Watch the 1.24717 to 1.2484 as a key bias barometer now. The GBPUSD traded right up to the 200 day moving average at 1.24468 yesterday and stalled.
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Major US indices open with sharp declines
Weaker data is eye-opening. Concerns about global recession and uncertainty about coronavirus weigh on equities A snapshot of the market is currently showing:
USDJPY runs higher as the "flight into safety" leads to dollar buying
The dollar is king today. The USDJPY is also running higher on the flight into the safety flows into the US dollar. Looking at the hourly chart above, the price low for the day bottomed near the low from April 1 at 106.919. After moving back above the broken trend line the price squeezed higher toward a
EURUSD cracks below the 200 hour MA as the price reverses recent gains and trends lower
The pair is stepping down in trend lower trading. The EURUSD is trending to the downside as the market steps through technical levels. Looking at the 5 minutes chart, the move to the downside started with the brakes of the 100 and 200 bar moving averages (blue and green lines at the top of the chart). Note […]
Cable nears 1% drop as sellers pressure the 1.2500 level
GBP/USD threatens a break below the 100-hour moving average and the 1.2500 level as the dollar keeps firmer on the day ForexLive The dollar momentum today is driving a key near-term move in cable as we see price fall back under 1.2600 and towards a test of the 100-hour MA (red line) and the 1.2500 […]
Poloz Q&A: It's impossible to judge when economy will recover
Comments from Bank of Canada Governor Stephen Poloz and senior deputy Wilkins: ForexLive
Poloz statement: Commodity-producing countries are being hit twice right now
Comments from the Bank of Canada Governor ForexLive
Watch live: Bank of Canada press conference
Watch the web conference live Poloz and Wilkins will take questions in a virtual press conference. ForexLive
Bank of Canada rate decision coming up next. What to watch for
Does Poloz have something up his sleeve Today is Bank of Canada Governor Stephen Poloz's penultimate meeting as leader and the market doesn't have much visibility on what's coming. On rates, they're at the BOC's lower bound of 0.25%. In theory they could cut another 15 bps but they didn't do that in the financial [&hel
ECB's Villeroy: ECB policy won't be guided by fiscal policy
Comments by ECB governing council member, Francois Villeroy de Galhau – Sees relative stability in the euro exchange rate ForexLive The headline remark is not a very good hand to show if he is meaning that the ECB will do what is necessary to ensure market functionality and stability regardless of any fiscal policy measures […]