Blogs

According to sources, the head of the European Central Bank Christine Lagarde asked the European Union finance ministers on Tuesday evening to consider issuing bonds to face the effects of the coronavirus outbreak.

The DAX 30 has enjoyed a strong start to the week as traders digest the fiscal response to the coronavirus. Now, the index has encountered resistance in the form of a longstanding trendline.

S&P 500 surged nearly 15% off the lows with the stimulus recovery now testing the first major resistance hurdle Here are the levels that matter on the SPX500 charts.

The Canadian Dollar gains ground in an attempt to recover recent downside as USD/CAD price action peels back from a four-year high, but will the Loonie rebound last?

The latest French case numbers France is a very important spot to watch because it's using chloroquine more aggressively than anywhere else. If they can cut mortality rates, it's a great sign. They're currently running at just 0.53%, which is much lower than Spain or Italy though not as low as Germany. Be careful from […]

The financial crisis has been averted, the economic one is just beginning There are three crises ongoing right now: You could also argue we're in an oil-market crisis but that's on an entirely different timeline so I'll leave it aside for now.

Cases rise by about 8% Death toll at 683 to total of 7503. The number of cases today was 5,210 from 5,249 a day ago. Social distancing is starting to yield some results. Note that the lockdown started March 8 (when there were about 5K cases) in several northern regions and March 9 nationwide. All […]

Results of the 5-year sale That's a strong auction with a stop through of 1.5 basis points. Bill rates have gone negative today and this highlights the continued real-money demand for safety.

Big ranges for the major indices The gains are impressive and so was the low to high volatility. The German DAX had a low to high percentage change range of nearly 7%. Other indices had ranges all above 5% for the day.  Below is a look at the low% and high % for the major European indices:

That's a 10.5% rise Canadian testing hasn't exactly been the gold standard and there are waves of snowbirds returning from the United States. The country has been on some level of a partial shutdown but not a lockdown. Opinions on how strongly people have followed the advice are mixed. I haven't left the house in […]