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.
FM Motegi urges Japanese not to travel to about a third of the countries in the world. The usual suspects are on there, those hit hard by the virus outbreak such as US, UK, and most of Europe. Motegi says will also ban entry from those countires countries on his list (for non-Japanese) ForexLive
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The Fitch ratings downgrade on the UK also isn’t helping the pound ForexLive Cable is continuing its trip lower on the day as price backs further away from a test of 1.2500 to fall to 1.2335 currently. European trading flows are kicking in and the weekend downgrade by Fitch on the UK from AA to
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
US Food and Drug Administration (FDA) authorization came in a letter dated Saturday, but the US Department of Health and Human Services (HHS) acknowledged the FDA’s action in a Sunday news release “Anecdotal reports suggest that these drugs may offer some benefit in the treatment of hospitalized COVID-19 patients. The safety profile of these drugs
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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
Abe said measures will include fiscal and monetary stimulus alongside tax breaks for companies details have not been finalized package will be rolled out in an extra budget in 10 days size of the package will be greater than that compiled in response to the global financial crisis (total 57 trillion yen) said Abe Abe
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#DailyPipTalk #LondonBreakoutTrading #ForexTradingTips #SimpleForexTrading 50 PIPS a Day Forex Trading Strategy Using The Round Numbers My 50 pips a day forex strategy – VERY SIMPLE STRATEGY.This forex day trading strategy is all about making 50 pips a day. This is not guaranteed in real life but its very systematic, the GBP cross pairs all move
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