EUR/USD is a little weaker on the day as price sticks to the 100-hour MA
Price action continues to stick just below the 1.1200 handle and close to the 100-hour MA (red line) as buyers and sellers continue to do battle to try and establish more momentum to start the new week.
Cable moves up to a session high of 1.3205 currently
After a bit of a tug of war around the 100-hour MA (red line), cable buyers are looking to establish more upside momentum above the 1.3200 handle in the European morning.
AUD/USD moves closer towards a test of the 200-day moving average
A bit of an extension to the daily range to start the day, as we see the greenback creep a little higher against most major currencies – notably the euro, pound, aussie and kiwi.
Major indices all erase early declines
The Dow was down as was just -217 points and is closing up 69 points.
The NASDAQ index is down -77 points and is closing up 51 points
The pair is making the next step to the upside
The USDJPY moved above its 100 day MA earlier today after stocks started to rebound. Later a topside trend line was broken, but the falling 100 hour MA stallled the rally. After a few hours of consolidation, the price has been able to push even higher
Up $0.22 or 0.35%
The price of crude oil futures are settling at $63.27. That is up $0.22 or 0.35%. The price did dip into the negative territory down to $62.81 (the price closed on Friday at $63.04) in the New York session as stocks rebounded, and fear from the Middle East subsided. However, the price has
Dow still negative but S&P and Nasdaq are higher on the day now
You can’t keep the US stocks down.
The S&P index has moved into the black. The Nasdaq is not up 0.25%. The Dow is still negative but has nearly erased a -216 point decline.
EURUSD above 100 hour MA again
The NY session has seen the EURUSD trade first above the 100 hour MA, and then below. It is now back above the MA line at 1.11882. That has re-tilted the bias back to the upside.
Geopolitical concerns hurt the major indices
The European shares are ending the session with declines as a result of geopolitical concerns (and perhaps a higher EUR)/
The 50% and 100 hour MA at 142.556
The GBPJPY is making a break to the upside and in the process has extended above the 50% and the 100 hour MA at 142.556. Prior to that, the price moved 200 hour MA at 142.429. Those levels are now risk levels for the longs. Stay above is