2020 midpoint comes in at 1.3813 The USDCAD is trending lower and in the process, has moved below the 50% midpoint wall for the 2020 trading range. That level comes in at 1.38131. The price just traded to a low of 1.37967.
Blogs
Gold drops $20 to a two-week low
What's next for gold Gold is near the lows of the day, down $20 to $1712. What's especially worrisome for gold bulls today is that the decline comes with the US dollar broadly weaker. That means that gold has fallen further in other currency terms.
NZDUSD trades above its 100 day moving average for the 1st time since February 12
Runs away from swing highs since March 12 The NZDUSD is trading above its 100 day moving average for the 1st time since February 12. It is also running away from a swing high area at the 0.6155 to 0.61748. Those highs extended back back to February 12.
USDJPY reverses higher and tests 100 hour MA
Tests 50% of the day's range too The USDJPY has reversed higher after a run below its 200 hour moving average at 107.493 failed. The low for the day did bottom near the 50% retracement of the move up from the May 13 low at 107.409. The low for the day reached 107.395 just a pip or 2 […]
The S&P index opens above 3000 and above its 200 day moving average
100 day MA broken at 2967.75l The New York Stock Exchange is opening in full and investors are cheering that news gapping the S&P index above the 3000 level and its 200 day moving average at 3000.12 as well. Getting and staying above those key levels are a bullish deve
GBPUSD looks toward its 50% retracement of the move down from the April high
Some easing of concessions from the EU helping The USD is racing lower which is helping the GBPUSD, but there was also the news that the EU may drop 'maximalist' approach on fisheries in UK talks which is helping to propel the pair sharply higher. There is bit of a squeeze higher in the pair […]
The Australian dollar has completed the coronavirus comeback
AUD/USD is back to where it was in mid-February The Australian dollar has now erased all the coronavirus declines and has rebounded to where it was on February 19.
EURUSD surges and looks back toward the highs from last week. Above its 100 day MA.
Dollar selling as investors shun the safety of the USD. Whether right or wrong, the Pavlovian reaction on risk on flows is for the USD to get hit. That has the EUR racing higher today. The range is currently 90 pips. The average over the last 22 days has been 77 pips. Good buying demand in the […]
The NZD is the strongest and the USD is the weakest as NA trader enter for the day
Risk on is on Risk on. All the chips are being pushed in as the world economy reopens and that has the "risk on" flows in full force. The NZD and AUD are leading the way to the upside. The USD and JPY safe haven flow have been shut off and they the weakest. Stocks […]
USD/CAD falls to post-pandemic low in technical breakdown
USD/CAD breaks triple bottom The New York week is kicking off with fireworks and one of the major locations is in USD/CAD, which has edged below the pandemic low of 1.3850.