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Author: Justin Low

Comments by China's Cabinet via state media

Whenever you see comments like these being communicated from China, you can expect these measures to come about in due time. China had already announced RRR cuts for some banks on 13 March but it looks like more is coming pretty soon.
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Tue 31 Mar 2020 11:09:28 GMT

Ford postpones North American production restart

The postponement is aimed to protect its workforce In case you missed the earlier from two weeks back, Ford is among those who said that they will shut shop until the end of this month initially.

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Ford postpones North American production restart


Justin Low
Tue 31 Mar 2020 11:09:28 GMT
Author: Justin Low
Category: News
0


The postponement is aimed to protect its workforce In case you missed the earlier from two weeks back, Ford is among those who said that they will shut shop until the end of this month initially.

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Italy death toll rises by 756 to 10,779 on Sunday
Asset 41
Tue 31 Mar 2020 10:39:51 GMT

3

AUD/USD grinds lower by 1% on the day, nears test of key near-term levels

AUD/USD falls back towards the 0.6100 level ForexLive The pair got a mini-flash crash earlier in the day in a fall to 0.6078 before quickly rebounding towards 0.6200 but has been steadily grinding lower in the European morning.

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AUD/USD grinds lower by 1% on the day, nears test of key near-term levels


//az705044.vo.msecnd.net/20200331/3-31-2020-6-26-38-pm.png Justin Low
Tue 31 Mar 2020 10:39:51 GMT
Author: Justin Low
Category: Technical Analysis
3
AUD/USD falls back towards the 0.6100 level ForexLive The pair got a mini-flash crash earlier in the day in a fall to 0.6078 before quickly rebounding towards 0.6200 but has been steadily grinding lower in the European morning.

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Tue 31 Mar 2020 10:23:26 GMT

Japan economy minister says the country is not in a situation now to declare state of emergency

Comments by Japanese economy minister, Yasutoshi Nishimura ForexLive

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Japan economy minister says the country is not in a situation now to declare state of emergency


Justin Low
Tue 31 Mar 2020 10:23:26 GMT
Author: Justin Low
Category: News
0
Comments by Japanese economy minister, Yasutoshi Nishimura ForexLive

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Tue 31 Mar 2020 10:16:25 GMT

8

Oil: Free for all

A look at what is driving the oil market right now Historical views The chart below shows the 25-year horizon of the . 2002-2003 is when the price was at the current level - $20 per barrel. As such, it's breaking news. Put in the context, it's one step away from dropping below $20 to match the severity of the 2008-2009 crisis. Will it be there? No one can say for sure. What are the factors though?

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Oil: Free for all


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Tue 31 Mar 2020 10:16:25 GMT
Author: FBS
Category: News
8
A look at what is driving the oil market right now Historical views The chart below shows the 25-year horizon of the . 2002-2003 is when the price was at the current level - $20 per barrel. As such, it's breaking news. Put in the context, it's one step away from dropping below $20 to match the severity of the 2008-2009 crisis. Will it be there? No one can say for sure. What are the factors though?

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Tue 31 Mar 2020 10:07:47 GMT

ECB's Holzmann: Decision on coronabonds is up to governments

Comments by ECB governing council member, Robert Holzmann - The idea behind PEPP was to make liquidity rapidly available - The rules for PEPP will be set in the future ForexLive

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ECB's Holzmann: Decision on coronabonds is up to governments


//az705044.vo.msecnd.net/20200331/3-31-2020-6-05-41-pm.png Justin Low
Tue 31 Mar 2020 10:07:47 GMT
Author: Justin Low
Category: Central Banks
0
Comments by ECB governing council member, Robert Holzmann - The idea behind PEPP was to make liquidity rapidly available - The rules for PEPP will be set in the future ForexLive

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Tue 31 Mar 2020 09:58:45 GMT

1

Dollar continues to keep firmer on the session

The greenback is leading gains in the major currencies space ForexLive The dollar is continuing its good form to start the week as it is maintaining decent gains in the European morning session, with EUR/USD slowly creeping towards session lows now.

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Dollar continues to keep firmer on the session


//az705044.vo.msecnd.net/20200331/3-31-2020-5-48-05-pm.png Justin Low
Tue 31 Mar 2020 09:58:45 GMT
Author: Justin Low
Category: Technical Analysis
1
The greenback is leading gains in the major currencies space ForexLive The dollar is continuing its good form to start the week as it is maintaining decent gains in the European morning session, with EUR/USD slowly creeping towards session lows now.

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Tue 31 Mar 2020 09:46:16 GMT

Silver lining to market sentiment

Taking advantage of the opportunities in the market We have seen massive market movements in recent weeks stemming due to the COVID19 pandemic which shows no signs of easing. 

