Forex Blog by Greg Secker

Following weaker than expected Non Farm Payroll data on Friday the DOW fell down through the support line closing the session down 394 points, which is the biggest fall in a day for over a year The S&P fell 43 points and the NASDAQ fell 75 points. The FTSE, writes Greg, 100 gapped higher at the open but ran into resistance in the morning where it turned, then followed the US lower after the weak data to end the session down 88 points. Futures – DOW is called up 25 points, FTSE is called down 30 points. Oil spiked up $10 on Friday and is currently trading at $137.50 a barrel, Gold is trading at $903. 

The DOW pushed higher at the open after some better than expected figures from Wal Mart, ending the sessions at the highs and closing the day up 214 points. The S&P added 26 points and closed just under the 200 ema, the NASDAQ has bounced off the trend line and closed up 46 points at new highs in the current up trend. The FTSE, writes Greg, 100 traded sideways all day below the 6000 level a break of this level could see a push high in the next few trading sessions. Oil had its biggest one day climb ever yesterday and is currently trading at $128.64 a barrel and gold had a bullish day, currently trading at $884.70. 

The DOW traded higher at the open up to the 12500 level but fell back to close the session down 12 points just below the 12400 level, a break of the recent lows at 12350 to spark a larger decline. The S&P closed flat, NASDAQ ended the session up 22 points. The FTSE, writes Greg, 100 gapped lower at the open and continued to trade lower for most of the session before putting in a small rally at the close to end the day down 87 points. Futures – DOW is called up 5 points, FTSE is called down 15 points. Oil is trading at $121.88 a barrel and gold at $879.50. 

The DOW fell at the open trading down to the 12350 level where it found some support to put in a small rally at the closed but still finished down 100 points at the 12400 level. The S&P fell 8 points and the NASDAQ closed down 11 points. The FTSE, writes Greg, 100 traded sideways for most of the session but did put in a rally to the close to end the session up 50 points. Futures – DOW is called up 10 points, FTSE is called down 35 points. Oil is trading at $124.37 a barrel and gold at $882.80. 

The DOW fell at the open down to the 12400 area where it found some support to close the session around the 12500 level and down 134 points on the day. The S&P closed down 14 points and the NASDAQ fell 31 points. The FTSE, writes Greg, 100 broke to the down side of the consolidation ending the day down 45 points. Futures – DOW is called down 25 points, FTSE is called down 20 points. Oil is trading at $127.42 a barrel and gold at $898.30.

The DOW had a very quiet trading day on Friday as it consolidated ending the session up 8 points. The S&P added 2 points and the NASDAQ added 14 points. The FTSE, writes Greg, 100 continues to build its consolidation ending the session down 14 points. Futures – DOW is called down 20 points, FTSE is called down 5 points. Oil is trading at $126.94 a barrel and gold at $886.60.