Bloomberg and Reuters reporting Abe saying he wants to declare a state of emergency today, 7 April 2020 – For 7 prefectures – for 1 month ForexLive
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JP Morgan quant strategist – have seen a peak in new case growth of US coronavirus
Marko Kolanovic, quantitative strategist at JPMorgan: – We believe we've seen a peak in new case growth in the US 3-4 days ago – Deaths will peak in about a week His outlook for equities is for
FX options expiries for Tuesday 7 April 2020, 10am NY cut
Only one of significance is at a strike price of 108.25 in USD/JPY ForexLive
Dollar slips a little more ahead of European trading
EUR/USD climbs to a session high of 1.0830 The greenback is seen weakening further across the board as we move closer to the start of European trading today. The dollar is trading at session lows now against the euro, franc, loonie, aussie and kiwi – while keeping at the lows against the yen and pound […]
AUD/USD inches higher as RBA leaves policy unchanged
The RBA did, however, provide more clues about their QE program ForexLive The aussie is pushing a little higher after the RBA policy decision, with AUD/USD rising to a high of 0.6148 from around 0.6120 prior to the announcement.
Major US stock indices rocket higher into the close
Indices all close with gains of over 7% The major US stock indices rocketed higher into the close. Reports that another $1.5 trillion of stimulus was leaked to Wall Street executives may have been a catalyst. The major indices are closing with oversized gains with the S&P bringing up the rear wi
S&P 500 breaks the 38.2% retracement to touch the highest levels since March 15
Big levels into the close There is a lot of technical resistance clustered around 2650. The ForexLive
GBPUSD falls back below the 200 hour MA
The 4th look below the 200 hour MA The GBPUSD has moved lower on the back of the news that Prime Minister Johnson has moved into intensive care as a result of coronavirus.
Gold runs higher. Up over 2% on the day
Up $35 on the day The price of gold has run higher with the price trading to the highest level since March 11. The high price reached $1657.16. The price is just off that level now. The price has now extended above the corrective high from March 26 at $1645.
US stocks trade to new highs as coronavirus data continues to improve
S&P up 5.47% on the day The US stocks are trading at new session highs as coronavirus data continues to improve with Italy and New York reporting better trends.