Blogs

<p>Global markets lack a clear direction today. European stocks are generally lower for the moment after EU failed to agree on coronavirus rescue stimulus. But US futures point to higher open. In the currency markets, Sterling is the strongest one for now as Prime Minister Boris Johnson is said to be “clinically stable” and “

<p>Canadian housing starts declined 7.3% (m/m) to a reasonably healthy 195.2k units in March. This brought the 6-month moving average down to 204.7k from 209.1k in February. Declines were concentrated in multi-family units, where urban starts dropped -13.4% (m/m) to 124.1k units. In contrast, urban single-detached starts increased by 8.8% (m/

<p>In America, the spotlight will be on Thursday’s weekly jobless claims and consumer confidence numbers, which will reveal how quickly unemployment is rising and how badly the consumer has been hit. Contrary to conventional wisdom though, a disappointing set of data could boost the US dollar, which has been acting like a safe haven amid [&he

<p>WTI oil price is moving within tight range on Wednesday but holding above important 10DMA support ($23.49) which contained Tuesday&#8217;s over $3 fall. The sentiment soured after OPEC+ delayed its meeting, originally scheduled for 6 Apr and oil was sold further, but optimism that the cartel members and their allies will reach agreemen

United States EIA Crude Oil Stocks Change above expectations (9.271M) in April 3: Actual (15.177M)

The GBP/USD pair managed to recover around 30 pips from lows and is currently placed in the neutral territory, around the 1.2325 region. Following the

The March LFS will capture an economy in rapid transition from full employment to one experiencing double-digit unemployment rates. Meanwhile, after c

The USD/CHF pair retreated back to the lower end of its daily trading range, with bears now looking for some follow-through weakness below the 0.9700

Following an early dip to lows near 1.0830, EUR/USD has managed to regain some buying interest and trimmed part of those losses to the 1.0890 area at

The coronavirus outbreak is expected to cause a "severe economic contraction" in the US, a survey conducted by the Wall Street Journal showed on Wedne