Blogs

Proposed US oil output cuts seen as way to help OPEC broker Saudi-Russia war truce The Wall Street Journal is reporting, that OPEC US shale producers have opened up talks amid the sharp decline in oil prices. The proposed US oil output cuts are seen as a way to help OPEC broker a Saudi &#821

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22.2% increase from yesterday The German coronavirus cases has risen to 18,607 from 15,218 yesterday. That is a 22.2% increase on the day.  In other recent coronavirus case statistics:

Comments from the Canadian Prime Minister Trudeau on the jump in unemployment numbers. He said the jump has put an unprecedented amount of pressure on the system and that the 500K number is only for this week and compares to the same week last year.

Total shutdown in New York I don't even know if CNBC can stay on the air with this order. For sure this means that commerce will completely stop. NYC is now Wuhan with a lighter touch.

Bloomberg report Bloomberg cites people familiar. More to come. I wonder if this is helping the pound today because the herd immunity strategy would be catastrophic in London. Pictures of the tube today are downright scary.

We're looking at the worst recession in generations Economists are revising growth forecasts by the day. Goldman Sachs cut them last week to 0% for this quarter and -5% for Q2. Now they've cut them drastically further.

Questions about currency volatility, USD panic buying, and the Canadian dollar Everyone is doing the only thing that works and that's buying US dollars. Some fresh swap lines Thursday have inspired a small reversal but nothing else is working so you have people piling in and the price action creates its own momentum. I'm newly […]

The high for the day reached 111.352 in the Asian session The USDJPY has inched back toward the high for the day at 111.352. That high was reached in the Asian session. The NY/London session high just reached 111.12.  That is still 23 pips off the highs but the range for the pair is currently […]

The 38.2% of the March mov e higher The USDCAD has moved lower today being helped by the overall USD selling.  The price decline was able to break below a trend line and the lows from yesterday at 1.4423 area. That got the ball rolling to the downside.