Corrective price action at the opening The major indices are opening lower after the recent run up. The declines are led by the S&P index.The Dow is down but doing modestly better:
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EURUSD moves up and down as Lagarde presser continues
Old trend line at 1.1220 stalling the fall a bit. The EURUSD has moved up and down as the market digests the increased ECB stimulus and the sharply lower expectations for growth. The initial moved to the upside took the price up to 1.12715. That was the highest level since March 13. The price also ext
The NZD is the strongest and the GBP is the weakest as NA trader enter for the day
The EUR is catching up as the strongest as the ECB adds more stimulus The ranges and changes show the modest price action in most of the pairs. The USDJPY, USDCHF, USDCAD, AUDUSD and NZDUSD all have ranges of 50 pips or less. The EURUSD and GBPUSD ranges are larger with both rebounding from lower […]
Italian 10-year yields plunge to lowest since late-March
Italian 10-year down 16 bps on the day The Italian bond market likes the ECB news. Ten-year BTP yields were creeping higher on unease ahead of the announcement and touched 1.595% but have since plunged to just below 1.40%. The spread over German 10s has fallen to 174 bps, which is the tightest since March.
Euro gets a lift as ECB delivers on PEPP expectations
EUR/USD climbs to fresh highs on the day as the ECB boosts its PEPP stimulus by €600 billion to €1.35 trillion For bank trade ideas, check out eFX Plus
EUR/USD keeps a little lower near 1.1200, focus on the ECB later today
EUR/USD keeps lower on the session but not doing a whole lot For bank trade ideas, check out eFX Plus The pair is sitting slightly lower as the dollar is keeping firmer across the board, but also as price is backing off after encountering some resistance from the swing region around 1.1239 near the 16 […]
USD/JPY tests waters above 109.00 as buyers keep the upside break going
USD/JPY is trading at near two-month highs just above 109.00 currently For bank trade ideas, check out eFX Plus The dollar strength today is in part helping with the lift but technically, the run above 108.00 and also above the key daily moving averages @ 108.30-40 from two days ago has certainly given buyers stronger […]
Dollar holds a little firmer to start the session
The greenback is slightly advancing gains to start European morning trade For bank trade ideas, check out eFX Plus The dollar is creeping slightly higher on the session, with EUR/USD now nearing the 1.1200 level and also GBP/USD falling to a session low of 1.2525 from around 1.2545 earlier.
Major indices close higher. S&P on longest winning streak since February
Dow rises for the 3rd straight day and leads the charge The NASDAQ 100 The final numbers for the day are showing: Boeing led the charge today with a gain of 12.93%. Lagging in the Dow 30 was Home Depot with a -0.71% decline. Traders are rotating out of the winners into the laggards.
NASDAQ 100 rises 0.6% to suppress all time closing record
The high closing 9718.727 The NASDAQ composite index 9817.18 on February 19, 2020. The high price today has reached 9698.93.