Blogs

Markets are misbehaving… The markets are misbehaving.  The market broke after Texas reported a surge in hospitalizations, but the pattern being developed that it will take more than a region to bother the markets. Moreover, the hope regarding coronavirus now in the US is just plow through it. If you are vulnerable, take care of [&hel

Stocks give up gains. Currencies making new extremes The hospitalizations in Texas rising by 11% has sent the markets moving.  The US stocks gave up their gains (seeing a modest rebound).  

100 hour MA above.  200 hour MA below The USDCAD – like the USDJPY (and other pairs today) – stuck in a narrow trading range. The low to high trading range is 60 pips.  That compares unfavorably to the 117 pip average over the last 22 trading days (about a month of trading). There is […]

Major indices off pre-market highs and lows The major US indices are opening with modest gains.  The index futures moved lower in the Asian session but started to climb higher in the European morning. The price has been moving off that high level in early New York futures trading. The prices now are higher but of

100 hour MA above. 100 day MA below The GBPUSD price action today is up and down and choppy. However, it is also ping-ponging between moving average levels. Looking at the hourly chart above, since breaking below the 100 hour moving average in the US morning session yesterday, the price has retested that moving average […]

Trading range is only 28 pips today With a trading range of only 28 pips in the USDJPY, why bother?    The reason is non-trend will transition to trend and the USDJPY has been non-trending.  

100 hour MA stalled the rally earlier today The EURUSD is trading near the session lows and in the process is skimming near the lows for the week, and near the low from last week (at 1.12119).  The Monday low reached 1.11256. The low from Tuesday was at 1.11268. Today's low just reached  1.1122 but […]

The USD is mixed The CHF is the strongest and the EUR is the weakeast of the major currencies as NA traders enter for the day.  The USD is mixed with gains vs the EUR as the most at +0.26% and the largest declines vs the CHF at -0.20%.  The other major pairs are only […]

The euro is retesting the low yesterday against the dollar now For bank trade ideas, check out eFX Plus The dollar is turning firmer against the rest of the major currencies bloc again as we see the ebb and flow continue to play out in the risk mood during European morning trade.

EUR/USD rose to a high of 1.1294 earlier but ran into resistance from the 100-hour moving average For bank trade ideas, check out eFX Plus Although the pair firmed a little earlier in the session, it is back to trading at flat levels now as sellers are still putting up a defense at key near-term […]