Blogs

Crime does not pay As per FBI Special Agent Joseph Bonavolonta: "As alleged, David Staveley and David Butziger tried to capitalize on the coronavirus crisis by conspiring to fraudulently obtain more than half a million dollars in forgivable loans that were intended to help small businesses teetering on the edge of financial ruin,&

Francis coronavirus statistics for the day See here for global coronavirus case data

Up $4.17. Gain of 20.4% Brent crude oil futures settle at $30.97 up $3.77 or 13.86%.   See here for global coronavirus case data

Below 200 hour MA as well The AUDUSD – like other pairs today – have seen up and down price action.  The last move to the upside in the NY session, saw the price move up to test the 50% and the falling 100 hour MA (blue line). The price did crack above those levels […]

Continued the rally to the upside the price of WTI crude oil futures are now up 20.4% on the day. The contract is up $4.16 at $24.54. The high price just reached $24.63.

S&P looks toward 2900.  Nasdaq gets close to 8900 Both the S&P index and NASDAQ index got close, but fell just short of natural resistance levels at the 2900 level for the S&P index and the 8900 level for the NASDAQ index. The S&P index reached a high price of 2898.23, while the&am

The swing lows from last week are being approached The USDJPY as traded down and up and down again. Despite the rise in stocks (S&P up nearly 2% ), and rise in yields (10 year up 2.4 bps and 30 year up 5.0 basis points), the USDJPY is lower  on the day.

Fed's Bostic discusses affordable housing during COVID-19 See here for global coronavirus case data

Fed's Bullard holds virtual discussion on the economy See here for global coronavirus case data

ECB responds to German court ruling on QE I would not think that is enough assurances for the German courts, but the ball is rolling (and EU courts have said ECB is acting within their mandate).