Blogs

100 hour MA at 106.77 THe USDJPY moved higher earlier in the New York session with increased buying in stocks shortly after the opening. The move took the price toward a swing high from Friday's trading at 107.073. In the process the price moved above a swing area at 106.96-988 and

S&P and Dow have been negative for the entire day The NASDAQ index has dipped back below the unchanged line into negative territory after being as high as +0.69%. Near the opening, the index was -0.78%. With the index at -0.8% currently it is near the midpoint of the day's trading range.

The 61.8% retracement of the move up from last week is also in play The EURJPY shot higher last Thursday after the pair broke above its 200 hour moving average for the 1st time since April 13. The run to the upside peaked at 117.764.  In trading on Friday, the price stalled just ahead of that high at&

EURUSD trades below its 100 hour moving average and 30.2% retracement The EURUSD is start to dig into the support cluster defined by a  See here for global coronavirus case data

Major indices played catch up from the US Friday declines On Friday, the major European indices were closed due to the May 1 Labor Day holiday. US stocks fell sharply on the day. Today was a "catch up" for the major European indices (at least part of it).

Correction lower stalls above 200 hour MA and 38.2%  The USDCAD raced higher in early Asian trading, moving to the highest level since April 23rd. The earlier run higher extended above a swing area at 1.4113-198, but two separate moves above that area failed.. The price action has started to use that level as resistance […]

Q1 survey from the Fed This is no surprise. Would you lend to commercial real estate right now? See here for global coronavirus case data

Bank of Canada's Senior Deputy Gov. Carolyn Wilkins See here for global coronavirus case data

<p>Copper futures’ correction seems to be faltering below the 50-day simple moving average (SMA) and under the 2.3175 level – that being the 38.2% Fibonacci retracement of the down leg from 2.8819 to 1.9684 – as it edges in the Ichimoku cloud. The Ichimoku lines support the bullish run as does the MACD, which is […]

<p>Copper price fell further on Monday, extending pullback from last week’s recovery high ($2.3929) into third straight day. Future contract for July’s delivery fell to the lowest in nearly two weeks ($2.2828) on Monday, but stays for now above cracked initial support at $2.2834 (Fibo 23.6% of $1.9711/$2.3929) and more significant daily cloud