Crude pares much of the decline Even the down-days are impressive for oil. WTI crude oil fell as low as $30.72 earlier today but has climbed all the way back to $33.11, down just 2.4% after falling more than 9%.
Blogs
NASDAQ/S&P indices extend to new intraday highs
S&P index moves to the black. Nasdaq up about 28 points The S&P index and NASDAQ index both tick to new intraday. The S&P index moved to a high price of 2949.04. That took the index up 0.53 points on the day.
Major European indices are ending the day little changed.
Italy's FTSE MIB bucks the trend with a 1.2% gain
USDCAD backs off after move above 61.8% fails
Seeing some upside apprehension The USDCAD trended higher today with gains starting in the Asian session after the price moved above its 100 hour MA (blue line).
GBPUSD gives back more than half of the earlier week gains
Last week the price fell for 5 consecutive days. This week 2 day rally followed by 3 days lower The GBPUSD is working on its 3rd day with declines cents peaking on late Tuesday at 1.22954.
AUDUSD moves to new lows and looks to the next cluster of support
50%, 200 hour MA and 100 day MA The AUDUSD is moving to a new day low and in the process is starting to test the next cluster of support including the: The bearishness today got going after breaking a upward sloping trendline (from a triangle formation) and then the 100 hour moving average (blue line). Since breaking [&he
Major indices open with modest changes from the close yesterday
US stocks mixed in early trading The US stock market is now open for the Friday before three day Memorial Day weekend, and the major indices are trading mixed and little changed.
USDJPY between the 100 and 200 hour MA ahead of the opening
Stocks set to open near unchanged As the US stock market is looking to open near unchanged levels, the USDJPY is trading up to test its 100 hour moving average currently at 107.584. Earlier today, the pair fell below the 200 hour moving average at 107.362 but could not muster momentum through recent swi
EURUSD continues the run lower today and runs into the 50% retracement
Swing area and rising 200 hour MA Today's fall gathered more downside momentum on a break below the 100 hour MA, and then the 38.2% retracement. The fall, however, has stalled over the last 4 or so hours as the price tested the 50% retracement at 1.08909, the swing area at 1.0884 to 1.0896 (yellow […]
EUR/USD upside momentum begins to wane as buyers lose near-term control
EUR/USD continues to back away after a failed attempt to move above 1.1000 See here for global coronavirus case data The move higher this week managed to get above the 100-day MA (red line) but buyers could not do more to to break above 1.1000 or to test the 200-day MA (blue line) @ 1.1014.