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
Technical Analysis
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