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Comments by Germany's center for disease control, RKI – Strategy against the coronavirus outbreak is working – Actual virus death rate probably exceeds what is reported ForexLive

Latest data released by Markit/CIPS – 3 April 2020 – Composite PMI 36.0 vs 37.1 prelim ForexLive The preliminary report can be found . The revision lower reflects the sharpest fall in activity in the survey's history as business shutdowns and drop in demand weigh on UK economic conditions last month amid the virus outbreak.

Singapore to close schools and most workplaces amid the virus outbreak – To close most workplaces except for essential services – To move to full home-based learning for schools ForexLive

Even more so than it already has been Earlier, RIA that 10 mil bpd worth of output cuts is on the table. Now, the WSJ is reporting that roughly 6 mil bpd worth of output cuts will be discussed – adding that Russia will only cut if the US also contributes.

Latest data released by Markit – 3 April 2020 – Composite PMI 29.7 vs 31.4 prelim ForexLive The preliminary report can be found . The revision lower reaffirms record lows for both readings as the virus outbreak situation strikes down the Eurozone economy last month.

Dow industrial average and S&P index down about -0.5% A few minutes into the opening, the major indices are trading lower, but relatively modestly. in the US debt market, the yields are near unchanged levels:

The 200 hour MA is at 1.22028 The GBPUSD tests the week's low at 1.22395.  So far, the price is holding that support.  On a break below, the 200 hour moving average at 1.22028 would be eyed. 

The USDJPY fell below the 200 day MA but stalled after the jobs report The USDJPY fell on the surprise (sort of) -701K decline in nonfarm payroll and rise in the unemployment rate (4.4%).  That decline took the price below its 200 day moving average at 108.298. However, momentum could not be sus

Up and down price action with a new session low through the employment report The EURUSD initially moved higher (lower dollar), then reversed and traded to a new day low at 1.07769 on the release of the US jobs reports. The price is currently trading around 1.0789.

EURUSD, GBPUSD, USDCHF trade to new USD high levels, but bouncing again. USDJPY fell The dollar dollar is whipping around and a relatively modest range after the -701K job declines.