New NY session high The move to the upside has pushed above the 50% retracement which will be eyed as close support now. The price has moved above the 50% in varying degrees on Monday (barely), Tuesday (the largest break) and earlier today (in between those 2 breaks). The recent high is still short of […]
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EURUSD approaches retracement target
200 bar moving average on 4 hour chart is also implied The EURUSD has moved to a new session high and moves closer to the 61.8% retracement of the move down from the April 15 high. That level comes in at 1.08885. Just above that level is the 200 bar moving average on the 4 hour […]
Nasdaq trades to new session high
S&P and Dow still off highs The NASDAQ index is trading to a new session high at 8923.719. That is up 3.66% on the day. The closing level from 2019 comes in at 8972.60. The price inches closer to that key benchmark.
Press conference: Key levels as the press conference begins
The levels at the start of the Fed Chairs press conference The major stock indices are trading at: spot gold is trading at $1701.88, down $-5.91 or -0.35% WTI crude oil futures for June delivery is trading at $15.10
Dollar moves lower. Stocks lower after Fed decision.
Modest changes The dollar has moved lower and so have stocks, but modestly after the FOMC decision. There is some disappointment perhaps with the lack of forward guidance. . They are simply stating the facts and feel comfortable not guessing the impact of their policy decisions to date.
FX option expiries for Thursday April 30 at the 10am NY cut
EUR/USD – 1.0730 513m EUR – 1.0750 712m – 1.0800 – 1.0947 1.1bn USD/JPY – 105.50 645m USD – 106.00 569m GBP/USD
RBNZ removes LVR restrictions for 12 months, starting from 1 May
RBNZ helping banks to try and keep lending to customers See here for global coronavirus case data Hence, the removal of these restrictions during the next year is largely to help the flow of credit and to support lending from banks to consumers amid the virus fallout.
PBOC sets USD/ CNY reference rate for today at 7.0571 (vs. yesterday at 7.0704 )
People's Bank of China The Bank skips reverse repo OMO today See here for global coronavirus case data
BOJ ETF purchases to track Japan stock market indexes
The Bank of Japan have outlined how their ETF purchase program is to be split – 75% of ETF purchases are to be used for ETFs tracking the Topix Index – other 25% to be used for ETFS tracking Topix, Nikkei 225 & JPX-Nikkei 400 With the BOJ buying heavily leaning in favour of the […]
Powell Q&A: Believes there will be a need for Fed to do more
Powell in the Q&A on April 29, 2020 Powell left a few strong hints that he's prepared to do more and is expecting to do more. The Fed put is in play. If there's any trouble, they're going to deliver more.