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Dow Jones reverses early losses as dollar rebounds
The dollar has recovered its earlier losses today. The USD index (USDX) is approaching the 104 handle and that has seen the EUR/USD fall back towards 1.09 and the GBP/USD slip further, to below 1.2975 now. The USD/JPY is now setting fresh session highs as it approaches 156.75 and the reader is again reminded of a technical level in place at 156.83. It remains to be seen, if that level will provide further resistance, if put to the test shortly. Meantime, over in the stock markets, the Dow Jones has rebounded from its earlier session low at 41.045. It is rising back above 41,300 and close to 41,325 just now
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
