The dollar loses a bit more ground to start the session For bank trade ideas, check out eFX Plus European equities are keeping modestly higher now and US futures are also pushing a little higher on the session, keeping the dollar slightly weaker on the day.
Blogs
AUD/USD creeps back towards 0.6900 as risk mood improves a little to start the session
The dollar eases a little as US futures pare losses For bank trade ideas, check out eFX Plus AUD/USD is seen climbing back above its 100-hour MA (red line) in a move back to 0.6900 as US futures pare losses to start European morning trade.
With 30 minutes to go in trading, US indices are near the midpoint of the day's ranges
Still holding onto a solid gains With 30 minutes ago and the trading day, the major indices are still comfortably higher. However, they are also in the middle of their trading ranges.
Crude oil futures settle at $38.38
Up $1.26 or 3.39% The high price reached $39.06. The low price extended to $36.38. Technically, the price remains above its 100 day moving average at $36.10. The next resistance comes in at $40.11.
NZDUSD stays below 100 hour MA. Can the level continue to stall the rallies.
Barometer for the buyers and sellers The NZDUSD has been waffling higher and lower. The NY session started higher and testing the 200 hour MA (green line currently at 0.6485) but started tomove lower with the help of worsening coronavirus data from Florida, Texas, increases in response level in Beijing to level 2, and some […]
GBPUSD stays below 100 hour MA. Bias is lower.
Could not get above 200 day MA The GBPUSD opened the NY session higher and moved up to retest the 200 day MA at 1.26802 (see earlier post). The price could not extend above that key MA level (it was the 2nd test of the day), and when the price fell back below the 200 […]
USDJPY retests 100 hour MA as it continues to waffle (but above the MA)
It will take a move below the MA to hurt the short term bias While other pairs have ranges that are above or well above the 22 day average ranges, the USDJPY range has only a 43 pips vs a 22 day average of 68 pips (the USDCHF is below at 60 vs 72 average […]
FX option expiries for Wednesday June 17 at the 10am NY cut
EUR/USD USD/JPY USD/CAD EUR/GBP For bank trade ideas, check out eFX Plus
RBNZ Governor Orr – still has plenty of ammunition
Reserve Bank of New Zealand Gov Orr in an interview with CNN – Very pleased with impact of QE, pointing to lower interest rates lower, flatter yield curve Next steps could include
PBOC sets USD/ CNY central rate at 7.0873 (vs. yesterday at 7.0755)
People's Bank of China Skipped OMOs today. – 60 bn yuan of RRs matured, thus a net drain For bank trade ideas, check out eFX Plus