New lows for the EURUSD. EURCHF down as well and tests its 200 day MA.
EUR is down vs all the major currencies New low for the EURUSD as it remains the currency of the day (to the downside). The EUR is the weakest of the majors. The EURUSD is now down -0.38% . The EURNZD is the weakest of the EUR pairs at -0.92% and is down -0.78% vs […]
USDCHF returns to the 100 hour MA, low for the day, and swing area
USDCHF moves down to retest swing, 100H MA and earlier low For the USDCHF, looking at the hourly chart, the price has seen up and down trading today. The high just an hour or so ago, was back up testing the high from earlier in the day, but held. The subsequent move lower has rotated […]
European equity close: Another day of gains, why not?
What a start to the year for European stock markets. Closing changes on the day: Stoxx 600 +0.5% German Dax +0.2% France’s CAC +0.7% UK’s FTSE 100 +0.7% Spain’s Ibex +0.6% Italy’s FTSE MIB +0.2% On the week: Stoxx 600 +1.9% German Dax +3.4% France’s CAC +2.4% UK’s FTSE 100 +1.9% Spain’s Ibex +2.1% Italy’s […]
Major indices erase declines. Nasdaq getting closer to 100 day MA
The major indices have erased declines, and the major indices are back in black. Technically, the S&P is back above its 200 day MA at 3981.17. The price is at 3988 currently. The Nasdaq is getting closer to its 100 day MA at 11057.39. The high today just reached 11043.59 (within 14 points of the […]
Bitcoin moves closer to 200 day MA at $19510.82.
Bitcoin gets closer to the 200 day MA The price of Bitcoin has continued its run to the upside today and is getting closer to its 200 day MA at $19510.90. The high price today has reached $19396 so far, just $120 or so from the MA level. The price of bitcoin has not traded […]
Impressive day for equities as a late bid arrives
<p>S&P 500 futures fell by as many as 40 points in the premarket but the bulls steadied the ship and have slowly turned it around. The index is now up 15 points to a session high of 4018.</p><p>There's a year-long downtrend in the index that could soon be threatened.</p> This article was written by Adam […]
US stocks close higher.Nasdaq up for the 5th day. S&P and Dow up for the 3rd straight day.
<p>The US major indices are closing higher. For the NASDAQ, it is the fifth consecutive up day. For the S&P and the Dow each have gained over the last three trading days and are up four of five days.</p><p>Both the Dow Industrial Average and the NASDAQ index rose by 0.64% today. The S&P was up […]
Market Update – January 12 – Inflation Day
Stock market sentiment remains supported ahead of the US inflation report, with markets starting to look past the current wave of tightening moves and buying into hopes that final rates will be reached sooner rather than later this year. Yields have come down and stocks are benefiting. Australia and New […]
Why I’m Not A Day Trader » Learn To Trade The Market
Like most traders, I was obsessed with day trading at the start of my career, it’s what I studied, it’s how I traded, it was how I lived. However, I quickly discovered that something was wrong. I just couldn’t seem to make any money trading this way. It was stressful, time-consuming, difficult and even maddening […]
European equity close: Another strong day for stocks
<p>The great start to the year in Europe continues. It was the most-hated spot in the world coming into the year and a dose of good weather has really turned the tide.</p><ul><li>Stoxx 600 +0.4%</li><li>German Dax +1.1%</li><li>France's CAC +0.8%</li><li>UK's FTSE 100 +0.5%</li><li>Spain's Ibex +0.2%</li><li>Italy's FTSE MIB +0.5%</li></ul><p>The DAX chart right now is hard to dislike.</p> This […]