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Silver lining to market sentiment


//az705044.vo.msecnd.net/20200331/3-31-2020-5-43-56-pm.png Forex Live
Tue 31 Mar 2020 09:46:16 GMT
Author: Forex Live
Category: News
0
Taking advantage of the opportunities in the market We have seen massive market movements in recent weeks stemming due to the COVID19 pandemic which shows no signs of easing. 

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Tue 31 Mar 2020 09:37:42 GMT

3

Spain reports 849 new coronavirus deaths in deadliest day of outbreak

Spain reports highest daily fatalities related to the coronavirus Adding to the less comforting news is that the number of confirmed cases has risen to 94,417 from 85,195 yesterday. That marks a ~11% increase, which breaks the slowing trend in the previous two days of ~8% yesterday and ~9% the day before.

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Spain reports 849 new coronavirus deaths in deadliest day of outbreak


Justin Low
Tue 31 Mar 2020 09:37:42 GMT
Author: Justin Low
Category: News
3
Spain reports highest daily fatalities related to the coronavirus Adding to the less comforting news is that the number of confirmed cases has risen to 94,417 from 85,195 yesterday. That marks a ~11% increase, which breaks the slowing trend in the previous two days of ~8% yesterday and ~9% the day before.

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Tue 31 Mar 2020 09:03:46 GMT

7

China reports 1,541 asymptomatic coronavirus cases as of 30 March

Well, well, well.. Just take note that previously, because the patients were not showing symptoms. However, they have tested positive for COVID-19. China did not include these cases in their official count

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China reports 1,541 asymptomatic coronavirus cases as of 30 March


//az705044.vo.msecnd.net/20200125/coronavirus-china.png Justin Low
Tue 31 Mar 2020 09:03:46 GMT
Author: Justin Low
Category: News
7
Well, well, well.. Just take note that previously, because the patients were not showing symptoms. However, they have tested positive for COVID-19. China did not include these cases in their official count

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Tue 31 Mar 2020 09:00:07 GMT

Eurozone March preliminary CPI +0.7% vs +0.8% y/y expected

Latest data released by Eurostat - 31 March 2020 - +1.2% - Prior +1.2% ForexLive The headline figure slumped as expected, owing to a drop in energy prices over the past few weeks. However, the core reading is also seen weakening and that isn't quite good news as inflation pressures continue to go nowhere.

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Eurozone March preliminary CPI +0.7% vs +0.8% y/y expected


//az705044.vo.msecnd.net/20200331/3-31-2020-5-01-48-pm.png Justin Low
Tue 31 Mar 2020 09:00:07 GMT
Author: Justin Low
Category: News
0
Latest data released by Eurostat - 31 March 2020 - +1.2% - Prior +1.2% ForexLive The headline figure slumped as expected, owing to a drop in energy prices over the past few weeks. However, the core reading is also seen weakening and that isn't quite good news as inflation pressures continue to go nowhere.

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Tue 31 Mar 2020 08:43:18 GMT

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China NHC says that it will start reporting the number of asymptomatic virus cases from 1 April

China tweaks its reporting for case counts again There has been a big debate among local opinions as to whether or not China should start reporting these numbers as the current reporting could offer a false sense of calm, creating an environment where the virus may start spreading again.

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China NHC says that it will start reporting the number of asymptomatic virus cases from 1 April


Justin Low
Tue 31 Mar 2020 08:43:18 GMT
Author: Justin Low
Category: News
1
China tweaks its reporting for case counts again There has been a big debate among local opinions as to whether or not China should start reporting these numbers as the current reporting could offer a false sense of calm, creating an environment where the virus may start spreading again.

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Tue 31 Mar 2020 08:36:52 GMT

2

Hong Kong retail sales value plunge by most on record in the month of February

Retail sales value dropped by 44% year-on-year last month ForexLive The 44% y/y plunge in retail sales value is the most on record, with retail sales volume also taking a plunge of nearly 47% y/y in the month of February.

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Hong Kong retail sales value plunge by most on record in the month of February


//az705044.vo.msecnd.net/20200331/3-31-2020-4-32-04-pm.png Justin Low
Tue 31 Mar 2020 08:36:52 GMT
Author: Justin Low
Category: News
2
Retail sales value dropped by 44% year-on-year last month ForexLive The 44% y/y plunge in retail sales value is the most on record, with retail sales volume also taking a plunge of nearly 47% y/y in the month of February.

