Moves above and away from the 200 hour MA The price of crude oil futures have search to the upside with the price moving above the $25 – make that $26 …err $27 a barrel level the 1st time since March 20.
Blogs
USDCAD races up to the 50% retracement and backs off
The 100 and 200 hour MA broken earlier The USDCAD has raced up to the test the 50% retracement and backed off . That level came in at 1.42935. The high price reached 1.42975 but could not sustain momentum.
US stocks trading trading little higher in early US trading
The major indices are off higher pre-open levels Five minutes into the new trading day the major indices are trading higher. A snapshot of the major indices currently shows:
USDJPY is staying near lows as consolidation continues
The 107.00 level stalls the fall so far today The USDJPY did move above a topside trend line in the Asian session (at 107.16 at the time), and it did lead to some corrective buying. However, the high at 107.56 did stall ahead of the 38.2% of the last move down from the March 31 […]
The GBPUSD remains in consolidation range and awaiting a shove
Ceiling remains 1.24717 to 1.24840 The GBPUSD remains in a consolidation range and waiting a "shove" from the market one way or the other. The swing hi from a week ago reached 1.2484. The high from Tuesday's trade reach 1.24717. Today the high price extended to 1.24739 – between those
EURUSD tests a cluster of support on the hourly chart (and breaks)
The 1.0887 to 1.0896 area is home to a number of technical levels. As I type, the lower end of that ranges being tested at 1.0887. A break below would open up the door for further downside.
Gold cracks above $1600 and runs higher
High reached $1608.67 The price spot gold cracked back of the $1600 level and ran to the upside. The price moved up to a high of $1608.67, and as backed off already to $1604.78 currently. The price moved above its 100 hour moving average at $1604
The NZD is the strongest and the EUR is the weakest as NA traders enter
The USD is mixed As NA traders enter for the day, the NZD is the strongest and the EUR is the weakest. The USD is mixed. The volatility in the major pairs and crosses have declined dramatically vs the relative price action. Stocks are rebounding. Oil is higher and helping. The markets will have to […]
AUD/USD holds just above 0.6100 but near-term price action remains trapped
AUD/USD keeps higher but unable to break above the 100-hour moving average ForexLive The aussie had a bit of an in trading yesterday, where it caught a wild bid all the way from 0.6070 to just above 0.6180, likely caused by some liquidity air pockets.
GBP/USD keeps higher as buyers defend key near-term bias, but more is needed
GBP/USD pushes to session highs for the day at 1.2435 ForexLive The pair is inching a little higher on the day, up by about 0.5% but has been largely consolidating between 1.2300 to 1.2500 for the most part over the past few days.