Technical Analysis

CFTC commitments of traders: Traders reverse speculative positions in GBP to a modest short. Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT Technical Analysis CFTC commitments of traders data for the week ending September 29, 2020 EUR long 188K vs 191K long last week. Longs trimmed by 3K

Major indices still close higher for the week The major US stock indices are closing the day lower as traders digest Pres. Trump’s Covid diagnosis and no new stimulus deal from the Dems and GOP. Although the NASDAQ fell over 2% today, the index still closed higher for the 2nd week in a row. The

Oil drops to its lowest levels since 15 September Oil isn’t spared from the souring risk mood today as it faces a more than 3% drop ahead of European trading, as sentiment soured following news of Trump testing positive for the coronavirus earlier. Price has fallen from $38.30 to around $37.30 levels currently and is

The GBP pairs had their spat of Brexit headline volatility, but other pairs not, not so much. The major indices vs. the US dollar open the day with ranges less than 54 points with the exception of the GBPUSD, and that’s where the ranges have remained.  In fact, looking at the major pairs at the start

Month results are negative The month of September is now over and the major indices closed lower for the 1st time since March. Moreover the stocks posted the worst September performance since 2011.  The good news is that the major indices close higher for the 2nd consecutive quarter and they also closed higher for the day

EUR/USD falls to a session low of 1.1702 as sellers look for a firm break below the 200-hour moving average For bank trade ideas, check out eFX Plus The euro has had a decent start to the week in the past two days but all of that is under threat now as sellers are looking

Down -5.08% The price of WTI crude oil futures continues to track lower. The number contract is currently down $2.08 or -5.08%  at $38.53. The high price for the day reached $40.70. The low price extended to $38.41.  Technically, the move to the downside saw increased selling pressure on the break of the 100 day moving

Nasdaq leads the way The major indices closed higher across the board with the NASDAQ ending up leading the way.  The S&P and NASDAQ have now posted 3 days of higher closes.  All 11 sectors of the S&P closed higher.  The energy and financials led the rally today.   The Dow post the best day cents September 9 The final numbers are showing:

The 100 hour MA has been approached twice in the USDCAD and found buyers twice The USDCAD is trading up and down in choppy price action today. The pair is currently below the closing level from Friday at 1.3382, but the lows for the day tried to extend below the 100 hour MA (blue line

Nasdaq leads the way with a 1.5% gain The major stock indices of extended to new session highs. The NASDAQ is leading the way with a gain of 1.5%. A snapshot of the markets currently shows: NASDAQ index up 163 points or 1.53% at 10836.22 S&P index up 32.28 points or 1.0% at 3079/28 Dow is up 195.88

Down 210 pips on the week The EURUSD has had its largest week decline since March 2020 when the price fell 336 pips. The fall this week at current levels has seen the price move from the week Friday close at  1.18376 to the current level of 1.16276. That is a decline of 210 pips.   Looking at

Down $0.06 or -0.15% The price of WTI crude oil futures settle at $40.25. That is down $0.06 or -0.15%. The high price for the day reached $40.64. The low price extended to $39.71. The close last Friday settle that $41.32. The settle today $40.25, has pushed the price down $1.07 on the week. That

CFTC commitments of traders: The EUR longs increase and remains near records. CAD the only shorts. Coming Up! Title text for next article LON +1 SDNY+10 NY -4 TYO +9 GMT Technical Analysis CFTC commitments of traders data for the week ending September 22, 2020. EUR long 191K vs 179K long last week. Longs increased

Dow, S&P and Nasdaq close higher for the 2nd consecutive week The US stock indices are ending the session with gains across the board and near session highs: NASDAQ and S&P closed higher for the 2nd consecutive day The NASDAQ index close higher for the 1st weekly gain in 4 weeks The S&P and Dow are not so lucky.

Nasdaq up marginally The US stocks are off and running and the indices are mixed with marginal gains/losses.  A snapshot of the major indices currently shows: S&P index -7.46 points or -0.22% at 3239.52 NASDAQ index up 21 points or 0.21% at 10965 Dow -70 points or -0.26% at 26747 in the US debt market, the yields are

A up and down day in most major pairs today The forex market had some ups and downs in the USD today.  The day started with the greenback higher. It remained near high levels as London traders headed to the exit. However, some selling in the NY afternoon session has erased a lot of the earlier

NASDAQ index fell -3.07% yesterday The US stocks are opening lower with the NASDAQ leading the way again. Recall from yesterday, the tech heavy NASDAQ index fell by -3.07%. The S&P index fell by -2.37%A snapshot of the market currently shows: S&P index -0.25% NASDAQ index -0.42% Dow industrial average -0.21% The S&P and NASDAQ are down for the 6

S&P index falls over 2% The S&P index and NASDAQ index closed lower for the 5th time in 6 days. All 11 sectors of the S&P moved lower. Stocks closed near their session lows with the NASDAQ index tumbling over 3%. The S&P index is 9% away from its high. The NASDAQ index is now 12%