Blogs

USD/CAD breaks a key near-term support region, falls to a low of 1.4140 See here for global coronavirus case data USD/CAD has been flirting with the the key near-term support region around 1.4162-68 for a bit before that gave way and price is now down to 1.4140.

EUR/USD touches a session high of 1.0870 See here for global coronavirus case data Notably, price is testing waters above the 100-hour MA (red line) seen @ 1.0859 and is knocking on the door of the near-term trendline resistance @ 1.0871.

The slightly more upbeat risk tone in equities is pinning the dollar lower See here for global coronavirus case data The dollar is down to session lows currently, as the push higher in US futures is helping investors to feel better about the risk mood today.

AUD/USD is settling close to 0.6300 ahead of European morning trade See here for global coronavirus case data The pair was trending lower yesterday before talk of bailout of oil companies put pressure on the dollar during the early stages of North American trading.

USD/JPY eases to a session low of 107.58 See here for global coronavirus case data The pair attempted a break above its 200-hour MA (blue line) in overnight trading but buyers failed to take out the cluster of near-term resistance around 107.83-87.

All S&P sectors close lower.   The broader stock indices fell over 3% with the Nasdaq leading the way to the downside. The Dow 30 index fell -2.67%

Subscribers seen rising Netflix, one of the stocks that have benefited during the coronavirus correction, will report earnings after the close.  Of all the stocks, the reaction for Netflix can be influenced by a lot of different metrics. The general expectations is for adjusted earnings of $1.87 per share on $5.74 billion in revenue. In [&

The surprise 50 BP cut has limited impact The Mexico central bank announced a surprise 50 basis point cut to 6%. The cut was unanimous. The central bank says that GDP could contract by 5% in the 1st half of 2020. The decision was off of a meeting date.

…but 50% of the move down from the March high stalls the rally The USDCAD has a little bull and a little less bull. The less bull is that the pair ran up to a high to 1.4264 today. That was just above the 50% midpoint retracement of the move down from the March 2020 high […]

Recent highs, trend line and 200 hour MA… Some recent highs (24 hour highs) on the hourly (up to 107.819), the 200 hour MA at 107.76 and a topside trend line at 107.79 are clustered together. The price is near those levels at 107.76 currently.  Will risk defining sellers keep a lid on the pair?