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Sales expected to fall 8% The US retail sales report for March is due at the bottom of the hour but I expect this chart from JPMorgan's earnings report yesterday is more instructive than what we'll learn.

Forex news from the European trading session – 15 April 2020 Headlines: Markets: – USD leads, AUD lags on the day – European equities lower; E-minis down 1.5%

Reuters with the details, citing a draft document by the German government – To propose extending social distancing measures until 3 May – To propose keeping mandatory requirement of 1.5 meters distance between people not living in the same household ForexLive

Reuters reports on the matter The credit terms are said to be offered through unnamed Saudi banks, with revealing that they have been offered to at least four refiners in Asia and Europe.

Latest data from the Mortgage Bankers Association for the week ending 10 April 2020 –  -17.9% – Purchase index 182.6 vs 185.9 prior – Market index 770.7 vs 718.2 prior The rise in the headline largely stems from refinancing activity as the long-term rates keep at the lows. The more concerning part though is that […

Here we go again For now, don't expect much to come from this meeting – much like previous editions. ForexLive

Big move lower but seeing a bounce The NZDUSD moved sharply lower into the NY morning sesssion. The range for the day is over 150 pips.  IN the process, the 100 hour MA (at 0.60736) was broken, then the 200 hour MA (at 0.6012). The pair reached it's limit at the 61.8% at 0.5952 level.  […]

German DAX, -3.9%, France CAC, -3.8% the major European indices are ending the day with 2%+ to 3%+ declines on the day. The provisional closes are showing:

The BOC kept rates unchanged as BOC focuses on market functioning The BOC kept rates unchanged (they have already done a bunch) and is focusing on the market functioning and the announced QE program.  In a comment that perhaps should be said more, Gov. Poloz said "It's impossible t

GBPUSD moves above swing area The GBPUSD was able to get above resistance area at 1.24717 to 1.24840. The break (see the number of tests of that area going back to March 27), led to sellers covering.