GBPJPY up over 1% on the day The USDJPY is trending higher and is now trading at the highest levels since April 9 – moving above the May high at 109.78 in the process. The GBPJPY is outpacing that trend move gain, with a run higher of over 1% for the GBPJPY pair. The GBP is the strongest of the majors
Technical Analysis
Nvidia releases earnings after the close the major US indices are ending the session with mixed results. The Dow 30 is closing lower. The Russell 2000 index up small-cap stocks is closing up around 2%. The Dow and S&P are on track for a monthly gain the NASDAQ remains on track for a down month.
S&P listen 1% from its all-time high Both the NASDAQ and SMP indices are trading to new session highs. The NASDAQ index traded as high as 13742.29. It is currently trading at 13741, up 83.85 points or 0.61% The S&P is trading up 10.9 points at 4199.05. That’s up 0.26%. Its hi it just reached 4199.92 just short of 4200. The S&P index
Modest losses the major US stock indices are closed lower, giving up earlier gains. Highlights for the day include: S&P closes at 1% below all-time high NASDAQ 4% below all-time high Dow closes 2% below all-time high Dow, S&P on track for a monthly gain NASDAQ index on track for a monthly loss The final
German DAX up marginally. Francis CAC and UK FTSE 100 down marginally. The European shares are ending the day with mixed results. The provisional closes are showing: German DAX, +0.2% France’s CAC, -0.2% UK FTSE 100, -0.2% Spain’s Ibex, +0.2% Italy’s FTSE MIB, +0.15% In the European debt market, the benchmark 10 year yields are all trading to the downside. Italy
Range at the start of the day was only 27 pips The USDCAD started the North American session with only a 27 Pippa trading range. That range is being extended to the upside and is up to 37 pips. That is still off the average of around 76 pips. There is room to roam. Looking at the
Germany is close today the European indices close with the modest changes. A snapshot of the provisional closes shows: France’s CAC, +0.3% UK’s FTSE 100, +0.5% Spain’s Ibex, unchanged Italy’s FTSE MIB, -0.3% In other markets as London traders look to exit: Spot gold is up one dollar or 0.05% $1882.24. Spot silver is up $0.16
Dow leads the way to the upside today The major indices are opening higher as traders look for a positive close the end of the week. The first three days of the week saw major indices fall. Yesterday, the prices is rebounded, and that momentum is rolling over into today’s trading. A snapshot of the market
The 100 hour MA comes in at 0.8998 The USDCHF traded to the lowest level since February 24 today after taking out the low from Tuesday’s trade at 0.89597. However, the moves below that low (there were 2), both failed today (the lowest low reached 0.89531). After the 2nd failed run below the Tuesday low, the sellers turned buyers and was
UK FTSE 100 lower on the week The European major indices are ending the day mostly higher. The snapshot of the provisional closes are showing: German DAX, +0.4% France’s CAC, +0.7% UK FTSE 100 , flat Spain’s Ibex, +0.8% Italy’s FTSE MIB, +1.0% For the week, the UK FTSE 100 felt modestly. The other major indices were higher: German DAX, +0.14% France’s
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NASDAQ index and S&P closes lower. The US stock indices are closed for the week. The NASDAQ index was the weakest of the majors today. The Dow industrial average closed higher. The S&P was marginally lower: NASDAQ index posts first weekly gain in five weeks NASDAQ post the fourth negative session in five Dow, S&P
Can the price remain below the MA line now? The price of the NZDUSD has been on a volatile ride today. In the Asian session, the price wanted to the downside but found support buying near the 100 day MA. The moved to the upside in the European session took the price above its 100 and 200 hour moving averages
Nasdaq and S&P still remains lower on the month The major US indices are closing higher with the NASDAQ leading the charge. All three major indices snapped three days losing streaks The Dow and S&P are on track for a weekly loss NASDAQ is higher for the week and looking to close higher for the first time in
The USD is higher but off highs for the day As European/London traders look to exit for the day, the JPY remains the strongest and the NZD is the weakest of the major currencies. That was the ranking when the US stocks opened for trading a few hours ago.. The USD was the strongest at the start of
US dollar moves higher after Fed minutes The USD has broken to new highs after the Fed minutes suggested might be time to think about tapering. EURUSD: The EURUSD has moved to an through (at least temporarily), the swing highs from May 10 and May 11 between 1.2175 and 1.2181. THe pair has fallen short of the 38.2% retracement of the
Down to $2.13 or -3.25% on the day The price of WTI crude oil futures are selling at $63.36. That is down $-2.13 or -3.25%. The high price reached $65.35. The low price was at $61.95. The Vienna nuclear talks with Iran are ongoing and traders are hoping for an agreement. If so, there could be
Encouraged by Iran nuclear talks The price of crude oil has fallen sharply below its 100 and 200 hour moving averages. See Adam’s post here for the news triggering the fall. The price of WTI crude oil futures fell down toward the $64 level (the low reached $64.11). In the process, the 100 /200 hour MAs were