Blogs

Comments by Irish foreign minister, Simon Coveney – Unless there is significant progress, we will reach another crisis point See here for global coronavirus case data

We know the 100 hour MA above at 1.24848 attracted sellers The GBPUSD has chopped up and down in trading today. What can be gleaned from the chart is that the 100 hour moving average (blue line in the chart above) is a solid ceiling. That moving average comes in at 1.24848.  Two separate highs today stal

The close on Dec 31 was at 8972.60 The NASDAQ watch to unchanged on the year is back on.  Recall that last week, the price reached 8957.26. That was just shy of the end of year close of 8972.60. The current price is trading at 8853.57, up 142.45 points or 1.64%. The high price extended to 8856.53 so […]

Indices rose and close near highs of the day yesterday Yesterday the major indices opened lower on concerns about US – China trade concerns, but by the close was able to claw back those losses and close near session highs. The S&P index rose by 0.43%. The NASDAQ index rose by 1.23%, and the Dow rose […]

Trades at the highest level since April 13 The price of crude oil futures continue to move higher. The June contract is currently up $3.03 or 14 points 86% at $23.44. The high price reached $23.48. The low price today was at $21.13.  

Higher oil prices trying to help The price of WTI crude oil futures are up $2.67 at $23.05. That is the highest level since April 13. The 50 day moving average comes in at $25.49. The price is still a ways away from it. However the price has not traded above that moving average since January 13.  Its […]

200 hour MA at 1.08654 is close risk for shorts The EURUSD ultimately tumbled lower after the German court decision muddy the water a bit for the ECB stimulus.  Initially however the price did move higher and in doing so, moved above its 100 hour moving average at 1.09139.  However the move was quickly reversed.

The USD is mixed The German court decision (see Justin's post ) ultiimately sent the EUR lower and pushed that currency to the weakest of the majors. The CHF followed right along.  On the other extreme, the CAD is the strongest being helped by rising oil once again. The June contract is up by about […]

EUR/USD breaks below its 200-hour moving average and falls further See here for global coronavirus case data The German ECB court ruling is the key catalyst but this just resumes the broader downtrend in the euro against the dollar since peaking out at the 100-day moving average above 1.1000 towards the end of last week.

Fed's Evans holds media briefing See here for global coronavirus case data