Like many pairs, the price action is up and down today The price action in the GBPUSD is down, up and down today. The last move lower has taken the price below the 100 hour MA again at 1.23499. The key word is "again" as the last 4 hours has seen the price trade above […]
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USDCAD moves back above the 200 hour MA
Pair is now up on the day The USDCAD has moved up, down and up again in trading today. The current price rise has taken the pair to test and now move above the 200 hour MA. The price has waffled above and below that MA line today. So the "break" is nothing new. However, […]
The major indices open with modest gains
The Nasdaq lags a bit The major US stock indices are opening with modest gains. The NASDAQ is lagging with a modest 0.9% rise 6 minutes into the new day. The snapshot currently shows:
USDJPY hangs near the middle of the week's trading range
The high for the week reached 108.036. The low for the week reached 107.275. The USDJPY is hanging near the middle of the week's trading range. That area is also near the 100 and 200 hour MAs at 107.657 and 107.602 respectively. The current price is at 107.602.
The EURUSD trades higher and looks to test low from last week/Tuesday
The comes in at 1.0811-162 The EURUSD is trading higher and looks to test the lows from last week/earlier this week on Tuesday. Those swing lows came in at 1.08116 to 1.08163.
The CAD is the strongest and the NZD is the weakest as NA traders enter for the day
Small changes on the day with the major indices scrunched together As North American traders enter for the day, the CAD is the strongest and the NZD is the weakest. The USD is mostly lower with declines or unchanged with the exception of the NZD. However, the changes are modest. The major pairs are relatively […]
Dollar slips further as US futures steadily climb higher
The dollar and yen are down across the board See here for global coronavirus case data EUR/USD is starting to threaten a move back above 1.0800 and that will be a key blow for the greenback momentum as we look towards North American trading.
EUR/USD pares losses on the day as dollar falls flat ahead of US trading
EUR/USD is back up to 1.0785, recovering from a low of 1.0727 See here for global coronavirus case data The dollar has given up its gains against the rest of the major currencies today, with EUR/USD climbing back up to 1.0785 near 1.0800 while cable is up to a high of 1.2360.
Dollar gains ease up a little on the session
Cable bounces from 1.2300 to 1.2330 levels currently See here for global coronavirus case data The greenback is easing off its earlier highs with the yen also losing some ground against the rest of the major currencies bloc. Cable pushed lower to test the 1.2300 level before running into some mild support and is now […]
Federal Reserve cuts daily bond buys to $10 billion from $15 billion
Fed cuts daily purchases See here for global coronavirus case data