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
The S&P trades near unchanged and near middle of early range
Low for the day stays above its 50 hour moving average The S&P index has reached a high today of 2501.57 and a low at 2407.53. The current price is trading near unchanged levels currently near 2445.
The amount of healthcare workers getting sick is unsustainable
Spain reports that 6,500 healthcare workers have the virus There are two theories about coronavirus that are particularly troubling. 1) That a higher viral load means a more-severe illness
Pictures of packed London trains don't bode well for UK virus picture
Cutting the number of trains does not appear to be a wise move The pound has give up more than 160 pips of gains but is still trading in positive territory on the day at 1.1821 — up 60 pips.
Details of stimulus bill include equity stake in airlines, payroll tax cut for employers
Some details CNBC's Eamonn Javers reports: I'm told that the payroll tax cut in the aid deal will be for employers only, not employees. A Senior Administration Official says employees would benefit from the direct cash payments and enhanced unemployment payouts, but not from the payroll tax cut. Employers would have to pay the payroll
USDJPY holds above lower trend line today
Hourly trend line stalls the lows today The USDJPY yesterday was able to extend above a swing area at the 111.35-583 area twice. And on each break, the price ran out of momentum and rotated back lower.
US stocks open mixed
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.
Fed's Bullard: Perhaps 46 million people will be laid off in US due to virus
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.
USDCAD finds sellers against 100 hour MA and rotates back down
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 […]
The USD/JPY war at 111.50 continues for a fifth day
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 […]