Market Commentary and Analysis
Trader's Blog
Gold Futures To Test Major Support
1 day ago
4-Week Losing Streak For S&P 500 And DOW
3 days ago
Topping Pattern Or Just Consolidation?
3 days ago
CVS Stock Slump Despite Aetna Catalyst
5 days ago
This Is Why You Are Losing To The S&P 500 - Part 2
6 days ago
Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals
INO.com’s Daily Market Analysis
It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.
CURRENCIES: The December Euro currency closed up 33 points at 1.1675 today. Prices closed nearer the session high today saw short covering after hitting a two-month low on Friday. The bulls have the slight overall near-term technical advantage. Prices have been trending lower for four weeks.
The December Japanese yen closed up 35 points at .94815 today. Prices closed nearer the session low today. Bulls have the overall near-term technical advantage. Prices have been trending higher in choppy fashion for nearly four months.
The December Swiss franc closed up 46 points at 1.0836 today. Prices closed near the session high today on short covering after hitting a two-month low on Friday. The Swissy bulls have the slight overall near-term technical advantage but prices have been trending lower for four weeks.
The December Canadian dollar closed up 7 points at .7474 today. Prices closed near mid-range today on short covering after hitting a six-week low late last week. The bulls have the overall near-term technical advantage but are fading. Prices have been trending down for four weeks.
The December British pound closed up 113 points at 1.2848 today. Prices closed near mid-range today on short covering after hitting a two-month low last week. The bears have the overall near-term technical advantage amid a four-week-old price downtrend on the daily chart.
The December U.S. dollar index closed down 0.337 at 94.345 today. Prices closed nearer the session low on a corrective pullback after hitting a two-month high last Friday. The bulls have the slight overall near-term technical advantage. Prices have been trending up for four weeks.