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A good size rise on the week to a still dismally pessimistic 78.2 Later today we'll get the monthly sentiment survey from WPAC: ForexLive

Goldman Sachs reiterate that the output cuts are too little, too late. Not near 20m barrels per day. 20m b/d cuts 'significantly overstate' the level of voluntary cuts, this amount includes  overly optimistic assumptions on market driven declines and also on government crude purchases for strategic reserves

More comments from US President Trump, keen to get the economy reopened. – some states could reopen very shortly, almost immediately – other states will take longer

Trump with a trading tip. Also: – will speak with all state governors shortly (re opening plans) Trump's comments are from the daily US coronavirus briefing. The briefing each day has very little to do with the COVID-19 outbreak. 

USD analysis via ING, the bank says cross-market indicators suggest the dollar may well have topped out – Says that there is a growing sense that "the worst may be over for most financial assets"  More:

A softer touch for Japanese stocks in trading today Despite the more optimistic tone in Wall St yesterday, US futures are sitting lower today and that pessimism is what is translating to risk trades as we begin European trading.

Comments by French finance minister, Bruno Le Maire ForexLive

According to data from the Bank of France – Sales of industrial goods fell by 43% – Food sales down by only 0.9% On the balance of things, the central bank says that retail sales actually fell by 7.2% in Q1 compared to the previous quarter. Department store sales suffered the most, falling by 19.3% […]

Oil sits slightly higher on the day but downside pressure remains ForexLive It has been a quick reality check for oil prices since the conclusion of meeting between OPEC+ and other international producers, with the 9.7 mil bpd worth of output cuts pretty much scoffed upon by investors at this stage.

Daily thread to exchange ideas and to share your thoughts US futures are keeping slightly lower and that is resulting in a more tepid mood for risk currently. In the currencies space, the aussie and kiwi are the laggards while the yen is leading gains. Overall movement remains relatively narrow though.