Technical Analysis

Gold lower. Yields higher.  Stocks at records.  USDJPY and USDCHF at key levels The fear trades are evaporating in the markets today: Spot gold is down $22 now and trading at session lows at $1468.43. The precious metal broke below its 100 day moving average for the 1st time since May 31 (blue line in the chart
Unemployment rate ticked higher  The New Zealand employment statistics were released just before the close of trading yesterday.  The employment rate moved up to 4.2% from 3.9% in the 2nd quarter. The expectations was 4.1%.  The other pieces of the report came in as expected with the  employment change 0.2% QoQ.  The employment change at 0.9% YoY, and  wages including and
Major indices closed the day with modest gains The major European indices are starting the week with modest gains. The provisional closes are showing: German DAX, +0.49% France’s CAC, +0.3% UK’s FTSE 100, +0.2% Spain’s Ibex, unchanged Italy’s FTSE MIB, +0.4% in the European debt market, yields have climbed higher.   The France moved closer to the 0.0%
USDJPY 200 day MA at 109.033 The USDJPY has moved to another intraday high and in the process is testing its 200 day MA at 109.033. The high price (bid side) has reached 109.035.  Can the buyers keep the upside momentum going? Close risk for the buyers is the old high for the day/month at
A snippet via BNZ on the Australian and New Zealand dollars overnight: there has been some small outperformance of commodity currencies The NZD … A key line of resistance is at 0.6450, which was the mid-September peak.  AUD found some resistance at 0.6880 Also this on the central banks: Reduced global risks are seeing pricing