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Latest content from FXStreet Team Apr 22, 2020 20:24 PM Forex Today: Demand for the dollar returned What you need to know on Thursday, April 23rd: Crude oil prices stabilised after two-days of declines, leading to a recovery in global indexes. The mo... Read more Apr 22, 2020 14:53 PM Kuwait: 2020 GDP to contract by 6.3% – Standard Chartered Economists at Standard Chartered expect 2020 GDP to contract by 6.3% y/y (1% growth prior), mainly on OPEC++ oil output cuts. USD/KWD trades at 0.312.... Read more Apr 22, 2020 14:41 PM EUR/PLN: Testing levels around 4.60 – Nordea A cascade of easing measures along with a lukewarm global outlook are the reasons to keep a negative short-term bias on the PLN by analysts at Nordea.... Read more Apr 22, 2020 14:36 PM UK PMIs Preview: The only way is down Markit's UK preliminary PMIs are expected to fall in April. The pound may come under pressure even if the figures meet expectations, FXStreet's analys... Read more Apr 22, 2020 14:21 PM USD/RUB: Gradual RUB comeback – Nordea The RUB was rapidly recovering after the coronavirus-related sell-off in March. However, the recent oil price crash has shown that the RUB is still vu... Read more Apr 22, 2020 14:00 PM USD/CNY: 7 is the new floor – Nordea Low-risk sentiment, capital outflows, and an uncertain growth outlook are all weighing on the CNY, as analysts at Nordea note. Key quotes "We see litt... Read more Apr 22, 2020 13:41 PM AUD/USD: Strength should be faded – TDS The Aussie has managed to bounce off the lows from yesterday. Analysts at TD Securities believe AUD/USD strength should fade. Key quotes "AUD managed ... Read more Apr 22, 2020 13:34 PM Canada: Inflation to fall even further in the coming months – BMO Canadian inflation hit the brakes hard at the start of the shutdowns, sliding from above target to below 1% in a single month, per the Bank of Montrea... Read more Apr 22, 2020 13:28 PM Turkey: USD/TRY to break above 7 after CBRT rate cut – TDS The CBRT has cut the repo by 100bps to 8.75% today, more than TD Securities' analysts (-75bps), and the consensus (-50bps) had expected. USD/TRY is si... Read more Apr 22, 2020 13:23 PM EZ PMIs Preview: EUR/USD may have already priced the downfall Markit's Purchasing Managers' Indexes are expected to be extremely low but is likely priced in and EUR/USD has room to rise or shrug off bad news, acc... Read more Apr 22, 2020 13:13 PM Canada: CPI below 1% in March – TDS Canadian CPI inflation decelerated sharply in March, falling 1.3pp to 0.9% y/y for the first sub-1% reading since 2015, per TD Securities. Key quotes ... Read more Apr 22, 2020 13:09 PM EUR/USD: Confined between Fibonacci levels The EUR/USD pair is trading between Fibonacci levels, waiting for a clearer catalyst, according to FXStreet's Chief Analyst Valeria Bednarik. Key quot... Read more Top contributors to follow: Kathy Lien Sam Seiden Slobodan Drvenica Marc Chandler Gregor Horvat Nenad Kerkez Barabara Rockefeller Joel Kruger

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