• ECB Meeting preview: Wrong Words in a Wrong Time

    The April ECB meeting has all chances to become a factor of support for EURUSD.

  • Oil: Historical Price Inefficiency Thanks to USO ETF

    The fall in oil prices continued on Tuesday, the June WTI contract was offered a short-term support at around $10.60, front-month Brent contract is trading below $20 per barrel.

  • Oil and US Durable Goods Data Paint Mixed Picture About Recovery

    Oil prices renewed decline this week, June WTI contract dropped by more than 15%, Brent fell by 7.5%.

  • Key economic events and reports of the coming week

    Tuesday, April 28, 2020 – BoJ Outlook Report (YoY) (JPY), CB Consumer Confidence (Apr)(USD), Employment Change (QoQ) (Q1)(NZD).

  • Germany: Biggest GDP Drop in 2020 Since the WWII

    German economy will shrink by more than 6% this year, a government source told Reuters on Friday.

  • DAX: Fiscal Spending as a Fuel for Growth

    One of the key leading indicators for the German economy – investors’ assessment of business climate slumped to a fresh all-time low in April.

  • GBP: Gains may be Detached From Harsh Reality

    UK PMI preliminary data for April were grim and indicated full depth of the shock caused by coronavirus.

  • Oil: Near-term Pressure may Remain in Place Because of Storage Issues

    It is not surprising that the outlook for front-month oil futures, especially for June, remains bleak as some market participants continue to price project shocking drop of May contract price to June contract.

  • Key economic events and reports of the coming week

    Monday, April 20, 2020 – RBA Meeting Minutes(AUD), Average Earnings Index +Bonus (Feb)(GBP), German ZEW Economic Sentiment (Apr)(EUR), Core Retail Sales (MoM) (Feb)(CAD), Existing Home Sales (Mar)(USD).

  • Head of Bundesbank Weidmann: Too Early to say if Measures Adopted are Enough

    It is too early to say whether measures aimed at supporting the Eurozone economy in the context of coronavirus impact will be sufficient, the head of the German Bundesbank Jens Weidmann said in an interview with Bloomberg, adding that monetary and fiscal policies aimed at stimulating growth will remain necessary for some time to come.

  • Is lockdown easing a false hope?

    China’s GDP fell sharply in the first quarter of 2020 compared with the same period of last year, while signs of recovery in March are highly uneven.

  • IEA April Energy Outlook Pressures Oil Producing Nations to cut Bigger and Faster

    The People’s Bank of China cut its medium-term lending rate for financial institutions on Wednesday to the lowest level on record.

  • DXY Abandons the Levels Above 100

    There is a growing perception that the worst for stocks could be over.

  • US CPI: Downside Risks Prevail

    Broad and core US inflation printed lower than expected in March reflecting downward pressure from fuel prices, narrowing demand for apparel, transportation costs but only moderate upside pressure in other components.

  • Fed Economic Update, “Ugly” China Recovery: Economic Commentary – April 9, 2020

    Fed Chairman Jeremy Powell, the sponsor of “liquidity banquet” on the US money markets ensured that the Fed did not skimp on supply of credit resources.