Forex news for North American trading on March 26, 2021.
A snapshot of markets near the close of the day/week shows:
- Spot gold is up $5.59 or 0.32% at $1732.52. For the week gold fell $12.73 or -0.73%
- Spot silver is down $0.02 or -0.09% at $25.04. For the week, silver fell $1.20 worth -4.6%
- WTI crude oil futures are up $2.26 or 3.86% at $60.82. For the week crude oil fell $0.59 or -0.96%
- The price of bitcoin today rebounded $2100 or 4.06% to $54,120. The high price today reached $54,322.25. The low price extended to $51,235.25. Last Friday, the price of bitcoin closed at $58,026. at $54,120, the price has declined $3906 or 6.73%
In the US stocks today, the major indices all close higher as a late day buying pushed the indices to new highs. The gains were led by the S&P index which rose 1.66%. The Dow increased 1.39% and the Nasdaq rose 1.24%.
For the week, the S&P index rose by 1.57% and the Dow increased by 1.36%. The NASDAQ fell for the 5th week in 6 by -0.58% as the rotation continues out of the high flyers of 2020 and into the more cyclical stocks. Major European indices ended mostly higher with the France’s CAC and exception. Japan’s Nika index was also lower on the week.
In the US debt market, yields moved higher with the 10 year up 3.8 basis points. The 2-10 year spread also widened to 153.2 basis points from 149.65 basis points at the close yesterday.
Looking at the benchmark 10 year yields in Europe and US shows, the trend was to the downside this week with the UK 10 year falling -8.10 basis points.