Stocks move to new lows. The dollar trades to new highs

The US stocks are trading to new lows with the:

• Dow down -550 points -1.65%
• S&P -67.0 points or -1.74%
• NASDAQ -228 points or -2.15%

While the stocks moved lower, the dollar is moving higher. There has been the pattern seen the last few days when the dollar moved lower for 3 consecutive days in the stocks moved higher for the same period.

Taking a look around the forex markets:

• EURUSD: The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term is trading back below the parity level and moving farther away from its 100 day moving average 1.00366. A swing area between 0.9965 and 0.9975 is next target. Below that, the 100 hour moving average at 0.99532 is the next major target on the downside.

• 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 to a new high and in the process is testing its 100 hour MA at 146.726. A swing area between 146.81 to 146.985 followed by the 200 hour MA are the next upside targets on more upside. The current price is stalling at the 100 hour MA so far but still close to that level.

• GBPUSD