Daily thread to exchange ideas and to share your thoughts Japanese markets are closed and will only be back on Thursday, but Asian stocks are also under pressure with the Hang Seng down 3.8%.
Blogs
Japan economy minister says government seeks to extend state of emergency to 31 May
Nishimura confirms that the motion will go through parliament later today See here for global coronavirus case data
The EURUSD corrects lower today after test of daily moving averages on Friday failed
Stall in London has been at a Thursday swing low The EURUSD moved above the 100 day MA at around the 1.10008 level on Friday and extended up to a high of 1.10181 (that is the average today – see top blue line on the chart below). The price also extended above a topside trend […]
The JPY is the strongest and the GBP is the weakest as NA traders enter for the day
The USD is mostly strongly The JPY is the strongest and the GBP is the weakest as North American traders enter for the day and the week of trading. This week will be highlighted by the employment report on Friday where the Unemployment rates is expected to soar to 16% or more. The USD is […]
Cable extends fall towards 1.2400 as sellers look to seize near-term control
The pound is the weakest performing major currency so far today Price is starting to move closer to the 1.2400 handle now with the 61.8 retracement level @ 1.2399 and the 29 April low @ 1.23889 helping to add some layers of support.
Gold keeps higher on the day but buyers still have more work to do
Gold trades back above $1,700 after a poor start in the earlier today See here for global coronavirus case data Gold traded more tepidly to start the day, falling back under $1,700 before recovering some ground to retrace higher and back above the 100-hour MA (red line).
Cable holds weaker but buyers still defending key near-term level for now
GBP/USD is down on dollar strength so far today See here for global coronavirus case data The pair has been on the retreat after month-end fixing flows drove price above 1.2600 but .
AUD/USD stays pressured on softer risk mood, what levels to watch out for?
AUD/USD keeps lower on the day amid the risk-off mood See here for global coronavirus case data The pair is down by 0.5% on the day, as the aussie is weaker amid the risk-off mood while the dollar is keeping firmer on the same reason. But upon a break of the 200-hour MA (blue line) […]
Dollar keeps firm to start the session
EUR/USD eases to a session low of 1.0931 See here for global coronavirus case data Buyers attempted a topside move above 1.1000 towards the end of last week but fell short of a test of the 200-day moving average @ 1.1034 , and fell back to close below the 100-day moving average @ 1.1004 as […]
Technical analysis of AUD/NZD – suggests short
Here's a snippet via Nordea on the Australian and New Zealand dollars Citing a bearish trend channel for a lower AUD/NZD Nordea support with some fundamentals: