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No one wants to be long into the weekend It looks like the same thing is coming for stocks, at the pace we're headed. WTI dropped like a rock into settlement, ripping through $20. It fell to $19.84 from $24.00 in minutes and from $27.89 at the intraday high. That's a 30% intraday drop.

EUR/USD is up 5 pips to 118.42 today Bank of America Global Research discuses EUR/JPY outlook and " ForexLive

Lost over 100 pips over the last 20 minutes The GBPUSD is not taking the stimulus moves well.  The price action is volatile but the price has moved down about 114 pips from the high.   The price had been waffling around the 200 bar MA on the 5-minute chart.  A ceiling was established around 1.1750 […]

UK deficit will explode The pound can't win right now. If the UK does too little, it falls on economic measures. Now that the government is promising to pay everyone's salaries, it's down on deficit worries.

This sounds like a done deal Some headlines have cut down oil saying that when they met today they didn't discuss cuts but theycut formally together because it's against US laws. It would have to be more of a coincidental thing.

Huge programs from the UK This is going to be costly. Here is is from the : Universal Credit standard allowance and working tax credit basic element to rise by £1000 for a year.

Coronavirus cases continue to rise That's just over 6000 cases today and a 14.6% rise. I wonder if we've reached the capability of the testing. Deaths rose by 627 and are now at 4,032. The rate of mortality-to-confirmed cases is 8.5%. You can only hope the real total number of cases is much, much higher […]

Oil rig counts 664 versus 683 last week The estimates for oil rigs were at 682. Although lower, the rig count is still above the low for the year at 659 from January. That was the lowest level since April 2017

The price of the EURUSD has reached back to the lows for the day The EURSUD reached a low at 1.06518. The price moved higher into the London session but found sellers against the topside trend line. Since then, the price has chopped back to the downside.  The price has just reached to a NY session low at&nbsp

German DAX, +3.0% France's CAC, +4.3%, UK FTSE +0.1% After a few days of rising yields, the trajectory of rates push back to the downside across the board. German 10 year yields fell -12.8 basis points. UK yields fell by -17.2 basis points.