AUD/USD analysis The Australian dollar perked up earlier today, hitting 0.7617 but it’s given it all back on USD strength due to rising yields. It’s now trading flat on the day at 0.7585. For me, this is the most-interesting chart at the moment because it captures the uncertainty in the US dollar, risk appetite and
Technical Analysis
Nasdaq 3 day string of record closes snapped The US major stock indices are closing mixed with the Dow leading the way. The S&P closed higher for the 2nd consecutive day. The Nasdaq snapped it’s three day of record closes with a modest loss. S&P index rose 14.33 points or 0.34% at 4280.81 NASDAQ index
Swing area between 19.6976 to 19.71377. The Mexican central bank raised rates somewhat unexpectedly 24.25% from 4.0% yesterday. The move sent the USDMXN sharply lower (MXN higher). However support held near a swing area between 19.6976 to 19.71377. The price low reached 19.7067 and bounced (see post from yesterday). The rebound could only get near the midpoint between the 200 bar moving average
Dow rises over 300 points and leads the way with a gain close to 1% The major indices saw solid gains across the board with the Dow industrial average leading the way after Pres. Biden and a group of 20 centrist senators agreed on a $1 trillion infrastructure plan. The NASDAQ and S&P index both closes higher and at
The 38.2% retracement and 200 hour moving average being tested The AUDUSD is trading to a new session high in the process is running into topside resistance defined by the 30.2% retracement of the move down from the June 11 high. That level comes in at 0.75902 and the falling 200 hour moving average currently at 0.75935. The high price just
The 100 day MA and the 50% retracement stalled the rally today The price of gold has move negative on the day and in the process traded to a new session low of $1777.28. The high for the day reached $1794.98. Looking at the daily chart, the high for the day stalled near its 100 day moving
NASDAQ making new all-time highs. S&P getting closer to its all-time high price of 4257.16 The US stocks have opened with modest gains and are moving higher in early trade. The NASDAQ index is trading at a new all-time high price. The S&P index is getting closer to its all-time high price at 4257.16. Yesterday gains were led by
Major indices higher. S&P falls short of it record high The NASDAQ index is closing at a record high level. The new intraday all time high price reached 14269.77. The S&P index got to within two points of its all-time record high at 4257.11. The high price reached 4255.84. A look at the closing levels shows: S&P index
S&P unchanged, NASDAQ up marginally, Dow down marginally The major indices are trading mixed in early New York trading. A snapshot of the market currently shows: S&P index -0.40 points or -0.01% at 4224.39 NASDAQ index up 7.7 points or 0.05% at 14149.18 Dow -33.48 points or -0.10% at 33843.49 In other markets, as trading gets underway shows: Spot gold
Dow up nearly 600 points as Fed concerns ease a bit. All the major indices are closing higher on the day led by the Dow industrial average which rallied near 600 points. Stocks were supported by less hawkish than expected comments from Feds Bullard and Kaplan. S&P rises for the first time five trading days S&P
Nasdaq lower. Dow and S&P higher The NASDAQ stocks are moving lower in early New York trading as Kaplan and Bullard are to start their economic Outlook discussion. Bullard turned more hawkish on Friday. Kaplan has already been one of more hawkish Fed members. A snapshot of the market currently shows: S&P index up 11.66 points or 0.28% at 4178.11 NASDAQ
Big fall today and down for the week The major European indices are ending the week on a sour note with big declines on the day. For the week the indices are also lower. Looking at the provisional closes: German DAX -1.9% France’s CAC -1.5% UK’s FTSE 100 -2.0% Spain’s Ibex -1.9% Italy’s FTSE MIB -1.8% For the week, the indices are
Midpoint comes in just below 0.9200 The USDCHF has extended higher in trading today with the overall dollar bullish bias. The move has extended the price above the 50% midpoint of the range since the April 1 high. That level comes in just below the 0.9200 level at 0.91987. If the price can stay above that level, the
Lows at 0.69405 and 0.69446 broken today The NZDUSD has continued its move to the downside over the last three days and in the process has dipped below the March swing low at 0.69405 and the April 1 swing low at 0.69446. The low price today reached 0.69223. The price is currently training 0.6936. Last week, the price move below its
Up $0.60 or 0.84% The price of WTI crude oil futures are settling at $71.64. That is up $0.60 or 0.4%. The price last Friday closed at $70.79. So for the week, the price is up $0.85. The high for the week was on Wednesday at $72.96. The low for the week was yesterday at $69.76. Technically, in
Dow down for the fifth consecutive day The major US indices are selling off into the close with the S&P and Dow industrial average near the lows for the day. The Dow closed lower for the fifth consecutive day S&P closes lower for the fourth straight day Dow has its worst week in 2021 Dow has
Third day of gains for USD/CAD The combination of US dollar strength on a hawkish Fed and plummeting commodity prices have led to a rapid rise in USD/CAD. The pair touched 1.2399 today, which is the highest since April 27. There’s a downtrend in play along wit hthe old low from March and the 100-day
Russell 2000 fell The major US indices are closing the day mixed. The Dow industrial average was the worst performer. The NASDAQ index was the best performer Technology +1.17% Healthcare +0.8% communication services +1.49% financials -2.93% energy -3.49% materials -2.2% Highlights: Dow closes down for the fourth straight day Longest losing streak since January for