Forex futures positioning data for the week ending March 24, 2020 EUR long 61K vs 32K long last week. Longs increased by 29k GBP long 11K vs 19K long last week. Longs trimmed by 8K JPY long 24K vs 33K long last week. Longs trimmed by 9K CHF long 5K vs 7K long last week. Longs trimmed by 2K AUD
Another big move in the last hour of trading The major indices are closing lower on the day after the late day rally fizzled out. Starting the last hour of trading, the major indices were trading at: S&P index 2584.95, down -45.12 points or -1.72% NASDAQ index 7648.96, down -148.57 points or -1.91% Dow 22046.95, down -505.18 points or -2.24% The closing levels are lower
GBP/USD falls back towards the 1.2200 handle ForexLive The pound had an impressive showing in trading yesterday, as cable rose from 1.1800 to 1.2200 as the dollar continued to falter across the board. In early trading today, it was more of the same as the dollar slumped and cable moved up to test 1.2300 and
The Dow and S&P rises for the 3rd day in around. Yesterday both the S&P index and the Dow closed higher for the 2nd day in a row. The NASDAQ did not join them as it fell in trading yesterday. However all 3 indices are closing higher in trading today with solid gains. The indices
USD/JPY is lower amid the softer risk mood, but also as price firmly tracks under the 100-hour moving average for the first time in two weeks ForexLive The break below the 100-hour MA (red line) earlier today hints at exhaustion by buyers amid the inability to firmly break above 111.50 and that means the near-term
Moving averages below trend line The GBPJPY is not immune from the GBP selling today (of course). The pair has moved into the negative now. The pair closed at 130.715. The low just reached 130.842. The run lower moved down to test the 38.2% of the move up from the March 19 low at 129.781
GBP/USD buyers look to try and capture near-term control ForexLive Earlier, I mentioned that buyers need to do more to chase a move to the upside and currently they are trying to prove that as we see price close in on 1.1900. Right now, price is challenging the 200-hour MA (blue line) with further resistance
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.
EUR/USD is looking to keep above its 100-hour moving average ForexLive The pair has been consolidating losses around 1.0650 to 1.0800 over the past few sessions before we see a rise of more than 1% today back above the 1.0800 level. More importantly, the pair has climbed back above its 100-hour MA (red line) and
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
Gold is down by 0.8% on the day currently Gold is continuing to struggle for a decent reprieve to start the week but at least for now, we are not seeing things get much worse as price action continues to center around the 200-day MA (blue line) near the $1,500 level. Price is now down
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
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.
EUR/USD falls to a session low of 1.0845 ForexLive The dollar is pushing forward with gains once again as it creeps higher against the euro and franc to begin the European morning. EUR/USD is brought down to a session low of 1.0845 after having traded around 1.0920 a few hours ago. The greenback is also