A snapshot of the market before and after the Biden speech

A snapshot of the market before and after the Biden speech shows:

• Dow industrial average moved from -674.33 points to -518.58 points
• S&P index moved from -74.06 points to -49.64 points
• NASDAQ index moved from -260.69 points to -171.16 points
• Russell 2000 move from -33.71 points to -24.96 points

In the precious metals

• Gold move from $1903.87 to $1900.89
• Silver move from $24.02 to $24.21

Oil and bitcoin

• crude oil moved from $91.91 to $91.20
• bitcoin move from $37,740.02 to $38,118

In the US debt market

• two year yield moved from 1.533% to 1.545%
• 10 year yield moved from 1.930% to 1.942%

In the forex,

• USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term. Looking at the USDJPY, the pair is reacting to higher yields. Technically, the price move back above its 100 hour moving average at 115.02. Looking at the five minute chart, the pair is also above its 100 bar moving average on that chart at 115.03. If the price can stay above the 115.00 area now we could see further upside momentum

• EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term: The EURUSD has rebounded modestly off the lows for the NY session at 1.1321. That low stayed above a support at 1.13189. The price needs to see more momentum above 1.13295 and if so could extend up to the 100 hour MA at 1.13475 and the 200 hour MA at 1.1354.