German DAX falls for the 1st time in 5 trading days The European stock markets are coming to a close and the major indices are closing with declines and near session lows. The German DAX was the big winner this week, but fell for the 1st time in 5 days today. The Spanish Ibex was
Technical Analysis
Double top and double bottom in the trading range this week The USDCAD has extended above its 200 hour moving average at 1.2757 after trading above and below the moving average level for most of the London afternoon/NY early morning session. The price high has extended up to 1.27853. We currently trade at 1.2779. For the week, the
NZDUSD stalls ahead of 100 hour moving average and 38.2% retracement The price of the NZDUSD spent the 1st 3 days of the trading finding resistance sellers against a swing area between 0.7112 and 0.7120 (see yellow area and red numbered circles). Meanwhile, the moves to the downside saw the price stall near support between 0.7053 and 0.7058. After bottoming
Up $0.74 or 1.53% The WTI crude oil futures are settling the week higher on the day and trading at the highest level since February 26, 2020. The January contract settle at $49.10. That’s up $0.74 or 1.53%. The high for the day reached $49.28. The low extended to $48.10. Last week the price close of
Major indices rebounded into the close but and lower NASDAQ snaps a 4 day winning streak Each of the major indices set intraday all-time highs S&P 500 snaps a 3 day win streak major indices close higher for the week It was a quadruple witching hour today and also a rebalanced day for the S&P
Dollar buying helps to push the USDCHF back toward it’s 200 hour MA The USDCHF is bouncing to new session highs as flows head more into the US dollar as stocks move lower from earlier gains. The moved to the upside has the USDCHF testing its 200 hour moving average currently at 0.88679. The high price just reached 0.88674 – just
S&P post 31st record close of the year US major indices all closed higher. Some of the highlights for the day include: S&P, NASDAQ, Russell 2000 close at record highs NASDAQ on track for the best year since 2009 Russell 2000 on pace for the 7th straight weekly gain S&P higher for the 3rd straight
S&P trades at a new record high The major indices are opening with gains of about 0.5% to 0.6% across the board (while the NASDAQ is currently up 0.68%). A snapshot of the major indices currently shows: S&P index up 21.28 points or 0.57% at 3722.45 NASDAQ index up 84.73 points or 0.67% at 12742.92 Dow up
Dow lags. S&P up marginally. Nasdaq closes at record highs The major US indices are ending the session with mixed results. The Dow was the laggard and declined. The S&P is closing more or less near unchanged. The NASDAQ index is closing higher. In fact the NASDAQ close at a record high today. The final numbers are showing: S&P index
One last pain trade before the year comes to a close? For bank trade ideas, check out eFX Plus That could very well be the case for USD/JPY as it starts to near the support region from the early November lows at 103.18-19, with the pair continuing to keep in a downwards trajectory since the
Up $0.63 or 1.34% The price of WTI crude oil futures are settling at $47.62. That’s up $0.63 or 1.34% The high price today reached $47.73. The low price extended to $46.54. Technically the low price today based ahead of its 100 hour moving average. That level currently comes in at $46.63 a moving higher.
Completes an up and down lap The NZDUSD has had an up and down day. The initial move today was to the upside. As NY traders entered, the price started it’s reversal (along with the run higher in the USD). That took the price back down to the low for the day, and even through
Nasdaq up but S&P and Dow lower The US stocks are ending the day with mixed results. The Nasdaq is higher. The S&P and Dow is lower. The small cap Russell 2000 rose too. The final numbers are showing: S&P fell -16.13 points or -0.44% at 3647.33 Nasdaq rose 62.167 points or 0.5% at 12440.03
UK FTSE 100 near unchanged for the week. Other indices lower The European shares are ending the week on a sour note with all the major indices lower. For the week, apart from the UK FTSE 100 which is near unchanged, the major indices all fell. The provisional closes are showing: German DAX, -1.37%. This was
Down $0.21 or -0.45% The price of WTI crude oil futures for January delivery are settling at $46.57. That is down $0.21 or -0.45%. The high price reached $47.29. The low price extended to $46.34. The price of crude oil close of $46.09 a week ago. The low price this week reach $44.95 on Wednesday
CFTC commitments of traders: EUR longs increased. GBP position switches from short to long Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Technical Analysis Weekly FX positioning data for the week ending December 8, 2020 EUR long 156K vs 140K long last week. Longs increased by 16K GBP long 6K
The USD is modestly lower For the week, the AUD is ending as the strongest of the major currencies, while the GBP is the run away weakest. Nearly a 1/3 of the gains for the AUD was against the GBP (+3.02%). The currency also moved 1.51% vs the EUR and 1.47% vs the USD. The
Major indices decline for the week The shares of Disney rose by over 13% and boosted the Dow up by over hundred points alone. That was enough to lift the down to a near 50 point gain on the day. However, all the major indices had declines for the week with the S&P leading the