German DAX, -1.4% In the European debt market, the benchmark yields are moving higher, with investors shunning the risk year countries including Spain, Italy, and Portugal. France 10 year yields remain above the 0.0% level at 0.072%.
Blogs
GBPUSD moves toward highs for the day
Momentum on move back above the 200 day MA , the GBPUSD broke below its 200 day moving average earlier in the London session and tried to move back above after finding support near the 100 hour moving average and other support levels.
Dollar continues fall as stocks rebounded and yields move lower
EURUSD and USDCHF moved to new session lows. The dollar is falling as stocks rebounded yields move lower. Although not at extremes, the AUDUSD, NZDUSD and USDCAD are moving in the dollar down direction as well.
NASDAQ index turns positive and reaches a new record high
The races earlier declines The S&P and Dow industrial average lag in trading today. The S&P index is currently down -19 points or -0.59%. The Dow industrial average is trading down -165 points or -0.60% at 27415.
USDCAD trades back above 200 day MA but fails
A move above (and stay above) is needed to tilt the bias back higher The USDCAD on the daily chart below, moved to a low of 1.3356 yesterday which was above an old ceiling going back to October 2019. That old ceiling (now a floor?) comes in at 1.3320 to 1.33457. It will take a […]
US stocks open lower. Dow string of 6 up days in jeopardy.
Dow up 6 straight days. Nasdaq closed at all time highs yesterday. S&P closed higher on the year yesterday. A day after the Dow extended it's win streak to 6 straight days (longest winning streak in 9 months), the S&P erased the 2020 declines and close higher, and the NASDAQ index close at an all-tim
GBPUSD holds support but finding some stall back up at the 200 day MA
200 day MA at 1.26696 Recall in April, the 200 day MA in the GBPUSD stalled the rally not once but twice. Fast forward to last Friday, the price moved above the 200 day MA but closed right around the level (see green line in the chart above). Yesterday, the price traded above and below […]
EURUSD is doing it's ABCs. Cracks back above the 100 hour MA after holding support on the daily.
Trading the technical levels. The EURUSD created a ceiling yesterday in the 1.1311-19 area. That ceiling was respected in the one test today in the Asian session and the price moved lower. The move lower got a shove on the break of the 100 hour MA (blue line currently at 1.12815. That was the first […]
USDJPY back below the 100 day MA (and 200 day MA)
Stays below on corrective move higher The USDJPY is trading back below its 100 day MA at 108.238. The price yesterday moved below the higher 200 day MA, but found support buyers near the 100 day MA. The correction higher took the price back above the 200 day MA before the close – and the […]
The CHF is the strongest and the AUD is the weakest as NA traders enter for the day
The USD is mostly higher A corrective day in stocks means a reversal of the risk on in forex. The AUD and NZD have been leading the way to the upside as S&P index finally got to the end of December 2019 levels at the close yesterday. The Nasdaq index closed at record high levels. […]