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Hopes f him him him rom Gilead news propel European shares higher. European indices are ending the session with solid gains on hopes from the Gilead remdesivir drug,

Buyers and sellers are now battling between moving averages. Be aware The EURGBP opened the New York session near session highs. At the level, the pair was testing the 38.2% retracement of the move down from the April 21 high to the low price reached just yesterday. That level came in at 0.87547. The high price […]

Trend line and swing area stall the fall Dip buying traders will likely use those levels as risk defining levels going forward. Stay above, and a further corrective probe to the upside can be anticipated. Move below and all bets are off as the trend recently remains to the downside on the hourly chart.

Pair found buyers near the 100/200 hour moving averages today The GBPUSD has had a another up and down session with the market rallying in the Asian session, falling in the European session and now rebounding back higher in the early North American session.

Gains are partially retraced in early trading A snapshot of the major indices currently shows: US yields remain lower but off the lowest levels: in other markets:

Stocks higher and hopes are higher after Gilead remdesivir drug trials Gilead chief medical officer Merdad Parsey said in a statement. "The study demonstrates the potential for some patients to be treated with a 5-day regimen, which could significantly expand the number of patients who could be treated with our current supply of r

The USD is mostly lower As North American traders enter for the day, the NZD is the strongest, the GBP is the weakest. The USD is lower.  Stocks in the US are trading higher in the pre-market. Yields are lower.  The FOMC will announce no change in rates today. Are from any additional surprising stimulus, the […]

The pound falls to its lows for the day in European morning trade See here for global coronavirus case data There aren't any specific headlines dragging the pound lower on the session, but just take note that this time of the month is where we typically will see Buba buying in EUR/GBP. So, that is […]

USD/JPY runs into the 50.0 retracement level of the recent swing move higher back in March See here for global coronavirus case data That level sits at 106.45 and will be a key daily support to watch before a potential drop back towards 105.00 next in the pair. The shove lower comes as the dollar […]

EUR/USD rises to a session high of 1.0868 but buyers need to do more See here for global coronavirus case data Dollar weakness remains a key theme to start the session and that has helped EUR/USD climb to a high of 1.0868 before easing back a little.