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.

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.  

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). […]

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 […]

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.

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

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 […]

Republican Senators Tim Scott, Ben Sasse and Lindsey Graham published a statement demanding an immediate fix to a drafting error in the coronavirus em

The price of gold is slightly lower at the time of writing in the New York session, trading at $1,612.85 between a range of $1,597.20 and $1,643.10 an

The GBP/USD pair bounced sharply, rising more than two hundred pips from the daily low and it is back in positive territory for the day. The bounce to