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German Q1 GDP contracts 2.2%. Euro Unmoved as Tight Range Persists.

Sterling has weakened over the course of the week and is now testing multi-week support levels as sentiment weakens. A new research article suggests that the spread of COVID-19 in London has fallen…

The US Dollar may rise if retail sales and consumer confidence data sour risk appetite while the Euro may suffer after Eurozone GDP data is released in a politically-battered region.

Crude oil markets are still stuck between the demand collapse inspired by Covid and hopes that production cuts will start to erode inventory.

AUD/USD may face range bound conditions despite the record drop in Australia Employment as the decline from earlier this month sputters ahead of the May low (0.6373).

The Hang Seng could struggle if US-China trade tensions resurface, denting Hong Kong’s economy amid the coronavirus. Such an outcome could boost the anti-risk Japanese Yen.

The Australian Dollar didn't move far on a mixed bag of Chinese numbers which showed industry powering ahead despite Covid while retail sales and investment lag.

New Zealand reported a collapse in its business PMI, but as the nationwide lockdown was eased, next month’s data is in focus.

Despite dismal US data, the US Dollar was broadly higher in Asian trade, remaining close to a recently struck 3-week peak.