600, 0.7570, trading stops under here. Buyers again 0.7500/20
Currently 0.7617

12 July, 2016 by The TZ Newswire Staff Comments Off on Traders say it might be time to buy into tech after NASDAQ hits 2016 highs

Traders say it might be time to buy into tech after NASDAQ hits 2016 highs

The technology-heavy NASDAQ saw its highest levels of the year on Tuesday.

12 July, 2016 by The TZ Newswire Staff Comments Off on NZ data – Food prices for June: +0.4% m/m (prior -0.5%)

NZ data – Food prices for June: +0.4% m/m (prior -0.5%)

New Zealand data, food price index +0.4% m/m and -0.5% y/y
Food prices are a volatile component of inflation and are often excluded from measures of ‘core’ inflation.

12 July, 2016 by The TZ Newswire Staff Comments Off on Wells Fargo: Second-Quarter Earnings Preview

Wells Fargo: Second-Quarter Earnings Preview

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Image source: iStock/Thinkstock.

In terms of second-quarter bank earnings, the reality is, investors shouldn’t expect much. This is true even for Wells Fargo (NYSE: WFC), which has been the best-performing big bank since the financial crisis.

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12 July, 2016 by The TZ Newswire Staff Comments Off on What Happened in the Stock Market Today

What Happened in the Stock Market Today

Stocks pushed further into record territory on Tuesday by posting solid gains. The Dow Jones Industrial Average (DJINDICES: ^DJI) rose by 121 points, or 0.7% to reach a new high one day after the broader S&P 500 (SNPINDEX: ^GSPC) posted its own all-time record. The S&P tacked on an additional 0.7% increase on Tuesday, leaving both indexes up 5.3% so far this year.

^SPX Chart

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12 July, 2016 by The TZ Newswire Staff Comments Off on China trade balance for June due today, ‘tentative’

China trade balance for June due today, ‘tentative’

I’ve been reminded in the comments (thanks EC) of China trade balance
It is said to be ‘tentative’ for release today
Latest info I have is its due later than it normally is, at 0700GMT.