(17 April 2020)DAILY MARKET BRIEF 2:EURUSD rebounded

<p>Gold retraced to $1700 per oz.</p>
<p>WTI crude traded a touch below the $20 a barrel, while Brent consolidated near $28.</p>
<p>Talks of potential wind down of the current economic lockdown in some places including US and European nations are somewhat supportive of the sentiment, but the volatility is high, and the predictability limited. With no major corporate earnings on the calendar today, the positive mood should accompany investors to the weekly closing bell.</p>
<p>Activity in FTSE (+2.80%) and Eurostoxx (+3.16%) futures hint at a solid positive start on Friday.</p>
<p>In the currencies, the EURUSD rebounded from 1.0816 on Thursday and could extend gains past the 1.09 mark later in the session. Due today, the Eurozone final CPI should confirm a decline to 0.7% in March, but investors stand ready to see a softer figure due to the historic fall in oil prices.</p>