Blogs

GBP/USD slips to its weakest levels since the start of the week See here for global coronavirus case data The pair is continuing to move lower as the dollar is seen extending gains to start the session, with risk sentiment continuing to stay sour amid Hong Kong-China tensions.

The dollar and yen are continuing to benefit from the risk-off mood See here for global coronavirus case data The greenback is advancing further across the board amid the continued selloff in risk as we begin European morning trade. AUD/USD is down to a session low of 0.6516 now with the dollar also seen rising […]

But yesterday they were up 4 of the last 5 The US stocks are ending the day with that declines across the board. The stock falls are the 2nd time in 3 days (of course yesterday the stocks were up 4 of the 5 days).  

Move higher this week slows. The AUDUSD bottom on Monday just ahead of the low from Friday at 0.64016. The high price reached 0.66151 on Wednesday as stocks helped the overall tone. Today, the pair has been up and down but more down as the stock markets have not been all that cooperative.  Gold and […]

Sellers leaned against resistance area The USDCAD ran higher with the overall dollar buying. The price moved up to the 38.2% retracement at 1.39704. That was just above its 100 hour moving average currently at 1.39625 and within a swing area (see red numbered circles) in the 1.3965 to 1.3972 are

Selling intensifies in the US stocks the major US stock indices are now all in the red with the NASDAQ index down -1% on the day. A snapshot of the market shows:

38.2% and 100 hour MA now targeted The EURUSD has cracked below the 100 day MA 1.09645 after testing and bouncing in the prior hourly bar. The break triggered stops and the price ran to a new session low at 1.0936. We currently trade at 1.0944.

Quick turnaround for the euro The euro is at the lows of the day and sinking into the London fix. Part of the decline is weakness in risk appetite on US-China worries but this is largely a technical move.

Swing area at 0.8956-59 looks to be tested The EURGBP could not extend above the earlier session high at the 0.89993 level (call at 0.9000).  As a result, the double top as led to the buyers turning to sellers, and the price is now back down testing a old trend line and a key swing area (was a c

There is the work to do… Toward the end of trading yesterday, I posted on the NZDUSD (See "").   NZDUSD runs/breaks higher but with work to do