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Tue 31 Mar 2020 08:27:10 GMT

RKI chief says that optimistic about flattening the virus curve in Germany

Comments by RKI chief, Lothar Wieler - This optimism is still justified - Any change in the virus trend will be clearer after Easter - Says that actual mortality rate from the virus in Germany is ~0.8% ForexLive

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RKI chief says that optimistic about flattening the virus curve in Germany


//az705044.vo.msecnd.net/20190108/germany.png Justin Low
Tue 31 Mar 2020 08:27:10 GMT
Author: Justin Low
Category: News
0
Comments by RKI chief, Lothar Wieler - This optimism is still justified - Any change in the virus trend will be clearer after Easter - Says that actual mortality rate from the virus in Germany is ~0.8% ForexLive

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Tue 31 Mar 2020 08:18:41 GMT

BOJ raises frequency of bond purchases for April

The BOJ raises its frequency of bond purchases for next month across four different maturities ForexLive The sweeping changes are across the maturities from <1-year to 10-year JGBs, with tweaks to the frequency across those tenors as well as amounts purchased for some.

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BOJ raises frequency of bond purchases for April


//az705044.vo.msecnd.net/20200331/3-31-2020-4-15-49-pm.png Justin Low
Tue 31 Mar 2020 08:18:41 GMT
Author: Justin Low
Category: Central Banks
0
The BOJ raises its frequency of bond purchases for next month across four different maturities ForexLive The sweeping changes are across the maturities from <1-year to 10-year JGBs, with tweaks to the frequency across those tenors as well as amounts purchased for some.

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Tue 31 Mar 2020 07:55:03 GMT

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Germany March unemployment change 1k vs 25k expected

Latest data released by the Federal Employment Agency - 31 March 2020 - -10k; revised -8k - Unemployment rate 5.0% vs 5.1% expected - Prior 5.0% ForexLive

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Germany March unemployment change 1k vs 25k expected


//az705044.vo.msecnd.net/20200331/3-31-2020-3-55-53-pm.png Justin Low
Tue 31 Mar 2020 07:55:03 GMT
Author: Justin Low
Category: News
1
Latest data released by the Federal Employment Agency - 31 March 2020 - -10k; revised -8k - Unemployment rate 5.0% vs 5.1% expected - Prior 5.0% ForexLive

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Tue 31 Mar 2020 07:54:35 GMT

4

Tokyo said to report 78 new coronavirus cases today

NHK reports with the figure mentioned The 78 cases reported today will exceed the Sunday figure and will mark the biggest daily increase in confirmed cases in Tokyo, bringing the total tally to 521 cases.

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Tokyo said to report 78 new coronavirus cases today


Justin Low
Tue 31 Mar 2020 07:54:35 GMT
Author: Justin Low
Category: News
4
NHK reports with the figure mentioned The 78 cases reported today will exceed the Sunday figure and will mark the biggest daily increase in confirmed cases in Tokyo, bringing the total tally to 521 cases.

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Tue 31 Mar 2020 07:36:16 GMT

1

Stocks extend gains to start the European morning

European indices are up by roughly 2% to start the session ForexLive The DAX is now up by over 2% on the day as stocks extend gains to start the morning session. There is little headlines driving the moves right now as the market continues to take an extended breather after last week's action.

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Stocks extend gains to start the European morning


//az705044.vo.msecnd.net/20200331/3-31-2020-3-31-55-pm.png Justin Low
Tue 31 Mar 2020 07:36:16 GMT
Author: Justin Low
Category: News
1
European indices are up by roughly 2% to start the session ForexLive The DAX is now up by over 2% on the day as stocks extend gains to start the morning session. There is little headlines driving the moves right now as the market continues to take an extended breather after last week's action.

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Tue 31 Mar 2020 07:18:56 GMT

EUR/USD tests waters under 1.1000 as dollar keeps firmer to start the session

EUR/USD flirts with a firm break below the 1.1000 handle ForexLive The pair fell in overnight trading to break below the 200-day MA (blue line) and kept lower to firmly break the 100-day MA (red line) as well in trading today.

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EUR/USD tests waters under 1.1000 as dollar keeps firmer to start the session


//az705044.vo.msecnd.net/20200331/3-31-2020-3-09-15-pm.png Justin Low
Tue 31 Mar 2020 07:18:56 GMT
Author: Justin Low
Category: Technical Analysis
0
EUR/USD flirts with a firm break below the 1.1000 handle ForexLive The pair fell in overnight trading to break below the 200-day MA (blue line) and kept lower to firmly break the 100-day MA (red line) as well in trading today.

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Tue 31 Mar 2020 07:08:34 GMT

European equities open the day on firmer footing

A more positive start to the day - Eurostoxx +1.3% - Germany DAX +1.5% - France CAC 40 +1.3% - UK FTSE +1.1% - Spain IBEX +1.1% ForexLive Decent gains across the board with US futures also sitting about 0.5% higher to start the session. The market mood is a bit more mixed with bonds also staying bid so far, 10-year Treasury yields are down by nearly 4 bps to 0.69%.

