The corrective move have the potential to give dollar buyers small victories, but there is still work to do. The 100-hour MAs remains target for each of the pairs as trading yesterday took the prices of all three currency pairs away from that MA. If the dollar buyers are to take back more control, they need to ultimately break through that MA and then the 200 hour MA.
Looking at other markets, the US stock futures implying higher openings after yesterday's sharp declines:
Dow industrial average is up 300 points. Yesterday the index fell -971.82 points or -2.48%. S&P index is up 46.55 points after falling -124.50 points or -2.36% yesterday.NASDAQ index is up 162 points after falling -415.55 points or -2.55% yesterday.2-year yield 3.798%, +4.6 basis points5-year yield 3.985%, +2.6 basis points.10 year yield 4.404%, unchanged30 year yield 4.887%, -2.1 basis points
In other words,
Gold is trading at another record high. The price is up $34.95 or 1.02% at $3458.93Bitcoin is higher as focus returns to the digital currency. The price is up $1100 and $88,631. Crude oil is up $0.82 at $63.23 This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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