Although yields have stabilized with the 10 year up 4.7 basis points, stocks continue to come under pressure with the NASDAQ index now down -400 points or -2.05%. The S&P index meanwhile is down -93 pointer -1.57%. The small-cap Russell 2000 is also lower by -2.10%.
- Crude oil remains supported as the market reacts to. It is currently up $2.90 and $76.83.
- Gold is up $21.40
- Bitcoin has given up most of its gains and currently trades at 93,000 after reaching a high of $95,238
The USDJPY started to move lower with the price breaking below its 200-hour moving average at 157.665. The price had tested that moving average on three separate days this week.
This article was written by Greg Michalowski at www.forexlive.com.
