With the losses today that saw the:
Dow Industrial average down -537.12 points or -1.30% at 40813.81.S&P index down -77.81 points or -1.39% at 5521.49.NASDAQ index down -345.44 points or -1.96% 17303.01Russell 2000 down -32.77 points or -1.62% at 1993.69On the economic calendar, initial claims came in near expectations 220K versus 225K estimate. The employment situation seems steady. The US PPI came in lower with the headline at 0.0% versus 0.3% estimate. The ex food and energy was -0.1% lower than the 0.3% estimate (although the prior month was revised higher from 0.3% to 0.5%).
In the forex, the US dollar is ending higher versus most of the major currencies. Looking at the major currencies, the US dollar rose against all the major currencies with the exception of the JPY:
? 0.34% versus the EUR? 0.12% versus the GBP? -0.34% versus the JPY? 0.14% versus the CHF? 0.6% versus the AUD? 0.52% versus the NZDEURUSD: The EURUSD defined it upside resistance against the 100 hour moving average 1.08732, and its support near the broken 61.8% retracement of the move down from the September 2024 high at 1.0817. The current price trades between those two levels at 1.0851. Traders will be looking for a break of either level with momentum to provide the next clue for the next moveGBPUSD. The GBPUSD found support buyers near its 100-hour moving average currently at 1.2929. The price is trading at 1.29506 going into the close. As long as the price remains above the 100 hour moving average and then lower support near 1.29065, the buyers are still in play (and more in control). Move below those levels, and traders will look toward the 200 hour moving average 1.28759.USDJPY: Sellers against the 200 hour MA currently at 148.22 will provide an upside target for buyers and a resistance level for sellers into the new trading day. On the downside, the 100 hour MA at 147.72 would need to be broken and stay broken, to have traders looking toward the potential for another run to the lows from the move down at 146.53. Move above the 200 hour MA will have traders eyeing swing area resistance at 148.56 to 148.72.
In the US debt market, yields are ending the day lower:
2 year yield 3.957%, -3.8 basis points5-year yield 4.026%, -5.1 basis points.10 year 4.268%, -4.8 point basis points30 year 4.588%, -4.3 basis pointsIn other markets:
Crude oil is trading down $-0.97 or -143% at $66.71Gold is trading up $54 and approaching to $3000 at $2987.79Bitcoin is trading down by $3300 and $80,255. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Forexlive Americas FX news wrap 13 Mar: Tariff worries continue to dominate sentiment. )
Also on site :