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By: Stuart Cowell
YEN on the up again as TRUMP extends US guidelines to April 30, admits reopening economy will not happen by Easter and FAUCI talks of up to 2 million cases and 200K deaths in US. 6 strains of the virus identified. Equities closed down 3-4% on Friday, FUTS are weaker again today – Gold at 1614 & USOil at 20.50 (with some analysts talking of $10.00 and the PBOC cut 7-day rates to 2.2% from 2.4%
USD Index – 6th day lower on Friday closing at 98.35 – trades today at PP – 98.82 – S1 97.80 R1
EUR – 6th day higher on Friday – closed at 1.1140 – today at pp 1.1078
JPY – moved to S1 107.28 today trying to test 108.00 now
GBP – 4th day higher Friday closed the week at 1.2445 – trades at 1.2345 pp now – S1 1.2224 R1 1.2572
AUD – has moved over pp (0.6100) to 0.6150 and continues to recover. NZD 6th day higher on Friday close – trades at 0.6035
CAD – holds over 1.4000 at 1.4027. Closed the 4th day down on Friday at 1.3982
CHF – 6th day lower on Friday closing at lows under 0.9500.Trades 0.9550 now
BTC – closed Friday 6645 – collapsed over the weekend under 6k- trades at 6200 now
GOLD – trades at 1620 pp. Recovered to 61.8 Fib of fall from 1702. R1 1630 S1 1610
USOil – Closed Friday at 21.84 – Opened at 19.90 – recovered to 20.80 now PP 21.85 S1 20.30
USA500 – closed down 3.5% at 2541 – FUTS opened at 2477 (S1) – recovered to 2560 (PP) now
Today – regional and national German CPI, EZ Consumer Confidence (F), US Pending Home Sales.
Biggest (FX) Mover @ (07:00 GMT) EURJPY (-0.74%) – Gapped lower on open from Fridays close at 120.33, moved under 119.00 but could not breach Friday’s low 118.78. Momentum now flipped. MA’s turning higher, RSI (45) now neutral, MACD histogram signal line flat with, Stochastics rising over 50. – H1 ATR 0.3780, Daily ATR 1.96.
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