Tuesday , June 2 2020
Home / Boris Schlossberg
Boris Schlossberg

Boris Schlossberg

Real time analysis of forex market from co founder of BKForex Tweets are commentary only.

Articles by Boris Schlossberg

Can The Risk Rally Continue?

1 day ago

China halts some soybean buys
Risk turns negative
Nikkei 0.84% Dax -1.65%%
UST 10Y 0.64
Oil $35/bbl
Gold $1741/oz
BTCUSD $9546
Asia and the EU
EUR Manufacturing PMI 39.4 vs. 39.5
GBP Manufacturing PMI
North America Open
USD ISM Manufacturing 10:00
News that China may be halting purchases of US soybeans sent US futures lower in morning European dealing as US-China tensions appear to be the only factor that could derail the relentless rally in stocks.
Over the weekend almost every major US urban area – responsible for the vast majority of the country’s GDP – looked like a war zone with protestors clashing with police forces over the state of race relations in the country. There was looting and low-level violence in nearly every major metropolitan area, but equities shrugged off the

Read More »

Risk-off but Euro Rises – Why?

4 days ago

Euro takes ou 1.11
Futures in mild riskoff tone
Nikkei -0.18% Dax -0.98%
UST 10Y 0.66
Oil $32/bbl
Gold $1726/oz
BTCUSD $9463
Asia and the EU
EUR CPI 0.9% v. 0.8%
North America Open
USD PCE 8:30
A mild risk-off tone dominated equity trade in Asian and early European sessions but the buck did not get much love from traders as it lost ground across the board and was half a percent lower against the euro.
In equity-land traders are wary of the brewing US-China tensions with markets awaiting a response from the Trump administration regarding the Hong Kong issue. It Trump decides to enact a broad range of sanctions against China in response to CCPs moves to limit political autonomy in Hong Kong equities could see a much steeper selloff as the day proceeds.
As many analysts have pointed out

Read More »

EU Proposes Mutual Debt; Risk Soars – EURUSD Breakout?

6 days ago

EU proposes compromise of 500B grants 250B loans
Futures a swing highs
Nikkei 0.70% Dax 1.59%
UST 10Y 0.697
Oil $34/bbl
Gold $1706/oz
BTCUSD $8925
Asia and the EU
No data
North America Open
No data
Risk soared today on news that the EU is considering a hybrid stimulus package of 500B euros in grants and 250B euro in loans that would be backed by joint issuance of the union.
The news sent stock index futures to session highs with S&P now trading well above the key 3000 level while Nasdaq touched the 9500 mark. The deal suggests a possible compromise with what is known as “frugal four” – the four small Northern European nations of Austria, Netherlands, Sweden and Denmark all of whom objected to the notion of pure grants.
More importantly, the deal suggests that European authorities are

Read More »

Don’t Worry Be Happy – Risk on Flows Roll On

7 days ago

SP takes out 3000
EU bond spreads compress
Nikkei 2.55% Dax 0.62%
UST 10Y 0.69
Oil $34/bbl
Gold $1725/oz
BTCUSD $8973
Asia and the EU
No data
North America Open
US New Home Sales
Risk on flows resumed with a vengeance as markets returned to full force today with SP500 futures taking out the 3000 level for the first time since the early days of March as investors bet on the resumption of the global economic activity while ignoring the brewing geopolitical risks.
With most of the developed world starting to lift its lockdown restrictions equity investors remained in a giddy mood taking stocks higher across the board. The risk on rally spilled over into other assets as well with EU bonds much better bid as the spread between Italian BTPs and German Bunds narrowed to less than 200 basis

Read More »

Markets Wary as US-China Tensions Escalate

11 days ago

China make a poer grab for HK
UK data all worse
Nikkei -0.80% Dax -0.69%
UST 10Y 0.65
Oil $32/bbl
Gold $1733/oz
BTCUSD $9089
Asia and the EU
GBP UK Retail Sales -18% vs. -15% eyed
North America Open
CAD Retail Sales 8:30
It’s been a wary night of trade with risk-off flow dominating Asian and early Europen dealing as escalating tensions between US and China had investors on edge.
The dollar was mildly bid across the board and US stock index futures were lower by about 50 basis points with markets fearful that US-China war of words may become a much more serious political conflict.
The latest salvo from Beijing was the introduction of a new Security Law. As well as criminalizing “treason, secession, sedition (and) subversion” against the central government, it will also enable Chinese

