Blogs

WTI down nearly 5% The break below $22 has opened up a fresh fall to the March/April lows. What's on my mind today is the curve out a few months and how it rises sharply.

Topside trend line on the hourly is eyed The EURUSD is trading near session highs after technically, the 50% retracement of the move down from the March 27 high was broken at 1.09571. The high price reached 1.0975 so far. 

The latest IMF forecasts Some country forecasts for this year: ForexLive

The dollar is trading near lows for the day. The CHF is the strongest and the USD is the weakest as North American traders enter for the day. JPM earnings got the earnings season off to a weak start as did Wells Fargo, but the the markets are shrugging off with stocks set to open […]

JPMorgan credit card spending data This is a slide from JPMorgan's earnings call, which is set to start in a few minutes. Another one is merchant processing volumes. It shows brick & mortar down 50% by the end of March and E-commerce fading after the initial spike.

The USD/JPY fell by more than 100 points during Monday's trading session, to the 107.50 support, before settling around the 107.75 level in the beginning of Tuesday’s trading.

The recent purchases pushed gold prices towards the $1723 resistance, the highest price for the yellow metal in seven and a half years, before settling around the $1713 level in the beginning of Tuesday’s trading.

For the sixth consecutive day, the GBP/USD pair continues to benefit from the weakness of the USD and optimism about the improvement of the health of British Prime Minister Boris Johnson, who was exposed to symptoms of the Coronavirus.

Although the US dollar fell sharply against most other major currencies, attempts of the EUR/USD pair of an upward correction are facing weakness.

The S&P 500 initially tried to rally during the trading session on Monday as traders came in at bottom of the E-mini contract.