The New Zealand dollar has enjoyed a resurgence during the month of April, as we have seen a lot of “risk on” behavior in stock markets around the world as well as other assets.
Blogs
EUR/USD Forecast: May 2020 – 30 April 2020
The Euro has spent the better part of the month of April going sideways in a relatively tight range.
CAD/JPY Forecast: May 2020 – 30 April 2020
The Canadian dollar has been a bit of an enigma as of late, as it has held up rather well considering just how drastic the selloff in crude oil has been.
Nikkei 225 closes higher by 2.14% at 20,193.69
A positive day for Asian equities US futures are up by around 0.7% currently, leading to better risk tones as we begin European trading. In the currencies space, sentiment is more mixed but the dollar remains tepid after a slight fall in overnight trading.
Germany March retail sales -5.6% vs -8.0% m/m expected
Latest data released by Destatis – 30 April 2020 – +1.2%; revised to +0.8% – Retail sales -2.8% vs -4.8% y/y expected – Prior +6.4%; revised to +6.5% See here for global coronavirus case data
France Q1 preliminary GDP -5.8% vs -4.0% q/q expected
Latest data released by INSEE – 30 April 2020 – (Q4) -0.1% – GDP -5.4% vs -3.6% y/y expected – Prior (Q4) +0.9% See here for global coronavirus case data Breaking down the numbers, it is pretty much an awful quarter as household spending declined by 6.1% while business investment fell by 11.4% relative to […]
Trade ideas thread – European session 30 April 2020
Daily thread to exchange ideas and to share your thoughts After bottoming out on 23 March, this supposed 'bear market rally' is now stretching to over 34% in the S&P 500. That is certainly quite a monster.
Japan April consumer confidence index 21.6 vs 27.6 expected
Latest data released by the Japanese Cabinet Office – 30 April 2020 – Prior 30.9 See here for global coronavirus case data Consumer sentiment declines sharply amid the virus outbreak across the globe, as the state of declaration emergency is also not going to help with businesses and consumption.
Nikkei up by nearly 3% on the session, risk keeps firm
Japanese stocks are having a good day See here for global coronavirus case data Asian equities are faring better so far on the session, with the Nikkei now seeing gains of about 3% after the lunch break. Meanwhile, US futures are also keeping higher with gains of around 0.6% seen currently. European futures are also […]
Germany sees increase of 1,478 coronavirus cases, another 173 deaths reported
RKI with their latest update on the coronavirus situation in Germany The numbers are still moderating somewhat just over 1,000 cases per day but unless they start falling into the hundreds, it is a testing time for Germany as they continue to look at steps to reopen the economy and the country.