Blogs

Will know over the next a few weeks Pres. Trump is on the wires saying: In other comments, Pres. Trump says: Earlier Pres. Trump said that public opinion is swing him to keep the coronavirus task force in place. That is something new.

Pres. Trump answering questions HMMMM. Teachers over 60 might not like that idea? I can here it now…. Presidents over 60 or 70  or 72 should not be presidenting….

Euro chart via Credit Suisse, analyst remains bearish  Commentary in brief: (Please note chart print is from earlier in the week) See here for global coronavirus case data

Nasdaq outperforming The NASDAQ index is still higher on the day and well off its lows as well: See here for global coronavirus case data

Ceiling and MAs stalled rallies this week The NZDUSD has buyers and sellers battling it out against a ceiling, 38.2% retracement and 100/200 hour MAs. Yesterday the price stayed below the 38.2%. Today, the 100 hour MA and 200 hour MA stalled rallies.   

Down -$0.57 on the day or -2.3% Looking at the hourly chart, the lows today were able to stay above a upward sloping trendline. That trend line comes in at $22.84. Going forward stay above that trend line will keep the buyers more in control.

You'll recall from earlier this week that the court ruled the European Central Bank must ensure its QE bond-buying program is proportionate or else Germany's Bundesbank central bank may no longer participate.

Banco Central do Brasil - Selic rate cut by 0.75% to 3.0% A 50pt cut was broadly expected – Citing a deeper economic contraction than the Bank had forecast at its previous meeting

Atlanta Fed Pres. Bostic speaking See here for global coronavirus case data

With the risk-off tone returning to the table, led by trade war fears, S&P 500 Futures decline 0.30% or 7.40 points to 2,826 during the initial Asian