Testing swing area target. The USDCHF has moved lower in 9 of the last 10 hourly bars. That has taken the price from 0.9452 to a low in the current hourly low at 0.93827. That move is now testing a swing area (see yellow area) between 0.93838 to 0.93856. There has been some dip buyers
Technical Analysis
The low today could not fall below the 38.2% retracement The GBPUSD bottomed in the NY session just above the 38.2% at 1.2509. In an earlier post, I outlined how the pair needed to get back below that MA level and stay below. It could not. The sellers turned back to buyers. The price has
Down -$0.16 or -0.39% The price of WTI crude oil futures are settling at $40.59. That is down -$0.16 or -0.39%. The high for the day reached $40.90. The low extended to $.40.02. The September contract settled at $40.75, down -$0.18 on the day. For the week, the contract settled at $40.55. With the settle
CFTC Commitments of Traders: EUR shorts increased. Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT Technical Analysis Weekly FX speculative positioning data from the CFTC EUR long 111K vs 104K long last week. Longs increased by 7K GBP short 14K vs 16K short last week. Shorts trimmed by
Dow industrial average down for the 2nd consecutive day The major US stock indices are ending the session with mixed results. The gains were led by the S&P index. The Dow industrial average fell for the 2nd consecutive day. The S&P index close week just below the year end closing level of 3230.78. It is still
EUR/USD trades to session highs of 1.1420 For bank trade ideas, check out eFX Plus The euro is looking a little perky as the negotiations on the EU recovery fund begins today, with buyers keeping a more bullish near-term bias on a hold above 1.1400 as well as the 100-hour moving average at 1.1387. Price
S&P and NASDAQ break a today winning streak. Dow industrial average breaks its 4 day winning streak The major indices have broken their recent winning streaks. Admittedly the NASDAQ and the S&P index is at only reason for 2 straight days, but the Dow industrial average had a 4 day winning streak snapped in trading
The greenback inches slightly higher across the board This comes as US futures are hitting the lows for the day, with S&P 500 futures now down by a little over 0.8%. As such, the dollar is firming with AUD/USD falling to a low of 0.6976:For bank trade ideas, check out eFX Plus The pair failed
S&P index closes just below breakeven level for 2020 The US stocks are ending the session with gains across the board. The gains are led by the S&P index which rose by 0.91%. The NASDAQ index lagged, but still gained 0.59%. For the S&P index, it toyed with closing above the breakeven level for the
GBP/USD looks to hold a break above its 100-hour moving average For bank trade ideas, check out eFX Plus The pair is getting a decent boost on the session, after having recovered from the low yesterday at 1.2480 with buyers holding a defense around 1.2500-10 for the most part if you go by the near-term
Major indices close at session highs Today saw the stock market rotate into the Dow and broader S&P indices. The tech heavy NASDAQ was the laggard. However a late day surge ”raised all boats”. The Dow had its best day since June 29. The dow rose for the 3rd day in a row. The final numbers are showing: S&P
AUD/USD touches a low of 0.6921 amid a slight dent to the risk mood in early trading but isn’t running anywhere just yet For bank trade ideas, check out eFX Plus Risk continues to keep more defensive to start the session with European equities still seeing losses of around 1.5% to 2.0% currently. Meanwhile, US
California rolling back reopening and the outside the lower close pressure tech talks The US stocks are ending the session with mixed/negative results. The Dow industrial average actually close marginally higher on the day. The S&P index and NASDAQ, however, reversed earlier gains and fell sharply. Contributing to the declines was the news that California
GBP/USD sees early gains evaporate in fall to just under 1.2600 For bank trade ideas, check out eFX Plus The pair touched a high of 1.2666 earlier today but has since seen a retreat, after having formed a bit of a triple-top pattern just under the 200-day moving average @ 1.2701. Most notably, price action
79 pip range for the week is the lowest since early January The AUDUSD has had an up and down week of trading. On the topside the pair peaked on Tuesday and again on Thursday at 0.6996 and 0.7000. The high on Thursday should have solicited more buying on the new break higher, but that
100 hour MA and high from last week at the 1.1302 level. As the NY session began, the EURUSD trading between its 200 hour moving average below at 1.1274 currently, and the 100 hour moving average above at 1.13023. The 100 hour moving average also corresponded with the high price from last week increasing levels of importance. The coin
Major indices are mixed for the week The European stocks are closing higher for the day. All the major indices are closing in the black. For the week however, the results are mixed. The provisional closes for the day are showing: German DAX, +1.09% France’s CAC, +0.88% UK’s FTSE 100, +0.76% Spain’s Ibex, +1.17% Italy’s
S&P and Dow also trading to new session highs The major US stock indices have now all turned positive. The NASDAQ index which has been lagging the S&P and Dow today, as the race declines and is now trading in the black and at new session highs. The S&P index and Dow industrial average are also trading at their