Forex news for trading on May 31, 2017
A snapshot of other markets at the close:
– US stocks ended the day with modest declines. S&P down -0.05%. Nasdaq down -0.08%. Dow down -0.10%
The US dollar was mixed in trading today with the greenback fallin…
Author: Greg Michalowski
S&P down -0.05%. Nasdaq down -0.08%. Dow down -0.10%.
The US stock major market indices are ending the day in the red but things could have been much worse.
Sits near the middle of the May range
In the new trading day in Australia:
In addition,
That is a lot to digest by the market that has the potential to rock the AUD.
Technically, the price today/this week tried to extend above the 200 bar …
Down -$1.34 or 2.7%
The price of crude oil futures are settling at $48.32 on reports that Libya production was higher. The contract closed down -$1.34 or-2.7% on the day. The high reached $49.71. The low came in at $47.73.
Nasdaq down -28 points now
The major US stock indices are taking on more downside pressure again. Looking at the Nasdaq composite index, the correction off the low stalled near the day’s midpoint on 3 separate tests. That is a nice ceiling …
Can intraday support hold?
The GBPUSD had a nice move higher off a pretty good support level defined by swing lows post the UK snap election announcement (). That area (between 1.2768-74) stalled the fall last Friday (May 26th) and again t…
Bounce off the midpoint on the first look
The price of crude oil futures has moved lower in trading today. It is currently trading at $48.32 down -$1.35 or 2.76%. The low extended to $47.73. The high reached $49.71 (nearly a $2.00 trading range)….
200 day MA at 0.71036. 50% retracement at 0.70959
The NZDUSD is threatening to close above its 200 day MA at the 0.71036. The price has not closed above the MA level since February 28th, 2017. The 50% of the move down from the Feb 2017 high come…
UK FTSE makes new intraday all time high but can’t close at a record level
The European stocks are ending the day with good gains but off high levels. The UK FTSE reached a new intraday record high price of 7586.45 but dipped into the close and could n…
GBPUSD, EURUSD, USDJPY trades at new extremes
Is the London 4 PM fixing having an impact? What about the dollar selling? Technicals? How about month end? It is probably a combination of all, but the end result is the currency markets …