AswinPudya

AswinPudya

Fundamental: -. IHS Markit’s composite purchasing managers’index for the Eurozone in April to 13.5, by far its lowest reading since the survey began in mid-1998 -. Video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again highlighted the slow pace and complexity of decision making by the bloc’s leaders. -. ...

AswinPudya

Fundamental: -. Weaking oil demand (petroleum sector account for roughly 10% of Canadian GDP) -.One million Canadians lost their jobs in just one week in March. Millions more have applied for the Canadian Emergency Response Benefit, or CERB -. IMF expects Canada's GDP to shrink by 6.2% vs Japan 5.2% Techincal: Forming bearish pennant

AswinPudya

Fundamental: -. Weaking oil demand (petroleum sector account for roughly 10% of Canadian GDP) -.One million Canadians lost their jobs in just one week in March. Millions more have applied for the Canadian Emergency Response Benefit, or CERB -. IMF expects Canada's GDP to shrink by 6.2% vs US 5.9% Technical: - Breakout the triangle

AswinPudya

Fundamental: -ECB will have to keep interest rates “very low” and liquidity “very abundant”, Villeroy (governor of the Bank of France) - German IFO business climate index, Economists are expecting a drop to 77.2 in April from 86.1 in March -. IMF forecasts the euro zone economy is expected to shrink by 7.5% -. Italy and Spain, GDP is set to contract by 9.1%...

AswinPudya

XAU still bullish: The International Monetary Fund (IMF) says the global economy is expected to shrink by three percent this year - the biggest contraction since the Great Depression of the 1930s.

AswinPudya

Fundamental: President Trump says OPEC+ planning to cut production 20 mn bpd Technical: Bullish Flag

AswinPudya

-. Safe Haven (USD) demand -. New Zealand announced NZ$12 billion ($7.3 billion) stimulus package, in an attempt to soften the negative economic impact from the coronavirus outbreak.

AswinPudya

China's March month CPI and PPI data fell below forecasts to 4.3% and -1.5% S&P Global Ratings has downgraded Australia outlook from stable to negative as a result of the government's stimulus measures

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Long. Weak USD

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"Saudi Arabia and Russia may agree to cut production by 10 to 15 million barrels a day"

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Safehaven

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Sell

AswinPudya

Long

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Short