Cable is expected to depreciate further in the next months, although it is seen returning to the 1.20 neighbourhood in Q3/Q4 2020, according to strate
Blogs
WTI snaps three-day winning streak, downed 3% to $18 mark
WTI (June futures on Nymex) is on a steady decline so far in the European trading, extending the correction from a two-week high of $20.45 reached in
USD/JPY drops to fresh session lows, farther below 107.00 mark
The USD/JPY pair weakened further below the 107.00 round-figure mark and refreshed daily lows during the early European session. The pair failed to ca
Oil prices eye deeper fall in 2020 – Reuters poll
According to the latest Reuters poll, the risks remain skewed to the downside in oil prices this year despite countries easing lockdown restriction an
Japan PM Abe: Will make final decision on any extension on May 4
Reuters reports the latest comments from the Japanese Prime Minister (PM) Shinzo Abe, as he talks about the extension of the state of emergency. Key h
USD/CAD eases from tops, still well bid above 1.40 mark
The USD/CAD pair refreshed daily tops, around the 1.4045 region during the early European session, albeit quickly retreated few pips thereafter. The p
Spanish Economy Minister: GDP will contract 9.2% in 2020
Speaking to Reuters on Friday, Spanish Economy Minister Nadia Calvino noted that the economy will contact 9.2% in 2020 amid the coronavirus crisis. Sh
US economy to contract more than 4.0% in 2020 – UOB
Strategists at UOB Group’s Quarterly Global Outlook estimate the US GDP could contract 4.1% during the current year. Key Quotes “Indeed, the price to
ECB’s Lane: We will adjust PEPP composition as much as necessary, for as long as needed
We will adjust PEPP composition as much as necessary, for as long as needed, ECB Lane said. Non-fundamental volatility in spreads impairs the smooth t
GBP/USD keeps the red near mid-1.2500s post-UK PMI
The GBP/USD pair maintained its offered tone near the 1.2555-60 region and had a rather muted reaction to the UK macro data. The pair extended the ove