
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
The US economy has been hit hard by the coronavirus outbreak. The country has now recorded more than 123,000 coronavirus cases, the most of any country in the world. President Donald Trump, who had talked about reopening the economy for Easter, on Sunday extended the national social distancing guidelines to April 30. The impact of such a rapid spread is enormous – 3.28 million people filed for unemployment insurance.
US Economic forecast from credible banks from all over the world
What does it mean for traders?
There are no improvements in controlling coronavirus yet in the USA, that means macro uncertainty will prevail. Over the past two weeks the dollar has posted its biggest weekly rise since the 2008 financial crisis and then its biggest weekly drop since 2009. Yet as signs of funding stress have eased, but not abated, the dollar remains at elevated levels.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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