NZ announces ban of indoor gatherings of more than 100 people, Kiwi bleeds
Forex News

Total exports plunge by 8.0% YoY while imports rise 3.5% between Feb 1 – May 6

Statistics New Zealand (Stats NZ) is out with its provisional trade data for the period between February 1 and May 6 to better reflect the coronavirus impact on the economy. Key details Total exports to all co...

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Fundamental Forex Analysis

UK Manufacturing Production rises by 0.5% MoM in Feb vs. +0.1% expected

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Thursday, with the overall industrial activity bettering expectations in February. Manufacturing output ...

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Forex News

UK GDP arrives at -0.1% MoM in Feb vs. +0.1% expected, GBP/USD keeps losses

UK GDP arrives at -0.1% MoM in Feb vs. +0.1% expected. GBP/USD keeps losses below 1.2400 on downbeat data. The UK GDP monthly release showed that the UK economy showed a contraction in February, arriving at -0...

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Fundamental Forex Analysis

German Industrial Production unexpectedly rises by 0.3% MoM in Feb, EUR/USD keeps gains

German Industrial Production rises by 0.3% MoM in February. Annualized German Industrial Production dropped by 1.2% in February. Industrial Production in Germany unexpectedly increased in February, the officia...

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Forex News

Australian Trade Balance, Feb: A$ +4,361 mln, s/adj (Reuters poll: A$+3,650 mln)

Australia Feb trade balance arrived as A$+4,361 mln, s/adj vs the Reuters poll: of A$+3,650 mln. Key notes Australia Feb goods/services exports -5 pct MoM, Seasonally adjusted. Australia Feb goods/services imp...

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Fundamental Forex Analysis

German Factory Orders drop 1.4% MoM in Feb vs. -1.9% exp, EUR/USD off highs

German Factory Orders dropped 2.1% MoM in February. On a yearly basis. Germany’s Factory Orders jumped 1.5% YoY in February. EUR/USD eases-off daily highs, eyes coronavirus updates. The German Factory Orders d...

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

Australia Retail Feb Sales: 0.5% MoM (expected 0.4%)

Retail Sales for February arrived +0.5% MoM vs the expected 0.4% and prior -0.3% and a fall of 0.6% in December 2019. However, there was a muted reaction in the data: The following industries rose in seasonally...

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Fundamental Forex Analysis

German Retail Sales jump 1.2% MoM in Feb, a big beat – EUR/USD stays above 1.10

German Retail Sales jump 1.2% MoM in Feb vs. 0.0% expected. Retail Sales rise 6.4% YoY in Feb vs. +1.5% expected. According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail ...

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

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

The UK Retail Sales came in at -0.3% MoM in February. Core Retail Sales for the UK dropped 0.5% MoM in February. Cable remains unfazed by the downbeat UK Retail Sales data. The UK retail sales came in at -0.3%...

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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 ...