Month: April 2020

Trades near unchanged on the day The EURUSD moved back below the 200 hour moving average earlier and has continued to see more selling into the London close. The price is now near unchanged on the day and trading back below a broken trend line at 1.0825. The 100 hour moving average is next target at 1.08179. Below that
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There was some speculation that they would cut the rating S&P has affirmed Italy’s rating at BBB.  They continue to keep the outlook negative.   They said: could lower ratings if government debt to GDP fails to shift onto clearly discernible downward path over the next 3 years could lower ratings if there is market deterioration
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The Nasdaq lags a bit The major US stock indices are opening with modest gains. The NASDAQ is lagging with a modest 0.9% rise 6 minutes into the new day. The snapshot currently shows: S&P index up 10.09 points or 0.36% at 2807.89 Nasdaq index up 8.923 points or 0.10% at 8503.67 Dow up 104.42 points or 0.44% at 23619.68 in
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