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The softer risk mood continues to reverberate in the European morning – Eurostoxx -2.0% – Germany DAX -1.9% – France CAC 40 -2.1% – UK FTSE -2.4% – Spain IBEX -2.3% ForexLive

India steps up its fiscal response on the situation – Looking at cash transfers, food security-related measures – To provide insurance to healthcare provider of up to 5 million rupees each More and more fiscal stimulus measures are being introduced by governments everywhere amid the lockdown/containment efforts. But the question remains

The Times reports on the matter It is said that the UK is to pay money directly into people's bank accounts to reimburse them for the losses sustained during this period. Some suggestions in the report say that the amount could be up to £1,700 a month. The full report can be found .

That is a very positive response in the UK Let's hope that this does go some way in helping to limit the number of deaths from the virus outbreak in the country.

AUDJPY to find sellers  The rationale as as follows, with COVID19 spreading rapidly across the globe and the World Health Organisation recognising that the US could become the new epicentre of the outbreak any short term recovery in the AUD is likely to find medium term sellers. The US economic relief bill has given a […]

The 100 hour MA is at 2548.09 The S&P (and stock market in general) is whipping around in volatile trading. The low for the day held a nice round number at 2500 (the low was 2500.72).  The high extended to 2581.90.  We currently trade at 2571.  

Kansas City area manufacturing survey: ForexLive

Pelosi on the plan in the House ForexLive

China tallies up its spending That's about 2.5% of GDP, which is less than hard-hit European economies and the US. ForexLive

Also USDJPY bounces off the March 20 low. The USDJPY did find support at the next target at the 200 hour MA/low from March 20. The low for the day reached 109.369. The 100 hour MA came in at 109.391.  The swing low from March 20 was at 109.32.