EUR/USD is back above 1.13 amid risk-off mood in the global markets. Trump’s coronavirus speech fell short of expectations and strengthened the demand for safe havens. With rates already below zero, the ECB has little room to deliver aggressive stimulus. Risk aversion is again boding well for the single currency. EUR/USD pair is currently trading

Gold fails to cheer the disappointment from US President Trump’s coronavirus action plan. The weekly descending trend line, 100-HMA act as the key resistance. Sellers will wait for sustained trading below 50% Fibonacci retracement. Despite an increase in the market’s risk-off moves following US President Donald Trump’s fiscal stimulus, Gold prices trimmed some gains to

GBP/USD has recaptured 1.29 after falling earlier in response to the surprise BOE double-dose rate cut of 50bp to 0.25% in an unscheduled more to counter the coronavirus crisis. It comes ahead of the UK Budget coming later in the day. Momentum on the four-hour chart has turned negative, but pound/dollar managed to recapture the

The GBP/USD pair witnessed a dramatic turnaround on Tuesday and tumbled nearly 250 pips intraday amid resurgent US dollar demand. The set-up seems to have shifted back in favour of bears ahead of the UK annual budget, Haresh Menghani from FXStreet informs. Key quotes “Hopes of fiscal stimulus by the Trump administration provided a strong

EUR/USD consolidates losses below the 1.1400 mark. Dollar, yields rebound on better mood in the risk universe. EMU Q4 GDP figures next of relevance in the docket. EUR/USD has broken below the 1.1400 support on Tuesday in response to the significant improvement in the risk-associated universe. EUR/USD recedes from 2020 tops near 1.1500 After printing

The risk-off tone in equities is likely weighing over NZD/USD. Technical charts are reporting a death cross, a major bearish indicator. NZD/USD is flashing red amid risk-off tone in Asian equities. The currency pair is currently trading at 0.6315, representing a 0.30% loss on the day, having hit a high of 0.6359 in early Asia.

AUD/USD sees little action post-China inflation data release. The PPI fell more than expected in February while CPI growth missed estimates. Fed rate cut bets and potential risk recovery may bode well for the Aussie. AUD/USD remains sidelined near session lows after a below-forecast China inflation data. The Producer Price Index fell by 0.4% year-on-year

According to Japan’s top currency diplomat Takeuchi, the government will watch market moves with a greater sense of urgency. Additional headlines Worry about the US economy over coronavirus impact a major factor behind nervous mkt moves. Excess volatility in fx market is undesirable. Will respond to excess volatility as appropriate in accordance with G7 statement.