Blogs

New Zealand ANZ business survey for April, final The preliminary is here:   New Zealand – ANZ preliminary business confidence for April: -73.1 ANZ highlight the report 'Key points'

Here are the headlines posted earlier: Read the post for his threats of retaliation against China, not a positive for relations between the two countries and weighing on risk, seeing USD benefit.

Abe speaking in parliament, acknowledging the battle – Says the state of emergency declared may persist beyond May 6 – consulting experts to decide  See here for global coronavirus case data

Trump interview with Reuters  – says China "will do anything they can to have me lose" 2020 election – says looking at different options in terms of consequences for China for its handling of coronavirus crisis, says I can do a lot Main points summary via Reuters.

Japan Retail sales for March -4.5 % m/m – expected -4.5% m/m, prior 0.6% -4.6 % y/y – expected -4.7% y/y, prior 1.7% See here for global coronavirus case data

Japan Industrial Production for March (preliminary) -3.7 % m/m – expected -5.0%, prior -0.3% -5.2 % y/y – expected -7.4%, prior -5.7% Manufacturers see April output +1.4% m/m and May output -1.4% m/m

AUD/USD buyers near a key test of the recent upside run See here for global coronavirus case data The pair is inching a little higher ahead of European trading, touching 0.6565 currently and just shy of the 100-day MA (red line) @ 0.6567. This will mark a key test for buyers amid the recent upside […]

Remdesivir news helps stocks race  higher The NASDAQ index led the way to the upside with all the major indices climbing on the day. The Gilead news that their drug remdesivir and favorable results as a cure for coronavirus.  Dr. Fauci also had positive comments about the results.

Facebook and Microsoft earnings after the close The NASDAQ index is currently up over 4% on the day at 8953. The high price reached a 8957.26, and yes, the price is getting closer and closer to the unchange level on the year at 8972.60.  15 minutes of trading left in the day. Then the market wil

100 day MA is being approached though The AUDUSD has seen ups and downs today, but the pair continues to move higher, AND a lower trendline on the hourly chart continues to find support buyers.