Technical Analysis

Gold lower. Yields higher.  Stocks at records.  USDJPY and USDCHF at key levels The fear trades are evaporating in the markets today: Spot gold is down $22 now and trading at session lows at $1468.43. The precious metal broke below its 100 day moving average for the 1st time since May 31 (blue line in the chart
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Up and down day for the EURUSD The EURUSD has moved up and down today. The low extended to 1.1054 in the Asian session. Shot higher in the early European session but stalled just ahead of the high from yesterday at 1.10923 level (the high reached 1.1091 and reversed lower).    The subsequent run back to
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Unemployment rate ticked higher  The New Zealand employment statistics were released just before the close of trading yesterday.  The employment rate moved up to 4.2% from 3.9% in the 2nd quarter. The expectations was 4.1%.  The other pieces of the report came in as expected with the  employment change 0.2% QoQ.  The employment change at 0.9% YoY, and  wages including and
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Major indices closed the day with modest gains The major European indices are starting the week with modest gains. The provisional closes are showing: German DAX, +0.49% France’s CAC, +0.3% UK’s FTSE 100, +0.2% Spain’s Ibex, unchanged Italy’s FTSE MIB, +0.4% in the European debt market, yields have climbed higher.   The France moved closer to the 0.0%
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