The GBPUSD trades to a new session low The GBPUSD moved to a new low going back to mid -April earlier today after taking out the June low at 1.3786. The low price extended to 1.37643, but bounced higher in the London/early New York session. The run back to the upside extended above the swing low from Tuesday’s trade at 1.38132.
Technical Analysis
USD/JPY is a key chart to pay attention to before the end of the week Invest in yourself. See our forex education hub. Dollar strength this week has been a key theme and while the yen largely held its own in the early stages, it wasn’t to be yesterday as USD/JPY buyers overwhelmed sellers to
15 month high for the USDJPY The USDJPY is trading at a new 15 month high. The price has taken out the high from lat week at 111.109 (bid side). The price just ticked up to 111.115. The March 31 reached 110.96 and was the high until the breach last week. Ironically, the high price
All major indices close higher The S&P in NASDAQ are both closing at record high levels S&P close higher for the fourth consecutive day Dow is up 185 points at the highs for the day. Give up most of those gains NASDAQ up for the second straight day The Dow industrial is on track for
Oil still riding high USD/CAD is nearing 1.2400 after a 54-pip gain today that’s part of a broader selloff in the commodity currencies. There’s nothing in the broader market that would suggest two days of decent declines in the loonie. Equities were strong yesterday and today. Treasury yields have generally been lower, and are flat
Dow lags as Boeing, Chevron, AMEX slumps The S&P and NASDAQ index closed at record high levels and near highs for the day. Facebook shares gave the NASDAQ index a boost in the last few hours of trading as the district court dismissed the FTC antitrust case against Facebook (up 4.18%). Intel (up 2.81%) PayPal (up
Lower swing area between 153.455 to 153.53 The GBPJPY has extended to a new session low and in the process is testing a lower swing area between 153.45 and 153.53. There were a number of swing lows going back to the week of May 10 and May 17 (on the four hour chart below). A break below that
France’s CAC down modestly The major European indices are ending the week mostly higher on the day. The provisional closes are showing: German DAX, +0.1% France’s CAC, -0.1% UK’s FTSE 100, +0.4% Spain’s Ibex, +0.25% Italy’s FTSE MIB, +0.35% For the week, the major indices are also higher: German DAX, +1.0% France’s CAC, +0.85% UK’s
Price dipped below the March low at $776 The price of lumber has moved to the downside today and in the process is moving away from its 200 day moving average at $867.67 (green line in the chart below). It is also falling below the 61.8% retracement of the move up from the April 1 low at $817.60.
The low today was lower than yesterday’s but above the low on Wednesday The USDCAD reached its high this week on Monday at 1.24863. That high was also the highest level since April 26, and took out the high from last week at 1.24801. However, that new high was only 6 pips above the April
AUD/USD analysis The Australian dollar perked up earlier today, hitting 0.7617 but it’s given it all back on USD strength due to rising yields. It’s now trading flat on the day at 0.7585. For me, this is the most-interesting chart at the moment because it captures the uncertainty in the US dollar, risk appetite and
Nasdaq 3 day string of record closes snapped The US major stock indices are closing mixed with the Dow leading the way. The S&P closed higher for the 2nd consecutive day. The Nasdaq snapped it’s three day of record closes with a modest loss. S&P index rose 14.33 points or 0.34% at 4280.81 NASDAQ index
Runs away from its 100 hour moving average now The price of bitcoin tried to move above its 200 hour moving average earlier in the day. Yesterday, there was another attempt above that moving average but both tries failed. Since failing today, the price has been stepping down in a steady fashion. More recently, the price fell back below its
Dow rises over 300 points and leads the way with a gain close to 1% The major indices saw solid gains across the board with the Dow industrial average leading the way after Pres. Biden and a group of 20 centrist senators agreed on a $1 trillion infrastructure plan. The NASDAQ and S&P index both closes higher and at
First breach of the 100 hour MA since June 16 For crypto related traders, the price of Ethereum as moved above its 100 hour moving average. Prior to the recent break, the price had moved up to test the 100 hour moving average on four separate occasions going back to June 16 (see blue numbered circles) and each test found willing sellers.
S&P and Dow industrial average close lower The NASDAQ index closed at a another record high for the second consecutive day. The new intraday high reached 14317.66. The price is closing while off that high price at 14271.73. NASDAQ post record close NASDAQ closes at record for the second consecutive day S&P index stalled just
UK’s FTSE 100 flat The major indices are ending the session mostly lower. The provisional closes are showing: German DAX -0.9% France’s CAC, -0.8% UK’s FTSE 100, unchanged Spain’s Ibex, -0.8% Italy’s FTSE MIB, -0.7% In the European debt market, the benchmark 10 year yields are mostly lower with the exception being the UK 10
Major indices higher. S&P falls short of it record high The NASDAQ index is closing at a record high level. The new intraday all time high price reached 14269.77. The S&P index got to within two points of its all-time record high at 4257.11. The high price reached 4255.84. A look at the closing levels shows: S&P index