The US has observed the national day of mourning to remember former President. Jimmy Carter’s remains laid to lay in peace.
It is expected that the New York Stock Exchange and the NASDAQ Exchange will be close however the futures market is open, as is US bonds market. For US Futures Trading, S&P futures are forecasting the market to drop by -5 points. It is also worth noting that the Dow industrial average has dropped a little over -24 points, while it is also down around -20 points. NASDAQ index has dropped about 20 points.
In the US the market for debt yields are lower 4.264 percent, -2.7 basis points
- 2 year 4.264 percent, -2.7 basis points
- 5-year 4.433 percent, -3.4 basis points
- 10 year 4.656 percent, -3.6 basis points
- 30 year 4.888 percent, -4.3 basis points.
When we look at the forex market The three main currencies are mixed
- EURUSD :
- In EURUSD the price is both up and down, with the price generally lower in the present. If I looked at the two major levels, on the upside and down and the .02718 is the most important support level. This level was an area of lows in the swing from to the last Friday, before moving higher, and it was the lowest price of the day. It is also an upper low in an area of swing that is visible on the daily charts, going back to 2022. On the other hand the 100 hour daily moving average (1.0310) 1.0310 is a major upside goal. This moving average lies in a range that is between 1.0332 to 1.0343.
- The USDJPY pair hit its highest since July, averaging 158.544 today, but slipping just short of the crucial daily chart resistance level of 158.86. Today in the Asian session it tested the moving average of 100 hours (blue line) and briefly jumped higher before eventually falling below it. The price is currently close to the 200-hour moving average, which is 157.55. If the price continues to fall below this level could signal the possibility of a bearish move in the short term. In addition, the price had earlier rebounded off of this moving average, which is a sign of the recent support for buyers. In the event that the 200 hour moving mean breaks the target, the next one would be the 100-bar average in the chart of 4 hours, which is 156.708.On the other hand, if buyers gain control, then returning to 158.09, 158.40, and yesterday’s record high of 158.54 could refocus attention to the main resistance level of 158.86.
- GBPUSD is in a three-day decline that saw the price fall down from 1.25747 up to 1.2236. In the current fall the price fell lower than 38.2 percent of the range from the low in September 2022. This level is 1.22524 and will be a major barometer for the rest of the day and into the future. If the level is breached – and remains broken, the sellers will continue to pull lower. If the price is unable to get below that level, then a push upwards can be anticipated with the low of yesterday’s session at 1.2320 as well as the low from last week’s close at 1.23515 as a possible next upward target.
