Market Commentary

US30 - Recovers from Three Month Low Below 25300 as Trade War Escalates

on May 15, 2019 | By Stuart McPhee | DJIA, US30

In the last couple of weeks the US30 index has eased lower and fallen sharply in the last 48 hours back to a three month low below 23500, before rallying a little in the last 24 hours back up above 25500. Prior to this decline, the index had done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600.

Market Recap: 6 - 10 May

on May 13, 2019 | By Stuart McPhee | AUDUSD, USDJPY, UKOil, US30

On Tuesday last week we covered the AUDUSD which has continued to do very little trading under the current key level of 0.7050. In the last couple of weeks the AUDUSD has continued to decline further moving to a four month low under 0.70, which all started several weeks ago when it dropped very sharply to near 0.70 within 24 hours and this saw it fall below the key 0.7050 level to a six week low.

US30 - Drops to Key 26000 Level as Trade War Fears Crush Stocks

on May 8, 2019 | By Stuart McPhee | DJIA, US30

In the last week or so the US30 index has eased lower and fallen sharply in the last 24 hours back to the current key level of 26000. Prior to this decline, the index had done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600. Despite its fall in the last week, it has now consolidated in the last few weeks and is receiving support from 26000 allowing it to remain above this key level, for the time being.

Market Recap: 29 April - 3 May

on May 6, 2019 | By Stuart McPhee | EURUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the US30 index which spent the remainder of the week easing back towards the key level of 26000. Up until the last few days, it had all been positive news for the index, moving steadily higher pushing through the resistance at the key 26000 level and moving to a six month high above 26600. It spent a week or so consolidating a little and was receiving some support from around 26500 to keep it up near the all time high.

US30 - Trades Near Six Month High Above 26600, as U.S. Economy Grows 3.2% in Q1

on April 30, 2019 | By Stuart McPhee | DJIA, US30

The US30 index has done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600. It has now consolidated a little in the last couple of weeks and is now receiving support from this level allowing it to remain above this key level.

Market Recap: 15 - 19 April

on April 22, 2019 | By Stuart McPhee | EURUSD, AUDUSD, DJIA, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which for the first time in some time left the prevailing range and traded above the key 0.7150 level for most of the week. The AUDUSD continues to frustrate many a trader as it continues to move little as it spends most of its time in the range roughly between 0.7050 and 0.7150.

US30 - Trades at Six Month High Above 26000, as Fed May Sit for a While

on April 17, 2019 | By Stuart McPhee | DJIA, US30

The US30 index has done well in the last couple of weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high. It has now consolidated a little in the last couple of weeks and is now receiving support from this level allowing it to remain above this key level.

US30 - Surges to Four Month High as Some Believe Fed Needs to Cut Rates

on April 2, 2019 | By Stuart McPhee | DJIA, US30

The US30 index has surged higher in the last 24 hours to push through the resistance at 26000 and move to a new four month high. It has been slowly climbing higher in the last few days and may have been caught by the selling at 26000 level again, however that has clearly given way to significant buying pressure. The US30 index seems to have been content to trade in a narrow range roughly between 25400 and 26200 for the last month, before the recent break.

Market Recap: 18 - 22 March

on March 25, 2019 | By Stuart McPhee | EURUSD, AUDUSD, DJIA, XAUUSD, US30, Gold

On Tuesday last week we covered the EURUSD which finished the week falling strongly back to the current key level of 1.13. In the last couple of weeks the EURUSD has rallied well and returned back above the 1.13 level after dropping sharply to an 18 month low around 1.1175. It performed a similar rally several weeks ago moving back above the key level of 1.13 after having dropped to a then three month low below 1.1250, which moved it to a three week high above 1.14.

US30 - Easing Below 26000 Level as Fed Officially Announces Rates Plan for 2019

on March 21, 2019 | By Stuart McPhee | DJIA, US30, US Federal Reserve

The US30 index has eased in the last day or so, after spending the previous week rallying well. The previous two weeks saw the index ease from a three month high around 26200, which has now resulted in the US30 index trading in a narrow range roughly between 25400 and 26200 for the last month. In early February the index seemed content to have consolidated in a narrow range right above the significant level of 25,000 before it began its slow climb higher.

US30 - Recovers from Three Month Low Below 25300 as Trade War Escalates

Market Recap: 6 - 10 May

US30 - Drops to Key 26000 Level as Trade War Fears Crush Stocks

Market Recap: 29 April - 3 May

US30 - Trades Near Six Month High Above 26600, as U.S. Economy Grows 3.2% in Q1

Market Recap: 15 - 19 April

US30 - Trades at Six Month High Above 26000, as Fed May Sit for a While

US30 - Surges to Four Month High as Some Believe Fed Needs to Cut Rates

Market Recap: 18 - 22 March

US30 - Easing Below 26000 Level as Fed Officially Announces Rates Plan for 2019

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