Blogs

<p><strong>The historic </strong>3,001k surge in initial claims last week, to an unprecedented 3,283k in the week after the BLS survey, when mandatory closures began, suggests that the <strong>bulk of job market disruptions from COVID-19 will be seen in the April rather than March establishment survey. </strong></p&

<p>The Eurozone ESI confidence index plunged, as did Switzerland’s KOF index, as expected, while German state inflation declined. However all eyes today are still on Trump’s speech along with the US slate which has just February pending home sales and the Dallas Fed manufacturing index.</p> <p><span><strong>

<div> <h3>GBPUSD &amp; CADJPY, H1</h3> <p>Cable is softer today after last week’s rally. The pair posted a 17-day high at <strong>1.2486</strong> on Friday, which was the culmination of a rebound from the 35-year low that was seen on March 20th at <strong>1.1409</strong>. The pairing is currently