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<p>Eurozone PMI Services was finalized at 12.0 in April, down from March&#8217;s 26.4. PMI Composite was finalized at 13.6, down from 29.7. Looking at some countries, Spain PMI composite was finalized at 9.2, Italy at 10.9, France at 11.1, Ireland at 17.3, Germany at 17.4. All are record lows. Chris Williamson, Chief Business Economist at

<p>Australia retail sales rose 8.5% mom in March. Growth was recorded in food retailing (24.1%), other retailing (16.6%), and household goods retailing (9.1%). Contraction was seen in cafes, restaurants and takeaway food services (-22.9%), clothing, footwear and personal accessory retailing (-22.6%), and department stores (-8.9%). “COVI

<p>New Zealand employment grew 0.7% in Q1, well above expectation of -0.2% decline. Unemployment rate rose just 0.2% to 4.2%, matched expectations. Participation rate rose 0.3% to 70.4%. Labor costs index rose 0.3% qoq, below expectation of 0.5% qoq. “Our surveys captured a robust labour market in the period before New Zealand went into

<p>RBNZ released a paper outlining the economic impacts of coronavirus containment measures. At alert level 4 with lockdown of non-essential activity, GDP would be reduced by -37% during the period. that’s slightly lower than treasury’s estimate of -40%. At alert level 3 with restrictions on trading activity, GDP will only be -19%

<p>Fed Vice Chair Richard Clarida said the US is living through “the most severe contraction in activity and surge in unemployment that we’ve seen in our lifetimes”. Unemployment rate is going to “surge to numbers that we’ve not seen probably since the 1940s.” But he’s expecting recovery to begin in H

<p>Yen is staying as the strongest one today while the financial markets are generally mixed. Dollar is not too bothered by the ADP report which showed -20m private job losses. It’s currently trading as the second strongest, followed by Australian. Sterling is currently the weakest ones with Euro, after poor data and European commission

<p>Yen is trading generally higher is Asian session and broke some near term resistance level. Risk sentiments are mixed in major Asian markets. While US stocks ended with gains overnight, the closes in major indices were indeed lower then opens. That’s a signal of indecisiveness among the bulls. Commodity currencies turn softer, but Ne

<p>GBPCAD found some traction at the 200-period simple moving average (SMA) of 1.7378 following a drop from the 1.7703 level. The price is still within the confines of a short-term trading range since April 8, something also endorsed by the somewhat flat and converged SMAs. The short-term oscillators display a paused picture of dried up [&hel

<p>The US employment report for April will hit the markets at 12:30 GMT on Friday and will reveal just how much economic damage the pandemic has inflicted on the American economy. Forecasts point to a breath-taking 21.8 million job losses, which would push the unemployment rate up to a staggering 16%. As for the dollar, […]

<p>The Bank of England’s new governor Andrew Bailey will brief markets about the central bank’s policy decision and announce his first quarterly economic projections on Thursday at 06:00 GMT, earlier than the usual timing in order to comment on the interim Financial Stability report as well. Having deployed big stimulus firepower in previous