Forexlive Americas FX news wrap: Stocks get hammered & close near session lows for 3rd day 0 (0)

WTI crude oil futures settles at $85.14 to end the trading week
Not so fast with that breakout in Treasury yields
OPEC+ continues to struggle to meet its production quotas
Beijing reports 12 new covid infections
Baker Hughes oil rig count falls 1 to 491
Yellen: Inflation is

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Another bloodbath as the S&P 500 closes below the 200-DMA Worst week since March 2020 0 (0)

The 200-day moving average in the S&P 500 is not to be taken lightly. The last time we had a genuine break below was at the start of the pandemic and it was a free fall from there. Notably, a few minor incursions (pun intended) below have ultimately been buying opportunities.

On the day:S&P

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What’s coming up on the US earnings calendar next week 0 (0)

After the painful drops in US financials after earnings followed by today’s 23% drop in Netflix after disappointing guidance, it’s a daunting time to be reporting.
Here’s a look at who is on the earnings calendar next week. The main event is also the FOMC decision on Wednesday and that will be follo

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WTI crude oil futures settles at $85.14 to end the trading week 0 (0)

The price of WTI crude oil futures are settling at $85.14 to end the trading week. That is down $0.41 or -0.48% on the day.
The high price reached $85.56. The low reached $82.78. 
The high prices reach reached $87.10. The low for the week was on Monday at $81.58. The high price was a new seven year

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Not so fast with that breakout in Treasury yields 5 (1)

The breakout in bond yields isn’t exactly going to plan.The ugly turn in the risk trade is hitting hard with 10-year yields now down 8 basis points to 1.749%. Importantly, that’s below the old 1.77% breakout line and if we close down here it will invalidate the breakout on the weekly candle.

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