Up 1.91% on the day The GBPUSD is one of the strongest currency pairs today with a gain of 1.91% (the GBPCAD is the only pair stronger so far today). The pair has a near 300 pip trading range. That is above the 22 day average of 227. The prices up around 220 pips on the day at 1.1763.  
Blogs
EURUSD backs off the highs in early NY trading. Buyers take price above 100 hour MA.
The 100 hour MA is at 1.0777 level The EURUSD has moved higher in the session today and in the process has been able to extend above its 100 hour moving average currently at 1.0775. The price has not traded above that 100 hour moving average since March 11. That shift today was the minimum to give the bu
The USDJPY remains in the middle of the 3 day range. Buyers keeps more of the bias.
Lower trend line keeps the buyers in play. The USDJPY has extended the consolidation phase to 3+ days now. Today, the price is lower, but off the lows for the day. The low levels stalled along a trend line on the hourly chart, keeping the buyers in play and thwarting the sellers from taking more […]
The GBP is the strongest and the USD is the weakest as NA traders enter for the day
Stocks are sharply higher. Yields are a little higher. The GBP is the strongest and the USD is the weakest as NA traders enter for the day as stocks (and yields) move back higher on hope. Hope for a stimulus package passage, hope that the Fed's stimulus helps the economy, hope that the virus does […]
Gold extends gains to over 3%, touches $1,600
Gold continues its ascend as the dollar falters ForexLive Gold is continuing to surge higher as gains extend to over 3% on the day now as price eclipses the $1,600 level.
US crude oil futures settle at $24.01
Up $0.65 or 2.78% The US crude oil futures are settling at $24.01. That is up $0.65 or 2.78%. The high for the day was up at $25.16. The low for the day fell to $23.09.
USDJPY sitting on wall. If highs not broken, the pair will have a great fall.
A new high but just barely The USDJPY is sitting on the wall. The wall is defined by the 111.352 to 111.584 area. The price did extend just above that level to 111.62, but that's it. Like Humpty Dumpty, if the price does not get back above the highs soon, I get the felling that […]
S&P tests 50 hour MA. Can the market get and stay above the MA level?
Getting and staying above the MA is the minimum As per an earlier post, the S&P is down testing its 50 hour moving average at 2412.11. The price has quickly moved up to a high of 2415.73 and backed off a bit. It will take a move above that MA level – and staying above – to […]
AUDUSD looks toward the 200 hour MA (and other resistance targets)
Price has not been above the 200 hour since March 10th. The AUDUSD is higher on the day, but has been moving up and down between 0.5864 to 0.5974 through the London session.
EURUSD presses against the 100 hour MA. Dip buyers try to hold support.
The 100 hour MA is being tested The EURUSD moved higher and made some key steps to the upside, chief of which was getting above the 100 hour MA (blue line – ).