Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

The AUD is the strongest and the CHF is the weakest as NA traders enter for the day

A.R Chowdhury by A.R Chowdhury
March 7, 2022
Reading Time: 8 mins read
0
The AUD is the strongest and the CHF is the weakest as NA traders enter for the day

Forex

The AUD and NZD are the strongest and the CHF is the weakest as the North American session begins. The AUD and NZD continue to get a boost from higher commodity trends. The CHF weakened after the SNB said it would look to intervene to weaken it’s currency. The EURCHF reached a low of 0.9971 but has bounced and trades at 1.0079.

Russia continues shelling Ukraine as the invasion is now in day 12, but talks will resume today between the two nations. Moscow has reiterated that shelling would stop with the caveats that have been rejected by Ukraine already (see Justin’s post here). Is there a compromise somewhere? Zelensky continues to push toward a no-fly zone, but US/NATO are apprehensive for fear of much further escalation (with talks of WWIII).

Meanwhile oil surged, but is lower. Wheat moved to another all time high and up limit at 1294. Gold moved higher and above $2000, but has backed off. Stocks are lower but off the lows.

A snap shot of the markets are showing:

  • Gold is trading at $1983.15 up $12.79 or 0.64%. The price traded up to $2002.57 and above $2000 for the first times since August 19, 2020 before coming off those lofty levels
  • Crude oil is trading at $120.54 up $4.80 on the day. The price overnight moved up to a high of $130.50 area before backing off. It is still higher but trading near session lows. Hopes for an Iran deal is a hope. Reports of loosening sanctions on Venezuela is a possibility. Does the US open up production and open up more supply from Canada. On Sunday, Alberta’s Energy Minister Sonya Savage, “Alberta has some spare pipeline and rail capacity and can move more oil to the United States”.
  • Bitcoin is trading at $38637. The price low today reached $37592.73. The high over the weekend reached $39701on Sunday. On Friday, the price closed near $39175

In the premarket for US stocks, the major indices are off their lows seen earlier today. The Dow was down about -550 points at the overnight session lows:

  • Dow, -322 points after Friday’s -179.86 point decline
  • S&P -25.5 points after Friday’s -34.62 point decline
  •  Nasdaq 
    NASDAQ

    The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.

    The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.
    Read this Term
    is down -125 points after Friday’s -224.50 point decline

In the European  stock market 
Stock Market

A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still done through brokers and electronic trading platforms. What Makes Up the Global Stock Market?The stock market itself consists of a global network of stock exchanges, which most developed countries have access to. Presently there are over 60 such exchanges with a total market capitalization of over $70 trillion.The largest stock markets are the United States, Japan, and Great Britain, with numerous other exchanges worldwide following behind. Retail investors rely on the stock market for all their equity or share trading needs. This function has been assumed by online stock brokers, which have largely replaced the need for dealing with popularized trading floors for retail trading needs.A stock broker is an agent or intermediary between investors and the stock market. Stock brokers play an important role in online trading and have grown in scale and coverage in recent years.Stock brokers historically have charged for transactions and other services though crucially have shifted to commission-less transactions over the past few years after being disrupted by fintechs and other companies.

A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still done through brokers and electronic trading platforms. What Makes Up the Global Stock Market?The stock market itself consists of a global network of stock exchanges, which most developed countries have access to. Presently there are over 60 such exchanges with a total market capitalization of over $70 trillion.The largest stock markets are the United States, Japan, and Great Britain, with numerous other exchanges worldwide following behind. Retail investors rely on the stock market for all their equity or share trading needs. This function has been assumed by online stock brokers, which have largely replaced the need for dealing with popularized trading floors for retail trading needs.A stock broker is an agent or intermediary between investors and the stock market. Stock brokers play an important role in online trading and have grown in scale and coverage in recent years.Stock brokers historically have charged for transactions and other services though crucially have shifted to commission-less transactions over the past few years after being disrupted by fintechs and other companies.
Read this Term
the major indices are lower but off lows as well.

  • German Dax is down -1.6%. The low reached -5.03%
  • France’s CAC is down -1.4%. The low reached -5.04%
  • UKs FTSE 100 is down -0.55%. The low reached -2.94%
  • Spain’s Ibex is down -1.3%. The low reached -5.62%
  • Italy’s FTSE MIB is down -0.4%. The low reached -6.10%

In the US debt market, yields have moved higher in a bounce back after last week’s move lower and a flattening of the yield curve. .

Yields

In the European debt market, the 10 year yields have also seen a rebound higher in trading today.

Euro yields

ADVERTISEMENT – CONTINUE READING BELOW

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

Source link

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
Gold turns negative on the day after trading above $2000 for the first time since Aug 2020

Gold turns negative on the day after trading above $2000 for the first time since Aug 2020

GBPUSD trades within a lower swing area. Finding some support buying

GBPUSD trades within a lower swing area. Finding some support buying

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

GBPUSD price action makes you want to lie down until the feeling to trade goes away

April 7, 2022

NAHB housing market index for May 37 vs. 35 estimate

May 19, 2020

Traders waffles above and below the 200/100 hour MA levels.

June 25, 2020

Popular Stories

  • New highs for US stocks. The Nasdaq continues to lead

    New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • Bitcoin technical analysis, bulls might be giving up soon

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.