A group of five leading economic institutions in Germany is forecasting a severe recession with a contraction of 9.8% in the second quarter of 2020 af
Blogs
USD/KRW: Completing a multi-year base – Credit Suisse
USD/KRW looks to be completing a large multi-year base, suggesting that we should see further strength, in the opinion of analysts at Credit Suisse. K
Crude Oil Futures: Downside seen limited
CME Group’s preliminary data for Crude Oil futures noted open interest resumed the recent downtrend and decreased by around 34.7K contracts on Tuesday
Hungary: NBH hiked short-term rates to contain HUF weakness – TDS
The NBH has now embraced a fully unorthodox policy mix, built on the premise of managing liquidity, growth and, maybe, inflation via an interest rate
Copper Futures: Correction seems likely near term
Open interest in Copper futures markets rose for the second straight session on Tuesday, this time by just 16 contracts in light of flash data from CM
Gold holds steady above $1650 level, lacks follow-through amid stronger USD
Gold edged higher during the early European session and is currently placed near the top end of its daily trading range, around the $1654-55 region. F
ECB told ministers EZ financing needs to address coronavirus crisis could be up to EUR1.5 trillion – Reuters
The European Central Bank (ECB) told ministers that Eurozone financing needs to address coronavirus crisis could be up to 1.5 trillion euros, adding t
USD/CNH now seen re-testing the 7.0350 level – UOB
In light of the recent price action, FX Strategists at UOB Group now believe USD/CNH could head to the 7.0350 level in the next weeks. Key Quotes 24-h
Oil: Significant surplus to stay – ANZ
Crude oil prices fell on doubts about the ability of oil producers to reach agreement on production cuts, per ANZ Bank. Key quotes “Saudi Arabia and R
EUR/JPY: Holding a cluster of major support levels – Credit Suisse
EUR/JPY continues to hold long-term support, but the broader risk is seen for a break lower, as analysts at Credit Suisse note. Key quotes “EUR/JPY co