(14 MAY 2020)DAILY MARKET BRIEF 2:AUDUSD remains offered below its 100-day moving average

<p>The US dollar demand remains firm as investors sell risky assets and pile into the greenback and US treasuries in a swift move to the safety.</p>
<p>The USDJPY remains offered above the 107 mark, and gold is timidly bid past $1700 per oz. Investors remain hesitant on gold’s limited capacity to give protection against an accelerated risk sell-off, but rising market anxiety could unlock the gold’s upside potential and encourage a rise toward the $1800 mark.</p>
<p>The EURUSD remains offered near the 1.0820 level and is poised to extend losses on the back of mounting worries that the European Central Bank (ECB) could see its scope of action limited by German opposition to its massive bond purchases. If Germany trips the ECB up in such a critical stimulus marathon, the euro could lose the support of investors and slide toward parity against the US dollar in the coming months.</p>