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European equities open the day on firmer footing


Justin Low
Tue 31 Mar 2020 07:08:34 GMT
Author: Justin Low
Category: News
0
A more positive start to the day - Eurostoxx +1.3% - Germany DAX +1.5% - France CAC 40 +1.3% - UK FTSE +1.1% - Spain IBEX +1.1% ForexLive Decent gains across the board with US futures also sitting about 0.5% higher to start the session. The market mood is a bit more mixed with bonds also staying bid so far, 10-year Treasury yields are down by nearly 4 bps to 0.69%.

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Tue 31 Mar 2020 07:00:04 GMT

Spain Q4 final GDP +0.4% vs +0.5% q/q prelim

Latest data released by the National Statistics Institute - 31 March 2020 - GDP +1.8% vs +1.8% y/y prelim The preliminary report can be found . A mild revision lower to the initial estimate on the quarterly figure but again, this pertains to pre-virus economic conditions and this is largely a thing of the past now so it doesn't matter.

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Spain Q4 final GDP +0.4% vs +0.5% q/q prelim


//az705044.vo.msecnd.net/20200331/3-31-2020-3-01-22-pm.png Justin Low
Tue 31 Mar 2020 07:00:04 GMT
Author: Justin Low
Category: News
0
Latest data released by the National Statistics Institute - 31 March 2020 - GDP +1.8% vs +1.8% y/y prelim The preliminary report can be found . A mild revision lower to the initial estimate on the quarterly figure but again, this pertains to pre-virus economic conditions and this is largely a thing of the past now so it doesn't matter.

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Tue 31 Mar 2020 07:00:01 GMT

JPX confirms that the exchange will operate even if Japan goes into lockdown

Just in case investors had that little bit of doubt ForexLive

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JPX confirms that the exchange will operate even if Japan goes into lockdown


Justin Low
Tue 31 Mar 2020 07:00:01 GMT
Author: Justin Low
Category: News
0
Just in case investors had that little bit of doubt ForexLive

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Tue 31 Mar 2020 06:55:24 GMT

Italian economic development minister says need to prepare for end of lockdown

Comments by Italian minister, Stefano Patuanelli The good news in Italy is that the percentage rise in the number of confirmed cases has fallen substantially over the past two weeks.

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Italian economic development minister says need to prepare for end of lockdown


//az705044.vo.msecnd.net/20180604/italy.png Justin Low
Tue 31 Mar 2020 06:55:24 GMT
Author: Justin Low
Category: News
0
Comments by Italian minister, Stefano Patuanelli The good news in Italy is that the percentage rise in the number of confirmed cases has fallen substantially over the past two weeks.

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Tue 31 Mar 2020 06:49:11 GMT

6

UK consumer confidence will be smashed

Confidence is everything In current markets average daily ranges have seen rapid increases. Currency pairs that normally move 50-80 points a day have been finding that they move 300-600 points. Equity markets which previously moved around a maximum of 1-2% a day are now moving up to 10% in a single market session. These are volatile times indeed. Intelligent traders are responding the following way: ForexLive

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UK consumer confidence will be smashed


//az705044.vo.msecnd.net/20160409/helicopter-money.png Giles Coghlan
Tue 31 Mar 2020 06:49:11 GMT
Category: News
6
Confidence is everything In current markets average daily ranges have seen rapid increases. Currency pairs that normally move 50-80 points a day have been finding that they move 300-600 points. Equity markets which previously moved around a maximum of 1-2% a day are now moving up to 10% in a single market session. These are volatile times indeed. Intelligent traders are responding the following way: ForexLive

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Tue 31 Mar 2020 06:45:08 GMT

France March preliminary CPI +0.6% vs +1.0% y/y expected

Latest data released by INSEE - 31 March 2020 - +1.4% - CPI 0.0% vs +0.4% m/m expected - Prior 0.0% ForexLive That is quite a sharp drop in inflation pressures as the headline reading falls to its weakest level since December 2016. This comes on the back of falling energy prices over the past few weeks and mirrors the drop in inflation readings seen in Germany and Spain yesterday.

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France March preliminary CPI +0.6% vs +1.0% y/y expected


//az705044.vo.msecnd.net/20200331/3-31-2020-2-45-41-pm.png Justin Low
Tue 31 Mar 2020 06:45:08 GMT
Author: Justin Low
Category: News
0
Latest data released by INSEE - 31 March 2020 - +1.4% - CPI 0.0% vs +0.4% m/m expected - Prior 0.0% ForexLive That is quite a sharp drop in inflation pressures as the headline reading falls to its weakest level since December 2016. This comes on the back of falling energy prices over the past few weeks and mirrors the drop in inflation readings seen in Germany and Spain yesterday.

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