Forex news for Asia trading Wednesday 01 April 2020 Today brought a series of manufacturing PMIs from Asian countries, via Markit. All worsened on the month, except for Taiwan and China. South Korea's result was notable, its 44.2 was worse than any during the tech slump or trade war. See the bullets above for the […]
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Oil – Trump, Putin phone call "may prove to be an important turning point"
US and Russia Presidents Trump and Putin spoke on a call. RBC suggest that the contact between the two: I posted earlier on some remarks from Trump on the call, he said Russia and Saudi Arabia are in discussions and he is ready to step in if asked:
Japan PM Abe says not in a situation to declare an emergency now
PM speaking in parliament Earlier we had comments re: ForexLive
Banks stand to make billions from US coronavirus small business rescue package
The Financial Times with the report Plenty . (FT may be gated) more at the link ForexLive
Japan govmt spokesman says at the brink of virus-related emergency situation
Comments from a Japanese government spokesman, seeing some yen selling. The BOJ have not responded as other central banks have, given their starting point they do seem a little more constrained than others. But … if needed they'll do more. Thhey'll have to get very creatiuve though.
China's State Council extends subsidies, and tax breaks for new-energy vehicle purchases
A boost for producers of electric vehicles in China as the economy crawls back from the coronavirus impact – China to extend subsidies and tax breaks by two years, out to 2022 The State Cou8ncil (China's 'Cabinet') announced the extension late on Tuesday
EUR/USD eases back under 1.1000 to start the session, what levels to look out for today?
EUR/USD eases lower as the dollar keeps firmer ForexLive The pair hit a low of 1.0927 in trading yesterday before bouncing back to keep a daily close above the 1.1000 handle. As the dollar firms once again today, the pair is seeing a move back lower below the figure level to session lows of 1.0986 […]
AUD/USD falls by nearly 1% as dollar firms on the softer risk mood
AUD/USD starts to take a peek below key near-term levels ForexLive The dollar and yen are leading gains in the currencies space, while the aussie just extended losses on the day to fall by nearly 1% now against the greenback.
Dow leads the decline in stocks. Dow posts worst Q1 ever.
Dow & S&P worst month since 2008. S&P falls -20% for the quarter. All indices are in the red going back a year. The US stocks are ending the day with declines across the board but by differing degrees.
Stocks move to session lows as the last hour of trading volatility kicks in
Major indices down -1.5% The US stocks have moved to session lows as the last hour of trading volatility kicks and once again. ForexLive