European Indices End Mixed as Trading Winds Down
The major European stock indices closed the session mixed, with performance varying across the region. Germany’s DEU40 led to the upside, gaining 0.49% at 24,162.66, while France’s CAC40 lagged, falling 0.69% to 8,052.52. The UK’s FTSE 100 (UKX) hovered near unchanged levels, slipping just 0.03% to 9,642.00.
Spain’s market data included duplicate readings for the IBEX 35, both showing the index up 0.13% at 16,734.49, confirming a modest gain on the day. Italy’s FTMIB also posted a respectable rise of 0.33%, closing at 43,574.51.
U.S. stock indices are mixed as London and European traders call it a day
As European traders head for the exits, U.S. equities are mixed in early trading.
Dow Jones (DJI): 47,724.12, down 0.03%
S&P 500 (SPX): 6,854.43, up 0.12%
Nasdaq (IXIC): 23,588.28, up 0.18%
The modest moves reflect a cautious tone ahead of today’s Treasury auction and lingering macro uncertainty.
U.S. Treasury Yields head higher ahead of 10 year auction
The U.S. Treasury market is showing small upward moves in yields across much of the curve:
2-year: 3.6043% (+0.021 basis points)
5-year: 3.7691% (+0.017 basis points)
10-year: 4.1741% (unchanged)
30 year 4.800%, (-1.5 basis points)
Further out the curve, long-end yields dipped slightly, with the 20-year and 30-year down by 0.012 and 0.014 respectively.
A key focal point today will be the U.S. Treasury’s auction of $39 billion in 10-year notes at 1:00 PM ET, which could influence yield direction and risk sentiment into the afternoon session.
Commodities & Crypto: Silver Breaks Above $60 for the First Time Ever
The commodities complex is uneven, with crude oil under pressure while precious metals surge.
US Oil: $58.22, down 1.05%
Gold: $4,206.095, up 0.37%
Silver: $60.115 — up 3.40%, trading above $60 for the first time ever
Bitcoin: $93,727, up 3.40%
Silver’s breakout above the $60 mark marks a historic milestone, underscoring strong investment flows into precious metals as inflation hedges and volatility dampeners.
This article was written by Greg Michalowski at investinglive.com.
NZDUSD Rides Risk Momentum After Hawkish RBA Decision
The NZDUSD is trading higher today, supported in part by strength in its sister currency, AUDUSD, which surged after the Reserve Bank of Australia delivered a more hawkish-leaning decision. While the overall tone is bullish, the upside move has not been a straight line. Early in the U.S. session, the pair dipped lower, but that pullback found strong support at the rising 100-hour moving average, currently near 0.57744.
Holding above that moving average keeps the short-term bias tilted in favor of buyers, reinforcing the notion that the recent correction was a pause rather than a reversal.
Key Fibonacci Level in Play: 38.2% Retracement as a Battleground
Also important today is the 38.2% retracement of the decline from the July high to the November low, which sits at 0.57835. The price has been oscillating around this level, signaling that the market is testing buyer conviction.
For buyers to remain firmly in control, the ideal scenario is to stay above both the 100-hour moving average and the 38.2% retracement. Holding that dual support zone would keep bullish momentum intact and build the foundation for the next leg higher.
Upside Roadmap: 0.5800 and the 100-Day Moving Average
If NZDUSD remains supported above these key intraday levels, the next upside target lies at the 0.5800 handle—a swing high from October and a key pivot point extending back to August. A break above that level exposes the falling 100-day moving average at 0.5809.
Notably, NZDUSD has not traded above its 100-day MA since mid-September. Reclaiming that longer-term moving average would mark a meaningful shift in trend and could unlock additional upside potential.
Beyond that, traders will look toward the 50% midpoint of the broader July–November decline at 0.58476, a level that would serve as a natural technical magnet if bullish momentum accelerates.
Bottom Line: Buyers Are Making a Move—Now They Must Defend It
Buyers have stepped in and are trying to carve out a more constructive bullish structure.
Staying above the 100-hour moving average is the first requirement.
Breaking and holding above the 100-day moving average strengthens the bullish bias significantly.
If these conditions hold, the NZDUSD has room to extend higher into deeper retracement levels and reestablish a broader upward trajectory.
This article was written by Greg Michalowski at investinglive.com.
Canadian Dollar is one of the month’s top performers as markets grow increasingly confident that the BoC has concluded its easing cycle and entered a prolonged pause. Expectations for a steady hold tomorrow are well-priced, and confirmation from Governor Tiff Macklem could open additional upside for Loonie, particularly in crosses. The central bank is widely […]
The post Market looks for BoC to validate long hold view, EUR/CAD targets 1.6, and then 1.58 appeared first on ActionForex.
The Japanese Yen rout shows no signs of abating, pushing the USD/JPY pair to yet another set of monthly highs despite tomorrow’s highly anticipated rate cut from the Federal Reserve, combined with expectations of another hike in Japan. The decisive driver behind the Yen’s continued weakness is the market’s profound distrust of the Japanese monetary […]
The post Yen Rout Continues: USD/JPY Surges to New Monthly Highs Despite Key Rate Decisions appeared first on ActionForex.
Metals have completed yet another round of high-pace rally to new highs since the US government reopened and NY Fed’s Williams delivered his extra-dovish comments. After hawkish fears failed to materialize into real corrections in the bullions, traders were eager to push for such squeezes yet again. But with Gold failing to breach new all-time […]
The post Will Gold (XAU/USD) and Silver (XAG/USD) reach new records with the FOMC? appeared first on ActionForex.
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