Blogs

European Commission president, Ursula von der Leyen, tweets out a message The restrictive measures taken by Member States have been crucial in reducing the number of new infections. This has helped our health systems to cope but these measures come at a huge price..This roadmap is not a signal that containment measures can be lifted […]

Spain reports 5,092 coronavirus cases in the past 24 hours ForexLive That is the highest case count over the past day since 9 April, which may suggest that the drop in the recent figures could be more related to the Easter break i.e. less testing.

Handelsblatt, Bloomberg, and Reuters are also reporting a similar story here An official announcement may come later in the day as chancellor Merkel is meeting with leaders of Germany's 16 states, along with the possibility of hints on how they may be planning to wean off said restrictions over the coming weeks.

USD/CAD is up by over 100 pips today, moving back towards 1.4000 ForexLive The notable thing about the rise in the pair today is that price has broken back above its 100-hour MA (red line) and buyers are now looking for a test of the 1.4000 level as well as the 200-hour MA (blue line) […]

Oil hits a low of $19.20 after the IEA report ForexLive That breaks the low for the year of $19.27 set on 30 March as price now flirts with a potential break to its lowest levels in nearly two decades.

Comments by IEA chief, Fatih Birol – April may be seen as the worst month ever – We may look back and say that April will be known as 'Black April' in the oil market The risk mood continues to sour further after the IEA report, with oil prices threatening a firm break below the […]

<p>First, a review of last week’s events: – EUR/USD . The last week of April was marked by three events­: the Fed meeting, as well as the publication of data on the US and Eurozone GDP. As for the US Fed, the results of its meeting were predictable. The interest rate was left unchanged at […]

IEA with its latest commentary on the oil market – Implied stock buildup of 12 mil bpd in 1H threatens to overwhelm logistics – Forecasts a drop in global oil demand by a record 9.3 mil bpd ForexLive

USD/JPY bounces to a session high of 107.40 ForexLive Amid the heavy wave of risk aversion in the market right now, the dollar is outperforming the yen as we start to see economic worries intensify and that is being reflected across risk assets in European trading so far.

German press agency, dpa, reports on the matter ForexLive