EUR/USD
EUR is falling slightly against USD during today’s Asian session, retreating from local highs, updated at the end of last trading week. Trading activity remains quite low, as European markets remain closed on Easter Monday. Investors are still focused on the coronavirus situation. Some signs of stabilization of the situation in Europe and the USA give certain hope to market participants; however, it’s still premature to talk about overcoming the peak of the epidemic. Macroeconomic statistics from the US published last Friday put pressure on USD. Consumer Price Index in March decreased by 0.4% MoM after rising by 0.1% MoM in February. Analysts had expected decline by 0.3% MoM. In annual terms, inflation growth slowed from 2.3% YoY to 1.5% YoY, which also turned out to be worse than market expectations of 1.6% YoY.
GBP/USD
GBP is trading higher against USD, located near the local highs, updated on April 10. Against the backdrop of the thin market and continuing concerns about the prospects for the development of the global economy, GBP is supported by investors, responding to the favorable course of the disease with British Prime Minister Boris Johnson, who left the intensive care unit last week. Additional pressure on the position of the US currency was provided by the approval of the new loan program of the Fed for small and medium-sized businesses. Investors are increasingly paying attention to quantitative indicators of the US economy, each time reviewing analysts' forecasts for the worse. The Friday data on consumer inflation in the USA for March, which came out noticeably worse than market expectations, were no exception.
NZD/USD
NZD shows flat dynamics against USD during today's Asian session, trading near the local highs since March 16, which the instrument managed to update at the end of last week. The pair is trying to consolidate below 0.6070; however, the reason for its slight correction is mainly due to technical factors. Investors remain focused on Friday's data on consumer inflation from the US and China. As expected, the data disappointed investors. Chinese Consumer Price Index in March declined by 1.2% MoM after an increase of 0.8% MoM in February. Analysts expected a decline of 0.7% MoM. In annual terms, the index has slowed from 5.2% YoY to 4.3% YoY, with the forecast of 4.8% YoY.
USD/JPY
USD is falling against JPY during today's Asian session, continuing to develop the "bearish" impulse that formed in the market at the beginning of last week. The instrument loses about 0.40%, testing the level of 108.00 for a breakdown. Demand for JPY remains quite low after Japan began to impose a state of emergency in Tokyo and a number of prefectures surrounding it amid a sharp increase in the incidence of coronavirus. Investors fear that the peak of the epidemic for Japan is yet to come, while in the US, despite the depressing statistics, it seems that some stabilization is expected.
XAU/USD
Gold prices are falling during today's Asian session, retreating from local highs since March 9, which the instrument managed to update at the opening of trading this week. Investors fix their long profits after active asset growth last Thursday (markets were closed due to the religious holiday on Friday), while gold demand remains quite high, especially given the new measures to support the economy from the Fed and the disappointing macroeconomic statistics from the US.
EUR is falling slightly against USD during today’s Asian session, retreating from local highs, updated at the end of last trading week. Trading activity remains quite low, as European markets remain closed on Easter Monday. Investors are still focused on the coronavirus situation. Some signs of stabilization of the situation in Europe and the USA give certain hope to market participants; however, it’s still premature to talk about overcoming the peak of the epidemic. Macroeconomic statistics from the US published last Friday put pressure on USD. Consumer Price Index in March decreased by 0.4% MoM after rising by 0.1% MoM in February. Analysts had expected decline by 0.3% MoM. In annual terms, inflation growth slowed from 2.3% YoY to 1.5% YoY, which also turned out to be worse than market expectations of 1.6% YoY.
GBP/USD
GBP is trading higher against USD, located near the local highs, updated on April 10. Against the backdrop of the thin market and continuing concerns about the prospects for the development of the global economy, GBP is supported by investors, responding to the favorable course of the disease with British Prime Minister Boris Johnson, who left the intensive care unit last week. Additional pressure on the position of the US currency was provided by the approval of the new loan program of the Fed for small and medium-sized businesses. Investors are increasingly paying attention to quantitative indicators of the US economy, each time reviewing analysts' forecasts for the worse. The Friday data on consumer inflation in the USA for March, which came out noticeably worse than market expectations, were no exception.
NZD/USD
NZD shows flat dynamics against USD during today's Asian session, trading near the local highs since March 16, which the instrument managed to update at the end of last week. The pair is trying to consolidate below 0.6070; however, the reason for its slight correction is mainly due to technical factors. Investors remain focused on Friday's data on consumer inflation from the US and China. As expected, the data disappointed investors. Chinese Consumer Price Index in March declined by 1.2% MoM after an increase of 0.8% MoM in February. Analysts expected a decline of 0.7% MoM. In annual terms, the index has slowed from 5.2% YoY to 4.3% YoY, with the forecast of 4.8% YoY.
USD/JPY
USD is falling against JPY during today's Asian session, continuing to develop the "bearish" impulse that formed in the market at the beginning of last week. The instrument loses about 0.40%, testing the level of 108.00 for a breakdown. Demand for JPY remains quite low after Japan began to impose a state of emergency in Tokyo and a number of prefectures surrounding it amid a sharp increase in the incidence of coronavirus. Investors fear that the peak of the epidemic for Japan is yet to come, while in the US, despite the depressing statistics, it seems that some stabilization is expected.
XAU/USD
Gold prices are falling during today's Asian session, retreating from local highs since March 9, which the instrument managed to update at the opening of trading this week. Investors fix their long profits after active asset growth last Thursday (markets were closed due to the religious holiday on Friday), while gold demand remains quite high, especially given the new measures to support the economy from the Fed and the disappointing macroeconomic statistics from the US.