The risk-off sentiment remained the underlying theme in Asia this Thursday, as the market mood was fragile amid intensifying coronavirus spread on both sides of the Atlantic. Therefore, the US economic aid package passed by the Senate failed to lift the sentiment, with the Asian stocks a mixed bag while the US equity futures dropped along with the Treasury yields. Gold prices failed to take advantage and meandered in lows near $1620. The US dollar remained under pressure across the board amid easing funding stress on the US fiscal and monetary measures. USD/JPY slipped below 111.00 amid widespread risk aversion while the Aussie attempted a recovery above 0.5900 following a sharp drop in early Asia. The Kiwi also recovered some ground above 0.58 but wasn’t out of the woods yet. Meanwhile, USD/CAD bounced to 1.4270 amid oil-price sell-off. EUR/USD benefited the most from broad US dollar weakness amid some positive news coming out Italy. The cable, on the other hand, traded weaker below 1.1900 amid a solid surge in the number of new infections in the UK. Main topics in Asia US Pres. Trump: Large sections of US can reopen faster than others US health official Fauci: Coronavirus could become seasonal UK coronavirus confirmed cases jumps to 9,529 from 8,077 Rep. US Senator Graham sees likely break in logjam over coronavirus bill; Vote on passage likely Wednesday night Risk-off as rumour has that US Senate vote not agreed to yet, COVID-19 weighs heavy US treasury bonds offer negative yields US Treasury Sec. Mnuchin: It’s a great deal both for Trump and the economy Coronavirus update: S. Korea confirms 104 new cases, Japan total count tops 2000 New Zealand’s Finance Minister: Jobless rate set to become significantly worse US coronavirus cases jump by 12,000 in one day, death toll tops 1000 US Senate rejects GOP effort to overhaul jobless benefits in stimulus bill US Senate has votes to pass $2-trillion economic rescue package bill to tackle coronavirus crisis Japan’s Nishimura: Not thinking of declaring a state of emergency now RBA buys A$3 bln in government bonds on Thursday, AUD/USD stays firmer above 0.59 Key focus ahead On the data front, the immediate focus remains on the February UK Retail Sales data, due at 0700 GMT, alongside the release of the German Gfk Consumer Confidence Survey for April. Later in the European session, the Eurozone credit supply data and the European Central Bank (ECB) Economic Bulletin will be eyed for fresh trading incentives. The Bank of England (BOE) monetary policy decision will hog the limelight, especially after the two emergency rate cuts announced already this month. The announcement will be out at 1200 GMT. Next of note remains the US Jobless Claims data, at 1230 GMT, amidst the coronavirus outbreak-led economic disruption. Also, the US Q4 GDP and Trade Balance data will be eyed among other reports. Apart from the data, the coronavirus updates will continue to play a pivotal role in influencing the broad market sentiment, as most governments are struggling hard to contain the virus spread. EUR/USD claws back nearly 35% of recent sell-off, focus on US jobless claims EUR/USD crossed above 1.09 on the back of broad-based US dollar weakness. Markets offered greenback, possibly in hopes of the US fiscal stimulus. Markets brace for the US jobless claims with talk it could exceed 1 million. GBP/USD stays below 1.1900 with eyes on BOE, coronavirus outbreak With the pandemic fears probing buyers, GBP/USD stays under pressure below 1.1900 while heading into the London open. Not only coronavirus (COVID-19) fears, but the cautious sentiment ahead of BOE also tames the quote’s moves. US Initial Jobless Claims Preview: Recessionary timelines Claims expected to be the highest in the series 53-year history. Estimates for initial jobless benefits range from 1 million to 4 million. Previous highs were 695,000 in October 1982 and 665,000 in March 2009. China, US to set aside differences in G20 coronavirus summit – SCMP The leaders of the G20 nations hold talks via video conference later today to discuss on the coronavirus pandemic. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next US Dollar Index extends the drop to 100.60 ahead of data FX Street 2 years The risk-off sentiment remained the underlying theme in Asia this Thursday, as the market mood was fragile amid intensifying coronavirus spread on both sides of the Atlantic. Therefore, the US economic aid package passed by the Senate failed to lift the sentiment, with the Asian stocks a mixed bag while the US equity futures dropped along with the Treasury yields. Gold prices failed to take advantage and meandered in lows near $1620. The US dollar remained under pressure across the board amid easing funding stress on the US fiscal and monetary measures. USD/JPY slipped below 111.00 amid widespread risk aversion while… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.