Latest data released by the Federal Employment Agency – 30 April 2020 – 1.0k – Unemployment rate 5.8% vs 5.2% expected – Prior 5.0% See here for global coronavirus case data
Blogs
Stocks lose the early momentum, fall to flat levels
European equities and US futures trade flat now See here for global coronavirus case data This is helping out the dollar against commodity currencies, as we see AUD/USD fall to 0.6543 and NZD/USD ease lower to 0.6127 currently.
China says that it stands ready to discuss 'fast track' entry with other nations
China is beginning to allow business travel into the country South Korea is the first on the list to be granted allowance It isn't exactly a massive relaxing of border restrictions per se but it is a start I guess.
European equities open firmer to start the day
Slightly more positive tones observed at the cash market open – Eurostoxx +0.5% – Germany DAX +0.9% – France CAC 40 +0.5% – UK FTSE +0.4% – Spain IBEX +0.4% See here for global coronavirus case data
USDCAD stalls the fall and corrects higher after new month low fails
April 13 low at 1.3855 is broken but only marginally and the sellers turned buyers The USDCAD is moving to a new session high after a break to a new April low failed earlier in the session. The April 13 low came in at 1.3855. The low price today came in at 1.38492. That just doesn't cut it. So selle
Gold cracks to new session lows. Breaks some technical levels.
Trend line at $1705 The price of gold has cracked to a new session low and trades down over $28 at $1685 The low for the day reached $1681.38. The high extended to $1721.68.
European major indices close near session lows
Early gains are erased It is month-end and there has been pretty decent amount of volatility in the markets as London/European traders look to exit.
GBPUSD reaches 200 day moving average (again)
High from April 14 stalled against the 200 day moving average on the 1st test The test of the moving averages a 2nd this month. Back on April 14 the price also extended right up to the moving average at 1.26471. The high price on that day reach 1.26468.
EURUSD runs higher (dollar heading lower). The month end fixing and technicals in play.
Pair cracking above resistance targets The dollar has taken a run to the downside (with the exception of the USDJPY). The run higher seemed to start with the GBPUSD breaking above resistance at 1.2522 (it is now above 1.2600 as I type). The EURUSD has joined the party with it's own technical breaks (see earlier […]
PS. GBPUSD moves above resistance
Sellers did not come in against resistance The speculated that sellers would lean against resistance up to 1.2522. The price has moved above that level. Buyers took back control.