Repeating myself for those who do not understand, the volume of trade has shifted to the June contract This sub $16 price is for the close contract that expires tomorrow.
Blogs
Goldman Sachs recommends a long AUD against NZD (target, stop loss)
Goldman Sachs strategists recommend long AUD/NZD position – target 1.12 – stop loss 1.03 Reasoning Australia has: – stronger external balance – better job market protections And thus Australia should have a stronger position for recovery in economic growth.
AUD/USD buyers aiming for last week's high as dollar slips on the session
AUD/USD rises to a three-day high, just under 0.6400 See here for global coronavirus case data Buyers are extending the move in the pair higher as the dollar eases on the session, with price now climbing and holding a break above the 100-hour MA (red line) as well as the near-term trendline support at around […]
EUR/USD pares losses as dollar gains fall flat on the day
The choppy trading in the dollar continues See here for global coronavirus case data EUR/USD is now paring back earlier losses, rebounding from a low of 1.0841 to 1.0875 currently, as the greenback gives up gains on the day.
Cable eases below key near-term level, but still 'playing in the range'
Cable sits a little lower on the day, near 1.2450 currently See here for global coronavirus case data The pair has eased back under its 200-hour MA (blue line) during the session as the dollar keeps a little firmer so far today. That is seeing the near-term bias turn more bearish but price action remains […]
USD/JPY nears key near-term test close to 108.00
USD/JPY closes in on a test of the 200-hour moving average See here for global coronavirus case data As the dollar is keeping firmer to start the day, USD/JPY is inching higher towards 108.00 and now nears a test of the 200-hour MA (blue line) @ 107.98.
Dollar firms to start the session
The dollar inches higher against the rest of the major currencies bloc See here for global coronavirus case data EUR/USD is brought down to a low of 1.0841 while we are also seeing the greenback touch session highs against most major currencies right now. USD/JPY is up to a high of 107.95 while USD/CAD is […]
FX option expiries for Monday April 20 at the 10am NY cut
Thin agenda for expiring options USD/JPY – 107.00 630m EUR/GBP – 0.8700 See here for global coronavirus case data
Bank of Spain sees economy shrinking by as much as 12.4% this year
The Spanish central bank with their latest outlook on the economy See here for global coronavirus case data The range of forecasts sees the economy shrinking between 6.8% and 12.4%, based on how long confinement measures are maintained as well as the survival rate of businesses.
BOE's Broadbent: Coronavirus crisis is quite unlike a normal cyclical downturn
Comments by BOE MPC member, Ben Broadbent – Hard to think distinctly about the hit to demand, supply – Sees 'powerful demand effects' as a result of the virus impact See here for global coronavirus case data