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<p>Eurozone industrial production dropped -0.1% mom in February, the month before coronavirus pandemic measures began. Production of durable consumer goods fell by -2.0% mom and capital goods by -1.5% mom, while production of both intermediate goods and non-durable consumer goods rose by 0.4% mom and energy by 0.7% mom. EU industrial producti

<p>IMF Managing Director Kristalina Georgieva urged UK to seek longer Brexit transition. She told BBC radio that &#8220;it is tough as it is&#8221; with coronavirus pandemic. &#8220;Let&#8217;s not make it any tougher&#8221;. She added, &#8220;my advice would be to seek ways in which this element of uncertainty is redu

<p>Australia employment unexpected grew 5.9k in March, versus expectation of -40.0k contraction. Full-time employment dropped just 400 to 8.88m. Part-time employment rose 6.4k to 4.14m. Unemployment rate rose just 1% from 5.1% to 5.2%, much better than expectation of 5.5%. Participation rate was steady at 66.0%. Chief Economist at the ABS, Br

<p>RBNZ Governor Adrian Orr told the Epidemic Response Committee today that recovery from the coronavirus pandemic would be more challenging than that of the global financial crisis of 2008-9. He noted, “the most optimistic scenario is that we come out of this very very tight lockdown, and we remain out of this lockdown in varying level

<p>Dollar stays broadly firm in Asian sessions after the recovery overnight. There were signs of bottoming in the greenback but the rally remains unconvincing with no follow through buying yet. Australian and New Zealand Dollars are currently the weaker ones. Better than expected job data is giving little support to the Aussie, as full corona

<p>After three cuts, 150 bps in total, in March, BOC left the policy rate unchanged at 0.25% at the April meeting. With the policy rate standing at the lower effective bound, the central bank added further monetary easing by extending the QE program. Unlike previous meetings, BOC did not provide the updated economic projections this […

<p>Oil prices slumped amidst concerns of oversupply. The market expects that the coordinated cuts announced last week, even if implemented smoothly, will fail to offset the severe contraction in demand. The latest report by International Energy Agency (IEA) suggested that global demand will fall to the lowest level in 25 years. It added that

The economic activity contracted sharply and abruptly across all regions in the United States as a result for the COVID-19 pandemic, the Federal Reser

The Empire Manufacturing index recorded in March its lowest reading ever, by falling to -78.2, a decline much larger than expected. Analysts at Wells

GBP/USD suffers a blow at the 200-DMA as dollar comes back into vogue. COVID-19 is keeping markets on the cautionary side, favouring a bid in the US