Articles


Audio recap: Things are looking up…..at least for now

April 7, 2020 22:26   Forexlive Latest News   Market News  

What’s moving markets today
The mood continues to
improve, with stocks extending their recovery run as investors feel better
about coronavirus updates that show a light at the end of the tunnel. The US dollar has sold off as a consequence, with the market no longer as panicked
about needing to own the Buck on a flight to safety.

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Canada March Ivey PMI 26.0 vs 54.1 prior

April 7, 2020 22:06   Forexlive Latest News   Market News  

The latest manufacturing survey from the Richard Ivey School of Business:
ForexLive

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Canada March Ivey PMI 26.0 vs 54.1 prior

April 7, 2020 22:05   Forexlive Latest News   Market News  

The latest manufacturing survey from the Richard Ivey School of Business:
Sentiment surveys everywhere in March are absolutely brutal and they won’t be any better in April.

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Major indices continue the rally

April 7, 2020 21:35   Forexlive Latest News   Market News  

Momentum continues after the 7%+ rise yesterday
The major indices climbed over 7% yesterday and continuing that trend today. The indices are currently up near 3% in early trading. 

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Mnuchin: Trump looking at areas of the country where economy can be opened

April 7, 2020 20:45   Forexlive Latest News   Market News  

Mnuchin on Fox Business
Kudlow says that $50 billion of the $350 billion small business lending program has now been disseminated.
ForexLive

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GBP/USD rises to two-day high as it tries to carve out reversal

April 7, 2020 20:33   Forexlive Latest News   Market News  

Cable hangs in the balance
Cable is up 135 pips to 1.2366 and at the highs of the day. It’s bounced back on reports that Boris Johnson is not on a ventilator, just on oxygen.

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UK PM spokesman: Boris Johnson has not been diagnosed with pneumonia

April 7, 2020 20:02   Forexlive Latest News   Market News  

Comments by UK PM spokesman, James Slack
– Johnson was stable overnight and remains in good spirits
– Johnson is not on ventilator, is receiving oxygen
– Government has a clear plan to respond to coronavirus
The headlines have helped to give the pound a little nudge with cable rising to a high of 1.2358 before backing off a

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ForexLive European FX news wrap: Dollar falls as risk rally builds further

April 7, 2020 19:56   Forexlive Latest News   Market News  

Forex news from the European trading session – 7 April 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities higher; E-minis up by 3.5%

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Tokyo governor says to announce on 10 April which businesses will be asked to close

April 7, 2020 19:26   Forexlive Latest News   Market News  

Comments by Tokyo governor, Yuriko Koike
– Request to close businesses will take effect on 11 April
ForexLive
Even if it may not be legally enforceable, I would expect many businesses to adhere to the government’s request especially during this unprecedented time in the world. If Tokyo begins to shut its doors, it would be almost equivalent to

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ALM carried out 332,414 coronavirus tests last week in Germany, over 47,000 tests a day

April 7, 2020 18:33   Forexlive Latest News   Market News  

The Association of German Certified Labs (ALM) reports on the matter
The number is even up from the week before where 313,957 tests conducted.
In terms of the hit rate, the association reports that 9.2% of tests returned a positive reading last week as compared to the 8.9% hit rate from the week before.

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