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<p>Short Term Elliott Wave view suggests that the rally in $SPX from March 23 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 2637.01 and wave 2 pullback ended at 2447.49. In the chart below, we can see the subdivision of wave (2) unfolded as […]

<p>Executive Summary Oil markets have come under extreme pressure this year amid the COVID-19 outbreak which has significantly reduced demand. In addition, the price war between Saudi Arabia and Russia earlier this year added to the supply glut. Although OPEC+ producers recently took action to cut production, the magnitude of cuts will likely

<p>Executive Summary As 2020 progresses, evidence continues to mount on the severe damage COVID-19 and associated lockdown measures are causing to the global economy. We expect an essentially synchronized contraction for all the major foreign economies we monitor and see global GDP declining 2.9% this year. While there is increasing clarity o

Economists at Westpac Institutional Bank have updated their economic and financial forecasts for New Zealand. NZD/USD is trading at 0.600. Key quotes

According to the median forecast of 32 economists polled by Reuters, China’s manufacturing sector activity is seen expanding for the second consecutiv

All major central banks are at the zero bound. Low rates for a prolonged period stifle economic growth, according to FXStreet’s analyst Joseph Trevisa

In an interview with ARD TV on Tuesday, Germany’s Economy Minister Peter Altmaier said that “where necessary we will need to improve aid packages for

EUR/CHF has eroded its five month downtrend line and the market is well placed to tackle the 55-day moving average at 1.0584, Karen Jones, Team Head F

The energy sector remains under pressure, with further falls in oil as storage issues persist, strategists at ANZ Bank inform. Key quotes “The United

Cable’s outlook seems to have improved and it could now advance to the 1.2535 level, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “