Thursday, 17 August 2023

US Indices’ Rally is Cracking: S&P 500, Nasdaq Price Action

The upward pressure in the S&P 500 and the Nasdaq 100 index is finally fading -- at least for now. How much more downside for US indices?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...