Latest data release by ONS - 30 June 2020
GDP -1.7% vs -1.6% y/y prelim
Private consumption -2.9% vs -1.7% q/q prelim
Government spending -4.1% vs -2.6% q/q prelim
Exports -13.5% vs -10.8% q/q prelim
Imports -9.4% vs -5.3% q/q prelim
Total business investment -0.3% vs 0.0% q/q prelim
USD/CHF: Under pressure
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Pivot (invalidation): 0.9495
Our preference Short positions below 0.9495 with targets at 0.9470 & 0.9460 in extension.
Alternative scenario Above 0.9495 look for further upside with 0.9510 & 0.9525 a
After moving in opposite directions early in the session, stocks continue to turn in a mixed performance in mid-day trading on Wednesday.
While the tech-heavy Nasdaq reached a new record intraday high in early trading, the Dow and the S&P 500 are extending the pullback seen in the previous sessi
The volume of total manufacturing sales in New Zealand dropped a seasonally adjusted 1.7 percent on quarter in the first three months of 2020, Statistics New Zealand said on Wednesday.
That follows the 2.8 percent increase in the three months prior.
The value of total manufacturing sales remained re
Germany's manufacturing orders declined at a record pace in April, extending the trend from the previous month, as the coronavirus pandemic hurt demand severely, preliminary figures from the statistical office Destatis showed on Friday. New orders in manufacturing fell a seasonally and calendar-adju
Alok Sharma, the UK Business Minister, said in a statement on the coronavirus lockdown easing on Monday, “overall view from the scientific advisory committee is that we should lift lockdown cautiously and that is what we are doing.”
Over the weekend, the scientific advisers to the UK government warn
The US Dollar declined by more than 90 pips or 0.65% against the Canadian Dollar on Monday. The currency pair tested a support cluster formed by the 200– period simple moving average and the monthly pivot point at 1.4030 during the European trading session on Tuesday.
If the support cluster
Mainland China reported 10 new coronavirus cases as of the end of April 22, down from 30 a day earlier as the number of so-called imported cases involving travellers from overseas declined, the National Health Commission said on Thursday.
China reports 10 new coronavirus cases in Mainland
German coalition parties agree further measures to shield workers, companies from coronavirus impact.
German package includes higher state transfers in short-time work scheme to cover up to 80% of lost net income. German parties agree to temporarily lower tax burden for catering industry t