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Says Australia is at single digit rates on infection growth AUD/USD barely moving, its been in about a 20 pip range today.  ForexLive

The greenback advances further against the rest of the major currencies bloc ForexLive Dollar demand is creeping in to start the session as the greenback pushes gains across the board. Notably, EUR/USD has hit a fresh one-week low at 1.0800 while USD/JPY is climbing to a session high of 108.20 currently.

Oil gets a lift on the day as OPEC+ sets a date to talk ForexLive WTI briefly climbed above $25 and is keeping near the level currently as oil pares losses of over 4% earlier to just 1.5% currently.

The technical bias in EUR/USD favours the dollar currently ForexLive The pair is keeping in a relatively narrow range today, but is sitting lower at around 1.0830 – testing support from the 61.8 retracement level @ 1.0838 and also close to the lows posted yesterday at 1.0821.

Major indice rise by 1.6% to 2.2% The US stocks ran higher into the close with the major indices rising about 0.9% more in the last hour of trading.

The USDCHF moves back above the 100 day MA The USDCHF has rebounded higher in the New York session as dollar buying is the theme. The pair bottomed today at a lower trendline (see red numbered circles). Holding that level got the ball rolling. The momentum increased after breaking a swing area a

Tests the 61.8% retracement The EURUSD is breaking to a new session low after a corrective move back to a cluster of resistance (was support from an earlier post), found sellers.  

Buyers and sellers are battling it out.  There are some key levels to eye. I was taking what has been a daily walk with my wife who is also confined at home during the coronavirus sheltering and feeling the effects of being couped up inside. We are fortunate to have some open space where we […]

Major indices mostly higher ForexLive

Crude oil rises by 26% When ever has a 26% surge in oil prices led to a run higher in stocks, and a risk on rally in the USDJPY?  Well today it has. Him