The EUR/USD technical picture is showing bearish signs, as FXStreet’s analyst Yohay Elam notes. Key quotes “EUR/USD is trading below the 50, 100, and
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ECB's Kazaks: It would be irresponsible if EU countries leave ECB alone in virus fight
ECB can expand, extend stimulus scheme if needed Can also increase asset purchase volumes or even look for new instruments Can even consider the use o
Australia: Negative rating outlook – Westpac
S&P has moved Australia’s rating outlook to ‘Negative’. Analysts at Westpac Institutional Bank would not expect this to evolve into a full downgrade.
Morocco: The tourism slump, a threat for the economy – BNP Paribas
Tourism is the main transmission channel of the Covid-19 pandemic to the Moroccan economy. Activity has been at a standstill since March and will rema
USD/CAD clings to gains near mid-1.4000s, lacks follow-through amid rising oil prices
The USD/CAD pair held on to its intraday gains, just above mid-1.4000s, albeit lacked any strong follow-through and remained well below daily tops set
Copper: Looking for a break below the 2016 lows – Credit Suisse
Copper maintains a major top and analysts at Credit Suisse stay bearish, looking for a break below the 2016 lows. Key quotes “Imminent supports can be
US: Unemployment rate could be the highest ever – ANZ
Economists at ANZ Bank recap the outlook for the US unemployment rate. Key quotes “The St Louis Fed predicts potential job losses of over 46m for 2020
New Zealand: Very deflationary shock – ANZ
The preliminary ANZ Business Outlook data for April saw every activity indicator plunge. Most hit record lows by a very large margin, per ANZ Bank. Ke
Gold: The $1640.00 level is a decent support
The gold chart is still a bullish one and the bias will not change until a lower high is created and $1640 is broken to the downside, according to Raj
USD/JPY struggles for a firm direction, holds steady below 109.00 mark
The USD/JPY pair struggled to capitalize on its intraday recovery move and is currently placed in the neutral territory, just below the 109.00 round-f