Markets are quiet but the Nikkei, US futures are keeping lower ForexLive Not a good return from the lunch break by Japanese investors, as the Nikkei extends its losses to a little over 2% currently. US futures are also still keeping lower, down by 1.5%.
Blogs
Germany sees lowest daily coronavirus case rise in nearly three weeks
RKI reports 2,537 new coronavirus cases in Germany ForexLive The latest daily update from RKI is the lowest case count since 22 March and the good news is that the curve is continuing to show further signs of flattening, with the daily change falling to a little over 2% now.
ForexLive Asia FX news wrap: We have an oil output cut deal (but is it enough?)
Forex news for Asia trading Monday 13 April 2020 A quick one only today, mainly to draw attention to the big news of the weekend, the OPEC+ G20 agreement to cut oil output. Details are still a little sparse and it does appear OPEC and the G20 are overstating the cuts (as well as just […]
AUD/JPY a mover (lower) to open the week
A forex 'risk off' indication from AUD/yen – lower Australian dollar and higher yen Weekend virus reports are a mixed bag, but on balance not overly encouraging as cases continue to ramp higher in the US and elsewhere. Stocks are lower in Japan (Japan is open for trade today) as are US equity index […]
Coronavirus – US spy agencies raw intelligence hinted at a public health crisis in Wuhan in November 2019
, citing two current and one former U.S. officials. An interesting piece on NBC – U.S. spy agencies collected raw intelligence hinting at a public health crisis in Wuhan, China, in November Its an interesting read. Apparently the Nov info did not
South Korea reports 25 more cases of coronavirus, lowest in 7 weeks
You can keep track of global numbers at this resource: It has break downs by individual countries OK, SK, latest via Yonhap (KCDC figures) South Korea on Monday reported 25 more cases of the novel coronavirus
BNP on the OPEC+ G20 oil output cut – "at best" it establishes a price floor
OPEC+ and G20 oil producers have agreed a production cut after four days of talks. ICYMI, the oil news to open the new week (read from the bottom up for the chronology):
The two major data points coming up from Australia this week
We finally get some of the important economic data from Australia – these two are for March, the beginning of the coronavirus outbreak in the country: Tuesday 14 April – National Australia Bank Business Survey for March
PBOC sets USD/ CNY reference rate for today at 7.0300 (vs. Friday at 7.0354)
The People's Bank of China's mid rate for onshore yuan during the session ahead. – The Bank permits trade plus or minus 2% from this rate only (moves beyond this band will be reined in by intervention).
FX option expiries for Monday April 13 at the 10am NY cut
US markets will be trading today, much of Europe and the UK remain on holiday. In Asia: For the major forex centres: — Markets closed: Open: OK, on with the expiry info!