Blogs

Stay below the 100 hour moving average is more bearish The GBPUSD has been able to stay below its 100 hour moving average (blue line) for most of the day. There was and earlier peek above the level (but it was only by a pip or so).  The high price off the employment report also took a quick peek

Marginal moves since the report The reaction in the EURUSD was relatively modest. The high price on the current hourly bar reached 1.08513 with the low at 1.08246.  Only about 26 pips on a number of -20M jobs.  That ain't alot.

USDJPY runs higher after jobs report The US jobs report showed a -20 million+ decline in jobs. The unemployment rate rose to 14.7% but the Labor Department has already said that it would have been 5% worse if the workers were classified correctly.  A large number of workers also felt th

The USD is weaker ahead of jobs data The NZD is the strongest of the major currencies and the JPY is the weakest ahead of the historic jobs data at the bottom of the hour. The USD is also mostly lower with modest declines versus the EUR, GBP, CHF and CAD. The greenback is down little versus the&

USD/CHF still largely trading between 0.9600 and 0.9800 since April See here for global coronavirus case data With the dollar keeping weaker and the SNB also intervening strongly to limit the franc strength, the pair has somewhat been respecting key technical levels rather well recently.

Gold is sitting around $1,718-19 levels currently See here for global coronavirus case data The break higher overnight came on the back of a wave of dollar weakness, as Treasury yields also slumped amid .

The dollar is not losing further ground in European morning trade See here for global coronavirus case data The dollar index is back to near unchanged levels on the day as the greenback is holding its ground amid quiet trading in Europe so far today. Again, just be aware that London markets are closed and […]

EUR/USD move higher stalls at the 100-hour moving average See here for global coronavirus case data The pair fell to a low of 1.0767 in overnight trading before pulling off a sharp recovery back above 1.0800 as the dollar fell across the board amid a better risk mood and Fed fund futures mildly pricing in […]

AUD/USD is higher on the day but gains are limited by the key level for now See here for global coronavirus case data After seizing near-term control on a break higher overnight, buyers worked their way above 0.6500 to currently pose a challenge to the 100-day MA (red line) @ 0.6541.

NASDAQ leads the way with a 1.41% gain The final numbers are showing: See here for global coronavirus case data