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Forex news for Asia trading Wednesday 22 April 2020  A mixed bag of news today with glimmers of hope for coronavirus economic shut downs being relaxed in some countries showing flattening curves and the UK saying its going to begin testing a vaccine. FX rates were relatively subdued apart from a spike in AUD (with […]

Three is not anything clear to account for the pop in the Australian and New Zealand dollars  Newswires not carrying anything to indicate a catalyst 

OPEC+ held a conference call yesterday but there were no new initiatives announced at its conclusion. – No fresh policy moves agreed to or floated out publicly Earlier posts on oil:

Yesterday we had varying reports on the health of NK leader Kim, from he is recuperating to he is brain dead. Read from the bottom up for the chronological order:

AUD data. The Australian Bureau of Statistics is releasing 'preliminary' data for a number of economic indicators during this crisis, to help get a picture of how the economy is responding in a more timely fashion.

Earlier we got the news that the US Senate passes $484bn Covid-19 relief package for small business Says Senate Majority Leader Mitch McConnell – no more until the full Senate is back in session

Scanning across some notes on OPEC and crude, some snippets … not optimistic: Via RBC: (Bolding above is mine) Via TD: See here for global coronavirus case data

A partial indicator for the labour market. Skilled vacancies drop 5.3% on the month in March – the Feb results has been slashed in a revision to -4.5% (from just -0.2%)  For the y/y result in March, -22.7% 

USD/CHF maintains a narrow trading range of 22 pips today See here for global coronavirus case data The pair is trading little change on the day now, around 0.9691 as price action continues to be caught in a bind between key technical levels.

Gold strengthens on the weaker dollar today See here for global coronavirus case data A lot of key levels in dollar trades are being tested right now and gold is also one of them.