Blogs

EURUSD moves toward the 200 hour MA A move above the 200 hour MA would have traders looking toward the 50% at 1.09352.   ForexLive

Old swing low at 1.1840 The GBPUSD snapback rally is finding some stall near the 1.1840 level (utlining the key level). That is the swing low going back to 2016. Last week that what was taken out which then at the pair trading at the lowest level since 1985.

Scoots lower on the break The USDCAD has broken below the 200 hour MA at 1.42864 (green line in the chart below).  It was the first break below the MA since March 4th when the break was minimal. You have to go back to February 21 to get to a point when the index spent […]

Dow industrial average up nearly 5% The S&P index is also moving higher with a 88.67 point gain or 3.62% to 2537.26. The index moved closer to the 38.2% retracement of the March 2020 trading range. That level comes in at 2550.28. The 100 hour moving average is above that at 2572.29 (and moving lower). […]

Momentum shifts can be brutal  The GBPUSD moved from a high 1.1972 and 5 1/2 hours later, the price reached 1.16377. That is a decline 335 pips.  In the last 45 minutes, there has been a 150 move to the upside.  Momentum can change in an instant.  

ECB pulling out all the stops ECB officials see the Bundesbank unlikely to push back against activating the OMT but there's some talk of Dutch grandstanding. Here's some on the Outright Monetary Transactions program.

Wall Street's main indexes are building on Tuesday's impressive gains as the risk-on rally continues with US lawmakers reaching a deal on the $2 trill

The total number of confirmed COVID-19 infections in Italy rose to 74,386 on Wednesday from 69,176, the Civil Protection Agency reported. The death to

EUR/JPY broke to the upside as it is testing the 121.00 handle and the March’s highs while trading above the main daily SMAs.

The EUR/USD pair spent the first half of the day fluctuating around the 1.0800 handle but gained traction during the American session amid a fresh USD