Technical Analysis

Traders push the price below the 200 hour MA and trigger stops. The break has triggered stops which touch the price to a new session low at 1.12329.   The flip below the support, also flips the bias more to the downside now (below the 200 hour MA). The price is also below the midpoint of

The NASDAQ index remains above its all-time high US stocks have retreated off of their high levels that are trading at new intraday session lows.  The spike in the Florida coronavirus cases started the retreat off the highs. The NASDAQ as a just moved to a session low of 10222.90. But just barely For the NASDAQ

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Stock is up 190% In 2020 The price of Tesla continues to soar. Today shares are up around 8.1% to $1210 after the automaker said it delivered about 90,650 vehicles in the second quarter. That handily beat the 72,000 estimate.   The run higher has pushed the price up around 190% for the year (what coronavirus recession?).   It has also

NASDAQ closes at a new record high Tthe US stocks are ending the session higher, but well off the highs for the day. The major indices got a boost from the much better-than-expected nonfarm payroll report. However gains were limited after Florida reported record coronavirus cases (over 10,000). Late day selling took the prices of

Bounces off the MA line The GBPUSD fell to a new session low, but was able to find the support buyers against the 100 day MA. That MA comes in at 1.2458. The low reached 1.24585. Staying above the level keeps the dip buyers in the game. A move below, however, and we should see

NASDAQ index rises 0.95% on the day the broader market indices are closing higher. The Dow industrial average over lagged and closed lower. The NASDAQ index closed at a record level the NASDAQ and S&P have been up for 3 consecutive days The Dow lagged with Walgreens, Exxon/Mobil and Bank of America leading the way to the downside

The bulls continue to march higher the S&P index and NASDAQ index have extended to new session highs. The Dow industrial average still lags a bit but is moving up toward its intraday high. S&P index up 22.69 points or 0.73% at 3122.82. The high price just extended to 3123.92 the NASDAQ index is up

A bid day higher caps off a great quarter for the Nasdaq As the clock ticks to a close, the NASDAQ index is up 2% on the day. For the quarter, the index is up an impressive 30.89% which leads all the major indices .  The high for the month reached 10221.85 last week which

100 day MA at 107.903. The 50% is at 107.913 The USDJPY price is still hanging around the 100 day MA at 107.903. The 50% midpoint of the trading range since May low is at 107.913.  The current price is at 107.86 – just below those levels.  Drilling at the hourly chart below the price

The greenback is softer across the board to start European morning trade It is still early in the day but dollar weakness is one of the early themes emerging over the past few hours, even as the risk mood keeps more cautious for the time being. US futures are still hovering around flat levels but

EUR/GBP pushes above 0.9100 to its highest levels since 26 March For bank trade ideas, check out eFX Plus The pair is continuing to ride the momentum from the upside break towards the end of last week, with buyers shaking off daily resistance from the 29 May high @ 0.9055. The pair is now posting

Last week they closed additional stores in Florida and Arizona Apple is announcing that they will close 7 stores in Houston amid the rising coronavirus spike in that city. Recall last week they announce the closing of stores in Florida, South Carolina, North Carolina and Arizona. Stocks have dipped on the headline.

EUR/USD falls back under its key hourly moving averages For bank trade ideas, check out eFX Plus The pair is just trading in a 23 pips range so far today but is holding around 1.1240 levels currently, as sellers are keeping near-term control on a push under the key hourly moving average @ 1.1254-57 earlier

GBP/USD bounces off earlier lows near the 1.2400 level For bank trade ideas, check out eFX Plus The pair was testing support near 1.2400 at the start of the session with stocks opening lower but amid the risk recovery in the past hour, the pair has bounced back to session highs of 1.2464 as dollar

The price action today is very much a repeat of trading yesterday For bank trade ideas, check out eFX Plus With US stocks continuing to show resilience to the unsettling coronavirus headlines in the country, it is making for some rather cautious and indecisive tones in the market. That is seeing major currencies keep little

The pair is struggling for firmer direction in trading today For bank trade ideas, check out eFX Plus The pair is still trading narrowly within a 25 pips range today, with the low touching 1.1205 earlier before moving to around 1.1230 in the past hour. Despite US futures keeping softer with S&P 500 futures down

USD/JPY is still going nowhere though For bank trade ideas, check out eFX Plus The yen is slightly firmer across the board on the session as we are seeing markets adopt a more cautious tone still with US futures down by about 0.5% to 0.8% at the moment, with 10-year Treasury yields also lower by