Blogs

The latest IHS Markit PMI data suggests that the Eurozone economy is contracting at an annualized rate around 10% and this is likely to worsen in the coming months.

Alarm bells ringing after worst US jobless claims on record. Calm before the NFP storm in the months ahead.

GBP/USD and the FTSE 100 remain rangebound with little stimulus around to prompt a breakout. The FTSE daily chart is making a bullish short-term set up, but support needs to hold.

The US Dollar is on track to record a 2% rise for the week, helped by a rise in oil prices and the move to safe-haven assets in the fallout from the panic stemming from the Coronavirus spread.

The European Commission called for implementing a package of measures to face the economic consequences of the expansion of the Coronavirus epidemic.

The US Dollar was able to maintain upward momentum and firmed during London trade on Thursday.

U.S. President Donald Trump announced late on Wednesday that he expects the oil price war between Russia and Saudi Arabia to end within a “few days,”

Thursday April 2: The key factor in markets today will likely be how the U.S. stock market behaves when New York opens, as well as the U.S. unemployment claims data due later.

Gold remains the primary safe-haven asset, but silver allows traders to diversify portfolios and hedge Forex positions in a less crowded trade.

Over the past two weeks, the US saw initial jobless claims surge by roughly ten million due to the global Covid-19 pandemic.