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
Technical Analysis
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
WTI settles at $40.55, up 96 cents Front month WTI crude had been as low as $38.54 but bounced more than $2 to finish nicely higher on the day. Crude has been tied to $40 for weeks but today’s rebound is a preliminary sign of a higher low. If crude can get above $41.63 next