Modest changes seen at the opening The premarket for US stocks has been up and down. At the start of the North American session, futures moved to the downside. They have since started to move back to the upside and are trading marginally higher around the unchange level. In other markets: spot gold is trading down […]

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Pair runs away from 100 hour MA The USDJPY stayed in a downward channel trendline yesterday and continued that moved to the downside today (see the hourly chart below).  The low for the day – reached in the early European session – stalled against the lower channel trendline AND the rising trend line on the hourly chart. The intersection of […]

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Swing low area comes in at 0.71319 to 0.71367 The AUDUSD has reversed lower in trading today.  The run to the downside started after a brief and unsuccessful break above its 100 hour moving average (blue line in the chart above) at 0.7209.  The inability to move higher turned the buyers from the break above, into sellers on the failure.  […]

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The JPY is the strongest and the EUR is the weakest. London/European traders have just left the buidling for the weekend.   As they exit, which currencies have done well this week and which not so well?   The strongest of the majors is the JPY.  It rose the most vs the EUR (+1.28%) and the least […]

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What levels are in play for the EURUSD The EURUSD this week, moved up on Monday and Tuesday and in the process moved to the highest level since May 2018.  The high price reached 1.1965.    Looking at the hourly chart below, the price cracked above a topside channel trendline in the process, but failed on […]

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Down $0.48 or 1.12% The price of WTI crude oil futures settle that $42.34. The last 7 weeks have settle between $42.02 and $40.27.  Week ending Fri 3 July: $40.65 Week ending Fri 10 July: $40.55Week ending Fri 17 July: $40.59Week ending Fri 24 July: $41.29Week ending Fri 31 July: $40.27Week ending Fri7 August: $41.27Week ending […]

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The price is above the all-time high close the S&P index is making new session highs at 3396.86. That has pushed the price above the highest all-time closing level of 3389.78. The all-time high price reached 3399.54. The Dow is also trading at new session highs. It moved up to a high price of 27931.26 and […]

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S&P index closes above the 3000 level for the 1st time ever Its the Triple Crown. All three of the major US stock indices closed at session highs. For the S&P index, it is closing above the 3K level for the very first time after toying with moves above on Wednesday and Thursday only to […]

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