Russia’s economy is forecast to contract by as much as 6.0% in 2020 due to the global Covid-19 pandemic and subsequent nationwide lockdown.
Blogs
USD/CNH: Can Bullish Momentum Accumulation Spark a Rally? – 16 June 2020
China reported few new Covid-19 infections for several months before a new cluster appeared in Beijing.
GBP/USD Forex Signal: Consolidation Below 1.2709 – 16 June 2020
GBP/USD: British Pound weaker than Euro
USD/MXN: Breakdown Sequence Anticipated to Gather Steam – 16 June 2020
Mexico’s economy struggles under Covid-19 lockdown measures, facing identical challenges as most countries are balancing the healthcare system with job losses and economic activity.
EUR/USD Forex Signal: Bullish Above 1.1328 – 16 June 2020
EUR/USD: Break below support likely to trigger deeper retracement
AUD/SGD: Will Resistance Zone Inspire Profit-Taking Sell-Off? – 16 June 2020
Despite the surge in global Covid-19 infections, the Reserve Bank of Australia remains more upbeat than other central banks.
USD/SGD: Singapore Dollar Could Retest Strength Today – 16 June 2020
The Singapore Dollar like many currencies lost value to the US Dollar early yesterday as safe-haven trading escalated. However, in the past twelve hours, the USD/SGD has begun to see sellers emerge.
Fox News Gasparino: White House in the discussions on 4th stimulus
Fox News reports Charles Gasparino Fox's is out with a tweet saying: @CGaspari no For bank trade ideas, check out eFX Plus
White House in 'deep discussions' on +$1 trillion stimulus package
Congress to be part of discussions There's nothing concrete on this coming until July but it's an important narrative on the easy-money side. The over-under on the stimulus has been around $1 trillion for awhile.
Italy reports their coronavirus statistics for the day
Deaths higher but cases are lower For bank trade ideas, check out eFX Plus