(15 April 2020)DAILY MARKET BRIEF 1:EURUSD is ready to take out the 1.10 resistance.

<p>COMEX gold soared to $1788 an ounce on Tuesday. The strengthening positive momentum hints that a further rise toward the $1800 could be a piece of cake in case of a sudden downturn in global risk appetite.</p>
<p>The US dollar is under the pressure of the ballooning Federal Reserve (Fed) balance sheet.</p>
<p>Due today, the data may confirm a 4.8% slump in US core retail sales in March, as the industrial production may have tumbled 4% m-o-m during the same month.</p>
<p>Softening US dollar gives a certain boost to the euro and the pound, which are preparing to test two-week highs against the greenback, though halfheartedly, given that discussions of an extended period of lockdown on both sides of the Channel increase uncertainties regarding the activity slump, especially in heavily service-led economies.</p>