Forex News
Financial markets are still primarily focused with the fight against Covid-19. In the US, coronavirus deaths are now climbing at a staggering pace and concerns are high that many states have acted too slowly in providing measures to mitigate the spread of the virus. Europe is also having terrible news on the virus front as […]
Jazz FM Business Breakfast presenter Jonny Hart looks back at the week’s business and markets news with OANDA Senior Market Analysts Craig Erlam in London and Ed Moya in New York. This week they all discuss the latest on the coronavirus and the oil price surge ahead of Monday’s emergency OPEC+ meeting. Read More: OANDA […]
Outlook is stable Germany AAA/A-1+ ratings have been affirmed with the outlook stable. This according to S&P. ForexLive Read More: S&P says Germany AAA/A-1+ ratings affirmed
Forex news for NY trading on aApril 3, 2020 The US employment report for March was released today and despite expectations that the survey occurred before the start of the coronavirus layoffs, a hefty -701K decline (estimate -100 K) was recorded. The unemployment rate rose to 4.4% from 3.5% (above the 3.8% estimate). The average workweek fell to 34.2 from 34.4 last month. Read […]
Read More: Pound Under Pressure as U.K. Services Suffer Worst Month Ever
Read more on https://www.fxstreet.com Read More: European Monetary Union CFTC EUR NC Net Positions rose from previous €61.3K to €74.2K
Read more on https://www.fxstreet.com Read More: US Dollar Index Price Analysis: DXY ends the week in green, above the 100.00 handle
The Australian Dollar has already seen two RBA interest rate cuts in a month but now markets are looking for a third. If they get it, Aussie rates will be at zero for the first time. Read More: Australian Dollar at Risk as Markets Eye Third Coronavirus Rate Cut
The S&P 500 Index finished the week 2% lower as job losses mount amid the coronavirus lockdown, but the VIX ‘fear-gauge’ still dropped. Why is volatility down despite another slide in stocks? Read More: S&P 500 Price Sinks as Unemployment Spikes; VIX Index Drops?
Cause For Optimism? Stock markets are heading into the weekend in the red, but investors may be a little encouraged by how the week has gone despite notching up small losses along the way. Source – Thomson Reuters Eikon The extraordinary moves that became an all-too-regular feature in March are occurring less frequently or severely. The […]
This was supposed to be the least important nonfarm payroll release for most traders because job losses were expected to be somewhat limited because the coronavirus impact was supposed to be primarily felt in next month’s report. US March payrolls collapsed by 701,000, much worse than the estimate for a decline of 100,000 job losses. […]
Fitch downgraded Fitch cuts South Africa to BB from BB+. Fitch said the downgrade is a result of the lack of a clear path towards debt stabilization. Which country has a clear path towards debt stabilization right now? Read More: Fitch cuts South Africa to BB with a negative outlook
It’s an amalgamation of many PMIs The US number held but today but that’s an illusion for the moment. Globally there are some incredible drops but the April numbers are going to be downright dire. Read More: JPMorgan's March global services PMI falls to 37.0 from 47.1
Read More: Virus Lockdowns Confront Billions Working in the Shadow Economy
Read More: Forex – Dollar Still in Demand, For Now
Read more on https://www.fxstreet.com Read More: EUR/USD: Heading firmly lower
Read more on https://www.fxstreet.com Read More: EUR/USD steadies near 1.0800, erases more than 300 pips weekly
Today we looked at a few charts that could unfold in the week ahead, as well as potential scenarios that might not play out next week but worth keeping tabs on. Read More: USD, USD/CAD, EUR/USD & More: Charts for Next Week
The BLS non-farms payroll report printed -701k for March as COVID-19 drags the US economc towards recession Read More: US Dollar Gyrates on Worst Jobs Report Since 2009
Investors in Asia are certainly waking on Friday and smelling the coffee after a tumultuous overnight session, which alternated between a good hard dose of economic reality, the challenges of the international community working together for the greater good, and yet another Muddy Waters China shortcoming to fruition. US Initial Jobless Claims delivered an […]
Bloomberg citing an internal memo from the company I doubt anyone will be surprised by this. Case counts in the US are still accelerating. ForexLive Read More: Apple to keep all US retail stores closed until May
Read More: Euro, yen swap spreads stabilize, show less demand for U.S. dollars
Read More: Dollar strength consolidates as global recession looms
Read more on https://www.fxstreet.com Read More: USD/CAD Price Analysis: Buyers look for entry beyond 1.4185/90
Read more on https://www.fxstreet.com Read More: Reuters poll: Rupee to gain 3.1% to 74.00 vs. US dollar in a year, USD/INR off record highs
The Indian Rupee fell against the US Dollar recently. Indian coronavirus cases risk exponentially growing with manufacturing slowing. USD/INR may rise but it faces fading momentum. Read More: Indian Rupee May Fall as US Dollar, USD/INR Rise on Virus Cases
The Federal Reserve has made a powerful statement about its commitment to shoring up offshore US Dollar funding markets through the coronavirus spread. Read More: US Dollar Funding Stress May Be Checked with Fed FIMA Scheme
In this session, we discussed handling risk management, trading psychology, strategy, and more during these volatile times. -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com/tv?CHID=9&QPID=30474-Twitter: https://twitter.com/DailyFX-Facebook: https://www.facebook.com/DailyFX/-LinkedIn: https://www.linkedin.com/company/dailyfx-com #DailyFX Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets. Why subscribe?-Cutting edge real-time insight on actionable market developments-Clearly explained videos […]
Weekly Jobless claims, the best indicator as to what is happening in the labor market topped last week’s record with a whopping 6.648 million in new claims. The economy is in bad shape and doubts are growing that the recent fiscal rescue package to help businesses might not be enough to keep people on their […]
Oil prices are jumping on President Trump’s news that the Saudis and Russians are ending their feud and will cut oil production by 10 million barrels. Oil rallied over 30% after Saudi Arabia issued a statement calling for an urgent OPEC+ meeting and that they want to restore balance to the oil market. Oil pulled […]