The NASDAQ index has given up all the gains and traded negative on the day. The high price reached 24921. The low price just extended to 23931.
The Dow and S&P remain positive on the day with the Dow up 198 points or 0.55% the S&P is up around 20 points or 0.48%
US yields have seen a rebound to the upside which has helped to dampen the spirits in the stock market.
The 2 year is still marginally lower, but the 5, 10 and 30 year yields are now higher.
- 2 year 3.198%, -1.8 basis points
- 5 year 2.944%, +1.9 basis points
- 10 year 2.840%, +5.5 basis points
- 30 year 3.114%, +8.1 basis point
The USD is also moving higher in reaction to the reversal of the yields.
- EURUSD could not extend above its key swing area above up to 1.0368. The price is trading at 1.0323 currently
- USDJPY has move back above a swing area between 132.24 132.479 and turned to sellers into buyers. It currently trades at 132.82.
- GBPUSD found sellers near a topside swing area between 1.2337 and 1.2345. It is currently back down trading at 1.2207
