Technical Analysis

EUR/USD is up 0.3% just above 1.2070 on the day The pair managed to lean on some swing region support @ 1.2020-24 amid the drop yesterday with the daily close keeping above the 61.8 retracement level of the recent swing move higher this month @ 1.2035. The turnaround today comes as the dollar is seeing

Record close for the industrial 30. NASDAQ index lags. S&P near unchanged The Dow industrial average is leading the way for the 2nd consecutive day. The index is also closing at a record level for the 2nd day in a row and is up 3 days in a row.   The S&P index is closing near unchanged. The NASDAQ index

Gold falls to a low of $1,784.75, its lowest level since 1 December Invest in yourself. See our forex education hub. The technical picture for gold has been looking rather iffy as of late and we are perhaps seeing the makings of another flush lower after failure to break above the 200-day moving average (blue

S&P and Nasdaq (and Russell 2000) trade lower The Dow close at a record level. The other indices made new intraday all-time highs but close lower on the day. A snapshot of the final numbers shows: Dow industrial average, +63.36 points or 0.20% at 31521.76. The new all time high reached 31608.63 The S&P index closed down

No reprieve for the dollar so far this week The greenback continues to keep in a more vulnerable spot, with EUR/USD climbing to near three-week highs just above 1.2150. Elsewhere, GBP/USD continues to chase towards 1.4000 while AUD/USD is up to test the highs for the year around 0.7805 earlier. Despite higher yields, the dollar

Silver trades at the highs for the day ahead of North American trading Invest in yourself. See our forex education hub. With gold looking rather underwhelming to start the year, plenty of attention in the precious metals space has turned to silver (and platinum) – especially with the recent run in the former towards $30

The dollar is weaker as we get things going in European trading The greenback managed a brief reprieve in Friday trading but saw gains evaporate as it keeps in a more vulnerable spot this month – even as yields track higher. Cable is on staying on course towards 1.4000 while EUR/USD is now starting to

Italy’s FTSE MIB the biggest gainer The European shares are ending the session higher but with mixed results. The provisional closes are showing: German DAX +0.02% France’s CAC, +0.6% UK’s FTSE 100, +0.8% Spain’s Ibex, +0.2% Italy’s FTSE MIB, +0.4% For the week, the results were mixed with Italy’s FTSE MIB and UK FTSE the biggest gainers (cheering on Draghi government

Crude sizzles higher So much for the mini-correction in oil. WTI crude oil is now up $1.08 on the day to $59.34. It traded as low as $57.41 earlier. Brent sailed through $60 this month and is now testing $62. Will WTI be the next? If today’s candle holds that bodes well on the technical

The earlier fall below the 100 hour MA could not be sustained. Sellers turned to buyers. The AUDUSD is looking toward the week’s trading high after snapping back higher on a failed break of the 100 hour MA earlier today (see blue line in the chart below). The high for the week comes in at 0.7771.

Dow industrial average is still negative on the day The S&P and the NASDAQ index is back into the red, joining the Dow industrial average with a little lower in our to go in trading. For the week, the major indices are up marginally: S&P index is up 0.77% NASDAQ index is up 1.24% Dow

Follows USD lower and oil prices The USDCAD just a few hours ago was testing and breaking above its 200 hour moving average for the 1st time since February 5. The the high price extended up to the low of a swing area between 1.2762 and 1.27645. The 50% retracement of the move down from February 2

Dow industrial average and near unchanged. S&P has a modest gain the major stock indices are ending the session with mixed results: S&P index rose 6.48 points or 0.17% to 3716.35. The high reached 3925.99. The low extended to 3890.39 Nasdaq moved higher into the close and closed up 53.239 points or 0.3% at 14025.77. The high reached 14058.91. The low extended to 13916.84

Gold down, stocks down. dollar moves higher The markets are shuffling/shifting. US stocks have turned a negative on a rush to the downside.  Gold has turned lower The US dollar has moved higher from lower levels.  Looking at the USD. EURUSD has move down to test the closing level from yesterday at 1.2117. The low has reached 1.21209 so far.

S&P, NASDAQ, Russell 2000 all close lower on the day Looking at the major stock indices, the Dow industrial average is the only one positive. It also closed at a record high level. Other highlights for the day included: The S&P fell for the 2nd day in a row The NASDAQ index snapped a 4 day

Down on the day after move above topside swing area yesterday failed The NZDUSD yesterday moved to the highest level since January 8 when it breach the 0.7247 swing high level from January 26. That’s the bullish news, the not so bullish news is the price can only extend to 0.72535 on the break. That is not a

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France’s CAC unchanged. UK’s FTSE up marginally The European shares are ending the session lower. The exceptions are France’s CAC which is closing near unchanged levels for the day. The UK’s FTSE 100 is up marginally by 0.13%.  The provisional closes are showing German DAX, -0.38% France’s CAC, unchanged UK’s FTSE 100, up 0.13% Spain’s Ibex, -1.2%