USAA Short-Term Bond (USSBX) a Zacks Rank #2 (Buy) invests at least 80% of its assets in a broad range of investment-grade debt securities. The fund maintains a dollar-weighted average portfolio maturity of three years or less. The fund declares dividends monthly and capital gains annually. The USAA Short-Term Bond fund, managed by USAA Group, carries an…
Volatility finally visited the stock market last week after the dullest summer in two decades as the hydra-headed Federal Reserve played Hamlet regarding its intentions regarding interest rates. That description of the increasingly feckless Fed may constitute a mixed metaphor, but that is a small sin compared to the damage the group of former tenured economics professors are inflicting…
■ Low-tech stocks trade sideways ahead of Fed’s rate announcement ■ High-tech exhibits strong performance with Nasdaq adding 2.3% weekly ■ EUR/USD declines to 1.1155 following strong U.S. August Consumer Price Index ■ Oil prices fall to USD 43.03 on reports of supply side strengthening Reminiscing of the good old days of the .com bubble, markets…
EUR/USD: The pair continues to face downside pressure following its sell off the past week. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level. Its daily RSI is bearish and pointing…
There will be a very busy news schedule this week compared to recent weeks, dominated by key central bank actions concerning the U.S. Dollar, Japanese Yen, and the Australian and New Zealand Dollars. The most important event of the month in the Forex market – the FOMC release – is happening this week and will…
