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Monday, August 12, 2024

American Market Recap | Both the EURUSD and GBPUSD bounce off hourly MA levels. Can the momentum continue?

Both the EURUSD and GBPUSD bounce off hourly MA levels. Can the momentum continue?

The EURUSD and the GBPUSD both bounced off key hourly moving averages on the US session dip. The EURUSD bounced off its 100-hour MA at 1.0920. The 38.2% retracement of the move-up from the August low... 

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Crude oil futures settle at $80.06, up $3.22 or 4.19%

The price of crude oil futures are settling above $80 for the first time since July 18. The price settled at $80.06 up $3.22 or 4.19%. Geopolitical risks are helping to support the price of crude oil... 

US federal budget deficit for July -$244.00 billion versus -$242.00 billion estimate

U.S. July budget deficit: $244 billion, up 10% from a year earlier. Adjusted deficit would be $45 billion narrower due to calendar differences. Deficit increase mainly due to lower benefits outlays la... 

US yields are trading lower (at new lows for the day)

US yields are moving lower and trades at the lowest levels for the day. 2-year yield 4.021%, -3.2 basis points 5-year yield 3.751%, -4.5 basis points 10 year yield 3.905%, -3.7 basis points 30-year yi... 

Crude trade above $79. Highest level since July 19

As chatter for a retaliatory strike by Iran on Israel get louder, the price of crude oil is stepping higher. The current price is trading at $79.13 up $2.29 or 2.98%. That is the highest level since J... 

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Latest Forex Orders

MIxed open for the major indices. Dow down. S&P marginally higher. Nasdaq up.

The major US stock indices are opening today mixed. The Dow Industrial Average versus lower. The S&P index is marginally higher while the NASDAQ index is a little better than marginally higher. A... 

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