The US observes a national day of mourning as the former president. Jimmy Carter is laid to rest.
The NYSE and NASDAQ will be close, but futures are open as is the US bond market. In US futures trading, S&P futures are hinting at a -5 point decline. The Dow industrial average is down about -24 points, and the NASDAQ index is down about -20 points.
In the US debt market, yields are lower: 4.264%, -2.7 basis points
- 2 years 4.264%, -2.7 basis points
- 5-year 4.433%, -3.4 basis points
- 10 years 4.656%, -3.6 basis points
- 30 years 4.888%, -4.3 basis points.
Looking at the Forex market, three major currency pairs are mixed:
- EURUSD: In EURUSD, the price action is up and down, and the price is mostly lower at the moment. If I were to look at the two key levels on the upside and downside, .02718 is key support. That level was the swing low from last Friday before moving higher and was yesterday’s low price. It also represents the lowest momentum area on the daily chart going back to 2022. At the top, the 100-hour moving average at 1.0310 is a key upside target. That moving average is located between the swing area between 1.0332 and 1.0343.