Blogs

Twitter has labelled a tweet from Trump as manipulation You can see the warning on the bottom left of the tweet.  When will they do the same with the market moving tweets? 😀   

Data here: Australia preliminary retail sales figures, May: +16.3% AUD is up just a few tics after its earlier falls of just a few tics.  Don't go setting your 'Australian economic recovery' expectations in stone just yet, like the headline to the post says, encouraging. Its s long road ahead especially after the jobs data [

The 'final' for this data point will follow on July 3.  Preliminary retail sales figures for May come in at +16.3% – For April Australia retail sales were -17.7% A good bounce back was expected (although no survey or expectations was conducted).

EUR/USD  USD/JPY  GBP/USD  AUD/USD  EUR/GBP

A piece from JP Morgan argues that in coming months focus will s AUD currently trades broadly with risk markets – the tug of war between second wave and global stimulus for stock market directionality will be won by the latter Further out, coming months will see focus switch from the virus to the US […]

Oil continues to hold more resilient in trading this week WTI crude is up by over 3% on the day now as price pushes back above the $40 level for the first time since 8 June. The key challenge for buyers now would be to try and hold a break above the psychological level as […]

AUD/USD sits a little higher as risk is in a better spot to start the session The pair continues to find support from the swing region around 0.6841 and got a slight boost from 0.6860 to 0.6878 as China is reported to step up purchases of US farm goods to make good on the Phase […]

The major central banks mentioned will reduce the frequency of operations For some context, these measures were what helped to calm the market down by helping to secure enough dollar liquidity to prevent a liquidity crunch from turning into a real credit crunch back in late March. was the Fed announcement at the time.

People's Bank of China  PBOC inject  – 70bn yuan through 7-day reverse repos in open market operations (OMOs) today – and inject 110bn yuan through 7-day reverse repos Maturities coming due today:

Reserve Bank of Australia board member Ian Harper with his thoughts on how policy should evolve: – government should come up with a "tapering arrangement" for its stimulus programs (these are due to end in September) – says a sharp cutoff would damage the recovery and potentially drive unemployment even higher On the A