I posted on Friday that
, info from CEO Brian Armstrong on an investor call.
Also on Friday were words (via tweet) from flagging „Potentially promising“ developments for the coin.
Forex news for North American trading on May 14, 2021
The week is ending with the USD as the weakest of the major currencies today. The NZD was the strongest.
Stocks close near session highs
The major US stock indices are close higher for the second consecutive day.
Some other highlights for the day/week
– Week ends with 2 strong days higher after three down days to start the week
the final numbers are showing:
Weekly forex futures positioning data from the CFTC for the week ending May 11, 2021.
– EUR long 94K vs 85K long last week. Longs increased by 9K
– GBP long 28K vs 20K long last week. Longs increased by 8K
100/200 hour MA at 0.7776 area
The AUDUSD after testing the 100/200 hour area for 5 consecutive hourly bars has made a break for it with a break above the MA levels currently near converged at 0.7775 to 0.7777. The price is currently trading at 0.7785.
100 day MA is at 13438.47 currently
The NASDAQ index continues its move to the upside and is currently trading up over 300 points or 2.3% at 13428.03 (that is the high). The last move to the upside took the price back above its 50 hour moving average currently at 13407. The next target comes in at the 100 day
The press conference is scheduled for 1600 GMT
UK prime minister, Boris Johnson, did express some concern yesterday over virus variants but it is unlikely to see that derail plans on the economic reopening just yet.
ECB releases the minutes of its April policy meeting
Nothing that we don’t already know from the ECB since the meeting last month. Carry on as you will.
10-year Treasury yields down 2 bps to 1.637%
The high this week hit 1.70% but that seems a bit of a distance away now. In turn, that has also flipped the switch for some light pressure against the dollar today.
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