Blogs

<p>Latest indicators for virus-haunted Eurozone’s economic developments suggest that the region is very close to recession. While accelerating QE, ECB refrained from lowering the policy rate March. We expect it would be obliged to do so in April. Meanwhile, coordinated fiscal action by the European Commission might be needed as the largest ec

<p>The British pound has fallen below the 1.2400 level against the US dollar after weekly jobless claims from the US economy saw a significant increase. It is now possible that the GBPUSD pair could test towards the 1.2200 technical area over the short-term. A loss of the 1.2200 level could provoke an even stronger decline […]

<p>The price of crude oil spiked after Donald Trump reassured the market that Saudi Arabia and Russia were close to a deal that will cut more than 15 million barrels a day. This would be a substantial supply cut since the world’s demand stands at around 100 million barrels a day. Still, there are concerns […]

<p>Eyes on US NFPs after tragic jobless claims data. UK’s services PMI could be revised lower. The US jobless claims shot up by 6.6 million last week, as businesses stopped due to the coronavirus shutdowns leaving millions of Americans seeking for benefits. This was the double of last week’s claims and this week’s expectations. As […]

<p>Rates: US payrolls won’t capture full blow of corona lockdown Trading ranges on core bonds markets are gradually returning to normal after an extremely volatile month of March. Risk sentiment remains extremely fragile and could benefit bonds in a return of their traditional negative correlation. Today’s US payrolls and non-manufacturing IS

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.92% against the USD and closed at 1.0850. On the macro front, Euro-zone’s producer price index dropped 1.3% on a yearly basis in February, more than market anticipations for a drop of 0.8% and compared to a revised drop of 0.7% in the previous month. […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 4.88% against the USD and closed at 1.2392. On the data front, UK’s seasonally adjusted Nationwide house prices rose 3.0% on a yearly basis in March, registering its fastest growth since January 2018, more than market forecast for a rise of 2.0%. In the previous […]

<p>For the 24 hours to 23:00 GMT, the USD declined 1.79% against the JPY and closed at 108.18. In the Asian session, at GMT0300, the pair is trading at 107.91, with the USD trading 0.25% lower against the JPY from yesterday’s close. Overnight data showed that Japan’s Jibun Bank services PMI dropped to a level […]

<p>For the 24 hours to 23:00 GMT, the USD rose 1.12% against the CHF and closed at 0.9746. In Switzerland, the consumer price index dropped 0.5% on an annual basis in March, for the second consecutive month and in line with market forecast. In the previous month, the index had recorded a decline of 0.1%. […]

<p>For the 24 hours to 23:00 GMT, the USD rose 8.32% against the CAD and closed at 1.4127. On the data front, Canada’s international merchandise trade deficit unexpectedly narrowed to C$0.98 billion in February, compared to a revised deficit of C$1.66 billion in the previous month. Market participants were expecting the nation to record