Technical Analysis

NASDAQ higher

The major US stock indices are opening mixed. The NASDAQ index is trading higher while the Dow and S&P are down on the day.

A snapshot currently shows:

  • S&P index -6.7 points or -0.22% the 3107.20
  • NASDAQ index +8.4 points or 0.08% at 9918.02
  • Dow -132 points or -0.51% at 25986

in the US debt market yields remain lower with the yield curve flattening:

  • 2 year 0.191%, -0.3 basis points
  • 5 year 0.326%, -1.7 basis points
  • 10 year 0.703%, -3.4 basis points
  • 30 year 1.481%, -4.8 basis points

in other markets:

  • spot gold is trading down $1.12 or -0.06% at $1725.83. The high reached $1738.15. The low extended to $1718.31
  • WTI crude oil futures are trading up $0.06 or 0.16% of $38.02 for the July contract. The always contract is trading up $0.05 or 0.16% at $38.27

In the forex market the GBP remains the biggest mover. It is the runaway weakest of the major currencies.   The JPY the strongest with the GBPJPY change of 1.18% the biggest change for the major currency pairs. The USD is mostly higher with gains vs. all the major currencies with the exception of the JPY. The USDCAD is also little changed on the day. 

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