Blogs

Below the 100 hour MA and 200 day MA The GBPUSD made a new session low at 1.26372.  That low got closer to the rising 200 hour moving average at 1.26368 currently. The price has not traded below its 200 day moving average since May 27. A move below that level should solicit some selling. 

100 hour MA held the low again The EURUSD fell yesterday on the headlines from the FOMC decision, but found buyers at the 100 hour MA. That level also corresponded with swing levels between the 1.1311 and 1.1319 area.

GBP/JPY approaches some key technical levels in the downside run this week For bank trade ideas, check out eFX Plus The pair is down for its fourth consecutive day as the yen remains the best performing major currency in trading this week. The pair managed to break above its 200-day MA (blue line) towards the […]

Rises above the 7 day average For bank trade ideas, check out eFX Plus

According to British government As the Brexit clock ticks down (transition period is at the end of year), the UK/EU agree to intensify timetable for Brexit trade talks.  

CDC reports coronavirus statistics for the day – new cases increase by 20,486 vs. 17,376 yesterday – total cases reach 1,994,283 vs. 1,973,797 in the previous report For bank trade ideas, check out eFX Plus

WI yield at 1.444% ahead of the auction – High yield 1.45% vs. 1.444% WI level – Bid to cover 2.3x vs six-month  average 2.41x – Dealers take 24.5% vs. six-month average of 19.9 A sloppy auction but the auction was into a rising market/lower yield day. The 30 year yield is currently down 6.2 basis points

Treasury Secretary Mnuchin For bank trade ideas, check out eFX Plus

Italy out with coronavirus statistics. Italy is reporting their coronavirus statistics for the day: In other coronavirus news: For bank trade ideas, check out eFX Plus

Q1 data so it is not particularly relevant Household net wealth fell to $110.8 trillion in a Q1 from a revised $117.3 trillion in Q4. For bank trade ideas, check out eFX Plus