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Wednesday, May 15, 2024

NZDUSD runs higher as risk on flows send the pair higher. Lower yields. Higher stocks.

NZDUSD runs higher as risk on flows send the pair higher. Lower yields. Higher stocks.

The NZDUSD is racing higher today as "risk-on" flows = Buy NZDUSD (at least today). Technically, the price moved back above the 100 day MA at 0.6088 and then the 50% of the move down from the December... 

tranche

Westpac eyes a stronger AUD/USD

The Australian dollar is up nearly 1% today in a broad rally in risk trades and slump in the US dollar. Westpac highlighted AUD/USD longs as something on its radar before the US CPI data but with the... 

US crude oil settles at $78.63

Crude oil futures are settling at $78.63. At up $0.61 or 0.80%. The high price today reached $78.80. The low price was at $76.70. The low price traded to the lowest level since February 27 before boun... 

All three major US indices on pace for record closing levels

The move to the upside continues and the major indices are not on pace to all close at record levels today. Dow record high close coming into the day was at 39807.38. The index is up 274 points at 398... 

Bitcoin climbs above $65,000 and carves out an intriguing chart pattern

Bitcoin is having its best day in two weeks, climbing 5% as part of a broad rally in global risk assets. The chart caught my eye as it may be tracing out an inverted head-and-shoulder pattern, one tha... 

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Latest Forex Orders

FX option expiries for 15 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first being for EUR/USD at the 1.0825 level, which should just help to keep price action more sticky until we get to the slew of US dat... 

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