China tweaks its reporting for case counts again Just take note that asymptomatic cases are not included in the current case counts that are disclosed to the public as China only reports patients which are displaying symptoms. There has been a big debate among local opinions as to whether or not China should start reporting
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Broad indices move up over 3% on the day The US stocks moved up to a new session high but backed off just a bit into the close. It was still a solid day higher. The major indices are closing at: S&P index rose 5.02 points or 3.35% to 2626.49. Nasdaq index rose 271.77 points or 3.62% tp 7774.15.
Data from a survey from market research firm GfK on UK Consumer Confidence for March -9 expected -15 prior -7 GfK comment: “While we have a long way to drop before we match the devastating numbers seen in July 2008 when the Overall Index Score crashed to -39 points, lockdown Britain can only expect further deterioration”
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The pair is waffling up and down in trading today The AUDUSD is mired in a range between 0.6183 on the topside and 0.6111 on the downside. There are three separate lows in the AUDUSD at 0.6111, 0.6112 and 0.6111. A move below that level would be more bearish intraday with the swing high from
It took a 50 BP cut by the BOC to win the weakest battle (for now at least) The USD was mixed at the start of the NY session with gains vs the NZD, CAD and EUR, and declines vs the JPY. The greenback was near unchanged versus the GBP, CHF and AUD. Since then, the dollar
An ICYMI from Russia, announcement by the city’s Mayor Moscow lockdown from March 30 All residents forbidden from leaving their homes and their movement in the city would subject to special permits exceptions for buying groceries, medicines, walking pets within 100 meters from home and disposing of litter Four days ago President Putin said Russia
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A close back above the 200 day MA at 1.1080 would be the first since March 16 For the month of March, the EURUSD peaked on March 9th at 1.14918. It spent the next 9 -10 trading days trending to the downside. The low was reached on March 23 (on Monday). The last 5 days
Bloomberg reports that Plains All American Pipeline asked its suppliers to scale back production, and Plains and Enterprise Products Partners is requiring customers to prove they have a buyer or place to offload the crude they are shipping The companies made the requests during the past week. This is a clear sign that a growing
The last hour has been a roller coaster ride of late. We are heading into the last hour of trading. The good news is the price action has been somewhat contained today After early weakness, the market has been improving. The S&P and Nasdaq trade near session highs (although still lower on the day). The
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What do you do when your beloved currency when it is weak? Exactly like this recent Forex breakout trade that evolved into a longer-term swing trade. This trade demonstrates how to trade the GBP/USD Forex pair like a professional, including recognising an opportunity in the market, taking an entry, and managing stop losses and profit-taking.
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