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  • Williams: Doesn't see Fed actions overheating the economy May 28, 2020
    Comments from NY Fed President John Williams: There's nothing new here and it all underscores the optimism (dare I say complacency?) about the reopening and return to normal.
  • European equity close: The rally continues May 28, 2020
    Another day of big gains in Europe See here for global coronavirus case data
  • AUDUSD buyers make a play above the 200 day MA....again May 28, 2020
    The test of the 200 day MA held on the first test, but not the second today. The AUDUSD buyers took the price to the 200 day MA a few hours ago and found sellers (at 0.66537).  The sellers took the price back down to a low of 0.6636, before reversing back higher. The pair has […]
  • That support target in the USDCHF didn't do much May 28, 2020
    Sellers below the level have taken the USDCHF sharply lower The 100 day MA and trend line on the hourly chart was tested and then broken at 0.9682.  The buyers did not hesitate to exit. The sellers added to the momentum move lower.   The price tumbled to a low of 0.9647. The low for the […]
  • EIA weekly US oil inventories +7928K vs -1911K expected May 28, 2020
    Weekly petroleum inventories: That's a big build but it was largely foreshadowed by the API report late yesterday. Oil is under some modest pressure and down 37-cents on the day to $32.44. API numbers from late yesterday:

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