The price broke above the high from March 16 for the first time on Tuesday this week The Russell 2000 joined the stock market party this week by moving above the March 2021 high for the first time during Thursday’s trading. That high came in at 233.78 and although that level was tested in June
Technical Analysis
Price is closing lower on the week and gave up all the day gains The USDCHF is not ending on a happy note for the buyers as the week’s trading moves toward the close. The pair moved higher in the European morning session and in the process moved back above its 200 hour moving average for the first time since
NASDAQ up for the 10th consecutive trading day The major indices jumped higher on the stronger jobs report. Despite the stronger report, US yields moved down as follow-through buying in debt instruments after the FOMC decision are helping the tone: NASDAQ and S&P close at record levels for the seventh consecutive day Dow industrial average
The tumble yesterday continued The GBPUSD fell sharply yesterday from the week’s high at 1.36972 helped by the BOE decision which did not show the hawkish bias that the market was looking for. The price tumbled down to an intraday low of 1.34707, before rebounding back toward the 1.3500 level going into the close. In trading today, the Asian session
Dollar sits in a good spot after the gains yesterday The plunge in cable may have lent to some added bids in the greenback post-BOE but all in all, dollar bulls put in a good shift and now must “go for the kill”.Invest in yourself. See our forex education hub. That will be the key
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NASDAQ, Russell 2000 lead the way The major indices are all closing higher and at record levels as the Fed tapers but will take it’s time in taking away the punch bowl. The more rate sensitive NASDAQ and small-cap Russell 2000 index were the out performers. The NASDAQ index rose over 1% the Russell 2000
UK’s FTSE 100/Spain’s Ibex are lower The major European indices are ending the session with mixed results. The provisional closes are showing: German DAX, flat France’s CAC, +0.4% UK’s FTSE 100 -0.4% Spain’s Ibex, -1.0% Italy’s FTSE MIB +0.5% In other markets, as London/European traders look to exit shows: Spot gold is trading down $24.65 or
Russell 2000 sets the first intraday high since March A quadruple record close for the major indices. In addition to the Dow S&P and NASDAQ posting a record closes, the Russell 2000 index also joined the party with its own new all-time high. NASDAQ recorded its fourth straight record close Dow industrial average closed at a record
US session high stalls just below the 100 hour MA keeping the sellers in control In an earlier post, I spoke to the resistance against the 100 hour moving average (and 200 hour MA – blue and green lines), and support against the swing area between 1.1580 and 1.1586. Sellers leaned against the 100 hour moving average. The US
39th record close for the Nasdaq, 40th for the Dow and 60th for the S&P The three major indices closed at record levels once again. For the year, the NASDAQ closed at a record level for the 39th time Dow industrial average closed at a record level for the 40th time S&P index closed at a record
100 and 200 hour MAs at 113.88. 2018 swing high at 114.544 Current price between the levels The USDJPY has moved higher on the day and in the process moved away from its now converged 100 and 200 hour moving averages near 113.888. Those two moving averages have converged as the price consolidates between 113.21 and 114.69 (see
Amazon and Apple are still lower but the NASDAQ index has turned positive The NASDAQ index has erased its declined on the day and has turned positive. The index is currently trading up 8.37 points or 0.58% at 15456.89. The index at the lows traded to 15323.30. That took the price down 124.8 points or -0.81%. Yesterday the
Move higher today erases the decline after the BOC decision this week The USDCAD remains mired in the trading range that has the pair moving up and down since October 14. The high of the range over that time comes in at 1.24334. The low reached 1.2287. This week the high reached 1.24308 - just a few pips from the 1.24334 range high.
First close below MA since July 2020. With the EURUSD trading at 1.1554, the pair is on track to close the week below the 200 week MA. That MA comes in at 1.16657. Three weeks ago, the pair closed just above the MA level. Since then, the closing price for the week has been comfortably
Up $0.76 or 0.92% The price of WTI crude futures are settling at $83.57. The close was lower this week and the first negative week in 10 weeks. The high for the day reached $83.74. The low extended to $81.41. The price last week closed around $84.15. With the settlement at $83.57 this week, the contract
Dow industrial average closed at a record level as well taking out the October 26 high close the major indices all closed at record levels to and the month of October. S&P and NASDAQ post their best month since November 2020 Dow and S&P higher for the fourth straight week All 11 S&P sectors higher
Dollar buying kicks and above its 200 day moving average and swing lows from last week and Monday The USDCHF is also seeing strong dollar buying over the last hour as London/European traders look to exit. The push the upside got a shove on the break back above its 200 day moving average at 0.9148 and the swing lows