S&P 500 decline extends to 100 points with tech hit particularly hard
It’s getting increasingly ugly in the stock market. The S&P 500 is at the lows of the day, down 98 points to 7706. The 1.3% decline is the largest since late July…
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Bitcoin sellers defend moving average resistance. What does that teach traders?
US stocks are lower, Treasury yields are higher, and oil prices are higher. That risk-off backdrop is weighing on Bitcoin. But for traders, the technical levels help answer the more practical questions:…
European stocks mostly higher, but DAX fails to hold above its 100-day moving average
As London/European traders exit for the day, the major European stock indices are mostly higher. The UK’s FTSE 100 leads the gains, followed by France’s CAC. Italy’s FTSE MIB bucks the trend…
Canadian dollar touches an 18-month low as the US dollar jumps on hot CPI
The US dollar is broadly stronger today and that briefly pushed it to the highest against the Canadian dollar since April 2025. The peak was 1.4299 (or 0.6993 CAD). The 70-cent level…
What technical levels are in play now for the broader US stock indices following the higher CPI data?
US stocks fall after CPI. Sellers make a play, but key support remains intact. Nasdaq 100 is closest to a key downside break as buyers defend support across the broader indices. The…
How to identify the economic data that really moves markets
One of the biggest challenges for new traders is knowing which economic releases deserve the most attention. Economic calendars typically classify indicators as low, medium or high impact, but these labels can…
What are the key levels in play for the US dollar after the hotter than expected CPI
The US CPI came in higher than expectations and that has stocks lower, yields higher, and the dollar moving to the upside. Where are the problem areas? Energy is the immediate problem. Gasoline…
Today’s Federal Reserve speaker slate suddenly got much more interesting
The stakes around the October Federal Reserve meeting suddenly got much higher. Today’s US CPI report was hot across the board, including in core measures that are less volatile than the energy-driven…
S&P 500 technical analysis after the CPI selloff
S&P 500 futures: CPI selloff threatens the recovery channel, with a lower support test in view S&P 500 E-mini futures have turned lower following the US CPI report, with the four-hour chart…
Canada August building permits rise 8.8% vs 2.0% expected
Building permits: +8.8% MoM vs +2.0% expected. Prior revised to -15.8% from -17.3%. Total permit value: $13.6 billion, up $1.1 billion. Residential permits: $8.5 billion, up $1.1 billion. Multi-unit permits: $5.8 billion,…
US September CPI 3.7% vs 3.6% expected
Prior was 3.4% Unrounded +3.738% vs +3.397% prior CPI m/m +0.6% vs +0.6 exp Prior CPI was +0.4% Core readings: Core y/y 2.6% vs 2.5% expected Prior core was 2.4% Core unrounded…
Morning Kickstart: US CPI ahead as dollar trades mixed and oil climbs
It is CPI day, and the next shove for the dollar, Treasury yields and stocks could arrive at 8:30 AM ET. In the morning video above, I take a look at the…