Blogs

<p>As Australia enters its fourth week of national lockdown, the country looks set to find out what the economic cost of the virus shutdowns has been on the labour market. The employment indicators for March are due on Thursday at 01:30 GMT and are certain to make a grim reading. If the jobs numbers prove […]

<p>The Dow Jones fell about 500pips since opening of US session and registered losses of 900 points since Asian session start. The index was hit by downbeat US retail sales data which showed record monthly in March, with more bad news to come as today’s data did not present the full impact of the COVID […]

<p>Cable dipped nearly 200 pips on Wednesday after week-long advance stalled at 200DMA barrier (1.2648) on Tuesday. Pullback accelerated on profit-taking and fresh strength of dollar on renewed safe-haven demand as US equities fell on downbeat US data. The pair is on track for daily close in red after five days of rally and forming […]

<p>Retail sales declined by 8.7% m/m in March, just below market expectations for 8% m/m decline. Following the revisions, February&#8217;s decline was slightly smaller than originally reported, with sales down 0.4% (versus -0.5%). Sales in relatively more volatile categories were weak, affected by store closures and lower prices. In part

<p>Early estimate of Q1 GDP shows 10% annualized decline Economic activity down 9% (non-annualized) in March US retail sales, IP reports add some colour Desperate times, desperate for measures: Recognizing the need for timelier measures of economic activity during the coronavirus crisis, Statistics Canada took the extraordinary step of releas

<p>Canadian economic activity fell an unprecedented 9% month-on-month in March. This according to Statistics Canada’s similarly unprecedented public ‘nowcast’ that came even as several key indicators for February are yet to be released. The March figure implies that real GDP contracted by around 9.5% to 11% (annualized) over

<p>GBPJPY looks to be mostly neutral after an ascent from the three-and-half-year low of 124.00 that returned the price back above the 135.70 hurdle, overcoming the Ichimoku cloud. The short-term oscillators reflect a stall in the positive momentum. The MACD, in the positive area, has moved near the zero level, while the RSI slipped below [&h

<p>Today in the American session BoC will be releasing its interest rate decision and the bank is widely expected to remain on hold at +0.25%. Currently the market seems to have almost fully priced in such a scenario as CAD OIS imply a probability of 99.66% for the bank to remain on hold. Should the […]

<p>WTI oil price extends steep descend into fourth day and probes again below critical $20 support zone on Wednesday. Fresh weakness cracked previous low at $19.24 (30 Mar) and hit new lowest in over 18 years ($19.17 so far). As mentioned in my previous reports, near-term risk was clearly at the downside after recovery on […]

<p>The CAD/CHF exchange rate traded upwards within a rising wedge pattern for the last four weeks. During today’s morning, the rate broke the lower pattern line. From a theoretical perspective, it is likely that some downside potential could continue to prevail in the market. In this case the currency pair could gain support from the [&