Technical Analysis


GBP remains the strongest. The NZD is the weakest

As London/European traders exit for the day and the GBP remains the strongest currency today and the NZD remains the weakest. Compared to the NY opening, the GBP is little changed. Teh NZD has gotten weaker. The NZDUSD has moved to a new session low. 

The ranges have been extended for all of the pairs vs. the USD with the one exception being the AUDUSD. That pair remains in a narrow 30 pip trading range for the day. However, the extremes has seen the pairs back off too.  The % changes for the day are not much different than the changes at the start of the day.

The European stocks were mostly lower. The North American stock indices are higher but contained.  The Nasdaq and Dow are up 0.49%. The S&P is lagging at +0.28%

 

In other markets:

  • Spot gold news trading up about $1 at $1319.50
  • WTI crude oil futures are up $.30 or 0.44% at $71
  • Bitcoin on Coinbase is trading up $56 at $8771. The 100 day moving average comes in at $8819. That‘s a key level on the top side for buyers/bulls to get to and through
  • US yields are higher. 10 year 2.991%, up 2.2 basis points.  30 year 3.123%, up 1.9 basis points



Source link

Articles You May Like

Forex Training: Structure Trading and How To Read Price Action Movement
US economy continued to expand over the last few weeks.
10 year yield up, but needs one more push to get moving higher.
Ups and downs continue with the USDCAD today
House of Commons rejects amendment 80 to trade bill by 314 to 295

Leave a Reply

Your email address will not be published. Required fields are marked *