Blogs

Low targets at 107.00 and the double bottom at 106.91 area The USDJPY has run lower and in the process has traders looking toward the swing lows from April at 107.00 and 106.91 levels. The low has just reached 107.158.

Correction lower stalls The AUDUSD corrected further to the downside reaching the lowest level since April 9. However, the fall lower did stall against its 200 hour moving average (green line) and 30.2% retracement near the 0.62665 level.  The low for the day reached 0.62631 and bounced

200 hour MA and 100 hour MA doing a good job of defining the range today The USDCHF has been able to keep between the 100 hour MA below at 0.9646 and the 200 hour MA above (and moving lower) at 0.96809.  The price of the pair did move above the 200 hour MA briefly […]

The 38.2% retracement is the ceiling (the 200 hour MA is also in play). The 61.8% retracement is the floor The EURUSD has moved lower from yesterday's close. In the Asian session, the price moved back below the 38.2% retracement at 1.09043 and the 200 hour moving average (green line). Since then, th

I am highlighting all the "b" words, beginning with … EUR/USD  USD/JPY  USD/CAD See here for global coronavirus case data

Fed slows the pace of QE  The Fed announced it will buy $15B a day in bonds next week compared to $30B this week. The response in the Treasury market has been swift with US 5-years yields rising to 0.35% from 0.33%.

More from Bullard These guys are going to blow up the bubble beyond anything imaginable. One day there will be inflation and it will all come crashing down. See here for global coronavirus case data

<p>Finally Some Good News! In a week of negative economic headlines, it’s certainly encouraging to end on a more positive note and equity markets are surging this morning as a result. The double whammy of US lockdown exit plans and, more importantly, a potential coronavirus treatment from Gilead has given investors cause for optimism heading

<p>Spot gold extended pullback from new multi-year high ($1747) on Friday to initial support at $1683, marked by rising 10DMA. Fresh bears were so far held here and the price edged higher on weaker dollar, but outlook remains negative and sees risk of deeper correction. Announcement of US President Trump of gradual restart of the […]

<p>GBPUSD is struggling to recapture positive momentum after its rebound from the 35-year low of 1.1410 ran out of energy when it crossed above the 61.8% Fibonacci retracement of the March down move in the 4-hour timeframe. The RSI is hovering just below the 50-neutral level, while the MACD is barely holding in positive territory […]