The border controls were set to expire tomorrow This pertains to land borders with Germany, Italy, Switzerland, Lichtenstein, Slovakia, and the Czech Republic. In case you missed the announcement yesterday, Germany also said that they would extend their own internal border controls until 15 May.
Blogs
UK April construction PMI 8.2 vs 21.7 expected
Latest data released by Markit – 6 May 2020 – 39.3 See here for global coronavirus case data Construction activity in the UK crashes to an all-time low last month as clients freeze spending plans amid the fallout from the virus outbreak and business shutdowns. The real worry here is that this could lead to […]
European shares mostly lower on the day
UK FTSE up marginally See here for global coronavirus case data
USDCAD pushes higher. Looks to retest week's highs
Monday high at 1.41513 The USDCAD is pushing to a new session high, and looks toward the Monday high at 1.41513. The move to the upside has taken the price above a swing area at 1.4113-198 in the last move higher (close intraday risk). Stay above keeps the buyers in control.
S&P and Dow give up early gains
NASDAQ index still remains higher but off high levels as well The major stock indices are trading near session lows after the early rally fizzled. The S&P index and Dow industrial average are now trading above and below the unchanged level. The NASDAQ index is still up 0.63%, but well off the 1.19% intraday high gain. […]
GBPUSD trades to new session lows
Takes out London morning session low at 1.2357 The GBPUSD is trading to a new session low after falling below the London morning session low at 1.2357. The price has reached 1.2347.
US stocks open the session higher
US equities hanging in there At the start of the North American session, the futures were implying the following: With the markets now open, the major indices are trading above those levels despite the 20 million+ job losses from the ADP report and a refinancing schedule that could crowd out funds for other investments (but let�
EURUSD moves to the lowest level since April 24 today
Bounces into resistance area on the hourly chart The EURUSD moved to the lowest level since April 24 and in the process fell below a swing area in the 1.0808 to 1.0815 area. The price stalled randomly at 1.0781. The price correction off the low has moved the pairs price up t
USDJPY trades to a new session low
Asian session low at 106.187 broken. Looks to test the 106.00 level Looking at the hourly chart, the Asian session saw the pair move below the lows from last week (the low for the week came in at 106.354 last week). The price extended to 106.187 before bouncing back to retest the lows from last week […]
Crude oil continues its move to the downside. Trades to new session lows
WTI crude oil futures trades back down to $23 US stocks have given up some of their gains after the breathtaking ADP report: See here for global coronavirus case data