Comments from Mnuchin The key revelation from Mnuchin in his latest appearance is that any bailout for airlines will be on market terms. The airline bailout sets the standard for all the bailouts to come. Companies are pushing for cash grants but Mnuchin is hinting that won't come (Congress has the ultimate say).

That seems premature There is now a second report — from Bloomberg — that Trump is considering changing his messaging. A report about 50 minutes ago from the NYT something similar as does Trump's latest tweets.

The 100 hour MA is key going forward The GBPUSD remains in a three day up and down range. That range is large at over 500 pips (low on Friday was at 1.14083. The high is the Friday high at 1.19328. The low is the Friday low at 1.14083. That is the wide. What is […]

US dollar down across the board The Fed has bailed out Wall Street and the banking system in a truly unprecedented move. The kneejerk has been to get everything out of dollars and a 'risk on' trade has kicked off. This is truly an awe-inspiring move and more is to come with the small-and-medium 'main […]

100 hour MA stalls the rally at 0.5836 The AUDUSD moved up to test the 100 hour MA on the Fed news. That MA comes in at 0.5836. The high price did extend to 0.5844 by quickly move back lower. We currently trade at 0.58041. Going forward from a technical perspective it would take a move […]

…and hopes for a deal on Capitol Hill The US stocks are opening with small losses after the Fed announced they would basically do unlimited QE. The Fed's actions is a vote of confidence that coronavirus will come and go, and the economy will rebound, when the unlimited buying can be u

Germany to ramp up bond sales Germany announced it will sell EUR87.5B in debt in Q2 compared to its earlier forecast of EUR55.0B previously. One of the reasons that Italian and Greek yields came down so much in 2019 was that there was a shortage of German debt and it it was sub-zero yielding. At […]

Ceiling at 0.9887-0.9899.  100 day and 100 hour MA below The USDCHF is trying to push below the 200 day MA at 0.98152 currently. Now that is nothing new over the last 3 days of trading. In fact, the price has traded above and below that MA level over the last 3 days.  When a […]

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.

Bitcoin initially surged during the opening hours on Friday, but as I had been talking about previously, the first major resistance barrier was going to be at the $7000 level.