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...

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Fundamental Forex Analysis

US face mask mandate could potentially substitute for lockdowns – Goldman Sachs

According to the Goldman Sachs analyst, the US national face mask mandate could help reduce the daily growth rate of coronavirus cases and in turn substitute for lockdowns, which could have affected the GDP. Ke...

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Fundamental Forex Analysis

There will be some bumpy times but we are resilient

Speaking in an interview on Times Radio, the UK Prime Minister (PM) Boris Johnson commented on the economic outlook while adding that economy stands resilient to this coronavirus crisis. Key quotes “This is goi...

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Fundamental Forex Analysis

USD/JPY keeps the red below 107.00 mark post-US data

USD/JPY met with some fresh supply on Friday and retreated further from over one-week tops. Worries over rising coronavirus cases benefitted the safe-haven JPY and exerted some pressure. The USD extended its co...

Banks borrow $34.9 billion from its 1-week dollar funding
Fundamental Forex Analysis

BOJ likely to cut economic projections due to coronavirus – Bloomberg survey

According to the latest Bloomberg survey, the Bank of Japan (BOJ) is seen trimming its economic projections again next month due to the massive economic fallout from the coronavirus pandemic. Key findings “The ...

High frequency indicators show a tick up in economic activity, though it remains well below normal levels
Fundamental Forex Analysis

ANZ-Roy Morgan NZ Consumer Confidence bounces to 104.5 in June

Sharon Zollner, Chief Economist at Australia and New Zealand Banking Group (ANZ) noted the ANZ-Roy Morgan Consumer Confidence Index recovered further in June. It has made back about half its fall, but is around...

Fundamental Forex Analysis

AUD/USD remains confined in a range, moves little post-US macro data

AUD/USD struggled for a firm direction on Thursday and was seen oscillating in a range. The risk-off mood benefitted the safe-haven USD and kept a lid on the intraday bounce. Mixed US economic data failed to im...

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Fundamental Forex Analysis

USD/JPY hits fresh 1-week tops and retreats, still comfortable above 107.00 mark

USD/JPY continued gaining traction for the second consecutive session on Thursday. The positive move was fueled by some strong follow-through USD buying interest. The USD bulls maintained their dominant positio...

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Fundamental Forex Analysis

When are the US durable goods orders and how could they affect EUR/USD?

US durable goods orders overview Thursday’s US economic docket highlights the release of durable goods orders data for May. The US Census Bureau is scheduled to release the monthly report at 12:30 GMT. Ha...

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Fundamental Forex Analysis

German Gfk Consumer Confidence beats estimates with -9.6 for July

According to the latest survey of around 2000 German published by the Nuremberg-based GfK institute on Thursday, the consumer confidence improved slightly heading into July, as the lockdown easing fueled optimi...