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The pound is still struggling for reprieve amid multi-decade lows ForexLive The pound continues to struggle as the dollar holds its ground in the European morning. Cable is now down to a low of 1.1507 as it looks to test the 1.1500 handle once again.

Chicago Fed national activity index for February – prior month -0.25 revised to -0.33 – The Chicago Fed National activity index comes in at 0.16 vs -0.29 – a reading below 0 indicates below trend growth in the national economy reading above is above trend growth The data is old and not reflective of the […]

Forex news from the European morning – 23 March 2020 Headlines: Markets: – JPY leads, NZD lags on the day – European equities lower by 3-4%; E-minis down 3.4%

A government spokesman confirms that the German government has signed off on taking on billions in new debt to battle against the economic fallout The size of the package is the outstanding part as it equates to roughly 22% of GDP. Let's see if they will be willing to explore further options if needed down […]

The market is still in risk-off territory in European morning trade ForexLive European equities are actually shaving off earlier losses with the DAX now down by around 3% after having seen losses of 5% earlier in the session. The mood in US futures is also similar with S&P 500 futures now down by 3% after […]

Markit reports UK job security perceptions at its most negative since 2011 ForexLive Markit reports that the UK household finances index just fell sharply from 47.6 in February to 42.5 in March as overall perceptions of financial wellbeing are seeing an accelerated decline amid the economic fallout from the virus outbreak.

German DAX -2.2%. UK FTSE down -4.3% The major European shares fell again in trading today with the UK FTSE 100 tumbling by -4.3%. Below are the provisional closes for the major indices:

House minority leader Both parties need to agree on a deal and the holdup now is that Democrats want more money for states and want oversight on a huge slush fund for corporate bailouts.

The 111.50 high from last week being tested NOW The USDJPY has moved to new highs as the dollar runs higher.   earlier, the action from the Fed has put a floor on assets, and that is good for dollar. Now the stocks have not necessarily bottomed, but yields are lower.  

It's wave after wave of numbers The nature of news in the past two weeks is that central banks and governments deliver huge stimulus news a couple times a week.