New extremes in each

The moves in the USDJPY, USDCHF, and EURUSD are continuing with the dollar under pressue against each

USDJPY: This pair has broken below the 200 hour MA at the 104.48 level and traded down to 104.37 currently (now trading to 104.30). The next target is the 100 bar MA at the 104.14.

EURUSD: The EURUSD has pushed to 1.1050. There is broken trend line resistance overhead at 1.1061. A move above will next target 1.1108 (50% of the move down from the August high).

USDCHF: The USDCHF is testing the 100 day MA at 0.9780. The 100 day MA is at 0.9769. The low has reached 0.9775 so far. KEY support area for this pair. A break will target 0.9718 (trend line on the daily chart).

In other markets,

  • gold is trading at session highs at 1290 (+1.05%)
  • Crude oil futures are unchanged at $46.85. The low got to $46.56 while the high extended to $47.35.
  • US treasury yields got as high as 1.8773% in the 10 year. It is down to 1.8523% now, +2.6 BP
  • US stocks are trading near session lows. S&P is down -0.59% to 2112.50 (currently 2113.70). Nasdaq is down -0.53% to 5157 (currently at 5161)