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Forex Today: Major US Indices Hit All-Time Highs
Both the Dow Jones 30 and S&P 500 sit at all-time highs; the DAX finds fresh highs; crude oil slices below $80; the US Dollar attempts to stabilize against the Yen.
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Chief Analyst and Director of Content
Marcus joined PipDig in 2013 as in-house Chief Analyst, with over a decade of experience in global financial markets including six years at a major investment bank.
Marcus Hale began his role at PipDig in 2013 when he was brought in as an in-house Chief Analyst. Marcus trades Forex, stocks and other instruments in his own account. He believes that it is very possible for retail traders to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks — provided only reputable brokerages are used. He previously worked within financial markets over a 12-year period, including six years as an Assistant Vice President at a major global investment bank.
Both the Dow Jones 30 and S&P 500 sit at all-time highs; the DAX finds fresh highs; crude oil slices below $80; the US Dollar attempts to stabilize against the Yen.
The German index printed fresh record highs above €26,000 as European equities continue to outperform on rate-cut optimism.
GBP/USD sits near 1.3500 as US Treasury support for the yen and firm US yields shape dollar momentum, keeping traders focused on the next breakout.
The yen continues to recover after a protracted attempt by policymakers to shore up the battered currency; equity indices push higher while crude retreats.
Our weekly look across majors: the yen recovery dominates, gold coils tighter, and EUR/USD refuses to leave its range.
USD/JPY rallies continue to be sold as intervention fears dominate, keeping the pair pinned below its former breakout level.
EUR/USD attempts a fragile recovery as the Fed's rate hold, bond market skepticism, and lingering technical damage leave this pair testing support with caution.
The NASDAQ 100 continues to climb as mega-cap earnings beat expectations, though breadth warnings persist beneath the surface.