The past week was not very rich for the sound macroeconomic statistics, but it turned out to be exceptionally eventful. Traditionally, the coronavirus epidemic has remained the main theme. The barrier of 5 million cases was passed and a new global peak was detected, which was largely due to the sharp increase in the number of cases in Brazil and India, as well as...
Yesterday in the news plan was relatively calm. Everyone was already habitually waiting for the next millions of unemployed from the United States. And the States did not disappoint - another 2.4 million joined the 36 million army of unemployed. In general, one can only guess when the US stock market will at least try to take into account these and other negative...
Last week, we already wrote about the fear of the “second wave” of the epidemic associated with the opening of economies. Then it led to local sales in the stock markets, as well as the strengthening of the dollar. But then the markets calmed down somewhat and decided to postpone worries about this until actual confirmation of the fears would be received. China,...
Yesterday turned out to be quite rich in a variety of macroeconomic statistics. The UK has reported a record jump in the number of jobless claims. The number of people applying for unemployment rose to 2.1 million in April from 1.2 million a month earlier, increasing by 70% and reaching the biggest change from the previous month since the start of registration in...
Yesterday started with an official transition of the Japanese economy to the recession stage (two consecutive quarters of decline in GDP). Moreover, a decrease of 1.9% against the previous quarter (7.3% compared to the period a year earlier) is in fact only the beginning of the problems, since it is obvious that the second quarter will be much more disastrous. So...
The past week has passed under the fear of the “second wave” - a new peak of pandemic due to the removal of quarantine restrictions. Recall that many countries are in a hurry to open up, even being unprepared for this. The quintessence of this approach, of course, was Russia, which, according to the results of the week, took the second place in the world in the...
The main event of the yesterday was the publication of the next figures on jobless claims in the United States. Experts expected growth by 2.5 million, but in fact the growth amounted to almost 3 million. Thus, the situation in the US labor market continues to deteriorate. This is supported by the fact that Goldman Sachs revised its forecast for unemployment rate...
From the point of macroeconomic statistics, the main event of yesterday was the publication of data on GDP and industrial production in the UK. The data came out, of course, extremely weak, but better than predicted (industrial production in March fell by -4.2% m / m - with a forecast of -5.6%, and GDP for the first quarter fell by-2.0% q / q with a forecast of...
Yesterday turned out to be relatively calm for financial markets. In many respects, the absence of significant macroeconomic data contributed to this. What can not be said about today for the British pound: GDP for the first quarter, GDP and industrial production for March - this is enough to ensure high volatility in pound pairs. Considering how badly the UK...
After last week's rampant fun, it seems the markets are moving on to the hangover stage. The Fear Index on Monday increased, and stock markets, on the contrary, declined. The reason for the change of sentiments was the fear of a new wave of pandemic. Actually, we have already written about this: if Italy, Spain or Germany had more or less objective grounds for...
The last week was very busy. The most influencing event of course was a partial opening of the economies of the Eurozone and some US states. As a result, the Fear Index at the end of the week fell to the values that were at the time the pandemic just began. Stock markets, respectively, approached the marks that were before it became clear that the coronavirus...
The main event of yesterday in the financial markets was the announcement of the results of the meeting of the Bank of England. Monetary policy parameters remained unchanged, but Central Bank warned it may to increase the size of the quantitative easing program as early as next month. The pound’s attempt to grow on this news ended quickly enough, as the Bank of...
The main event on Wednesday was the publication of US employment data from ADP in April. Median forecasts in the region of -20 million in fact were justified by almost 100%. So the markets received another reminder that it takes only one month of lockdown to destroy everything that was created in the US labor market over the previous 10 (!) years. But this week...
The start of the week was surprisingly calm. Volatility as for the last time was rather low. In many respects this was facilitated by the lack of important macroeconomic statistics, as well as the very busy previous week. In general, traders decided to take a breath. The main event of yesterday in terms of macroeconomic statistics was the publication of Markit...
Last week once again turned out to be extremely rich on events and movements in the financial markets. The main anti-hero of the week was the US dollar, which was under rather strong downward pressure. The reason is the growth of optimism against the background of information about the wonderful properties of remdesivir - the “magic pill” from Gilead, which should...
The main events of yesterday were centered around statistics from Europe and the United States, as well as reporting by US corporations. The data came out habitually weak. But on the whole, quite unexpectedly, Europe looked relatively less weak then the United States. Partially this can explain yesterday's growth of the euro against the dollar (besides this,...
Since the pandemic began, it is difficult to find a simple day in the financial markets, but among difficult days there are especially difficult ones. That was yesterday and will be today as well. The markets yesterday continued to be optimistic: they were not stopped by not very weak data on US GDP for the first quarter (the indicator decreased by 4.8% with a...
The pressure on the dollar in the foreign exchange market this week is a direct result of the sharp rise in optimism in the financial markets. Which in turn is connected with the news about the gradual and soon exit of many countries from the lockdown. Today will be very important day for both the dollar and the US stock market. US GDP statistics for the first...