Technical Analysis

Light changes overall so far today The more positive open in Europe is helping to keep commodity currencies slightly buoyed, with the aussie up nearly 30 pips against the dollar to 0.7315. USD/CAD is also down 0.3% to 1.2647 but all things considered, the moves matter little technically. AUD/USD is still pinned down below its

Tests the falling 50 hour MA The NASDAQ index is trying to snap victory from the jaws of defeat and close higher on the day.  The pair has erased the earlier declines that saw the index fall by -114.40 points. It is currently trading up around 12 points or 0.09% at 15173.40.  The price is currently

Major indices all higher The US stocks are closing near their highs for the day. The Russell 2000 index of small-cap stocks was the biggest gain or with a 1.1% rise. Dow and S&P up to the last three trading days NASDAQ snapped a five day losing streak The major indices closed near their highs

Dow and S&P lead the way The major US indices are trading near session highs, with the S&P and Dow industrial average both rising by 0.78% and leading the way. The snapshot of the major indices currently shows: Dow industrial average up 269.9 points or 0.78%at 34847.90 S&P index up 34.53 points or 0.78% at

All 11 sectors of the S&P are lower. The majors stock indices are all closing lower with the Dow industrial average the worst performer. The S&P and Dow have been down for five the last six trading days The NASDAQ index has fallen five straight days All 11 sectors of the S&P index are lower

USD still lower vs the JPY and CHF as flow of funds head into those pairs The USD is making new dollar highs vs the AUD, NZD and GBP. It is just off the high vs the CAD.  The greenback is still lower vs the JPY and CHF as those currencies are being supported by

AUD/USD down 0.3% to 0.7342 currently His remarks earlier weren’t anything new but they just reaffirmed the more dovish sentiment when it comes to RBA policy at the moment, as compared to other major central banks which are at least taking more progressive steps in normalising policy. There was also an attempt to jawbone the

Dow industrial average still higher The major stock indices are trading lower with the S&P index now and negative on the day. It is on track for its six straight day of declines.   The index is down -11.1 points or -0.25% at 4447.46. Looking at the hourly chart, the S&P opened back above its 200

EUR/USD eases to fresh two-week lows of 1.1790 Invest in yourself. See our forex education hub. The greenback is starting to flex its muscles a little on the new week, as it pushes slightly higher across the board now with light gains against the euro and pound. EUR/USD sees sellers keep near-term control as price

The high today stalled against a swing area at 0.74095 The AUDUSD as seen a up and now down trading day. The pair is close to the closing level from yesterday.   The move to the upside was able to extend back above its 100 hour moving average (blue line in the chart above). However, after moving up

The UK FTSE 100 is the exception. Major indices are lower for the week The major European indices are ending the day with mixed results: German DAX, -0.1% France’s CAC, -0.5% UK’s FTSE 100, +0.1% Spain’s Ibex, -1.2% Italy’s FTSE MIB -0.8% For the week: German DAX, -1.1% France’s CAC -0.5% UK’s FTSE 100 -1.5%

The lows today tested the low prices for the week the price of WTI crude oil has run the gamut of the weeks highs and lows in it trading range today. Earlier in the day, the price tested the lows for the week near the $67.56 level. The low price today reached $67.68. The high

NASDAQ index trading to a new session low The US stocks have heading lower.  The NASDAQ index is now trading at new session lows down about -60 points or -0.39% at 15187.40. The Dow is down -146 points or -0.42% at 34731. The S&P index is down -16.75 points or -0.37% at 4476.43. Both the

The 100 hour moving average and 200 day moving average are convergent 0.7114 The NZDUSD has been rotating back to the downside after an attempt to get above Tuesday’s high at 0.71523 failed.  The pair was higher earlier in the day as stocks opened with solid gains, but those gains were eroded and the prices started to move back down. The pairs

NASDAQ down for the second consecutive day The US major indices are all closing lower with the Dow and S&P down for the fourth straight trading day. The NASDAQ has been down for two consecutive days A look at the closing levels shows: Dow industrial average fell -150.84 points or -0.43% at 34880.23. The low

The last 6 hours has seen the price stay above the 200 day MA and 100 hour MA The NZDUSD traded yesterday between its 200 day moving average above and 100 day moving average below (at 0.71138 and 0.70778 respectively).  Traders were waiting for the break and run. At least that is the hope.  Today, the break came

The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series

German DAX, -1.4% The major European indices are ending the session with the client across the board. The provisional closes are showing: German Dax -1.4% France’s CAC, -0.8% UK’s FTSE 100, -0.7% Spain’s Ibex, -0.44% Italy’s FTSE MIB, -0.6% In other markets as European/London traders look to exit: Spot gold the is trading down $-2.46 or -0.14%