Not a good look for risk as European stocks give up gains ForexLive After being up by over 3% earlier, the DAX has now seen its earlier gains erode to be higher by just 0.6% on the session currently. US futures are also backing off from its earlier highs, having been up by over 2% […]
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Dollar funding pressures have eased somewhat, but they're not necessarily over
How much has the Fed swap lines helped to ease the situation? ForexLive At the last week, the EUR/USD 3-month basis swap blew up to its widest level since 2011 but since then it has calmed down considerably as seen above.
Tokyo governor strongly appeals for cooperation to contain the virus outbreak
Tokyo posted its biggest daily jump in coronavirus infections today Tokyo governor, Yuriko Koike, is set to make a press briefing at 1100 GMT and has already warned yesterday that they may go into a more strict lockdown if there is an explosive surge in the number of virus cases in the city.
GBPJPY tests the 38.2% and trend line support
Moving averages below trend line The GBPJPY is not immune from the GBP selling today (of course). The pair has moved into the negative now. The pair closed at 130.715. The low just reached 130.842.
New York coronavirus cases 30,811 vs 25,665 a day ago
Case numbers from New York Governor Andrew Cuomo: These numbers aren't bad. The number of new cases has been flattish for three days. He notes that Westchester was the initial source of the outbreak but cases there are slowing quickly after aggressive measures to slow it.
GBPUSD tests 100 hour MA (and moves below)
Trades at session lows. The GBPUSD is testing the 100 hour MA not at 1.16749. The pair has 6 straight down hourly bars now (last close at 1.06968). The price – as I type – is now cracking below the 100 hour MA and looks toward the 61.8% at 1.16464.
Italy: Lombardi region deaths 300 vs 402 on Tuesday
Some progress in the hardest-hit Italian region That's some good news from Italy, inasmuch as 300 people dying can be 'good' news. The numbers are from Bloomberg, citing a source.
New York infection numbers are coming up shortly. Yesterday there were 4790 cases announced
Cuomo announces them live New York Governor Cuomo is about to start his daily press conference. Some highlights from yesterday: Watch live here: He generally announced the total cases first. Anything above 32,665 would be a very worrying escalation and I suspect would hurt risk assets.
The amount of healthcare workers getting sick is unsustainable
Spain reports that 6,500 healthcare workers have the virus There are two theories about coronavirus that are particularly troubling. 1) That a higher viral load means a more-severe illness
The S&P trades near unchanged and near middle of early range
Low for the day stays above its 50 hour moving average The S&P index has reached a high today of 2501.57 and a low at 2407.53. The current price is trading near unchanged levels currently near 2445.