Nasdaq leads the way lower The major US stock indices are going out near/at session lows. The S&P index is disappointed that it could not remain above the 3000 level. The Dow was up 120 points at the highs. Below are the closing levels (or close enough): The S&P index 12-18.49 points or -0.62% 2976.62.
CFTC Commitment of Traders: GBP shorts remain the largest speculative position Coming Up! Title text for next article Technical Analysis Forex futures positioning data among non-commercial traders for the week ending July 16, 2019 EUR short 31K vs 36K short last week. Shorts trimmed by 5K GBP short 76K vs 73K short last week. Shorts increased by
S&P index fails on reach above 3000 today (so far) The broader US stock indices have turned negative on the day as London/European traders look to exit. A snapshot is showing: S&P index down -2.55 points or -0.09% Nasdaq index down -6.44 points ro -0.08% The Dow is still up 30 points or 0.11% The
The pound is also losing a little bit of ground to start the session ForexLive And that is seeing cable move to a session low of 1.2515 as sellers are starting to try and gather more momentum for a move back towards the downside. Currently, price is running into some minor support around the 23.6
Dow ekes out a small gain at the close. S&P index almost makes it to 3K but falls short The major US stock indices of closing the day with gains. The Dow eked out a small gain at the close. The S&P index was the largest percentage gainer, reaching a high of 2998.28, just short
Nasdaq is testing the MA level The S&P index has cracked below its 100 hour MA at the 2978.96. The low reached to 2973.09. We currently trade at 2974.77. For the NASDAQ index, it too is selling off and trades near its low for the day at 8135.125. It’s 100 hour moving out is currently
But is the optimism misguided? ForexLive The pound is posting modest gains on the session following Barnier’s comments with the high touching 1.2472 as price makes its way towards the key hourly moving averages. The headline from Barnier’s remarks sound pretty but he also stated that there is no “easy solution” to the border issue
Earlier gains erode. S&P index back below the 3000 level The major US indices are closing near session lows. There is a late day report that US/China talks have stalled as the US tries to figure out how to deal with Huawei. The final numbers for the major indices are showing: S&P index down -19.63
USD moves lower The AUDUSD is following the USD lower and trades to a new high and in in the process of moving above its 100 hour and 100 day averages at 0.70126 and 0.70165 respectively. Those levels are now risk for longs/buyers. The USD is also trading at new lows vs the EUR, GBP,
NZD/USD moves to a session high of 0.6720 ForexLive The kiwi is a little bid on the day with NZD/USD pushing higher on the session but it’s the same old story as it has been sine the start of the week. Price is once again flirting with a break above the 200-day MA (blue line)
GBP/USD down a 100 pips Candidates to take over from Theresa May ramped up no-deal Brexit talk in the final stretch of the leadership race. Both Hunt and Johnson today said the Irish border backstop will need to be scrapped. That’s a thorny issue that has never come close to a solution that could be
NZD/USD falls back towards the 200-day moving average ForexLive The greenback is holding firmer on the session as we see NZD/USD surrender its earlier gains and falls back towards lows for the day, near the 200-day MA (blue line) @ 0.6717. The pair had earlier climbed to a high of 0.6738 and hovered around 0.6730-35
Cable inches a little lower, falling below the 1.2500 handle now ForexLive Price falls to a near one-week low of 1.2493 as the pound loses some ground to start the European morning. There aren’t any fresh headlines driving the bit-part decline but the overall sentiment for the quid remains murky with Brexit uncertainty still prevailing.
Gold “has room for at least one more rally” Goldman Sachs technical analysts suggest adding topside exposure to gold if prices fall into the $1402-$1407 range (spot $1412) for a minimum target of $1465 with the scope for a rise to $1513 and risking no lower than $1386. “It’s now evident that the market is
USD/CHF touches its lowest level since 1 July The dollar is easing just a fair bit with EUR/USD up to a session high of 1.1284 (though trading in a 20 pips range) and USD/JPY also slipping back to 107.80 levels from around 108.05 earlier. In turn, we’re also seeing USD/CHF fall back to the 50.0
NZD/USD is hovering just above its 200-day moving average ForexLive The pair is trading up to a session high of 0.6723 now and is holding just above the 200-day MA (blue line) @ 0.6716. If buyers successfully manage a break above that, it will shift the bias in the pair to be more bullish again.
S&P index closes above the 3000 level for the 1st time ever Its the Triple Crown. All three of the major US stock indices closed at session highs. For the S&P index, it is closing above the 3K level for the very first time after toying with moves above on Wednesday and Thursday only to
Forex futures positioning data among non-commercial traders for the week ending July 9, 2019. EUR short 36K vs 31K short last week. Shorts increased by 5K GBP short 73K vs 64K short last week. Shorts increased by 9K JPY short 4K vs 1K short last week. Short increased by 3K CHF short 10k vs 11k short last week.
100 hour MA stall point at lows. Gives buyers a reason to buy The price of gold started the day testing its 100 hour MA (blue line). After a modest bounce, there was another look at the MA level where buyers showed up again. Holding – and the lower dollar – has been the catalysts
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Up 0.02% The price of WTI crude oil future are settling the day (and week) by the smallest of margins. The price is up 1 cent or 0.02% at $60.21. The high for the day reached $60.74 The low extended to $59.93. Technically, the price moved above its 200 and 100 day MAs at $58.32
Dollar falling into the weekend The AUDUSD is stretching to a new session high and in the process is looking to test the 100 day MA at 0.70208. The pair today bottomed at the start of the session against the 100 bar MA on the 4-hour chart, MOved above the 200 hour MA and retested
The earnings calendar for the next two weeks The major stock indices are trading near the highs for the day, and baring an afternoon’s swoon, the major indices are also on pace for all-time record high closes today. Those highs are coming into the earnings season where if you are to believe the Fed
S&P trying to leap above 3000 for the 3rd day in a row The major US stock indices are opening marginally higherr with each of the indices looking to push for new record levels today. A snapshot is showing: S&P index +3.32 points or 0.11% at 3003.24 NASDAQ index +12.2 points or 0.15% at 8209
AUD/USD holds near session highs at 0.6998 currently ForexLive The pair is continuing to benefit off a weaker dollar in the second half of this week as price now moves closer towards the 0.7000 handle today. There are noted offers around the area but buyers should instead be wary of the key levels just above
S&P fails on 2nd try above 3000 but still closes at a record. The US stocks are ending the session mixed. The Dow closed up 227.74 points or 0.85% at 27088. The index breached the 27,000 level for the first time ever and makes the close a record The S&P index closed up 6.82 points
S&P testing 3000 again The US stocks are opening the gains. The S&P is trading at 3000 level once again. The Nasdaq is trading higher after the record close yesterday. Anything positive will be a new record of course. THe snapshot is currently showing: S&P index up 6 points or 0.21% at 2999.5 NASDAQ index
Gold is among the main beneficiaries from dovish remarks by Powell ForexLive Following the release of Powell’s testimony yesterday, gold shot up sharply and moved above its key hourly moving averages and also back above the $1,400 handle. That saw buyers regain near-term control and are extending the move higher in trading today. Price is
Major indices all closing higher The major indices in the US are closing higher with the Nasdaq closing at a new record high. The S&P index traded above the 3000 level for the first time ever, but backed off that level. It is still closing higher on the day. The Dow snapped a 3 day
Powell dovish comments are catalyst for the move higher The US major stock indices were projecting a lower opening before prepared text from Fed Chair Powell. His dovish slant, has reversed that trend and US major stock indices are opening with decent gains. A snapshot of the market at the moment currently shows: The S&P