Blogs

July contract up $1.71 or 6.66% at $27.39 the WTI crude oil futures for July delivery are currently trading up $1.71 or 6.66% at $27.39 the high price just reached $27.48. The June contract is also higher by $1.55 or 6.03% at $26.83.

German DAX -2.1%. France's CAC down -1.9% The major European indices are ending the session with declines. – German DAX, -2.0% – France's CAC, -1.9% – UK's FTSE 100, -2.8% in the European debt market, the benchmark 10 year yields are ending the session mixed. Germany and UK yields are down marginally (-1 basis point

Cisco and American Express lead the recovery The Dow industrial average has erased earlier declines that's all the major index fall over 400 points at its session lows. It currently trades positive on the day. The move higher has been led by Cisco which currently trades up 5.6%(they announced earnings yesterday).&

Sees best case scenario remains within reach and financial conditions are solid As Gov. Poloz virtual press conference pushes on, the Gov. is bit more upbeat. He said that he sees a best case scenario remaining within reach, the fiscal response has mitigated the shock and that the polic

Underside of broken trend line also tested The USDCHF has moved sharply over the last few minutes and looks to test its 100 and 200 hour moving average at 0.9713 area.  Both the moving averages at our at that level.

April low at 1.21616/38.2% at 1.21737. The GBPUSD has so far successfully tested a cluster of support defined by the swing low from April at 1.21616, and the 38.2% retracement of the move up from the March low to the April high at 1.21737. The low for the day reached between those 2 levels at 1.2165.

Trendline currently comes in at $1722.25. Price ticking above that level. the price of gold has moved above a topside trend line connecting highs from April 14 and April 23. The trendline cuts across at $1722.25. Also near the level is the high price from last week at $1723.13. The high price just tick to […]

200 hour moving average below stalls the fall. 100 hour moving average above stops the rise As the time ticks toward the opening of the US stock market, the USDJPY is mired between moving average support below and moving average resistance above.

Swing lows going back to February 2020 The EURUSD on the daily chart, has had a number of swing lows come in the area of 1.0766 to 1.0777 area (see red numbered circles on the daily chart below). The price low 

Dollar gains as Trump makes a U-turn on dollar policy See here for global coronavirus case data EUR/USD is down to lows for the day now and back under 1.0800, testing support from the week's low @ 1.0785 with the support region around 1.0767-78 going to be a key one to watch ahead of the […]