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Trade ideas thread – European session 30 April 2020
51540 April 30, 2020 13:26 Forexlive Latest News Market News
After bottoming out on 23 March, this supposed ‘bear market rally’ is now stretching to over 34% in the S&P 500. That is certainly quite a monster.
Japan April consumer confidence index 21.6 vs 27.6 expected
51539 April 30, 2020 13:05 Forexlive Latest News Market News
– Prior 30.9
See here for global coronavirus case data
Consumer sentiment declines sharply amid the virus outbreak across the globe, as the state of declaration emergency is also not going to help with businesses and consumption.
Nikkei up by nearly 3% on the session, risk keeps firm
51536 April 30, 2020 12:45 Forexlive Latest News Market News
See here for global coronavirus case data
Asian equities are faring better so far on the session, with the Nikkei now seeing gains of about 3% after the lunch break. Meanwhile, US futures are also keeping higher with gains of around 0.6% seen currently. European futures are also up by
Germany sees increase of 1,478 coronavirus cases, another 173 deaths reported
51534 April 30, 2020 12:02 Forexlive Latest News Market News
The numbers are still moderating somewhat just over 1,000 cases per day but unless they start falling into the hundreds, it is a testing time for Germany as they continue to look at steps to reopen the economy and the country.
US Secretary of State Pompeo says China has not been forthright on coronavirus
51525 April 30, 2020 11:17 Forexlive Latest News Market News
Pompeo interview on Fox
Pompeo expressing the views within the US administration looking for targets to blame for the virus.
ForexLive Asia FX news wrap: Trump anti-China comments boost the USD
51524 April 30, 2020 10:56 Forexlive Latest News Market News
It was an active day for news and data here in Asia today.
The
session opened with a statement from Norway on their plans to cut oil
output in H2 of this year, which gave oil a bit of a boost. There is
plenty of work to do on improving demand
China expecting to see substantial, but reduced travel, over the May Day long weekend
51523 April 30, 2020 10:51 Forexlive Latest News Market News
– 117 m passenger trips expected over the in the Labor Day holiday (May 1-5)
China’s Ministry of Transport expectations.
Five Chinese cities, provinces to allow expedited entry for South Korean businesspeople from May
51522 April 30, 2020 10:49 Forexlive Latest News Market News
– Five Chinese cities and provinces will start allowing expedited entry for South Korean businesspeople from next month
Its a start ….
We’ve just had the PMIs from China, is manufacturing weaker than is being shown though?
51521 April 30, 2020 10:26 Forexlive Latest News Market News
Both the manufacturing and non-manufacturing gauges were in expansion.
After these we got the privately surveyed Markit/Caixin Manufacturing PMI, which dropped back into contraction:
Goldman Sachs is very downbeat on Australia’s real rate of joblessness
51520 April 30, 2020 10:02 Forexlive Latest News Market News
– adjusted for hours worked and labour-force participation
Says this real rate of unemployment is likely to hit 19% by the middle of this year.
China – Caixin/Markit Manufacturing PMI for April: 49.4 (expected 50.5)
51519 April 30, 2020 09:49 Forexlive Latest News Market News
The official survey favours the larger SOEs> There are doubts around the official survey, political reasons and what have you …
Australia Q1 import and export price indexes
51518 April 30, 2020 09:35 Forexlive Latest News Market News
– a miss on the expected +3.0% buy a solid improvement from Q4’s -5.2%
For the import index, -1.0% q/q