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Factory orders data for March 2020: Durable goods revisions: See here for global coronavirus case data

April ISM New York data That's quite the fall. See here for global coronavirus case data

Warren Buffett sold his airlines Global airline stocks are in focus today after Warren Buffett announced on the weekend that he'd dumped stakes in major US carriers. He warned it could be years before revenues return to pre-COVID levels and that visibility on the industry was low. He took roughly 50% losses on the stakes […]

Stocks erase some of their losses The Nasdaq index is now positive on the day (up 45 points or +0.52%). The S&P and Dow are still lower (-0.39% and -0.83) but well off lows too. Adam gives a contributing factor .

The 61.8% retracement holds support today The AUDUSD fell below the 200 hour moving average and upward sloping trend line on Friday. . That was a bearish move in what was a trend a lower. It took the pair below the next key target levels.

Dow industrial average leading the way lower as Boeing and Disney slump Boeing shares are currently trading down $-7.30 or -5.47% at $126, while Disney shares are trading down $4.33 or -4.10% at $101.19

Trades in a downward channel The GBPUSD continues to chop lower in the early week trading. The price opened below the 100 hour MA (at 1.24848) and fell below a trend line (and apart from a little peek above stayed below) and tested than broke below the 200 hour MA (green line currently at 1.24273). 

The Fed will start buying ETFs early this month A notice from the New York Fed saying that it plans to begin purchasing corporate bond ETFs early this month has helped to trim losses in equity markets.

Comments from the Richmond Fed President: There's nothing here that's new or indicative of any kind of action. See here for global coronavirus case data

<p>Gold recovers notably today but after all, it’s staying in consolidation from 1747.75. Intraday bias stays neutral for now. It looks like the corrective pattern would be unfolded as a triangle. Still, deeper fall cannot be ruled out. But even in that case, downside should be contained by 38.2% retracement of 1451.16 to 1747.75 at [&h