The USD is stronger.  As North American traders enter for the day, the JPY is the strongest followed by the USD as traders revisit the "safety flow trade". The NZD and AUD are the weakest.   The GBP moved back to the downside after the GBPUSD had a reprieve off the low.  

Markit reports UK job security perceptions at its most negative since 2011 ForexLive Markit reports that the UK household finances index just fell sharply from 47.6 in February to 42.5 in March as overall perceptions of financial wellbeing are seeing an accelerated decline amid the economic fallout from the virus outbreak.

The market is still in risk-off territory in European morning trade ForexLive European equities are actually shaving off earlier losses with the DAX now down by around 3% after having seen losses of 5% earlier in the session. The mood in US futures is also similar with S&P 500 futures now down by 3% after […]

A government spokesman confirms that the German government has signed off on taking on billions in new debt to battle against the economic fallout The size of the package is the outstanding part as it equates to roughly 22% of GDP. Let's see if they will be willing to explore further options if needed down […]

Forex news from the European morning – 23 March 2020 Headlines: Markets: – JPY leads, NZD lags on the day – European equities lower by 3-4%; E-minis down 3.4%

Chicago Fed national activity index for February – prior month -0.25 revised to -0.33 – The Chicago Fed National activity index comes in at 0.16 vs -0.29 – a reading below 0 indicates below trend growth in the national economy reading above is above trend growth The data is old and not reflective of the […]

Consumer confidence data is due at the top of the hour The consensus estimate for Eurozone consumer confidence at the top of the hour is -13.0. At this point, all economist estimates are basically guesses. If it hits the consensus that would be the worst since early 2015 but the range is wide. Estimates range […]

100 hour MA at 1.08232.  High from Friday at 1.0830 is also being tested.  The EURUSD is trading to a new session high and in the process is testing its 100 hour moving average 1.08232. The high from Friday is not far away at 1.1830.  

March eurozone consumer confidence data This isn't nearly as bad as feared. The problem is that any good economic news feels like it's only temporary as shutdowns and layoffs continue to spread. Only 15% of responses were taken after widespread

The latest from the New York Governor New York State numbers continue to skyrocket. That state alone has more cases than France. The 'good' news is that testing has surged to go along with the numbers. Tests were 16,739 yesterday alone. That compares to just over 60,000 total until yesterday.