Blogs

Price extended above the 100 hour MA too The NZD is one of the strongest currencies today on increased risk on sentiment.  The move higher has moved the price back above the:

US DJPY trades above its 100 day moving average The USDJPY remained above a lower trendline and above the 100 day moving average. Both are near the 108.94 level.  That area is important intraday barometer for both the buyers and sellers.  Stay above and the buyers remain in con

Better coronavirus data helps the stocks at the week's opening The major indices area opening with solid gains as better coronavirus data helps the stocks and risk on sentiment. 

It will take a move above the trend line to turn the tide more to the upside On the downside, the low from Friday reached 1.0772 and would be a downside target to get to and through.  The price currently trades at 1.0793 between the trend line above and the the swing low below.

Sellers continue to lean against topside trend line The EURUSD moved up to test a topside trend line on the hourly chart below, and sellers leaned against that level, keeping the sellers in control. It will take a move above that level to turn the tide to the upside.  

Rebounds after earlier fall The GBPUSD open lower on the weekend news that PM Johnson was hospitalized.  The market price fell below the 200 hour moving average (green line) and toward the Friday low at 1.22037 where the market found risk defining buyers against the level (risk was defined and limited).&

Risk on trading is the theme for the day. Traders enter for the day, the forex markets are in a "risk on" mood. The AUD, NZD  are fighting for the strongest of the majors,  will investors get out of the safe havens including the JPY and CHF.    The USD is mostly lower with declines […]

The Bank of Canada's Q1 survey The survey was conducted in early March, although there were follow-ups later in the month. The commentary is probably more instructive than the numbers.

Israel cuts rates again The central bank announced that it will use its repo operation for corporate bonds. Meanwhile the Fed lowered its leverage ratio to 8% from 9% from community banks, saying it will stay that low until 2022.

<p>The March consumer expectations survey by the New York Fed showed that perceived chance of losing they job jumped to series high. Expected growth in household income and spending decline sharply. Meanwhile, inflation uncertainty increased in both horizons. The mean perceived probability of losing one’s job in the next 12 months incre