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Latest data released by the Federal Statistics Office – 15 June 2020 – -1.3% – Producer and import prices -4.5% y/y – Prior -4.0% For bank trade ideas, check out eFX Plus

S&P and Dow Indices joins the NASDAQ index in erasing earlier declines Both the S&P index and the Dow industrial average has turned positive and in the process erased sharp earlier declines.  The NASDAQ index continues to lead the way. It is currently trading up 0.67%.

July contract currently up $0.34 or 0.91% at $36.60 the price of crude oil has turned positive. After trading as low as $34.36, the price has been rebounding along with equities and concerns about the coronavirus. The prices just reached a new session high $36.65. That's up $0.37 or 1.02%.

Up on day after -1.94% decline The Nasdaq index has erased earlier declines that's all the index down -1.94% at the lows. The index is currently up 0.18% or 17.73 points at 9605.57. The high price just reached 9607.059.

German DAX -0.3% The low percentage changes for the major pairs reached: The index remains below its 200 day moving average above at 12141.01. Trading between the 100 day moving average below and the 200 day moving average above will keep the buyers and sellers guessing. The direction will likely be contingent on the expe

Dips just below the Asian session low but holds 1.3600. The USDCAD is breaking to a new session low and in the process has moved back below the broken 38.2% retracement at 1.35945.   The next target comes in against the swing high going back to June 3 at 1.35716.

Falls back toward 100 hour MA The USDCHF has fall to new lows as the US dollar weakens.  The price low has now reached 0.94799. The pair is approaching the 100 hour MA at 0.94719.

Back above broken trend line The AUDUSD has moved to a new session high as stocks rebound off session lows. The price has moved back above a broken trend line at 0.68325, and back above and away from its 38.2% of the move up from the May 15 low.  That level comes in at 0.68102. 

The S&P and Dow indices down over -2.2% The week of trading is open, and the major stock indices are opening weaker on the day. The Dow and the S&P art down the most (-2.2%). The NASDAQ index is performing relatively better, but is still down around -1.7%.

Above the 100 day MA The GBPUSD – like other pairs – has had an up and down and up down kinda day today.   Currently, the price has made a new session high in the early New York trading.  In doing so it moved back above its 100 day moving average at 1.25307.  Having said that the [&h