Daily News – 25 March


This post is also available in: فارسی (Persian)


By: Stuart Cowell

US Congress agrees $2trillion aid package. The G7 said they would do “whatever it takes” USD continues to cool, Equities (USA500 +9.5% at 2447)) and yields (10yr 0.816) rally, Gold slips $20 (1612) and Oil holds gains but capped at $25.00.
Billions of people now in a global lock-down, China partially opened the Great Wall and 20% of US companies in China back to “normal operation”. TRUMP expects “packed churches” on Easter Sunday (April 12).

USD Index – down again under pp @101.50 – s1 101.27
EUR – pp at 108.00 trades down from yesterday at 108.20, R1 10870
JPY – pp 111.00 – trades at 111.20 R1 111.98
GBP – PP 1.1678 – rallies to 1.1860 and R1. R2 at 1.1980
AUD – today’s best performer again +1% and over 0.6000) trades at R1 0.6030, R2 0.6100
CAD – down under S1 at 1.4360 – S2 1.4300
CHF – down to PP at 0.9800,
NZD –  up to R1 at 0.5880
BTC – holds over $6,500 – trades at $6,700

GOLD – low liquidity, wide spreads (Futures (closed tat 1672) n Spot (out of sync) – Spot rallied to $1634 yesterday – down to 1612. PP 1604 – R1 1656
OIL – lifted to $25.00 but remains capped there for now. PP 24.10, R1 25.30

USA500 – closed up 209 pts (+9.5%) at 2447 – FUTS now trade at 2464

Today – UK CPI was in line with expectations, German Ifo data, US Durable Goods and Weekly Oil inventories.

Biggest (FX) Mover @ (07:00 GMT) AUDUSD (+1.02%) – Continued Monday’s recovery. Breached 200hr MA key 0.60000 level and also R1 (0.635). MA’s remain aligned higher, RSI (70) testing OB zone, MACD histogram signal line rising and positive, Stochastics in OB zone. – H1 ATR 0.0029, Daily ATR 0.0219.

Risk Warning: Trading-Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience, before trading, and if necessary, seek independent advice.


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