A look at markets this week Trading conditions will be thinner this week, as many participants head off the desks for holidays into the middle and end of week. At the moment, as things get going, risk sentiment is back on the rise, encouraged by upbeat reports about the coronavirus, with possible signs of things […]
Blogs
Why OPEC+ will cut even without US participation
You don't need $20 oil to kill shale There's a narrative emerging around OPEC+ and shale: The mainstream thinking is that Russia and Saudi Arabia want to drive crude prices lower to kill US frackers.
Germany plans limitless credit program for small businesses
The line between government and business continues to blur German economy minister Altmaier says there is no overall limit to the small business loan program. There has been talk of this before but this is the confirmation.
ForexLive European FX news wrap: Risk gains on hope of better days to come
Forex news from the European trading session – 6 April 2020 Headlines: Markets: – AUD leads, JPY lags on the day – European equities higher; E-minis up 3.8%
Four shots of decaf espresso and a light economic calendar
What's coming up today The market is in a good mood today. Cases in Spain and Italy have flattened and New York showed a glimmer of hope. The President has been talking up chloroquine as a treatment and the Fed continues to buy everything it can find. S&P 500 futures are up 3.8% and the […]
The market is hopeful about the coronavirus trajectory but the outlook remains daunting
The virus trajectory begins to turn the corner in some major hot spots The good news over the weekend is that we are seeing a possible peak in the number of deaths caused by the coronavirus and also the number of daily cases in Spain, Italy, Germany, France, New York, and New Jersey are showing […]
A look at why the market is feeling optimistic about the coronavirus trajectory to start the week
Some positive signs from the coronavirus trajectory in some hot spots ForexLive Meanwhile, the Bloomberg count on total coronavirus deaths also looks to have started to turn the corner as of yesterday:
AUDUSD extends to a new session high and looks toward trend line/swing area
The 100 and 200 hour MA are close support. On the downside, the 100 and 200 hour MAs come in at 0.60652 to 0.60691 area. That MA area is a barometer for the market sentiment on the downside. Move below and stay below, would shift the bias to the downside. Stay above and the battle […]
USDCAD continues to consolidate with a floor and topside trend line defining range
Up and down price action in the USDCAD The USDCAD continues to consolidate with a floor being developed at the 1.40759 level and a topside trend line, currently at 1.4228 as topside resistance.
Gold climbs above the late-March highs in a technical break
Gold continues its quiet comeback The dislocations in the physical gold market has spurred all kinds of talk about shortages, lies and tomfoolery but the chart itself might be the best sign of intrigue.