Blogs

NASDAQ doing better than other indices The US stocks open lower but are rebounding off early lows. The NASDAQ is leading the way. The Dow lags. A snapshot 8 minutes into the opening is showing:

Back above 100 hour moving average The moved back higher has taken the price back above its 100 hour moving average at 1.08249.  If the price can stay above that level, the buyers will likely look to test the high for the day at 1.0850. Above that the 38.2% retracement of the move down from the

Oil him and himhour MAs and swing area is being tested The 1.3999-1.4003 swing area are being tested. The 38.2% of the move down from the high last week at 1.40033. The 200 hour MA at 1.4009. The 100 hour MA at 1.40187 are all lined up as forming a cluster of resistance. The high for […]

Risk to US-China trade deal The USD is the strongest and the NZD is the weakest as NA traders enter for the day. The US-China trade tensions have escalated. Peter Navarro is on CNBC saying that "the bill must come due" to China for hurt caused by the virus. Rumblings from China are that a […]

AUD/USD extends its decline as the dollar holds firmer still See here for global coronavirus case data The aussie continues to against the dollar, as price now falls under 0.6500 to a low of 0.6486 in European trading.

EUR/USD  USD/JPY  NZD/USD See here for global coronavirus case data

EUR/USD  USD/JPY  EUR/GBP See here for global coronavirus case data

Fed's Barkin joins in the Fed speak today – fiscal response has been extensive, but suspects more needs to get done, as recovery likely to be slower than first thought

Minneapolis Fed Gov. Kashkari speaking See here for global coronavirus case data

Fed Harker is a voting member on the FOMC board this year Fed's Harker is the latest Fed official to be speaking today. He says: Fed's Harker is a voting member of the FOMC board this year