The major US indices are up for the 2nd consecutive day. Yesterday, the NASDAQ index soared by 3.43%. The S&P index increase by 2.65%. Today the border indices are tacking on additional gains of 2.25% or more.
A snapshot of the market currently shows
- Dow industrial average up 605 points or 2.0% at 30785
- S&P index up 83 points or 2.26% at 3761.35
- NASDAQ index rose 289.2 points or 2.7% at 10962
- Russell 2000 up 42.82 points or 2.41% at 1777.58
looking around other markets:
- spot gold is up $5.65 or 0.35% at $1655
- spot silver is up $0.21 or 1.15% at $18.85
- WTI crude oil is trading at $84.55 or -1.06%
- Bitcoin is trading at $19,638
in the US debt market:
- 2 year yield 4.415%, -0.4 basis points
- 5 year yield 4.191%, -4.6 basis points
- 10 year yield 3.99%, -2.5 basis points
- 30 year yield 4.027%, +1.1 basis point
In the forex market:
- EURUSD is testing its high for the day and back above the 200 bar MA on the 4-hour chart at 0.9860. The pair is in a swing area that has a high at 0.9877. Get above that level and the bullish bias increases with the 0.9900 level as the next target (see daily chart below).
The NZD is the strongest and the GBP is the weakest.
This article was originally published by Forexlive.com. Read the original article here.