Articles

UK March Nationwide house prices +0.8% vs 0.0% m/m expected

April 2, 2020 14:05   Forexlive Latest News   Market News  

Latest data released by UK Nationwide Building Society – 2 April 2020
– +0.3%
– House prices +3.0% vs +2.1% y/y expected
– Prior +2.3%
ForexLive
Slight delay in the release by the source.

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Austalian Daylight Savings: Updated Trading Schedule 2020

April 2, 2020 13:40   ICMarkets   Market News  

Dear Trader,

Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 5th April, 2020.

While trading for most products will remain unaffected,  there will be a change in the trading hours of some products.

All times mentioned below are Platform time (GMT +3)

MT4:

cTrader:

If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: support@icmarkets.com, or phone +61 (0)2 8014 4280.

Kind regards,

IC Markets

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Trade ideas thread – European session 2 April 2020

April 2, 2020 13:09   Forexlive Latest News   Market News  

Daily thread to exchange ideas and to share your thoughts
The market still has plenty to try and grasp at this stage, with more lockdowns taking place in the US and the likes of Italy and Germany extending theirs. It seems that most countries are still hesitant to open up too quickly in fears of a resurgence in

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Saudi supports cooperation to stabilise oil market, blames Russia for current turmoil – Gulf source

April 2, 2020 12:40   Forexlive Latest News   Market News  

Actions speak louder than words
Adding that producers were forced to end all voluntary supply restraint because of Russia’s rejection to deeper oil output cuts in the OPEC+ meeting last month.

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Boeing set to offer voluntary layoffs to employees amid the coronavirus fallout – source

April 2, 2020 12:33   Forexlive Latest News   Market News  

Reuters reports, citing two people familiar with the matter
One of the sources say that Boeing chief executive, Dave Calhoun, is expected to detail a voluntary layoff plan to employees as early as later today.

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Japan PM Abe: Will work with local governments to tackle the coronavirus spread

April 2, 2020 12:29   Forexlive Latest News   Market News  

Some comments by Japan prime minister Shinzo Abe
– Managing to hold off on need for state of emergency declaration
ForexLive
The number of cases in Japan – – is starting to rise and that is a growing concern for the country that they have to soon take more precautionary measures to try and get ahead of

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ForexLive Asia FX news wrap: RBNZ suspends bank dividend payments

April 2, 2020 12:02   Forexlive Latest News   Market News  

Forex news for Asia trading Thursday 2 April 2020

The Reserve Bank of New Zealand instructed commercial banks to halt
dividend payments today, until further notice and the US Federal
Reserve eased capital requirements for large banks (see bullets above
for more detail on both of these).

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US Jobless claims data due Thursday – Goldman Sachs forecasts 5.25m

April 2, 2020 11:26   Forexlive Latest News   Market News  

The median consensus projections I 3.7 million, from last week’s 3.283 million
For perspective, last week’s number was mind-boggling:
And the scale of job losses is set to repeat this week. 

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Reuters report US banks threaten not to participate in the small-business rescue program

April 2, 2020 10:49   Forexlive Latest News   Market News  

The newswire citing “five people with direct knowledge of industry discussions”.
 
Link here to the Reuters story
Aye, that’d be a spanner in the works, sure.

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PM Morrison says virus spread is slowing in Australia

April 2, 2020 10:21   Forexlive Latest News   Market News  

Prime Minister press briefing
– says Australia is slowing the spread of the virus that causes COVID-19 
Hmmm.  A lot of the cases in Australia have been from travellers and returning travellers. And yes, those cases are slowing, simple with the passage of time as arrivals into the country dry up (not tonally but mainly, and those

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