US March non-manufacturing data: Details: Comments in the report: ForexLive
Blogs
US Markit final March services PMI 39.8 vs 38.5 expected
The second look at the March Markit PMI ForexLive
Larry Kudlow on Bloomberg: Banks are ready to go on small business loans
Larry Kudlow speaking on Bloomberg TV – Banks are ready to go on coronavirus small business loan program – Does not see any roadblocks on small business loan program
Pelosi on CNBC: We need a 4th bill bipartisan aid bill
House Majority Leader Nancy Pelosi ForexLive
WTI Oil Extends Recovery on Optimism of OPEC+ Agreement for Significant Production Cut
<p>WTI oil price rose to new highest level since 17 Mar ($28.53) on Friday, in extension of previous day’s strong rally, driven by renewed optimism on expectations that main oil producers will agree to make significant production cut. OPEC+ group is working on a deal to make an unprecedented production cut by around 10% of […]
Is this a Light at the End of the Stock Tunnel or Just a Flashlight?
<p>Stock prices are making a V turn after experiencing the sharpest downfall since financial crisis and bargain hunters are looking for the right time to buy. Hopefully, there are reasons to believe that the positive trend could continue, though on the other hand it is too early to rule out a dead cat bounce, and it […]
After Foray into QE, RBA to Stand Pat at April Meeting
<p>The Reserve Bank of Australia was one of the few central banks among advanced economies that was not dragged into the world of quantitative easing (QE) during the 2008 financial crisis. But having already been bruised by the US-China trade dispute, it was clear the Australian economy would not be as fortunate in the current […]
Week Ahead – Another Dose of the Virus Blues?
<p>The pandemonium in financial markets has calmed down somewhat, but that serenity seems fragile and investors will keep a close eye on how fast the virus is spreading in America, which is now entering the most painful phase. On the bright side, Europe looks close to a ‘peak’ in new cases. That said, markets will […]
Weekly Focus – Reaching the Bottom
<p>The number of new infections outside China continues to rise on the back of rising numbers in the US. The global number of infections has now passed one million. The worst-hit countries are seeing rays of light with the number of new Italian infections continuing to trend lower and new hospitalisations dropping sharply, while officials [&h
NFP Data was BAD, but the Worst is Yet to Come
<p>Nonfarm Payrolls (NFP) released today was -701,000 vs an expectation of -100,000 and a revised +275,000 in February. Although this reading is MUCH worse than expected, April’s reading is going to be worse. The data collected for this reading was collected up until March 12th, which is before state lockdowns went into effect. As we [&hell