Earlier in the Day:

It was a quiet start to the day on the economic calendar on Monday, with no material stats to supply direction early.

A lack of stats left the markets to react to the U.S market numbers and therefore the latest COVID-19 figures.

At the time of writing, the entire number of coronavirus cases across France, Germany, Italy, and Spain rose by 16,711 to 453,556. In the U.S, the entire number of cases increased by 24,774 to 336,131. That took the entire number of cases globally to 1,270,916. The increases on Sunday were significantly less than Saturday, which was positive for riskier assets.

For the Majors

At the time of writing, the Aussie Dollar was up by 0.55% to $0.6030, with the Kiwi Dollar up by 0.09% to $0.5883. the japanese Yen was down by 0.34% to ¥108.92 against the U.S Dollar.

In the equity markets, market reaction to the less number of latest COVID-19 cases reported on Sunday delivered early support. The ASX200 was up by 2.33%, with the Nikkei up by 2.73%, at the time of writing.

The Day Ahead:

For the EUR

It’s a comparatively quiet day ahead on the economic calendar. Germany factory orders for February are due out later this morning.

Barring weak numbers, the markets will likely ignore the figures. February stats are yet to reflect the consequences of the coronavirus on the German economy.

Outside of the numbers, the newest coronavirus numbers will have a greater impact on the day. talk about the virus peaking in Spain should provide support at the beginning of the week. that’s in stark contrast from the message from the U.S, where Trump warned of the toughest week ahead.

At the time of writing, the EUR was up by 0.14% at $1.0816.

For the Pound

It’s also a comparatively quiet day ahead on the economic calendar. March Construction PMI figures are due call at the first a part of the day.

With little else on the economic calendar for the markets to think about until Thursday, the Pound are going to be sensitive to the numbers.

Ultimately, expect the newest coronavirus numbers to possess a greater influence on the day. One negative for the Pound, however, was news of Boris Johnson being admitted to hospital over the weekend.

At the time of writing, the Pound was down by 0.20% to $1.2244.

Across the Pond

It’s a very quiet day ahead on the U.S economic calendar, with no material stats due out of the U.S.

A lack of stats leaves market sentiment towards the impact of the coronavirus on the worldwide economy focused . We saw the Dollar find further support at the top of last week. There could be more of an equivalent if Trump proves to be correct.

The Dollar Spot Index was up by 0.14% to 100.712 at the time of writing.

For the Loonie

It’s also a quiet day ahead on the economic calendar, with no material stats due bent provide the Loonie with direction.

A lack of stats leaves the emergency OPEC – Russia oil meeting focused on the day. U.S President Trump talked up a 10m bpd cut in boring . Failure by Russia and OPEC to deliver will weigh heavily on petroleum prices and therefore the Loonie on the day.

The Loonie was up by 0.02% at C$1.4202 against the U.S Dollar, at the time of writing.

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