GBPUSD & EURGBP, H1
UK Labour Market نے Massive 856.5k تک کی (April) Job losses Claim میں دکھائی۔ اسِ Figure نے Lockdown کا Impactدکھایا۔ UK میں March 23, Lockdown کو شروع ہوا۔ مارچ کی مندرجہ ذیل Values تھیں۔ Un-employment dipping to 3.9% from 4% Feb. Average Household earning preceding lockdown dip 2.4% y/y in 3 months. Bonus figure down form 2.8% y/y in 3 months to Feb.
Softer dollar, Cable rallied to 1.2250،EURGBP نے 0.8920 Daily Pivot Test.کیا۔
Risk ہے کہ May German ZEW Economic Sentiment. میں کمی آئے۔DAX(GER 30) bottomed in March. اور Improvements نے April Ending میں Sentiments بہتر کے لیے۔ Germany’s Stock Index نے Side way movement کی۔ اُمید ہے کہ Economic Activity میں بہتری 2nd half of Year میں آئے گی۔ اسِ کے بر عکس 2nd round of infection نئی Restrictions بنا دے گا۔ Longer term میں Risk اور Negative impact بہت High ہے۔
Later, in north american Session we have testimony to senate banking commission from Messrs Powell & Mnuchin &US Housing States & Building Permits.
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Stuart Cowell
Head Market Analyst
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