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 ...

IBD/TIPP Economic Optimism Index drops to 47.8 in April from 53.9
Fundamental Forex Analysis

UK consumer confidence hits lowest since GFC due to coronavirus impact – GfK survey

According to the latest survey conducted by GfK, a polling firm, the UK consumer confidence hits a decade low in late May, the lowest since the Global Financial Crisis (GFC), as Britons remain worried about the...

Coronavirus damages India’s growth and fiscal outlook
Fundamental Forex Analysis

India’s Q1 GDP to expand at the weakest pace in eight years due to coronavirus – Reuters poll

According to the latest Reuters poll of 52 economists, India’s economy is seen expanding at its slowest pace since early 2012 in the January-March quarter, in the face of the coronavirus-imposed nation-wide loc...

Economic activity has fallen abruptly as Govt responds to the coronavirus-led health risks
Fundamental Forex Analysis

May exports seen slowing due to coronavirus impact

According to the provisional trade data released by Statistics New Zealand (Stats NZ) for the period May 1 to May 3 on Wednesday, the exports are seen slowing in May due to the coronavirus impact on the economy...

Global recession is here to stay due to coronavirus – WEF
Fundamental Forex Analysis

Global recession is here to stay due to coronavirus – WEF

According to the latest report published by the World Economic Forum (WEF) showed on Tuesday, global economic contraction is likely to be a prolonged one, thanks to the coronavirus pandemic that is showing no s...

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Fundamental Forex Analysis

US Retail Sales to get hammered again in April due to coronavirus – Reuters poll

The latest Reuters survey of economists is likely to show that consumer spending, which accounts for more than two-thirds of US economic activity, registered a record drop for the second consecutive month in Ap...

UK Retail Sales arrive at 0.0% MoM in Feb vs. +0.2% expected, GBP/USD unmoved
Forex News

UK retail sales plunge 19% in April due to coronavirus lockdown – BRC

The British Retail Consortium (BRC) survey showed on Wednesday, the UK consumer spending fell by 20% in April, in the wake of the coronavirus pandemic led social and economic lockdown. Key findings “The BRC mem...

Australian Banking Association are to unveil relief plan at 11:00 local time (00:00GMT)
Fundamental Forex Analysis

A third of Australians are financially worse off due to coronavirus – ABS survey

An official survey conducted by the Australian Bureau of Statistics (ABS) showed on Friday, a third of the Australian nationals reported worsening household financial condition, in the face of the coronavirus o...

Japan April Consumer Confidence Index hits record low due to coronavirus crisis
Forex News

Japan April Consumer Confidence Index hits record low due to coronavirus crisis

A Japanese Cabinet Office survey showed on Thursday, the domestic consumer sentiment deteriorated sharply and was worst on record this month, dampened by the coronavirus outbreak and state of emergency. Key quo...

Global CEOs see U-shaped recession due to coronavirus –YPO survey
Fundamental Forex Analysis

Global CEOs see U-shaped recession due to coronavirus –YPO survey

According to an April 15-19 poll of 3,534 chief executives from 109 countries conducted by YPO, a business leadership network, global leaders are bracing for a U-shaped recession, in the face of the coronavirus...