EUR/JPY surrenders gains as US stock futures drop.
Covid-19 fears and host of other factors keep risk assets under pressure.
The bid tone around the anti-risk Japanese yen strengthened, pushing the EUR/JPY back to the daily opening rate of 120.43 from the session high of 120.57 after the US index
After finding strong support at 1.6 zone, EurAud corrected 600 pips the next strong resistance at 1.66. A small correction to this leg up has finished just above 1.62 and now a new leg up seems to be underway. A break of consolidation would expose 1.66 Buy dips could be a g
A lot of you guys a currently bullish , but i want to share another view Possible short trade if we do have a confirmation on current 4 H candle (3 hours till close) Grey resistance - Weekly 5 Waves formed = abc correction move 2 Lower highs + 2 lower lows still valid
The latest coronavirus statistics published by China’s National Health Commission (NHC) on Friday, showed that the Mainland reported 32 new infections as of end-June 18 vs. 28 a day earlier.
Beijing city reported 25 new coronavirus cases as of end-June 18 vs. 21 a day earlier.
Australian PM Morrison responded to the poor employment data released earlier on Thursday, noting that the jobs blow from coronavirus is "devastating".
These are our dark times, but can see a ray of light, PM Morrison added.
Treasurer Josh Frydenberg seconded PM Morrison’s take on the employment sce
Switzerland's unemployment rate climbed in May, the State Secretariat for Economic Affairs, or SECO, reported Tuesday.
The jobless rate rose to a seasonally adjusted 3.4 percent in May from 3.1 percent in April. However, this was well below economists' forecast of 3.7 percent.
On an unadjusted basis
As global markets set their sights on a quick recovery from the COVID-19 crisis, key economic data for April – when the pandemic impact is thought to have peaked – will likely be sidelined next week. The Federal Reserve might also struggle to attract the usual attention when it holds a scheduled mee
At 5.00 am ET Thursday, Eurostat has published euro area retail sales data for April.
After the data, the euro changed little against its major rivals.
The euro was trading at 122.21 against the yen, 1.0768 against the franc, 0.8952 against the pound and 1.1205 against the greenback around 5:05 am E
Data from the Commerce Department showed the real gross domestic product decreased at an annual rate of 5% percent in the first quarter compared to the previously reported 4.8% drop. The economy was expected to shrink by 4.8%.
A report from the Labor Department said initial jobless claims dropped to
The Canadian employment report released on Friday showed a negative change in employment by a record of 1.99 million. According to analysts at Wells Fargo, the data reflects how bad is the economy and they forecast a 25% GDP contraction (q/q) during the second quarter.
The pound firmed against its major trading partners on Thursday, as the Bank of England kept its interest rate and quantitative easing program unchanged, saying that the measures to contain the spread of the coronavirus are having a significant impact on the economy.
The nine-member monetary policy
USD/JPY staged a goodish rebound from multi-week lows amid the risk-on mood.
The attempted recovery move seemed unaffected by a subdued USD price action.
A US-China spat over the origin of the virus might contribute towards capping gains.
The USD/JPY pair built on its steady intraday recovery from
Market movers today
In Scandinavia the Norges Bank (NB) meeting will be today's highlight. Relative to its most recent economic projections from 13 March, NB has already reacted to the deteriorated outlook by cutting rates by an additional 75bp on 20 March. We expect NB to stay on hold today keeping