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GBPUSD looks toward a topside trend line at 1.2395

GBPUSD run higher continues The GBPUSD moved above the 50% retracement and is running toward the topside trend line at 1.23953. The high just reached 1.2386.
Mar 27, 2020 Read more

New York state coronavirus cases 44,635 vs 37,258 yesterday

The latest numbers from New York state delivered by Governor Cuomo: Yesterday's highlights: Here is a chart of New York City emergency room visits for respiratory distress. The red line is the seasonal norm.
Mar 27, 2020 Read more

USDCHF is the next currency to move to new session lows today.

USDCHF trades at the lowest level since March 18 The USDCHF is the next currency to extend to a new extreme against the US dollar (to the downside) following moves by the GBPUSD and USDJPY. 
Mar 27, 2020 Read more

Trump takes a swipe at General Motors in tweets

Trump isn't happy with General Motors It sounds like Trump is talking about invoking the Defense Production Act, which will allow the President to order companies to make essential equipment.
Mar 27, 2020 Read more

Trudeau: Canada to offer businesses $40,000 interest-free loans for a year

Comments from the Prime Minister ForexLive
Mar 27, 2020 Read more

GBPUSD making new session highs. Above the 50% retracement

50% of the March trading range busted The GBPUSD is trading below the 50% retracement of the move down from the March 9 high (the March trading range). That level comes in at 1.2304. The high from earlier the day reach that level and backed off. The 2nd look is breaking above the resistance level.  
Mar 27, 2020 Read more

Lombardy coronavirus cases up 2,409 vs 2,500 yesterday

The curve is flattening but it's a long process Italy has a severe lockdown in Lombardy that started on March 7 so this is Day 20. Obviously the acceleration has stopped but there's been no real turn yet. The past two days are equal but on Wednesday the reported number was 1643.
Mar 27, 2020 Read more

USDJPY cracks the 200 day MA

The 200 day is now resistance The USDJPY has cracked below the 200 day MA at 108.29. It also fell back below the 38.2% of the March move higher at 108.407.  Those levels are now short term risk levels for the shorts now. Stay below and the sellers are in control.  
Mar 27, 2020 Read more

Pence: Will be offering guidance to different regions in country in days ahead

Comments from the Vice President on CNBC Here is some on the movement of Americans from a beach in Florida. ForexLive
Mar 27, 2020 Read more

UK coronavirus cases rise to 14,579 vs 11,658 yesterday

UK cases continue to rise Death toll at 759 vs 578 prior. The UK has tested about as many people as New York state but found far few cases. However they have more deaths.
Mar 27, 2020 Read more

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