Major indices trade near their highs at of the key earnings With Amazon, Apple, Alphabet and Facebook all slated to announce earnings after the close, the major indices are well off there lows for the day and trading near their highs for the day. The S&P index and Dow industrial average are still in the red, but the NASDAQ index is
Technical Analysis
The high yesterday got close to the low on the swing area and 61.8% retracement The EURUSD moved to the highest level since May 2018 yesterday and in the process sniffed the low end of a swing area at 1.18147 and the 61.8% retracement of the move down from the 2018 high at 1.18221. Drilling to the hourly
High extends to 1.18054 The EURUSD approached the low of a resistance area at 1.18147. The high price reached 1.18054 and backed off. The current price is back at 1.1777. Looking at the 5 minute chart, the fall saw the price fall below the 100 bar MA, but found support buyers against its 200 bar moving
Battle near the lows as buyers and sellers more balanced at the levels The USDJPY transitioned from non-trend to trend on Friday – breaking below the swing lows at the 106.65 area. The pair has trended lower with the price moving down to a low of 104.793 earlier today. Looking at the hourly chart, that low was able
A soft ending to the stock day The US stocks are ending the day just off the lows for the day. The NASDAQ index by the way with a -1.27% decline. The final numbers are showing: S&P index -20.97 points or -0.61% at 3218.44. NASDAQ index fell -134.17 points or -1.27% at 10402.09 Dow industrial average fell
The USD is rebounding modestly today As North American traders enter for the day, the JPY is the strongest, the NZD is the weakest. The USD is rebounding modestly after trading to the lowest level since June 2018 yesterday. As mentioned the gain is still modest. Because the dollar is up, we are also seeing
Technical analysis chart for the ozzn Australian dollar with S&R This via analysts at Credit Suisse, see what you think: CS commentary (in very brief) AUDUSD is consolidating as expected after a dramatic surge, which completed a major ‘head and shoulders’ base and turned our medium term bias higher. Although further consolidation should not be
The USD is lower again (Gold at a record) as the new week begins The JPY is the strongest and continues it’s trend higher (USDJPY lower) and the CHF is the weakest (rebounding from its downward trend) as NA traders enter for the day (and start the week). The USD is lower once again with
USDJPY cracks below the 105.98 May low The USDJPY has cracked below the May/June lows at 105.98 and 106.06 respectively. The pair has run to the lowest level since March 16, 2020. The low price has reached 105.755. With the break below the floor. That level now becomes the ceiling and risk level for shorts. Stay
The USDCAD stalled ahead of the 38.2% retracement The USDCAD has rebounded modestly higher today but has moved back lower in the recent hourly bar. The correction higher today did find resistance against the 38.2% retracement of the week’s trading range. That level came in at 1.34456. The 100 hour moving average has since moved down toward that 38.2%
German DAX falls close to 2% on the The European markets are closed for the day and the week, and the results today showed sharp falls in the major indices. The provisional closes are showing: German DAX, -1.97% France’s CAC, -1.57% UK’s FTSE 100, -1.41% Spain’s Ibex, -1.0% Italy’s FTSE MIB, -1.8% For the week, the
Lows close going back to 2018 was at 0.92176. The low today reached 0.92184. The USDCHF this week peaked on Monday at 0.94093. That that high was just below the 200 hour moving average at 0.9411. Sellers leaned against that level and it took until Tuesday to break below a floor area between 0.93618 and 0.93701
NASDAQ down for the 2nd week in a row US major indices are ending the session with declines. For the week each of the major indices are also lower. It was the 1st negative week for the Dow and S&P in 4 weeks. For the NASDAQ is on a 2 week losing streak. The NASDAQ
US 5-year yields fall to a record low of 0.255% Meanwhile, 10-year yields are seen lower by 2 bps to 0.558% and that is weighing across yen pairs as the bond market is looking to make waves towards the end of the week. As warned earlier, this is one spot to watch ahead of the
Investors to sell the FAANG stocks The US stocks are ending the day sharply lower and risk on flows dominate. The FAANG +M+T (that is Microsoft and Tesla) fell sharply. The final numbers are showing: S&P, fell -40.36 points or -1.23% at 3235.66 NASDAQ index fell -244.7 points or -2.29% at 10461.42 Dow industrial average fell -353.51 points or
Gold posts fresh highs on the session, trades at its highest levels since 2011 For bank trade ideas, check out eFX Plus The run higher in gold and silver this week has been quite stunning with gold rising for a fifth straight day in somewhat of a parabolic move from $1,800 to now move within
Wants GOP members to get home to campaign. according to Fox’s Charlie Gasparino, Sen. Majority Leader Mitch McConnell is saying that he wants a quick conclusion to the stimulus talks. That means foreoing fighting for items like the payroll tax cut that Pres. Trump insists on. The reason for the tactic? He wants members home and campaigning to keep the Senate.
EUR/USD touches a high of 1.1584, its highest level since October 2018 For bank trade ideas, check out eFX Plus The pair has had a bit of a choppy session in European morning trade, falling from 1.1540 to 1.1507 as the dollar firmed but is now turning things around amid a run of stops above