Dow gives up 700 point gain

The Dow has moved into negative territory giving up a 707.24 point gain.The indiex is down -24 points now or -0.07%

The S&P was up 110.39 points at the high. The index is now up 14.6 points or 0.37%.

The Nasdaq was up 427.9 points. It is currently up only 62 points or 0.56%.

Easy come. Easy go.

In the forex, the dollar selling has seen some slowing but the declines remain.

EURUSD is testing its 38.2% retracement of the run up from the pre-release low at 1.05276. That 38.2% retracement comes in at 1.0617. The low price just reached 1.06184

USDJPY. The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term is trading back above its 100 day moving average at 135.254, but is not running. The corrective high could not extend to the earlier corrective high near 135.367… yet at least.

In the US debt market market the two year yield is off its low level but still down -18 basis points at 4.22%. The low yield reached 4.141%

The 10 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term is down 11.2 basis points at 3.4994%. The low yield reached 3.421%

The 30 year is down -8 bp at 3.496%. It's low yield reached 3.451%.

The US treasury will auction off 29 year and 11 month bonds at 1 PM ET. The 10 year auction was met with tepid demand especially from overseas buyers yesterday.