So… In my earlier posts, you’ve learned why trading indicators, fundamentals news, and signal services actually HURT your trading results. Then, we discussed the power of price action trading and what it can do for YOU. In case you missed it, here it is… Why Most Retail Traders Fail And How To Avoid It Price […]
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Senate Majority Leader McConnell: State aid should be limited to virus issues
Senate majority leader Mitch McConnell speaking on Fox news On queue, Harvard is out now saying that they won't accept stimulus funds. See here for global coronavirus case data
ECB takes steps to steps to mitigate impact of possible ratings downgrades
ECB statement the ECB is out with a statement saying: The concern is that and an Italian debt downgrade may fall below the threshold set by the ECB for collateral purposes. This provisions allows for the ability by the ECB to continue to buy Italian debt (even if it is junk status) and
US crude oil futures settle at $13.78
Up $2.21 or 19.10% It's hard to make heads or tails from the price acton seen over the last few days, but looking at the 100 and 200 hour MAs which help to smooth out the extreme price action, the continuous contract price trades between those two moving averages. They are at $11.27 and $16.81 […]
USO ETF fund announces the intended flow of liquidity into the futures contracts
Spreads the flow into June, July, August and September The USO ETF fund has announce the flow of liquidity into the futures contracts. For today they see: The USO says that they cannot track benchmark front futures contract on changes.
CDC US total cases 802,583 vs 776,093
Total case count up 3.3% See here for global coronavirus case data
New high for the Nasdaq as the last hour of trading is underway
Nasdaq up 3.10% The NASDAQ index is just reached a new session high at 8522.746. The current price is at 8519.29 up 3.1%. The low today reached 8404.543.
EUR/GBP: From COVID-19 to Brexit talks – Danske Bank
Analysts at Danske Bank point out that after the sharp slide of the pound during March when the Bank of England cut rates, a late response of the Unit
USD/CAD turns higher, approaching 1.4200
The US dollar retreat from intra-day highs at 1.4237 has found support at 1.4115 on the early US session, and the dollar has trimmed losses, returning
EUR/USD: Stabilisation now, dollar to remain strong – Danske Bank
With financial stress fading, the need for dollar cash has faded lately point out analysts at Danske Bank. They still believe the EUR/USD pair will re