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Here is the news headline that has driven 'risk' much higher in late US/very early Asia. I've tagged this post as 'education'. The reason for that is it is so important when trading news to get into the mindset of knowing what the market is looking for. Past weeks have shown how hungry markets are […]

<p>The coronavirus outbreak, started in China, has evolved into a global pandemic, causing great damage to the world economy. The latest data show that it led China to the worst economic downturn on record. Major macroeconomic indicators in March show less significant contraction than a month, a result of relaxed containment measures and the

<p>Cleveland Fed President Loretta Mester said “the economic data is very ugly reflecting the shutdown in the activity, furloughs and layoffs,” due to coronavirus pandemic. “Fed is working to help markets function and support businesses so they can be ready when economy reopen”, She said. “It will take some time

<p>Bundesbank President Jens Weidmann said monetary policy is making a “major and important contribution within the scope of its mandate” to counter the impact of the coronavirus pandemic. But it’s “not yet possible” to say whether the coronavirus measures taken to date will be “enough” he added. R

<p>Eurozone CPI was finalized at 0.7% yoy in March, down from February’s 1.2% yoy, half of 1.4% yoy a month ago. The highest contribution to the annual Eurozone inflation rate came from services (+0.60%), followed by food, alcohol & tobacco (+0.46%), non-energy industrial goods (+0.13%) and energy (-0.45%). EU CPI was finalized at

<p>China’s GDP contracted -6.8% quarter over year in Q1. That’s the worst performance since at least 1992 as the country was brought to paralysis coronavirus outbreak. The contraction was also slightly larger than expectation of -6.0%. In March, retail sales dropped -15.8% yoy, after tumbling for -20.5% yoy in the first two months

<p>Minneapolis Fed President Neel Kashkari said the plan to reopen the economy in a staged approach &#8220;makes sense&#8221;. &#8220;When I looked at the president&#8217;s plan it seems consistent with the advice and the feedback that we&#8217;ve heard from health experts, that there is a way to slowly reopen the economy,

<p>Philadelphia Fed President Patrick Harker said monetary policy is going to &#8220;stay low until we really see the economy starting to recover back to our dual mandate&#8221;. Exactly how long that is a &#8220;function of how quickly medical science and industry can put in place the tools, the testing regimes, the vaccines etc.

<p>New York Fed President John Williams said yesterday, “the coronavirus pandemic has created circumstances we have never experienced before in our lifetimes. The reality is that the full scale of the economic consequences is still unknown.” The economy is “going to be underperforming for some time”. “There’

<p>Philadelphia Fed Manufacturing Business Outlook current activity index dropped to -56.5 in April, down from -12.7. That’s even below that nadir during the Great Recession, and was the lowest since July 1980. Looking at some details, new orders fell further into negative territory, from -15.5 to -70.9, record low. Current shipments dr