Trades around 200 hour MA again The USDCAD peaked at 1.25474 recently and backed off. That hi was just short of the 50% midpoint of the move down from the March high the March low at the 1.25503 level. Patient risk focused traders leaned against the level (risk could be defined and limited). The price has moved back down toward
Technical Analysis
EURUSD makes a new week low but bounces The EURUSD made a new low in early NY trading after the Nasdaq made a new low in early trading. SInce then, however, stocks rebounded with the S&P now in positive territory. THe NASDAQ moved up 0.8% (currently up 0.73%). The EURUSD moved back above a swing area between 1.1881 and 1.18857 and continued their
Mixed results for the week The major European indices are ending the session lower. For the week, the results are mixed: German Dax, -0.9% France’s CAC, -0.8% UK’s FTSE 100, -0.9% Spain’s Ibex, -1.2% Italy’s 50 MIB, -0.65% For the week, the provisional closes are showing: German Dax, +0.8% France’s CAC, -0.55% UK’s FTSE 100, -0.6% Spain’s
CFTC Commitments of Traders: JPY long switched to short (dollar long). Dollar buying against all other currencies. Coming Up! Title text for next article LON SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 16, 2021 EUR long 90K vs 102K long last week.
Nasdaq higher. S&P and Dow lower The rotation out of the Nasdaq and into the S&P and Dow was reversed today. The Nasdaq is the big winner. The Dow is the big loser and the S&P is in between those two indices. Russell 2000 has its worst week since January NASDAQ has its 4th weekly loss
The dollar is holding up decently so far in European trading The greenback was mildly softer early on but is now keeping steadier as we navigate through some light push and pull in European morning trade today. Of note, EUR/USD is moving to session lows of 1.1891 and that puts some focus on the week’s
Nasdaq breaks 3 day up streak The US stocks are closing near the session lows with the Nasdaq leading the way. The tech heavy Nasdaq plunged over 3% lower and snapped a 3 day up streak. The other indices all closed lower as well. The final numbers are showing: S&P down -58.66 points or -1.48%