Blogs

200 hour MA on AUDUSD comes in at 0.5941 currently The high price could only extend up to 0.6074 as sellers leaned against the resistance.  The last 6 or so hours has seen the price rotated back lower and in the process, is getting back closer to the 200 hour moving average at 0.5941 currently. The low has&nb

That's an ugly headline European leaders are considering suspending IFRS 9, which makes banks take losses on doubtful loans at an earlier stage than before. The ECB already said it will be flexible in enforcing existing regulations.

US crude oil inventories for the week ending March 20: API late yesterday: ForexLive

Crude supply data coming up US weekly oil inventories will be out at the bottom of the hour for the week ending March 20. I think it will take another two weeks before we really see the effects of the virus. The US economy was still mostly open during this survey week. Now people are […]

Trend line break at 1.1840 opens the downside here For now, the trend line and 2016 low break turned the buyers turned into sellers.  The price of the GBPUSD scooted lower. The low has now reached 1.1737 (100 pips can go quickly these days). The next target comes in at the 50% of the move […]

That's a big number Germany's parliament approved aid for smaller firms and the self-employed. It includes a 156B euro supplementary budget. That's a huge number. Germany's GDP is one-fifth of the US which just unveiled an enormous $2 trillion package. In relative terms, this is much bigger. That said, the details matter. Parts

Epic battle going on at 111.50/60 USD/JPY is the place to watch in the currency market right now. It's the financial market's Battle of the Somme. There are continued signs of strain in the dollar-funding market but the Fed is throwing everything at it. At some point, the market should get back to focusing on […]

Early NA session high stalls at the 100 hour MA The USDCAD moved up to the 100 hour MA in the early minutes of trading in the North American session and found sellers.  The MA at the time was at 1.44278. The high price reached 1.4424.  Sellers showed they wanted to keep control and they […]

St Louse Fed President James Bullard speaks to the wires: Bullard has been wrong about this every step of the way. I hesitant to even write up his latest comments lest someone think they can be taken seriously.

Dow leads the way as Boeing is the star The major stock indices are opening mixed. The Dow leads the way as Boeing is the star (up 20% on the day) on the back of the Senate deal.