High for the day was up 1.13% earlier in the session. The low for the day was up 0.62% The S&P index is up 23.3 points or 0.62% at 3791.59. At the high the S&P index was up 0.87%. The low was at 0.32%
Yellen on debt financing More from Treasury Secretary nominee Yellen: With interest rates so low, the risks for the surge in US debt is a precipitous rise in interest rates. Borrowing longer-term and matching against longer-term infrastructure investment programs makes sense. However, it is a small piece of the overall debt that the US will need to fund .
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German DAX -0.2%. UK FTSE 100 down -0.15% looking at other markets as London/European traders look to exit:
Trading away from its 100/200 hour moving averages Trading yesterday so the price move back above the 100 and 200 hour moving averages but stalled just ahead of the 61.8% retracement of the range since January 8 at $37,445.78. The subsequent fall move back below the aforementioned moving averages once again.
The price is below a swing area at 0.7113 and 0.7120 The NZDUSD has traded back down to test the Asian session low at 0.70995. The price reached 0.71018 the last hourly bar (see chart below).
Watch Yellen's testimony Nice fireplace.
The AUDUSD is trading up to the 100 hour/200 hour MA The AUDUSD moved higher in the early Asian session - holding above support in the 0.76584 to 0.7665 area. The low in the first hour of trading was just above that area at 0.7668.
No venturing out until Valentine's Day Germany is mulling curfews as it tries to keep a lid on the virus. Elsewhere, the numbers on the virus have been improving in the UK and US.
