Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News Binance

Forexlive Americas FX news wrap: USD rises. Stocks and bonds little changed. Oil higher.

by
April 18, 2022
in Binance, Bitcoin, Business News, Cardoso, Crypto News, Dogecoin, Ethereum, Market News, NFT X Metaverse, Other alt coins, Shiba in, Technology News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

More from Fed’s Bullard. He says there will be no recession.
Major US indices close modestly lower to start the trading week
Fed’s Bullard says inflation is far too high, the Fed has a good plan in place
Bitcoin moves back above falling 100/200 hour MAs.Can the price stay above the MA levels?
WTI crude oil futures settle at $108.21 per barrel
Ukraine security Council Sec: Russia starts new active phase of Eastern offensive
Crude oil continues its advance. May delivery eclipses $109
US Treasury Secretary Yellen: Will urge IMF/World Bank to increase econ pressure on Russia
Another Poll sees Macron at 54.5% vs Le Pen
New York Fed survey: Households expect home prices to rise 7% in year head
Natural gas continues its run to the upside. Tests 50% midpoint of the move since 2008
Macron seen winning presidential election with 56% of the vote versus Le Pen
World Bank reduces global growth forecast for 2022 to 3.2% from 4.1%
NAHB housing market index 77 versus 79 March
The EUR is the strongest and the NZD is the weakest as the NA session begins

Although the US markets were open, Canada was mostly closed as was Europe.  So in essence it was a semi-holiday in the markets today by virtue the fact that a good bit of the large traders were off.
Nevertheless, there were some moves and stories.

Ukraine remains a hotbed and helped contribute to oil prices moving higher. There was also issues in Libya as they said that it could not make deliveries from its Zueitina terminal or the Sharara oil field. WTI crude oil settled $1.26 higher at $108.21 per barrel. Natural gas meanwhile rose above $8.00 (high reached $8.18) on cold weather expectations and increased demand out of Europe. The price has since moved back below the $8 level at $7.82.  The spike higher was the highest level since October 2008
The US 10 year yield reached another cycle high and traded at the highest level since December 2018. The yield reached 2.884% before rotating back down. The current yield is at 2.855%. Looking at the other yields on the curve, the two year yield is trading down one basis point.  The five year is up about 0.9 basis points, while the 10 year is up 2.6 basis points

US stocks had an up and down trading session, and closed with modest declines. The S&P was unchanged on the day. The Dow industrial average fell -0.11% and the NASDAQ index fell -0.14%
the price of gold moved higher into the New York session reaching a high just under the $2000 level at $1998.39. However the price started to rotate down in the US session as markets calmed down a bit and the price is trading near the low for the day at $1977. The low for the day reached $1971.22

The strongest to weakest of the major currencies

In the forex market, the USD and CAD are closing as the strongest of the majors, while the AUD and NZD are battling it out for the weakest of the majors. 

USDJPY: The USDJPY traded to yet another cycle high and 20 year high in the process. The Friday high reached 126.67. The Asian session high moved to 126.784. The New York session has extended to 126.977. The price remains well above its 100 hour moving average at 126.04 and moving higher.  In the new trading day, moving back below the low from Friday at 126.67 could see some selling on the disappointment. However it ultimately would take a move below the 100 hour moving average to tilt the bias more comfortably in the favor of selling as the market continues to trend in that currency pair.
EURUSD. The EURUSD moved to a low of 107.69 in the US session. That low took the price between a swing area on the daily chart going back to 2020 between 1.0764 and 1.0777. The current price is trading at 1.0780. In the new trading day if the price moved below 1.07642 and then the swing low from last week at 1.07568, it would open the door for more selling to the downside. On the topside traders will watch the 1.0805 level. That was the swing low going back to March 7. On Thursday last week, the price moved below that level after the more dovish ECB statement and press conference. However, the price did bounce into the close on that day (and back above the 1.0805 level). After trading above and below the 1.0805 level into the New York session today, the sellers started to take more control and pushed price lower away from the level. On a move above 1.0805, the falling 100 hour moving average at 1.08285 would be another key target to get above and stay above if the buyers are to take more controlUSDCAD: The USDCAD moved higher in the Asian session into resistance between 1.26396 and 1.26452. Then in the New York session, the price moved lower and retested the 100 hour moving average 1.2606. The prices trading right around that level is the day comes to an end. The move lower today moved back below the 200 day moving average at 1.25239. That moving average will be close resistance in the new trading day. A move below the 100 hour moving average 1.2606 followed by a move below the 200 hour moving average 1.25980 should open up the door for further downside momentum in the USDCAD pair. AUDUSD: The AUDUSD fell in the Asian session but found some support buying near the 61.8% retracement of the move up from the March 15 low. That level comes in at 0.73536. The corrective high took the price back to 0.7378 which was near the high of a swing area between 0.73675 at 0.73799. Sellers returned and in the US session the price move below the 61.8% retracement and is closing at 0.73457. The move below that retracement level should give the sellers more confidence to push lower in the new day. The 200 day moving average at 0.72933 is the next major target on the downside.

.

RelatedPosts

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

Op-ed: On Bitcoin and why there is no second best – Part 2

Republicans criticize Biden for waiting to shoot down Chinese balloon

Tags: BitcoinbusinessBusiness AnalysisBusiness TipsGold PriceInvestment LossMarket StoriesOil MarketSillicon ValleyunUnited StatedVenture CapitalWall StreetWater deep
Share61Tweet38Send

Related Posts

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

February 5, 2023

Op-ed: On Bitcoin and why there is no second best – Part 2

February 5, 2023

Republicans criticize Biden for waiting to shoot down Chinese balloon

February 5, 2023

Israeli judicial reform legislation won’t be halted, justice minister says

February 5, 2023

FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money

February 5, 2023

At least 24 dead in Chile as wildfires expand; foreign help on the way

February 5, 2023

Leave a Reply Cancel reply

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

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

February 5, 2023

Op-ed: On Bitcoin and why there is no second best – Part 2

February 5, 2023

Republicans criticize Biden for waiting to shoot down Chinese balloon

February 5, 2023

Israeli judicial reform legislation won’t be halted, justice minister says

February 5, 2023

Categories

  • Binance (49,842)
  • Bitcoin (93,218)
  • Business News (98,684)
  • Cardoso (41,238)
  • Crypto News (49,094)
  • Dogecoin (41,238)
  • Ethereum (41,614)
  • Market News (86,452)
  • NFT X Metaverse (41,238)
  • Other alt coins (41,284)
  • Others (2)
  • Shiba in (41,238)
  • Technology News (85,878)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 22,907.14 2.31%
ethereum
Ethereum (ETH) $ 1,620.98 3.34%
tether
Tether (USDT) $ 1.00 0.12%
bnb
BNB (BNB) $ 326.49 1.24%
usd-coin
USD Coin (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.398495 4.47%
binance-usd
Binance USD (BUSD) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.385962 4.69%
dogecoin
Dogecoin (DOGE) $ 0.091729 6.49%
okb
OKB (OKB) $ 43.82 5.32%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News