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Crude oil prices remain in the doldrums as state after state announces drastic forced reductions in social and economic activity. Meanwhile the deadline for past production cuts to end gets closer.

Gold is down by 0.8% on the day currently Price is now down by 0.8% and back under the 200-day MA @ $1,504.04 as gold is unable to capitalise on the mixed mood in the dollar today.

The dollar starts to claw back earlier losses on the day ForexLive EUR/USD is back down to near 1.0700 after touching a high of 1.0769 earlier as the dollar is gaining some traction across the board to start the session.

<p>Ifo institute warned that the coronavirus pandemic could cost Germany’s economy between EUR 255B and EUR 729B. President Clemens Fuest said such costs would “exceed everything known in Germany from economic crises or natural disasters in recent decades. ” And, “depending on the scenario, the economy shrinks by 7.2 t

Singapore's central bank brings forward their semi-annual decision by about two weeks earlier The Singaporean dollar is weakening as the statement looks to point towards additional easing measures and you can sense the nervous and panic whenever such a decision is made – like many of the central bank actions over the past few weeks.

The BOJ purchased&nbsp;¥201.6 billion worth of ETFs today, similar to the record amount bought on Thursday last week here ForexLive

Comments by ECB governing council member, Bostjan Vasle ForexLive

<p>Pivot (invalidation): 12.3100 Our preference Long positions above 12.3100 with targets at 12.7800 & 13.0100 in extension. Alternative scenario Below 12.3100 look for further downside with 12.1500 & 12.0000 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https:

<p>Pivot (invalidation): 1479.00 Our preference Long positions above 1479.00 with targets at 1511.00 &#38; 1523.00 in extension. Alternative scenario Below 1479.00 look for further downside with 1464.00 &#38; 1455.00 as targets. Comment The RSI is mixed with a bullish bias.</p> <p>The post <a rel="nofollow" hr

<p>Pivot (invalidation): 2455.00 Our preference Short positions below 2455.00 with targets at 2185.00 & 2070.00 in extension. Alternative scenario Above 2455.00 look for further upside with 2560.00 & 2710.00 as targets. Comment The RSI is mixed with a bullish bias.</p> <p>The post <a rel="nofollow" href=&quo