The markets are in motion. Stocks are lower. Yields are higher. The USD is higher.

The major markets from stocks to bonds to currencies are on the move again today.

The UK proposed a sharp tax cut along with energy helped to the consumers, and the markets are not taking it well. UK yields are up sharply, stocks are down sharply.

German yields above 2% for the 1st time since 2011.

US yields continued their move to the upside with the 10 year moving above 3.8% earlier today.

US stocks are looking to open lower with the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term set to close below its 200 week moving average.

That has the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term moving higher. What levels would need to be broken in some of the major currency pairs to turned the bias around at the minimum? Otherwise the sellers remain in firm control.

That is the focus in this video.

Specifically I look at the following pairs (the start times are in parenthesis):

EURUSD (2:57)

GBPUSD (5:34)

USDJPY (8:11)

AUDUSD (9:00)