Major US stock indices of continuing in their tumble with the NASDAQ leading the declines.
A snapshot of the market currently shows:
The small-cap Russell 2000 is down -1.02%.
The NASDAQ index is moving away from it's 200-hour moving average of 19639.85 after breaking below earlier today retracing back to the moving average level and finding willing sellers (green line on the chart below).
The US 10 year yield has reached a high of 4.699%. It is currently trading just below that at 4.687%. That is up from it September low of 4.60%. The next target comes at the April 25 high yield of 4.74%.
Risk sentiment is also being reflected in the price of bitcoin. It is currently down $6000 or -5.88% and $96,279.
This article was written by Greg Michalowski at www.forexlive.com.
A snapshot of the market currently shows:
- Dow and industrial average -0.42%
- S&P index -1.07%
- NASDAQ index is 1.85%.
The small-cap Russell 2000 is down -1.02%.
The NASDAQ index is moving away from it's 200-hour moving average of 19639.85 after breaking below earlier today retracing back to the moving average level and finding willing sellers (green line on the chart below).
The US 10 year yield has reached a high of 4.699%. It is currently trading just below that at 4.687%. That is up from it September low of 4.60%. The next target comes at the April 25 high yield of 4.74%.
Risk sentiment is also being reflected in the price of bitcoin. It is currently down $6000 or -5.88% and $96,279.
This article was written by Greg Michalowski at www.forexlive.com.