AUD/USD slips back to test key near-term levels after early advance falters

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping […]

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Dollar modesty higher after jobs report but what technical levels are key going forward

What the charts are saying now and going into next week’s trading The US dollar is modestly higher after the better than expected jobs report but off the initial spike levels.  EURUSD: The EURUSD fell to a low of 1.1755 but has bounced back to 1.1768 currently.  The pair trades between the 200 hour MA […]

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Dow and S&P close at record levels. NASDAQ erased its earlier declines

Major indices off highs as well The Dow and S&P indices both closed at record highs after Fed Chair Powell and Fed continue to steer the soft policy course with not a lot of concern for inflation and expectations for stronger growth. The final numbers are showing: S&P index up 11.41 points or 0.29% at 3974.12. The high reached […]

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AUD/USD runs into a test of key near-term levels as dollar holds weaker on the day

AUD/USD moves up to test its 100-hour moving average The pair is currently running into a confluence of near-term support levels as the dollar keeps weaker in European morning trade amid the retreat in Treasury yields. Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ […]

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Going all-in? Investors’ cash levels dip to 2013 pre-taper-tantrum levels

© Reuters. The front facade of the NYSE is seen in New York By Thyagaraju Adinarayan LONDON (Reuters) – Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to Bank of America (NYSE:)’s February fund manager survey, which also showed investors to be overwhelmingly bullish […]

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Silver stays buoyed with gains of 1% so far today, what levels to watch?

Silver trades at the highs for the day ahead of North American trading Invest in yourself. See our forex education hub. With gold looking rather underwhelming to start the year, plenty of attention in the precious metals space has turned to silver (and platinum) – especially with the recent run in the former towards $ […]

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Silver contests key near-term levels once again amid firmer dollar on the session

Silver eases to test the lows for the week Invest in yourself. See our forex education hub. Precious metals aren’t getting much love today as the dollar holds firmer across the board and is now threatening to break higher as the 1.2000 level in EUR/USD looks to be in danger as sellers (dollar buyer) target […]

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Cable tests key near-term levels again after losing altitude on push above 1.3700

GBP/USD falls from a high of 1.3723 earlier to 1.3668 currently The dollar regaining some poise during the session is pushing cable to fresh lows on the session and notably, testing key near-term levels once again. The drop after failing to hold yet another break above 1.3700 – at least for a comfortable enough period […]

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