US dollar continues its run higher. Greenback makes new highs vs EUR, GBP, JPY CAD and NZD | Forexlive
The USD is continuing its run to the upside. The USD is making new highs versus the:
- EUR
- GBP
- JPY
- CAD
- and NZD
The only currency the USD is not stronger against is the AUD today The AUD is the strongest of the major currencies. The EUR is the weakest.
- The USD is now 0.77% higher vs the EUR. In the process, it has now broken below its 100-hour MA and the 50% of the move up from the October 13 low at 1.0594 area. The low reached 1.0582 so far.
- The GBPUSD is also breaking lower and is now trading below its 200 and 100-hour MAs at 1.2176 and 1.2167 respectively.
- The USDJPY is back above its 100-hour MA at 149.808 and moves toward the 150.00 level. The price is at 149.884 currently
- The USDCAD is now above a key swing area between 1.3735 to 1.3743 and looks toward the extremes for October up to 1.37848.
- The NZDUSD just fell back below its 100-hour MA at 0.5838. Staying below that MA will keep the sellers in firm control going forward.
As the USD goes higher, crude oil is moving lower. The price of crude oil is trading near lows at $83.11. The price is now within a key swing area between $82.35 and $83.32.
Move below that area, would increase the bearish bias and have traders looking toward the 100-hour MA at $80.60 (blue line on the chart below).
US rates have been somewhat steady despite the USDs run higher.
- 2 year yield 5.114%, up 5.2 bps
- 5 year yield 4.831%, up 3.8 bps
- 10 year yield 4.858%, up 2.1 bps
- 30 year yield 4.993%, up 0.5 bps