EUR/USD jumped to 1.0926 before falling to 1.0900 and is settling just above that for now See here for global coronavirus case data The euro pretty much doesn't have much of a clue on how to react to the mixed message by the German court ruling earlier, as they voted in favour of the ECB […]
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EUR/USD keeps near 1.0900, German court ruling on ECB QE program eyed
EUR/USD trades narrowly and remains little changed on the day See here for global coronavirus case data The pair is trading in more neutral territory as price is keeping below the 100-hour MA (red line) @ 1.0919 but above the 200-hour MA (blue line) @ 1.0868.
Aussie little changed after RBA policy decision
AUD/USD continues to hug the 200-hour moving average See here for global coronavirus case data The pair tracked lower in trading yesterday before finding support from the 61.8 retracement level @ 0.6374 amid the turnaround in the risk mood during US trading.
Major indices close near session highs.
Dow was down -362 points at the low The major indices are closing higher and near session highs. Hopes for a successful reopening of America is helping the indices move higher today. Earlier in the session, the indices were down as concerned about the reigniting of US China trade tensions on the back of the Trump administration [&
WTI crude oil futures reached $21 in after-hours trading
Up 6% on the day The June contract for WTI crude oil futures has reached $21 in after-hours trading. That is up 6.07%. The June contract settle at 2:30 PM ET at $20.39.
FX option expiries for Tuesday May 05 at the 10am NY cut
EUR/USD GBP/USD See here for global coronavirus case data
German judges partly dismiss ECB QE case
The judges reach a 7-1 ruling in the ECB QE case Despite the ruling, the court says that some action by the ECB QE program partially violates constitution and that some of the action is held illegal i.e. not valid in Germany.
Full statement of the RBA May monetary policy decision
RBA statement for their 5 May policy decision At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
RBA leaves cash rate unchanged at 0.25%
RBA announces their latest monetary policy decision – 5 May 2020 – 0.25% See here for global coronavirus case data There isn't much meaningful change in the language as the RBA continues to paint a rather bleak picture of the economy i.e. 10% unemployment rate, drop in output by 10%, and inflation expected to turn […]
Asia holidays today – Japan and China are out
No USD/CNY mid rate setting coming from the People's Bank of China today. China will be back in tomorrow. Japan is also out again today, and will be out tomorrow.