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No more major data releases due today.

FX Heatmap.

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China has closed down 11 of the 15 emergency hospitals opened up in Hubei to deal with the crisis.

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The bounce continues overnight.

Calendar.

FX Heatmap.

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Overnight Indices down, Oil, Gold and Bonds up.

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26 minutes ago, Caseynotes said:

Overnight Indices down, Oil, Gold and Bonds up.

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Bank of England cuts interest rates from 0.75 to 0.25.

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1 hour ago, andysinclair said:

Oil heading back down

Zut alors, Peregrin Took :(

 

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4 minutes ago, dmedin said:

Zut alors, Peregrin Took :(

 

Saudi digging in deeper and ordered Aramco to get Pumping.

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WHO declares a pandemic and the global shutdown begins with Trump banning all flights to the US from Europe.

ECB rate decision today.

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47 minutes ago, Caseynotes said:

ECB rate decision today.

DailyFX will be doing Live coverage on the ECB rate at 12:45 GMT: https://www.dailyfx.com/webinars

Or if you want to watch IGs Jeremy Naylor, he's live at 12:40 GMT to give you the ECB rate decision coverage. 

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4 hours ago, Caseynotes said:

Trump banning all flights to the US from Europe.

The Orange Baboon 😸

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4 hours ago, CharlotteIG said:

DailyFX will be doing Live coverage on the ECB rate at 12:45 GMT: https://www.dailyfx.com/webinars

Or if you want to watch IGs Jeremy Naylor, he's live at 12:40 GMT to give you the ECB rate decision coverage. 

ECB deposit rate unchanged at -0.5%

 

ECB Monetary Policy Statement and Press Conference  report at 13:30 GMT 

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Risk off again as the market swings wildly after between each new round of econ stimulus and increased level of shutdowns. Boarders closing now along with shops, schools and all non-essential activity.

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Posted (edited)

The central banks have folded and shown all their cards, yet the market keeps sinking.

It's going to take something seriously positive to turn this around.

Capitalism in crisis yet again!

Edited by dmedin

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2 minutes ago, dmedin said:

The central banks have folded and shown all their cards, yet the market keeps sinking.

It's going to take something seriously positive to turn this around.

Capitalism in crisis yet again!

Meanwhile in Venezuelan and North Korea everything's going well and the queues for food are really thinning out, marvelous 👍

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Actually North Korea has the coronavirus sorted 👇

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Wow, it sounds like there's a historical precedent for activist government intervention and regulation!

Quote

Reform of the economy was the goal of the National Industrial Recovery Act (NIRA) of 1933. It sought to end cutthroat competition by forcing industries to establish rules of operation for all firms within specific industries, such as minimum prices, agreements not to compete, and production restrictions. Industry leaders negotiated the rules which were approved by NIRA officials. Industry needed to raise wages as a condition for approval. Provisions encouraged unions and suspended antitrust laws. NIRA was found to be unconstitutional by unanimous decision of the Supreme Court in May 1935; Roosevelt strongly protested the decision.[162] Roosevelt reformed the financial regulatory structure of the nation with the Glass–Steagall Act, creating the Federal Deposit Insurance Corporation (FDIC) to underwrite savings deposits. The act also sought to curb speculation by limiting affiliations between commercial banks and securities firms.[163] In 1934, the Securities and Exchange Commission was created to regulate the trading of securities, while the Federal Communications Commission was established to regulate telecommunications.[164]

Recovery was pursued through federal spending.

https://en.wikipedia.org/wiki/Franklin_D._Roosevelt#First_New_Deal_(1933–1934)

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Options are trading, but I can't sell out of my position because it says "Market closed"
Help, what is this

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IG look to have hiked spreads yet again, pre-market open dax now 10 points.

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Indices still at the recent low with US indices in Limit down again this morning.

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ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP).

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Could be a major shift in sentiment starting, Gold, Oil and Indices up. Bunds and USD down.

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Posted (edited)
3 hours ago, Caseynotes said:

a major shift in sentiment

Sure it is big guy, and has nothing to do with umpteen trillions of money created out of thin air to prop up the rich.

Edited by dmedin

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