Wednesday, 1 April 2020

A Choppy Day Ahead, with U.S Weekly Jobless Claims the Only Distraction

By Bob Mason



 A quiet day on the economic calendar leaves the majors in the hands of government chatter and news updates on the coronavirus once more…


Earlier in the Day:

 

It was a quiet start to the day on the economic calendar on Thursday. There were no material stats out through the Asian session to provide direction in the early part of the day.
A lack of the numbers left the markets to respond to the latest coronavirus numbers and the overnight moves in the U.S.
At the time of writing, the total number of U.S cases stood at 214,482. For Italy, Spain, Germany, and France, the combined number of cases stood at 349.662. The total global number of cases rose to 934.464.


 

For the Majors

 

At the time of writing, the Japanese Yen was down by 0.23% to ¥107.42 against the U.S Dollar, while, the Aussie Dollar was up by 0.33% to $0.6091. The Kiwi Dollar was up by 0.37% to $0.5934.
While the commodity currencies found support at the expense of the U.S Dollar and Japanese Yen, it was risk-off in the equity markets.
At the time of writing, the Nikkei was down by 0.83%, with the ASX200 down by 3.14%.

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