Blogs

Volatile up and down action in the North American session, but sellers remain in control. The GBPUSD has had a volatile up and down morning session, but the corrective move higher in the New York morning, d him id stall ahead of the broken trend line from earlier today. Sellers leaned against the risk defining level, and

Tests 50% midpoint for the year The Nasdaq opened with declines that were relatively better than the S&P and Dow, but has since reversed that trend and is leading the way to the downside.  Amazon which opened higher is now down -3.77%. Apple is down -2.7%. Microsoft is lower by -4.56%.  Facebook is down -5%.  [&he

The ECB is going to be put to the test again Italy is talking about another 50B stimulus today and the economy is still weeks away from any kind of meaningful reopening (at best).

The EURGBP has been a big mover today The EURGBP is a big mover today, and has helped to push other EUR pairs like the EURUSD and EURJPY higher in it's wake higher more recently. 

And breaks above the 100 hour MA It was not long ago, that the EURUSD was testing the lows from last week. A move above the 1.08404 would be a risk level and lead to "some" short covering.  I guess "some" led to a little more than that (see ). The risk defining buyers against […]

NASDAQ index down but performing better relatively A snapshot of the major indices 4 minutes into the opening is currently showing: in other markets: See here for global coronavirus case data

The two technical levels come in at 107.789 The USDJPY as run back higher to test the  The cluster of resistance has traders leaning on the 1st test.  A move above should see more momentum buying.

Risk defining buyers leaning on the 1st test The EURUSD moved to a new session low at 1.08155 as dollar buying is dominated in trading today.  That low stalled between the swing lows from last week at 1.08114 and 1.08162. Risk defining traders leaned against the levels and have pushed the price back high

Trades at new session low. The GBPUSD fall today is continuing in early New York trading with the pair reaching to a new session low and below the 1.2300 level. The pair is trading at its lowest level since April 8th.  The GBP is just behind the NZD as the .  

The USD is stronger as well with gains vs all currencies on risk off sentiment The JPY is the strongest and the NZD is the weakest as NA traders enter for the day.  Risk off flows are the order of the day, with the GBP moving lower as well, and the flows not only heading […]