NZD/USD keeps just above 0.7300 for now but isn’t running away with it Invest in yourself. See our forex education hub. The kiwi is the best performing major currency so far today after the RBNZ was more hawkish than expected, with forecasts projecting a rate hike in 2H 2022. That has seen the kiwi shoot
Technical Analysis
Modest losses the major US stock indices are closed lower, giving up earlier gains. Highlights for the day include: S&P closes at 1% below all-time high NASDAQ 4% below all-time high Dow closes 2% below all-time high Dow, S&P on track for a monthly gain NASDAQ index on track for a monthly loss The final
EUR/USD hovers at its highest levels since January There was a bout of dollar weakness as European traders entered earlier, helped by the fact that USD/CNH fell below the 6.40 level to its lowest since 2018. But since then, the dollar’s decline has been kept in-check with not much of an extension seen. EUR/USD is
S&P and NASDAQ close higher for the second time in three days. NASDAQ still on track for its first monthly loss since October The major US indices close higher with the NASDAQ leading the way. Although the indices traded to new session highs in the last hour or so, and came off into the close,
Two key charts to watch for the dollar in the week ahead The greenback has staved off a further decline towards the end of last week and is holding steadier so far today as well. Major currencies are little changed amid holiday thin trading in Europe but there’s still much to look forward to in
Finds sellers The USDJPY has moved higher and trades up to the 100 hour MA at 108.972. The pair has found sellers against that level as risk can be defined and limited. IT will take a move above that MA level to tilt the bias more to the upside. Invest in yourself. See our forex education
Falling below the 100 hour MA. The GBPUSD is trading to a new session lows and in the process, has moved below the swing area going back to May 10 to May 12 (see yellow area and red numbered circles). That area is now resistance (PS the 100 hour MA is near the top of that
Up $1.64 or 2.65%. The price of WTI crude oil futures settled at $63.58. That is up $1.64 or 2.65%. The gain erased part of the three-day decline. For the week, the price declined for the first time in 4 weeks. Looking at the hourly chart, the price today moved up to retest its falling
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NASDAQ index and S&P closes lower. The US stock indices are closed for the week. The NASDAQ index was the weakest of the majors today. The Dow industrial average closed higher. The S&P was marginally lower: NASDAQ index posts first weekly gain in five weeks NASDAQ post the fourth negative session in five Dow, S&P
The aussie is the laggard so far today AUD/USD is down 0.4% to around 0.7740 currently as price gradually eased from 0.7770 at the start of the day. Of note, sellers are keeping a defense somewhat at the key hourly moving averages to hold near-term control for now: However, the 100-day moving average seen at
Nasdaq and S&P still remains lower on the month The major US indices are closing higher with the NASDAQ leading the charge. All three major indices snapped three days losing streaks The Dow and S&P are on track for a weekly loss NASDAQ is higher for the week and looking to close higher for the first time in
The dollar is slightly weaker as the market stabilises Steady tones across the board is helping to keep the market less nervous as compared to yesterday with the bounce in crypto also helping with sentiment somewhat. The dollar is softer across the board as such with EUR/USD clipping 1.2200 once again after defending its 100-hour
100 hour moving average of 1.21611 The EURUSD just moved down to test its 100 hour moving average of 1.21611. The low reached 1.2159 and as already bounce back up toward the 1.2171 level (the broken 38.2% retracement level). It would take a move above that level and then the swing area from May 10/May 11 between 1.2176 and 1.2181 to frustrate the
Commodity currencies lag behind so far on the session The more defensive risk mood is helping to keep the dollar mildly firmer so far today, with the greenback notably posting an advance against commodity currencies. AUD/USD is down 0.5% to 0.7750 as sellers look to breach below its 100-hour moving average and take near-term control
Major indices down for the second consecutive day The US stocks all close near session lows. The major indices are closing lower for the second consecutive day. We have now seen three days down, two days up and the last two days lower in the major indices. A look at the final numbers shows: S&P index -35.54
EUR/USD moves above 1.2200 for the first time since 25 February The dollar continues to slump across the board and now we’re seeing the pair start to stretch its muscles on the day. A firm break and close above 1.2200 will bode well for buyers in trying to work their way towards the year’s highs
Russell 2000 closes higher Today was a day that could’ve been worse for the US stocks. The major indices are closed lower, but were well off the lows at the close. The Russell index of small-cap stocks closed marginally higher. The S&P index closes less than 2% from the all-time high. Dow, S&P and Nasdaq snap a today winning streak NASDAQ is