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Kiwi takes flight on lockdown easing hopes....>

FOREX
FOREX: Kiwi takes flight on lockdown easing hopes
- NZD is, by a distance, the outperformer early Monday, with reports that New
Zealand are to partly relax their lockdown restrictions from next week as their
aggressive and early intervention against Coronavirus appears to be succeeding
in minimizing spread and fatality numbers. NZD/USD now eyes the Apr15 high at
$0.6109 initially, ahead of the 50-dma at $0.6124.
- At the other end of the table, commodity-tied FX trades poorly, with
front-month WTI contracts falling sharply as open interest and volumes switches
from the May contract (expiring Tuesday) to Jun'20. As a result, NOK and CAD are
weaker at the NY crossover.
- The USD eased off overnight Asia-Pac gains in early European hours following a
relatively muted open. European indices are broadly unchanged to slightly
higher, with US futures looking for a lower open on Wall Street. Earnings season
continues, with large tech and communication services the focus.
- Data and key releases are few and far between Monday, with only US Chicago Fed
National Activity Index on the docket. IBM also report earnings after-market.
Energy BulletsCommodities
Energy BulletsCommodities

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