Market News | Merit Forex

The idea behind PEPP was to make liquidity rapidly available The rules for PEPP will be set in the future

Actual: 0.7% Forecast: 0.8% Previous: 1.2%

1. German Unemployment Rate German Unemployment Rate will be closely followed today by the market. The market expects the unemployment rate to rise to 5.1% from 5.0% in M...

Virus outbreak has put an end to the incipient economic recovery Recession in 1H 2020 is unavoidable German economy will shrink significantly this year Baseline scenar...

The US Dollar fell further last week as the likely passage of a $2.2 trillion U.S. package helped soothe worries of a global recession following the coronavirus outbreak and also looked set to incr...

Poloz speech: Monetary and fiscal policy responses to provide a bridge to normalcy Tools government has announced, in particular income support for those not p...

Actual: 89.1 Expected: 90.0 Previous: 95.9

Bank of Canada lowers overnight interest rate by 50bps to 0.25%

Q1 will be flat Q2 will be negative Q3 and beyond is very tough to forecast, the trajectory will depend on how we deal with the issue Strains in some markets appear to...

Will continue to work via videoconference Aiming for 10,000 tests per day by Sunday UK talking to EU on ventilators may do bulk purchase sees no change to Brexit timet...

Actual: 1.8% Forecast: 1.7% Previous: 1.7%

The Fed’s preferred measure of inflation, the core PCE index, which calculates spending minus volatile food and energy costs, arrives along with personal spending and income numbers from the Commer...

British Prime Minister Boris Johnson tests positive for COVID-19

UK PM JOHNSON TESTS POSITIVE FOR CORONAVIRUS

 1.US Core PCE Price Index The Fed’s preferred measure of inflation, the core PCE index, which calculates spending minus volatile food and energy costs, arrives along wit...

The G20 leaders have issued a statement saying: will do whatever it takes to overcome coronavirus pandemic will take all necessary health measures and seek adeq...

US Initial Jobless Claims Record High 3.283mln

Actual: 2.1% Forecast: 2.1% Previous: 2.1%

 We will closely watch the US GDP Growth today. The US fourth-quarter gross domestic product is expected to see a growth of 2.1%, as the same as the previous estimate. On the other hand,...

Economic consequences of coronavirus developments are becoming more apparent and a very sharp reduction in activity is likely. There is risk of longer-term damage to the economy.

BOE leaves bank rate unchanged at 0.10%

ECB said to have no plans to deploy OMT

Effectively, every $1 of Treasury backstop can support $10 worth in Fed loans Fed ready to step in whenever credit is not flowing And will continue to do it aggressively...

Fed Chair Powell says we may well be in a recession