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Dollar continues its move higher As North American traders enter for the day, the USD is leading the charge as the strongest of the major currencies, while the AUD is the weakest.   Stocks are a little lower in pre-market trading.  Yields are lower after an down and up day in the 10 year yields yesterday

AUD/USD falls back towards the 0.6100 level ForexLive The pair got a mini-flash crash earlier in the day in a fall to 0.6078 before quickly rebounding towards 0.6200 but has been steadily grinding lower in the European morning.

The greenback is leading gains in the major currencies space ForexLive The dollar is continuing its good form to start the week as it is maintaining decent gains in the European morning session, with EUR/USD slowly creeping towards session lows now.

EUR/USD flirts with a firm break below the 1.1000 handle ForexLive The pair fell in overnight trading to break below the 200-day MA (blue line) and kept lower to firmly break the 100-day MA (red line) as well in trading today.

USD/JPY still searching for a clear technical direction this week ForexLive The pair hit a high of 108.72 amid the spike in the early morning but backed off and now price is trading around the 200-day MA (blue line) @ 108.34.

Broad indices move up over 3% on the day The US stocks moved up to a new session high but backed off just a bit into the close.  It was still a solid day higher.

Break above intraday ceiling and trend line. Tests 100 bar MA on the 5- minute chart Getting back above each moving averages would give buyers more confidence. Earlier in the New York session that 100 day moving average was tested and found sellers leaning against it.

The low comes in at 1.1009 The EURUSD fell below the trend line and the 100 day MA (at 1.10427), and has stayed below those levels (no closes above the 100 hour MA or underside of the broken trend line). The sellers have created intraday bottom at the 1.1009 -11 area. There are now 4 hourly bars […]

Nasdaq leading the way The US stocks are trading to new session highs led by the Nasdaq index. A snapshot of the major indices currently shows: The good news technically for the bulls/buyers is that the price remains above its 100 hour moving average which is down at 7393.68 currently (blue line in the chart abov

Waiting for a break and run The GBPUSD is trading in it's own up and down trading range today. Along the way, the highs have been lower (Asian high is higher than the London/NY highs), and the lows have been higher as well (see upward and downward trend lines).