Blogs

The latest numbers from Saudi Arabia Yesterday's reported 4919 was a record and this is the second-highest day. At almost 5000 cases per day, Saudi Arabia currently has the 7th worst outbreak after Brazil, the US, India, Russia, Mexico and Chile.

Canada employment data from ADP

June 2020 Philly Fed business outlook survey Details (to come) I'm puzzled at why so many economists thought this report and the Empire Fed would be negative. The surveys are on the month-to-month rate of change so it's basically about whether

Wholesale sales data for April 2020:

US initial jobless claims and continuing claims – initial jobless claims 1508K vs. 1290K estimate – prior revised to 1566K from 1542K previously reported – 4- week average 1773.50 vs 2008 yesterday

Forex news from the European trading session – 18 June 2020 Headlines: Markets: – JPY leads, GBP lags on the day – European equities lower; E-minis down 0.5%

BofA raises its EUR/USD forecast for Q3 to 1.08 from 1.02 previously The firm's head of G-10 currency strategy, Athanasios Vamvakidis, said in a note to clients that their forecast may represent some downside but argues that the downside in the pair is likely to be more limited in the near-term.

All eyes are on QE purchases In that lieu, the focus turns to how much will they be willing to go down the road? The base case is for an increase of around £100 billion, which will take the overall purchase target to £745 billion. However, that is pretty much the bare minimum and unless […]

The US chamber of commerce issues a statement

Comments by a senior German government official, cited by Reuters – Need physical EU summit to get breakthrough on EU finances – The aim is for the funds to be able to e paid out from 1 January 2021 Just be mindful that progress on this matter has been delayed all the way since March […]