Technical Analysis

Retraces most of the declines The 10 yield is back positive on the day trading near 1.58%. That comes after trading as low as 1.464% on the initial reaction after the nonfarm payroll report.  Since then, the yield has push back higher and is nearly back to the high yield for the day at 1.582%.   Technically, the 50% of the […]

Major indices all close higher The major US indices are closed higher.  The gains were led by the NASDAQ index. The S&P and Dow industrial average both closed at record levels. The final closing levels are showing: S&P index up 30.81 points or +0.73% at 4232.42 . The high for the day reached 4238.04. The low was that 4201. 64 NASDAQ index closed

CFTC commitments of traders: The loonie increased by 10K Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data from the CFTC for the week ending May 4, 2021 EUR long 85K vs 81K long last week. Longs increased by 4K GBP long 20K vs

NASDAQ snaps four days losing streak. The US stocks rallied into the close with the Dow ending the session at a new record and at the highs of the day. The index is closing up 315.76 points for the fourth higher close in as many days. The NASDAQ index is also closing higher for the first time in five trading days.  A

Breaks below the 2018 low price of 1.22445 The USCAD is trading to the lowest level since September 2017. The price today fell below the 2018 low price of 1.22445.  Yesterday the price action stalled just above that level.  The next major target off the weekly chart comes in at 1.20612. That is the low price from 2017 Looking

Down six cents or -0.09% The price of WTI crude oil futures are settling at $65.63. That is down $0.06 or -0.9%.. The high price today reached $66.76. The low price extended to $64.92. The crude oil inventory data showed a larger than expected drop in inventories of 7.99 million versus -2.0 million estimate. Gasoline