(05 MAY 2020)DAILY MARKET BRIEF 2:oil recovers for 5th straight day.

<p>The Swiss consumer prices have certainly retreated 0.8% y-o-y in April, as a result of a broad shut down in shops and restaurants. The Swiss franc remains strong against the greenback, which shows signs of consolidation amid last week’s sell-off. But the souring market mood gives support to safe-haven currencies, which also benefits to the Japanese yen.</p>
<p>The factory-gate prices in the Eurozone should confirm a 2.6% y-o-y decline in March as a result of subdued activity as countries limited activities to fight the virus. The EURUSD remains bid below the 1.09 mark, hinting that the potential for an attempt to 1.10 is building stronger against the US dollar. Offers should be found near the 100-day moving average (1.0975) and the 200-day moving average (1.1020).</p>