GBPUSD falls to the 200 hour MA and finds some buyers
The GBPUSD corrected off dip buying against the 100 hour MA up to 1.3106. The move back above the 1.3100 could not be sustained. The price moved back down ().
AUDUSD trades to a new week low on coronavirus fear
The AUDUSD has turned to the downside as fears of the coronavirus is taking hold into the weekend.
In the process, the pair is moving away from its 100 day MA at 0.6839, and below the earlier lows for the week at 0.6827. Those levels are now risk/bias defining levels.
Gold rises to the highest since January 8
Gold is catching a safe-haven bid in a quick rally to $1574 from $1559 at the start of US trading.
The market is divided at the moment. There is a big cohort of people who continue to buy dips in stocks while a second cohort is bidding up safe assets as a
Mnuchin says he expects China to issue more tariff waivers
The US announced it would issue 20-year bonds this year as it copes with a deficit at 5% of GDP.
EURUSD back near session lows
The EURUSD is trading back near session lows. The low for the day reached 1.10257. The price just traded to 1.10259.
US 10-year yield falls below the Iran spike-low, nears December low
US stocks have been a juggernaut this year but the bond market continues to signal concern. The latest coronavirus headlines have sapped risk and pushed the US 10-year below 1.70% for the first time in 2020. The December low of 1.6917% is a level to watch, followed by
CDC confirms a second US case of coronavirus
USD/JPY is under some pressure as risk trades slip and gold rallies. The big level I'm watching is 1.70% in the US 10-year. It's just above that now, down 3 bps on the day.
US January prelim Markit services PMI 53.2 vs 53.0 expected
Oil breaks support, falls to 10-week low
OPEC officials gently floated the idea of more production cuts if necessary in March but that didn't do anything to stem worries about global growth and demand in the oil market.
US stocks open with gains. Nasdaq makes a record high.
Intel's earnings after the close yesterday beat expectations on the top and bottom line and the for guidance was also more positive. Intel shares are up $4 on the day or 6.4%In the US debt market, yields are ticking more to the downside:In other markets as stock trading gets underway: