US yields have moved higher with the 10 year yield now up 6.6 basis points at 4.048%. Stocks have move lower with the Dow industrial average and the S&P now negative. The NASDAQ index did go into negative territory but is bouncing back and trades up 0.40% and volatile trading
Fed Powell says that a December cut is not assured.
EURUSD: The EURUSD fell below the 100 and 200 hour moving averages near 1.1633. The price is testing a lower swing area between 1.1581 and 1.15976.
GBPUSD: The GBPUSD has reached the lower target defined by the swing area and the 38.2% retracement of the 2025 trading range. Both those levels come near 1.31403. The low price of just reached 1.3141. Key barometer for both buyers and sellers being tested right now.
USDJPY: The USDJPY has moved higher and moves closer to the highs from October at 153.269. The high has reached 153.06 so far. Get above and the buyers take more control from the sellers. The 100 hour MA at 152.52 is the close risk.
