Blogs

The latest case numbers from Italy The new cases are the lowest in a month but deaths remain stubbornly high. That's normal because deaths are a lagging indicator. What's troubling is that Italy has been in a total lockdown for nearly 5 weeks and we're still getting around 3000 cases a day.

German DAX rises by 1.25% In the European are ending mixed. The German and French benchmark 10 year yields moved mostly lower. Italian yields moved sharply higher.

New York coronavirus stats for April 14 For global and US numbers, see . here ForexLive

Extends back below a lower trend line. On the downside, the pair is moving away from a lower trend line and is currently looking to test swing lows from the end of March and into early April. 

Turns out it's easy to give away free money The PPP loan program could be out of money by Thursday. I'd hate to be the guy who missed out on that giveaway. He says more money will be needed by the end of the week.

Comments from the Canadian PM Trudeau has begun his daily press conference. He says there are ongoing discussion with provinces about re-opening.

Comments from Kudlow: There's going to be some anger if people are forced to go back to work and they think it's unsafe, especially if they see political leaders hiding out.

Prorationing isn't in the cards The Texas Railroad Commission is holding a meeting on cutting production today but the tea leaves aren't pointing to a favourable outcome for prorationing.

USDCAD ceiling on the hourly at 1.3920-301 area The USDCAD is trading up and down in today with the price currently lower on the day by about 18 pips (closed at 1.3903 area).  The low for the day reached 1.3862. The high extended to 1.3924.

Gapped above the 50% retracement as well The NASDAQ index has completed an intraday technical "hat trick" (current price is at 8447.09) The combination is hard to ignore technically, but the market will still want to see those level held today and into the close. A move back below 50 day and 200 day MA, would […]