Up $0.65 or 2.78% The US crude oil futures are settling at $24.01. That is up $0.65 or 2.78%. The high for the day was up at $25.16. The low for the day fell to $23.09. Looking at the hourly chart below, the pair traded above and below the 100 bar MA at $23.75.
The 100 hour MA is at 1.0777 level The EURUSD has moved higher in the session today and in the process has been able to extend above its 100 hour moving average currently at 1.0775. The price has not traded above that 100 hour moving average since March 11. That shift today was the minimum to give the buyers more
Dow was down -960 at the lows The major indices close lower on the day. The Dow is on pace for the worst month since 1931. The major indices to close off session lows. The Dow was down -960 points and is closing down -597.94 points. Other indices had similar rebounds. The NASDAQ index tried to close higher, but gave up small
Stocks rocket higher The Fed came in and threw “all but the kitchen sink in” (they did not say they were buying ETFs or stocks). The Dow was down about 900 points over night. It is implying a gain of 417 currently (and changing rapidly). That is the good news. The not so good news
German DAX, +3.0% France’s CAC, +4.3%, UK FTSE +0.1% The European shares are closing the session higher, with the UK FTSE lagging: German DAX, +3.0% France’s CAC, +4.3% UK’s FTSE 100, +0.1% Spain’s Ibex, +0.9% Italy’s FTSE MIB, +1.4% After a few days of rising yields, the trajectory of rates push back to the downside
The price of the EURUSD has reached back to the lows for the day The EURSUD reached a low at 1.06518. The price moved higher into the London session but found sellers against the topside trend line. Since then, the price has chopped back to the downside. The price has just reached to a NY session low at 1.06536,
Lost over 100 pips over the last 20 minutes The GBPUSD is not taking the stimulus moves well. The price action is volatile but the price has moved down about 114 pips from the high. The price had been waffling around the 200 bar MA on the 5-minute chart. A ceiling was established around 1.1750
Below lower trend line on the weekly As the clock ticks to the close, the EURUSD is going out at the lowest level since the week of April 16, 2017. The dollar has beeen king this week, and that is the case with the EURUSD as well. Last Friday, the index closed at around 1.1100.
When you have -10% days, a fall of -4.35% doesn’t sound that bad The US stocks plunged once again today with the declines led by the Dow. Although sharply lower, a fall of over 4% does not sound so bad when we’ve endured -10% moves of late. What we know is the numbers are not
Oil continues to climb after a record-breaking day yesterday ForexLive The jump today could in part be due to dollar weakness as well but oil is finding some reprieve after a dramatic fall on Tuesday towards the $20 level. Prices jumped by over 20% overnight – but in dollar terms, it was only over $4
Nasdaq was down -1.88% at the lows, and up 5.03% at the high today The US stock indices are closing higher on the day but off the highs for the day. I guess you can say there well off the lows for the day too. The NASDAQ index was down -1.8% at the lows, and up 5.03% the highs.
Not the V-shaped rebound many would have in mind ForexLive The pair reached a bottom of 101.19 at the start of last week as coronavirus fears rampaged on and the yen was the flavour of the day at the time. Fast forward to this week, it has been a whole other story as the market
Big swings in the major indices Another down day with wild up and down swings. S&P index closed the day at 2398.10. That was down 131.09 points or -5.18%. The low for day took the price down -9.83%. The high for the day peaked at -2.99% for the day. NASDAQ index closed the day at
GBP/USD falls to a low of 1.1962, just shy of the 2019 low of 1.1959 ForexLive If the September 2019 low gives way, the post-Brexit referendum low @ 1.1841 awaits for cable and it could be a really slippery slope once that level gives way. Again, the technical picture continues to suggest a really painful
6% gains for S&P and Nasdaq. It is a Turnaround Tuesday for the major US stock indices. The summary of what was a wild swing day is showing: The S&P index rose 142.88 points or 5.99% to 2529.01. The low reached 2367.04. The high was up at 2553.93 The Nasdaq index rose 430.189 points or 6.23% to 7334.78. The low
EUR/USD looks for a firm break under its key daily moving averages ForexLive It looks like the blowup in funding pressures today is helping to settle the debate earlier in the day on which side EUR/USD may be looking to break out. As mentioned then, one of the moving parts is dollar funding pressures but
The low for the day is at 2401.57 The S&P is moving back lower as Pres. Trump’s speech is more focused on containing the virus 1 day ahead of St. Patrick’s Day. The S&P low for the day reached 2401.57 early in the trading day. The low just reached 2415.50. The price is now back
Gold falls back below $1,500 and tests its 200-day moving average ForexLive Gold is down by 1.8% on the day now as the ‘sell everything’ mood continues to grip the market over the past week. It has been a fall from grace for gold after hitting $1,700 as price now falls back to test the