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Latest data released by CBI – 23 April 2020 – -29 – Trends selling prices -11 vs 4 expected – Prior 7 – Business optimism -87 vs -58 expected – Prior 23 See here for global coronavirus case data

Gold higher today Gold is up $10 to $1723 after touching $1732 a short time ago. The 8-year high of $1747 was touched last week. Technically, the close above $1700 yesterday was positive and the outlook is increasingly positive.

The dollar continues to chop around on the day See here for global coronavirus case data Notably, the greenback is down to a session low against the yen, aussie and kiwi – as USD/JPY slips to a low of 107.48 and is testing yesterday's low at around 107.50.

EUR/USD falls to 1.0759, the lowest level since 24 March See here for global coronavirus case data EUR/USD is hitting fresh lows on the session, touching its lowest levels in a month now as we see price fall under the 6 April low of 1.0769.

<p>US initial jobless claims dropped -810k to 4427k in the week ending April 18. Four-week moving average of initial claims rose 280k to 5787k. Continuing claims rose 4064k to 15976k in the week ending April 11, highest on record. Four-week moving average of continuing claims rose 3548k to 9598k. Full release here.</p> <p>The post

<p>BoE MPC member Gertjan Vlieghe said in a speech that “based on the early indicators, and based on the experience in other countries that were hit (by the coronavirus pandemic) somewhat earlier than the UK, it seems that we are experiencing an economic contraction that is faster and deeper than anything we have seen in […]

<p>Gold’s new-found confidence today broke above the Ichimoku cloud confirming the bounce off the lower band of the cloud and the 100-period simple moving average (SMA). Boosting this climb is the bullish crossover within the Ichimoku lines and the upward slopes of the SMAs. Moreover, the short-term oscillators suggest further gains for now,

<p>A mixed session so far in Europe, with Wall Street seeing minor losses on the open despite some horrific survey data this morning. Once again it seems investors are willing to give the data a free pass and while I can see the argument for that, it does seem to gloss over the fact that […]

<p>The US 100 stock index (cash) rebounded near the one-month old ascending trendline and the 8,300 level on the four-hour chart, saving its uptrend from a disruption. The price also managed to find some footing on the upper surface of the Ichimoku cloud but resistance around 8,714 is currently blocking the way north. Technically, there [&hel

<p>Notes/Observations EU’s moment of truth as Leaders hold call on recovery fund Major European PMI data registers record lows across the Board as coronavirus lockdown hampers economic activity Asia: South Korea Q1 Preliminary GDP registered its largest contraction since 2008 (Q/Q: -1.4% v -1.0%e; Y/Y: 1.3% v 1.0%e) – Australia Ap