Read More »

All Eyes on US Weekly Unemployment Data

12 days ago

EZ PMI in line
UK PMI data beats
Nikkei 0.21% Dax -1.13%
UST 10Y 0.67
Oil $34/bbl
Gold $1733/oz
BTCUSD $9363
Asia and the EU
EUR EZ PMI 30.5 vs. 32
GBP UK PMI 27.8 vs. 25
North America Open
USD Continuing Claims 8:30
CAD ADP 8:30
It’s been a quiet listless night of trade in both FX and equities with dollar slightly better bid on more elevated risk-off tones while equity futures were 50 basis points lower in early European dealing.
On the eco calendar the PMI data out of Europe and UK offered little fresh news essentially confirming the highly contractionary conditions in the region. The EZ Composite reading came in at 30.5 vs. 32 eyed while the UK Services PMI was slightly better at 27.8 vs. 25.
With little fresh newsflow investors were happy to take some profits after yesterday’s

Read More »

Risk On Rally Stalls -Again; Euro to 1.10?

14 days ago

Risk flows zig zag
EU rescue fund quells fears
Nikkei 1.49% Dax -0.40%
UST 10Y 0.705%
Oil $31/bbl
Gold $1735/oz
BTCUSD $9774
Asia and the EU
EUR EU ZEW 51 vs. 32
North America Open
No Data
After yesterday’s strong risk-on rally that saw equities commodities and high beta currencies all rise, today’s price action was decidedly more cautious as markets failed to have much follow-through.
Yesterday’s triple whammy of positive news that included the possible development of COVID vaccine, the prospect of a realistic EU rescue package, and the continued decline of fresh coronavirus cases in the OECD countries all combined for a strong push higher. Today however the markets are once again coming up against key resistance levels in equities with SP500 still having a hard time with the 3000

Read More »

FX Flat but Stocks, Oil and Gold Soar

15 days ago

FX flat
Powell boosts risk
Nikkei 0.48% Dax 2.71%
UST 10Y 0.645%
Oil $31/bbl
Gold $1762/oz
BTCUSD $9551
Asia and the EU
No Data
North America Open
No Data
It’s been nothing but risk on flow in Asian and early European trade today with equities and commodities sharply higher boosted by investor optimism that the world was returning back to business. FX, however, was flat with majors treading water with 20 pips gains across the board.
Equities were well bid with DAX up more than 2% and US futures up about 1.5% in overnight trade. The rise in stocks was helped by soothing comments from Fed Chairman Powell who was interviewed on 60 Minutes Sunday night. Mr. Powell essentially reaffirmed the Fed’s commitment to unlimited liquidity in its fight against the global pandemic that has laid

Read More »

Markets Need Another Dose of DC Adrenaline

18 days ago

FX flat
Chinese data mixed
Nikkei -0.62% Dax 1.71%
UST 10Y 0.61%
Oil $28/bbl
Gold $1735/oz
BTCUSD $9620
Asia and the EU
CNY Retail Sales -7.5%
North America Open
USD Retail Sales 8:30 AM
Its been a very quiet night of trade in both FX and equities with markets essentially moribund in both Asia and European session dealing.
There has been little fresh newsflow with only the usual drumbeat of dour data confirming that the COVID economic climate is dire. In China Industrial Production rebounded higher to 3.9% from 1.5% eyed, but Retail Sales disappointed contracting by -7.5% versus -5.9% eyed.
The Chinese numbers pose a real challenge to the rebound thesis because they show that while supply can be restarted fairly quickly in a post COVID world, demand will be much harder to revive. In

Read More »

Markets Chop but Push Higher Hoping for Powell Lollipop

20 days ago

Risk pressured a bit Europe
FX flat
Nikkei -0.49% Dax -1.21%
UST 10Y 0.67%
Oil $26/bbl
Gold $1701/oz
BTCUSD $8916
Asia and the EU
No Data
North America Open
USD PPI 8:30 AM
The currency markets were stationary in Asian and early European trade with major basically tracing out 20 pip ranges for most of the night. The only eco event on the calendar was the RBNZ statement which suggested that New Zealand’s central bank was willing to consider the prospect on negative rates.
Governor Orr had his own “do whatever it takes” moment last night telling banks to be prepared for negative rates by the end of the year as the RBNZ left all options on the table. The kiwi central bank is clearly trying to get ahead of the curve using every policy tool imaginable to mitigate the contraction caused by

