Dow falls -300 points The S&P index and NASDAQ gave back most if not all of the gains yesterday. NASDAQ index closed lower for the 1st time in 3 sessions NASDAQ nearly gave back all the gains from yesterday. The index rose 162 points yesterday and fell about 150 points today S&P index gave back all the gains from
Technical Analysis
NZD/USD falls by 100 pips on the day to 0.7060 Invest in yourself. See our forex education hub. As much as the NZ government announcing curbs to ease housing prices may what kicked things off, it isn’t quite nearly a major risk trigger for the kiwi in my view. However, the chart is more telling
Dow and S&P lag. Russell 2000 closes lower for the 2nd time in 3 days The NASDAQ close higher for the second consecutive day. It led the major indices higher with the S&P and Dow lagging well behind. The small-cap Russell 2000 index lags with a decline of -0.90%. The final numbers are showing: S&P index +27.48 points or 0.70% at
Trades around 200 hour MA again The USDCAD peaked at 1.25474 recently and backed off. That hi was just short of the 50% midpoint of the move down from the March high the March low at the 1.25503 level. Patient risk focused traders leaned against the level (risk could be defined and limited). The price has moved back down toward
EURUSD makes a new week low but bounces The EURUSD made a new low in early NY trading after the Nasdaq made a new low in early trading. SInce then, however, stocks rebounded with the S&P now in positive territory. THe NASDAQ moved up 0.8% (currently up 0.73%). The EURUSD moved back above a swing area between 1.1881 and 1.18857 and continued their
Mixed results for the week The major European indices are ending the session lower. For the week, the results are mixed: German Dax, -0.9% France’s CAC, -0.8% UK’s FTSE 100, -0.9% Spain’s Ibex, -1.2% Italy’s 50 MIB, -0.65% For the week, the provisional closes are showing: German Dax, +0.8% France’s CAC, -0.55% UK’s FTSE 100, -0.6% Spain’s
Up $1.42 or 2.37% The price of WTI crude oil futures are settling at $61.42. That is up $1.42 or 2.37%. The high for the day reached $61.69. The low extended to $58.94. For the week, the price closed last Friday at $65.65. With the price at $61.42, that is a decline of $4.23 or -6.44%. The again today snapped a 5 day
CFTC Commitments of Traders: JPY long switched to short (dollar long). Dollar buying against all other currencies. Coming Up! Title text for next article LON SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 16, 2021 EUR long 90K vs 102K long last week.
Nasdaq higher. S&P and Dow lower The rotation out of the Nasdaq and into the S&P and Dow was reversed today. The Nasdaq is the big winner. The Dow is the big loser and the S&P is in between those two indices. Russell 2000 has its worst week since January NASDAQ has its 4th weekly loss
WTI down over 1% to $59.11 Risk sentiment is hitting a bit of a snag going into European trading, with oil prices falling further by a little over 1% now to a low of $59.11. That extends the near 8% drop in oil from yesterday as the commodity pulls back from recent highs and trades
Nasdaq breaks 3 day up streak The US stocks are closing near the session lows with the Nasdaq leading the way. The tech heavy Nasdaq plunged over 3% lower and snapped a 3 day up streak. The other indices all closed lower as well. The final numbers are showing: S&P down -58.66 points or -1.48%
Gold is down 0.3% to around $1,740 currently Invest in yourself. See our forex education hub. The low earlier hit $1,735.60 but gold is holding around a key short-term technical level around $1,740 currently on the session. The post-Fed knee-jerk reaction saw gold jump above the short-term resistance around $1,740 but buyers never really got
Key levels at the end of the Fed chair press conference Below are the levels as chair Powell began his press conference and after: Forex rates vs the USD: The dollar moved lower. EURUSD 1.1961. Up to 1.1973 . USDJPY 108.96. Down to 108.83 GBPUSD 1.3918. Up to 1.3949 USDCHF 0.9240. Down to 0.9219 USDCAD 1.2442. Down to 1.2412 AUDUSD 0.7765. Up
The USD is mixed As North American traders enter for the day, the CHF is the strongest and the GBP is the weakest. The USD is trading mixed. Most of the major currencies are close together in the ranking. The USD has changes of less than 0.17% vs EUR, JPY, CAD, AUD and NZD. In the US, retail sales will
Break to the upside fails The EURUSD and move lower after the retail sales report. The EURGBP is also pushing back to the downside after earlier gains. Looking at the hourly chart, the price of the pair broke above a topside trendline in the 200 and 100 hour MAs after waffling up and down for most of Monday’s trade.
The GBPUSD moves below 200 hour ma, trend line but finds support at swing area Earlier in the day, the GBPUSD was finding support buyers near the 200 hour MA. However, if broken, the downside was vulnerable. I wrote: That 200 hour moving average will be a barometer for buyers and sellers going forward on the downside.
German Dax has back to back declines after 4 consecutive record closes last week The European major indices are ending the day mostly lower. Italy’s FTSE MIB bucked the trend with a modest gain. The German Dax fell for the second consecutive day after closing at record levels for the first four days of last week’s trading.
200 hour MA/swing area stalls the rally today The EURGBP spent most of the trading week trading up and down with a base near 0.8547 to 0.85508 and a ceiling around the 0.8580 area. The 100 hour MA was also a resistance level that turned back the price yesterday and today….until it didn’t. The “didn’t”