The International Monetary Fund on Wednesday forecast a deeper recession for this year and a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no other.
The global economy is set to shrink 4.9 percent this year, whi
China’s May Retail Sales YoY, the number arrived at -2.8% vs. -2.0% exp and -7.5% last, with Industrial Output YoY at +4.4% and +5.0% exp and +3.9% last.
The sales fell for four straight months as shops, restaurants and other crowded places closed during the pandemic.
Meanwhile, Fixed Asset Investm
EURJPY 123.86 +0.12% CONTINUATION IDEA
GOOD DAY EVERYONE HERE'S A LONG IDEA ON THE EURJPY PAIR, THE EUR HAS BEEN HAVING A GREAT WEEK LETS SEE IF WE CAN END THIS WEEK IN THE SAME ENERGY, NOW THE PAIR BROKE RESISTANCE AND WENT TO RETEST THE STRUCTURE SIGNALING A POSSIBLE CO
Indian shares look set to open higher on Tuesday, tracking gains in other Asian markets and U.S. index futures as corona infection rates moderated around the world and Japan lifted the Covid-19 state of emergency in the five remaining prefectures still under restrictions, including Tokyo.
AUD/USD probes the 100-day average hurdle in Asia.
That technical line has capped gains twice in the last two weeks.
AUD/USD is again struggling to post a convincing break above the 100-day average, currently located at 0.6535.
The pair failed to close above the key hurdle on Friday, having turne
With 30M people filing for unemployment insurance since March 21st, the precipitous drop in nonfarm payrolls of 20.5M was not a surprise. However, the drop in employment over the past two months has all but erased the job gains since February 2011. In turn, the unemployment rate increased at histori
S&P 500 Futures prints 0.33% gains, up 9.64 points.
US President Trump beefs up the signal that the US economy is closer to restart.
The deadline to return PPP loans also gets extended.
Sanofi, Gilead firm up efforts to combat the virus.
S&P Futures rise 0.33%, up 9.64 points, to 2,868 amid
NZD/USD drops after China PMIs, official and Caixin both, flashed weak figures.
Mixed data from ANZ, US President Trump’s trade rhetoric exert additional downside pressure.
Risk-tone struggles for direction after the virus drug development favored trade sentiment the previous day.
NZD/USD extends p
French consumer confidence deteriorated at the fastest pace on record in April after the government initiated coronavirus containment measures, survey results from the statistical office Insee showed Tuesday.
Amid lockdown, the consumer confidence index fell to 95 in April from 103 in March. However