Blogs

Latest data released by ONS – 23 April 2020 – -£0.4 billion; revised to £0.1 billion – PSNB (ex banks) £3.1 billion vs £2.7 billion expected See here for global coronavirus case data

Latest data released by GfK – 23 April 2020 – 2.7; revised to 2.3 See here for global coronavirus case data The plunge in sentiment continues and this shows that consumers are still extremely pessimistic about economic conditions – pretty much

Latest data released by INSEE – 23 April 2020 – 95; revised to 94 – Manufacturing confidence 82 vs 83 expected – Prior 98 – Services confidence 55 – Prior 92 See here for global coronavirus case data

Daily thread to exchange ideas and to share your thoughts Major currencies are starting to move a little, but not by a whole lot so far today with the dollar sitting mildly lower ahead of European trading.

Latest data released by the Japanese Cabinet Office – 23 April 2020 – Coincident index 95.5 vs 95.8 prelim Slight delay in the release by the source. The preliminary release can be found . A slight revision lower but I wouldn't look too much into this as it pertains to February data and pre-virus conditions […]

JMA reports that the earthquake hit at 1344 local time See here for global coronavirus case data

WTI now climbs back above $15 See here for global coronavirus case data Oil is a pretty dangerous game right now and while the fundamentals that drove the madness in the May contract are still in place, there are other factors to consider right now such as the mess that is taking place with USO.

Gold is up by bout 0.8% now near $1,727 See here for global coronavirus case data Upon the break of the key hourly moving averages and the $1,700 level yesterday, gold buyers are building further momentum and is pushing to fresh highs since 16 April.

EUR/USD falls to a low of 1.0791 currently See here for global coronavirus case data Evidently, the economic damage is much worse than what many are expecting but just take note that the PMI reading was taken during the peak of the lockdown period – from 7 April to 22 April. Still, that doesn't leave […]

The greenback and yen keep weaker to start European trading See here for global coronavirus case data The dollar just fell to session lows across the board – similar to the yen – as we kick start European morning trade. Notably, AUD/USD is starting to take a look above its 200-hour MA (blue line) as […]