US stocks are off and running and the indices are mixed

Nasdaq up marginally The US stocks are off and running and the indices are mixed with marginal gains/losses.  A snapshot of the major indices currently shows:

USDJPY swings down and up between ....well swing areas

Support at 105.239 -105.289. Resistance at 105.537-105.60 The USDJPY has swung down and up today.   The first move in the Asian session was initially higher with the 105.537 level  (low of 105.537 to 105.60 - see red numbered area) stalling that swing run higher.  

EURUSD testing the low yesterday/for the week

The low for the week comes in at 1.16258 The EURUSD is down testing the lows for the day/the low from yesterday/the low for the week.  The low for the week (and yesterday) reached 1.16258. The low today just reached to 1.16268.  A move below should open the downside for more probing.  

US August prelim durable goods orders +0.4% vs +1.4% expected

US durable goods orders for August - was +11.4% - Durables ex transportation +0.4% vs +1.0% expected - Prior ex transportation +2.6% - Prior capital goods orders non-defense ex-air +1.9% (revised to +2.5%) Don't be fooled by the headline, core orders were strong in August with an upward revision.

The NZD is the strongest while the EUR is the weakest as NA traders enter for the day

The USD is marginally higher.  It's Friday. It's Friday!  That can mean a lot of things but with all the uncertainty from Covid, to elections, to will there be a transition from elections, to new stimulus or no new stimulus, to Brexit, etc. the volatility meter could be all over the place.  The morning snapshot shows

Durable goods orders and more Fedspeak are on the US agenda

Durable goods orders coming up next Markets are in a sour mood once again with S&P 500 futures down 10 points to erase yesterday's gain. The risk on the is from durable goods orders at the bottom of the hour. The August prelim report is forecast to show a 1.4% rise along with a 0.8% climb

ForexLive European FX news wrap: Dollar firms as risk-off mood bites

Forex news from the European trading session - 25 September 2020 Headlines: Markets: - NZD leads, EUR lags on the day - European equities lower; E-minis down ~0.6%

Risk aversion grips the market ahead of North American trading

It is turning into a full risk-off swing in the market now The dollar is firming across the board as such, with risk assets elsewhere also taking a hit. Oil is down 1% and gold is down by 0.6% on the session currently.

Spain recommends for Madrid to go into total lockdown

The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions.

Dollar firms as stocks start to slip further on the day

Slight hints of risk aversion kicking in The aussie has also pared gains against the greenback in a drop to 0.7050 from 0.7070-80 levels earlier, as European indices extend losses to a little over 1% right now:

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