USD/JPY is testing lows near the midpoint of the 107 handle in early European dealing, with the latest leg down driven by the extension of the retreat
Blogs
Oil: It is not the end of the world – OCBC
It does appear that when the June expiry rolls around, a similar selloff – and maybe negative prices, would happen again, according to Howie Lee from
EUR Futures: Extra downside on the cards
Open interest in EUR futures markets rose for the second session in a row on Tuesday, this time by nearly 2.3K contracts according to preliminary data
US Existing Home Sales: Fresh evidence of severe economic slowdown
Sales of existing homes declined 8.5% in March, more than forecast, FXStreet’s analyst Joseph Trevisani informs. Key quotes “Sales in the largest sect
GBP/USD: Taking another hit – Commerzbank
GBP/USD continues its recent descent towards the current April low at 1.2163, Axel Rudolph, a Senior FICC Technical Analyst at Commerzbank, reports. K
AUD/USD clings to gains around 0.6335 area, lacks follow-through
The AUD/USD pair traded with a positive bias through the Asian session and is currently placed near the top end of its daily trading range, just below
Australia Retail Sales: The beginning of wild swings – Westpac
Spectacular stockpiling surge offsets initial virus hit to exposed segments, economists at Westpac Institutional Bank apprise. AUD/USD is rising 0.8%
ECB’s Lagarde: Governing Council has never discussed the issue of helicopter money
ECB’s Lagarde: Governing Council has never discussed the issue of helicopter money more to come …
Base Metals: Suffered amid the risk off tone in markets – ANZ
Sentiment soured in the base metals sector as the turmoil in the crude oil markets led to a wave of selling across the sector, strategists at ANZ Bank
AUD/JPY: Multi-week risks to 64 – Westpac
AUD/JPY remains one of the most reliable risk barometers on a multiday/week timeframe, economists at Westpac Institutional Bank said. Key quotes “Weak