Read More »

Markets Flatline in Europe

21 days ago

Risk pressured a bit Europe
FX flat
Nikkei -0.12% Dax 0.07%
UST 10Y 0.70%
Oil $25/bbl
Gold $1703/oz
BTCUSD $8766
Asia and the EU
No Data
North America Open
USD CPI 8:30 AM
It’s been a very quiet day in the markets with both equities and FX essentially flatlining on the day after selling off mildly in Asia.
Some analysts thought that the renewed US-China tensions and especially President Trump’s order for federal retirement funds to be pulled from Chinese equities may have weighed on risk in Asia. Investor sentiment certainly appears to be far more hesitant today than yesterday but the selling pressure is remains muted.
The eco calendar is nearly barren today with only US CPI on the docket, so newsflow is likely to be light which explains the very lackluster price action so far. Equity

Read More »

Dollar Rising?

22 days ago

UK on Lockdown til July
Equities turn flat in Europe
Nikkei 1.05% Dax -0.25%
UST 10Y 0.69%
Oil $25/bbl
Gold $1703/oz
BTCUSD $8627
Asia and the EU
No Data
North America Open
No Data
Equities lost much of their verve in European session trade giving up the gains earned in Asia and turning negative on the day on a slow, news- free Monday with markets mostly treading water after gains of last week.
In the UK Boris Johnson’s government announced an easing of the lockdown measures with some non-essential retail to open in June while most of the economy was to be open in July. The announcement, however, was marred by confusion on new social distancing rules and cable fell to session lows trading below the 1.2400 figure as a result.
Generally, the buck was better bid across the board with

Read More »

MOAR Rally

26 days ago

BOE leaves rates unchanged
Equities rally extends
Nikkei0.22% Dax 1.06%
UST 10Y 0.71%
Oil $27/bbl
Gold $1691/oz
BTCUSD $9300
Asia and the EU
GBP UK BoE on hold
North America Open
USD Weekly jobless claims 8:30
Another day of risk on flows in stocks while FX was generally subdued with traders showing little reaction to Bank of England interest rate announcement which came in as expected with no change in policy.
Cable did rally in the immediate reaction to the release on the news that two members of the MPC voted to expand QE now – a sign that the bank remains in a highly accommodative mode as it tries to grapple with the fallout from the coronavirus crisis. The UK now holds the dubious honor of having more deaths in Europe than any other country despite the fact that its infection

Read More »

Markets Look Past Data

27 days ago

PMIs show lack of activity
Euro hits 2-week lows
Nikkei closed% Dax -0.15%
UST 10Y 0.67%
Oil $27/bbl
Gold $1701/oz
BTCUSD $9039
Asia and the EU
EUR Composite PMI 11.1
EUR Retail Sales -11.2%
North America Open
USD ADP 8:15
It’s been a quiet night of trade in currencies and equities tonight with some of the major bourses in Asia still on holiday, but the downward pressure on EURUSD continued as the pair hit two-week lows dipping under the 1.0800 big figure before rebounding slightly.
Equities in the meantime continued their merry march upward, rising about 60 basis points in overnight trade as stocks look past the woeful economic data towards a resumption of activity in G-11.
The data was truly, historically horrid with EZ PMI barely able to hold double digits as it printed at 13.6

Read More »

German Court Questions ECB QE – Why That is a Big Deal

28 days ago

German court rules that parts of ECB QE violate EU charter
Investor sentiment dented
Nikkei -2.84% Dax -3.33%
UST 10Y 0.66%
Oil $24/bbl
Gold $1698/oz
BTCUSD $9023
Asia and the EU
AUD RBA Statement unchanged
GBP UK Final Services PMI 13.5
North America Open
USD ISM-Non Manufacturing 10:00
German Constitutional court issued a ruling questioning some of the provision of the ECB QE bond-buying program, flipping market sentiment in early European dealing and sending EURUSD below the 1.0900 figure.
The court did not rule that the QE program violated the EU charter but asked the ECB for clarification that the program was “proportionate” to the response. In the end, the legalistic objections of the German court are unlikely to amount to much, but the optics of the ruling along with its usual

Read More »

Is US Starting a Cold Trade War?

