Forex news for Asia trading Wednesday 25 March 2020  A quieter day on the forex today in Asia as once again the focus was on the US Congress and the negotiations over the coronavirus economic relief measures. As I post there still has not been a vote (and indications are a vote is unlikely this […]

Despite a massive 10% rally in the S&P 500 Index, driven by Fed intervention and fiscal stimulus hopes, stocks remain deep in bear market territory as coronavirus fallout raises recession risk.

USD/JPY has recaptured much of the ground it lost in March as it takes aim at the February high around 112.22. With stocks rallying, has risk appetite returned and what will it mean for USD/JPY?

The Euro is at risk in the medium term as US fiscal stimulus bets push the Dow Jones to its best day since 1933. The US Dollar may fall with all eyes on a virus relief bill.

AUD/USD looks poised for a larger recovery as the exchange rate carves a series of higher highs and lows, while the RSI displays a textbook buy signal.

The US Dollar may be at risk as trader positioning warns that the S&P 500 may bounce as markets look forward to fiscal stimulus. USD/CAD could rise if key support holds down the road.

A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers.

The price of gold appears to be making a run at the yearly high ($1704) following the reaction to the former-resistance zone around $1450 to $1452.

People's Bank of China onshore yuan mid rate for the trading session ahead.  Skips OMOs today but the PBoC to conduct 5Bln Yuan of CBS Operation on March 25

<p>In the summary of opinions of BoJ’s March 16 meeting, it’s noted that “global financial and capital markets have been unstable” and “Japan’s economic activity has been week” due to growing uncertainties over coronavirus pandemic. “Downward pressure on Japan’s economy has been increasing