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<p>Oil markets sceptical over OPEC+ production cuts Demand destruction calls for immediate supply intervention Asian stocks mixed amid holiday-hit volumes Moderating Dollar sends Asian currencies, Gold higher US earnings season, economic data to test bull market Brent fell by 4.1 percent and is struggling to keep its head above the psychologi

<p>Asia Market Update: Asian markets trade mixed with many countries closed for holiday; Oil-related currencies decline, OPEC+ has yet to reach an agreement and the status of Friday’s meeting is not clear; China inflation eases more than expected. General Trend: The Thursday OPEC+ meeting ended without an agreement, Mexico said to have

<p>The Federal Reserve announced a series of measures this morning that are intended to assist households, businesses and state & local governments as they cope with the economic fallout of the COVID-19 outbreak. The Fed estimates that the programs will provide an additional $2.3 trillion worth of financial support. The Federal Reserve p

<p>Key Highlights USD/JPY is struggling to gain traction above the 109.40 resistance. The pair could extend its decline if it breaks the 108.00 support. The US Initial Jobless Claims for the week ending April 04, 2020 declined from 6867K to 6606K. The US Consumer Price Index is likely to drop 0.3% in March 2020 (MoM). […]

<p>U.S. Highlights COVID-19 continued to dominate headlines this week. But, hopes that the virus’ spread may soon peak, together with new details on the Fed’s support measures, helped support risk-on sentiment. Equities soared as a result. The mood remained decisively downbeat on the economic data front, however. Small business co

<p>This week gave us some hard data on the impact of coronavirus containment measures. Canada’s employment numbers were as bad as feared, with 1 million people losing their jobs through mid-March and economy-wide hours worked falling by 15%. Conditions deteriorated toward the end of the month and in early-April, and more than 5 million

<p>Tomorrow,  much of the world is on Holiday, celebrating Good Friday.  Many stock and bond markets around the world will be closed, such as the US, UK, Germany, France, Spain, Italy, Australia, and Canada.  Therefore, one may expect that with many market players taking the day off, that the FX markets should be quiet.  That […]

<p>Amidst the profound disruptions wrought by the global COVID-19 pandemic, it’s reassuring to see an example of a market reaction that “makes sense.” That brings us to this morning’s Federal Reserve announcement of an unprecedented new program to provide $2.3 trillion in new loans, including purchases of investment-grade and high-yield bonds

China M2 Money Supply (YoY) above expectations (8.8%) in March: Actual (10.1%)

China New Loans above expectations (1800B) in March: Actual (2850B)