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Copper prices continue to face pressure amid the coronavirus pandemic, but a recovery appears likely, should the recent IMF projection calling for a sharp economic recovery in China come to pass

The price of gold may consolidate over the coming days as the Relative Strength Index (RSI) reverses course ahead of overbought territory.

The Mexican Peso sank as Fitch downgraded Mexico’s credit rating, USD/MXN rose towards resistance. The Australian Dollar may fall with stocks. also facing a local jobs report.

The S&P 500 Index takes a spill as coronavirus-battered earnings and plunging oil prices spook investors, but the US Dollar climbs higher owing to the return of risk aversion and safe-haven flows.

The DAX 30 fell on Wednesday as risk appetite waned and earlier gains were forfeited. Now the index is nearing support that has helped to keep price afloat before. What next?

EUR/USD  USD/JPY  GBP/USD  EUR/GBP ForexLive

Remarks from the Chinese central bank – To further support small companies via relending ForexLive Much like before, when the PBOC or Chinese authorities make such a pledge, expect there to be follow-up action to inject more liquidity into the market soon enough.

An overnight announcement from the NY Federal Reserve  Starting on Thursday, April 16, the Federal Reserve Bank of New York will begin regular publication of its Weekly Economic Index (WEI) to provide timely information on the state of the U.S. economy amid the COVID-19 pandemic.

People's Bank of China weaknes the onshore yuan at the mjid rate setting from yesterday Skips OMOs  

Reserve Bank of New Zealand Governor Orr and Assistan Gov Hawkesby speaking, parliamentary committee. Orr: – banks went into the shock in a strong position – COVID-19 economic shock is a fiscal policy challenge Hawkesby: