Blogs

Bitcoin markets continue to show signs of support underneath, although the Friday session was relatively quiet.

Silver markets have pulled back slightly during the trading session on Friday, reaching down towards the $17.50 level, an area that begins a supportive level down to the $17.25 level, possibly even as low as $17.00 underneath.

The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Friday, reaching down towards the $35 level.

The Indonesian Rupiah has accomplished a valid strong trend and seen the USD/IDR be sold consistently since the height of the IDR’s weakness in early April.

The gold market initially tried to rally during the trading session on Friday but found the $1750 level to be resistant, which I think extends all the way to the $1775 level.

Gold Futures dropped 3.23 percent last week, as risk appetite fades in the markets given the shattering expectations for a V-shaped recovery.

Trade idea from TD Consider selling the New Zealand dollar against the loonie this week, TD research says in its weekly FX pick. They recommend selling from spot with a target of 0.8575 and a stop at 0.8950.

Virus could be more contagious A in the Global Times cites the deputy director of the pathogen biology department at Wuhan University saying the new outbreak in Beijing may be more contagious than the one in Wuhan.

Two strategies put to the test In many ways, the coronavirus is a test of different governments to handle a similar problem. Western Europe was hit first by the coronavirus but being ravaged for weeks and a strong lockdown, it's emerging with a relatively low number of daily cases. That's aiding a slow, steady reopening.

That's better than the weekend numbers Florida is a closely-watched state but also a confusing one because there are numerous problems with the data. There was a spike on the weekend but the governor blamed it on isolated outbreaks in prisons and long-term care homes.