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The dollar may come under more pressure as the key level gives way See here for global coronavirus case data USD/JPY touches a low of 106.77 on the day in a quick drop as the 107.00 handle gives way, with price now touching its lowest level since 18 March.

EUR/USD climbs to a session high of 1.0851 See here for global coronavirus case data The pair is inching higher on the day as the dollar falters amid slightly better risk tones in the European morning, notably making its way back above the 200-hour MA (blue line).

Can sellers find a breakthrough this time around? See here for global coronavirus case data Despite some decent movement in dollar pairs so far on the session, this is the spot to watch when it comes to the greenback and the yen in my view.

AUD/USD works its way back towards 0.6500 See here for global coronavirus case data The pair is continuing its upward march, after erasing earlier losses on the day to hit a session high of 0.6485. It has been a steady climb over the past hour from around 0.6460 as buyers are looking towards testing the […]

EUR/CHF rises to its highest level since 1 April See here for global coronavirus case data The franc has been weakening over the past few sessions, with as seen with sight deposits data yesterday.

You can't even get virtual interest anymore The Financial Times has an about an interest rate cut in the video game Animal Crossing and it's a masterpiece. article

<p>Conference Board US consumer confidence dropped to 86.9 in April, down from 118.8, below expectation of 90.1. Present situation index dropped from 166.7 to 76.4. Expectations index, however, improved from 86.8 to 93.8. “Consumer confidence weakened significantly in April, driven by a severe deterioration in current conditions,”

<p>US goods trade deficit widened 7.2% mom to USD 64.2B in March, up from February’s USD 59.9B. Exports of goods dropped USD -9.1B to USD 127.6B. Imports of goods dropped USD -4.8B to US 19.9B. Wholesales inventories dropped -1.0% mom to USD 650B. Full release here.</p> <p>The post <a rel="nofollow" href="h

<p>UK CBI realized sales dropped sharply form -3 to -55 in April, hitting a joint record low with December 2008. A net balance of -55% retailers reported decline in sales. They also expect a similar pace of decline in May, at balance of -54%, weakest expectations on record. Rain Newton-Smith, CBI Chief Economist, said: &#8220;It&#8217

<p>Ifo head of economic forecasts Timo Wollmershäuser said Germany’s GDP should have dropped by -1.9% in Q1 and would contract -12.2% in Q2. Overall, the economy is likely to shrink by -6.6% in this calendar adjusted year, or -6.2% when the large number of working days are taking into account. Wollmershäuser adds: “We will only [&