Weekly forex futures positioning data from the CFTC EUR long 143K vs 143K long last week. Long position unchanged GBP long 4K vs 5K long last week. Longs trimmed by 1K JPY long 50K vs 47K long last week. Longs increased by 3K CHF long 9K vs 12K long last week. Longs trimmed by 3K
Technical Analysis
Dow, S&P and Nasdaq closes at record close The US stocks closed higher on the day. The Nasdaq led the way with a gain of over 1%. The Dow, S&P and Nasdaq all closed at record levels The final numbers are showing: S&P is up 20.89 or 0.55% at 3824.68 Nasdaq is up 134.49 or
EURUSD 100 hour moving average at 1.22825 The EURUSD has moved higher (lower USD) after the we can expected US jobs reports. The price range since the release has seen the price bottom at 1.22335. The high price (and new high for the day) reached 1.22841. That is just above its 100 hour moving average at 1.22827 (see blue line in the chart
Dow, S&P, NASDAQ, Russell 2000 all closed at record highs The major indices are all closing at record highs. THe Dow industrial average closed above 31,000 for the 1st time ever. The NASDAQ index close above 13,000 for the 1st time ever. The NASDAQ index surged by 2.6% which is the largest one-day gain in 2 months The
The dollar leads gains in European morning trade For bank trade ideas, check out eFX Plus Of note, USD/JPY is pushing to its highest levels in over a week as price touches 103.70 upon a break of its 200-hour moving average @ 103.26 earlier in the day. That puts buyers back in near-term control and
6 PM curfew and Virginia National Guard called in The US dollar has dipped modestly as chaos continues in Washington and specifically and and around the US Capitol. There will be a 6 PM curfew and the US National Guard of Virginia have been mobilized. Looking at the strongest to weakest rankings of the major currencies
AUD/USD trades to a high of 0.7815, the highest level since March 2018 For bank trade ideas, check out eFX Plus The market continues to stick with the reflation narrative on the session and that is leading to equities climbing higher after a bit of a pullback earlier on. Tech may be bearing the brunt
A break looks inevitable US 10-year yields have pushed to the upside in the past few hours but they’re still within the recent range. In the bigger picture though, the series of higher lows approaching 1%, paints a picture of a market getting ready to bust higher. If Democrats sweep tonight, that move will be
Gold held off the dollar advance from yesterday and stays in a good spot above $1,940 in trading today The Georgia runoffs will present the next key risk for gold and risk trades in general, but the resilience from yesterday reaffirms that gold buyers are looking past most of the short-term risks in the market
Heavy selling kicks in All the positive sentiment in the market evaporated in a few hours. US equity futures were up more than 20 points in the premarket but case is now down by 40, trading an outside day on daily chart. I’m wondering how much that has to do with covid, how much is
USD/JPY trades to its lowest levels since March last year The dollar isn’t getting much reprieve on the session as it continues to falter against the rest of the major currencies bloc in trading today. EUR/USD is testing 1.2300 again while USD/JPY has slipped by 0.5% to a low of 102.72. Looking at the chart,
Looking to go out for the year at the highs The AUDUSD is trading at the highest level going back to April 2018, surpassing the June 2018 high today at 0.7676 in the process. The high price reached 0.76855. The price trades just off the high at 0.7680. For the year, the low to high
Up $0.40 or 0.83% The price of WTI crude oil futures are settling at $48.40. That’s up $0.40 or 0.83%. The high price reached $48.66. The low price extended to $47.61 Looking at the daily chart for the February contract, the high price for the year was on January 3 at $57.68. The low price was
The AUD is the strongest As 2020 winds to a close, the USD is ending as the weakest with the AUD as the strongest. The greenback fell nearly -9.8% vs the AUD as Australia was relatively little impacted by coronavirus. The rise in commodity prices helped the AUD currency as well. The USD had bouts
Nasdaq the big winner in 2020 The S&P and Dow are closing at record levels at the year end. The Nasdaq led the charge in 2020 with a gain of 43.64% That was the largest gain since 2009 S&P was up 16.26%. Since 2010 the S&P is up 240% 57% of the gain in the
Up from $1517.27 at the year end 2019 The price of gold is ending the year just under the $1900 level. The current price is trading at $1897.93. That is up $3.54 or 0.19%. The high price today reached $1900.89. The low price extended to $1885.49. For the year, the price at the end of 2019 closed at $1517.27. For the year the
GBP/USD trade to its highest levels since May 2018 but just be mindful that thin liquidity conditions are still prevailing this week For bank trade ideas, check out eFX Plus The push higher in the past few sessions owes more to do with the dollar slipping up rather than the pound surging, with cable now
Dow industrial average leads the way with a 0.24% gain the major US indices are closing the day modestly higher. The Dow industrial average led the way with a 0.24% gain. A look at the final numbers shows: S&P index up 5.0 points or 0.13% at 3732.04 NASDAQ index up 19.73 points or 0.15% at