That's a big number Germany's parliament approved aid for smaller firms and the self-employed. It includes a 156B euro supplementary budget. That's a huge number. Germany's GDP is one-fifth of the US which just unveiled an enormous $2 trillion package. In relative terms, this is much bigger. That said, the details matter. Parts

Trend line break at 1.1840 opens the downside here For now, the trend line and 2016 low break turned the buyers turned into sellers.  The price of the GBPUSD scooted lower. The low has now reached 1.1737 (100 pips can go quickly these days). The next target comes in at the 50% of the move […]

Crude supply data coming up US weekly oil inventories will be out at the bottom of the hour for the week ending March 20. I think it will take another two weeks before we really see the effects of the virus. The US economy was still mostly open during this survey week. Now people are […]

What is the inside story about the yellow metal now? We've seen a spectacular recovery in the price of GOLD over the past week, with the yellow metal jumping 10% off the recent low. On the surface, the move can be easily reconciled. But beneath the surface, something else has been going on too

New packages from the SNB Full statement: ForexLive

The US dollar initially fell during the trading session on Tuesday, but yet again had seen buyers near the ¥110 level to turn things around and form a massive hammer.

BTC/USD: Strong resistance likely at $7,228

USD/JPY: Yen getting weaker over time

AUD/USD: Pivotal point at 0.6094

In light of a temporary pause in the recent US dollar gains, the EUR/USD pair got a momentum towards the 1.0888 resistance.