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EUR/USD falls to a low of 1.1698 on the day ForexLive The greenback is making a push higher across the board and we’re now seeing EUR/USD fall below the 1.1700 handle once again as it did in trading yesterday. The low posted yesterday was at 1.1691 which coincides with the 200-hour MA (blue line) currently,

Cracks 100/200 hour MAs and runs lower The price of bitcoin on Coinbase exchange is trading down -$344 on the day at $6355.85. The high today reached $6815.892. The low has extended to $6320.16.   Looking at the daily chart below, the price highs off June lows, could not make it to month ago highs at

USD/JPY nears a six-month high USD/JPY has carved out a solid series of higher lows and is now threatening to break the May high of 111.40. The pair is up 47 pips to 111.31 today in the second day of solid gains in a backdrop of higher stocks and lower trade tensions. If the 111.40 resistance

A quick look at the strongest and weakest currencies The GBPUSD went from one of the strongest currencies earlier in the day, to the weakest currency now.  The USD has been a beneficiary of the swings (it was the weakest currency at the start of the NY session).  The  AUD remains the strongest (and is

100 hour MA now resistance The GBPUSD has continued to the tumble lower and in the process has been able to find support buyers at the 200 hour MA (green line in the chart below).   Earlier the fall off the cabinet news sent, the pair through the 1.32895 level (swing level) . The fall stalled

Goldilocks jobs trumps the US/China tariffs With an hour to go in the trading day, the Nasdaq has just moved up 100 points on the day or +1.33%.  The move higher has been steady.  The Goldilocks employment number has trumped the US/China tariffs. The S&P is up 0.96%. The Dow is lagging at up 0.56%  

Closing changes for the main European bourses German DAX +0.3% UK FTSE 100 +0.1% French CAC -flat Spain IBEX +0.15% Italy MIB -0.1% On the week: German DAX +1.6% UK FTSE 100 +0.8% French CAC +0.8% Spain IBEX +2.7% Italy MIB +1.3% German stocks would still need to gain more than 8% to recover to

Trend line and 200 bar MA on 4-hour chart The USDCAD fell to a lower trend line and 200 bar MA on the 4-hour chart after the employment data today.  Canada employment was better than expectations. The US jobs report was good but mixed vs expectations.  The technical support held and the price retraced the

S&P and Nasdaq move above 100 and 200 hour MAs today US stock indices are trading higher and in the process are turning the technical bias more bullish. For the NASDAQ index, the price si up 58.7 points or 0.78% at 7645. The price has moved above the: 200 hour MA at 7601.53 (green line)

However, that is not the current expectations. USDMXN tests 200 day MA after breaking the 100 day MA earlier. Although it is not the current expectations, S&P is saying that they could lower Mexico’s rating if there is a retreat from NAFTA.  The market seems somewhat confident as well as the USDMXN trades at the

Cable up 53 pips Cable has wiped out the drop from yesterday that came on a report that German officials had brushed aside Theresa May’s latest Brexit plan. The climb was helped by today’s UK data showing unit labor costs jumping to 3.1% y/y from 2.1% and broad dollar weakness after non-farm payrolls. There’s a

USD/CAD swings lower again What a mess on the USD/CAD intraday chart. The dual jobs and trade balance reports from Canada and the US has been too much for the market to digest at once. Without dissecting the details, I think the Canadian report is better than it first seemed and oil has had a

Can the buyers squeeze higher or does overhead resistance stall The GBPUSD has squeezed higher and moved away from a swing area that held support at the close yesterday and in the Asian Pacific session (see yellow area). That area comes in at 1.3203-16. The low today dipped to 1.3202 but not for long. The

And rightfully so, S&P 500 futures turn negative ForexLive China’s response that they had in fact implemented retaliatory tariff measures on US goods is starting to weigh in on equities now. European indices are mostly flat right now – a little positive – but we’re seeing yen pairs fall as US equity futures slip into

This via SG on the DXY After failure to give a definite break beyond last October peak, the Dollar Index has started staging a pullback.  It has formed two consecutive weekly shooting stars near 95.52/95.75 which suggests upside momentum is lacking. The index has formed a double top at those levels and is now breaching

Back below 200 hour MA but above trend line break The NZDUSD based against the 100 hour MA for the 2nd day in a row in the Asian Pacific session (blue line in the chart below) and that led to buyers taking the price higher.  More favorable stock markets in Europe and the US (so

EUR/JPY upside stalls at 129.50 for the third time during the last week A push higher in the pair would appear to need EUR/USD also pushing above the 1.1720 resistance level highlighted here. But either way, for EUR/JPY this needs to be a level that buyers need to break above in order to extend a