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Yen pops as BOJ eases further, USD drops amid risk-on, ahead of a Big week

The risk-on sentiment was at full steam in Asia this Monday, as the Bank of Japan (BOJ) additional stimulus boosted the equities and US stock futures. The BOJ announced further monetary policy easing to cushion the economic blow from the coronavirus pandemic.

EUR/USD bounced to 1.0850 but the further upside appears elusive amid uncertainty over on the European Union (EU) joint economic recovery plan. The cable tested 1.2450 as investors remained expectant of the UK PM Boris Johnson’s return to the helm and earlier than expected easing of the lockdown measures.

EUR/USD: Path of least resistance remains to the downside

Despite Friday’s positive performance, the path of least resistance for the EUR/USD pair remains to the downside, as the European leaders failed to agree on a comprehensive coronavirus stimulus package, leaving the European Central Bank (ECB) in a virus fight.

GBP/USD marks four-day winning streak ahead of UK PM Johnson’s return to office

GBP/USD remains mildly bid amid a broad US dollar weakness. UK PM “raring to go” back to No10, might take steps to shrug off allegations of non-performance. Virus/Brexit updates could compensate for a light economic calendar.

https://www.fxstreet.com/news/forex-today-yen-pops-as-boj-eases-further-usd-drops-amid-risk-on-ahead-of-a-big-week-202004270505

According to Trading Central (3rd party RIA) the EURUSD is short positions below 1.0990 with targets at 1.0630 & 1.0490 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10715270

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.0630
1€ 3,333.33€ 1,666.67€ 1,936.20
5€ 16,666.67€ 33,333.33€ 9,681.00
10€ 33,333.33€ 66,666.67€ 19,362.00
25€ 83,333.33€ 166,666.67€ 48,405.00
50€ 166,666.67€ 333,333.33€ 96,810.00

According to Trading Central (3rd party RIA) the GBPUSD is long positions above 1.2360 with targets at 1.2470 & 1.2515 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10715416

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.2515
1€ 3,822.19€ 1,911.10€ 783.70
5€ 19,110.96€ 38,221.92€ 3,918.50
10€ 38,221.92€ 76,443.83€ 7,837.00
25€ 95,554.79€ 191,109.58€ 19,592.50
50€ 191,109.58€ 382,219.16€ 39,185.00

Oil falls as crude in US storage nears all-time high

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic.

U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017, while floating crude oil storage has hit an all-time high of 160 million barrels.

U.S. West Texas Intermediate futures fell $1.22, or 7.2%, to $15.72 a barrel by 0122 GMT, while Brent crude was down 33 cents, or 1.5%, at $21.11 a barrel.

https://www.cnbc.com/2020/04/27/oil-markets-coronavirus-pandemic-crude-output-in-focus.html

According to Trading Central (3rd party RIA) the WTI is short positions below 20.00 with targets at 10.00 & 5.00in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10715232

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 10.00
0.5€ 700.46€ 350.23€ 2,396.31
1€ 1,400.92€ 700.46€ 4,792.63
5€ 7,004.61€ 3,502.30€ 23,963.13
10€ 14,009.22€ 7,004.61€ 47,926.27
20€ 28,018.43€ 14,009.22€ 95,852.53