Blogs

April 2020 US retail sales report highlights: The modern retail sales data series dates back to 1992 and this is double the worst fall on record. All the headlines are ghastly with the control group also plunging.

Highlights of US Empire manufacturing index for the month of May 2020 the numbers for the prior month plunge to -78.2 which was the largest decline on record. The prior all-time lows -34.3 back in 2009.  The number this month makes it the second lowest reading on record, although much better than expectations and the previous [&he

EU's Barnier comments See here for global coronavirus case data

Canada Existing home sales, Empire manufacturing index him, industrial production also on the calendar the major releases and events for today will be highlighted by the US advance retail sales for the month of April. Another sharp decline is expected as a result of the shut down of the US economy.  

NASDAQ index leads the way to the upside A look at the final numbers are showing: For the trading week, the major indices are lower with the Dow industrial average taking the biggest hit.

S&P index and NASDAQ trading to new session highs As the press conference continues, the major indices are making new session highs: At the start of the press conference the major indices were trading at the following levels:

The high price today has so far reached $1746.99. the price of gold is trading higher once again. For the day it is currently up $3.72 or 0.79% $1744. The high price has reached $1746.99. That is just short of the April high of $1747.36.

200 hour MA did a great job of holding the support AGAIN The 200 hour moving average has been a level support for the last 3 days of trading. Each test has found buyers near level and the price has pushed to the upside.

Concerns about Brexit hurting the pound in trading today Concerns about Brexit talks with the EU have been pressuring the GBP in trading today. The  EURGBP is breaking higher and the GBPUSD is moving lower. The pair just reached a new session low.

Nasdaq still negative but most of losses have been recovered THe major US stock indices have erased most of their losses after better data.  Michigan consumer sentiment came in much better-than-expected at 73.7 vs. 68.0 estimate. That was also better than last month 71.8. The current conditions