Blogs

Raises projections by $4 for end 2020: – Brent to $41 / barrel – & WTI $37 The analysts express caution in the near term. Improvement in demand ahead depends on the behaviour of consumers – renewed coronavirus concerns will keep driving demand subdued. 

EUR/USD runs up to a test of its 100-hour moving average Notably, price action fell back under its 100-hour MA (red line) and tested the 200-hour MA (blue line) – currently @ 1.1288 – earlier in trading today.

GBP/USD bounces a little as the dollar loses some ground For bank trade ideas, check out eFX Plus The dollar is slipping further on the session, with cable now touching a high of 1.2630 on the day after having bounced off a low of 1.2546 earlier.

AUD/USD pares earlier losses to keep closer to flat levels now For bank trade ideas, check out eFX Plus The pair was keeping around 0.6820-30 going into European trading, before climbing to a high of 0.6874 as the dollar pared its earlier advance. But price action is now creeping back closer to flat levels around […]

Dow and S&P down for the 3rd day in a row The final numbers are showing: big losers today included: The pattern of airlines and financials are chief among the biggest decliners today.

The AUDUSD is down -2.20% The AUD, NZD and CAD continue to fall vs. the US dollar as stocks remain under pressure and "risk off" flows dominate.

NASDAQ index down 5%. Dow industrial average down 6.95% Other highlights In other markets: US 10 year yields are down 6.38 basis points to 0.662%. The 30 year bonds are down -10.1 basis points to 1.405%

Low reaches 3009.84 The S&P index has dipped below its 200 day moving average at 3013.08. The low for the day just reached 3009.84. The index is currently at 3011 or -178 points or -5.59%.

EUR/USD  USD/JPY  USD/CAD For bank trade ideas, check out eFX Plus

A couple of quick comments on the Reserve Bank of Australia outlook, from a Bloomberg event. Royal Bank of Canada: The RBA "has a lot of options before it would head down that negative rate path":