GBP/USD falls back towards the 1.2200 handle ForexLive The pound had an impressive showing in trading yesterday, as cable rose from 1.1800 to 1.2200 as the dollar continued to falter across the board.
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EUR/USD falls to session low as dollar catches a bid
The dollar turns things around to start the session ForexLive The greenback advances across the board as the dollar index pares losses on the day, with EUR/USD easing back towards the 1.1000 handle currently.
Gold keeps a little lower today but stays on course for a stellar week
Gold is up by over 8% on the week ForexLive If you're wondering what is the main cause for the turnaround in gold this week, you don't have to look any further than the .
EUR/USD upside run tangles with key resistance levels
EUR/USD push higher now runs into a test of its key daily moving averages ForexLive The dollar continues to stay on the back foot today as the flows from dollar funding pressures continue to unwind on the week, following the Fed action on Monday.
Trump takes a swipe at General Motors in tweets
Trump isn't happy with General Motors It sounds like Trump is talking about invoking the Defense Production Act, which will allow the President to order companies to make essential equipment.
Trudeau: Canada to offer businesses $40,000 interest-free loans for a year
Comments from the Prime Minister ForexLive
Lombardy coronavirus cases up 2,409 vs 2,500 yesterday
The curve is flattening but it's a long process Italy has a severe lockdown in Lombardy that started on March 7 so this is Day 20. Obviously the acceleration has stopped but there's been no real turn yet. The past two days are equal but on Wednesday the reported number was 1643.
Pipeline operators asking oil producers to reduce output, growing glut is overwhelming storage capacity
Bloomberg reports that Plains All American Pipeline asked its suppliers to scale back production, – and Plains and Enterprise Products Partners is requiring customers to prove they have a buyer or place to offload the crude they are shipping The companies made the requests during the past week.
US President Trump says now there will be no quarantine on New York, New Jersey, Connecticut
Trump floated his thoughts earlier on twitter re quarantine: He has decided against (check that link above for the DJ argument quarantine): Note, though, the CDC has advised residents of those areas against non-essential travel for the next 14 days.
Coronavirus – Japan's PM Abe on Saturday promises unprecedented economic stimulus
Abe said measures will include fiscal and monetary stimulus alongside tax breaks for companies – details have not been finalized – package will be rolled out in an extra budget in 10 days Abe spoke during a nationally televised news conference