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.

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:

Watch it live here Highlights:

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

<p>Global stock market crash continues today as total coronavirus cases are set to break 130k level very soon. Sentiments were rocked by US unilateral ban of European travellers, which also prompted EU condemnation. US stock futures hit limit down and stocks are set to follow other markets to open with a gap low. The highly […]

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 […]

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.

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.

The extremes are set The EURUSD rallied higher with the general dollar selling today, but when the price reached a topside trend line, the price backed off (see red numbered circles). That&nbsp;trend line currently comes in at 1.0801 which&nbsp;also happens to be the low price from March 18 and near a nice&nbsp;natural&nbsp;level).&

The range is 469 pips and the price rallied close to 400 pips from the close, but still below the 100 hour MA The GBPUSD has a low to high trading range of 469 pips and at the high the price rallied close to 400 pips (high was up 393 pips), but even with that […]