Technical Analysis

US stocks open lower. Yields higher.

Products You May Like

Higher earnings (and all the other stuff) has the stocks worried at the start.

Higher average earnings may start to raise company costs.

Trade tensions (is the China shoe going to drop? Japan? Nafta?)

Tesla/Musk?  Yikes.

Yields higher.

It has the stocks worried again.

  • The Dow is down -104 points or -0.40%
  • The S&P is down -12.5 points or -0.43%
  • The NASDAQ is down -37 points or -0.45%

Consistent losses so far today across the major indices.

US yields are higher:

  • 2-year. 2.6903%, up 5.7 bps
  • 5 year 2.807%, up 6.6 bps
  • 10 year 2.933%, up 6.0 bps
  • 30 year 3.098%, up 4.6 bps

The GBP remains the strongest. The AUD is the weakest. The USD is picking up ground with gains vs. all the majors with the exception of the GBP. 

ForexLive

Products You May Like

Articles You May Like

AUD/USD ascends on mixed US data, ends week with losses
Israelis Netanyahu, Def Sec.Gallant will design Iranian response outside cabinet.
NZDUSD moves back into swing area and between 100/200 day MAs going into the weekend.
GBP/USD Price Forecast: Tumbles to two-month low below 1.3000 on soft UK CPI
AI adoption in trading applications is accelerating

Leave a Reply

Your email address will not be published. Required fields are marked *