HSBC hired Andre Cronje from rival UBS back in 2016 as COO of its Global Banking and Markets (GBM) unit.
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France's reports 762 virus deaths. That is the highest in 4 days
Total deaths rise to 15,729 France is reporting: ForexLive
CDC reports 310 new deaths. New total 22,252
US CDC reports daily coronavirus numbers ForexLive
GBPUSD reaches topside trend line target
Topside trend line cuts across at 1.26283. The high just reached 1.26298 The GBPUSD has just extended up to a new intraday high at 1.26298. That is just above a topside trend line on the hourly chart at 1.26283.
Fed's Evans: Even in a best-case scenario, US and global economies will be impaired
Comments from Evans ForexLive
AUDUSD up and down. Looks to test the day highs
Eyes the 61.8% retracement The AUDUSD is trading up and down today, and is currently on one of it's upswings. The price is looking to test the Asian session high at 0.64316. The high price just reached 0.64276. A move above the high should open the door for further upside momentum.
Make It or Break It for The Australian Dollar
<p>China reported a trade surplus for March earlier today at +19.90B vs -7.09B for the combined January-February period. China seems to be back in business after being shut down completely for 2 months. Additional data will be released later in the week. However, all eyes will now focus on if they can keep the coronavirus […]
Overnight Reopening Hopes and China Optimism Rally Undeterred by IMF’s Outlook and Earnings
<p>Overnight Reopening hopes and China optimism rally undeterred by IMF’s outlook and earnings, Oil can’t shake demand woes, Gold shines The V-shaped recovery remains intact as world leaders start plans on how to re-open their economies. S&P futures overnight were boosted overnight as investors are starting to see light at the end of the
US Retail Sales and Industrial Output to be Slammed by Coronavirus
<p>The COVID-19 pandemic has already had a devastating impact on the US labour market and the next data to get the virus treatment are retail sales and industrial production. Both are due on Wednesday at 12:30 GMT and 13:15 GMT, respectively. The virus outbreak may have been dominating the headlines since January but the hard […]
EURCHF Extends Sideways Drift
<p>EURCHF’s long-term downtrend has glided the pair towards a 55-month low of 1.0517 and into a neutral market since the beginning of March. The price is continuing to creep sideways, being squeezed by the Bollinger bands, which are reflecting the weak direction in price action. The short-term oscillators reflect conflicting signals, with the