29 days ago

May 3
Risk-off across the board
Manufacturing data on tap
Nikkei closed Dax -3.67%
UST 10Y 0.59%
Oil $21/bbl
Gold $1704/oz
BTCUSD $8653
Asia and the EU
EUR Sentix -41.8 vs. -25.9
North America Open
No Data
It has been a quiet but decidedly risk-off start to the week’s trade with some of the bourses in Asia closed for spring holidays. Stock index futures gapped lower on the open and remained negative throughout Asian and early European trade and the dollar was bid across the board on the same sentiment.
In Europe, the equities were particularly hard hit with the DAX down nearly 4% as investors soured on any idea of a strong recovery. Although the pandemic appears to have crested in all the major EU economies and most of the members were making efforts to slowly lift the lockdowns, the

Read More »

May Day Blues – But Why is EURUSD Bid?

May 1, 2020

May 1
Risk-off across the board
Manufacturing data on tap
Nikkei 2.14% Dax -2.22%
UST 10Y 0.61%
Oil $18/bbl
Gold $674/oz
BTCUSD $8811
Asia and the EU
GBP UK Manufacturing PMI 32.6
North America Open
USD ISM Manufacturing 10:00
Markets were markedly lower on the first day of May weighed down by disappointing results from Amazon and Apple and a general sense of profit-taking after a strong rebound in the month of April.
In North America, yesterday Amazon announced that the company was allocating $4 Billion against COVID-19 expenses and although it had a banner quarter, investors balked at the high price tag of accomodating the business to new lockdown realities and sent the stock lower in aftermarket trade. Apple for its part tried to assuage investors with a stock buyback and some

Read More »

ECB’s Turn – More Money for Markets?

April 30, 2020

April 30
EZ data shows the devastation of lockdown
ECB on tap
Nikkei 2.14% Dax -0.05%
UST 10Y 0.61%
Oil $17/bbl
Gold $1716/oz
BTCUSD $9172
Asia and the EU
EUR EZ Franch Consumer spending -17%
EUR EZ German Unemployment 5.8%
EUR EZ GDP
North America Open
EUR ECB Presser 8:30
USD Weekly jobless claims 8:30
USD Personal Income/Spending
Its been a quiet consolidative session in Asian and early European trade with little follow-through after yesterday’s massive risk-on rally in North American trade.
The Fed provided the proper monetary guidance yesterday essentially reaffirming that it stood ready to support the credit markets with unlimited funds and the supportive backdrop was enhanced by much better than expected results from tech heavyweights Microsoft and Facebook which reported

Read More »

All Eyes on the Fed

April 29, 2020

April 29
Euro pushes higher
All eyes on the Fed
Nikkei -0.06% Dax 0.12%
UST 10Y 0.66%
Oil $14/bbl
Gold $1706/oz
BTCUSD $7936
Asia and the EU
EU PPI -3.6%
North America Open
USD Fed Rate Decision/ Presser 14:00
Its been a subdued night of trade in Asia and early European session with currencies in quiet 20 pip ranges while equities were up less than 1% ahead of Federal Reserve announcement and presser later in the day.
The Fed rate decision is the marquee event in the global markets today and price action is likely to be muted until the Fed provides some guidance. Few market participants anticipate any dramatic news as Chairman Powell is expected to reassure the market that the Fed will continue to provide effectively unlimited liquidity in the time of global economic turmoil caused by

Read More »

Cautious Markets as Earnings Start

April 28, 2020

April 28
Risk mildly higher
Dollar slightly weaker across the board
Nikkei -0.6% Dax 0.65%
UST 10Y 0.66%
Oil $10/bbl
Gold $1701/oz
BTCUSD $7687
Asia and the EU
No Data
North America Open
No Data
Its been a choppy, hesitant, tepid trade in Asian and early European session with markets essentially consolidating the gains from yesterday as investor attention turns to earnings with several marquee names reporting after the close.
On the commodity side, oil continued its slide with June contract trading towards the $10 handle as global glut and lack of storage continue to weigh on crude. Ove the past week much has been written about the retail interest in USO ETF with mom and pop accounts trying to bottom tick the price action in the underlying which suggests there could be yet more

Read More »

