Volatility continues. The US stock market continues the volatility today with a bearish bias. The Nasdaq is leading the way lower. The pair was higher after comments from NY Fed Williams, but has since tumbled back lower and is trading down -52 points or -0.80% at 6476. The high reached 6586. The S&P is down

Not a good week though Most of the major European stock indices are ending near unchanged levels for the day. Provisional closes are showing: German Dax, +0.1% France’s CAC, -0.2% UK FTSE, -0.03% Spain’s Ibex, -0.3% Italy’s FTSE MIB did not fair as well today, -0.97% In the 10 year benchmark debt sector, yields are

Absolute rout It was the worst week for the S&P 500 since August 2011 and the worst week for the Dow Jones Industrial Average and Nasdaq since 2008. One the day: S&P 500 -2.1% Nasdaq -3.0% DJIA -1.8% On the week: S&P 500 -7.05% Nasdaq -8.4% DJIA -6.9% The Nasdaq is now down 22.5% since the

Crude oil up a little but CAD continues to fall  The Canada data showed retail sales a little lower than expectations, the BOC business outlook survey lower in the 4Q vs the 3Q.  GDP was near expectations.   Crude oil did move lower earlier but is now trading up on the day (at $46.10, up $0.22%.

USD near extremes vs all the major currencies The USD is near extremes (higher USD) vs all the major currencies.  The biggest pip changes are 74 and 76 pips vs the EUR and the CAD.  The NZDUSD is the largest % changer on the day.  It has moved 0.99% on the day.  Looking at the

The S&P 500 is set for its biggest yearly fall since the global financial crisis ForexLive Down by 7.7% on the year Down by 10.6% on the month Set for its biggest monthly fall since February 2009 Set for its biggest December month fall since the Great Depression Set for two consecutive weekly closes below

Dow down -2%. S&P and Nasdaq sheds 1.6%. Another rough day for stocks. Another day. Another down day for stocks as investors worry about growth, government shut down, trade…the usual.  Technically, the charts are not that supportive either. The final numbers are showing:  S&P down -39.60 points or -1.58% at 2467. The low reached 2441.18

Down and Up and Down again. A few hours ago, I outlined an area where sellers should stick a toe in the water (see post) against the 200 and 100 hour MA. The price peeked above the level but not by much.  Since then the price has moved right back to the 200 day MA.  

Cable approaches the week’s high of 1.2706 ForexLive The dollar is just being beaten down across the board as even the kiwi is now trading higher against the greenback on the day. It’s a broad fall once again as all major currencies are rising to their best levels against the dollar today. For cable, price

Stops triggers and runs lower THe AUDUSD is running lower after breaking below the December low and swing levels from October and November. That area comes in at 0.7151-637 The September low at 0.70852 is a target below. As the AUDUSD moves lower, so do the stocks (risk off?)  The Nasdaq is down -96 points

Dollar down into the FOMC decision The dollar is a down vs the EUR and JPY as the market awaits the FOMC decision.   However, with the hike not exactly the done deal that has preceded other decisions, and the 2019 year ahead forecast also more of mystery, there is a chance for some volatile price

GBP/USD touches a high of 1.2679 on the day ahead of CPI data ForexLive For once, it may not be all about Brexit for the GBP/USD. This week, markets are keeping a close watch on the Fed and it’s one of the reasons for the improving sentiment in cable. The pair tested resistance at the

Brent gets hammered too. The price of crude oil got hammered in trading today. The price fell -$3.64 or -7.3% to $46.43.  Lowest close since August 2017.  Brent crude also tumbled, falling by -$3.35 or -5.62% at $56.26. In post settle trading, crude continues to fall. It is down over $400 or -8.02% at $45.95.The

Judge Sullivan implied Flynn might be sent to jail for lying to the FBI Michael Flynn was expected to be sentenced today for lying to the FBI.  Flynn was Pres Trump’s National Security Advisor at the start of his administration but later resigned.   The hope coming into today, was that cooperation by Flynn in the

WTI crude plunges below $48 ForexLive Price was holding steady around $49 as we kicked things off on the session and then suddenly it just plunged in quick succession to a low of $47.84. As it stands, price is currently down by 3.7% at the moment. After settling below $50 yesterday at the close, the

Trend line, 50% and 200 hour MA stalls the pair As the stocks skid into the close, the EURUSD has seen the pair back off the highs on some safe haven flows into the greenback. That may be stretching the story a bit.   What did stall the rally was the trend line, 200 hour MA

Oil risks breakdown WTI crude is down 86-cents to $50.33 today. The low so far was $49.86, which is threatening the November low of $49.41. The chart doesn’t look great. WTI has already fallen below the 61.8% retracement of the rally since last June and the bounce from the short-term bottom hasn’t been inspiring. There

EUR/USD touches a high of 1.1344 on the day ForexLive Price is now threatening to move above the 100-hour MA (red line) as the dollar is losing some ground against the rest of the major currencies bloc. GBP/USD is also up to a high of 1.2620 while AUD/USD and NZD/USD are also making new highs