Investor sentiment remains weighed down overall into the end of the week, as coronavirus fallout continues to cripple global markets. Thursday’s shocking jump in US initial jobless claims to a gargantuan record print of 6.6 million, is only making the reality of the impact of the pandemic that much intense. read report
Special report: About US jobless claims and OIL
Into Thursday, coronavirus fallout continues to paint an ugly picture for the global economy. A distressing outbreak in the US, higher death tolls in France and Spain, extended lockdowns in Italy and Germany, and reports China concealed the extent of the outbreak are all contributing to the sour mood. read report
Next 24 hours: Sour tone to start Q2
We’re into the second quarter of 2020 and as we get going, things have soured. We had seen a wave of risk on price action in the days leading up to the end of Q1, but worry associated with coronavirus fallout continues to weigh heavily on investor sentiment. read report
Next 24 hours: Any hope for OIL?
There’s plenty of concern about coronavirus fallout in the months ahead and the impact on the global economy. But as we get set to close out Q1, the market is feeling a little better. There’s no doubt that the market is feeling better about the barrage of global stimulus in March, but it's hopes of the coronavirus peaking that's really helping. read report
Next 24 hours: Should we expect another dip in the Dollar?
It’s been a volatile month of trade for global markets and things could get even more volatile as we head into month end quarter end. Investors continue to worry about coronavirus fallout and the potential for a longer term impact on growth, though for the time being, all of the stimulus, has helped to stabilise things. read report
What a difference one week makes. A week ago, currencies were down across the board, and in a big way against the Buck. But as we look at five-day performance against the US Dollar on this Friday, it’s a completely different picture. Currencies are all now up, and impressively against the Buck. So what accounts for the massive turnaround? read report