US stocks down but off the lows

18 June 2016, 11:33
Sherif Hasan

S&P down -0.36%. Nasdaq the dog -0.82%

the US stock market is down on the day, but off the session lows.

The S&P 500 index is down 6.5 points were my 0.31%. It was down about 14-15 points at the lows.  The high was near unchanged to +1. So current prices are near the midpoint.

The NASDAQ composite index is down  -0.8%, down -38 points. Like the S&P things were worse.  At the lows, the index was down around -52 points.

IN the US debt market today yields are higher:
  • two-year note 0.6927% +1 basis point.
  • 5. Your notes 1.116% +3 basis points.
  • 10 year note 1.6129% +3 basis points
  • 30 year bond 2.429% +3 basis points
Gold is trading up 1.20%  on the day at 1296 and Crude oil is trading at $47.65, plus 3.27% The low went all the way down to $45.83. The high has been $47.74

In the currency markets, the GBPUSD has push back above the 100 day moving average at 1.43498. In currently trades at 1.4378. 

The EURUSD is slower to react. but it currently is testing the 200 hour moving average of 1.12859.  There is other resistance up at 1.1300.  The high from June 15 came in at 1.1297. The high for June 16 came in at 1.12945. The highs for June 14 came in at 1.1297.   Sorry folks but I cannot put much faith or risk into a trade on a Friday afternoon before weekend where risk for the EU referendum looms.  Liquidity conditions are light.
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