Blogs

In the Wall Street Journal  – J.C. Penney is in advanced talks for bankruptcy funding with a group of lenders – in discussions with existing lenders including Wells Fargo & Co., Bank of America Corp. and JPMorgan Chase & Co. for a so-called debtor-in-possession loan that would keep the department-store chain

Reuters polls of economists surveyed over the past few weeks – global economy will suffer its steepest contraction on record this year – a longer, U-shaped recovery more likely Global economy was forecast to shrink 2.0% this year

Yen is not doing a lot on the forex for the session so far. Earlier re Japan: And: — The data point is an indication of prices for services products provided by Japanese firms to other businesses & to government. Data from the Bank of Japan.

Inflation data from Japan   National CPI 0.4% y/y – expected 0.4%, prior was 0.4% National CPI 0.4% y/y excluding Fresh Food – expected 0.4%, prior was 0.6% National CPI excluding Food, Energy 0.6% y/y

USD/JPY price action is a tell that the market is still feeling indecisive See here for global coronavirus case data For the past week, any topside move in the pair is limited by resistance just above the 108.00 handle with minor resistance around 107.80-87 also playing some part in keeping buyers in-check during the course […]

EUR/USD falls to a fresh session low of 1.0730 See here for global coronavirus case data It is a bit of a slippery slope for the euro against the dollar now, after breaking key daily support around 1.0769-78 earlier in the day.

AUD/USD eases back towards a test of the key hourly moving averages See here for global coronavirus case data The topside run yesterday came as price broke above the 200-hour MA (blue line) and buyers established a more bullish near-term bias, amid a better mood in the oil market and a softer dollar for the […]

EUR/USD slumps to a fresh one-month low of 1.0753 See here for global coronavirus case data The dollar and yen are keeping firmer to start the European morning as we see some mildly softer risk tones play out. The greenback has moved to a fresh one-month high against the euro, with EUR/USD easing to 1.0753.

A light one only  EUR/USD –  1.0845 530m euro amount  USD/CAD –  1.4150 730m USD amount  See here for global coronavirus case data

Japan's finance minister, Taro Aso, tells reporters – Have not talked with the BOJ on the matter – Believe it is important to make things flexible – Cannot comment on whether the BOJ's ¥80 trillion JGB purchase target is good or bad In case you missed it yesterday, caused a bit of a drop in the […]