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Canadian housing starts data from the CMHC ForexLive

Forex news from the European trading session – 8 April 2020 Headlines: Markets: – GBP leads, EUR lags on the day – European equities lower; E-minis up 0.5%

134.607 to 134.97 are home to swing highs The GBPJPY is up retesting the high from yesterday at 134.963. The high price just reached 134.93 and has backed off. The price is currently trading between the swing highs from March 27 and March 31 at the 134.607 to 134.71.  A move below that area (and stay bel

NASDAQ index leads the way The major US indices are higher with gains about 1% . The snapshot of the markets currently shows: In the US debt market yields are higher with a modestly higher yield curve 

Moving away from the 100 and 200 hour MA again The GBPUSD has been trading in a choppy up and down range over the last day or so.  On the downside, the 38.2% retracement of the move down from the April 2 high comes in at 1.22809. That retracement level held support during the London morning and New York

Highs going back to March 27th are lining up The AUDUSD moved to a new session high after passing a .  $80 billion stimulus package However, the price is running into upside resistance defined by swing highs going back to March 27. 

100 hour moving average is also in play   On the topside, the 100 day moving average at 108.946 and the top channel trendline at 108.98 are targets to get to and through.  The pair has traded above and below its 100 day moving average over the last 2 trading days. In fact, the price did peak abo

There was a failed run below on the Eurogroup failures but prices recovered. The EURUSD fell from around 1.0880 to 1.0830 after the headlines that the Eurogroup had failed to reach consensus on funding the coronavirus stimulus. On the move lower, the price fell below its 100 hour moving

Tentative moves in the markets today The GBP is the strongest and the EUR is the weakest as NA traders enter. The Eurogroup members failed to agree on financing for the unions fiscal response.  The failure to agree is putting some pressure on the EUR today. The GBP is the strongest, but the gains are […]

<p>WTO said that world trade is expected fall by between -13% and -32% in 2020 as coronavirus pandemic disrupts normal economic activity and life. While the ere &#8220;wide range of possibilities&#8221;, the decline will &#8220;likely exceed&#8221; the trade slump on the 2008-09 global financial crisis. Nearly all regions will