Blogs

They will auction 5 year at 1 PM ET The US treasury will auction off 34 billion of two-year notes at the bottom of the hour.  Later at 1 PM ET they will follow up with a 5 year note auction. Why the early and back to back auctions today?

Canada coronavirus case count and death toll numbers for the day See here for global coronavirus case data

Backing up Mitch McConnell's feeling that stage should declare bankruptcy Pres. Trump is tweeting: "I would certainly be in favor of allowing states to use the bankruptcy route. It saves some cities. And there's no good reason for it not to be available. My guess is their first choice would be for the federal go

UK finance minister speaking to small business loan program The GBPUSD has moved up to test its 50% retracement of the move down from the April 14 high, but as found sellers against that area at 1.24466. The price is now back down testing its 200 hour moving average at 1.24069 and broken 38.2% retracemen

Dallas Fed manufacturing activity for April 2020 – saw the index plunge from 1.2 to -70.0. – Employment, -21.2 versus -23.0 last month – new orders -67.0 versus -41.3 last month All components with the exception of employment and company outlook declined.  The index is at the lowest level on record.

NASDAQ index leads the way at +1.33% the major US stock indices are trading to new session highs. The S&P index has now moved up over 1%. The index is up 29.35 points or 1.05% at 2866.66

Retail sales was released back on April 15 I'm not sure why retail sales revisions are being released currently except that data collection has likely been more difficult and the advanced report may have been short of what is normal.

Trade of the week from TD TD's weekly top FX pick is buying CHF/JPY with a target of 112 and a stop at 108.60. "For this week's TOTW, we buy CHF/JPY at 110.06 (targeting 112). With offsetting positioning signals in these currencies, we not the plus-2 standard deviation gap in HFFV that points to a […]

The Dow rises for the 4th day in a row icleBody The final numbers are showing See here for global coronavirus case data

50% retracement stalled the rally The EURUSD is going out the day between the 100 below at 1.08169 and the 200 hour MA above at 1.0841. The pair earlier in the session rallied up through both MAs but stalled near the 50% of the move down from the April 15 high. That came in at […]