Trump tweets letter — Donald J. Trump (@realDonaldTrump) A very nice note from Chairman Kim of North Korea. Great progress being made! July 12, 2018
Leads a run higher for equities The Nasdaq has just cleared above the 7800 level and is now up 87 point or 1.13% on the day. The all time high price for the index comes in at 7806.59 (back in June). Needless to say, the price is not that far from record high headlines. At…
Yesterday’s break lower sent the pair lower The EURUSD is back up retesting its 200 hour MA at 1.16937 (green line in the chart below). Earlier in the day the price tested that level and stalled. Yesterday that MA was broken and the price scooted lower. Sellers seem to be leaning once again.
You have to drill into your charts to see a clearer picture of the clues for the trend A common wonder in trading is when does a trend move end?
Half the gain is gone Where have all the oil bulls gone? Crude is down 91-cents today to $69.46 and touched $69.37 at the lows. That briefly broke the 50% retracement of the June/July rally at $69.43. The 61.8% retracement is at $68.05.
Down -0.07% on the day The 100 day MA is down at $66.86. Is the price heading down for a test of that level? If so, look for buyers on the first test.
He’s optimistic It’s so tough to try to get a sense on where negotiations really are. Barnier yesterday said a deal was 80% agreed. Meanwhile, if you’re reading the headlines, it’s one disaster after another and everything is circling the drain. But how much of that is just Boris trying to angle for Theresa May’s…
What moved markets on Thursday The market got back to selling the US dollar on Thursday, with most of the activity coming on the back of the US CPI reading which caught many off guard. The Yen and Swiss Franc were the only currencies that could not outpace the Buck, but the price action made…
Not exactly friendly comments from China’s vice trade minister ForexLive
Stays above the 200 bar MA on the 4 hour chart You might have to read, a long education post to understand fully, but the USDJPY did hold support on the 5-minute at the 200 bar MA (green line). The 38.2% also held on the dip.