AUDUSD tests lows for the day and below the 100 hour MA
The AUDUSD is another pair that has seen it's share of ups and downs in trading today.
The pair is back down testing the low for the day at 0.6800 and in the process is moving back below the 100 hour MA at 0.68033. Earlier in the day,
Oil jumps as US petroleum inventory data tighter than expected
Oil cheered the weekly US inventory data in a rebound after a sharp drop yesterday.
Crude touched a low today of $54.76 but was trading nearly a dollar higher just before the data. The market was braced for a large build in supplies after the American Petroleum Institute announced a nearly 6 million
Nasdaq reverses declines. S&P and Dow lag.
The NASDAQ index has indeed reverse its earlier declines. The low for the day came in at 8540.617. The price just reached a new session high at 8577.473. We currently trade at 8573.50, +2.85 points or 0.03%.
Crude oil inventories 1379K vs 1500K estimate
The weekly crude oil inventories came in with a build less than expectations. The build was 1379K vs 1500K estimate. That was also lower than the API build released last night at 5954K.
Fed's Brainard: Trade uncertainty has been a major theme in economy in past year
NZDUSD tests 100 day MA. Can it get and stay above now?
The NZDUSD is back up testing the 100 day MA at 0.6428. Earlier in November, the price took a peek above that key MA, only to back off. Yesterday, the level was tested again (and closed near the level.
Fed's Brainard to appear on CNBC
CNBC will have an interview with Fed Governor Lael Brainard at some point in the next hour. In the latest tease, the CNBC hosts said it would be 'later' so I'm guess that's going to be closer to 1600 GMT (11 am ET). They don't like to give away the
FOMC Minutes on Wed may appear stale from balance of risks assessment - Barclays
For bank trade ideas, .
Barclays Research discusses its expectations for tomorrow's FOMC minutes.
"We expect the minutes to show that members favored one
further cut in the policy rate in October and agreed to send a message
that the Fed was through with providing insurance for now given
the lag between
EURUSD bounces from cluster support
When the range for EURUSD on the day is a narrow 27 pips and you get a 21 pip bounce off the cluster support area () at 1.10509-544 area, it seems like a big deal. I guess it is. Traders who risked a little at
The major indices open lower, but off premarket low
We have seen lower opening before, but lately, that has not really mattered much. The pattern has been to recoup the losses at some point. How long until that happens today?