Economy could shrink by up to 6% in 2020 amid coronavirus crisis
Fundamental Forex Analysis

Q2 economic output to decline much more sharply than in Q1

The German economy ministry was out with some comments in the last hour and said that the economic recovery will be gradual through the second half of 2020. Additional quotes: Easing of lockdown suggests we ha...

Q2 forecasts are for around -10% decline in GDP
Forex News

Q2 forecasts are for around -10% decline in GDP

Germany’s Destatis, the federal statistics office, is out with its take on the Q2 growth after the economic contraction seen in the first quarter. The Stats office said: How Q2 turns out depends in part on easi...

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Fundamental Forex Analysis

Expect GDP to decline by 6% in 2020

In a fresh report published on Tuesday, Germany’s KfW state development bank said it expects 2020 German GDP to decline by 6%. Additional quotes “German economic output was probably around 20-25% below the prev...

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Forex News

Decline to speed below 106.35

The USD/JPY pair is neutral-to-bearish and could accelerate its decline below 106.35, according to NDDFX’s Chief Analyst Valeria Bednarik. Key quotes “The US session will bring the ISM-NY Business Conditions in...

AUD/USD: ??????? ? ??????? ? 0.6810
Forex News

Some further decline before eventual stabilization – Wells Fargo

Analysts at Wells Fargo, expect some further decline in the Australian dollar before eventual stabilization. They forecast the Australian economy to contract 2.2% for the full-year of 2020. Key Quotes:  “Since ...

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Forex News

Dollar’s decline likely to continue despite risk-averse environment

Here is what you need to know on Monday, March 30th: The coronavirus pandemic keeps taking its toll on the world’s economies. As one-third of the global population is in lockdown, most of them, extending measu...

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Forex News

The decline could accelerate below 109.65

The USD/JPY pair is trading at daily lows in the 109.80 region, bearish in the short-term, according to Valeria Bednarik from NDDFX. Key quotes “The 4-hour chart shows that the pair has finally broken below its...

EUR/USD ????? ?????????????? 1.1096 – UOB
Forex News

Q2 GDP decline of more than 8% appears well within the realm of possible outcomes – Wells Fargo

According to analysts at Wells Fargo, data released on Tuesday of the Eurozone manufacturing and services PMIs provides the clearest indication yet of the economic damage the Eurozone economy could suffer from ...

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Forex News

Decline to be resumed below 106.70

USD/JPY is trading above the 50% retracement of its latest decline at 106.70, the immediate support. Valeria Bednarik, a Chief Analyst at NDDFX, looks at the technical picture of the USD/JPY pair.  Key quotes “...

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Forex News

Bid above 1.10 after biggest single-day decline since June 2018

EUR/USD is on the rise with US stock futures flashing red.  Analysts expect the single currency to slide to 1.05 in the coming months.  Risk reset looks likely and could weigh over the safe haven EUR. The sing...