Technical Analysis

Silver flat today as it sits Silver and gold aren’t getting the headlines now but I believe there’s more money to be made by watching quiet markets than trading volatile ones. At the moment, silver fits the bill. When you zoom out, there’s a big triple top ahead of $30/oz but there are also a

The dollar trades a little lower alongside the yen Not a whole lot is going on in Europe as movement among major currencies is relatively light, though commodity currencies are holding a slight advance. EUR/USD is trading narrowly within a 20 pips range between 1.1813 and 1.1833 (1.1827 currently) with GBP/USD keeping in a 28

NASDAQ closes at a new record for the third consecutive day The US major indices are ending the session with mixed results: NASDAQ posts a record close for the third consecutive day S&P index snapped a seven day winning streak Dow industrial average led the way to the downside The major indices are closing the

Dollar regains some ground in European morning trade Of note, EUR/USD is being pushed to fresh lows of 1.1847 after having seen the earlier upside push rejected by the 200-hour moving average: Price has even dipped just below the 100-hour moving average (red line) as sellers look to seize back near-term control in the pair.

Major European indices rise to start the trading week The major European indices are ending the session higher as the new trading week begins. The provisional closes are showing: German DAX, +0.09% Francis CAC, +0.22% UK’s FTSE 100, +0.55% Spain’s Ibex, +0.77% Italy’s FTSE MIB, +0.65% Looking at the German Dax daily chart, the price

Oil up 0.3% to $75.40 levels currently As much as there is a delay to the OPEC+ decision, oil bulls aren’t overly worried as the main sticking point there is the UAE wanting to increase its baseline output. Sure, they are blocking a deal/proposal for a 400k bpd increase in output per month starting from

Seventh record day in a row for the S&P index The S&P index and Dow industrial average are trading their high levels and are looking to both closed at record levels. For the S&P index, it would be the seventh consecutive record high close for the index.  For the NASDAQ, a new high be the second consecutive record close.   A snapshot

The CAD is the strongest The USD is now the weakest of the major currencies.  The CAD remains the strongest.  The greenback is trading to new session lows verse the GBP, CHF, CAD, AUD and NZD. The pair is just off it’s session low vs the JPY. The EUR and USD are battling it out for the weakest of

New highs for the EURUSD The EUR lagged other currencies in making new lows vs the USD, but the EURUSD has just moved to a new high (new dollar low). The pair traded to a new high of  1.18602, taking out the earlier high at 1.18588.    The next targets comes against the  38.2% retracement of the move

Down seven cents or -0.09% The price of WTI crude oil futures are settling at $75.16. That’s down seven cents or -0.09%. The high price reached $75.62. The low price extended to $74.41 Looking at the hourly chart below, the price has been fluctuating up and down trading today as the OPEC+ meetings continue without a

NASDAQ closes at a record and so does the Dow… The S&P index is up for the seventh straight day and closes at a record level once again.  It is the 7th record high close for the S&P.   The NASDAQ index also closed at a record today that is the second consecutive record close for

GBP/USD under technical pressure below 1.3800 Invest in yourself. See our forex education hub. The range for today remains a bit more subdued going into European trading but the pair is now holding near the lows @ 1.3753 with the dollar keeping steadier so far. The firm break below 1.3800 yesterday was the first since

Nasdaq lags and closes marginally higher The major US indices are closing the day higher with the S&P index leading the way. The S&P index is up for the six consecutive day and closes at a record level. New highs 214 versus new lows of 11 Dow closes near session highs Dow up for the third

The pound not getting any love as BOE governor Bailey plays down persistent inflation pressures Invest in yourself. See our forex education hub. Cable got a decent bounce off 1.3800 yesterday amid dollar strength, moving back up to 1.3830 levels, but that is quickly fading at the moment in a drop to 1.3794. While the

S&P closes at a record high The US stocks are ending the session mixed with the Nasdaq down, and the Dow and S&P higher.  The S&P closed at a record high. Today is month end, quarter end and the end of the 1st half of the year.  The numbers for each are showing:  S&P is

Not a whole lot of action though The dollar continues to hold its ground on the week as it inches a little higher across the board, though this is perhaps just some stretching for the ranges of the day. It has been a relatively quiet start to proceedings, with EUR/USD resting in a 25 pips

All major indices close higher The S&P in NASDAQ are both closing at record high levels S&P close higher for the fourth consecutive day Dow is up 185 points at the highs for the day. Give up most of those gains NASDAQ up for the second straight day The Dow industrial is on track for

Major currencies still mostly little changed The greenback is keeping steadier for a second day running as it claws back some losses from last week, though the ranges for the day are still relatively narrow. EUR/USD is down 0.1% to 1.1906 while GBP/USD backs away from a test of key near-term resistance levels yesterday here