Blogs

Follows the dollar lower  The AUDUSD has joined the NZDUSD and USDCAD in moving to a new extreme (lower USD direction).    Looking at the hourly chart above, the price on Friday showed a bullish bias by bouncing off its 100 day MA (). 

200 day MA at 0.63079 As the dollar moves lower with the GBPUSD, USDCAD running the most, you can add the NZDUSD to the currency pairs that are running to the USD lower direction.

Canadian dollar continues to climb USD/CAD has fallen to a fresh low on the day as the commodity currencies surge. This is a market that's suddenly feeling much better about the virus and not so great about the US dollar. With AUD and NZD you can make the case that the domestic economies are in […]

New trading lows for the USDCAD The USDCAD is trading to a new session lows and in the process is moving away from its 100 day moving average at 1.37224.

GBPUSD moves to test – and now break - earlier session highs The GBPUSD is moving higher in is currently testing – now breaking -  the session highs at 1.24248.  

NASDAQ index near unchanged The major US indices have opened the session on the downside. The biggest negative is in the Dow 30 stocks. The NASDAQ index is trading near unchanged. A snapshot of the market a few minutes into the opening is currently showing:

Seeing reaction around the 100/200 hour MAs The USDJPY continues the ups and downs. The price action today initially moved lower, but reached a support area in the 107.309 to 107.359 area and bounced. The move higher has since moved above the 100 and 200 hour MAs at the 107.60-62 area. That is now support […]

Price moved above recent swing highs at 1.1144-46 but fails The EURUSD has moved moved lower after early attempts to move higher failed.  The high from the end of March reached 1.11465. The high from Friday/last week reached 1.11447 in the early London session but could only extend to 1.11532.  The failure turned the buye

GBP/USD continues to look perky to start the week See here for global coronavirus case data The pair touched a high of 1.2426 earlier in the session, testing the 61.8 retracement level of its recent downswing last month, before retreating a little amid the China trade report.

RBA statement for their 2 June monetary policy decision At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.