Latest data released by Destatis – 16 April 2020 – -0.9% – Wholesale price index -1.5% y/y – Prior -0.9% ForexLive Slight delay in the release by the source. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern.
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Germany March final CPI +1.4% vs +1.4% y/y prelim
Latest data released by Destatis – 16 April 2020 – CPI +0.1% vs +0.1% m/m prelim – HICP +1.3% vs +1.3% y/y prelim – HICP +0.1% vs +0.1% m/m prelim ForexLive
US futures erase losses ahead of European morning trade
S&P 500 futures back in positive territory ForexLive An interesting development as we look towards the session ahead, but so far this isn't quite signaling a change in the currencies space as the dollar continues to keep firmer.
Germany sees daily coronavirus case count rise to highest in five days, deaths also rise
RKI with the latest figures on their dashboard ForexLive The number of daily cases rise by 2,866 – the most in five days – bringing the total to 130,450 cases. Meanwhile, another 315 deaths were reported and that brings the total on that front to 3,569 persons in Germany.
Australia PM Morrison: Contemplating border regulation changes with New Zealand
That will be a good first step towards the reopening of borders That said, the reopening of other international borders is definitely more tricky and may not come any time soon – similar to other countries/regions across the globe.
German chancellery minister: We have massively slowed the virus but it is not gone
Comments by Merkel's chief of staff, Helge Braun The , which may be due to the resumption of normal testing after the Easter break. But the trend has no doubt gotten better.
Trade ideas thread – European session 16 April 2020
Daily thread to exchange ideas and to share your thoughts Risk remains on the back foot as equities keep softer amid the stronger dollar once again today. Bonds are holding more steady though, after yields fell in overnight trading.
Australia PM Morrison: Attention turning to road out of virus lockdown
Comments by Australian prime minister, Scott Morrison – Says RBA governor and Treasury briefed the national Cabinet today – Need to be be prepared for very sobering economic news in the months ahead ForexLive
GBP/USD Positioning For A Move Higher
<p>The pound sterling lost some ground, down over 0.80% intraday. However, prices are recovering after the level near 1.2485 didn’t manage to stall the declines. The Stochastics oscillator is hinting at a potential hidden divergence. This puts the upside bias in view. A continuation higher will see GBPUSD potentially reaching for the 1.2858 l
Euro Slips From Support, Price Action Remains Firm
<p>EURUSD is down over 0.60% on the day. This came as price strongly broke past the price level of 1.1055. However, the euro quickly reversed the declines. Price action is back near the 1.1055 level for the moment. A breakout above this level is needed to confirm the upside momentum. Alternatively, if there is more […]