EUR/USD is trading in a relatively narrow range, as price continues to test the 200-hour moving average ForexLive Amid a hold below the 1.1000 level, sellers are keeping the pressure to the downside but are still unable to firmly break below the 200-hour MA (blue line) @ 1.0937 currently.
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FX option expiries for Friday April 03 at the 10am NY cut
EUR/USD – 1.0750 934m EUR – 1.0900 574m USD/JPY – 107.45 430m USD – 107.50 355m – 108.00 2.0bn – 108.35 890m GBP/SD
CME changes how it calculates fixings for FX options contracts
Changes will take place April 19 The CME will change the way it calculates fixing levels for the 10 am New York options cut starting April 19. The calculation will expand to 20 trades in a 60-second window at the fix.
More from the PBOC: Virus shock to China's economy is temporary
The news conference at the People's Bank of China switching over to the economy – won't allow credit crunch or flood of credit – must ensure m2, loans grow slightly faster than nominal GDP
PBOC vice gov says need to consider CPI, other factors, before adjusting benchmark rate
Press conference comments from People's Bank of China vice Governor Liu Guoqiang – need to consider further before changing deposit rate – need a complete evaluation before changing
PBOC sets USD/ CNY reference rate for today at 7.1104 (vs. yesterday at 7.0995)
People's Bank of China devaluing the onshore yuan at the setting again today ForexLive
RBNZ Gov Orr says the Bank can increase stimulus if needed
Reserve Bank of New Zealand Governor Adrian Orr in a press interview ( may be gated) link – can continue to provide monetary stimulus for a long, long time
US Federal Reserve asset purchases are stunningly large – recent data
In the days between March 16 and April 2, the Fed has purchased – $935 billion in US Treasurys – $344 billion in mortgage bonds Its going to take a while before the fiscal support cash flows out to the consumer and businesses, Fed might wind back a bit when this does happen.
Fed's Kashkari: We are almost-certainly in a recession, question is length
Comments from the Fed's Kashkari: Some very superficial comments from Kashkari. I would prefer to hear some Fed members get into the details of the 13 programs they've rolled out since the end of Feb.
ADB slashes China’s growth forecast to 2.3% in 2020, but rebound expected next year
<p>The Asian Development Bank slashed China’s growth forecast to just 2.3% in 2020 on coronavirus pandemic. Though, it expects a strong bounce back of 7.3% in 2021. ADP noted warned that a new round of domestic infection of further global spread could “increasingly dampen investor sentiment, consumer spending, credit sustainabilit