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...

Trade deficit expands to $1.4 billion in March vs. $2 billion expected
Fundamental Forex Analysis

Raw Materials Price Index surges by 16.4% in May

Raw Materials Price Index in Canada rose more than expected in May. USD/CAD trades with modest daily losses near 1.3670.  “Prices for raw materials purchased by manufacturers operating in Canada, as meas...

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Fundamental Forex Analysis

Annual HICP edges higher to 0.8% in June vs. 0.6% expected

HICP in Germany rose more than expected in June. EUR/USD pair clings to daily gains, stays below 1.1300. Inflation in Germany, as measured by the Consumer Price Index (CPI), jumped to 0.6% (preliminary) on a m...

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 ...

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Fundamental Forex Analysis

Tokyo CPI ex Fresh Food steadies at +0.2% YoY in June vs. +0.2% expected

The consumer expenditure, as represented by the Consumer Price Index (CPI) rose less-than-expected in the Japanese capital of Tokyo in June, according to the latest data published by the Statistics Bureau of Ja...

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Fundamental Forex Analysis

Asia consumers remain cautious about spending – Citibank

The Citibank analysts assess the impact of the Asian consumer spending on the US economic recovery, in their latest client note. Key quotes “The consumer is far from firing on all cylinders in Asia, and I think...

The economy contracted in Q2
Fundamental Forex Analysis

The economy contracted in Q2

China Beige Book, a survey of more than 3,300 Chinese companies conducted mid-May to mid-June., showed on Wednesday, the economy contracted in Q2 (the three months April to June) from a year earlier. Additional...

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Fundamental Forex Analysis

When are the UK Preliminary PMIs and how could it affect GBP/USD?

The UK PMIs overview The first Preliminary readings of the UK Manufacturing and Services PMIs for June are due for release today at 0830GMT. The Preliminary UK Manufacturing PMI is expected to show that the con...

Existing Home Sales declined by 9.7% in May vs. -3% expected
Fundamental Forex Analysis

Existing Home Sales declined by 9.7% in May vs. -3% expected

Existing Home Sales in US fell more than expected in May. US Dollar Index continues to edge lower toward 97.00. Existing Home Sales in the United States declined b9.7% in May, the data published by the Nationa...

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Fundamental Forex Analysis

Japan’s Core CPI drops 0.2% YoY in May vs. -0.1% expected, USD/JPY battles 107.00

According to the latest data published by the Statistics Bureau of Japan on Friday, the National Consumer Price Index (CPI) rose by 0.1% YoY in May versus +0.1% expected and +0.1% seen in April. Japan’s c...