Technical Analysis

AUD/USD down to 0.7355, its lowest since 13 October Things are certainly getting interesting for the pair, at least from a technical perspective, as the aussie continues to fail to gather much support following the RBA last week. The rejection at the 200-day moving average (blue line) coupled with a more dovish message by the

Trades to highest level since November 2 The price of WTI crude oil futures are trading at the highs for the day. The price just reached $83.78. That’s up about $1.58. The price is the highest level since November 2.  Looking at the hourly chart, the low price from yesterday’s trade tested its 100 hour moving

USD/JPY down 0.4% to 112.70 levels on the day Invest in yourself. See our forex education hub. There was a shove lower late yesterday and sellers are working with that as bond yields also retreat rather strongly to get the new day going. 2-year Treasury yields are down 3.4 bps to 0.415% while 10-year yields

Major indices in Europe and the session with mixed results The major European indices are ending the session with mixed results.  The provisional closes are showing: German DAX, flat France’s CAC, +0.2% UK’s FTSE 100, flat Spain’s Ibex, -0.6% Italy’s FTSE MIB -0.25% In the European debt market, the benchmark yields are mixed with marginal changes.

The price of the USDJPY has been confined in a up and down range for nearly 4 weeks.  The USDJPY has been mired in an up and down trading range since October 12 between 113.21 (apart from two hourly bars) and 114.691.  This week the high on Monday spiked above a swing area between 114.03

A look at CAD/JPY Long yen crosses has been a great trade since late August but the push back from central banks led to a retracement this week. Is it a blip or something more? The moves in bond markets have been dramatic but in yen crosses that’s not the case, perhaps in large part

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

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

The 11 day up and down range broken to the downside today The NZDUSD has been mired in a up and down trading range over the last 11 days. The low of that range came in at 0.71293. The high was at 0.72179 (88 pips in total).  Something had to give. The the price cannot just stay

AUDUSD hangs near highs  The AUDUSD last week reached up to test its 200 day moving average near 0.7555. The high prices on both and Thursday and Friday reached 0.75549. Sellers leaned against key resistance, and the price wandered to the downside The move lower on Friday stalled right against its rising 200 hour moving average

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