Forex technical analysis: EURUSD falls below 100 hour MA

Makes a break lowerThe EURUSD fell in the Asian session on Catalonia election results. The tumble was quick and the price rebounded.  The subsequent high, stalled at the high from last week’s trading at 1.18622. That level was broken on Wednesday, tried to hold yesterday, before waffling above and below the level.The holding of that […]

Gold moves back above 200 day MA

Bitcoin down, gold up?The price of gold is trading up about $5 on the day and in the process has moved back above its 200 day MA. Is there a flow out of bitcoin, into gold?  I don’t know if that connection can be made, but I am sure someone might think that. The USD […]

US November new home sales 733K vs 655K expected

US new home sales data for November 2017 Prior was 685K +17.5% m/m compared to -4.4% expected Supply at 4.6 months vs 5.4 prior US homes for sale at month-end at 0.283m vs 0.283m prior Median sale price $318,700 vs $315,000 a year ago (+1.2%) Housing is ripping. Everyone sold their Bitcoin to buy a […]

US stocks are a little lower in early trading

Major indices are lower on the dayAhead of the Michigan consumer confidence and new-home sales at the top of the hour, the  US  major stock indices are trading a bit lower S&P index is down -0.5  points or -0.1%  NASDAQ composite index is down -8.6 points or -0.12% Dow industrial average is down -20.5 points […]