MaR Mar 11 2020

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Market Report for Mar 11 2020

New Positions:
GBPCAD stopped at entry
USDCAD @13700

Trade Zones:
None in stocks

FX SURE Mar 11 2020 07.10

Market Trend:
Sideways

Market YTD:
Nasdaq Composite -7.0% YTD
S&P 500 -10.8% YTD
Dow Jones Industrial Average -12.3% YTD
Russell 2000 -19.0% YTD

Market Volume:
NYSE Vol:
Nasdaq Vol:

Key U.S. News:
CPI
Core CPI
EIA Crude Oil Inventories

Comments:
The stock market rebounds 5% from Monday’s massive losses and Oil prices rebound 10%. Another very volatile session and a continued reason to stand aside. Our only remaining position os ZM which has not been stopped out as yet.

Bank of England cuts interest rates to 0.25%. FX is moving so look for areas of interest around support/resistance zones in the direction of the higher timeframe.

Lets go trade!