Lockdown Easing + Monetary Easing = Rally in Risk

April 27, 2020

April 27
Risk revives on hopes of lockdown lift
Dollar weaker across the board
Nikkei 2.71% Dax 2.38%
UST 10Y 0.61%
Oil $14/bbl
Gold $1715/oz
BTCUSD $7689
Asia and the EU
No Data
North America Open
No Data
A strong risk-on rally in stocks and in both Asia and Europe started off the weak on a positive note and send the dollar lower as well on hopes that some of the more draconian lockdown measures in Western economies will be eased soon.
The weekend brought a round of good news regarding COVID-19 infections as all the major hotspots from Italy to Spain to France and even New York city reported declining rates suggesting that virus attack may have peaked.
Governments across the world made tentative announcements that some shelter in place restrictions could end as soon as the beginning

Read More »

Europe Still a Mess, Equities Reverse Course

April 24, 2020

April 24
Europeans fail to come to terms
IFO horrid
Covid cases appear to have peaked
Nikkei 0.87 Dax -0.70%
UST 10Y 0.61%
Oil $16/bbl
Gold $1727/oz
BTCUSD $7594
Asia and the EU
EUR EZ IFO -79.5 vs. -81
North America Open
USD Durable Goods 8:30
USD U of Michigan 10:00
European leaders failed to come to an agreement on a comprehensive economic relief package for the Eurozone disappointing investors and sending EURUSD below the 1.0750 level as markets grew increasingly frustrated with policymakers’ inability to respond to the COVID-19 crisis.
The EU Council did agree to let the EU Commission formulate a relief plan and figure out ways to finance it, but it’s clear that the Northern block led be Germany and Netherlands are resisting any notion of any shared fiscal responsibility that

Read More »

Gold Spikes, Euro Dives as PMIs Sink

April 23, 2020

April 23, 2020
EZ PMIs near single digits
Gold above 1700oz
Nikkei 1.52%% Dax -0.28%
UST 10Y 0.61%
Oil $15/bbl
Gold $1725/oz
BTCUSD $7101
Asia and the EU
EUR EZ PMI 17 vs. 31
GBP UK PMI Services 12.3 vs. 29
North America Open
USD Jobless Claims 8:30
USD PMI Composite 9:45
USD New Homes 10:00
Shockingly low PMI readings out of Europe soured investor sentiment and turned equities lower sending EURUSD below the 1.08000 figure in early European dealing.
Markets were braced for horrid data given the widespread lockdown across the continent, but today’s readings came in below even the most bearish of prediction as PMIs in France and UK flirted with a single-digit result.
The weakness was most obvious in the services sector with EZ services printing ar 11.7 vs. 22.8 and UK reports posting a

Read More »

Is EURUSD the Next Asset to Crack?

April 22, 2020

April 22, 2020
Brent cash lower by 11%
Equities up more than 1%
Nikkei -0.74% Dax 1.277%
UST 10Y 0.58%
Oil $11/bbl
Gold $1697/oz
BTCUSD $6945
Asia and the EU
No data
North America Open
CAD CPI 8:30
Markets were mixed in midweek trading with equities bid, oil continuing its slide, and FX flat as traders found no common themes today but remained optimistic about the further flattening of the curve of the coronavirus.
Although the rate of infection remains disturbingly high in Europe and North America, this week’s data suggests unequivocally that infection growth has peaked in key hotspots of the world as the draconian lockdown measures have clearly had their intended effect. Markets are now pricing in the prospect of mid-May as the partial return of economic activity and are beginning

Read More »

Oil at 20 Year Lows; Equities Tread Water, FX Mixed

April 20, 2020

April 17, 2020
Oil below 15 as storage runs out
Equities, FX flat
Nikkei -1.15% Dax 0.17%
UST 10Y 0.63%
Oil $14/bbl
Gold $677/oz
BTCUSD $7161
Asia and the EU
EUR EZ Trade Balance
North America Open
CAD Wholesale Sales 8:30
Oil collapsed at the start of the week’s trade dropping below the $15/bbl as the world ran out of storage and crude supplies continued to pile up due to coronavirus lockdowns across much of the world.
Crude has been the prime victim of the collapse of global demand with market dynamics further exacerbated by the price war between Saudi Arabia and Russia. The fresh 20 year lows are sure to take their toll on smaller export-driven petro economies like Mexico and Nigeria and could usher in the complete collapse of social order in Venezuela.
It’s hard to forecast what

Read More »

