Blogs

The US Dollar had nursed recent losses during Asian trade on Wednesday before a sentiment shift.

S&P 500 dismisses ominous IMF report. However, risk barometer fails to confirm market rebound leaving index vulnerable.

The strong rally in GBP/USD, in place since late March, looks to be running out of steam as the US Dollar stabilizes following its recent losses.

The haven-linked US Dollar may rise if retail sales data out of the world’s largest economy unnerves investors after the IMF’s chilling message.

The oil markets have seen huge production cuts agreed this week but even they can’t support a market in which demand is under such threat.

NASDAQ up for the 4th day in a row The final numbers are showing: Some of the major gainers today included: ForexLive

Buyers take the price back to the undeside of the trend line The price has rebounded back to the underside of the broken trend line at 107.23 currently. 

200 day MA tested at 1.2647 The GBPUSD has moved up to test its 200 day MA at 1.2647, and the sellers were waiting. The high price reached right up to the MA level and backed off. The price is currently trading at 1.2630  (see earlier post from the beginning the day )

S&P and Dow lag but still with solid gains The US stocks have extended their gains, with the NASDAQ index up 4% now at 8519.  The S&P index is currently up 83 points or 2.96%. The Dow industrial average is up 557 points or 2.37%.

Is this real? Chile's Health Minister says coronavirus patients in Chile who have died are being counted among the country's recovered population because they are "no longer contagious"