Blogs

The British pound has broken down significantly during the trading session on Thursday but then bounced to show significant support.

Silver markets have broken above the $16 level during the trading session on Thursday, clearing the top of the rectangle that I have marked on the chart.

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Thursday, slicing through the 50 day EMA

Based upon the action that we have seen during the trading session on Thursday in Bitcoin, it looks as if we are trying to carve out a new range.

Gold markets broke out during the trading session on Thursday, as we are finally cleared the top of the symmetrical triangle that had been forming for quite some time.

Expectations for a V-shaped recovery by this summer, which were severely disconnected from fundamentals, are quickly evaporating.

Singapore is preparing for a post-Covid-19 economy, where consumer behavior will be changed, more employees opt to work from home

Latest data released by Eurostat – 15 May 2020 – €25.8 billion; revised to €25.6 billion – Non-seasonally adjusted trade balance €28.2 billion See here for global coronavirus case data

Latest data released by Eurostat – 15 April 2020 – GDP -3.2% vs -3.3% y/y prelim The preliminary report can be found . Little change to the initial estimate as we saw a record quarterly contraction in the euro area economy in Q1. But again, just be reminded that Q2 is going to be worse […]

Some comments by the German statistics office The focus now is whether or not all of the recent progress can translate into a better economic performance in Q3 and Q4. Any real risks of a secondary virus outbreak will throw a real spanner in the works and lead to more concerns about the projected recovery.