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The pair is waffling up and down in trading today The AUDUSD is mired in a range between 0.6183 on the topside and 0.6111 on the downside. There are three separate lows in the AUDUSD at 0.6111, 0.6112 and 0.6111.  A move below that level would be more bearish intraday with the swing high from […]

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Seasonals aren't a good idea this month There are times when seasonals are a valuable part of the forex toolbox. This isn't one of those times. News on the economy and coronavirus is going to overwhelm any seasonal tendencies. That said, April is generally one of the strongest months for patterns.

Cable rallies to 1.2467 Cable is at the high of the day at 1.2467 in a quick 100-pip turnaround after falling as low as 1.2361 on heavy fixing sales. "I would tend to fade the moves we're through the fix." I before the fix.

The fix is at the top of the hour The pound is quickly lower and a few currencies are bouncing around. We're minutes away from the 4 pm London fix. I would tend to fade the moves we're through the fix.

EUR/USD  USD/JPY ForexLive

Comments by ECB governing council member, Francois Villeroy de Galhau – It is very good if Europe does more on joint-borrowing like coronabonds – But crisis response has already gone further than in the past With the ECB already stepping in with PEPP, the focus turns towards euro area governments' response with regards to coronabon

People's Bank of China  ForexLive

Bank of Japan Governor Kuroda, speaking in parliament   That first point … wow, Japan is way below 2% infalion so its a moot point right now. Still, Kuroda in parliament so he's had to dumb down his message. 

Reserve Bank of Australia monetary policy meeting minutes  These two points important for what is yet to come from the RBA. Indeed we've already seen them implementing their QE program.