Blogs

What the hourly chart and price action is saying. GBPUSD. In the NY session on Friday, the GBPUSD tried to stay below the 1.21842 (50% of the week's trading range). The price spiked above the level, but could not get above other topside target including the channel trend line and 200 and 100 hour MA.

EUR/USD  USD/JPY See here for global coronavirus case data

The latest from Israel's central bank The central bank said it would expand the use of existing tools, including interest rates (negative?) and operate additional ones if crisis lengthens.

People's Bank of China substantially weakening the yuan at the mid rate setting  Weakest CNY mid rate since 2008 (this chart doesn't go back that far) No open market operations from the PBOC today.

BOC Governor Poloz speaks on 'Monetary Policy in Unknowable Times' on Monday – Poloz speaks at 1:30pm ET, which is 1730GMT – event will take place by videoconference As a heads up a little further out Poloz will also be speaking on Tuesday alongside Senior Deputy Governor Wilkins

<p>Germany ifo Business Climate recovered to 79.5 in May, up from 74.2, slightly above expectation of 78.8. Expectations gauge also jumped to 80.1, up from 69.4, beat expectation of 75.0. But Current Assessment gauge dropped to 78.9, down from 79.4, missed expectation of 81.9. Looking at some details, all sector indexes improved but stayed ne

<p>Germany’s GDP contraction was finalized at -2.2% qoq in Q1, unrevised from initial estimate. That was the largest decline since the global financial and economic crisis of 2008/2009. It’s also the second worst since reunification. Looking at some details, consumption expenditure dropped -1.0% yoy. Gross capital formation droppe

<p>In April’s preliminary data, Australia’s goods exports dropped -12% mom from March’s record high of AUD 35.8B to AUD 31.4B. The contraction was driven by exports of non-rural goods (down -8% mom) and non-monetary gold (down -47% mom). Imports dropped -5% mom to AUD 23.1B. The decrease in imports were driven by intermediat

<p>In an interview with German weekly Welt am Sonntag, Eurogroup head Mario Centeno said that the Franco-German proposal of EUR 500B recovery fund could be a “critical part” in the “larger and coordinated” coronavirus response”. It would “allow us to protest the single market in the recovery phase”. H

<p>Asian markets are relatively mixed in quiet trading as another week starts. Hong Kong stocks dip mildly following Sunday’s protests against the national security laws. But some optimism is seen in Japan with Nikkei’s rise. Movements in the stock indices are limited anyway. Sterling is trading mildly higher, followed by Canadian