TECHNICAL ANALYSIS

US stocks turn lower before President Powell Presser


A look at the markets before his press conference

US stocks fell back just ahead of President Powell’s scheduled press conference at the bottom of the hour.

A market overview a few minutes before the start shows:

  • S&P Index -78.14 points or -2.03% to 3,771.45
  • NASDAQ Index -238 points or -1.75% at 13,386.03
  • Dow -492 points or -1.6% at 30,443.14

In the US debt market, the 10-year yield is trading at 1.009%, -2.5 basis points. The low yield today has risen to 0.9992%

A look at the markets before his press conference_

In the forex market, the US dollar is the strongest, while the AUD is the weakest.

The US dollar is still the strongest of the majors More specifically in forex:
  • EURUSD: 1.2105
  • GBPUSD 1.3704
  • USDJPY 104.13
  • USDCHF 0.8889
  • AUDUSD 0.7675
  • NZD USD 0.7176
In other markets

  • Spot gold is trading down -7.30 or -0.4% 1,843.45
  • Cash is trading down $ 0.22 or -0.88% $ 25.24
  • WTI crude oil futures are trading at $ 52.71 up $ 0.10

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