The drop is the largest on record, says the Japanese tourism chief statistics ForexLive March to April is usually one of the peak travel periods for Japan due to the cherry blossom season, but this year is going to be a massively different story sadly.
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Aussie, kiwi extend losses as risk aversion deepens
AUD/USD threatens a firm break below the 100-hour moving average ForexLive Stocks are falling further on the session, with European equities losing further ground as the DAX is now down by 1% on the day. Treasuries are staying bid, with 10-year yields slipping by more than 5 bps to just under 0.70% currently.
The world will need more than one coronavirus vaccine, says GSK CEO
GlaxoSmithKline CEO, Emma Walmsley, says that more than one vaccine will be needed considering the demand in this global crisis For some context, GSK is partnering with Sanofii to try and achieve that but Walmsley says that "there is still an enormous amount of work to do". In trying to manage expectations, she adds that […
European equities slightly lower at the open today
Slightly softer tones amid risk aversion in the market – Eurostoxx -0.2% – Germany DAX -0.3% – France CAC 40 -0.3% – UK FTSE -0.4% – Spain IBEX -0.7% ForexLive
Spain March final CPI 0.0% vs +0.1% y/y prelim
Latest data released by the National Statistics Institute – 15 April 2020 – CPI -0.4% vs -0.3% m/m prelim – HICP +0.1% vs +0.2% y/y prelim – HICP +0.6% vs +0.7% m/m prelim
France March final CPI +0.7% vs +0.6% y/y prelim
Latest data released by INSEE – 15 April 2020 – CPI +0.1% vs 0.0% m/m prelim – HICP +0.8% vs +0.7% y/y prelim – HICP +0.1% vs 0.0% m/m prelim ForexLive The preliminary release can be found . A mild revision higher in the final reading but it doesn't really change the picture all too […]
Cable eases lower as dollar keeps firm on softer risk mood
GBP/USD falls back below the 1.2600 level ForexLive The chart pattern in cable mirrors what we are seeing in in recent weeks, as both pairs are largely driven by dollar flows and the risk mood more than anything else.
AUD/USD extends fall to 1% on the day on risk aversion
AUD/USD falls to a session low of 0.6376 ForexLive The currencies space is displaying hints of risk aversion with the aussie and kiwi slipping further while the dollar and yen are holding their own to start the session.
A study shows that US may need to maintain social distancing until 2022
According to a study by researchers at the Harvard School of Public Health The study cites examples from South Korea and Singapore, noting that effective distancing could reduce the strain of healthcare systems and enable contact tracing to be feasible.
Eurostoxx futures -0.4% in early European trading
Slightly softer tones in early trades – German DAX futures -0.2% – French CAC 40 futures -0.4% – UK FTSE futures -0.3% This reflects the weaker mood in US futures, which are down by about 0.7% as we begin the European morning. Risk is leaning towards the softer side so far, with the yen leading […]