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Fundamental Forex Analysis

NY Fed’s GDP Nowcast for Q2 2020 improves to -16.3%

The US economy is expected to contract by 16.3% in the second quarter before expanding by 1.5% in the third quarter, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday.  &#82...

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

GDP in first quarter contracts by 5% (third estimate) as expected

US’ real GDP in first quarter declined by 5% on a quarterly basis. US Dollar Index stays in the positive territory near 97.50 after the data. The real Gross Domestic Product (GDP) in the US contracted by...

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Fundamental Forex Analysis

US economy still poised for a V-shaped recovery – Goldman Sachs

Speaking at Bloomberg event on Thursday, Goldman Sachs Chief Executive Officer (CEO) David Solomon said that he still sees a V-shaped recovery for the US economy this year. Key quotes “This crisis has had...

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Fundamental Forex Analysis

Base case scenario is for 1.2000 by Q2 2021 – Morgan Stanley

Analysts at Morgan Stanley recommend going long on the euro against a basket of currencies, especially the USD, CHF, GBP and SEK. The bank, however, warns of the downside risks to the EUR rally. Key quotes “The...

Outlook on the economic recovery remains uncertain
Fundamental Forex Analysis

Outlook on the economic recovery remains uncertain

Australia’s Council of Financial Regulators (CFR), in its latest report, said the outlook, including the nature and speed of the expected recovery, remains uncertain. Additional takeaways “Financial...

ADB slashes 2020 growth forecast for developing Asia to 0.1% from 2.2%
Fundamental Forex Analysis

ADB slashes 2020 growth forecast for developing Asia to 0.1% from 2.2%

In its latest economic growth outlook report, the Asian Development Bank (ADB) trimmed its 2020 growth forecast for developing Asia from 2.2% to 0.1%. Additional details “The growth forecast downgrade reflects ...

Swiss govt sees economic recovery in H2 2020, barring more pandemic waves, strong containment measures
Fundamental Forex Analysis

Swiss govt sees economic recovery in H2 2020, barring more pandemic waves, strong containment measures

Switzerland’s State Secretariat for Economic Affairs (SECO) is out with its quarterly economic assessment report, with the key highlights found below. Sees economic recovery in the second half of 2020, barring...

Global economy to see a V-shaped recovery by Q4 2020 – Morgan Stanley
Fundamental Forex Analysis

Global economy to see a V-shaped recovery by Q4 2020 – Morgan Stanley

In a mid-year outlook research note, Morgan Stanley economists led by Chetan Ahya offered an optimistic take on the global economy, with a V-shaped recovery projected by the fourth quarter of this year. Key quo...

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...