Blogs

A video teleconference of G7 leaders coming up on Thursday,  a follow-up to a March 16 video conference. Apparently the topic is to coordinate national responses to the coronavirus outbreak (according to a White House statement).

People's Bank of China  No OMOs conducted today. Reuters report the PBOC to conduct a MLF today. ForexLive

EUR/USD  USD/JPY  AUD/USD  NZD/USD ForexLive

Senior officials in the US say President Trump's name is to be printed on stimulus checks  – Treasury Department has ordered the change – the Internal Revenue Service is sending the checks to tens of millions of Americans for more

Scanning across some reports from China, with the usual caveat of wariness over data (sources noted as links if you want more): – Data from China Construction Machinery Association showed excavator producers reported record sales in March

Monthly consumer sentiment indicator with a very heavy fall indeed. To a deeply pessimistic 75.6 (prior 91.9) The drop this month is the biggest ever for this series. (dating back 47 years)

A small move in forex with risk currencies marked lower alongside USD/yen.  Scroll down the forexlive.com page for the news as its developed this morning Asia time.

Jeffrey Edward Gundlach is founder of DoubleLine Capital LP Has a bone to pick with the Federal Reserve:  If memory serves Gundlach said he covered all his shorts in US stocks etc. pretty close to the bottom of the plunge in March. Maybe he wanted a bit more time down there to gather more longs? 

Diamondback Energy is on of the biggest Texas shale explorers. – Chief Financial Officer Kaes Van't Hof said the company already is in the process of shutting down 30% of its drilling and would take it to zero if the state clamps down on production. In the event of quotas … 

EUR/USD has reversed course following the failed attempt to test the 2020 low (1.0636), with the monthly high (1.1039) now on the radar.