Equities Jump on Hopes of Restart

April 17, 2020

April 17, 2020
Futures soar on return to normal hopes
Oil skids to $18/bbl
Nikkei 3.15% Dax 2.96%
UST 10Y 0.63%
Oil $18/bbl
Gold $694/oz
BTCUSD $7108
Asia and the EU
EZ CPI 1.0% vs 1.0%
North America Open
No Data
A very strong risk-on mood dominated trade in Asian and early European dealing with stock index futures higher by 2% or more as investors were boosted by talk of relaxation of lockdown restrictions by US and Germany.
Stocks were also boosted by reports that Gilead’s drug Remdesivir could be effective in treating coronavirus cases. The company was careful to state that the data was anecdotal, but markets hungry for any bit of positive news when it comes to the virus were quick to respond fueling a furious rally in early Asia trade.
Currencies, on the other hand, were much more

Read More »

Risk on Mood Holds Ahead of US Data Deluge

April 16, 2020

April 15, 2020
Germany likey tp extend lockdown deadline
Dollar finds bid in risk-off mood
Nikkei -1.33 Dax 1.91%
UST 10Y 0.63%
Oil $20/bbl
Gold $1721/oz
BTCUSD $7061
Asia and the EU
No Data
North America Open
USD 8:30 Weekly Jobless Claims
USD 8:30 Philly Fed
USD 8:30 Building Permits
CAD 8:20 ADP
Markets were generally quiet in Asian and early European trade today with risk-off flows reversing in early Frankfurt dealing as index futures traded about 0.5% higher ahead of the North American open.
There was no fresh news to drive price flow as governments continued to struggle with damage from COVID-19 which passed 2M inflection mark yesterday. In the UK the government suggested that the lockdown would be extended for at least another 3 weeks while in Germany the government hinted

Read More »

Markets Give Up Gains as Lockdown Drags On

April 15, 2020

April 15, 2020
Germany likey tp extend lockdown deadline
Dollar finds bid in risk-off mood
Nikkei -0.45% Dax -1.96%
UST 10Y 0.69%
Oil $19/bbl
Gold $1719/oz
BTCUSD $6851
Asia and the EU
No Data
North America Open
USD 8:30 Retail Sales
CAD 10:00 BOC Statement
The market mood turned decidedly sour in Asian and early European dealing today with stock futures off nearly -2% while the buck was bid on fears that the current global lockdowns may extend longer than thought.
Germany, which has been one of the most effective actors in the battle against the coronavirus nevertheless stated that the current lockdown may extend to May 3rd in order to ensure public safety. More troubling still was the release of a Harvard University study that suggested life would be very different in OECD economies

Read More »

Risk On Returns As Chinese Trade Data Beats

April 14, 2020

April 14, 2020
Risk on flows return
Chinese Trade data beats
Nikkei 3.13% Dax 1.05%
UST 10Y 0.75%
Oil $22/bbl
Gold $1720/oz
BTCUSD $6808
Asia and the EU
CNY Trade 19.9B vs. 18B
North America Open
No Data
Boosted by better than expected Chinese trade data, global markets were generally higher today with futures up by more than 1% going into North American trade.
Chinese trade data printed at 19.96B versus 20.0B which was a slight miss actually but the markets traded higher nevertheless on relief that the numbers were not worse. Given the fact that much of the country was in lockdown that month the markets took last night’s report as the worst-case data point assuming that growth will resume going forward.
China is now the template for the rest of the world for how economies recover

Read More »

Markets Wary Ahead of Data

April 9, 2020

April 9, 2020
COVID relief rally fades
All eyes on jobless claims
Nikkei -0.04% Dax 0.42%
UST 10Y 0.74%
Oil $27/bbl
Gold $1664/oz
BTCUSD $7313
Asia and the EU
GBP UK GDP -0.1% vs. 0.1%
North America Open
USD Weekly Jobless Claims 8:30
CAD Employment 8:30
Global markets gave up their COVID relief rally gains in Asian and early European trade today as traders steeled themselves for a fresh round of negative economic data from the US.
Earlier in the session stock index futures were up as much 1.5% on news that Spain and Italy may be starting to flatten their curves as the rate of new infections has declined. The news led Italian PM Salvini to speculate that the country may able to start a slow return to normalcy as soon as the end of April.
But the positive sentiment is starting to face

Read More »