Below lower trend line on the weekly As the clock ticks to the close, the EURUSD is going out at the lowest level since the week of April 16, 2017. The dollar has beeen king this week, and that is the case with the EURUSD as well. Last Friday, the index closed at around 1.1100. […]
It was right around this time last week that stocks shot higher
US stocks fall to the lows of the day The S&P 500 is down 3.8% to the lows of the day. There's still a bit of breathing room before yesterday's lows but it can all fall apart in a hurry. Or it can reverse like it did last Friday, leading to Trump's signature moment.
Hope for another Friday bounce fades. US stocks hit another session low
The wheels coming off here The S&P 500 is down 4.5% to a session low. The market tried to spark the kind of squeeze we saw last Friday but the bears are winning out.
CFTC commitments of traders: EUR flips to longs and at the highest level since July 2018
Forex futures positioning data for the week ending March 17, 2020 Highlights: – JPY longs are at testing the high long level from 2019. That level is the largest long gonig back to November 2016 ForexLive
Stocks plunge to end the week but not as bad as some recent days
When you have -10% days, a fall of -4.35% doesn't sound that bad The US stocks plunged once again today with the declines led by the Dow. Although sharply lower, a fall of over 4% does not sound so bad when we've endured -10% moves of late. What we know is the numbers are not […]
Illinois announces 163 new cases and stay-at-home order for Saturday
Order runs until April 7 Nearly 13 million Americans live in Illinois. They join New York and New Jersey with de facto lockdowns. Many other states (all states?) have taken at least some steps to close down the economy and enforce social distancing.
ForexLive Americas FX news wrap: More central bank measures, more pain
Forex news for New York trading-from-home for March 20, 2020: – Fed adds further swap line operations with 4 other central banks – Initial jobless claims 281K vs 220k estimate Markets:
Coronavirus driven sentiment case studies from last week
Volatile markets heavily drive sentiment What a few weeks we have had in the market in the recently. The human cost to the current coronavirus crisis is mounting and fresh deaths are sadly being reported day by day. Adam was well ahead of the curve of almost everyone when he flagged this concern to ForexLive […]
Time to sell EUR/JPY – BofA
EUR/USD is up 5 pips to 118.42 today Bank of America Global Research discuses EUR/JPY outlook and " ForexLive
Oil crushed into settlement as the April contract wraps up.
No one wants to be long into the weekend It looks like the same thing is coming for stocks, at the pace we're headed. WTI dropped like a rock into settlement, ripping through $20. It fell to $19.84 from $24.00 in minutes and from $27.89 at the intraday high. That's a 30% intraday drop.