EUR/JPY stumbles further on the session under 115.00 See here for global coronavirus case data The pair is now taking out support from the April 2017 low @ 114.85 as price hits fresh lows since November 2016 as the euro continues to keep weaker on the session while the yen is maintaining its advance since […]
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Cable falls to fresh nine-day lows under 1.2400
Sellers start to exert more control on a break under 1.2400 See here for global coronavirus case data Evidently, pound sellers were irked by my earlier post and are starting to make waves now as cable sees the 1.2400 level give way. At the same time, EUR/USD is also easing lower to fresh lows on […]
Cable sellers stay in near-term control but are not pushing the issue for now
GBP/USD sits a little lower on the day, just under its 200-hour moving average See here for global coronavirus case data The pair is trading near the lows for the day, but the overall range today is a measly 30 pips (1.2420-50) as major currencies are more tepid to start the day.
AUD/USD continues to do battle around the key hourly moving averages
AUD/USD sellers still defending key near-term levels See here for global coronavirus case data The pair has been steadily recovering after the decline seen late last week stalled at around the 61.8 retracement level @ 0.6374. However, the upside move continues to get caught around the key hourly moving averages over the past few sessions.
EUR/USD falls to fresh one-week low to start the session
The euro is still keeping softer on the week See here for global coronavirus case data The legal complications from the German ECB court ruling yesterday is leaving a bitter taste in the mouths of investors, as we continue to see tensions build after the ECB response:
Major indices close higher, but well off the highs for the day
NASDAQ index leads the way but off 100 points from session highs the major indices are closing higher but well off the highs for the day. Comments from The final numbers are showing:
Fed's Kaplan: sees a significant contraction in US GDP in the 2nd quarter
Fed's Kaplan speaking See here for global coronavirus case data
ECB is keen to avoid direct role in German constitutional court legal case
ECB sources commenting on German court decision The EURUSD has rebounded above close resistance at the 1.0815 level. That muddies the bearish waters a bit for the day. See here for global coronavirus case data
Fed's Barkin: Recovery will be slow. Lawmakers will need to contemplate what next
Fed's Barkin speaking See here for global coronavirus case data
ECB's Muller: ECB certainly able to show that policy measures are proportionate
Comments by ECB governing council member, Madis Muller – ECB needs to discuss how to offer certainty to the court – ECB hasn't yet discussed whether to buy junk bonds See here for global coronavirus case data