The IHS Markit's Services Purchasing Managers' Index (PMI) for the US slumped to 26.7 in April's final reading from 39.8 in March. This figure came in
Blogs
Canada: Trade flows plunge in March – BMO
Canadian trade flows plunged lower in March as both goods exports (-4.7%) and imports (-3.5%) fell sharply already in March, per the Bank of Montreal.
United States Markit Services PMI came in at 26.7, below expectations (27) in April
United States Markit Services PMI came in at 26.7, below expectations (27) in April
United States Markit PMI Composite came in at 27, below expectations (27.4) in April
United States Markit PMI Composite came in at 27, below expectations (27.4) in April
Oil: Great rebalancing – TDS
Oil quotas in Texas are dead, but the market is in the process of forcing curtailments nonetheless, per TD Securities. Key quotes “We estimate that ma
Wall Street opens higher led by strong gains in energy shares
Major equity indexes in the United States opened decisively higher on Tuesday as heightened hopes of the economy reopening provided a boost to the mar
GBP/USD: Brexit clouds gathering over the pound – TDS
Analysts at TD Securities think Brexit risks will soon become a tradeable theme for sterling again. Key quotes “We do not think there is sufficient ri
GBP/USD New York Price Forecast: Cable holds on above 1.2400 figure vs. US dollar
GBP/USD consolidates in the 1.2200/1.2600 zone while trading below the 100/200 SMAs on the daily chart but just above the 50 SMA. The recent boost in the green
EUR/USD: Heading toward a critical support level at 1.0790
The EUR/USD pair has stabilised in the 1.0850 price zone, maintaining a negative short-term stance, FXStreet’s Chief Analyst Valeria Bednarik informs.
Malaysia sets to re-open the economy in May – UOB
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the decision by the government to start relaxing the lockdown measures th