URR News and Press, Morgan Stanley ZC SP REDEEM 30/04/2020 USD 40 From 05/05/20

Overview: The S&P 500 recovered yesterday after dipping trading below the 20-day moving average for the first time in a month. The key area is the gap between the April 30 low (~2892.5) and the May 1 high (~2869). Oil reversed higher as well. June crude was off nearly 9% in the US mornin...

The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has been one of the most volatile FX crosses of all lately. From a far tighter trading range of less than 600 pips through the last quarter of 2019 to March 2020, EUR/AUD suddenly exploded to th...

Germany’s top court rules that some actions taken by the country’s Bundesbank to participate in the ECB's €2.7T bond-buying program were unconstitutional, and not backed by the EU treaty. Says German government should have challenged the ECB's decisions. More news on: ...

The dollar fell against all the major currencies and most of the emerging market currencies last week. The Dollar Index fell by 1.3%, the biggest loss since the last week of March, and posted its lowest close in nearly three weeks ahead of the weekend. There seemed to be a change in the mark...

Back in February, I made the argument that the SEK/EUR is set to see downside in the months ahead. My primary reason for making this argument was that the Riksbank would be forced to do a U-turn on its prior commitment to raising rates as a result of the economic damage from COVID-19. ...

Overview: The retreat in US stocks yesterday, coupled with disappointing earnings news, has sent equity markets lower today. However, the May Day holiday has closed most markets, warning of spill-over at the start of next week, though China's markets are closed through next Tuesday and Japan...

Today's ECB meeting will be closely-watched after the French (-5.8% GDP) and Spanish (-5.2% GDP) economies posted their sharpest contractions on record. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iPath EUR/USD Exchange Rate ETN, Top stock market n...

The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, provides a glimpse into the relative confidence that the market has for the United Kingdom and the European Union. That is, confidence in both their economies and the governments overseeing...

Overview: The dollar is lower across the board as dealers attribute the selling to month-end pressures ahead of the FOMC today and ECB tomorrow and long-holiday weekend for many. Japan's Golden Week holiday has already begun. Despite the loss in US equities yesterday, despite the higher open...

Overview: Equities are building on yesterday's gains. The MSCI Asia Pacific Index rose 2% yesterday and edged higher today. Shanghai and Austalia stand out as exceptions. In Europe, the Dow Jones Stoxx 600 is extending yesterday's 1.8% gain to reach its best level since March 11. Today would...