Test the underside of broken trend line at 1.1478 currently The GBPUSD has moved to a new session low and in the process is testing the underside of a broken trend line at 1.1478. That line was retested earlier today.
Blogs
Are political leader coronavirus test results market moving?
Merkel tests negative for coronavirus but many at risk The latest headlines show that Merkel has tested negative for coronavirus. Most world leaders will surely have been tested. In most cases, I don't think it matters whether a leader has it or not.
Nasdaq/S&P reach new session lows
A look at the daily charts for each The US stocks area trading at new session lows as the early push higher on the Fed actions fizzle with coronavirus fears. Looking at the Nasdaq index, the index just moved to a new session low at 6690.00. That just took out the earlier session low at 6717.352. The index […]
New York State sees 5707 new cases and total of 20,875
The latest from the New York Governor New York State numbers continue to skyrocket. That state alone has more cases than France. The 'good' news is that testing has surged to go along with the numbers. Tests were 16,739 yesterday alone. That compares to just over 60,000 total until yesterday.
Eurozone March advance consumer confidence -11.6 vs -13.0 expected
March eurozone consumer confidence data This isn't nearly as bad as feared. The problem is that any good economic news feels like it's only temporary as shutdowns and layoffs continue to spread. Only 15% of responses were taken after widespread
New day high for the EURUSD. Tests 100 hour MA
100 hour MA at 1.08232. High from Friday at 1.0830 is also being tested. The EURUSD is trading to a new session high and in the process is testing its 100 hour moving average 1.08232. The high from Friday is not far away at 1.1830.
Eurozone consumer confidence likely to fall to worst since 2015, but risks on the downside
Consumer confidence data is due at the top of the hour The consensus estimate for Eurozone consumer confidence at the top of the hour is -13.0. At this point, all economist estimates are basically guesses. If it hits the consensus that would be the worst since early 2015 but the range is wide. Estimates range […]
USDCAD waffles up and down
Intradday ceiling at 1.4488-90 The USDCAD is waffling up and down with a ceiling at the 1.4488-90 area. The low today did move below the 100 hour MA at 1.4390 (blue line in the chart below), but the price is trading back above on the failed break.
Is this what finally turns the gold market?
Gold climbs $25 Debt is exploding and central banks are monetizing debt at an unthinkable pace. QE3 was $40 billion per month and the Fed today promised to buy $125B .
Massachusetts orders non-essential businesses to close tomorrow
Trump is talking about easing restrictions The White House is floating easing commercial business closures after 15 days but that's not a federal government power.