Canada’s economy was in dire shape to start the year, with GDP expanding a dismal 0.1%.
Blogs
EUR/JPY: Will the Sell-Off Continue Following Minor Pause? – 02 April 2020
Structural weakness across the Eurozone and the European Union is highlighted by the Covid-19 pandemic, which is forcing the global economy into a recession
Silver Forecast: Markets Looking to Reach Lower – 02 April 2020
Silver markets have gone back and forth during the trading session on Wednesday, reaching below the $14.00 level.
DAX Forecast: Finding Selling Pressure – 02 April 2020
The German index gapped lower to kick off the trading session in the futures market on Wednesday, as the 10,000 level continues to cause major issues.
Gold Forecast: Showing Plenty of Interest – 02 April 2020
Gold markets have gone back and forth during the trading session on Wednesday, as we dipped a below the 50 day EMA only to turn around and show signs of strength.
WTI Crude Oil Forecast: Finding Fresh Lows – 02 April 2020
The West Texas Intermediate Crude Oil market initially tried to rally but then fell towards the $20.00 level.
AUD/NZD: Pending Breakout to Extend Price Action Recovery – 02 April 2020
Wartime measures are required to combat Covid-19, according to the International Monetary Fund (IMF).
Germany March final services PMI 31.7 vs 34.5 prelim
Latest data released by Markit/BME – 3 April 2020 – Composite PMI 35.0 vs 37.2 prelim ForexLive The preliminary report can be found . here
France March final services PMI 27.4 vs 29.0 prelim
Latest data released by Markit – 3 April 2020 – Composite PMI 28.9 vs 30.2 prelim ForexLive The preliminary report can be found . The softer revisions reaffirm record low for both the services and composite readings as the virus outbreak hits hard on French and euro area economic activity for the month of March.
OPEC+ reportedly said to discuss possible 10 mil bpd output cuts next week
RIA reports on the matter – No firm quotas are set just yet – There are some new countries wishing to join OPEC+ ForexLive Well, the good news for oil is that the big figure still appears to be on the table but then again this might require a joint-effort by other countries as well […]