European indices close the day lower

The major European indices are ending the day lower. The UK FTSE 100 was the outlier as it closed unchanged on the day:

• German DAX -0.62%
• Frances CAC -0.20%
• UK's FTSE 100 unchanged
• Spain's Ibex -0.47%
• Italy's FTSE MIB -1.08%

Things could've been worse. At session lows, the

• German DAX was down -160.96 points. It closed down -98.27 points
• Frances CAC was down -42.53 points. It closed down -15.21 points
• UK's FTSE 100 was down -22.43 point and closed unchanged
• Spain's Ibex was down -69.79 points and closed down -44.70 points

As London/European traders look to exit for the day, US stocks are lower as well:

• Dow industrial average -106.26 points or -0.31%
• S&P index -22.18 points or -0.53%
• NASDAQ index -66.28 points or -0.54%

In the Forex market, the AUD is breaking to the upside and is the strongest of the major currencies. The NZD is the weakest.

Looking at the AUDNZD AUD/NZD The AUD/NZD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the New Zealand dollar in New Zealand (symbol $, code NZD). The pair’s rate indicates how many New Zealand dollars are needed in order to purchase one Australian dollar. For example, when the AUD/NZD is trading at 1.1500, it means 1 Australian dollar is equivalent to 1.15 New Zealand dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst The AUD/NZD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the New Zealand dollar in New Zealand (symbol $, code NZD). The pair’s rate indicates how many New Zealand dollars are needed in order to purchase one Australian dollar. For example, when the AUD/NZD is trading at 1.1500, it means 1 Australian dollar is equivalent to 1.15 New Zealand dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst Read this Term (up 0.79% on the day), the price moved away from its 100 day MA today at 1.0789 after holding support against the level over the last 4 trading days (see support against the blue line in the chart above). The low price today reach 1.0798 before moving to the upside.

The price is getting closer to its higher 200 day moving average at 1.09460. The high price reached 1.09188 today. The price is not trading above its 200 day moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term since February 22.