Publish the CPI information (just about as anticipated), the EURUSD has moved to a brand new session excessive.
Within the course of, the pair has moved above the 38.2% retracement of the transfer down from the tip of October excessive to the November low. That stage is available in at 1.13787. A swing excessive space since November 16 cuts throughout between 1.13698 and 1.13857 value is now testing….shifting via these ranges. The excessive value simply reached 1.1404
Drilling to the hourly chart beneath, the low value as we speak stalled close to considered one of my swing space is between 1.1354 and 1.1359 recall from yesterday, the value low for the day transfer beneath each the 100 and 200 hour shifting averages however shortly bounced again larger, and that led to masking up towards the 38.2% retracement goal at 1.13787.
The squeeze larger after the CPI has now pushed the value again above the 1.1400 stage.
US shares forward of the CPI had been buying and selling at
- Dow up 90 factors
- NASDAQ up 53 factors
- S&P is buying and selling up 11 factors
The US 10 12 months yield was buying and selling at 1.73%.
At present the futures are implying:
- Dow up 141 factors
- S&P up 22.5 factors
- NASDAQ index up 122 factors
The ten 12 months yield is buying and selling down at 1.718%
Crude oil is buying and selling larger with the value at $82.17 up $0.95