Technical Analysis

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

NASDAQ closes lower for the 1st time in 3 days US stocks are ending the session mixed.  The S&P index moved higher close at the highest level since February 21.  The S&P is up for the 3rd consecutive day The NASDAQ index close lower after 2 days of gains the Dow industrial average is on a

NZD/USD buyers are poised in search for a firm move above 0.6600 For bank trade ideas, check out eFX Plus The kiwi is one of the beneficiaries from the more positive risk mood today, with price action now testing the 0.6600 handle as buyers are looking poised to try and go in search of a

Up $0.22 or 0.54% The price of WTI crude oil futures are settling the day at $40.81. That is up $0.22 or 0.54%.  The high for the day reached $40.91. The low extended to $39.83.  For the September contract, it is settling at $40.93. That’s up $0.18 or 0.46%. It’s high price reached $40.91, while

EUR/USD touches a high of 1.1467, its highest level since 9 March For bank trade ideas, check out eFX Plus The news from earlier (⬆️) is giving the euro a decent push higher to start the session, with EUR/USD climbing from flat levels around 1.1430 to fresh highs since 9 March of 1.1467. Euro buyers

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

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