Govt close to finalising the economic relief package
Fundamental Forex Analysis

Japan manufacturers’ business mood worsens again on pandemic woes – Reuters Tankan Survey

According to the latest monthly Reuters Tankan survey, released on Wednesday, the Japanese business morale remains dented by rising worries over the impact of the coronavirus pandemic on the economy. Key findin...

ISM-NY Business Conditions Index improves to 19.5 in May from 4.3
Fundamental Forex Analysis

ISM-NY Business Conditions Index improves to 19.5 in May from 4.3

ISM-NY Business Conditions Index recovered sharply from record lows. US Dollar Index fell below 97.50 in American session.  Business Conditions Index for the New York area rose to 19.5 in May from an all-time ...

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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Fundamental Forex Analysis

German IFO Business Climate Index beats estimates with 79.5 in May, EUR/USD uninspired

German IFO Business Climate Index came in 79.5 at in May. IFO Current Economic Assessment stood at 78.9 this month. May German IFO Expectations Index arrived at 80.1. The headline German IFO Business Climate I...

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Fundamental Forex Analysis

Japan business morale hits decade low amid coronavirus pandemic – Reuters Tankan Survey

The latest monthly Reuters Tankan survey showed on Wednesday, the Japanese business morale deteriorated further in May, as lockdown induced economic deadlock weighed down on the firms’ sentiment. Key findings “...

National Cabinet agreed three-step plan to achieve COVID-safe economy by July
Fundamental Forex Analysis

NAB Business Confidence Index bounces to -46 in April, AUD/USD remains heavy

NAB Survey still remains in the negative territory. Australian budget is up for release later on Tuesday. AUD/USD keeps losses below 0.6450 on disappointing data. National Australia Bank’s (NAB) index of busin...

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Fundamental Forex Analysis

Economy to rebound in Q3 2020 amid business reopenings

The US economy is likely to rebound in the third quarter, brushing away the devastating effects of the coronavirus pandemic, said US Treasury Secretary Steve Mnuchin in an interview with Fox News Sunday. Key qu...

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Fundamental Forex Analysis

German IFO Business Climate Index misses estimates with 74.3 in April, EUR/USD unmoved

German IFO Business Climate Index came in 74.3 at in April. IFO Current Economic Assessment stood at 79.5 this month. April German IFO Expectations Index arrived at 69.4. The headline German IFO Business Clima...

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Fundamental Forex Analysis

German Final IFO Business Climate Index misses estimates with 86.1 in Feb, EUR/USD off highs

German final IFO Business Climate Index came in at 86.1 in March. IFO Current Economic Assessment stood at 93.0 this month. March German IFO Expectations Index arrived at 79.7. The German IFO Business Climate ...

NZD/USD steadies near mid-0.56s, erases around 1% on the day
Forex News

Govt to set up NZD $6.25 bn business financing guarantee scheme

New Zealand (NZ) Finance Minister Robertson announced on Tuesday, the government will set up NZD $6.25 bn business financing guarantee scheme. Further comments Retail banks have agreed to provide mortgage repa...