United Kingdom Producer Price Index – Input (MoM) n.s.a above forecasts (-2%) in February: Actual (-1.2%)

United Kingdom Consumer Price Index (MoM) registered at 0.4% above expectations (0.3%) in February

<p>In what feels like years ago, on February 27th, we wrote about the fall of the Mexican Peso. Fundamentally, we discussed how USD/MXN was heading higher as the carry trade was being unwound. As stocks moved lower, traders had to sell pesos and buy back US Dollar and Euros. As a result, both USD/MXN and […]

<p>Key Highlights AUD/USD started an upside correction from the 0.5500 support area. A major bearish trend line was breached with resistance near 0.5850 on the 4-hours chart. The US Manufacturing PMI declined from 50.7 to 49.2 in March 2020 (Prelim). The US Durable Goods Orders could decline 0.8% in Feb 2020, more than the last […]

<p>The Dow Jones Industrial Average climbed jumped 11% — the most since 1933 to prove the adage that bear-market rallies are the most-powerful. The Australian dollar was the top performer while the yen lagged. USD/JPY continues to close in on the Feb high. Gold extends its gains on a powerful combination of miners shutdown and […

<p>The COVID-19 shock to the Australian economy will trigger a deep recession and a sharp spike in the unemployment rate, jumping to 11% by mid-2020. The unfolding economic recession is shaping up to be more severe than the GFC. The Federal budget position will deteriorate sharply over this year and next. We anticipate a deterioration [&helli

<p>Executive Summary Today&#8217;s release of the Eurozone manufacturing and services PMIs in our view provides the clearest indication yet of the economic damage the Eurozone economy could suffer from the COVID-19 virus. The March services PMI slumped to a record low, while the manufacturing PMI also fell sharply. While the prospective e

United Kingdom Producer Price Index – Output (YoY) n.s.a below forecasts (0.9%) in February: Actual (0.4%)

United Kingdom Producer Price Index – Input (YoY) n.s.a came in at 0.5%, above expectations (-0.9%) in February

FX Strategists at UOB Group noted further downside in EUR/USD appears to be losing momentum. Key Quotes 24-hour view: “Our view yesterday was that the