Bond yields off a bit. Stocks off highs and Nasdaq gets crushed.

The US dollar rise has stalled.

  • The USDJPY has moved back below the 200 day MA at the 106.58 level and was able to keep a lid at 107.00
  • The EURUSD is back up to 1.0900 after making new lows at 1.0864 but not being able to get below the next target at 1.0858. The 1.0910 is still a level to eye above.
  • The AUDUSD peeked below the 100 day MA at 0.7587 but not for long
  • The NZDUSD found support against trend line and retracement support at 0.7174 and is bouncing into overhead resistance.

The US stock market is off highs and the S&P trades down, the Nasdaq is getting trashed (-1.57%). The Dow is up 100 but off the record highs.
Things are not really unraveling (except the Nasdaq) but there is a stall.