Bears still in control The NZDUSD for the 2nd day in a row, looked toward the 100 hour MA (and a topside trend line) on the hourly chart and backed off. The 100 hour MA currently comes in at 0.58523. A topside trend line comes in at 0.5866. 

Buyers pushing the upside Drilling to the 5 minutes chart, the price declines recently did not develop much momentum on the brakes of the 100 bar moving average (blue line – .   The inability to move lower on the little dips below, ultimately gave buyers the go ahead to push higher. 

The 38.2% of the March mov e higher The USDCAD has moved lower today being helped by the overall USD selling.  The price decline was able to break below a trend line and the lows from yesterday at 1.4423 area. That got the ball rolling to the downside. 

The high for the day reached 111.352 in the Asian session The USDJPY has inched back toward the high for the day at 111.352. That high was reached in the Asian session. The NY/London session high just reached 111.12.  That is still 23 pips off the highs but the range for the pair is currently […]

Questions about currency volatility, USD panic buying, and the Canadian dollar Everyone is doing the only thing that works and that's buying US dollars. Some fresh swap lines Thursday have inspired a small reversal but nothing else is working so you have people piling in and the price action creates its own momentum. I'm newly […]

We're looking at the worst recession in generations Economists are revising growth forecasts by the day. Goldman Sachs cut them last week to 0% for this quarter and -5% for Q2. Now they've cut them drastically further.

Cable is up by over 2% on the day now ForexLive The pound is rebounding higher on the day as the dollar continues to fall across the board as we see the greenback retraces gains on the week.

AUD/USD is up by over 3% today, runs into test of 100-hour moving average ForexLive The wild swings continue in AUD/USD over the past two days as we now see the currency pair track higher amid the dollar faltering across the board.

The greenback continues to fall across the board to start the session ForexLive The dollar is losing ground across the board as the rest of the major currencies bloc are trading to fresh highs for the day against the greenback.

Oil continues to climb after a record-breaking day yesterday ForexLive The jump today could in part be due to dollar weakness as well but oil is finding some reprieve after a dramatic fall on Tuesday towards the $20 level.