Technical Analysis

All 11 sectors higher The major indices all closed higher for the day led by the NASDAQ index which rose 1.17%. All 11 sectors of the S&P are higher indices close near the session highs Dow snaps a three-day losing streak S&P and NASDAQ close up for the second consecutive day major averages post weekly losses Dow

Crude oil is down for the 7th consecutive day The CHF is the strongest and the CAD is the weakest as flows are once again out of the commodity currencies with help from China regulation, concerns about slowing from Covid delta variant (at least now), lower stocks, and all that dynamic continues to hurt commodities.

What an ugly fall this week The final tell for an Australian dollar capitulation should have been yesterday’s jobs report. The numbers for July were surprisingly good and yet AUD/USD could only muster a 10 pip rally on the headlines. To be fair, it landed at a time of incredible USD/JPY buying and it’s a

Flight to safety flows lead the forex market today The JPY is the strongest and the AUD is the weakest as North American traders enter for the day. The moves in the forex, are the usual flight to safety ones. The USD and the CHF are just behind the JPY as the strongest. The commodity

A rundown of some of the sore spots The charts aren’t always right but they should never be ignored, especially when so many dominoes are falling together — and just six weeks after the bottom began falling out of Treasury yields. There are still many risk-positive charts out there and many more that are hanging

NZD/USD falls by 0.5% to 0.6890 in European trading The kiwi has put up much resilience after the RBNZ policy decision earlier but the currency is starting to wobble a little now as it slips under 0.6900 against the dollar. While the figure level is key, there is still daily support from the 20 July

No new records today The major US stock indices all closed lower, snapping the record close string at five. Dow has its worst performance since August 4 S&P has its largest decline in nearly a month NASDAQ posts a two day declinne S&P and Dow snap a five day win streak/5 days of record closes

GBP/USD down 0.4% to below 1.3800 on the day The dollar may be keeping more resilient amid more dour risk tones in the market but it is tough to really pinpoint any reason for the pound’s underperformance today, in which the currency is even lagging the loonie in European morning trade. The only thing I

RBA minutes due at 0130 GMT AUD/JPY slumped as low as 79.89 yesterday, just above the July low of 79.84. It’s since rebounded 30 pips but remains within the danger zone as we count down to the minutes of the August 3 RBA decision. For me, this chart doesn’t look great. The temptation is to

Oil is down 2% to near $67 in European morning trade While WTI crude seemingly held at the July low in trading last week, the latest bounce never really got going as it is slowly fizzling with the market leaning more towards being risk averse to start the new week. Delta variant concerns are posing

USD/JPY down 0.2% to 109.30 levels currently Invest in yourself. See our forex education hub. The sharp move lower on Friday came as Treasury yields and the dollar sank and with yields keeping lower once again today, the downside momentum in the pair is staying the course as European traders enter the fray. USD/JPY is

AUD/USD is down 0.4% today, keeping near the lows in European trading The pair is down 0.4% on the day to around 0.7338 currently, hovering near the lows as the more defensive risk mood and softer China data weigh on the aussie. That said, in the context of the past few days, this fits with

Down -$0.65 or -0.94% The price of WTI crude oil futures settle at $68.44. That’s down $0.65 or -0.94%. The high price reached $69.22. The low price extended to $68.15. The low today was just above the closing level from last week near $67.95.  For the week the price moved lower on Monday falling to a low

NASDAQ closes lower for the week The S&P and Dow held on for a record closes but just barely.  The S&P closed at record day for the fourth consecutive day.  The NASDAQ moved higher in the last minute of trading and it’s second gain in a row.  The Russell 2000 fell close to 1%. S&P posted its 48th record close

TGIF The EUR is the strongest and the USD is the weakest as NA trading get underway on a Friday. TGIF.   The Eueopean stocks continue to move higher with the German Dax moving to yet another new high. The CAC is also making a new year high and works closer to its all time high

Takes out the low from yesterday’s trading The GBPUSD has been steadily moving lower over the the course of the NY session and has just moved below the low target from yesterday’s trading below 1.38022 and also below the natural support at 1.38000. The low 1.37935 so far. Looking at the hourly chart, the pair is testing/dipping

It has been a snoozefest of a session so far Major currencies are keeping in narrow ranges and are still within 10 pips of one another on the day, as the mood couldn’t be more dull in European morning trade. To keep things flowing, let’s take a look at some dollar pairs right now and

Nasdaq lower for the 2nd consecutive day The Dow and S&P closed at record levels for the second consecutive day. The NASDAQ closed lower for its second day of declines.  The Dow closed at a record for the 32 time this year The S&P closed at a record level for the 46th time this year The Dow closed near its