Blogs

The euro rises to the highs for the day as hopes of a EU recovery fund compromise also boost risk appetite See here for global coronavirus case data EUR/USD is now touching a session high of 1.1000 as the pair is getting a boost from reports that the European Commission is outlining a proposal to […]

NZD/USD sits a little higher on the session now, at 0.6212 currently See here for global coronavirus case data Dollar gains are easing up on the session as we see the likes of the aussie and kiwi pare their earlier losses against the greenback. NZD/USD is now up to a session high of 0.6212 and […]

Not a whole lot is happening so far See here for global coronavirus case data The dollar is holding slight gains since early trading today, and that isn't really changing despite some mild optimism in equities to start the session.

CS with technical analysis for the Australian dollar, a snippet or two: – essentially held support at 0.6520 last week – 0.6659/6706 we expect to prove a tough barrier CS see resistance up through to 0.6706:

EUR/USD  USD/JPY  GBP/SD  AUD/USD  EUR/GBP See here for global coronavirus case data

Comments from Williams in an interview: There's no sign of the Fed taking its foot of the gas pedal in these comments. See here for global coronavirus case data

Jordan says the SNB can cut further if necessary, but not for now – Swiss franc remains highly valued Well, their options are rather limited at this stage and I'm not sure what going further into negative territory is really going to achieve. He knows that very well too surely.

Comments by SNB chief, Thomas Jordan, at a UBS event – We do not expect a rapid recovery – Making forecasts at this moment is very difficult – It is crucial lockdown restrictions are reduced whenever possible See here for global coronavirus case data

That just reaffirms the message from Lagarde earlier here In any case, this sets up expectations ahead of their June meeting that all of this will be factored into the staff projections and that more stimulus may accompany it – as they rule out their 'mild' scenario from before.

Lagarde remarks further during the Q&A session – Not overly concerned about high debt levels She's still not really saying a whole lot, as she is giving out overly detailed answers to trivial questions on inflation and debt so far. She's not really touching on anything that markets will be too particularly concerned about fo