The Financial Times cite concerns of analysts on the SNB, such as: This in relation to the SNB balance sheet as it buys non-CHF currencies in an attempt to hold down the Swiss franc.
Blogs
PBOC sets USD/ CNY mid-point today at 7.0690
China was out on Monday and Tuesday for holdiays. PBOC to skip OMOS today See here for global coronavirus case data
RBNZ forecasts a huge drop in GDP, wide range of outcomes possible
The Reserve Bank of New Zealand has released a paper on the economic impacts of Covid-19 containment measures – sees impact ranges from estimated 4% reduction in GDP under alert level 1 up to 37% of GDP under level 4 HAs triggered a drop in NZD, just a few points. So the RBNZ here is […]
Fed Vice Chair Clarida: Recovery could begin in 2nd half of year
Fed's Clarida speaking on CNBC See here for global coronavirus case data
Forex options expiring at the 10am NY time cut Wednesday 6 May 2020
Significant expiry: – EUR/USD, strike price 1.0860, for amount of EUR 519m GBP/USD – 1.2325 GBP amount 250m – 1.2400 327m See here for global coronavirus case data
Recognising a 'true' breakout and a 'false' breakout
Watch for the close of the candle Every video has a question panel into which subscribers can type their questions into. Our team of analysts then answer them throughout the day.
US ADP jobs lost -20m, double total of Great Recession
<p>US ADP report showed -20,236k losses in private sector jobs in April. As the report utilized data through April 12, full impact of coronavirus pandemic was not reflected. By sector, goods-producing businesses cut -4,229k jobs. Service-providing businesses cut -16,007k jobs. By company size, small businesses lost -6,005k jobs. Medium busine
European Commission forecasts -7.7% contraction in Eurozone GDP this year
<p>European Commission forecasts Eurozone GDP to contract -7.7% in 2020, then rebound by 6.3% in 2021. Inflation is projected to slow sharply to 0.2% in 20202, then climb back to 1.1% in 2021. Unemployment rate would jump to 9.6% in 2020, then fall back to 8.6% in 2021. EU GDP is projected to contract -7.4% […]
Eurozone retail sales dropped -11.2% in March, EU dropped -10.4%
<p>Eurozone retail sales dropped -11.2% mom in March, slightly above expectation of -12.0% mom. By sector, volume of retail trade decreased by -23.1% mom for non-food products and by -20.8% mom for automotive fuels, while food, drinks and tobacco increased by 5.0% mom. EU retail sales dropped -10.4% mom. Among Member States for which data [&h
UK PMI construction dropped to 8.2, prospect of severe supply chain disruption will continue
<p>UK PMI Construction dropped to 8.2 in April, down from March’s 39.2. The latest reading was the lowest since data were first collected in April 1997. Prior record low was 27.8 in February 2009. Tim Moore, Economics Director at IHS Markit: “A drop in construction activity of historic proportions in April looks set to be [&hellip