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$2.3 trillion lending program A snapshot of the market, a couple minutes into the opening is showing: In comparison, the futures are implying the following levels around 8 AM ET:

The 1.24832 is the swing high from March 27. The GBPUSD is trading to a new session highs in the process is testing the swing highs going back to March 27 March 31 and April 2. Those levels came in at 1.24717 up to 1.2484. The high price just reached 1.24741. The test is on.

Comments from the Fed Chair: There's no hint at more actions here but the Fed has now rolled out around 20 new programs in just over 5 weeks. From the Q&A:

<p>Fed Chair Jerome Powell said the central bank can contribute to fighting the coronavirus pandemic in important ways, “by providing a measure of relief and stability during this period of constrained economic activity, and by using our tools to ensure that the eventual recovery is as vigorous as possible.” “When the spread

<p>US University of Michigan consumer sentiment dropped to 71.0 in April, down from 89.1. Current economic conditions index dropped to 72.4, down from 103.7. Consumer expectations dropped to 70.0, down from 79.7. The -18.1 pts plunge was the latest decline ever recorded. Combined with march’s decline, the two-month drop of -30.0 pts was

<p>NIESR said UKeconomy could have declined by -5% in Q1. And if lockdown continues, GDP could contract by -15% to -25% in Q2. The lockdown is “causing the largest contraction in economic activity since 1921” “The UK economy is now almost certain to experience a major contraction in the second quarter of the year. The [&hell

<p>AUDJPY posted solid gains in recent sessions, continuing to recover after crashing in late February. The pair is now testing the 67.70 zone and crucially, a close above this region could turn the outlook back to neutral, from cautiously negative now. Something similar is being signaled by the 50-day simple moving average (SMA), which has [

<p>China’s 50 stock index (CHI50) is testing the ascending trendline that has been navigating the market since the slump to a one-year low of 11,558. The negative cross between the red Tenkan-sen and the blue Kijun-sen lines and the weakening RSI on the four-hour chart hint that downside risks remain. To confirm that, the index needs [&hellip

<p>The British pound is appearing increasingly bullish against the US dollar currency as the pair attempts to gain strength above the 1.2400 level. A bullish inverted head and shoulders pattern is building and is projecting a move towards the 1.2800 level. The one-hour time frame shows that a sustained breakout above the 1.2480 resistance lev

<p>Notes/Observations Another attempt at key meetings to resolve issues in Europe and in oil markets; can solidarity be achieved??? Europe looks to continue to find solutions for a joint funding for increasing borrowing needs Oil markets hoping that Russia and Saudi Arabia can strike a deal to cut production Asia: Bank of Korea (BOK) left [&h