US house price data from S&P CoreLogic Case-Shiller for March: The big test for housing will be the post-pandemic period but given the tone in markets at the moment and ultra-low rates, housing is set-up for something positive.
Blogs
March FHFA house price index +0.1% vs +0.5% expected
March home price data from the US housing regulator: See here for global coronavirus case data
Philly Fed May non-manufacturing index -41.4 vs -82.5 prior
Philly Fed non-manufacturing index The worst of the contraction was in April but the economy continued to contract in May. Later today we get consumer confidence for May and that should offer some clues on how much (or little) spending will bounce back.
USDCHF runs to new low after NY correction stalls ahead of its 100 day MA
The lows from May 20 and 21 are targets now The USDCHF has run to new lows after NY session correction on the hourly chart, stalled ahead of its 100 day MA at 0.9683. The high price in the NY session reached 0.96805. Staying below, kept the seller in control.
WTI crude oil futures settle at $34.35
Up $1.10 or 3.31% The price of WTI crude oil futures are settling the day at $34.35. That is up $1.10 or 3.31%. The high price extended to $34.81. The low fell to $33.38.
USD/CAD continues to crumble. What's next
USD/CAD down 220 pips on the day The massive move lower in USD/CAD has extended to a session low. The pair is down 219 pips to 1.3766, which virtually ensures a close below the breakdown level of 1.3856.
Gold stays below the 100/200 hour MA
Runs to the 50% retracement The price of gold is trading down about -$18.30 to $1713.65. The low price reached $1709.18. The high was up at $1735.67. At the highs, the price tested the converged 100 and 200 hour MA (blue and green lines). Failure to extend above each, was the go ahead to sell. […]
AUDUSD not moving far from 200 day MA.
AUDUSD retests the 200 day MA The AUDUSD has spent the last 4 hours trading near the 200 day MA at -0.6655. There was one brief wander above that MA a few hours ago, but that rally fizzled after reaching a high of 0.66618.
AUDUSD reaches to 200 day MA and start of swing area
200 day MA at 0.66548 The AUDUSD has reached its 200 day MA at the 0.66548. The high price for the day has reached just above that level at 0.66618.
S&P moves back toward the 200 day MA/3000 level
Trades at sessoin low of 3002.41 The S&P is trading at session low and in the process is back retesting the 200 day MA at 3000.03 level. Key test. Stay above keeps the buyers still in control despite the run lower from the high at 3021.72.