Markets in turmoil We are seeing some flows in the major markets: Lots of flows and volatility as fears grip the markets. Looking at the USDJPY, the pair is testing its 100 day MA at 111.55 area. A move below (and staying below) would have traders looking toward 111.39 and then the 38.2% at 110.747…
50% at 0.70632 The AUDUSD risk-off flows seen earlier are dissipating and be replaced by lower USD sentiment. Technically,the pair has moved above broken levels and that is contributing to a squeeze higher.
High today stalled just below the 2017 closing price at 2673.61 The S&P index is down -51 points or -1.90% . The low reached 2638.92. The high reached 2671.83.
ECB Coeure speaking. ForexLive
Does not speak on the economy ForexLive
Total rig counts 1068 versus 1067 last week Crude oil is currently trading at $67.59 little change from the pre-release levels ForexLive
German economists has an idea to minimize Italy’s debt The bad news is that Italy’s government has a massive debt problem; the good news is that Italians are relatively wealthy. Despite the disparity in their government’s and current economic situation, the average Italian household is more wealthy than his or her German counterpart.
Crude oil is trading at $67.55 up to $.22 or 0.34% ForexLive
The 1.3055-80 is a barometer for bulls and bears The USDCAD is down testing the 100 day MA at 1.3070. That is in the middle of a bull/bear barometer area in the 1.3055-80 area. The 100 hour MA at 1.3080, the 200 hour MA at 1.3055 and 50% of the move up this week comes…
S&P closed 2017 at 2673.61. High just reached 2673.46 The S&P has clawed all the way back to the highs for the day. The index is still down, but it is well off the lows at 2628.16. We just printed 2673.46.