Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank
Fundamental Forex Analysis

Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank

In its latest report, the World Bank projected the Thai economy to shrink by at least 5% this year, in the face of the coronavirus pandemic. Key details “The economy will take more than two years to return to p...

Australian PM Morrison announces $38 bln, second stimulus measures to combat the coronavirus impact
Fundamental Forex Analysis

Australia’s Commonwealth Bank Manufacturing PMI arrives at 49.8 in June vs. 49.3 expected

Australian manufacturing sector improved but remained in contraction this month, according to the latest data released by both the Commonwealth Bank of Australia (CBA) and the Markit Economics on Tuesday. The C...

Indian rupee rebounds even as World Bank sees economy contracting 3.2% in FY21
Fundamental Forex Analysis

Indian rupee rebounds even as World Bank sees economy contracting 3.2% in FY21

According to the latest report published by the World Bank on Monday, India’s economy is seen contracting 3.2% in FY21, in the face of the economic and travel lockdowns imposed due to the coronavirus pandemic. ...

UK coronavirus confirmed cases jumps to 9,529 from 8,077
Fundamental Forex Analysis

UK business morale deteriorates to 2008 low in May – Lloyds Bank

According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due to the economic shock from the coronavirus pandemic. The mont...

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Forex News

Bank Of Japan Summary Of Opinions

Bank Of Japan Summary Of Opinions is out giving some more insight to the BoJ’s projection for inflation and economic growth. BoJ April meeting summary of opinions Japan’s economy likely to remain i...

EUR/USD ?????????? ?? ??????? 1.1090
Forex News

1.10 is the year-end target – Deutsche Bank

Economists at Deutsche Bank have smoothed the EUR/USD forecast for this year due to the instability in Europe.  Key quotes “But questions around Europe’s systemic stability linger and newsflow on this front in ...

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Forex News

When is the Bank of England rate decision and how could it affect GBP/USD?

Following two consecutive emergency meetings, the Bank of England (BOE) is up for contributing to the “Super Thursday” at 06:00 AM GMT, with a surprise change in time. The routine Interest Rate Decision will be...

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Forex News

EUR/USD to remain weak – Danske Bank

The ECB meeting next week is not expected to bring new policy measures after the host of measures taken by the ECB over the past six weeks, according to analysts at Danske Bank.  Key quotes “We expect the ECB t...

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Forex News

Difficult to see what can support the pound – Danske Bank

Looming Brexit trade talks mean renewed uncertainty in 3-6M, economists at Danske Bank apprise. Key quotes “While the UK may be approaching the peak in virus figures, an exit strategy for how to open up the eco...

USD/JPY: ???? ???? ??????? 109.00
Forex News

110 still seen as short-term ceiling – Danske Bank

According to analysts from Danske Bank, the USD/JPY PY have been thrown back and forth by moves in global risk aversion, commodities and domestic fiscal response on the one side (stronger JPY), but also a very ...